Heidelberg Materials Bangladesh (DHA:HEIDELBCEM) E10: BDT6.96 (As of Jun. 2026)

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Director of Data and Quant Analytics at GuruFocus
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Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

DHA:HEIDELBCEM Heidelberg Materials Bangladesh PLC DHA:HEIDELBCEM
71 GF Score
Price BDT210.70
GF Value BDT201.84
Valuation Fairly Valued
! 1 Warning Sign
View Full Analysis

What is Heidelberg Materials Bangladesh E10?

Heidelberg Materials Bangladesh DHA:HEIDELBCEM +1.00% 71 E10 is BDT6.96 as of Jun. 2026. GuruFocus rates DHA:HEIDELBCEM with a GF Score™ of 71/100 and a GF Value™ of BDT201.84 (Fairly Valued). The stock has 1 warning sign 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.

Heidelberg Materials Bangladesh's adjusted earnings per share data for the three months ended in Jun. 2026 was BDT-1.090. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is BDT6.96 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Heidelberg Materials Bangladesh's average E10 Growth Rate was -36.10% per year. During the past 3 years, the average E10 Growth Rate was -14.30% 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 Heidelberg Materials Bangladesh was -14.30% per year. The lowest was -14.30% per year. And the median was -14.30% per year.

As of today (2026-09-02), Heidelberg Materials Bangladesh's current stock price is BDT210.70. Heidelberg Materials Bangladesh's E10 for the quarter that ended in Jun. 2026 was BDT6.96. Heidelberg Materials Bangladesh's Shiller PE Ratio of today is 30.27.

During the past 13 years, the highest Shiller PE Ratio of Heidelberg Materials Bangladesh was 34.97. The lowest was 10.80. And the median was 18.01.


Heidelberg Materials Bangladesh  (DHA:HEIDELBCEM) 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.

Heidelberg Materials Bangladesh's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=210.70/6.96
=30.27

* 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 Heidelberg Materials Bangladesh was 34.97. The lowest was 10.80. And the median was 18.01.


Be Aware

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


Heidelberg Materials Bangladesh E10 Related Terms


Heidelberg Materials Bangladesh E10 Historical Data

* Premium members only.

The historical data trend for Heidelberg Materials Bangladesh'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.

Heidelberg Materials Bangladesh E10 Chart

Heidelberg Materials Bangladesh 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 15.21 13.82 12.26 9.56

Heidelberg Materials Bangladesh 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 10.89 10.44 9.56 8.23 6.96

DHA:HEIDELBCEM vs CRH, MLM, VMC: E10 Comparison

For the Building Materials subindustry, Heidelberg Materials Bangladesh'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.


Heidelberg Materials Bangladesh Shiller PE Ratio vs Building Materials Industry

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

* The bar in red indicates where Heidelberg Materials Bangladesh's Shiller PE Ratio falls into.


DHA:HEIDELBCEM
71GF Score
Heidelberg Materials Bangladesh PLC DHA:HEIDELBCEM
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Heidelberg Materials Bangladesh 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, Heidelberg Materials Bangladesh'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)
=-1.09/333.9520*333.9520
=-1.090

Current CPI (Jun. 2026) = 333.9520.

