Equatorial MaranhaoDistribuidora de Energia (BSP:EQMA3B) E10: R$5.68 (As of Jun. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BSP:EQMA3B Equatorial MaranhaoDistribuidora de Energia SA BSP:EQMA3B
77 GF Score
Price R$29.11
GF Value R$34.20
Valuation Modestly Undervalued
! 6 Warning Signs
View Full Analysis

What is Equatorial MaranhaoDistribuidora de Energia E10?

Equatorial MaranhaoDistribuidora de Energia BSP:EQMA3B 77 E10 is R$5.68 as of Jun. 2026. GuruFocus rates BSP:EQMA3B with a GF Score™ of 77/100 and a GF Value™ of R$34.20 (Modestly Undervalued). 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.

Equatorial MaranhaoDistribuidora de Energia's adjusted earnings per share data for the three months ended in Jun. 2026 was R$1.531. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is R$5.68 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Equatorial MaranhaoDistribuidora de Energia's average E10 Growth Rate was 6.80% per year. During the past 3 years, the average E10 Growth Rate was 7.90% per year. During the past 5 years, the average E10 Growth Rate was 9.60% 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 Equatorial MaranhaoDistribuidora de Energia was 12.70% per year. The lowest was 7.70% per year. And the median was 10.00% per year.

As of today (2026-08-22), Equatorial MaranhaoDistribuidora de Energia's current stock price is R$29.11. Equatorial MaranhaoDistribuidora de Energia's E10 for the quarter that ended in Jun. 2026 was R$5.68. Equatorial MaranhaoDistribuidora de Energia's Shiller PE Ratio of today is 5.13.

During the past 13 years, the highest Shiller PE Ratio of Equatorial MaranhaoDistribuidora de Energia was 17.92. The lowest was 4.42. And the median was 6.36.


Equatorial MaranhaoDistribuidora de Energia  (BSP:EQMA3B) 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.

Equatorial MaranhaoDistribuidora de Energia's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=29.11/5.68
=5.13

* 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 Equatorial MaranhaoDistribuidora de Energia was 17.92. The lowest was 4.42. And the median was 6.36.


Be Aware

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


Equatorial MaranhaoDistribuidora de Energia E10 Related Terms


Equatorial MaranhaoDistribuidora de Energia E10 Historical Data

* Premium members only.

The historical data trend for Equatorial MaranhaoDistribuidora de Energia'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.

Equatorial MaranhaoDistribuidora de Energia E10 Chart

Equatorial MaranhaoDistribuidora de Energia 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 4.05 4.27 4.73 5.06 5.36

Equatorial MaranhaoDistribuidora de Energia Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 5.32 5.31 5.36 5.55 5.68

BSP:EQMA3B vs NEE, SO, DUK: E10 Comparison

For the Utilities - Regulated Electric subindustry, Equatorial MaranhaoDistribuidora de Energia'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.


Equatorial MaranhaoDistribuidora de Energia Shiller PE Ratio vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Equatorial MaranhaoDistribuidora de Energia's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Equatorial MaranhaoDistribuidora de Energia's Shiller PE Ratio falls into.


BSP:EQMA3B
77GF Score
Equatorial MaranhaoDistribuidora de Energia SA BSP:EQMA3B
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Equatorial MaranhaoDistribuidora de Energia 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, Equatorial MaranhaoDistribuidora de Energia's adjusted earnings per share data for the three months ended in Jun. 2026 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=1.531/177.5443*177.5443
=1.531

Current CPI (Jun. 2026) = 177.5443.

