Vipshop Holdings (BSP:V1IP34) E10: R$3.35 (As of Mar. 2026)

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BSP:V1IP34 Vipshop Holdings Ltd BSP:V1IP34
73 GF Score
Price R$34.50
GF Value R$41.21
Valuation Modestly Undervalued
! 2 Warning Signs
View Full Analysis

What is Vipshop Holdings E10?

Vipshop Holdings BSP:V1IP34 73 E10 is R$3.35 as of Mar. 2026. GuruFocus rates BSP:V1IP34 with a GF Score™ of 73/100 and a GF Value™ of R$41.21 (Modestly Undervalued). The stock has 2 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.

Vipshop Holdings's adjusted earnings per share data for the three months ended in Mar. 2026 was R$16.989. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is R$3.35 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Vipshop Holdings's average E10 Growth Rate was 16.10% per year. During the past 3 years, the average E10 Growth Rate was 19.90% per year. During the past 5 years, the average E10 Growth Rate was 25.20% 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 Vipshop Holdings was 31.50% per year. The lowest was 19.90% per year. And the median was 24.50% per year.

As of today (2026-07-21), Vipshop Holdings's current stock price is R$34.50. Vipshop Holdings's E10 for the quarter that ended in Mar. 2026 was R$3.35. Vipshop Holdings's Shiller PE Ratio of today is 10.30.

During the past 13 years, the highest Shiller PE Ratio of Vipshop Holdings was 113.63. The lowest was 10.11. And the median was 16.96.


Vipshop Holdings  (BSP:V1IP34) 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.

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

Shiller PE Ratio=Share Price/E10
=34.50/3.35
=10.30

* 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 Vipshop Holdings was 113.63. The lowest was 10.11. And the median was 16.96.


Be Aware

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


Vipshop Holdings E10 Related Terms


Vipshop Holdings E10 Historical Data

* Premium members only.

The historical data trend for Vipshop Holdings'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.

Vipshop Holdings E10 Chart

Vipshop Holdings 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 1.59 1.92 2.08 3.29 3.76

Vipshop Holdings 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 3.30 3.16 2.94 3.76 3.35

BSP:V1IP34 vs GLBE, ETSY, CHWY: E10 Comparison

For the Internet Retail subindustry, Vipshop Holdings'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.


Vipshop Holdings Shiller PE Ratio vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Vipshop Holdings's Shiller PE Ratio distribution charts can be found below:

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


BSP:V1IP34
73GF Score
Vipshop Holdings Ltd BSP:V1IP34
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Vipshop Holdings 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, Vipshop Holdings'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)
=16.989/116.3033*116.3033
=16.989

Current CPI (Mar. 2026) = 116.3033.

Vipshop Holdings Quarterly Data

per share eps CPI Adj_EPS
201606 1.974 101.400 2.264
201609 1.410 102.400 1.601
201612 3.049 102.600 3.456
201703 2.082 103.200 2.346
201706 1.549 103.100 1.747
201709 1.330 104.100 1.486
201712 2.684 104.500 2.987
201803 2.004 105.300 2.213
201806 2.899 104.900 3.214
201809 1.025 106.600 1.118
201812 2.832 106.500 3.093
201903 3.622 107.700 3.911
201906 3.376 107.700 3.646
201909 3.753 109.800 3.975
201912 6.262 111.200 6.549
202003 3.480 112.300 3.604
202006 8.198 110.400 8.636
202009 7.144 111.700 7.438
202012 13.791 111.500 14.385
202103 9.434 112.662 9.739
202106 6.097 111.769 6.344
202109 3.753 112.215 3.890
202112 9.189 113.108 9.449
202203 6.314 114.335 6.423
202206 7.441 114.558 7.554
202209 10.100 115.339 10.184
202212 13.769 115.116 13.911
202303 11.943 115.116 12.066
202306 12.715 114.558 12.909
202309 7.403 115.339 7.465
202312 18.357 114.781 18.600
202403 14.445 115.227 14.580
202406 12.948 114.781 13.120
202409 7.717 115.785 7.752
202412 19.659 114.893 19.900
202503 14.790 115.116 14.943
202506 11.238 114.907 11.375
202509 9.110 115.471 9.176
202512 19.845 115.832 19.926
202603 16.989 116.303 16.989

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$3.35 mean?
Vipshop Holdings (BSP:V1IP34) has a E10 of R$3.35 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Vipshop Holdings and its competitors.
Is Vipshop Holdings' E10 too high?
Vipshop Holdings' current E10 is R$3.35. Overall, Vipshop Holdings has a GF Score™ of 73/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Vipshop Holdings' E10 compare to GLBE and ETSY?
Vipshop Holdings' E10 of R$3.35 can be compared against companies in the Retail - Cyclical 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 Retail - Cyclical company?
A good E10 depends on the Retail - Cyclical 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 Vipshop Holdings and its competitors. Vipshop Holdings's current E10 is R$3.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vipshop Holdings stock overvalued right now?
Based on GuruFocus' analysis, Vipshop Holdings (BSP:V1IP34) is currently considered Modestly Undervalued. The stock's GF Value™ is R$41.21, compared to a current price of R$34.50 — trading 16.3% below its estimated fair value. The current E10 is R$3.35. Vipshop Holdings' overall GF Score™ is 73/100 with 2 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 Vipshop Holdings (BSP:V1IP34), the current E10 is R$3.35 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 Vipshop Holdings (BSP:V1IP34) Overvalued in 2026?

Based on GuruFocus' analysis, Vipshop Holdings stock appears to be undervalued. The current stock price of R$34.50 is trading 16.3% below its estimated GF Value™ of R$41.21. GuruFocus considers Vipshop Holdings to be Modestly Undervalued.

Key valuation signals for BSP:V1IP34:

  • E10: R$3.35
  • GF Value™: R$41.21 vs. price of R$34.50 (16.3% below fair value)
  • GF Score™: 73/100 with 2 warning signs

No single metric tells the full story. See the BSP:V1IP34 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Vipshop Holdings Business Description

Address 128 Dingxin Road, Haizhu District, Guangdong Province, Guangzhou, CHN, 510220
Vipshop is a leading Chinese online discount retailer offering branded products at attractive discounts of 10%-90% off their original price through daily flash sales. It operates warehousing, retailing, product procurement, software development, and information technology support in-house while outsourcing to third-party logistics providers for distribution and shipments. Branded products on Vipshop's platform are sourced mostly through a consignment model with global brand partners. As of March 31, 2025, Eric Ya Shen, chair and CEO, had 64.5% voting rights. Leading Chinese social media firm and strategic shareholder Tencent also holds a 12.5% interest.
73GF Score

Get the complete analysis for BSP:V1IP34

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

R$34.50
Price
R$41.21
GF Value