Keyence (XBUL:KEE) E10: лв7.28 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

XBUL:KEE Keyence Corp XBUL:KEE
100 GF Score
Price лв312.40
GF Value лв316.66
! 4 Warning Signs
View Full Analysis

What is Keyence E10?

Keyence XBUL:KEE 100 E10 is лв7.28 as of Mar. 2026. GuruFocus rates XBUL:KEE with a GF Score™ of 100/100 and a GF Value™ of лв316.66. The stock has 4 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.

Keyence's adjusted earnings per share data for the three months ended in Mar. 2026 was лв5.907. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is лв7.28 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Keyence's average E10 Growth Rate was 11.90% per year. During the past 3 years, the average E10 Growth Rate was 14.20% per year. During the past 5 years, the average E10 Growth Rate was 16.30% 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 Keyence was 18.00% per year. The lowest was 12.10% per year. And the median was 15.05% per year.

As of today (2026-08-26), Keyence's current stock price is лв312.40. Keyence's E10 for the quarter that ended in Mar. 2026 was лв7.28. Keyence's Shiller PE Ratio of today is 42.91.

During the past 13 years, the highest Shiller PE Ratio of Keyence was 118.30. The lowest was 42.84. And the median was 69.68.


Keyence  (XBUL:KEE) 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.

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

Shiller PE Ratio=Share Price/E10
=312.40/7.28
=42.91

* 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 Keyence was 118.30. The lowest was 42.84. And the median was 69.68.


Be Aware

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


Keyence E10 Related Terms


Keyence E10 Historical Data

* Premium members only.

The historical data trend for Keyence'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.

Keyence E10 Chart

Keyence Annual Data
Trend Mar15 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 8.33 7.28

Keyence 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 8.33 8.64 9.30 6.85 7.28

XBUL:KEE vs COHR, KEYS, GRMN: E10 Comparison

For the Scientific & Technical Instruments subindustry, Keyence'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.


Keyence Shiller PE Ratio vs Hardware Industry

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

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


XBUL:KEE
100GF Score
Keyence Corp XBUL:KEE
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Keyence 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, Keyence'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)
=5.907/112.7000*112.7000
=5.907

Current CPI (Mar. 2026) = 112.7000.

Keyence Quarterly Data

per share eps CPI Adj_EPS
201606 2.156 98.100 2.477
201609 2.571 98.000 2.957
201612 2.330 98.400 2.669
201703 2.764 98.100 3.175
201706 2.993 98.500 3.424
201709 3.354 98.800 3.826
201712 3.208 99.400 3.637
201803 3.840 99.200 4.363
201806 3.536 99.200 4.017
201809 3.625 99.900 4.089
201812 3.492 99.700 3.947
201903 3.549 99.700 4.012
201906 3.007 99.800 3.396
201909 3.391 100.100 3.818
201912 3.155 100.500 3.538
202003 3.269 100.300 3.673
202006 2.374 99.900 2.678
202009 3.168 99.900 3.574
202012 3.237 99.300 3.674
202103 4.178 99.900 4.713
202106 4.292 99.500 4.861
202109 4.712 100.100 5.305
202112 4.708 100.100 5.301
202203 5.011 101.100 5.586
202206 4.157 101.800 4.602
202209 4.931 103.100 5.390
202212 4.530 104.100 4.904
202303 4.968 104.400 5.363
202306 4.212 105.200 4.512
202309 4.443 106.200 4.715
202312 4.245 106.800 4.480
202403 4.819 107.200 5.066
202406 4.144 108.200 4.316
202409 4.706 108.900 4.870
202412 4.640 110.700 4.724
202503 5.016 111.100 5.088
202506 4.459 111.700 4.499
202509 5.102 112.000 5.134
202512 4.989 113.000 4.976
202603 5.907 112.700 5.907

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 лв7.28 mean?
Keyence (XBUL:KEE) has a E10 of лв7.28 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Keyence and its competitors.
Is Keyence's E10 too high?
Keyence's current E10 is лв7.28. Overall, Keyence has a GF Score™ of 100/100, reflecting its overall financial health beyond just this single metric.
How does Keyence's E10 compare to COHR and KEYS?
Keyence's E10 of лв7.28 can be compared against companies in the Hardware 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 Hardware company?
A good E10 depends on the Hardware 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 Keyence and its competitors. Keyence's current E10 is лв7.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Keyence stock overvalued right now?
Keyence (XBUL:KEE) has a current E10 of лв7.28. The stock's GF Value™ is лв316.66, compared to a current price of лв312.40 — trading 1.3% below its estimated fair value. The current E10 is лв7.28. Keyence's overall GF Score™ is 100/100 with 4 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 Keyence (XBUL:KEE), the current E10 is лв7.28 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 Keyence (XBUL:KEE) Overvalued in 2026?

Based on GuruFocus' analysis, Keyence stock appears to be undervalued. The current stock price of лв312.40 is trading 1.3% below its estimated GF Value™ of лв316.66.

Key valuation signals for XBUL:KEE:

  • E10: лв7.28
  • GF Value™: лв316.66 vs. price of лв312.40 (1.3% below fair value)
  • GF Score™: 100/100 with 4 warning signs

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


Keyence Business Description

Address 1-3-14 Higashinakajima, Higashiyodogawa-ku, Osaka, JPN, 533-8555
Keyence Corporation, founded in May 1974 by Takemitsu Takizaki and headquartered in Osaka, Japan, began as Lead Electric Co., Ltd. before rebranding to Keyence (derived from "KEY of sciENCE") in 1986. As a global leader in industrial automation, the company designs and manufactures a comprehensive range of high-precision products, including sensors (photoelectric, laser, proximity), machine vision systems, measurement instruments (laser displacement sensors, 3D scanners), control systems (PLCs, HMIs), laser markers, digital microscopes, and safety equipment.
100GF Score

Get the complete analysis for XBUL:KEE

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

лв312.40
Price
лв316.66
GF Value