Mondelez International (BSP:MDLZ34) E10: R$7.50 (As of Mar. 2026)


BSP:MDLZ34 Mondelez International Inc BSP:MDLZ34
76 GF Score
Price R$156.90
GF Value R$195.41
Valuation Modestly Undervalued
! 7 Warning Signs
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What is Mondelez International E10?

Mondelez International BSP:MDLZ34 +3.70% 76 E10 is R$7.50 as of Mar. 2026. GuruFocus rates BSP:MDLZ34 with a GF Score™ of 76/100 and a GF Value™ of R$195.41 (Modestly Undervalued). The stock has 7 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.

Mondelez International's adjusted earnings per share data for the three months ended in Mar. 2026 was R$1.151. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is R$7.50 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Mondelez International's average E10 Growth Rate was -10.00% per year. During the past 3 years, the average E10 Growth Rate was 1.20% per year. During the past 5 years, the average E10 Growth Rate was 4.60% per year. During the past 10 years, the average E10 Growth Rate was 3.50% 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 Mondelez International was 7.10% per year. The lowest was -1.40% per year. And the median was 2.50% per year.

As of today (2026-07-03), Mondelez International's current stock price is R$156.90. Mondelez International's E10 for the quarter that ended in Mar. 2026 was R$7.50. Mondelez International's Shiller PE Ratio of today is 20.92.

During the past 13 years, the highest Shiller PE Ratio of Mondelez International was 26.86. The lowest was 16.91. And the median was 22.07.


Mondelez International  (BSP:MDLZ34) 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.

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

Shiller PE Ratio=Share Price/E10
=156.90/7.50
=20.92

* 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 Mondelez International was 26.86. The lowest was 16.91. And the median was 22.07.


Be Aware

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


Mondelez International E10 Related Terms


Mondelez International E10 Historical Data

* Premium members only.

The historical data trend for Mondelez International'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.

Mondelez International E10 Chart

Mondelez International 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 7.14 7.26 6.98 9.89 7.82

Mondelez International 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 9.18 8.82 7.27 7.82 7.50

BSP:MDLZ34 vs HSY, TR, SOWG: E10 Comparison

For the Confectioners subindustry, Mondelez International'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.


Mondelez International Shiller PE Ratio vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Mondelez International's Shiller PE Ratio distribution charts can be found below:

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


BSP:MDLZ34
76GF Score
Mondelez International Inc BSP:MDLZ34
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Mondelez International 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, Mondelez International'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)
=1.151/330.2130*330.2130
=1.151

Current CPI (Mar. 2026) = 330.2130.

Mondelez International Quarterly Data

per share eps CPI Adj_EPS
201606 0.496 241.018 0.680
201609 0.569 241.428 0.778
201612 0.101 241.432 0.138
201703 0.641 243.801 0.868
201706 0.527 244.955 0.710
201709 1.002 246.819 1.341
201712 0.873 246.524 1.169
201803 1.148 249.554 1.519
201806 0.396 251.989 0.519
201809 1.664 252.439 2.177
201812 1.087 251.233 1.429
201903 1.210 254.202 1.572
201906 1.060 256.143 1.367
201909 2.019 256.759 2.597
201912 1.026 256.974 1.318
202003 1.246 258.115 1.594
202006 0.986 257.797 1.263
202009 2.106 260.280 2.672
202012 2.058 260.474 2.609
202103 1.916 264.877 2.389
202106 1.911 271.696 2.323
202109 2.349 274.310 2.828
202112 2.007 278.802 2.377
202203 1.518 287.504 1.744
202206 1.363 296.311 1.519
202209 1.023 296.808 1.138
202212 1.102 296.797 1.226
202303 3.959 301.836 4.331
202306 1.675 305.109 1.813
202309 1.778 307.789 1.908
202312 1.715 306.746 1.846
202403 2.589 312.332 2.737
202406 1.212 314.175 1.274
202409 1.744 315.301 1.826
202412 3.966 315.605 4.150
202503 0.893 319.799 0.922
202506 1.359 322.561 1.391
202509 1.528 324.800 1.553
202512 1.391 324.054 1.417
202603 1.151 330.213 1.151

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$7.50 mean?
Mondelez International (BSP:MDLZ34) has a E10 of R$7.50 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Mondelez International and its competitors.
Is Mondelez International's E10 too high?
Mondelez International's current E10 is R$7.50. Overall, Mondelez International has a GF Score™ of 76/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Mondelez International's E10 compare to HSY and TR?
Mondelez International's E10 of R$7.50 can be compared against companies in the Consumer Packaged Goods 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 Consumer Packaged Goods company?
A good E10 depends on the Consumer Packaged Goods 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 Mondelez International and its competitors. Mondelez International's current E10 is R$7.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mondelez International stock overvalued right now?
Based on GuruFocus' analysis, Mondelez International (BSP:MDLZ34) is currently considered Modestly Undervalued. The stock's GF Value™ is R$195.41, compared to a current price of R$156.90 — trading 19.7% below its estimated fair value. The current E10 is R$7.50. Mondelez International's overall GF Score™ is 76/100 with 7 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 Mondelez International (BSP:MDLZ34), the current E10 is R$7.50 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 Mondelez International (BSP:MDLZ34) Overvalued in 2026?

Based on GuruFocus' analysis, Mondelez International stock appears to be undervalued. The current stock price of R$156.90 is trading 19.7% below its estimated GF Value™ of R$195.41. GuruFocus considers Mondelez International to be Modestly Undervalued.

Key valuation signals for BSP:MDLZ34:

  • E10: R$7.50
  • GF Value™: R$195.41 vs. price of R$156.90 (19.7% below fair value)
  • GF Score™: 76/100 with 7 warning signs

No single metric tells the full story. See the BSP:MDLZ34 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Mondelez International Business Description

Address 905 West Fulton Market, Suite 200, Chicago, IL, USA, 60607
Mondelez has operated independently since its split from the former Kraft Foods North American grocery business in October 2012. The firm is a leading player in the global snack enclave with a presence in the biscuit (48% of sales as of the end of fiscal 2025), chocolate (33%), gum/candy (10%), beverage (3%), and cheese and grocery (6%) aisles. Mondelez's portfolio includes well-known brands like Oreo, Chips Ahoy, Halls, and Cadbury. The firm derives around one-third of its revenue from developing markets, around 40% from Europe, and more than one-fourth from North America.
76GF Score

Get the complete analysis for BSP:MDLZ34

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

R$156.90
Price
R$195.41
GF Value