CNSWY (Constellation Software) E10: $0.12 (As of Mar. 2026)


CNSWY Constellation Software Inc CNSWY
67 GF Score
Price $9.73
GF Value $20.25
Valuation Significantly Undervalued
! 3 Warning Signs
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What is Constellation Software E10?

Constellation Software CNSWY +1.25% 67 E10 is $0.12 as of Mar. 2026. GuruFocus rates CNSWY with a GF Score™ of 67/100 and a GF Value™ of $20.25 (Significantly Undervalued). 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.

Constellation Software's adjusted earnings per share data for the three months ended in Mar. 2026 was $0.087. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $0.12 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Constellation Software's average E10 Growth Rate was 14.90% per year. During the past 3 years, the average E10 Growth Rate was 16.10% per year. During the past 5 years, the average E10 Growth Rate was 17.90% per year. During the past 10 years, the average E10 Growth Rate was 22.60% 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 Constellation Software was 36.00% per year. The lowest was 16.10% per year. And the median was 24.30% per year.

As of today (2026-07-02), Constellation Software's current stock price is $9.73. Constellation Software's E10 for the quarter that ended in Mar. 2026 was $0.12. Constellation Software's Shiller PE Ratio of today is 81.08.

During the past 13 years, the highest Shiller PE Ratio of Constellation Software was 185.87. The lowest was 70.90. And the median was 116.70.


Constellation Software  (OTCPK:CNSWY) 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.

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

Shiller PE Ratio=Share Price/E10
=9.73/0.12
=81.08

* 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 Constellation Software was 185.87. The lowest was 70.90. And the median was 116.70.


Be Aware

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


Constellation Software E10 Related Terms


Constellation Software E10 Historical Data

* Premium members only.

The historical data trend for Constellation Software'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.

Constellation Software E10 Chart

Constellation Software 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 0.14

Constellation Software 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 0.00 0.00 0.14 0.12

CNSWY vs UBER, SHOP, CRM: E10 Comparison

For the Software - Application subindustry, Constellation Software'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.


Constellation Software Shiller PE Ratio vs Software Industry

For the Software industry and Technology sector, Constellation Software's Shiller PE Ratio distribution charts can be found below:

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


CNSWY
67GF Score
Constellation Software Inc CNSWY
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Constellation Software 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, Constellation Software'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)
=0.087/132.2623*132.2623
=0.087

Current CPI (Mar. 2026) = 132.2623.

Constellation Software Quarterly Data

per share eps CPI Adj_EPS
201606 0.013 102.002 0.017
201609 0.016 101.765 0.021
201612 0.016 101.449 0.021
201703 0.010 102.634 0.013
201706 0.012 103.029 0.015
201709 0.013 103.345 0.017
201712 0.018 103.345 0.023
201803 0.020 105.004 0.025
201806 0.012 105.557 0.015
201809 0.016 105.636 0.020
201812 0.042 105.399 0.053
201903 0.020 106.979 0.025
201906 0.017 107.690 0.021
201909 0.019 107.611 0.023
201912 0.022 107.769 0.027
202003 0.020 107.927 0.025
202006 0.020 108.401 0.024
202009 0.029 108.164 0.035
202012 0.035 108.559 0.043
202103 -0.002 110.298 -0.002
202106 0.021 111.720 0.025
202109 0.025 112.905 0.029
202112 0.029 113.774 0.034
202203 0.023 117.646 0.026
202206 0.030 120.806 0.033
202209 0.032 120.648 0.035
202212 0.036 120.964 0.039
202303 0.022 122.702 0.024
202306 0.024 124.203 0.026
202309 0.054 125.230 0.057
202312 0.033 125.072 0.035
202403 0.025 126.258 0.026
202406 0.042 127.522 0.044
202409 0.039 127.285 0.041
202412 0.067 127.364 0.070
202503 0.032 129.181 0.033
202506 0.013 129.892 0.013
202509 0.049 130.287 0.050
202512 0.026 130.366 0.026
202603 0.087 132.262 0.087

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 $0.12 mean?
Constellation Software (CNSWY) has a E10 of $0.12 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Constellation Software and its competitors.
Is Constellation Software's E10 too high?
Constellation Software's current E10 is $0.12. Overall, Constellation Software has a GF Score™ of 67/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Constellation Software's E10 compare to UBER and SHOP?
Constellation Software's E10 of $0.12 can be compared against companies in the Software 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 Software company?
A good E10 depends on the Software 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 Constellation Software and its competitors. Constellation Software's current E10 is $0.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Constellation Software stock overvalued right now?
Based on GuruFocus' analysis, Constellation Software (CNSWY) is currently considered Significantly Undervalued. The stock's GF Value™ is $20.25, compared to a current price of $9.73 — trading 52% below its estimated fair value. The current E10 is $0.12. Constellation Software's overall GF Score™ is 67/100 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 Constellation Software (CNSWY), the current E10 is $0.12 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 Constellation Software (CNSWY) Overvalued in 2026?

Based on GuruFocus' analysis, Constellation Software stock appears to be undervalued. The current stock price of $9.73 is trading 52% below its estimated GF Value™ of $20.25. GuruFocus considers Constellation Software to be Significantly Undervalued.

Key valuation signals for CNSWY:

  • E10: $0.12
  • GF Value™: $20.25 vs. price of $9.73 (52% below fair value)
  • GF Score™: 67/100 with 3 warning signs

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


Constellation Software Business Description

Address 66 Wellington Street West, Suite 5300, Td Bank Tower, Toronto, ON, CAN, M5K 1E6
Constellation Software is an acquirer, manager, and developer of vertical market software, or VMS, businesses globally. VMS differentiates from horizontal software in that it provides mission critical solutions within a specific industry for customers in a particular market. Constellation operates through a decentralized model in which each business operates as its own independent entity. Managers of individual businesses are incentivized to optimize their business for returns on invested capital and revenue growth. Excess cash generated by the individual businesses is repatriated to portfolio managers who focus on allocating as much capital as possible on new acquisitions. As of 2026, Constellation consisted of over 1,000 individual businesses.
67GF Score

Get the complete analysis for CNSWY

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

$9.73
Price
$20.25
GF Value