Vulcabras (BSP:VULC3) E10: R$1.65 (As of Jun. 2026)

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BSP:VULC3 Vulcabras SA BSP:VULC3
91 GF Score
Price R$13.39
GF Value R$18.91
Valuation Modestly Undervalued
! 5 Warning Signs
View Full Analysis

What is Vulcabras E10?

Vulcabras BSP:VULC3 -0.52% 91 E10 is R$1.65 as of Jun. 2026. GuruFocus rates BSP:VULC3 with a GF Score™ of 91/100 and a GF Value™ of R$18.91 (Modestly Undervalued). The stock has 5 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.

Vulcabras's adjusted earnings per share data for the three months ended in Jun. 2026 was R$0.458. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is R$1.65 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Vulcabras's average E10 Growth Rate was 32.00% per year. During the past 3 years, the average E10 Growth Rate was 74.10% 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 Vulcabras was 74.10% per year. The lowest was -86.40% per year. And the median was -42.70% per year.

As of today (2026-08-30), Vulcabras's current stock price is R$13.39. Vulcabras's E10 for the quarter that ended in Jun. 2026 was R$1.65. Vulcabras's Shiller PE Ratio of today is 8.12.

During the past 13 years, the highest Shiller PE Ratio of Vulcabras was 465.59. The lowest was 8.12. And the median was 17.42.


Vulcabras  (BSP:VULC3) 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.

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

Shiller PE Ratio=Share Price/E10
=13.39/1.65
=8.12

* 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 Vulcabras was 465.59. The lowest was 8.12. And the median was 17.42.


Be Aware

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


Vulcabras E10 Related Terms


Vulcabras E10 Historical Data

* Premium members only.

The historical data trend for Vulcabras'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.

Vulcabras E10 Chart

Vulcabras 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 -0.61 0.29 0.72 1.03 1.53

Vulcabras Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 1.25 1.44 1.53 1.58 1.65

BSP:VULC3 vs NKE, DECK, ONON: E10 Comparison

For the Footwear & Accessories subindustry, Vulcabras'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.


Vulcabras Shiller PE Ratio vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Vulcabras's Shiller PE Ratio distribution charts can be found below:

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


BSP:VULC3
91GF Score
Vulcabras SA BSP:VULC3
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Vulcabras 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, Vulcabras's adjusted earnings per share data for the three months ended in Jun. 2026 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=0.458/177.5443*177.5443
=0.458

Current CPI (Jun. 2026) = 177.5443.

Vulcabras Quarterly Data

per share eps CPI Adj_EPS
201609 0.100 109.986 0.161
201612 0.066 110.802 0.106
201703 0.131 111.869 0.208
201706 0.261 112.115 0.413
201709 0.332 112.777 0.523
201712 0.175 114.068 0.272
201803 0.126 114.868 0.195
201806 0.125 117.038 0.190
201809 0.150 117.881 0.226
201812 0.174 118.340 0.261
201903 0.099 120.124 0.146
201906 0.114 120.977 0.167
201909 0.158 121.292 0.231
201912 0.170 123.436 0.245
202003 0.034 124.092 0.049
202006 -0.286 123.557 -0.411
202009 0.165 125.095 0.234
202012 0.206 129.012 0.283
202103 0.055 131.660 0.074
202106 0.347 133.871 0.460
202109 0.474 137.913 0.610
202112 0.304 141.992 0.380
202203 0.203 146.537 0.246
202206 0.393 149.784 0.466
202209 0.371 147.800 0.446
202212 0.814 150.207 0.962
202303 0.321 153.352 0.372
202306 0.528 154.519 0.607
202309 0.489 155.464 0.558
202312 0.553 157.148 0.625
202403 0.319 159.372 0.355
202406 0.484 161.052 0.534
202409 0.603 162.342 0.659
202412 0.587 164.740 0.633
202503 0.369 168.102 0.390
202506 1.300 169.670 1.360
202509 1.899 170.739 1.975
202512 0.525 171.765 0.543
202603 0.256 175.066 0.260
202606 0.458 177.544 0.458

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$1.65 mean?
Vulcabras (BSP:VULC3) has a E10 of R$1.65 as of Jun. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Vulcabras and its competitors.
Is Vulcabras' E10 too high?
Vulcabras' current E10 is R$1.65. Overall, Vulcabras has a GF Score™ of 91/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Vulcabras' E10 compare to NKE and DECK?
Vulcabras' E10 of R$1.65 can be compared against companies in the Manufacturing - Apparel & Accessories 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 Manufacturing - Apparel & Accessories company?
A good E10 depends on the Manufacturing - Apparel & Accessories 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 Vulcabras and its competitors. Vulcabras's current E10 is R$1.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vulcabras stock overvalued right now?
Based on GuruFocus' analysis, Vulcabras (BSP:VULC3) is currently considered Modestly Undervalued. The stock's GF Value™ is R$18.91, compared to a current price of R$13.39 — trading 29.2% below its estimated fair value. The current E10 is R$1.65. Vulcabras' overall GF Score™ is 91/100 with 5 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 Vulcabras (BSP:VULC3), the current E10 is R$1.65 as of Jun. 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 Vulcabras (BSP:VULC3) Overvalued in 2026?

Based on GuruFocus' analysis, Vulcabras stock appears to be undervalued. The current stock price of R$13.39 is trading 29.2% below its estimated GF Value™ of R$18.91. GuruFocus considers Vulcabras to be Modestly Undervalued.

Key valuation signals for BSP:VULC3:

  • E10: R$1.65
  • GF Value™: R$18.91 vs. price of R$13.39 (29.2% below fair value)
  • GF Score™: 91/100 with 5 warning signs

No single metric tells the full story. See the BSP:VULC3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Vulcabras Business Description

Address Avenue Antonio Frederico Ozanan, 1440, Jundiai, SP, BRA, 13219-001
Vulcabras SA is a Brazil-based company engaged in the trading and production of apparel and accessories products, particularly sportswear and professional footwear. The company manages its own brands like Azaleia, Dijean, Olk, Olympikus, Opanka, and Vulcabras, as well as third-party brands like Mizuno and Under Armour. Along with its subsidiaries, it operates in the segment of production and sale of synthetic footwear for the domestic and foreign markets. The majority of the group's revenue is generated from the sale of sports shoes. Geographically, it derives maximum revenue from the domestic market.
91GF Score

Get the complete analysis for BSP:VULC3

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

R$13.39
Price
R$18.91
GF Value