Havanna Holding (BUE:HAVA) E10: ARS127.97 (As of Mar. 2026)


BUE:HAVA Havanna Holding SA BUE:HAVA
78 GF Score
Price ARS5,290.00
GF Value ARS6,831.16
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Havanna Holding E10?

Havanna Holding BUE:HAVA -0.19% 78 E10 is ARS127.97 as of Mar. 2026. GuruFocus rates BUE:HAVA with a GF Score™ of 78/100 and a GF Value™ of ARS6,831.16 (Modestly Undervalued). The stock has 3 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.

Havanna Holding's adjusted earnings per share data for the three months ended in Mar. 2026 was ARS163.150. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ARS127.97 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Havanna Holding's average E10 Growth Rate was 30.80% 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.

As of today (2026-07-01), Havanna Holding's current stock price is ARS5290.00. Havanna Holding's E10 for the quarter that ended in Mar. 2026 was ARS127.97. Havanna Holding's Shiller PE Ratio of today is 41.34.

During the past 13 years, the highest Shiller PE Ratio of Havanna Holding was 90.36. The lowest was 38.29. And the median was 59.46.


Havanna Holding  (BUE:HAVA) 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.

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

Shiller PE Ratio=Share Price/E10
=5290.00/127.97
=41.34

* 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 Havanna Holding was 90.36. The lowest was 38.29. And the median was 59.46.


Be Aware

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


Havanna Holding E10 Related Terms


Havanna Holding E10 Historical Data

* Premium members only.

The historical data trend for Havanna Holding'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.

Havanna Holding E10 Chart

Havanna Holding 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 0.00 0.00 0.00 83.14 109.67

Havanna Holding 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 97.84 99.83 104.28 109.67 127.97

BUE:HAVA vs MCD, SBUX, YUM: E10 Comparison

For the Restaurants subindustry, Havanna Holding'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.


Havanna Holding Shiller PE Ratio vs Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Havanna Holding's Shiller PE Ratio distribution charts can be found below:

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


BUE:HAVA
78GF Score
Havanna Holding SA BUE:HAVA
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Havanna Holding 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, Havanna Holding'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)
=163.15/330.2130*330.2130
=163.150

Current CPI (Mar. 2026) = 330.2130.

Havanna Holding Quarterly Data

per share eps CPI Adj_EPS
201606 -0.291 241.018 -0.399
201609 0.230 241.428 0.315
201612 1.000 241.432 1.368
201703 0.810 243.801 1.097
201706 0.170 244.955 0.229
201709 0.250 246.819 0.334
201712 0.260 246.524 0.348
201803 1.420 249.554 1.879
201806 0.240 251.989 0.315
201809 0.170 252.439 0.222
201812 2.440 251.233 3.207
201903 1.770 254.202 2.299
201906 0.250 256.143 0.322
201909 -0.250 256.759 -0.322
201912 1.860 256.974 2.390
202003 -2.830 258.115 -3.620
202006 0.250 257.797 0.320
202009 -0.250 260.280 -0.317
202012 -3.010 260.474 -3.816
202103 6.400 264.877 7.979
202106 -6.520 271.696 -7.924
202109 5.910 274.310 7.114
202112 1.781 278.802 2.109
202203 24.720 287.504 28.392
202206 16.740 296.311 18.655
202209 20.970 296.808 23.330
202212 71.840 296.797 79.928
202303 70.020 301.836 76.603
202306 62.660 305.109 67.816
202309 47.910 307.789 51.400
202312 121.620 306.746 130.924
202403 195.740 312.332 206.946
202406 65.470 314.175 68.812
202409 -18.810 315.301 -19.700
202412 91.830 315.605 96.080
202503 156.970 319.799 162.082
202506 12.770 322.561 13.073
202509 37.570 324.800 38.196
202512 57.420 324.054 58.511
202603 163.150 330.213 163.150

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 ARS127.97 mean?
Havanna Holding (BUE:HAVA) has a E10 of ARS127.97 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Havanna Holding and its competitors.
Is Havanna Holding's E10 too high?
Havanna Holding's current E10 is ARS127.97. Overall, Havanna Holding has a GF Score™ of 78/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Havanna Holding's E10 compare to MCD and SBUX?
Havanna Holding's E10 of ARS127.97 can be compared against companies in the Restaurants 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 Restaurants company?
A good E10 depends on the Restaurants 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 Havanna Holding and its competitors. Havanna Holding's current E10 is ARS127.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Havanna Holding stock overvalued right now?
Based on GuruFocus' analysis, Havanna Holding (BUE:HAVA) is currently considered Modestly Undervalued. The stock's GF Value™ is ARS6,831.16, compared to a current price of ARS5,290.00 — trading 22.6% below its estimated fair value. The current E10 is ARS127.97. Havanna Holding's overall GF Score™ is 78/100 with 3 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 Havanna Holding (BUE:HAVA), the current E10 is ARS127.97 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 Havanna Holding (BUE:HAVA) Overvalued in 2026?

Based on GuruFocus' analysis, Havanna Holding stock appears to be undervalued. The current stock price of ARS5,290.00 is trading 22.6% below its estimated GF Value™ of ARS6,831.16. GuruFocus considers Havanna Holding to be Modestly Undervalued.

Key valuation signals for BUE:HAVA:

  • E10: ARS127.97
  • GF Value™: ARS6,831.16 vs. price of ARS5,290.00 (22.6% below fair value)
  • GF Score™: 78/100 with 3 warning signs

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


Havanna Holding Business Description

Address Costa Rica, Buenos Aires, ARG, 4161
Havanna Holding SA is an investment company. Through its subsidiaries, it operates coffee stores franchises in Argentina, Chile. Brazil, Venezuela, Bolivia, Paraguay, Uruguay, Peru, Mexico and Spain. Its products are cookies, chocolates, lattes, frappes.
78GF Score

Get the complete analysis for BUE:HAVA

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

ARS5,290.00
Price
ARS6,831.16
GF Value