CMB.Tech NV (CHIX:CMBTB) E10: €1.29 (As of Mar. 2026)


CHIX:CMBTB CMB.Tech NV CHIX:CMBTB
86 GF Score
Price €13.20
GF Value €16.93
Valuation Modestly Undervalued
! 7 Warning Signs
View Full Analysis

What is CMB.Tech NV E10?

CMB.Tech NV CHIX:CMBTB 86 E10 is €1.29 as of Mar. 2026. GuruFocus rates CHIX:CMBTB with a GF Score™ of 86/100 and a GF Value™ of €16.93 (Modestly Undervalued). The stock has 7 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.

CMB.Tech NV's adjusted earnings per share data for the three months ended in Mar. 2026 was €1.099. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €1.29 for the trailing ten years ended in Mar. 2026.

During the past 12 months, CMB.Tech NV's average E10 Growth Rate was -9.80% per year. During the past 3 years, the average E10 Growth Rate was 45.80% per year. During the past 5 years, the average E10 Growth Rate was 195.70% 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 CMB.Tech NV was 357.90% per year. The lowest was 45.80% per year. And the median was 317.90% per year.

As of today (2026-06-29), CMB.Tech NV's current stock price is €13.20. CMB.Tech NV's E10 for the quarter that ended in Mar. 2026 was €1.29. CMB.Tech NV's Shiller PE Ratio of today is 10.23.

During the past 13 years, the highest Shiller PE Ratio of CMB.Tech NV was 848.50. The lowest was 5.10. And the median was 22.97.


CMB.Tech NV  (CHIX:CMBTb) 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.

CMB.Tech NV's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=13.20/1.29
=10.23

* 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 CMB.Tech NV was 848.50. The lowest was 5.10. And the median was 22.97.


Be Aware

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


CMB.Tech NV E10 Related Terms


CMB.Tech NV E10 Historical Data

* Premium members only.

The historical data trend for CMB.Tech NV'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.

CMB.Tech NV E10 Chart

CMB.Tech NV 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 0.02 0.48 1.02 2.34 1.26

CMB.Tech NV 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 2.71 2.75 1.25 1.26 1.29

CHIX:CMBTB vs WMB, EPD, KMI: E10 Comparison

For the Oil & Gas Midstream subindustry, CMB.Tech NV'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.


CMB.Tech NV Shiller PE Ratio vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, CMB.Tech NV's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where CMB.Tech NV's Shiller PE Ratio falls into.


CHIX:CMBTB
86GF Score
CMB.Tech NV CHIX:CMBTB
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

CMB.Tech NV 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, CMB.Tech NV'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)
=1.099/135.0710*135.0710
=1.099

Current CPI (Mar. 2026) = 135.0710.

CMB.Tech NV Quarterly Data

per share eps CPI Adj_EPS
201606 0.223 102.267 0.295
201609 0.000 102.118 0.000
201612 0.303 102.614 0.399
201703 0.206 103.972 0.268
201706 -0.142 103.902 -0.185
201709 -0.143 104.170 -0.185
201712 0.101 104.804 0.130
201803 -0.203 105.419 -0.260
201806 -0.051 106.063 -0.065
201809 -0.249 106.618 -0.315
201812 0.026 107.252 0.033
201903 0.080 107.876 0.100
201906 -0.159 107.896 -0.199
201909 -0.091 107.470 -0.114
201912 0.639 108.065 0.799
202003 0.950 108.550 1.182
202006 1.074 108.540 1.337
202009 0.204 108.441 0.254
202012 -0.205 108.511 -0.255
202103 -0.294 109.522 -0.363
202106 -0.374 110.305 -0.458
202109 -0.442 111.543 -0.535
202112 -0.319 114.705 -0.376
202203 -0.200 118.620 -0.228
202206 -0.019 120.948 -0.021
202209 0.081 124.120 0.088
202212 1.104 126.578 1.178
202303 0.813 126.528 0.868
202306 0.738 125.973 0.791
202309 0.534 127.083 0.568
202312 1.843 128.292 1.940
202403 2.263 130.552 2.341
202406 0.901 130.691 0.931
202409 0.469 130.968 0.484
202412 0.468 132.346 0.478
202503 0.213 134.348 0.214
202506 0.035 133.495 0.035
202509 0.060 133.743 0.061
202512 0.265 135.071 0.265
202603 1.099 135.071 1.099

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 €1.29 mean?
CMB.Tech NV (CHIX:CMBTB) has a E10 of €1.29 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on CMB.Tech NV and its competitors.
Is CMB.Tech NV's E10 too high?
CMB.Tech NV's current E10 is €1.29. Overall, CMB.Tech NV has a GF Score™ of 86/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does CMB.Tech NV's E10 compare to WMB and EPD?
CMB.Tech NV's E10 of €1.29 can be compared against companies in the Oil & Gas 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 Oil & Gas company?
A good E10 depends on the Oil & Gas 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 CMB.Tech NV and its competitors. CMB.Tech NV's current E10 is €1.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CMB.Tech NV stock overvalued right now?
Based on GuruFocus' analysis, CMB.Tech NV (CHIX:CMBTB) is currently considered Modestly Undervalued. The stock's GF Value™ is €16.93, compared to a current price of €13.20 — trading 22% below its estimated fair value. The current E10 is €1.29. CMB.Tech NV's overall GF Score™ is 86/100 with 7 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 CMB.Tech NV (CHIX:CMBTB), the current E10 is €1.29 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 CMB.Tech NV (CHIX:CMBTB) Overvalued in 2026?

Based on GuruFocus' analysis, CMB.Tech NV stock appears to be undervalued. The current stock price of €13.20 is trading 22% below its estimated GF Value™ of €16.93. GuruFocus considers CMB.Tech NV to be Modestly Undervalued.

Key valuation signals for CHIX:CMBTB:

  • E10: €1.29
  • GF Value™: €16.93 vs. price of €13.20 (22% below fair value)
  • GF Score™: 86/100 with 7 warning signs

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


CMB.Tech NV Business Description

Industry EnergyOil & Gas
Address De Gerlachekaai 20, Antwerpen, BEL, 2000
CMB.Tech NV owns and operates a fleet of vessels for international maritime shipping and storage of crude oil and petroleum products. It generate a large parts of their revenue from voyage charters, including vessels in pools that predominantly perform voyage charters. The company organizes itself into three divisons: the Marine division, the H2 Infra division and the H2 Industry division. The Marine Division derives maximum revenue which builds, owns, operates and designs a wide range of low and zerocarbon ships and features a fleet with vessels such as Crew Transfer Vessels, ferries, Commissioning Service Operations Vessels, and tugboats, alongside ammonia-powered large bulk carriers, container ships, chemical and crude oil tankers.
86GF Score

Get the complete analysis for CHIX:CMBTB

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

€13.20
Price
€16.93
GF Value