Companhia de Eletricidade do Estado da Bahia – Coelba (BSP:CEEB3) E10: R$7.35 (As of Mar. 2026)


BSP:CEEB3 Companhia de Eletricidade do Estado da Bahia – Coelba BSP:CEEB3
76 GF Score
Price R$45.11
GF Value R$46.32
Valuation Fairly Valued
! 6 Warning Signs
View Full Analysis

What is Companhia de Eletricidade do Estado da Bahia – Coelba E10?

Companhia de Eletricidade do Estado da Bahia – Coelba BSP:CEEB3 +0.13% 76 E10 is R$7.35 as of Mar. 2026. GuruFocus rates BSP:CEEB3 with a GF Score™ of 76/100 and a GF Value™ of R$46.32 (Fairly Valued). The stock has 6 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.

Companhia de Eletricidade do Estado da Bahia – Coelba's adjusted earnings per share data for the three months ended in Mar. 2026 was R$18.000. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is R$7.35 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Companhia de Eletricidade do Estado da Bahia – Coelba's average E10 Growth Rate was 44.10% per year. During the past 3 years, the average E10 Growth Rate was 11.00% per year. During the past 5 years, the average E10 Growth Rate was 9.10% 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 Companhia de Eletricidade do Estado da Bahia – Coelba was 11.00% per year. The lowest was -0.30% per year. And the median was 7.70% per year.

As of today (2026-06-24), Companhia de Eletricidade do Estado da Bahia – Coelba's current stock price is R$45.11. Companhia de Eletricidade do Estado da Bahia – Coelba's E10 for the quarter that ended in Mar. 2026 was R$7.35. Companhia de Eletricidade do Estado da Bahia – Coelba's Shiller PE Ratio of today is 6.14.

During the past 13 years, the highest Shiller PE Ratio of Companhia de Eletricidade do Estado da Bahia – Coelba was 13.93. The lowest was 6.23. And the median was 8.96.


Companhia de Eletricidade do Estado da Bahia – Coelba  (BSP:CEEB3) 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.

Companhia de Eletricidade do Estado da Bahia – Coelba's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=45.11/7.35
=6.14

* 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 Companhia de Eletricidade do Estado da Bahia – Coelba was 13.93. The lowest was 6.23. And the median was 8.96.


Be Aware

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


Companhia de Eletricidade do Estado da Bahia – Coelba E10 Related Terms


Companhia de Eletricidade do Estado da Bahia – Coelba E10 Historical Data

* Premium members only.

The historical data trend for Companhia de Eletricidade do Estado da Bahia – Coelba'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.

Companhia de Eletricidade do Estado da Bahia – Coelba E10 Chart

Companhia de Eletricidade do Estado da Bahia – Coelba 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 3.84 4.02 4.42 4.91 5.50

Companhia de Eletricidade do Estado da Bahia – Coelba 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 5.10 5.30 5.40 5.50 7.35

BSP:CEEB3 vs NEE, SO, DUK: E10 Comparison

For the Utilities - Regulated Electric subindustry, Companhia de Eletricidade do Estado da Bahia – Coelba'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.


Companhia de Eletricidade do Estado da Bahia – Coelba Shiller PE Ratio vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Companhia de Eletricidade do Estado da Bahia – Coelba's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Companhia de Eletricidade do Estado da Bahia – Coelba's Shiller PE Ratio falls into.


BSP:CEEB3
76GF Score
Companhia de Eletricidade do Estado da Bahia – Coelba BSP:CEEB3
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Companhia de Eletricidade do Estado da Bahia – Coelba 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, Companhia de Eletricidade do Estado da Bahia – Coelba'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)
=18/175.0655*175.0655
=18.000

Current CPI (Mar. 2026) = 175.0655.

