CLNE (Clean Energy Fuels) E10: $-0.37 (As of Jun. 2026)

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CLNE Clean Energy Fuels Corp CLNE
63 GF Score
Price $1.61
GF Value $2.81
Valuation Possible Value Trap
! 4 Warning Signs
View Full Analysis

What is Clean Energy Fuels E10?

Clean Energy Fuels CLNE +2.55% 63 E10 is $-0.37 as of Jun. 2026. GuruFocus rates CLNE with a GF Score™ of 63/100 and a GF Value™ of $2.81 (Possible Value Trap). The stock has 4 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.

Clean Energy Fuels's adjusted earnings per share data for the three months ended in Jun. 2026 was $-0.070. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $-0.37 for the trailing ten years ended in Jun. 2026.

During the past 3 years, the average E10 Growth Rate was 14.30% per year. During the past 5 years, the average E10 Growth Rate was 11.00% per year. During the past 10 years, the average E10 Growth Rate was 8.00% 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 Clean Energy Fuels was 14.30% per year. The lowest was -1.30% per year. And the median was 5.80% per year.

As of today (2026-08-21), Clean Energy Fuels's current stock price is $1.61. Clean Energy Fuels's E10 for the quarter that ended in Jun. 2026 was $-0.37. Clean Energy Fuels's Shiller PE Ratio of today is .


Clean Energy Fuels  (NAS:CLNE) 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.


Be Aware

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


Clean Energy Fuels E10 Related Terms


Clean Energy Fuels E10 Historical Data

* Premium members only.

The historical data trend for Clean Energy Fuels'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.

Clean Energy Fuels E10 Chart

Clean Energy Fuels 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 -0.62 -0.54 -0.51 -0.43 -0.34

Clean Energy Fuels Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 -0.42 -0.40 -0.34 -0.36 -0.37

CLNE vs SGU, FGPR, BDCO: E10 Comparison

For the Oil & Gas Refining & Marketing subindustry, Clean Energy Fuels'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.


Clean Energy Fuels Shiller PE Ratio vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Clean Energy Fuels's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Clean Energy Fuels's Shiller PE Ratio falls into.


CLNE
63GF Score
Clean Energy Fuels Corp CLNE
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Clean Energy Fuels 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, Clean Energy Fuels's adjusted earnings per share data for the three months ended in Jun. 2026 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=-0.07/333.9520*333.9520
=-0.070

Current CPI (Jun. 2026) = 333.9520.

Clean Energy Fuels Quarterly Data

per share eps CPI Adj_EPS
201609 -0.100 241.428 -0.138
201612 -0.032 241.432 -0.044
201703 0.400 243.801 0.548
201706 -0.120 244.955 -0.164
201709 -0.620 246.819 -0.839
201712 -0.190 246.524 -0.257
201803 0.080 249.554 0.107
201806 -0.070 251.989 -0.093
201809 -0.050 252.439 -0.066
201812 0.030 251.233 0.040
201903 -0.050 254.202 -0.066
201906 -0.030 256.143 -0.039
201909 -0.020 256.759 -0.026
201912 0.200 256.974 0.260
202003 0.010 258.115 0.013
202006 -0.030 257.797 -0.039
202009 -0.010 260.280 -0.013
202012 -0.010 260.474 -0.013
202103 -0.040 264.877 -0.050
202106 -0.380 271.696 -0.467
202109 -0.020 274.310 -0.024
202112 -0.010 278.802 -0.012
202203 -0.110 287.504 -0.128
202206 -0.060 296.311 -0.068
202209 -0.040 296.808 -0.045
202212 -0.060 296.797 -0.068
202303 -0.170 301.836 -0.188
202306 -0.070 305.109 -0.077
202309 -0.120 307.789 -0.130
202312 -0.080 306.746 -0.087
202403 -0.080 312.332 -0.086
202406 -0.070 314.175 -0.074
202409 -0.080 315.301 -0.085
202412 -0.130 315.605 -0.138
202503 -0.600 319.799 -0.627
202506 -0.090 322.561 -0.093
202509 -0.110 324.800 -0.113
202512 -0.200 324.054 -0.206
202603 -0.060 330.213 -0.061
202606 -0.070 333.952 -0.070

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 $-0.37 mean?
Clean Energy Fuels (CLNE) has a E10 of $-0.37 as of Jun. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Clean Energy Fuels and its competitors.
Is Clean Energy Fuels' E10 too high?
Clean Energy Fuels' current E10 is $-0.37. Overall, Clean Energy Fuels has a GF Score™ of 63/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Clean Energy Fuels' E10 compare to SGU and FGPR?
Clean Energy Fuels' E10 of $-0.37 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 Clean Energy Fuels and its competitors. Clean Energy Fuels's current E10 is $-0.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Clean Energy Fuels stock overvalued right now?
Based on GuruFocus' analysis, Clean Energy Fuels (CLNE) is currently considered Possible Value Trap. The stock's GF Value™ is $2.81, compared to a current price of $1.61 — trading 42.7% below its estimated fair value. The current E10 is $-0.37. Clean Energy Fuels' overall GF Score™ is 63/100 with 4 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 Clean Energy Fuels (CLNE), the current E10 is $-0.37 as of Jun. 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 Clean Energy Fuels (CLNE) Overvalued in 2026?

Based on GuruFocus' analysis, Clean Energy Fuels stock appears to be undervalued. The current stock price of $1.61 is trading 42.7% below its estimated GF Value™ of $2.81. GuruFocus considers Clean Energy Fuels to be Possible Value Trap.

Key valuation signals for CLNE:

  • E10: $-0.37
  • GF Value™: $2.81 vs. price of $1.61 (42.7% below fair value)
  • GF Score™: 63/100 with 4 warning signs

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


Clean Energy Fuels Business Description

Industry EnergyOil & Gas
Other Exchanges 0I04:UKWIQ:Germany
Address 4675 MacArthur Court, Suite 800, Newport Beach, CA, USA, 92660
Clean Energy Fuels Corp is a natural gas marketer and retailer operating in the United States and Canada. The company supplies compressed natural gas and liquefied natural gas for the United States (U.S.) and Canadian transportation markets. The majority of revenue is generated within the U.S. and mostly consists of compressed natural gas. The firm operates by purchasing natural gas from local utilities; compressing, cooling, or liquefying it at company-owned plants; and selling natural gas products through company-owned or customer-owned fueling stations. It also builds, operates, and maintains natural gas fueling stations for customers.
63GF Score

Get the complete analysis for CLNE

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

$1.61
Price
$2.81
GF Value