Baidu (BUE:BIDU) E10: ARS858.72 (As of Mar. 2026)

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Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BUE:BIDU Baidu Inc BUE:BIDU
65 GF Score
Price ARS16,050.00
GF Value ARS15,088.91
Valuation Fairly Valued
! 5 Warning Signs
View Full Analysis

What is Baidu E10?

Baidu BUE:BIDU +1.39% 65 E10 is ARS858.72 as of Mar. 2026. GuruFocus rates BUE:BIDU with a GF Score™ of 65/100 and a GF Value™ of ARS15,088.91 (Fairly Valued). 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.

Baidu's adjusted earnings per share data for the three months ended in Mar. 2026 was ARS223.164. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ARS858.72 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Baidu's average E10 Growth Rate was -20.20% per year. During the past 3 years, the average E10 Growth Rate was -5.30% per year. During the past 5 years, the average E10 Growth Rate was -1.90% per year. During the past 10 years, the average E10 Growth Rate was 6.00% 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 Baidu was 39.20% per year. The lowest was -5.30% per year. And the median was 9.10% per year.

As of today (2026-07-17), Baidu's current stock price is ARS16050.00. Baidu's E10 for the quarter that ended in Mar. 2026 was ARS858.72. Baidu's Shiller PE Ratio of today is 18.69.

During the past 13 years, the highest Shiller PE Ratio of Baidu was 53.73. The lowest was 9.83. And the median was 18.75.


Baidu  (BUE:BIDU) 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.

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

Shiller PE Ratio=Share Price/E10
=16050.00/858.72
=18.69

* 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 Baidu was 53.73. The lowest was 9.83. And the median was 18.75.


Be Aware

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


Baidu E10 Related Terms


Baidu E10 Historical Data

* Premium members only.

The historical data trend for Baidu'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.

Baidu E10 Chart

Baidu 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 143.52 231.48 679.87 845.85 892.17

Baidu 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 959.00 895.06 1,059.35 892.17 858.72

BUE:BIDU vs RDDT, TME, PINS: E10 Comparison

For the Internet Content & Information subindustry, Baidu'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.


Baidu Shiller PE Ratio vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Baidu's Shiller PE Ratio distribution charts can be found below:

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


BUE:BIDU
65GF Score
Baidu Inc BUE:BIDU
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Baidu 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, Baidu'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)
=223.164/116.3033*116.3033
=223.164

Current CPI (Mar. 2026) = 116.3033.

Baidu Quarterly Data

per share eps CPI Adj_EPS
201606 1.742 101.400 1.998
201609 2.378 102.400 2.701
201612 3.264 102.600 3.700
201703 1.294 103.200 1.458
201706 3.425 103.100 3.864
201709 8.019 104.100 8.959
201712 4.482 104.500 4.988
201803 7.446 105.300 8.224
201806 8.745 104.900 9.696
201809 23.658 106.600 25.811
201812 4.062 106.500 4.436
201903 -0.714 107.700 -0.771
201906 5.319 107.700 5.744
201909 -18.056 109.800 -19.125
201912 19.445 111.200 20.337
202003 0.088 112.300 0.091
202006 12.471 110.400 13.138
202009 54.176 111.700 56.409
202012 23.396 111.500 24.404
202103 127.561 112.662 131.684
202106 -3.096 111.769 -3.222
202109 -91.172 112.215 -94.493
202112 8.879 113.108 9.130
202203 -6.092 114.335 -6.197
202206 22.466 114.558 22.808
202209 -2.177 115.339 -2.195
202212 40.880 115.116 41.302
202303 57.050 115.116 57.639
202306 59.318 114.558 60.222
202309 109.331 115.339 110.245
202312 42.975 114.781 43.545
202403 217.600 115.227 219.632
202406 232.062 114.781 235.140
202409 362.684 115.785 364.308
202412 246.927 114.893 249.959
202503 397.045 115.116 401.141
202506 419.973 114.907 425.075
202509 -806.400 115.471 -812.210
202512 94.799 115.832 95.184
202603 223.164 116.303 223.164

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 ARS858.72 mean?
Baidu (BUE:BIDU) has a E10 of ARS858.72 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Baidu and its competitors.
Is Baidu's E10 too high?
Baidu's current E10 is ARS858.72. Overall, Baidu has a GF Score™ of 65/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Baidu's E10 compare to RDDT and TME?
Baidu's E10 of ARS858.72 can be compared against companies in the Interactive Media 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 an Interactive Media company?
A good E10 depends on the Interactive Media 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 Baidu and its competitors. Baidu's current E10 is ARS858.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Baidu stock overvalued right now?
Based on GuruFocus' analysis, Baidu (BUE:BIDU) is currently considered Fairly Valued. The stock's GF Value™ is ARS15,088.91, compared to a current price of ARS16,050.00 — trading 6.4% above its estimated fair value. The current E10 is ARS858.72. Baidu's overall GF Score™ is 65/100 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 Baidu (BUE:BIDU), the current E10 is ARS858.72 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 Baidu (BUE:BIDU) Overvalued in 2026?

Based on GuruFocus' analysis, Baidu stock appears to be overvalued. The current stock price of ARS16,050.00 is trading 6.4% above its estimated GF Value™ of ARS15,088.91. GuruFocus considers Baidu to be Fairly Valued.

Key valuation signals for BUE:BIDU:

  • E10: ARS858.72
  • GF Value™: ARS15,088.91 vs. price of ARS16,050.00 (6.4% above fair value)
  • GF Score™: 65/100 with 5 warning signs

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


Baidu Business Description

Address No. 10 Shangdi 10th Street, Baidu Campus, Haidian District, Beijing, CHN, 100085
Most of Baidu's revenue comes from Baidu core, with the rest coming from video-streaming subsidiary iQiyi. The firm's main businesses include online marketing services from its search engine, AI cloud infrastructure, AI applications, AI marketing, and autonomous driving.
65GF Score

Get the complete analysis for BUE:BIDU

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

ARS16,050.00
Price
ARS15,088.91
GF Value