Bermas (BSE:BRM) E10: lei0.08 (As of Mar. 2026)

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Director of Data and Quant Analytics at GuruFocus
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BSE:BRM Bermas SA BSE:BRM
72 GF Score
Price lei2.26
GF Value lei3.04
Valuation Modestly Undervalued
! 3 Warning Signs
View Full Analysis

What is Bermas E10?

Bermas BSE:BRM 72 E10 is lei0.08 as of Mar. 2026. GuruFocus rates BSE:BRM with a GF Score™ of 72/100 and a GF Value™ of lei3.04 (Modestly Undervalued). The stock has 3 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.

Bermas's adjusted earnings per share data for the three months ended in Mar. 2026 was lei-0.122. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is lei0.08 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Bermas's average E10 Growth Rate was -11.10% per year. During the past 3 years, the average E10 Growth Rate was 4.00% per year. During the past 5 years, the average E10 Growth Rate was 2.70% 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 Bermas was 4.00% per year. The lowest was 0.00% per year. And the median was 4.00% per year.

As of today (2026-07-13), Bermas's current stock price is lei2.26. Bermas's E10 for the quarter that ended in Mar. 2026 was lei0.08. Bermas's Shiller PE Ratio of today is 28.25.

During the past 13 years, the highest Shiller PE Ratio of Bermas was 37.75. The lowest was 20.00. And the median was 30.00.


Bermas  (BSE:BRM) 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.

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

Shiller PE Ratio=Share Price/E10
=2.26/0.08
=28.25

* 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 Bermas was 37.75. The lowest was 20.00. And the median was 30.00.


Be Aware

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


Bermas E10 Related Terms


Bermas E10 Historical Data

* Premium members only.

The historical data trend for Bermas'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.

Bermas E10 Chart

Bermas 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 0.08 0.08 0.08 0.09 0.09

Bermas 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 0.09 0.09 0.09 0.09 0.08

BSE:BRM vs BUD, STZ, TAP: E10 Comparison

For the Beverages - Brewers subindustry, Bermas'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.


Bermas Shiller PE Ratio vs Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Bermas's Shiller PE Ratio distribution charts can be found below:

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


BSE:BRM
72GF Score
Bermas SA BSE:BRM
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Bermas 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, Bermas'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)
=-0.122/330.2130*330.2130
=-0.122

Current CPI (Mar. 2026) = 330.2130.

Bermas Quarterly Data

per share eps CPI Adj_EPS
201606 0.069 241.018 0.095
201609 0.084 241.428 0.115
201612 -0.045 241.432 -0.062
201703 -0.039 243.801 -0.053
201706 0.076 244.955 0.102
201709 0.093 246.819 0.124
201712 -0.048 246.524 -0.064
201803 -0.049 249.554 -0.065
201806 0.086 251.989 0.113
201809 0.094 252.439 0.123
201812 -0.055 251.233 -0.072
201903 -0.053 254.202 -0.069
201906 0.083 256.143 0.107
201909 0.117 256.759 0.150
201912 -0.059 256.974 -0.076
202003 -0.068 258.115 -0.087
202006 0.039 257.797 0.050
202009 0.178 260.280 0.226
202012 -0.072 260.474 -0.091
202103 -0.059 264.877 -0.074
202106 0.068 271.696 0.083
202109 0.102 274.310 0.123
202112 -0.034 278.802 -0.040
202203 -0.085 287.504 -0.098
202206 0.077 296.311 0.086
202209 0.064 296.808 0.071
202212 0.012 296.797 0.013
202303 -0.087 301.836 -0.095
202306 0.066 305.109 0.071
202309 0.089 307.789 0.095
202312 -0.015 306.746 -0.016
202403 -0.114 312.332 -0.121
202406 0.103 314.175 0.108
202409 0.134 315.301 0.140
202412 -0.048 315.605 -0.050
202503 -0.105 319.799 -0.108
202506 0.098 322.561 0.100
202509 0.121 324.800 0.123
202512 -0.049 324.054 -0.050
202603 -0.122 330.213 -0.122

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 lei0.08 mean?
Bermas (BSE:BRM) has a E10 of lei0.08 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Bermas and its competitors.
Is Bermas' E10 too high?
Bermas' current E10 is lei0.08. Overall, Bermas has a GF Score™ of 72/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Bermas' E10 compare to BUD and STZ?
Bermas' E10 of lei0.08 can be compared against companies in the Beverages - Alcoholic 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 Beverages - Alcoholic company?
A good E10 depends on the Beverages - Alcoholic 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 Bermas and its competitors. Bermas's current E10 is lei0.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bermas stock overvalued right now?
Based on GuruFocus' analysis, Bermas (BSE:BRM) is currently considered Modestly Undervalued. The stock's GF Value™ is lei3.04, compared to a current price of lei2.26 — trading 25.7% below its estimated fair value. The current E10 is lei0.08. Bermas' overall GF Score™ is 72/100 with 3 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 Bermas (BSE:BRM), the current E10 is lei0.08 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 Bermas (BSE:BRM) Overvalued in 2026?

Based on GuruFocus' analysis, Bermas stock appears to be undervalued. The current stock price of lei2.26 is trading 25.7% below its estimated GF Value™ of lei3.04. GuruFocus considers Bermas to be Modestly Undervalued.

Key valuation signals for BSE:BRM:

  • E10: lei0.08
  • GF Value™: lei3.04 vs. price of lei2.26 (25.7% below fair value)
  • GF Score™: 72/100 with 3 warning signs

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


Bermas Business Description

Address Strada Humorului nr. 61, Scheia, Suceava, ROU, 723636
Bermas SA is a company whose activity consists of the production and marketing of beer, malt, and other alcoholic and soft drinks, as well as derivatives and by-products resulting from manufacturing and services rendered to third parties. Its product portfolio comprises Suceava Clasic, Bere Calimani, Bere Bermas, and Bere Solca.
72GF Score

Get the complete analysis for BSE:BRM

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

lei2.26
Price
lei3.04
GF Value