Air T (AIRT) E10: $-0.48 (As of Dec. 2025)


AIRT Air T Inc AIRT
53 GF Score
Price $23.50
GF Value $23.05
Valuation Fairly Valued
! 6 Warning Signs
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What is Air T E10?

Air T AIRT +2.17% 53 E10 is $-0.48 as of Dec. 2025. GuruFocus rates AIRT with a GF Score™ of 53/100 and a GF Value™ of $23.05 (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.

Air T's adjusted earnings per share data for the three months ended in Dec. 2025 was $-0.910. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $-0.48 for the trailing ten years ended in Dec. 2025.

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 Air T was 22.40% per year. The lowest was -51.20% per year. And the median was 3.00% per year.

As of today (2026-06-25), Air T's current stock price is $23.50. Air T's E10 for the quarter that ended in Dec. 2025 was $-0.48. Air T's Shiller PE Ratio of today is .

During the past 13 years, the highest Shiller PE Ratio of Air T was 739.25. The lowest was 12.78. And the median was 31.08.


Air T  (NAS:AIRT) 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.

During the past 13 years, the highest Shiller P/E Ratio of Air T was 739.25. The lowest was 12.78. And the median was 31.08.


Be Aware

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


Air T E10 Related Terms


Air T E10 Historical Data

* Premium members only.

The historical data trend for Air T'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.

Air T E10 Chart

Air T Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.43 0.79 0.34 0.05 -0.26

Air T 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 -0.04 -0.26 -0.30 -0.28 -0.48

AIRT vs BBXIA, STRR, PLAG: E10 Comparison

For the Conglomerates subindustry, Air T'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.


Air T Shiller PE Ratio vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, Air T's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Air T's Shiller PE Ratio falls into.


AIRT
53GF Score
Air T Inc AIRT
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
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Air T 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, Air T'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)
=-0.91/324.0540*324.0540
=-0.910

Current CPI (Dec. 2025) = 324.0540.

Air T Quarterly Data

per share eps CPI Adj_EPS
201603 -0.387 238.132 -0.527
201606 -1.613 241.018 -2.169
201609 0.353 241.428 0.474
201612 0.400 241.432 0.537
201703 0.060 243.801 0.080
201706 0.313 244.955 0.414
201709 0.140 246.819 0.184
201712 -0.220 246.524 -0.289
201803 0.507 249.554 0.658
201806 0.920 251.989 1.183
201809 -0.430 252.439 -0.552
201812 -0.890 251.233 -1.148
201903 0.840 254.202 1.071
201906 0.790 256.143 0.999
201909 1.880 256.759 2.373
201912 -0.140 256.974 -0.177
202003 0.160 258.115 0.201
202006 -0.290 257.797 -0.365
202009 -1.010 260.280 -1.257
202012 0.730 260.474 0.908
202103 -1.950 264.877 -2.386
202106 0.100 271.696 0.119
202109 2.600 274.310 3.071
202112 -0.440 278.802 -0.511
202203 1.500 287.504 1.691
202206 -0.500 296.311 -0.547
202209 -0.430 296.808 -0.469
202212 -0.210 296.797 -0.229
202303 -3.180 301.836 -3.414
202306 -0.190 305.109 -0.202
202309 -0.570 307.789 -0.600
202312 -1.060 306.746 -1.120
202403 -0.600 312.332 -0.623
202406 -0.120 314.175 -0.124
202409 0.910 315.301 0.935
202412 -0.470 315.605 -0.483
202503 -2.550 319.799 -2.584
202506 -0.610 322.561 -0.613
202509 1.610 324.800 1.606
202512 -0.910 324.054 -0.910

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 $-0.48 mean?
Air T (AIRT) has a E10 of $-0.48 as of Dec. 2025. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Air T and its competitors.
Is Air T's E10 too high?
Air T's current E10 is $-0.48. Overall, Air T has a GF Score™ of 53/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Air T's E10 compare to BBXIA and STRR?
Air T's E10 of $-0.48 can be compared against companies in the Conglomerates 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 Conglomerates company?
A good E10 depends on the Conglomerates 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 Air T and its competitors. Air T's current E10 is $-0.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Air T stock overvalued right now?
Based on GuruFocus' analysis, Air T (AIRT) is currently considered Fairly Valued. The stock's GF Value™ is $23.05, compared to a current price of $23.50 — trading 2% above its estimated fair value. The current E10 is $-0.48. Air T's overall GF Score™ is 53/100 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 Air T (AIRT), the current E10 is $-0.48 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 Air T (AIRT) Overvalued in 2026?

Based on GuruFocus' analysis, Air T stock appears to be overvalued. The current stock price of $23.50 is trading 2% above its estimated GF Value™ of $23.05. GuruFocus considers Air T to be Fairly Valued.

Key valuation signals for AIRT:

  • E10: $-0.48
  • GF Value™: $23.05 vs. price of $23.50 (2% above fair value)
  • GF Score™: 53/100 with 6 warning signs

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


Air T Business Description

Other Exchanges AIRTP.PFD:USAGXT:Germany
Address 11020 David Taylor Drive, Suite 305, Charlotte, NC, USA, 28262
Air T Inc together with its subsidiaries provides air freight service to the express delivery industry. The company's operating segments include Overnight air cargo, Ground equipment sales, Commercial jet engines, and parts, Corporate, and Others. The company generates maximum revenue from the Commercial Jet Engines and Parts segment.
53GF Score

Get the complete analysis for AIRT

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

$23.50
Price
$23.05
GF Value