PagSeguro Digital (BSP:PAGS34) E10: R$1.09 (As of Mar. 2026)


BSP:PAGS34 PagSeguro Digital Ltd BSP:PAGS34
88 GF Score
Price R$9.19
GF Value R$12.03
Valuation Modestly Undervalued
! 4 Warning Signs
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What is PagSeguro Digital E10?

PagSeguro Digital BSP:PAGS34 +0.66% 88 E10 is R$1.09 as of Mar. 2026. GuruFocus rates BSP:PAGS34 with a GF Score™ of 88/100 and a GF Value™ of R$12.03 (Modestly Undervalued). The stock has 4 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.

PagSeguro Digital's adjusted earnings per share data for the three months ended in Mar. 2026 was R$0.386. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is R$1.09 for the trailing ten years ended in Mar. 2026.

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.

As of today (2026-06-30), PagSeguro Digital's current stock price is R$9.19. PagSeguro Digital's E10 for the quarter that ended in Mar. 2026 was R$1.09. PagSeguro Digital's Shiller PE Ratio of today is 8.43.

During the past 12 years, the highest Shiller PE Ratio of PagSeguro Digital was 10.72. The lowest was 8.12. And the median was 8.90.


PagSeguro Digital  (BSP:PAGS34) 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.

PagSeguro Digital's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=9.19/1.09
=8.43

* 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 12 years, the highest Shiller P/E Ratio of PagSeguro Digital was 10.72. The lowest was 8.12. And the median was 8.90.


Be Aware

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


PagSeguro Digital E10 Related Terms


PagSeguro Digital E10 Historical Data

* Premium members only.

The historical data trend for PagSeguro Digital'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.

PagSeguro Digital E10 Chart

PagSeguro Digital 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 0.00 0.00 0.00 0.00 0.00

PagSeguro Digital 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 0.00 0.00 0.00 0.00 1.09

BSP:PAGS34 vs ATEN, PAYO, STNE: E10 Comparison

For the Software - Infrastructure subindustry, PagSeguro Digital'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.


PagSeguro Digital Shiller PE Ratio vs Software Industry

For the Software industry and Technology sector, PagSeguro Digital's Shiller PE Ratio distribution charts can be found below:

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


BSP:PAGS34
88GF Score
PagSeguro Digital Ltd BSP:PAGS34
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PagSeguro Digital 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, PagSeguro Digital'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)
=0.386/330.2130*330.2130
=0.386

Current CPI (Mar. 2026) = 330.2130.

PagSeguro Digital Quarterly Data

per share eps CPI Adj_EPS
201412 0.000 234.812 0.000
201512 0.000 236.525 0.000
201612 0.029 241.432 0.040
201703 0.046 243.801 0.062
201706 0.063 244.955 0.085
201709 0.112 246.819 0.150
201712 0.143 246.524 0.192
201803 0.099 249.554 0.131
201806 0.148 251.989 0.194
201809 0.147 252.439 0.192
201812 0.190 251.233 0.250
201903 0.193 254.202 0.251
201906 0.196 256.143 0.253
201909 0.207 256.759 0.266
201912 0.224 256.974 0.288
202003 0.216 258.115 0.276
202006 0.180 257.797 0.231
202009 0.160 260.280 0.203
202012 0.227 260.474 0.288
202103 0.164 264.877 0.204
202106 0.165 271.696 0.201
202109 0.193 274.310 0.232
202112 0.181 278.802 0.214
202203 0.210 287.504 0.241
202206 0.220 296.311 0.245
202209 0.231 296.808 0.257
202212 0.248 296.797 0.276
202303 0.226 301.836 0.247
202306 0.237 305.109 0.257
202309 0.254 307.789 0.273
202312 0.305 306.746 0.328
202403 0.300 312.332 0.317
202406 0.313 314.175 0.329
202409 0.331 315.301 0.347
202412 0.382 315.605 0.400
202503 0.344 319.799 0.355
202506 0.357 322.561 0.365
202509 0.376 324.800 0.382
202512 0.346 324.054 0.353
202603 0.386 330.213 0.386

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$1.09 mean?
PagSeguro Digital (BSP:PAGS34) has a E10 of R$1.09 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on PagSeguro Digital and its competitors.
Is PagSeguro Digital's E10 too high?
PagSeguro Digital's current E10 is R$1.09. Overall, PagSeguro Digital has a GF Score™ of 88/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PagSeguro Digital's E10 compare to ATEN and PAYO?
PagSeguro Digital's E10 of R$1.09 can be compared against companies in the Software 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 Software company?
A good E10 depends on the Software 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 PagSeguro Digital and its competitors. PagSeguro Digital's current E10 is R$1.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PagSeguro Digital stock overvalued right now?
Based on GuruFocus' analysis, PagSeguro Digital (BSP:PAGS34) is currently considered Modestly Undervalued. The stock's GF Value™ is R$12.03, compared to a current price of R$9.19 — trading 23.6% below its estimated fair value. The current E10 is R$1.09. PagSeguro Digital's overall GF Score™ is 88/100 with 4 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 PagSeguro Digital (BSP:PAGS34), the current E10 is R$1.09 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 PagSeguro Digital (BSP:PAGS34) Overvalued in 2026?

Based on GuruFocus' analysis, PagSeguro Digital stock appears to be undervalued. The current stock price of R$9.19 is trading 23.6% below its estimated GF Value™ of R$12.03. GuruFocus considers PagSeguro Digital to be Modestly Undervalued.

Key valuation signals for BSP:PAGS34:

  • E10: R$1.09
  • GF Value™: R$12.03 vs. price of R$9.19 (23.6% below fair value)
  • GF Score™: 88/100 with 4 warning signs

No single metric tells the full story. See the BSP:PAGS34 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


PagSeguro Digital Business Description

Other Exchanges PAGS:USA1JY:Germany
Address Cricket Square, Hutchins Drive, P.O. Box 2681, Grand Cayman, CYM, KY1-1111
PagSeguro Digital Ltd is a Brazilian-based company that acts as a provider of financial technology solutions focused on Micro-Merchants, Small Companies and Medium-Sized Companies (SMEs), in Brazil. The company provides a range of solutions and tools such as cash-in and cash-out options and provides access to working capital to help to manage its cash flow. It delivers an end-to-end digital ecosystem to address day-to-day financial needs, including receiving and spending funds and managing and growing businesses for clients. The company also offers the Free PagSeguro Digital Account delivering Cash-In Solutions, Online and In-Person Payment Tools, Online Payment Tools; and Web Check Outs offer tokenization, handling of shipping information, and others.
88GF Score

Get the complete analysis for BSP:PAGS34

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

R$9.19
Price
R$12.03
GF Value