BGAOF (Proximus) E10: $2.09 (As of Mar. 2026)


BGAOF Proximus SA BGAOF
69 GF Score
Price $7.31
GF Value $6.02
Valuation Modestly Overvalued
! 7 Warning Signs
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What is Proximus E10?

Proximus BGAOF 69 E10 is $2.09 as of Mar. 2026. GuruFocus rates BGAOF with a GF Score™ of 69/100 and a GF Value™ of $6.02 (Modestly Overvalued). The stock has 7 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.

Proximus's adjusted earnings per share data for the three months ended in Mar. 2026 was $0.444. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $2.09 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Proximus's average E10 Growth Rate was -1.10% 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 Proximus was -1.80% per year. The lowest was -7.80% per year. And the median was -4.10% per year.

As of today (2026-06-25), Proximus's current stock price is $7.31. Proximus's E10 for the quarter that ended in Mar. 2026 was $2.09. Proximus's Shiller PE Ratio of today is 3.50.

During the past 13 years, the highest Shiller PE Ratio of Proximus was 13.23. The lowest was 2.76. And the median was 8.76.


Proximus  (OTCPK:BGAOF) 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.

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

Shiller PE Ratio=Share Price/E10
=7.31/2.09
=3.50

* 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 Proximus was 13.23. The lowest was 2.76. And the median was 8.76.


Be Aware

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


Proximus E10 Related Terms


Proximus E10 Historical Data

* Premium members only.

The historical data trend for Proximus'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.

Proximus E10 Chart

Proximus 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 2.13 2.04 1.77 1.71 0.00

Proximus 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 1.86 1.79 2.33 0.00 2.09

BGAOF vs TMUS, VZ, T: E10 Comparison

For the Telecom Services subindustry, Proximus'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.


Proximus Shiller PE Ratio vs Telecommunication Services Industry

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

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


BGAOF
69GF Score
Proximus SA BGAOF
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Proximus 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, Proximus'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)
=0.444/135.0710*135.0710
=0.444

Current CPI (Mar. 2026) = 135.0710.

Proximus Quarterly Data

per share eps CPI Adj_EPS
201606 0.438 102.267 0.578
201609 0.561 102.118 0.742
201612 0.401 102.614 0.528
201703 0.396 103.972 0.514
201706 0.438 103.902 0.569
201709 0.513 104.170 0.665
201712 0.509 104.804 0.656
201803 0.469 105.419 0.601
201806 0.456 106.063 0.581
201809 0.478 106.618 0.606
201812 0.444 107.252 0.559
201903 0.475 107.876 0.595
201906 0.486 107.896 0.608
201909 0.441 107.470 0.554
201912 -0.100 108.065 -0.125
202003 0.519 108.550 0.646
202006 0.507 108.540 0.631
202009 0.577 108.441 0.719
202012 0.414 108.511 0.515
202103 0.452 109.522 0.557
202106 0.446 110.305 0.546
202109 0.424 111.543 0.513
202112 0.305 114.705 0.359
202203 0.407 118.620 0.463
202206 0.402 120.948 0.449
202209 0.386 124.120 0.420
202212 0.265 126.578 0.283
202303 0.310 126.528 0.331
202306 0.314 125.973 0.337
202309 0.267 127.083 0.284
202312 0.305 128.292 0.321
202403 0.340 130.552 0.352
202406 0.301 130.691 0.311
202409 0.626 130.968 0.646
202412 0.241 132.346 0.246
202503 0.463 134.348 0.465
202506 0.626 133.495 0.633
202509 0.309 133.743 0.312
202512 0.000 135.071 0.000
202603 0.444 135.071 0.444

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 $2.09 mean?
Proximus (BGAOF) has a E10 of $2.09 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Proximus and its competitors.
Is Proximus' E10 too high?
Proximus' current E10 is $2.09. Overall, Proximus has a GF Score™ of 69/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Proximus' E10 compare to TMUS and VZ?
Proximus' E10 of $2.09 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 Proximus and its competitors. Proximus's current E10 is $2.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Proximus stock overvalued right now?
Based on GuruFocus' analysis, Proximus (BGAOF) is currently considered Modestly Overvalued. The stock's GF Value™ is $6.02, compared to a current price of $7.31 — trading 21.4% above its estimated fair value. The current E10 is $2.09. Proximus' overall GF Score™ is 69/100 with 7 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 Proximus (BGAOF), the current E10 is $2.09 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 Proximus (BGAOF) Overvalued in 2026?

Based on GuruFocus' analysis, Proximus stock appears to be overvalued. The current stock price of $7.31 is trading 21.4% above its estimated GF Value™ of $6.02. GuruFocus considers Proximus to be Modestly Overvalued.

Key valuation signals for BGAOF:

  • E10: $2.09
  • GF Value™: $6.02 vs. price of $7.31 (21.4% above fair value)
  • GF Score™: 69/100 with 7 warning signs

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


Proximus Business Description

Address Boulevard du Roi Albert II, 27 B, Proximus Towers, Brussels, BEL, B-1030
Proximus is the incumbent telecom operator in Belgium. The firm has around 45% share of the broadband market and 30% of the postpaid mobile market, competing with Telenet and Orange. Proximus is rolling out fiber to the home in Belgium and expects to have 95% of the country covered by 2032. Its international carrier services division, BICS, is one of the four largest in the world, serving more than 250 operators, which was strengthened with the acquisition of Telesign.
69GF Score

Get the complete analysis for BGAOF

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

$7.31
Price
$6.02
GF Value