Companhia de Eletricidade do Estado da Bahia – Coelba Quarterly Data

per share eps CPI Adj_EPS
201606 0.523 108.851 0.841
201609 0.118 109.986 0.188
201612 0.431 110.802 0.681
201703 0.420 111.869 0.657
201706 0.330 112.115 0.515
201709 -0.083 112.777 -0.129
201712 0.318 114.068 0.488
201803 0.230 114.868 0.351
201806 0.730 117.038 1.092
201809 0.940 117.881 1.396
201812 0.770 118.340 1.139
201903 0.850 120.124 1.239
201906 1.090 120.977 1.577
201909 0.770 121.292 1.111
201912 1.020 123.436 1.447
202003 1.030 124.092 1.453
202006 0.650 123.557 0.921
202009 1.140 125.095 1.595
202012 1.690 129.012 2.293
202103 1.250 131.660 1.662
202106 1.550 133.871 2.027
202109 1.780 137.913 2.260
202112 1.590 141.992 1.960
202203 1.920 146.537 2.294
202206 1.730 149.784 2.022
202209 0.744 147.800 0.881
202212 1.298 150.207 1.513
202303 2.110 153.352 2.409
202306 1.590 154.519 1.801
202309 1.030 155.464 1.160
202312 1.954 157.148 2.177
202403 2.060 159.372 2.263
202406 1.280 161.052 1.391
202409 1.122 162.342 1.210
202412 2.192 164.740 2.329
202503 1.800 168.102 1.875
202506 2.670 169.670 2.755
202509 0.942 170.739 0.966
202512 1.675 171.765 1.707
202603 18.000 175.066 18.000

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$7.35 mean?
Companhia de Eletricidade do Estado da Bahia – Coelba (BSP:CEEB3) has a E10 of R$7.35 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Companhia de Eletricidade do Estado da Bahia – Coelba and its competitors.
Is Companhia de Eletricidade do Estado da Bahia – Coelba's E10 too high?
Companhia de Eletricidade do Estado da Bahia – Coelba's current E10 is R$7.35. Overall, Companhia de Eletricidade do Estado da Bahia – Coelba has a GF Score™ of 76/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Companhia de Eletricidade do Estado da Bahia – Coelba's E10 compare to NEE and SO?
Companhia de Eletricidade do Estado da Bahia – Coelba's E10 of R$7.35 can be compared against companies in the Utilities - Regulated 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 an Utilities - Regulated company?
A good E10 depends on the Utilities - Regulated 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 Companhia de Eletricidade do Estado da Bahia – Coelba and its competitors. Companhia de Eletricidade do Estado da Bahia – Coelba's current E10 is R$7.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Companhia de Eletricidade do Estado da Bahia – Coelba stock overvalued right now?
Based on GuruFocus' analysis, Companhia de Eletricidade do Estado da Bahia – Coelba (BSP:CEEB3) is currently considered Fairly Valued. The stock's GF Value™ is R$46.32, compared to a current price of R$45.11 — trading 2.6% below its estimated fair value. The current E10 is R$7.35. Companhia de Eletricidade do Estado da Bahia – Coelba's overall GF Score™ is 76/100 with 6 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 Companhia de Eletricidade do Estado da Bahia – Coelba (BSP:CEEB3), the current E10 is R$7.35 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 Companhia de Eletricidade do Estado da Bahia – Coelba (BSP:CEEB3) Overvalued in 2026?

Based on GuruFocus' analysis, Companhia de Eletricidade do Estado da Bahia – Coelba stock appears to be undervalued. The current stock price of R$45.11 is trading 2.6% below its estimated GF Value™ of R$46.32. GuruFocus considers Companhia de Eletricidade do Estado da Bahia – Coelba to be Fairly Valued.

Key valuation signals for BSP:CEEB3:

  • E10: R$7.35
  • GF Value™: R$46.32 vs. price of R$45.11 (2.6% below fair value)
  • GF Score™: 76/100 with 6 warning signs

No single metric tells the full story. See the BSP:CEEB3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Companhia de Eletricidade do Estado da Bahia – Coelba Business Description

Other Exchanges CEEB5:Brazil
Address Av Edgar Santos 300, Bloco A/1 Andar, Salvador, BA, BRA, 41186900
Companhia de Eletricidade do Estado da Bahia - Coelba is a Neoenergia group that distributes electricity.
76GF Score

Get the complete analysis for BSP:CEEB3

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

R$45.11
Price
R$46.32
GF Value