FIRRY (First Tractor Co) E10: $0.11 (As of Dec. 2025)


FIRRY First Tractor Co Ltd FIRRY
82 GF Score
Price $4.19
GF Value $4.56
! 7 Warning Signs
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What is First Tractor Co E10?

First Tractor Co FIRRY 82 E10 is $0.11 as of Dec. 2025. GuruFocus rates FIRRY with a GF Score™ of 82/100 and a GF Value™ of $4.56. 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.

First Tractor Co's adjusted earnings per share data for the three months ended in Dec. 2025 was $-0.230. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $0.11 for the trailing ten years ended in Dec. 2025.

During the past 12 months, First Tractor Co's average E10 Growth Rate was -8.30% per year. During the past 3 years, the average E10 Growth Rate was 26.00% per year. During the past 5 years, the average E10 Growth Rate was 27.50% 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 First Tractor Co was 38.70% per year. The lowest was 26.00% per year. And the median was 31.00% per year.

As of today (2026-06-26), First Tractor Co's current stock price is $4.19. First Tractor Co's E10 for the quarter that ended in Dec. 2025 was $0.11. First Tractor Co's Shiller PE Ratio of today is 38.09.

During the past 13 years, the highest Shiller PE Ratio of First Tractor Co was 52.63. The lowest was 21.06. And the median was 30.11.


First Tractor Co  (OTCPK:FIRRY) 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.

First Tractor Co's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=4.19/0.11
=38.09

* 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 First Tractor Co was 52.63. The lowest was 21.06. And the median was 30.11.


Be Aware

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


First Tractor Co E10 Related Terms


First Tractor Co E10 Historical Data

* Premium members only.

The historical data trend for First Tractor Co'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.

First Tractor Co E10 Chart

First Tractor Co 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 0.12 0.14 0.15 0.14 0.11

First Tractor Co Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Jun25 Sep25 Dec25
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 0.13 0.14 0.00 0.15 0.11

FIRRY vs CAT, DE, PCAR: E10 Comparison

For the Farm & Heavy Construction Machinery subindustry, First Tractor Co'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.


First Tractor Co Shiller PE Ratio vs Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, First Tractor Co's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where First Tractor Co's Shiller PE Ratio falls into.


FIRRY
82GF Score
First Tractor Co Ltd FIRRY
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
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First Tractor Co 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, First Tractor Co's adjusted earnings per share data for the three months ended in Dec. 2025 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=-0.23/115.8323*115.8323
=-0.230

Current CPI (Dec. 2025) = 115.8323.

First Tractor Co Quarterly Data

per share eps CPI Adj_EPS
201512 -0.122 100.600 -0.140
201603 0.143 102.200 0.162
201606 0.100 101.400 0.114
201609 0.141 102.400 0.159
201612 -0.041 102.600 -0.046
201703 0.094 103.200 0.106
201706 -0.047 103.100 -0.053
201709 0.063 104.100 0.070
201712 -0.026 104.500 -0.029
201803 0.077 105.300 0.085
201806 -0.303 104.900 -0.335
201809 -0.373 106.600 -0.405
201812 -1.331 106.500 -1.448
201903 0.068 107.700 0.073
201906 -0.037 107.700 -0.040
201909 0.072 109.800 0.076
201912 -0.013 111.200 -0.014
202003 0.287 112.300 0.296
202006 0.179 110.400 0.188
202009 0.230 111.700 0.239
202012 -0.306 111.500 -0.318
202103 0.553 112.662 0.569
202106 0.162 111.769 0.168
202109 0.216 112.215 0.223
202112 -0.329 113.108 -0.337
202203 0.674 114.335 0.683
202206 0.134 114.558 0.135
202209 0.272 115.339 0.273
202212 -0.146 115.116 -0.147
202303 0.627 115.116 0.631
202306 0.334 114.558 0.338
202309 0.404 115.339 0.406
202312 -0.110 114.781 -0.111
202403 0.741 115.227 0.745
202406 0.375 114.781 0.378
202409 0.246 115.785 0.246
202412 -0.219 114.893 -0.221
202506 0.000 114.907 0.000
202509 0.281 115.471 0.282
202512 -0.230 115.832 -0.230

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 $0.11 mean?
First Tractor Co (FIRRY) has a E10 of $0.11 as of Dec. 2025. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on First Tractor Co and its competitors.
Is First Tractor Co's E10 too high?
First Tractor Co's current E10 is $0.11. Overall, First Tractor Co has a GF Score™ of 82/100, reflecting its overall financial health beyond just this single metric.
How does First Tractor Co's E10 compare to CAT and DE?
First Tractor Co's E10 of $0.11 can be compared against companies in the Farm & Heavy Construction Machinery 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 Farm & Heavy Construction Machinery company?
A good E10 depends on the Farm & Heavy Construction Machinery 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 First Tractor Co and its competitors. First Tractor Co's current E10 is $0.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Tractor Co stock overvalued right now?
First Tractor Co (FIRRY) has a current E10 of $0.11. The stock's GF Value™ is $4.56, compared to a current price of $4.19 — trading 8.1% below its estimated fair value. The current E10 is $0.11. First Tractor Co's overall GF Score™ is 82/100 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 First Tractor Co (FIRRY), the current E10 is $0.11 as of Dec. 2025. 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 First Tractor Co (FIRRY) Overvalued in 2026?

Based on GuruFocus' analysis, First Tractor Co stock appears to be undervalued. The current stock price of $4.19 is trading 8.1% below its estimated GF Value™ of $4.56.

Key valuation signals for FIRRY:

  • E10: $0.11
  • GF Value™: $4.56 vs. price of $4.19 (8.1% below fair value)
  • GF Score™: 82/100 with 7 warning signs

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


First Tractor Co Business Description

Address No. 154 Jianshe Road, Henan Province, Luoyang, CHN, 471004
First Tractor Co Ltd is an agricultural machinery and equipment manufacturing service provider in China. The company focuses on the R&D and manufacturing of medium and largesized tractors and their core components, accelerating the product upgrades towards high-end, intelligent and green technologies. The company has two reportable segments: agricultural machinery segment and power machinery segment. The agricultural machinery segment is responsible for the production and sales of agricultural tractors and harvesters. The power machinery segment is mainly responsible for the production and sales of diesel engines. The majority of the company's revenue is derived from the Agricultural machinery segment.
82GF Score

Get the complete analysis for FIRRY

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

$4.19
Price
$4.56
GF Value