ACKAY (Arcelik AS) E10: $0.55 (As of Mar. 2026)


ACKAY Arcelik AS ACKAY
77 GF Score
Price $11.69
GF Value $9.62
Valuation Modestly Overvalued
! 8 Warning Signs
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What is Arcelik AS E10?

Arcelik AS ACKAY -0.26% 77 E10 is $0.55 as of Mar. 2026. GuruFocus rates ACKAY with a GF Score™ of 77/100 and a GF Value™ of $9.62 (Modestly Overvalued). The stock has 8 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.

Arcelik AS's adjusted earnings per share data for the three months ended in Mar. 2026 was $-0.314. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $0.55 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Arcelik AS's average E10 Growth Rate was -21.80% per year. During the past 3 years, the average E10 Growth Rate was 17.20% per year. During the past 5 years, the average E10 Growth Rate was 32.80% 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 Arcelik AS was 59.00% per year. The lowest was 11.80% per year. And the median was 29.00% per year.

As of today (2026-06-25), Arcelik AS's current stock price is $11.69. Arcelik AS's E10 for the quarter that ended in Mar. 2026 was $0.55. Arcelik AS's Shiller PE Ratio of today is 21.25.

During the past 13 years, the highest Shiller PE Ratio of Arcelik AS was 47.34. The lowest was 10.66. And the median was 20.20.


Arcelik AS  (OTCPK:ACKAY) 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.

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

Shiller PE Ratio=Share Price/E10
=11.69/0.55
=21.25

* 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 Arcelik AS was 47.34. The lowest was 10.66. And the median was 20.20.


Be Aware

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


Arcelik AS E10 Related Terms


Arcelik AS E10 Historical Data

* Premium members only.

The historical data trend for Arcelik AS'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.

Arcelik AS E10 Chart

Arcelik AS 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 0.78 0.75 1.05 0.94 0.65

Arcelik AS 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 0.78 0.73 0.63 0.65 0.55

ACKAY vs SN, SGI, MHK: E10 Comparison

For the Furnishings, Fixtures & Appliances subindustry, Arcelik AS'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.


Arcelik AS Shiller PE Ratio vs Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Arcelik AS's Shiller PE Ratio distribution charts can be found below:

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


ACKAY
77GF Score
Arcelik AS ACKAY
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Arcelik AS 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, Arcelik AS'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)
=-0.314/330.2130*330.2130
=-0.314

Current CPI (Mar. 2026) = 330.2130.

Arcelik AS Quarterly Data

per share eps CPI Adj_EPS
201606 1.654 241.018 2.266
201609 0.656 241.428 0.897
201612 0.486 241.432 0.665
201703 0.485 243.801 0.657
201706 0.540 244.955 0.728
201709 0.546 246.819 0.730
201712 0.173 246.524 0.232
201803 0.337 249.554 0.446
201806 0.230 251.989 0.301
201809 0.293 252.439 0.383
201812 0.390 251.233 0.513
201903 0.306 254.202 0.397
201906 0.278 256.143 0.358
201909 0.312 256.759 0.401
201912 0.304 256.974 0.391
202003 0.298 258.115 0.381
202006 0.442 257.797 0.566
202009 1.003 260.280 1.272
202012 1.116 260.474 1.415
202103 1.053 264.877 1.313
202106 0.456 271.696 0.554
202109 0.572 274.310 0.689
202112 0.452 278.802 0.535
202203 0.603 287.504 0.693
202206 0.124 296.311 0.138
202209 0.151 296.808 0.168
202212 1.959 296.797 2.180
202303 0.560 301.836 0.613
202306 0.559 305.109 0.605
202309 0.380 307.789 0.408
202312 4.246 306.746 4.571
202403 0.624 312.332 0.660
202406 5.143 314.175 5.406
202409 -1.355 315.301 -1.419
202412 -3.956 315.605 -4.139
202503 -0.475 319.799 -0.490
202506 -0.489 322.561 -0.501
202509 -0.410 324.800 -0.417
202512 -0.367 324.054 -0.374
202603 -0.314 330.213 -0.314

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 $0.55 mean?
Arcelik AS (ACKAY) has a E10 of $0.55 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Arcelik AS and its competitors.
Is Arcelik AS's E10 too high?
Arcelik AS's current E10 is $0.55. Overall, Arcelik AS has a GF Score™ of 77/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Arcelik AS's E10 compare to SN and SGI?
Arcelik AS's E10 of $0.55 can be compared against companies in the Furnishings, Fixtures & Appliances 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 Furnishings, Fixtures & Appliances company?
A good E10 depends on the Furnishings, Fixtures & Appliances 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 Arcelik AS and its competitors. Arcelik AS's current E10 is $0.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Arcelik AS stock overvalued right now?
Based on GuruFocus' analysis, Arcelik AS (ACKAY) is currently considered Modestly Overvalued. The stock's GF Value™ is $9.62, compared to a current price of $11.69 — trading 21.5% above its estimated fair value. The current E10 is $0.55. Arcelik AS's overall GF Score™ is 77/100 with 8 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 Arcelik AS (ACKAY), the current E10 is $0.55 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 Arcelik AS (ACKAY) Overvalued in 2026?

Based on GuruFocus' analysis, Arcelik AS stock appears to be overvalued. The current stock price of $11.69 is trading 21.5% above its estimated GF Value™ of $9.62. GuruFocus considers Arcelik AS to be Modestly Overvalued.

Key valuation signals for ACKAY:

  • E10: $0.55
  • GF Value™: $9.62 vs. price of $11.69 (21.5% above fair value)
  • GF Score™: 77/100 with 8 warning signs

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


Arcelik AS Business Description

Other Exchanges ARCLK:TurkeyRCAA:Germany
Address Karaagac Caddesi No 2-6, Sutluce, Beyoglu, Istanbul, TUR, 34445
Arcelik AS is a Turkey-based company that is principally engaged in manufacturing household appliances. Its products consist of consumer durable goods, consumer electronics, kitchen accessories, and small home appliances. It provides after-sale services as well. It supplies products and services under the brands of Altus, Arctic, Arcelik, Beko, Blomberg, Dawlance, Defy, Elektrabregenz, Flavel, Grundig, Leisure, and VoltasBeko among others. The company's reportable segments are White goods and Consumer Electronics. The majority of its revenue is derived from the White goods segment which comprises washing machines, dryers, dishwashers, refrigerators, ovens, cookers, and the services provided for these products. Geographically, key revenue for the company is generated from Europe.
77GF Score

Get the complete analysis for ACKAY

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

$11.69
Price
$9.62
GF Value