Suzano (BSP:SUZB3) E10: R$4.10 (As of Mar. 2026)


BSP:SUZB3 Suzano SA BSP:SUZB3
69 GF Score
Price R$40.80
GF Value R$58.66
Valuation Possible Value Trap
! 7 Warning Signs
View Full Analysis

What is Suzano E10?

Suzano BSP:SUZB3 +0.05% 69 E10 is R$4.10 as of Mar. 2026. GuruFocus rates BSP:SUZB3 with a GF Score™ of 69/100 and a GF Value™ of R$58.66 (Possible Value Trap). 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.

Suzano's adjusted earnings per share data for the three months ended in Mar. 2026 was R$3.475. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is R$4.10 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Suzano's average E10 Growth Rate was 29.30% per year. During the past 3 years, the average E10 Growth Rate was 31.60% 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 Suzano was 54.00% per year. The lowest was 31.60% per year. And the median was 42.80% per year.

As of today (2026-07-05), Suzano's current stock price is R$40.80. Suzano's E10 for the quarter that ended in Mar. 2026 was R$4.10. Suzano's Shiller PE Ratio of today is 9.95.

During the past 13 years, the highest Shiller PE Ratio of Suzano was 236.35. The lowest was 9.78. And the median was 23.52.


Suzano  (BSP:SUZB3) 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.

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

Shiller PE Ratio=Share Price/E10
=40.80/4.10
=9.95

* 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 Suzano was 236.35. The lowest was 9.78. And the median was 23.52.


Be Aware

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


Suzano E10 Related Terms


Suzano E10 Historical Data

* Premium members only.

The historical data trend for Suzano'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.

Suzano E10 Chart

Suzano 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 -0.16 1.68 2.87 2.49 3.83

Suzano 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 3.17 3.53 3.85 3.83 4.10

BSP:SUZB3 vs SLVM: E10 Comparison

For the Paper & Paper Products subindustry, Suzano'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.


Suzano Shiller PE Ratio vs Forest Products Industry

For the Forest Products industry and Basic Materials sector, Suzano's Shiller PE Ratio distribution charts can be found below:

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


BSP:SUZB3
69GF Score
Suzano SA BSP:SUZB3
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Suzano 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, Suzano'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)
=3.475/175.0655*175.0655
=3.475

Current CPI (Mar. 2026) = 175.0655.

Suzano Quarterly Data

per share eps CPI Adj_EPS
201606 1.784 108.851 2.869
201609 0.045 109.986 0.072
201612 -0.296 110.802 -0.468
201703 0.412 111.869 0.645
201706 0.182 112.115 0.284
201709 0.733 112.777 1.138
201712 0.338 114.068 0.519
201803 0.736 114.868 1.122
201806 -1.683 117.038 -2.517
201809 -0.099 117.881 -0.147
201812 1.337 118.340 1.978
201903 -0.937 120.124 -1.366
201906 0.519 120.977 0.751
201909 -2.565 121.292 -3.702
201912 0.869 123.436 1.232
202003 -9.948 124.092 -14.034
202006 -1.525 123.557 -2.161
202009 -0.860 125.095 -1.204
202012 4.384 129.012 5.949
202103 -2.044 131.660 -2.718
202106 7.436 133.871 9.724
202109 -0.713 137.913 -0.905
202112 1.712 141.992 2.111
202203 7.636 146.537 9.123
202206 0.131 149.784 0.153
202209 4.131 147.800 4.893
202212 5.697 150.207 6.640
202303 3.968 153.352 4.530
202306 3.904 154.519 4.423
202309 -0.564 155.464 -0.635
202312 3.488 157.148 3.886
202403 0.171 159.372 0.188
202406 -2.938 161.052 -3.194
202409 2.569 162.342 2.770
202412 -5.334 164.740 -5.668
202503 5.104 168.102 5.315
202506 4.039 169.670 4.167
202509 1.577 170.739 1.617
202512 0.094 171.765 0.096
202603 3.475 175.066 3.475

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$4.10 mean?
Suzano (BSP:SUZB3) has a E10 of R$4.10 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Suzano and its competitors.
Is Suzano's E10 too high?
Suzano's current E10 is R$4.10. Overall, Suzano has a GF Score™ of 69/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Suzano's E10 compare to SLVM?
Suzano's E10 of R$4.10 can be compared against companies in the Forest Products 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 Forest Products company?
A good E10 depends on the Forest Products 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 Suzano and its competitors. Suzano's current E10 is R$4.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Suzano stock overvalued right now?
Based on GuruFocus' analysis, Suzano (BSP:SUZB3) is currently considered Possible Value Trap. The stock's GF Value™ is R$58.66, compared to a current price of R$40.80 — trading 30.4% below its estimated fair value. The current E10 is R$4.10. Suzano's overall GF Score™ is 69/100 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 Suzano (BSP:SUZB3), the current E10 is R$4.10 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 Suzano (BSP:SUZB3) Overvalued in 2026?

Based on GuruFocus' analysis, Suzano stock appears to be undervalued. The current stock price of R$40.80 is trading 30.4% below its estimated GF Value™ of R$58.66. GuruFocus considers Suzano to be Possible Value Trap.

Key valuation signals for BSP:SUZB3:

  • E10: R$4.10
  • GF Value™: R$58.66 vs. price of R$40.80 (30.4% below fair value)
  • GF Score™: 69/100 with 7 warning signs

No single metric tells the full story. See the BSP:SUZB3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Suzano Business Description

Address Avenida Professor Magalhaes Neto, No. 1,752, 10th Floor, Rooms 1010 and 1011, Bairro Pituba, Salvador, BA, BRA, 41810-011
Suzano SA produces and sells pulp and a variety of paper products. The company organizes itself into two segments based on product type: Pulp and Paper. The Pulp segment generates the majority of revenue. The firm's product portfolio includes printing and writing paper, paperboard, diapers, and sanitary napkins. The company owns forest land and plants in Brazil, where it harvests timber and turns the timber into pulp and paper in its plants.
69GF Score

Get the complete analysis for BSP:SUZB3

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

R$40.80
Price
R$58.66
GF Value