Fiera Milano SpA (CHIX:FMM) E10: €0.09 (As of Mar. 2026)


CHIX:FMM Fiera Milano SpA CHIX:FMM
75 GF Score
Price €3.13
GF Value €2.26
! 3 Warning Signs
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What is Fiera Milano SpA E10?

Fiera Milano SpA CHIX:FMM 75 E10 is €0.09 as of Mar. 2026. GuruFocus rates CHIX:FMM with a GF Score™ of 75/100 and a GF Value™ of €2.26. 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.

Fiera Milano SpA's adjusted earnings per share data for the three months ended in Mar. 2026 was €0.386. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €0.09 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Fiera Milano SpA's average E10 Growth Rate was 122.20% 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 Fiera Milano SpA was 15.70% per year. The lowest was 5.90% per year. And the median was 10.10% per year.

As of today (2026-06-27), Fiera Milano SpA's current stock price is €3.13. Fiera Milano SpA's E10 for the quarter that ended in Mar. 2026 was €0.09. Fiera Milano SpA's Shiller PE Ratio of today is 34.78.

During the past 13 years, the highest Shiller PE Ratio of Fiera Milano SpA was 143.67. The lowest was 36.63. And the median was 53.00.


Fiera Milano SpA  (CHIX:FMm) 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.

Fiera Milano SpA's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=3.13/0.09
=34.78

* 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 Fiera Milano SpA was 143.67. The lowest was 36.63. And the median was 53.00.


Be Aware

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


Fiera Milano SpA E10 Related Terms


Fiera Milano SpA E10 Historical Data

* Premium members only.

The historical data trend for Fiera Milano SpA'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.

Fiera Milano SpA E10 Chart

Fiera Milano SpA 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 -0.10 -0.09 0.03 0.07 0.08

Fiera Milano SpA 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 0.06 0.07 0.06 0.08 0.09

CHIX:FMM vs CTAS, CPRT, GPN: E10 Comparison

For the Specialty Business Services subindustry, Fiera Milano SpA'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.


Fiera Milano SpA Shiller PE Ratio vs Business Services Industry

For the Business Services industry and Industrials sector, Fiera Milano SpA's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Fiera Milano SpA's Shiller PE Ratio falls into.


CHIX:FMM
75GF Score
Fiera Milano SpA CHIX:FMM
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Fiera Milano SpA 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, Fiera Milano SpA'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)
=0.386/122.6000*122.6000
=0.386

Current CPI (Mar. 2026) = 122.6000.

Fiera Milano SpA Quarterly Data

per share eps CPI Adj_EPS
201606 -0.101 99.900 -0.124
201609 -0.129 100.100 -0.158
201612 -0.386 100.300 -0.472
201703 0.088 101.000 0.107
201706 -0.005 101.100 -0.006
201709 -0.188 101.200 -0.228
201712 0.100 101.200 0.121
201803 0.256 101.800 0.308
201806 0.192 102.400 0.230
201809 -0.091 102.600 -0.109
201812 -0.253 102.300 -0.303
201903 0.198 102.800 0.236
201906 0.141 103.100 0.168
201909 -0.175 102.900 -0.209
201912 0.199 102.800 0.237
202003 0.000 102.900 0.000
202006 -0.174 102.900 -0.207
202009 -0.281 102.300 -0.337
202012 0.066 102.600 0.079
202103 -0.247 103.700 -0.292
202106 -0.095 104.200 -0.112
202109 0.008 104.900 0.009
202112 0.954 106.600 1.097
202203 -0.180 110.400 -0.200
202206 0.255 112.500 0.278
202209 -0.061 114.200 -0.065
202212 -0.093 119.000 -0.096
202303 0.119 118.800 0.123
202306 0.244 119.700 0.250
202309 -0.028 120.300 -0.029
202312 0.303 119.700 0.310
202403 0.108 120.200 0.110
202406 0.212 120.700 0.215
202409 -0.099 121.200 -0.100
202412 0.050 121.200 0.051
202503 -0.045 122.500 -0.045
202506 0.367 122.700 0.367
202509 -0.085 123.100 -0.085
202512 0.472 122.600 0.472
202603 0.386 122.600 0.386

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 €0.09 mean?
Fiera Milano SpA (CHIX:FMM) has a E10 of €0.09 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Fiera Milano SpA and its competitors.
Is Fiera Milano SpA's E10 too high?
Fiera Milano SpA's current E10 is €0.09. Overall, Fiera Milano SpA has a GF Score™ of 75/100, reflecting its overall financial health beyond just this single metric.
How does Fiera Milano SpA's E10 compare to CTAS and CPRT?
Fiera Milano SpA's E10 of €0.09 can be compared against companies in the Business Services 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 Business Services company?
A good E10 depends on the Business Services 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 Fiera Milano SpA and its competitors. Fiera Milano SpA's current E10 is €0.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fiera Milano SpA stock overvalued right now?
Fiera Milano SpA (CHIX:FMM) has a current E10 of €0.09. The stock's GF Value™ is €2.26, compared to a current price of €3.13 — trading 38.5% above its estimated fair value. The current E10 is €0.09. Fiera Milano SpA's overall GF Score™ is 75/100 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 Fiera Milano SpA (CHIX:FMM), the current E10 is €0.09 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 Fiera Milano SpA (CHIX:FMM) Overvalued in 2026?

Based on GuruFocus' analysis, Fiera Milano SpA stock appears to be overvalued. The current stock price of €3.13 is trading 38.5% above its estimated GF Value™ of €2.26.

Key valuation signals for CHIX:FMM:

  • E10: €0.09
  • GF Value™: €2.26 vs. price of €3.13 (38.5% above fair value)
  • GF Score™: 75/100 with 3 warning signs

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


Fiera Milano SpA Business Description

Other Exchanges FM:Italy0EGH:UKFM3:Germany
Address Strada Statale del Sempione, Rho, Milan, ITA, 28-20017
Fiera Milano SpA is a trade fair company. Its operating segments include Italian Exhibitions Business, Foreign Exhibitions Business, Congresses, and Other Sectors. The Italian Exhibitions and Foreign Exhibitions segment covers all activities for organizing and hosting exhibitions and other events in Italy and abroad through the use, promotion, and offer of furnished exhibition spaces, project support, and ancillary services. It also engages in stand-fitting, technical, and exhibition site services. The Congresses segment covers the management of conferences and events. It generates the majority of the revenue from Italian exhibitions segment. Geographically, it operates in Italy and Abroad, where it derives maximum revenue from Italy.
75GF Score

Get the complete analysis for CHIX:FMM

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

€3.13
Price
€2.26
GF Value