Kazakhtelecom JSC (XKAZ:KZTK) E10: ₸11,717.44 (As of Dec. 2025)

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Director of Data and Quant Analytics at GuruFocus
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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.

XKAZ:KZTK Kazakhtelecom JSC XKAZ:KZTK
57 GF Score
Price ₸44,555.00
GF Value ₸40,508.17
Valuation Fairly Valued
! 13 Warning Signs
View Full Analysis

What is Kazakhtelecom JSC E10?

Kazakhtelecom JSC XKAZ:KZTK -0.32% 57 E10 is ₸11,717.44 as of Dec. 2025. GuruFocus rates XKAZ:KZTK with a GF Score™ of 57/100 and a GF Value™ of ₸40,508.17 (Fairly Valued). The stock has 13 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.

Kazakhtelecom JSC's adjusted earnings per share data for the three months ended in Dec. 2025 was ₸-2,914.940. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₸11,717.44 for the trailing ten years ended in Dec. 2025.

During the past 12 months, Kazakhtelecom JSC's average E10 Growth Rate was 14.40% per year. During the past 3 years, the average E10 Growth Rate was 14.00% 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 Kazakhtelecom JSC was 16.10% per year. The lowest was 14.00% per year. And the median was 15.05% per year.

As of today (2026-09-11), Kazakhtelecom JSC's current stock price is ₸44555.00. Kazakhtelecom JSC's E10 for the quarter that ended in Dec. 2025 was ₸11,717.44. Kazakhtelecom JSC's Shiller PE Ratio of today is 3.80.

During the past 13 years, the highest Shiller PE Ratio of Kazakhtelecom JSC was 6.86. The lowest was 3.23. And the median was 4.36.


Kazakhtelecom JSC  (XKAZ:KZTK) 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.

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

Shiller PE Ratio=Share Price/E10
=44555.00/11717.44
=3.80

* 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 Kazakhtelecom JSC was 6.86. The lowest was 3.23. And the median was 4.36.


Be Aware

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


Kazakhtelecom JSC E10 Related Terms


Kazakhtelecom JSC E10 Historical Data

* Premium members only.

The historical data trend for Kazakhtelecom JSC'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.

Kazakhtelecom JSC E10 Chart

Kazakhtelecom JSC 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 6,037.48 6,616.69 8,414.61 8,064.89 11,717.44

Kazakhtelecom JSC Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
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 8,064.89 10,007.31 9,141.49 9,842.85 11,717.44

XKAZ:KZTK vs VZ, TMUS, T: E10 Comparison

For the Telecom Services subindustry, Kazakhtelecom JSC'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.


Kazakhtelecom JSC Shiller PE Ratio vs Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Kazakhtelecom JSC's Shiller PE Ratio distribution charts can be found below:

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


XKAZ:KZTK
57GF Score
Kazakhtelecom JSC XKAZ:KZTK
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Kazakhtelecom JSC 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, Kazakhtelecom JSC's adjusted earnings per share data for the three months ended in Dec. 2025 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=-2914.94/324.0540*324.0540
=-2,914.940

Current CPI (Dec. 2025) = 324.0540.

Kazakhtelecom JSC Quarterly Data

per share eps CPI Adj_EPS
201603 6,116.850 238.132 8,323.912
201606 421.650 241.018 566.918
201609 0.618 241.428 0.830
201612 -711.930 241.432 -955.564
201703 740.720 243.801 984.546
201706 734.020 244.955 971.044
201709 1,464.180 246.819 1,922.354
201712 -688.800 246.524 -905.423
201803 851.600 249.554 1,105.830
201806 956.780 251.989 1,230.404
201809 1,862.690 252.439 2,391.121
201812 242.960 251.233 313.383
201903 828.580 254.202 1,056.265
201906 2,366.830 256.143 2,994.346
201909 1,236.580 256.759 1,560.680
201912 753.430 256.974 950.104
202003 1,866.470 258.115 2,343.285
202006 843.910 257.797 1,060.805
202009 2,793.800 260.280 3,478.339
202012 256.930 260.474 319.645
202103 2,166.450 264.877 2,650.463
202106 2,737.940 271.696 3,265.563
202109 2,444.630 274.310 2,887.945
202112 760.680 278.802 884.145
202203 2,364.270 287.504 2,664.836
202206 1,492.450 296.311 1,632.185
202209 2,913.800 296.808 3,181.277
202212 3,610.750 296.797 3,942.351
202303 2,571.650 301.836 2,760.948
202306 2,183.030 305.109 2,318.580
202309 2,616.500 307.789 2,754.768
202312 1,093.920 306.746 1,155.644
202403 2,243.960 312.332 2,328.177
202406 -716.600 314.175 -739.133
202409 3,077.160 315.301 3,162.584
202412 2,144.770 315.605 2,202.187
202503 9,715.360 319.799 9,844.625
202506 2,363.350 322.561 2,374.289
202509 1,708.790 324.800 1,704.865
202512 -2,914.940 324.054 -2,914.940

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 ₸11,717.44 mean?
Kazakhtelecom JSC (XKAZ:KZTK) has a E10 of ₸11,717.44 as of Dec. 2025. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Kazakhtelecom JSC and its competitors.
Is Kazakhtelecom JSC's E10 too high?
Kazakhtelecom JSC's current E10 is ₸11,717.44. Overall, Kazakhtelecom JSC has a GF Score™ of 57/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Kazakhtelecom JSC's E10 compare to VZ and TMUS?
Kazakhtelecom JSC's E10 of ₸11,717.44 can be compared against companies in the Telecommunication Services 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 Telecommunication Services company?
A good E10 depends on the Telecommunication Services 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 Kazakhtelecom JSC and its competitors. Kazakhtelecom JSC's current E10 is ₸11,717.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kazakhtelecom JSC stock overvalued right now?
Based on GuruFocus' analysis, Kazakhtelecom JSC (XKAZ:KZTK) is currently considered Fairly Valued. The stock's GF Value™ is ₸40,508.17, compared to a current price of ₸44,555.00 — trading 10% above its estimated fair value. The current E10 is ₸11,717.44. Kazakhtelecom JSC's overall GF Score™ is 57/100 with 13 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 Kazakhtelecom JSC (XKAZ:KZTK), the current E10 is ₸11,717.44 as of Dec. 2025. 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 Kazakhtelecom JSC (XKAZ:KZTK) Overvalued in 2026?

Based on GuruFocus' analysis, Kazakhtelecom JSC stock appears to be overvalued. The current stock price of ₸44,555.00 is trading 10% above its estimated GF Value™ of ₸40,508.17. GuruFocus considers Kazakhtelecom JSC to be Fairly Valued.

Key valuation signals for XKAZ:KZTK:

  • E10: ₸11,717.44
  • GF Value™: ₸40,508.17 vs. price of ₸44,555.00 (10% above fair value)
  • GF Score™: 57/100 with 13 warning signs

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


Kazakhtelecom JSC Business Description

Address 12, Sauran Street, Essil District, Nur-Sultan, KAZ, 010000
Kazakhtelecom JSC is engaged in providing telecommunication services. The company offers fixed line and mobile telecommunication services which include local, long-distance intercity, and international telecommunication services including CIS and non-CIS countries. In addition, it also provides rent of channels, data transfer services, and wireless communication services. The group operating segments include Fixed lines; Mobile telecommunication services in GSM and LTE standards and others. It generates maximum revenue from Mobile telecommunication services in GSM and LTE standards segment.
57GF Score

Get the complete analysis for XKAZ:KZTK

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

₸44,555.00
Price
₸40,508.17
GF Value