Holcim (Argentina) (BUE:HARG) E10: ARS37.98 (As of Jun. 2026)

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BUE:HARG Holcim (Argentina) SA BUE:HARG
81 GF Score
Price ARS1,445.00
GF Value ARS1,706.46
Valuation Modestly Undervalued
! 6 Warning Signs
View Full Analysis

What is Holcim (Argentina) E10?

Holcim (Argentina) BUE:HARG +0.70% 81 E10 is ARS37.98 as of Jun. 2026. GuruFocus rates BUE:HARG with a GF Score™ of 81/100 and a GF Value™ of ARS1,706.46 (Modestly Undervalued). The stock has 6 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.

Holcim (Argentina)'s adjusted earnings per share data for the three months ended in Jun. 2026 was ARS-42.000. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ARS37.98 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Holcim (Argentina)'s average E10 Growth Rate was -30.30% per year. During the past 3 years, the average E10 Growth Rate was 29.80% per year. During the past 5 years, the average E10 Growth Rate was 67.00% 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 Holcim (Argentina) was 109.40% per year. The lowest was 29.80% per year. And the median was 86.00% per year.

As of today (2026-08-22), Holcim (Argentina)'s current stock price is ARS1445.00. Holcim (Argentina)'s E10 for the quarter that ended in Jun. 2026 was ARS37.98. Holcim (Argentina)'s Shiller PE Ratio of today is 38.05.

During the past 13 years, the highest Shiller PE Ratio of Holcim (Argentina) was 62.43. The lowest was 9.72. And the median was 28.39.


Holcim (Argentina)  (BUE:HARG) 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.

Holcim (Argentina)'s Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=1445.00/37.98
=38.05

* 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 Holcim (Argentina) was 62.43. The lowest was 9.72. And the median was 28.39.


Be Aware

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


Holcim (Argentina) E10 Related Terms


Holcim (Argentina) E10 Historical Data

* Premium members only.

The historical data trend for Holcim (Argentina)'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.

Holcim (Argentina) E10 Chart

Holcim (Argentina) 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 8.15 19.20 37.90 54.15 41.97

Holcim (Argentina) 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 54.48 49.13 41.97 41.73 37.98

BUE:HARG vs CRH, VMC, MLM: E10 Comparison

For the Building Materials subindustry, Holcim (Argentina)'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.


Holcim (Argentina) Shiller PE Ratio vs Building Materials Industry

For the Building Materials industry and Basic Materials sector, Holcim (Argentina)'s Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Holcim (Argentina)'s Shiller PE Ratio falls into.


BUE:HARG
81GF Score
Holcim (Argentina) SA BUE:HARG
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Holcim (Argentina) 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, Holcim (Argentina)'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)
=-42/333.9520*333.9520
=-42.000

Current CPI (Jun. 2026) = 333.9520.

Holcim (Argentina) Quarterly Data

per share eps CPI Adj_EPS
201609 0.410 241.428 0.567
201612 0.590 241.432 0.816
201703 0.570 243.801 0.781
201706 0.550 244.955 0.750
201709 0.940 246.819 1.272
201712 3.460 246.524 4.687
201803 0.920 249.554 1.231
201806 1.640 251.989 2.173
201809 1.270 252.439 1.680
201812 2.480 251.233 3.297
201903 3.780 254.202 4.966
201906 1.000 256.143 1.304
201909 1.330 256.759 1.730
201912 3.680 256.974 4.782
202003 0.010 258.115 0.013
202006 0.070 257.797 0.091
202009 4.870 260.280 6.248
202012 7.250 260.474 9.295
202103 7.880 264.877 9.935
202106 1.650 271.696 2.028
202109 8.100 274.310 9.861
202112 17.650 278.802 21.141
202203 12.090 287.504 14.043
202206 8.640 296.311 9.738
202209 30.500 296.808 34.317
202212 51.090 296.797 57.486
202303 36.990 301.836 40.926
202306 52.520 305.109 57.485
202309 16.610 307.789 18.022
202312 64.600 306.746 70.330
202403 47.290 312.332 50.563
202406 23.560 314.175 25.043
202409 19.190 315.301 20.325
202412 53.680 315.605 56.801
202503 4.570 319.799 4.772
202506 1.000 322.561 1.035
202509 -55.590 324.800 -57.156
202512 -58.260 324.054 -60.040
202603 -10.420 330.213 -10.538
202606 -42.000 333.952 -42.000

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 ARS37.98 mean?
Holcim (Argentina) (BUE:HARG) has a E10 of ARS37.98 as of Jun. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Holcim (Argentina) and its competitors.
Is Holcim (Argentina)'s E10 too high?
Holcim (Argentina)'s current E10 is ARS37.98. Overall, Holcim (Argentina) has a GF Score™ of 81/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Holcim (Argentina)'s E10 compare to CRH and VMC?
Holcim (Argentina)'s E10 of ARS37.98 can be compared against companies in the Building Materials 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 Building Materials company?
A good E10 depends on the Building Materials 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 Holcim (Argentina) and its competitors. Holcim (Argentina)'s current E10 is ARS37.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Holcim (Argentina) stock overvalued right now?
Based on GuruFocus' analysis, Holcim (Argentina) (BUE:HARG) is currently considered Modestly Undervalued. The stock's GF Value™ is ARS1,706.46, compared to a current price of ARS1,445.00 — trading 15.3% below its estimated fair value. The current E10 is ARS37.98. Holcim (Argentina)'s overall GF Score™ is 81/100 with 6 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 Holcim (Argentina) (BUE:HARG), the current E10 is ARS37.98 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 Holcim (Argentina) (BUE:HARG) Overvalued in 2026?

Based on GuruFocus' analysis, Holcim (Argentina) stock appears to be undervalued. The current stock price of ARS1,445.00 is trading 15.3% below its estimated GF Value™ of ARS1,706.46. GuruFocus considers Holcim (Argentina) to be Modestly Undervalued.

Key valuation signals for BUE:HARG:

  • E10: ARS37.98
  • GF Value™: ARS1,706.46 vs. price of ARS1,445.00 (15.3% below fair value)
  • GF Score™: 81/100 with 6 warning signs

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


Holcim (Argentina) Business Description

Address Piso 1, Avenida Alicia Moreau de Justo 140, Buenos Aires, ARG
Holcim (Argentina) SA manufactures construction and building materials. It produces and markets cement, concrete and aggregates. Some of its products are Portland cement and other related building materials. It also produces stone products.
81GF Score

Get the complete analysis for BUE:HARG

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

ARS1,445.00
Price
ARS1,706.46
GF Value