Positivo Tecnologia (BSP:POSI3) E10: R$0.89 (As of Mar. 2026)


BSP:POSI3 Positivo Tecnologia SA BSP:POSI3
74 GF Score
Price R$3.99
GF Value R$5.42
Valuation Modestly Undervalued
! 7 Warning Signs
View Full Analysis

What is Positivo Tecnologia E10?

Positivo Tecnologia BSP:POSI3 +1.53% 74 E10 is R$0.89 as of Mar. 2026. GuruFocus rates BSP:POSI3 with a GF Score™ of 74/100 and a GF Value™ of R$5.42 (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.

Positivo Tecnologia's adjusted earnings per share data for the three months ended in Mar. 2026 was R$-0.088. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is R$0.89 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Positivo Tecnologia's average E10 Growth Rate was 41.30% per year. During the past 3 years, the average E10 Growth Rate was 25.00% 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 Positivo Tecnologia was 180.20% per year. The lowest was 12.40% per year. And the median was 29.50% per year.

As of today (2026-06-28), Positivo Tecnologia's current stock price is R$3.99. Positivo Tecnologia's E10 for the quarter that ended in Mar. 2026 was R$0.89. Positivo Tecnologia's Shiller PE Ratio of today is 4.48.

During the past 13 years, the highest Shiller PE Ratio of Positivo Tecnologia was 505.00. The lowest was 4.09. And the median was 15.25.


Positivo Tecnologia  (BSP:POSI3) 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.

Positivo Tecnologia's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=3.99/0.89
=4.48

* 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 Positivo Tecnologia was 505.00. The lowest was 4.09. And the median was 15.25.


Be Aware

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


Positivo Tecnologia E10 Related Terms


Positivo Tecnologia E10 Historical Data

* Premium members only.

The historical data trend for Positivo Tecnologia'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.

Positivo Tecnologia E10 Chart

Positivo Tecnologia 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 0.27 0.44 0.61 0.65 0.86

Positivo Tecnologia 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 0.63 0.00 0.73 0.86 0.89

BSP:POSI3 vs DELL, SNDK, ANET: E10 Comparison

For the Computer Hardware subindustry, Positivo Tecnologia'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.


Positivo Tecnologia Shiller PE Ratio vs Hardware Industry

For the Hardware industry and Technology sector, Positivo Tecnologia's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Positivo Tecnologia's Shiller PE Ratio falls into.


BSP:POSI3
74GF Score
Positivo Tecnologia SA BSP:POSI3
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Positivo Tecnologia 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, Positivo Tecnologia'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)
=-0.088/175.0655*175.0655
=-0.088

Current CPI (Mar. 2026) = 175.0655.

Positivo Tecnologia Quarterly Data

per share eps CPI Adj_EPS
201606 0.148 108.851 0.238
201609 0.064 109.986 0.102
201612 0.013 110.802 0.021
201703 -0.097 111.869 -0.152
201706 0.022 112.115 0.034
201709 0.054 112.777 0.084
201712 -0.531 114.068 -0.815
201803 0.023 114.868 0.035
201806 -0.134 117.038 -0.200
201809 0.137 117.881 0.203
201812 -0.031 118.340 -0.046
201903 -0.057 120.124 -0.083
201906 0.114 120.977 0.165
201909 0.087 121.292 0.126
201912 0.046 123.436 0.065
202003 0.028 124.092 0.040
202006 -0.064 123.557 -0.091
202009 0.350 125.095 0.490
202012 1.077 129.012 1.461
202103 0.448 131.660 0.596
202106 0.362 133.871 0.473
202109 0.381 137.913 0.484
202112 0.242 141.992 0.298
202203 0.200 146.537 0.239
202206 0.643 149.784 0.752
202209 0.348 147.800 0.412
202212 0.973 150.207 1.134
202303 0.054 153.352 0.062
202306 0.144 154.519 0.163
202309 0.193 155.464 0.217
202312 1.367 157.148 1.523
202403 0.456 159.372 0.501
202406 0.026 161.052 0.028
202409 0.004 162.342 0.004
202412 0.088 164.740 0.094
202503 -0.097 168.102 -0.101
202506 0.000 169.670 0.000
202509 0.007 170.739 0.007
202512 0.153 171.765 0.156
202603 -0.088 175.066 -0.088

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$0.89 mean?
Positivo Tecnologia (BSP:POSI3) has a E10 of R$0.89 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Positivo Tecnologia and its competitors.
Is Positivo Tecnologia's E10 too high?
Positivo Tecnologia's current E10 is R$0.89. Overall, Positivo Tecnologia has a GF Score™ of 74/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Positivo Tecnologia's E10 compare to DELL and SNDK?
Positivo Tecnologia's E10 of R$0.89 can be compared against companies in the Hardware 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 Hardware company?
A good E10 depends on the Hardware 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 Positivo Tecnologia and its competitors. Positivo Tecnologia's current E10 is R$0.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Positivo Tecnologia stock overvalued right now?
Based on GuruFocus' analysis, Positivo Tecnologia (BSP:POSI3) is currently considered Modestly Undervalued. The stock's GF Value™ is R$5.42, compared to a current price of R$3.99 — trading 26.4% below its estimated fair value. The current E10 is R$0.89. Positivo Tecnologia's overall GF Score™ is 74/100 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 Positivo Tecnologia (BSP:POSI3), the current E10 is R$0.89 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 Positivo Tecnologia (BSP:POSI3) Overvalued in 2026?

Based on GuruFocus' analysis, Positivo Tecnologia stock appears to be undervalued. The current stock price of R$3.99 is trading 26.4% below its estimated GF Value™ of R$5.42. GuruFocus considers Positivo Tecnologia to be Modestly Undervalued.

Key valuation signals for BSP:POSI3:

  • E10: R$0.89
  • GF Value™: R$5.42 vs. price of R$3.99 (26.4% below fair value)
  • GF Score™: 74/100 with 7 warning signs

No single metric tells the full story. See the BSP:POSI3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Positivo Tecnologia Business Description

Address Rua Joao Bettega 5200, Bairro Cidade Industrial, Curitiba, PR, BRA, 81350-000
Positivo Tecnologia SA is a technology company. The Company is mainly engaged in the manufacturing, sale, and development of information technology projects; the manufacturing, sale, and lease of software and hardware; the sale of IT equipment, educational application systems, and school administration systems, as well as planning and providing technical and educational support; the representation, sale, implementation, training, and provision of technical support services for equipment and technical, technological, and scientific education systems across various fields; the development, manufacturing, and sale of electronic voting machines; and the provision of services in the information technology industry, including managed IT services.
74GF Score

Get the complete analysis for BSP:POSI3

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

R$3.99
Price
R$5.42
GF Value