Alpargatas (BSP:ALPA3) E10: R$2,669.16 (As of Mar. 2026)


BSP:ALPA3 Alpargatas SA BSP:ALPA3
71 GF Score
Price R$9.75
GF Value R$8.21
Valuation Modestly Overvalued
! 2 Warning Signs
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What is Alpargatas E10?

Alpargatas BSP:ALPA3 -3.08% 71 E10 is R$2,669.16 as of Mar. 2026. GuruFocus rates BSP:ALPA3 with a GF Score™ of 71/100 and a GF Value™ of R$8.21 (Modestly Overvalued). The stock has 2 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.

Alpargatas's adjusted earnings per share data for the three months ended in Mar. 2026 was R$0.222. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is R$2,669.16 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Alpargatas's average E10 Growth Rate was 4.10% per year. During the past 3 years, the average E10 Growth Rate was 4.60% per year. During the past 5 years, the average E10 Growth Rate was 560.20% 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 Alpargatas was 1452.80% per year. The lowest was 4.60% per year. And the median was 704.80% per year.

As of today (2026-06-26), Alpargatas's current stock price is R$9.75. Alpargatas's E10 for the quarter that ended in Mar. 2026 was R$2,669.16. Alpargatas's Shiller PE Ratio of today is 0.00.

During the past 13 years, the highest Shiller PE Ratio of Alpargatas was 106.58. The lowest was 0.01. And the median was 29.79.


Alpargatas  (BSP:ALPA3) 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.

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

Shiller PE Ratio=Share Price/E10
=9.75/2669.16
=0.00

* 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 Alpargatas was 106.58. The lowest was 0.01. And the median was 29.79.


Be Aware

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


Alpargatas E10 Related Terms


Alpargatas E10 Historical Data

* Premium members only.

The historical data trend for Alpargatas'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.

Alpargatas E10 Chart

Alpargatas 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 0.73 2,290.61 2,396.05 2,511.74 2,618.85

Alpargatas 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 2,562.98 2,586.89 2,603.19 2,618.85 2,669.16

BSP:ALPA3 vs NKE, DECK, ONON: E10 Comparison

For the Footwear & Accessories subindustry, Alpargatas'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.


Alpargatas Shiller PE Ratio vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Alpargatas's Shiller PE Ratio distribution charts can be found below:

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


BSP:ALPA3
71GF Score
Alpargatas SA BSP:ALPA3
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Alpargatas 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, Alpargatas'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)
=0.222/175.0655*175.0655
=0.222

Current CPI (Mar. 2026) = 175.0655.

Alpargatas Quarterly Data

per share eps CPI Adj_EPS
201606 0.104 108.851 0.167
201609 0.147 109.986 0.234
201612 0.177 110.802 0.280
201703 0.321 111.869 0.502
201706 0.097 112.115 0.151
201709 0.127 112.777 0.197
201712 0.092 114.068 0.141
201803 0.197 114.868 0.300
201806 0.039 117.038 0.058
201809 0.209 117.881 0.310
201812 0.111 118.340 0.164
201903 0.075 120.124 0.109
201906 0.058 120.977 0.084
201909 0.115 121.292 0.166
201912 0.159 123.436 0.226
202003 0.081 124.092 0.114
202006 0.094 123.557 0.133
202009 0.009 125.095 0.013
202012 0.060 129.012 0.081
202103 0.219 131.660 0.291
202106 0.170 133.871 0.222
202109 0.270 137.913 0.343
202112 0.508 141.992 0.626
202203 0.103 146.537 0.123
202206 0.090 149.784 0.105
202209 22,532.000 147.800 26,688.677
202212 -0.031 150.207 -0.036
202303 -0.592 153.352 -0.676
202306 -0.074 154.519 -0.084
202309 -0.012 155.464 -0.014
202312 -2.379 157.148 -2.650
202403 0.035 159.372 0.038
202406 0.033 161.052 0.036
202409 0.079 162.342 0.085
202412 0.002 164.740 0.002
202503 0.155 168.102 0.161
202506 0.123 169.670 0.127
202509 0.235 170.739 0.241
202512 0.276 171.765 0.281
202603 0.222 175.066 0.222

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 R$2,669.16 mean?
Alpargatas (BSP:ALPA3) has a E10 of R$2,669.16 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Alpargatas and its competitors.
Is Alpargatas' E10 too high?
Alpargatas' current E10 is R$2,669.16. Overall, Alpargatas has a GF Score™ of 71/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Alpargatas' E10 compare to NKE and DECK?
Alpargatas' E10 of R$2,669.16 can be compared against companies in the Manufacturing - Apparel & Accessories 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 Manufacturing - Apparel & Accessories company?
A good E10 depends on the Manufacturing - Apparel & Accessories 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 Alpargatas and its competitors. Alpargatas's current E10 is R$2,669.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Alpargatas stock overvalued right now?
Based on GuruFocus' analysis, Alpargatas (BSP:ALPA3) is currently considered Modestly Overvalued. The stock's GF Value™ is R$8.21, compared to a current price of R$9.75 — trading 18.8% above its estimated fair value. The current E10 is R$2,669.16. Alpargatas' overall GF Score™ is 71/100 with 2 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 Alpargatas (BSP:ALPA3), the current E10 is R$2,669.16 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 Alpargatas (BSP:ALPA3) Overvalued in 2026?

Based on GuruFocus' analysis, Alpargatas stock appears to be overvalued. The current stock price of R$9.75 is trading 18.8% above its estimated GF Value™ of R$8.21. GuruFocus considers Alpargatas to be Modestly Overvalued.

Key valuation signals for BSP:ALPA3:

  • E10: R$2,669.16
  • GF Value™: R$8.21 vs. price of R$9.75 (18.8% above fair value)
  • GF Score™: 71/100 with 2 warning signs

No single metric tells the full story. See the BSP:ALPA3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Alpargatas Business Description

Other Exchanges ALPA4:Brazil
Address United Nations Avenue, Vila Gertrudes, 14.261, Sao Paulo, SP, BRA, 04794-00
Alpargatas SA primarily manufactures footwear, apparel, and sports items. Brands the company owns or manufactures under license include Havaianas, dupe, Osklen, Mizuno, Megga, and Sete Leguas. Alpargatas reaches consumers through third-party retailers and through its own retail stores. Most of the company's sales are in Brazil and Argentina, with sales in Brazil accounting for more than half of the company's total sales. Remaining revenue is generated by the company's subsidiaries in Europe and the United States, and through direct exports.
71GF Score

Get the complete analysis for BSP:ALPA3

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

R$9.75
Price
R$8.21
GF Value