Equatorial MaranhaoDistribuidora de Energia Quarterly Data

per share eps CPI Adj_EPS
201609 0.768 109.986 1.240
201612 0.570 110.802 0.913
201703 0.227 111.869 0.360
201706 0.709 112.115 1.123
201709 1.119 112.777 1.762
201712 0.943 114.068 1.468
201803 0.518 114.868 0.801
201806 0.689 117.038 1.045
201809 0.978 117.881 1.473
201812 1.900 118.340 2.851
201903 0.771 120.124 1.140
201906 1.038 120.977 1.523
201909 0.936 121.292 1.370
201912 1.196 123.436 1.720
202003 0.846 124.092 1.210
202006 0.803 123.557 1.154
202009 1.176 125.095 1.669
202012 1.454 129.012 2.001
202103 1.179 131.660 1.590
202106 1.449 133.871 1.922
202109 1.585 137.913 2.040
202112 2.488 141.992 3.111
202203 0.980 146.537 1.187
202206 0.222 149.784 0.263
202209 0.566 147.800 0.680
202212 2.388 150.207 2.823
202303 0.967 153.352 1.120
202306 1.031 154.519 1.185
202309 1.234 155.464 1.409
202312 1.485 157.148 1.678
202403 0.945 159.372 1.053
202406 0.917 161.052 1.011
202409 1.283 162.342 1.403
202412 1.369 164.740 1.475
202503 0.866 168.102 0.915
202506 1.681 169.670 1.759
202509 0.635 170.739 0.660
202512 1.395 171.765 1.442
202603 1.659 175.066 1.682
202606 1.531 177.544 1.531

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$5.68 mean?
Equatorial MaranhaoDistribuidora de Energia (BSP:EQMA3B) has a E10 of R$5.68 as of Jun. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Equatorial MaranhaoDistribuidora de Energia and its competitors.
Is Equatorial MaranhaoDistribuidora de Energia's E10 too high?
Equatorial MaranhaoDistribuidora de Energia's current E10 is R$5.68. Overall, Equatorial MaranhaoDistribuidora de Energia has a GF Score™ of 77/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Equatorial MaranhaoDistribuidora de Energia's E10 compare to NEE and SO?
Equatorial MaranhaoDistribuidora de Energia's E10 of R$5.68 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 Equatorial MaranhaoDistribuidora de Energia and its competitors. Equatorial MaranhaoDistribuidora de Energia's current E10 is R$5.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Equatorial MaranhaoDistribuidora de Energia stock overvalued right now?
Based on GuruFocus' analysis, Equatorial MaranhaoDistribuidora de Energia (BSP:EQMA3B) is currently considered Modestly Undervalued. The stock's GF Value™ is R$34.20, compared to a current price of R$29.11 — trading 14.9% below its estimated fair value. The current E10 is R$5.68. Equatorial MaranhaoDistribuidora de Energia's overall GF Score™ is 77/100 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 Equatorial MaranhaoDistribuidora de Energia (BSP:EQMA3B), the current E10 is R$5.68 as of Jun. 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 Equatorial MaranhaoDistribuidora de Energia (BSP:EQMA3B) Overvalued in 2026?

Based on GuruFocus' analysis, Equatorial MaranhaoDistribuidora de Energia stock appears to be undervalued. The current stock price of R$29.11 is trading 14.9% below its estimated GF Value™ of R$34.20. GuruFocus considers Equatorial MaranhaoDistribuidora de Energia to be Modestly Undervalued.

Key valuation signals for BSP:EQMA3B:

  • E10: R$5.68
  • GF Value™: R$34.20 vs. price of R$29.11 (14.9% below fair value)
  • GF Score™: 77/100 with 6 warning signs

No single metric tells the full story. See the BSP:EQMA3B stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Equatorial MaranhaoDistribuidora de Energia Business Description

Address Alameda A, Qd SQS, No. 100, Quiteandinha Altos do Calhau, Sao Luis, MA, BRA, 65070-900
Equatorial MaranhaoDistribuidora de Energia SA develops, produces and generates electric power. The company distributes electric energy for residential, commercial, rural and industrial consumption, corporate, real estate, and public power customers in Brazil.
77GF Score

Get the complete analysis for BSP:EQMA3B

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

R$29.11
Price
R$34.20
GF Value