Americanas (BSP:AMER3) E10: R$-349.29 (As of Mar. 2026)


BSP:AMER3 Americanas SA BSP:AMER3
43 GF Score
Price R$4.02
GF Value R$2.99
Valuation Significantly Overvalued
! 3 Warning Signs
View Full Analysis

What is Americanas E10?

Americanas BSP:AMER3 -0.74% 43 E10 is R$-349.29 as of Mar. 2026. GuruFocus rates BSP:AMER3 with a GF Score™ of 43/100 and a GF Value™ of R$2.99 (Significantly Overvalued). 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.

Americanas's adjusted earnings per share data for the three months ended in Mar. 2026 was R$-1.940. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is R$-349.29 for the trailing ten years ended in Mar. 2026.

During the past 3 years, the average E10 Growth Rate was -2.60% per year. During the past 5 years, the average E10 Growth Rate was -22.00% 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 Americanas was -2.60% per year. The lowest was -44.10% per year. And the median was -32.80% per year.

As of today (2026-06-27), Americanas's current stock price is R$4.02. Americanas's E10 for the quarter that ended in Mar. 2026 was R$-349.29. Americanas's Shiller PE Ratio of today is .


Americanas  (BSP:AMER3) 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.


Be Aware

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


Americanas E10 Related Terms


Americanas E10 Historical Data

* Premium members only.

The historical data trend for Americanas'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.

Americanas E10 Chart

Americanas 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 -208.95 -324.62 -349.33 -361.01 -350.43

Americanas 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 -365.57 -363.82 -358.12 -350.43 -349.29

BSP:AMER3 vs AMZN, BABA, PDD: E10 Comparison

For the Internet Retail subindustry, Americanas'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.


Americanas Shiller PE Ratio vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Americanas's Shiller PE Ratio distribution charts can be found below:

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


BSP:AMER3
43GF Score
Americanas SA BSP:AMER3
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Americanas 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, Americanas'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)
=-1.94/175.0655*175.0655
=-1.940

Current CPI (Mar. 2026) = 175.0655.

Americanas Quarterly Data

per share eps CPI Adj_EPS
201606 -39.423 108.851 -63.404
201609 -45.421 109.986 -72.297
201612 -28.568 110.802 -45.137
201703 -50.562 111.869 -79.125
201706 -26.892 112.115 -41.992
201709 -16.077 112.777 -24.957
201712 -7.531 114.068 -11.558
201803 -24.886 114.868 -37.928
201806 -23.471 117.038 -35.108
201809 -18.705 117.881 -27.779
201812 -19.546 118.340 -28.915
201903 -30.181 120.124 -43.985
201906 -27.654 120.977 -40.018
201909 -22.234 121.292 -32.091
201912 12.730 123.436 18.055
202003 -20.517 124.092 -28.945
202006 -14.142 123.557 -20.038
202009 -7.986 125.095 -11.176
202012 2.777 129.012 3.768
202103 -29.220 131.660 -38.853
202106 -2.523 133.871 -3.299
202109 26.653 137.913 33.833
202112 -840.030 141.992 -1,035.691
202203 -0.260 146.537 -0.311
202206 -193.488 149.784 -226.147
202209 -218.766 147.800 -259.124
202212 -796.989 150.207 -928.888
202303 -215.280 153.352 -245.761
202306 -139.420 154.519 -157.959
202309 -180.600 155.464 -203.371
202312 283.740 157.148 316.091
202403 50.200 159.372 55.143
202406 -206.643 161.052 -224.624
202409 53.000 162.342 57.154
202412 -2.926 164.740 -3.109
202503 -4.370 168.102 -4.551
202506 -0.489 169.670 -0.505
202509 1.840 170.739 1.887
202512 -0.220 171.765 -0.224
202603 -1.940 175.066 -1.940

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$-349.29 mean?
Americanas (BSP:AMER3) has a E10 of R$-349.29 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Americanas and its competitors.
Is Americanas' E10 too high?
Americanas' current E10 is R$-349.29. Overall, Americanas has a GF Score™ of 43/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Americanas' E10 compare to AMZN and BABA?
Americanas' E10 of R$-349.29 can be compared against companies in the Retail - Cyclical 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 Retail - Cyclical company?
A good E10 depends on the Retail - Cyclical 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 Americanas and its competitors. Americanas's current E10 is R$-349.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Americanas stock overvalued right now?
Based on GuruFocus' analysis, Americanas (BSP:AMER3) is currently considered Significantly Overvalued. The stock's GF Value™ is R$2.99, compared to a current price of R$4.02 — trading 34.4% above its estimated fair value. The current E10 is R$-349.29. Americanas' overall GF Score™ is 43/100 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 Americanas (BSP:AMER3), the current E10 is R$-349.29 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 Americanas (BSP:AMER3) Overvalued in 2026?

Based on GuruFocus' analysis, Americanas stock appears to be overvalued. The current stock price of R$4.02 is trading 34.4% above its estimated GF Value™ of R$2.99. GuruFocus considers Americanas to be Significantly Overvalued.

Key valuation signals for BSP:AMER3:

  • E10: R$-349.29
  • GF Value™: R$2.99 vs. price of R$4.02 (34.4% above fair value)
  • GF Score™: 43/100 with 3 warning signs

No single metric tells the full story. See the BSP:AMER3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Americanas Business Description

Address Rua Sacadura Cabral, 102, Rio de Janeiro, RJ, BRA, 20081-902
Americanas SA is an e-commerce company that is principally engaged in business in Latin America. It aims to connect consumers, businesses, products, and services through a digital platform. It operates a business through the brands Americanas.com, Submarino, Shoptime, SouBarato, Digital Finance, Submarino Finance, and B2W Services. It also has certain channels, including the Internet, telesales, catalogs, TV, and kiosks. Through multichannel and multi-brand, the company provides a broad range of merchandise and services, including consumer electronics, computers, books, entertainment products, and smartphones and cellphones.
43GF Score

Get the complete analysis for BSP:AMER3

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

R$4.02
Price
R$2.99
GF Value