KBJ (WAR:KBJ) E10: zł2.01 (As of Mar. 2026)


WAR:KBJ KBJ SA WAR:KBJ
77 GF Score
Price zł20.80
GF Value zł20.11
Valuation Fairly Valued
! 6 Warning Signs
View Full Analysis

What is KBJ E10?

KBJ WAR:KBJ +4.00% 77 E10 is zł2.01 as of Mar. 2026. GuruFocus rates WAR:KBJ with a GF Score™ of 77/100 and a GF Value™ of zł20.11 (Fairly Valued). The stock has 6 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

KBJ's adjusted earnings per share data for the three months ended in Mar. 2026 was zł0.866. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is zł2.01 for the trailing ten years ended in Mar. 2026.

During the past 3 years, the average E10 Growth Rate was 12.60% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the E10 growth rate using E10 data.

During the past 13 years, the highest 3-Year average E10 Growth Rate of KBJ was 24.50% per year. The lowest was 12.60% per year. And the median was 18.55% per year.

As of today (2026-06-26), KBJ's current stock price is zł20.80. KBJ's E10 for the quarter that ended in Mar. 2026 was zł2.01. KBJ's Shiller PE Ratio of today is 10.35.

During the past 13 years, the highest Shiller PE Ratio of KBJ was 19.22. The lowest was 8.58. And the median was 12.99.


KBJ  (WAR:KBJ) E10 Explanation

If a company grows much fast than inflation, E10 may underestimate the company's earnings power. Shiller PE Ratio can seem to be too high even the actual P/E is low.

For the Shiller P/E, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller P/E is also called PE10.

The Shiller P/E was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

KBJ's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=20.80/2.01
=10.35

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

During the past 13 years, the highest Shiller P/E Ratio of KBJ was 19.22. The lowest was 8.58. And the median was 12.99.


Be Aware

Shiller PE Ratio works better for cyclical companies. It gives you a better idea on the company's real earnings power.


KBJ E10 Related Terms


KBJ E10 Historical Data

* Premium members only.

The historical data trend for KBJ's E10 can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

KBJ E10 Chart

KBJ Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.98 1.31 1.55 1.89 1.87

KBJ Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
E10 Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.01 2.02 2.02 1.87 2.01

WAR:KBJ vs IBM, ACN, FISV: E10 Comparison

For the Information Technology Services subindustry, KBJ's Shiller PE Ratio, along with its competitors' market caps and Shiller PE Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


KBJ Shiller PE Ratio vs Software Industry

For the Software industry and Technology sector, KBJ's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where KBJ's Shiller PE Ratio falls into.


WAR:KBJ
77GF Score
KBJ SA WAR:KBJ
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

KBJ E10 Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. When we calculate the today's Shiller P/E ratio of a stock, we use today's price divided by E10.

What is E10? How do we calculate E10?

E10 is the average of the inflation adjusted earnings of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the E10 of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the earnings from 2001 through 2010.

We adjusted the earnings of 2001 earnings data with the total inflation from 2001 through 2010 to the equivalent earnings in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart earned $1 a share in 2001, then the 2001's equivalent earnings in 2010 is $1.4 a share. If Wal-Mart earns $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 earnings in 2010 is $1.35. So on and so forth, you get the equivalent earnings of past 10 years. Then you add them together and divided the sum by 10 to get E10.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, KBJ's adjusted earnings per share data for the three months ended in Mar. 2026 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=0.866/158.3232*158.3232
=0.866

Current CPI (Mar. 2026) = 158.3232.

KBJ Quarterly Data

per share eps CPI Adj_EPS
201606 0.121 99.552 0.192
201609 0.186 99.064 0.297
201612 0.887 100.366 1.399
201703 -0.301 101.018 -0.472
201706 0.997 101.180 1.560
201709 -0.260 101.343 -0.406
201712 1.191 102.564 1.838
201803 -0.376 102.564 -0.580
201806 -0.636 103.378 -0.974
201809 -0.279 103.378 -0.427
201812 1.298 103.785 1.980
201903 -0.277 104.274 -0.421
201906 0.314 105.983 0.469
201909 -0.691 105.983 -1.032
201912 1.496 107.123 2.211
202003 0.267 109.076 0.388
202006 -0.694 109.402 -1.004
202009 -0.024 109.320 -0.035
202012 2.411 109.565 3.484
202103 0.039 112.658 0.055
202106 0.392 113.960 0.545
202109 0.769 115.588 1.053
202112 0.708 119.088 0.941
202203 0.725 125.031 0.918
202206 -0.379 131.705 -0.456
202209 -0.481 135.531 -0.562
202212 2.173 139.113 2.473
202303 0.207 145.950 0.225
202306 -1.463 147.009 -1.576
202309 0.068 146.113 0.074
202312 3.503 147.741 3.754
202403 0.309 149.044 0.328
202406 0.160 150.997 0.168
202409 -1.492 153.439 -1.539
202412 4.382 154.660 4.486
202503 0.352 157.021 0.355
202506 0.190 157.509 0.191
202509 -0.164 157.998 -0.164
202512 -0.550 158.323 -0.550
202603 0.866 158.323 0.866

Add all the adjusted EPS together and divide 10 will get our e10.

Frequently Asked Questions Learn more about E10 →
What does a E10 of zł2.01 mean?
KBJ (WAR:KBJ) has a E10 of zł2.01 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on KBJ and its competitors.
Is KBJ's E10 too high?
KBJ's current E10 is zł2.01. Overall, KBJ has a GF Score™ of 77/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does KBJ's E10 compare to IBM and ACN?
KBJ's E10 of zł2.01 can be compared against companies in the Software industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good E10 for a Software company?
A good E10 depends on the Software industry context. However, E10 should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high E10 mean?
A high E10 can signal that a stock is expensive relative to its fundamentals. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on KBJ and its competitors. KBJ's current E10 is zł2.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is KBJ stock overvalued right now?
Based on GuruFocus' analysis, KBJ (WAR:KBJ) is currently considered Fairly Valued. The stock's GF Value™ is zł20.11, compared to a current price of zł20.80 — trading 3.4% above its estimated fair value. The current E10 is zł2.01. KBJ's overall GF Score™ is 77/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is E10 calculated?
E10 is calculated from a company's financial statements. For KBJ (WAR:KBJ), the current E10 is zł2.01 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is KBJ (WAR:KBJ) Overvalued in 2026?

Based on GuruFocus' analysis, KBJ stock appears to be overvalued. The current stock price of zł20.80 is trading 3.4% above its estimated GF Value™ of zł20.11. GuruFocus considers KBJ to be Fairly Valued.

Key valuation signals for WAR:KBJ:

  • E10: zł2.01
  • GF Value™: zł20.11 vs. price of zł20.80 (3.4% above fair value)
  • GF Score™: 77/100 with 6 warning signs

No single metric tells the full story. See the WAR:KBJ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


KBJ Business Description

Address Obozowa Street 57, Warsaw, POL, 01-161
KBJ SA is engaged in providing implementation and consulting services as well as building dedicated IT solutions that are compliant with individual customer needs. The company services include Business Intelligence & Big Data, SAP Development, ERP S/4 HANA, SAP application service, e-Drugs, E-JPK, HR Cloud Portal, and Research & Development.
77GF Score

Get the complete analysis for WAR:KBJ

E10 is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

zł20.80
Price
zł20.11
GF Value