Azzas 2154 (BSP:AZZA3) E10: R$3.45 (As of Mar. 2026)


BSP:AZZA3 Azzas 2154 SA BSP:AZZA3
76 GF Score
Price R$17.45
GF Value R$50.86
Valuation Possible Value Trap
! 10 Warning Signs
View Full Analysis

What is Azzas 2154 E10?

Azzas 2154 BSP:AZZA3 +1.81% 76 E10 is R$3.45 as of Mar. 2026. GuruFocus rates BSP:AZZA3 with a GF Score™ of 76/100 and a GF Value™ of R$50.86 (Possible Value Trap). The stock has 10 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.

Azzas 2154's adjusted earnings per share data for the three months ended in Mar. 2026 was R$0.190. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is R$3.45 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Azzas 2154's average E10 Growth Rate was 12.70% per year. During the past 3 years, the average E10 Growth Rate was 10.80% per year. During the past 5 years, the average E10 Growth Rate was 14.30% 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 Azzas 2154 was 18.80% per year. The lowest was 10.80% per year. And the median was 12.05% per year.

As of today (2026-07-07), Azzas 2154's current stock price is R$17.45. Azzas 2154's E10 for the quarter that ended in Mar. 2026 was R$3.45. Azzas 2154's Shiller PE Ratio of today is 5.06.

During the past 13 years, the highest Shiller PE Ratio of Azzas 2154 was 56.45. The lowest was 4.96. And the median was 28.13.


Azzas 2154  (BSP:AZZA3) 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.

Azzas 2154's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=17.45/3.45
=5.06

* 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 Azzas 2154 was 56.45. The lowest was 4.96. And the median was 28.13.


Be Aware

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


Azzas 2154 E10 Related Terms


Azzas 2154 E10 Historical Data

* Premium members only.

The historical data trend for Azzas 2154'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.

Azzas 2154 E10 Chart

Azzas 2154 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 2.18 2.50 2.75 2.98 3.40

Azzas 2154 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 3.06 3.30 3.39 3.40 3.45

BSP:AZZA3 vs NKE, DECK, ONON: E10 Comparison

For the Footwear & Accessories subindustry, Azzas 2154'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.


Azzas 2154 Shiller PE Ratio vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Azzas 2154's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Azzas 2154's Shiller PE Ratio falls into.


BSP:AZZA3
76GF Score
Azzas 2154 SA BSP:AZZA3
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Azzas 2154 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, Azzas 2154'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)
=0.19/175.0655*175.0655
=0.190

Current CPI (Mar. 2026) = 175.0655.

Azzas 2154 Quarterly Data

per share eps CPI Adj_EPS
201606 0.340 108.851 0.547
201609 0.398 109.986 0.633
201612 0.399 110.802 0.630
201703 0.248 111.869 0.388
201706 0.438 112.115 0.684
201709 0.419 112.777 0.650
201712 0.613 114.068 0.941
201803 0.301 114.868 0.459
201806 0.364 117.038 0.544
201809 0.432 117.881 0.642
201812 0.468 118.340 0.692
201903 0.255 120.124 0.372
201906 0.438 120.977 0.634
201909 0.440 121.292 0.635
201912 0.636 123.436 0.902
202003 0.285 124.092 0.402
202006 -0.906 123.557 -1.284
202009 0.307 125.095 0.430
202012 0.841 129.012 1.141
202103 0.298 131.660 0.396
202106 1.345 133.871 1.759
202109 0.000 137.913 0.000
202112 3.381 141.992 4.169
202203 0.901 146.537 1.076
202206 1.092 149.784 1.276
202209 0.900 147.800 1.066
202212 0.924 150.207 1.077
202303 0.559 153.352 0.638
202306 0.890 154.519 1.008
202309 1.031 155.464 1.161
202312 1.062 157.148 1.183
202403 0.643 159.372 0.706
202406 1.168 161.052 1.270
202409 1.674 162.342 1.805
202412 -0.329 164.740 -0.350
202503 0.566 168.102 0.589
202506 2.607 169.670 2.690
202509 1.426 170.739 1.462
202512 0.450 171.765 0.459
202603 0.190 175.066 0.190

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$3.45 mean?
Azzas 2154 (BSP:AZZA3) has a E10 of R$3.45 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Azzas 2154 and its competitors.
Is Azzas 2154's E10 too high?
Azzas 2154's current E10 is R$3.45. Overall, Azzas 2154 has a GF Score™ of 76/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Azzas 2154's E10 compare to NKE and DECK?
Azzas 2154's E10 of R$3.45 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 Azzas 2154 and its competitors. Azzas 2154's current E10 is R$3.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Azzas 2154 stock overvalued right now?
Based on GuruFocus' analysis, Azzas 2154 (BSP:AZZA3) is currently considered Possible Value Trap. The stock's GF Value™ is R$50.86, compared to a current price of R$17.45 — trading 65.7% below its estimated fair value. The current E10 is R$3.45. Azzas 2154's overall GF Score™ is 76/100 with 10 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 Azzas 2154 (BSP:AZZA3), the current E10 is R$3.45 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 Azzas 2154 (BSP:AZZA3) Overvalued in 2026?

Based on GuruFocus' analysis, Azzas 2154 stock appears to be undervalued. The current stock price of R$17.45 is trading 65.7% below its estimated GF Value™ of R$50.86. GuruFocus considers Azzas 2154 to be Possible Value Trap.

Key valuation signals for BSP:AZZA3:

  • E10: R$3.45
  • GF Value™: R$50.86 vs. price of R$17.45 (65.7% below fair value)
  • GF Score™: 76/100 with 10 warning signs

No single metric tells the full story. See the BSP:AZZA3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Azzas 2154 Business Description

Address Rua Fernandes Tourinho, 147 - sala 402, Rooms 1301 and 130, Belo Horizonte, MG, BRA, 30112000
Azzas 2154 SA, along with its subsidiaries, is engaged in the manufacturing, development, modeling and retail and wholesale trade of footwear, handbags, accessories and clothing for the women's, men's and democratic markets, particularly the women's market. The company also operates an online sales channel that makes available products of the brands Arezzo, Schutz, Anacapri, Alexandre Birman, Vans, Vicenza, Farm Rio, Animale, NV, Cris Barros, Maria Filó, Carol Bassi, Fábula, Off Premium, Reserva, Oficina, Foxton, Reserva Mini, Reserva Go, Reserva Ink, Hering, Hering Kids, Hering Sports, Hering Shoes and Hering Intimates. The majority of the company's revenue is derived from the sales of its products.
76GF Score

Get the complete analysis for BSP:AZZA3

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

R$17.45
Price
R$50.86
GF Value