Ledesma (BUE:LEDE) E10: ARS16.85 (As of Nov. 2025)


BUE:LEDE Ledesma SA BUE:LEDE
64 GF Score
Price ARS749.00
GF Value ARS975.84
Valuation Modestly Undervalued
! 6 Warning Signs
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What is Ledesma E10?

Ledesma BUE:LEDE +0.27% 64 E10 is ARS16.85 as of Nov. 2025. GuruFocus rates BUE:LEDE with a GF Score™ of 64/100 and a GF Value™ of ARS975.84 (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.

Ledesma's adjusted earnings per share data for the three months ended in Nov. 2025 was ARS-14.710. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ARS16.85 for the trailing ten years ended in Nov. 2025.

During the past 12 months, Ledesma's average E10 Growth Rate was -40.70% per year. During the past 3 years, the average E10 Growth Rate was 73.50% 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 Ledesma was 162.00% per year. The lowest was 73.50% per year. And the median was 117.75% per year.

As of today (2026-06-24), Ledesma's current stock price is ARS749.00. Ledesma's E10 for the quarter that ended in Nov. 2025 was ARS16.85. Ledesma's Shiller PE Ratio of today is 44.45.

During the past 13 years, the highest Shiller PE Ratio of Ledesma was 1078.33. The lowest was 16.74. And the median was 36.16.


Ledesma  (BUE:LEDE) 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.

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

Shiller PE Ratio=Share Price/E10
=749.00/16.85
=44.45

* 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 Ledesma was 1078.33. The lowest was 16.74. And the median was 36.16.


Be Aware

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


Ledesma E10 Related Terms


Ledesma E10 Historical Data

* Premium members only.

The historical data trend for Ledesma'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.

Ledesma E10 Chart

Ledesma Annual Data
Trend May16 May17 May18 May19 May20 May21 May22 May23 May24 May25
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.49 4.23 15.03 26.81 22.08

Ledesma Quarterly Data
Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25
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 28.40 27.82 22.08 18.31 16.85

BUE:LEDE vs HON, MMM: E10 Comparison

For the Conglomerates subindustry, Ledesma'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.


Ledesma Shiller PE Ratio vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, Ledesma's Shiller PE Ratio distribution charts can be found below:

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


BUE:LEDE
64GF Score
Ledesma SA BUE:LEDE
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ledesma 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, Ledesma's adjusted earnings per share data for the three months ended in Nov. 2025 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Nov. 2025 (Change)*Current CPI (Nov. 2025)
=-14.71/324.1220*324.1220
=-14.710

Current CPI (Nov. 2025) = 324.1220.

Ledesma Quarterly Data

per share eps CPI Adj_EPS
201602 0.120 237.111 0.164
201605 -0.310 240.229 -0.418
201608 -0.110 240.849 -0.148
201611 -0.080 241.353 -0.107
201702 -0.060 243.603 -0.080
201705 -0.100 244.733 -0.132
201708 -0.450 245.519 -0.594
201711 0.370 246.669 0.486
201802 -0.780 248.991 -1.015
201805 0.770 251.588 0.992
201808 -3.560 252.146 -4.576
201811 0.250 252.038 0.322
201902 0.570 252.776 0.731
201905 -1.410 256.092 -1.785
201908 -3.540 256.558 -4.472
201911 3.280 257.208 4.133
202002 0.890 258.678 1.115
202005 2.300 256.394 2.908
202008 0.420 259.918 0.524
202011 10.150 260.229 12.642
202102 4.260 263.014 5.250
202105 -0.150 269.195 -0.181
202108 3.030 273.567 3.590
202111 -1.890 277.948 -2.204
202202 7.660 283.716 8.751
202205 17.758 292.296 19.692
202208 2.130 296.171 2.331
202211 8.990 297.711 9.788
202302 33.500 300.840 36.093
202305 61.540 304.127 65.586
202308 14.000 307.026 14.780
202311 152.030 307.051 160.482
202402 73.870 310.326 77.154
202405 -131.240 314.069 -135.441
202408 -18.920 314.796 -19.481
202411 33.770 315.493 34.694
202502 -9.010 319.082 -9.152
202505 -59.410 321.465 -59.901
202508 -39.300 323.976 -39.318
202511 -14.710 324.122 -14.710

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 ARS16.85 mean?
Ledesma (BUE:LEDE) has a E10 of ARS16.85 as of Nov. 2025. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Ledesma and its competitors.
Is Ledesma's E10 too high?
Ledesma's current E10 is ARS16.85. Overall, Ledesma has a GF Score™ of 64/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ledesma's E10 compare to HON and MMM?
Ledesma's E10 of ARS16.85 can be compared against companies in the Conglomerates 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 Conglomerates company?
A good E10 depends on the Conglomerates 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 Ledesma and its competitors. Ledesma's current E10 is ARS16.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ledesma stock overvalued right now?
Based on GuruFocus' analysis, Ledesma (BUE:LEDE) is currently considered Modestly Undervalued. The stock's GF Value™ is ARS975.84, compared to a current price of ARS749.00 — trading 23.2% below its estimated fair value. The current E10 is ARS16.85. Ledesma's overall GF Score™ is 64/100 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 Ledesma (BUE:LEDE), the current E10 is ARS16.85 as of Nov. 2025. 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 Ledesma (BUE:LEDE) Overvalued in 2026?

Based on GuruFocus' analysis, Ledesma stock appears to be undervalued. The current stock price of ARS749.00 is trading 23.2% below its estimated GF Value™ of ARS975.84. GuruFocus considers Ledesma to be Modestly Undervalued.

Key valuation signals for BUE:LEDE:

  • E10: ARS16.85
  • GF Value™: ARS975.84 vs. price of ARS749.00 (23.2% below fair value)
  • GF Score™: 64/100 with 6 warning signs

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


Ledesma Business Description

Address Avenida Corrientes 415, 8th Floor, Capital Federal, Buenos Aires, ARG
Ledesma SA is engaged in the production of sugar, paper, alcohol, bioethanol, energy, natural juices, meat, syrups, corn starches and cereals. The company also produces notebooks and other school supplies. The geographical scope of the Ledesma Group's operations is mainly in the Argentine Republic. It mainly carry out activities mainly of sugar sugar mill, alcohol distillery both hydrated intended for traditional uses and anhydrous, for bio-fuels, manufacturing of paper and stationery, production of fruits and juices and Agriculture and Livestock. It is one of the main players in the local markets for the production and marketing of sugar, alcohol, reams of paper, notebooks, coated papers and school supplies, and is the main exporter of oranges and grapefruits in the country.
64GF Score

Get the complete analysis for BUE:LEDE

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

ARS749.00
Price
ARS975.84
GF Value