Heidelberg Materials Bangladesh Quarterly Data

per share eps CPI Adj_EPS
201609 4.470 241.428 6.183
201612 2.923 241.432 4.043
201703 6.310 243.801 8.643
201706 6.400 244.955 8.725
201709 1.720 246.819 2.327
201712 -0.220 246.524 -0.298
201803 5.340 249.554 7.146
201806 4.210 251.989 5.579
201809 2.140 252.439 2.831
201812 2.640 251.233 3.509
201903 3.420 254.202 4.493
201906 -0.720 256.143 -0.939
201909 -2.530 256.759 -3.291
201912 -3.470 256.974 -4.509
202003 0.770 258.115 0.996
202006 -3.310 257.797 -4.288
202009 -0.480 260.280 -0.616
202012 2.930 260.474 3.757
202103 8.230 264.877 10.376
202106 3.560 271.696 4.376
202109 -1.910 274.310 -2.325
202112 -1.473 278.802 -1.764
202203 -2.970 287.504 -3.450
202206 -0.660 296.311 -0.744
202209 -0.640 296.808 -0.720
202212 0.139 296.797 0.156
202303 6.850 301.836 7.579
202306 1.610 305.109 1.762
202309 0.480 307.789 0.521
202312 -0.810 306.746 -0.882
202403 6.960 312.332 7.442
202406 0.500 314.175 0.531
202409 -0.140 315.301 -0.148
202412 0.860 315.605 0.910
202503 3.480 319.799 3.634
202506 0.470 322.561 0.487
202509 0.160 324.800 0.165
202512 -0.560 324.054 -0.577
202603 -0.880 330.213 -0.890
202606 -1.090 333.952 -1.090

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 BDT6.96 mean?
Heidelberg Materials Bangladesh (DHA:HEIDELBCEM) has a E10 of BDT6.96 as of Jun. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Heidelberg Materials Bangladesh and its competitors.
Is Heidelberg Materials Bangladesh's E10 too high?
Heidelberg Materials Bangladesh's current E10 is BDT6.96. Overall, Heidelberg Materials Bangladesh has a GF Score™ of 71/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Heidelberg Materials Bangladesh's E10 compare to CRH and MLM?
Heidelberg Materials Bangladesh's E10 of BDT6.96 can be compared against companies in the Building Materials 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 Building Materials company?
A good E10 depends on the Building Materials 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 Heidelberg Materials Bangladesh and its competitors. Heidelberg Materials Bangladesh's current E10 is BDT6.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Heidelberg Materials Bangladesh stock overvalued right now?
Based on GuruFocus' analysis, Heidelberg Materials Bangladesh (DHA:HEIDELBCEM) is currently considered Fairly Valued. The stock's GF Value™ is BDT201.84, compared to a current price of BDT210.70 — trading 4.4% above its estimated fair value. The current E10 is BDT6.96. Heidelberg Materials Bangladesh's overall GF Score™ is 71/100 with 1 warning sign 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 Heidelberg Materials Bangladesh (DHA:HEIDELBCEM), the current E10 is BDT6.96 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 Heidelberg Materials Bangladesh (DHA:HEIDELBCEM) Overvalued in 2026?

Based on GuruFocus' analysis, Heidelberg Materials Bangladesh stock appears to be overvalued. The current stock price of BDT210.70 is trading 4.4% above its estimated GF Value™ of BDT201.84. GuruFocus considers Heidelberg Materials Bangladesh to be Fairly Valued.

Key valuation signals for DHA:HEIDELBCEM:

  • E10: BDT6.96
  • GF Value™: BDT201.84 vs. price of BDT210.70 (4.4% above fair value)
  • GF Score™: 71/100 with 1 warning sign

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


Heidelberg Materials Bangladesh Business Description

Address Road No.142, Symphony (6th & 7th Floor), Plot No. SE (F)9, Gulshan Avenue South, Dhaka, BGD, 1212
Heidelberg Materials Bangladesh PLC offers a diverse and sustainable range of cement solutions. Its product portfolio comprises Ordinary Portland Cement (OPC), Portland Composite Cement (PCC), Blast Furnace/Composite Cement (Multi-Purpose Cement), evoBuild, and Sulphate Resistant Cement (SRC), marketed under the Company's two brands, ScanCement and RubyCement. The Company is engaged in projects such as Bijoy Sarani, Mohakhali Flyover, Lalon Shah (Pakshi) Bridge, Shah Amanat International Airport, Third Karnaphuli Bridge, Summit Meghnaghat Power Plant, North-South University, Chittagong Port Flyover, Dhaka Chattogram Four-Lane Highway, and many others.
71GF Score

Get the complete analysis for DHA:HEIDELBCEM

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

BDT210.70
Price
BDT201.84
GF Value