Befesa (CHIX:BFSAD) E10: €1.55 (As of Mar. 2026)


CHIX:BFSAD Befesa SA CHIX:BFSAD
72 GF Score
Price €33.90
GF Value €45.73
Valuation Modestly Overvalued
! 5 Warning Signs
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What is Befesa E10?

Befesa CHIX:BFSAD 72 E10 is €1.55 as of Mar. 2026. GuruFocus rates CHIX:BFSAD with a GF Score™ of 72/100 and a GF Value™ of €45.73 (Modestly Overvalued). 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.

Befesa's adjusted earnings per share data for the three months ended in Mar. 2026 was €0.520. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €1.55 for the trailing ten years ended in Mar. 2026.

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 (2026-06-28), Befesa's current stock price is €33.90. Befesa's E10 for the quarter that ended in Mar. 2026 was €1.55. Befesa's Shiller PE Ratio of today is 21.87.

During the past 13 years, the highest Shiller PE Ratio of Befesa was 24.19. The lowest was 17.21. And the median was 19.10.


Befesa  (CHIX:BFSAd) 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.

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

Shiller PE Ratio=Share Price/E10
=33.90/1.55
=21.87

* 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 Befesa was 24.19. The lowest was 17.21. And the median was 19.10.


Be Aware

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


Befesa E10 Related Terms


Befesa E10 Historical Data

* Premium members only.

The historical data trend for Befesa'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.

Befesa E10 Chart

Befesa 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 0.00 1.47

Befesa 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 0.00 1.48 1.45 1.47 1.55

CHIX:BFSAD vs WM, RSG, WCN: E10 Comparison

For the Waste Management subindustry, Befesa'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.


Befesa Shiller PE Ratio vs Waste Management Industry

For the Waste Management industry and Industrials sector, Befesa's Shiller PE Ratio distribution charts can be found below:

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


CHIX:BFSAD
72GF Score
Befesa SA CHIX:BFSAD
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Befesa 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, Befesa'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)
=0.52/126.1800*126.1800
=0.520

Current CPI (Mar. 2026) = 126.1800.

Befesa Quarterly Data

per share eps CPI Adj_EPS
201606 0.223 100.660 0.280
201609 0.091 100.750 0.114
201612 -3.990 101.040 -4.983
201703 0.621 101.780 0.770
201706 0.343 102.170 0.424
201709 0.142 102.520 0.175
201712 -0.354 102.410 -0.436
201803 0.640 102.900 0.785
201806 0.680 103.650 0.828
201809 0.530 104.580 0.639
201812 0.800 104.320 0.968
201903 0.650 105.140 0.780
201906 0.580 105.550 0.693
201909 0.550 105.900 0.655
201912 0.645 106.080 0.767
202003 0.430 106.040 0.512
202006 0.170 106.340 0.202
202009 0.320 106.620 0.379
202012 0.475 106.670 0.562
202103 0.730 108.140 0.852
202106 0.600 108.680 0.697
202109 0.400 109.470 0.461
202112 0.956 111.090 1.086
202203 0.670 114.780 0.737
202206 0.580 116.750 0.627
202209 0.930 117.000 1.003
202212 0.474 117.060 0.511
202303 0.380 118.910 0.403
202306 0.130 120.460 0.136
202309 0.180 121.740 0.187
202312 0.760 121.170 0.791
202403 0.240 122.590 0.247
202406 0.260 123.120 0.266
202409 0.120 123.300 0.123
202412 0.646 122.430 0.666
202503 0.470 124.210 0.477
202506 0.540 125.820 0.542
202509 0.520 126.570 0.518
202512 0.490 126.180 0.490
202603 0.520 126.180 0.520

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 €1.55 mean?
Befesa (CHIX:BFSAD) has a E10 of €1.55 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Befesa and its competitors.
Is Befesa's E10 too high?
Befesa's current E10 is €1.55. Overall, Befesa has a GF Score™ of 72/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Befesa's E10 compare to WM and RSG?
Befesa's E10 of €1.55 can be compared against companies in the Waste Management 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 Waste Management company?
A good E10 depends on the Waste Management 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 Befesa and its competitors. Befesa's current E10 is €1.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Befesa stock overvalued right now?
Based on GuruFocus' analysis, Befesa (CHIX:BFSAD) is currently considered Modestly Overvalued. The stock's GF Value™ is €45.73, compared to a current price of €33.90 — trading 25.9% below its estimated fair value. The current E10 is €1.55. Befesa's overall GF Score™ is 72/100 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 Befesa (CHIX:BFSAD), the current E10 is €1.55 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 Befesa (CHIX:BFSAD) Overvalued in 2026?

Based on GuruFocus' analysis, Befesa stock appears to be undervalued. The current stock price of €33.90 is trading 25.9% below its estimated GF Value™ of €45.73. GuruFocus considers Befesa to be Modestly Overvalued.

Key valuation signals for CHIX:BFSAD:

  • E10: €1.55
  • GF Value™: €45.73 vs. price of €33.90 (25.9% below fair value)
  • GF Score™: 72/100 with 5 warning signs

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


Befesa Business Description

Address 68-70, Boulevard de la Petrusse, Grand Duchy of Luxembourg, Luxembourg, LUX, L-2320
Befesa SA provides sustainable services for the recycling of hazardous residues from the Steel & Aluminium industry. It operates in two business segments: Steel dust recycling services & Aluminum salt slags recycling services. In the Steel Dust Recycling segment, the company collects & recycles steel dust and other steel residues generated in the production of crude, stainless, and galvanized steel. The Aluminum Salt Slags recycling services are divided into salt slags & secondary aluminum segments. Its secondary aluminum operations include the collection and recycling of aluminum scrap and other aluminum residues. Geographically, it generates the majority of its revenue from Spain, and also has a presence in Germany, Belgium, Finland, the Netherlands, Italy, France, and other countries.
72GF Score

Get the complete analysis for CHIX:BFSAD

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

€33.90
Price
€45.73
GF Value