Ercros (CHIX:ECRE) E10: €0.25 (As of Mar. 2026)


CHIX:ECRE Ercros SA CHIX:ECRE
73 GF Score
Price €3.40
GF Value €2.93
! 7 Warning Signs
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What is Ercros E10?

Ercros CHIX:ECRE 73 E10 is €0.25 as of Mar. 2026. GuruFocus rates CHIX:ECRE with a GF Score™ of 73/100 and a GF Value™ of €2.93. 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.

Ercros's adjusted earnings per share data for the three months ended in Mar. 2026 was €-0.149. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €0.25 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Ercros's average E10 Growth Rate was -21.90% per year. During the past 3 years, the average E10 Growth Rate was -2.30% per year. During the past 5 years, the average E10 Growth Rate was 14.70% 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 Ercros was 30.10% per year. The lowest was -2.30% per year. And the median was 19.30% per year.

As of today (2026-06-25), Ercros's current stock price is €3.395. Ercros's E10 for the quarter that ended in Mar. 2026 was €0.25. Ercros's Shiller PE Ratio of today is 13.58.

During the past 13 years, the highest Shiller PE Ratio of Ercros was 26.94. The lowest was 6.94. And the median was 12.36.


Ercros  (CHIX:ECRe) 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.

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

Shiller PE Ratio=Share Price/E10
=3.395/0.25
=13.58

* 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 Ercros was 26.94. The lowest was 6.94. And the median was 12.36.


Be Aware

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


Ercros E10 Related Terms


Ercros E10 Historical Data

* Premium members only.

The historical data trend for Ercros'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.

Ercros E10 Chart

Ercros 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 0.24 0.30 0.40 0.30 0.28

Ercros 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 0.35 0.31 0.33 0.28 0.25

CHIX:ECRE vs DOW: E10 Comparison

For the Chemicals subindustry, Ercros'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.


Ercros Shiller PE Ratio vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Ercros's Shiller PE Ratio distribution charts can be found below:

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


CHIX:ECRE
73GF Score
Ercros SA CHIX:ECRE
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ercros 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, Ercros'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)
=-0.149/128.4016*128.4016
=-0.149

Current CPI (Mar. 2026) = 128.4016.

Ercros Quarterly Data

per share eps CPI Adj_EPS
201606 0.102 100.333 0.131
201609 0.067 99.737 0.086
201612 0.157 101.842 0.198
201703 0.081 100.896 0.103
201706 0.129 101.848 0.163
201709 0.089 101.524 0.113
201712 0.095 102.975 0.118
201803 0.086 102.122 0.108
201806 0.175 104.165 0.216
201809 0.075 103.818 0.093
201812 0.080 104.193 0.099
201903 0.035 103.488 0.043
201906 0.065 104.612 0.080
201909 0.065 103.905 0.080
201912 0.131 105.015 0.160
202003 0.008 103.469 0.010
202006 0.035 104.254 0.043
202009 0.002 103.521 0.002
202012 0.017 104.456 0.021
202103 0.087 104.857 0.107
202106 0.116 107.102 0.139
202109 0.060 107.669 0.072
202112 0.173 111.298 0.200
202203 0.174 115.153 0.194
202206 0.295 118.044 0.321
202209 0.043 117.221 0.047
202212 0.132 117.650 0.144
202303 0.139 118.948 0.150
202306 0.042 120.278 0.045
202309 -0.119 121.343 -0.126
202312 0.240 121.300 0.254
202403 0.033 122.762 0.035
202406 -0.018 124.409 -0.019
202409 -0.101 123.121 -0.105
202412 -0.042 124.753 -0.043
202503 -0.133 125.531 -0.136
202506 -0.187 127.251 -0.189
202509 -0.131 126.842 -0.133
202512 -0.135 128.402 -0.135
202603 -0.149 128.402 -0.149

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 €0.25 mean?
Ercros (CHIX:ECRE) has a E10 of €0.25 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Ercros and its competitors.
Is Ercros' E10 too high?
Ercros' current E10 is €0.25. Overall, Ercros has a GF Score™ of 73/100, reflecting its overall financial health beyond just this single metric.
How does Ercros' E10 compare to DOW?
Ercros' E10 of €0.25 can be compared against companies in the Chemicals 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 Chemicals company?
A good E10 depends on the Chemicals 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 Ercros and its competitors. Ercros's current E10 is €0.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ercros stock overvalued right now?
Ercros (CHIX:ECRE) has a current E10 of €0.25. The stock's GF Value™ is €2.93, compared to a current price of €3.40 — trading 15.9% above its estimated fair value. The current E10 is €0.25. Ercros' overall GF Score™ is 73/100 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 Ercros (CHIX:ECRE), the current E10 is €0.25 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 Ercros (CHIX:ECRE) Overvalued in 2026?

Based on GuruFocus' analysis, Ercros stock appears to be overvalued. The current stock price of €3.40 is trading 15.9% above its estimated GF Value™ of €2.93.

Key valuation signals for CHIX:ECRE:

  • E10: €0.25
  • GF Value™: €2.93 vs. price of €3.40 (15.9% above fair value)
  • GF Score™: 73/100 with 7 warning signs

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


Ercros Business Description

Address Avinguda Diagonal, 593-595, Barcelona, ESP, 08014
Ercros SA is a chemical manufacturing company operating in basic and plastic chemicals divisions, intermediate chemicals division, and pharmaceuticals division. The company's product portfolio includes Caustic soda, Hydrochloric acid, Sodium chloride, Sodium hypochlorite, Glues and resins, Moulding compounds, Pentaerythritol, Erythromycin, Fosfomycin, Fusidic acid, among others. Its products are supplied to various industries including the chemical industry, construction, wood industry, paints, food industry, pharmaceuticals, electric material, and water treatment. The majority of the revenue is derived from the sale of basic chemicals in the local markets.
73GF Score

Get the complete analysis for CHIX:ECRE

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

€3.40
Price
€2.93
GF Value