FMX (Fomento Economico MexicanoB de CV) E10: $ (As of Jun. 2026)

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FMX Fomento Economico Mexicano SAB de CV FMX
90 GF Score
Price $118.72
GF Value $132.66
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Fomento Economico MexicanoB de CV E10?

Fomento Economico MexicanoB de CV FMX -1.39% 90 E10 is $ as of Jun. 2026. GuruFocus rates FMX with a GF Score™ of 90/100 and a GF Value™ of $132.66 (Modestly Undervalued). 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.

Fomento Economico MexicanoB de CV's adjusted earnings per share data for the three months ended in Jun. 2026 was $0.939. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $ for the trailing ten years ended in Jun. 2026.

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 Fomento Economico MexicanoB de CV was 16.00% per year. The lowest was -17.60% per year. And the median was 2.40% per year.

As of today (2026-09-20), Fomento Economico MexicanoB de CV's current stock price is $118.72. Fomento Economico MexicanoB de CV's E10 for the quarter that ended in Jun. 2026 was $. Fomento Economico MexicanoB de CV's Shiller PE Ratio of today is .

During the past 13 years, the highest Shiller PE Ratio of Fomento Economico MexicanoB de CV was 42.99. The lowest was 16.54. And the median was 24.21.


Fomento Economico MexicanoB de CV  (NYSE:FMX) 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.

During the past 13 years, the highest Shiller P/E Ratio of Fomento Economico MexicanoB de CV was 42.99. The lowest was 16.54. And the median was 24.21.


Be Aware

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


Fomento Economico MexicanoB de CV E10 Related Terms


Fomento Economico MexicanoB de CV E10 Historical Data

* Premium members only.

The historical data trend for Fomento Economico MexicanoB de CV'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.

Fomento Economico MexicanoB de CV E10 Chart

Fomento Economico MexicanoB de CV Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
E10
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Fomento Economico MexicanoB de CV Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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FMX vs STZ, TAP: E10 Comparison

For the Beverages - Brewers subindustry, Fomento Economico MexicanoB de CV'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.


Fomento Economico MexicanoB de CV Shiller PE Ratio vs Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Fomento Economico MexicanoB de CV's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Fomento Economico MexicanoB de CV's Shiller PE Ratio falls into.


FMX
90GF Score
Fomento Economico Mexicano SAB de CV FMX
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Fomento Economico MexicanoB de CV 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, Fomento Economico MexicanoB de CV'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)
=0.9394/165.5700*165.5700
=0.939

Current CPI (Jun. 2026) = 165.5700.

Fomento Economico MexicanoB de CV Quarterly Data

per share eps CPI Adj_EPS
201609 0.985 103.084 1.582
201612 0.937 105.002 1.478
201703 0.464 108.063 0.711
201706 0.700 108.339 1.069
201709 5.119 109.628 7.731
201712 0.770 112.114 1.137
201803 0.000 113.505 0.000
201806 1.267 113.373 1.850
201809 0.691 115.130 0.994
201812 1.493 117.530 2.104
201903 0.325 118.050 0.456
201906 0.935 117.848 1.313
201909 1.046 118.581 1.461
201912 0.696 120.854 0.953
202003 1.086 121.885 1.475
202006 -1.401 121.777 -1.904
202009 0.408 123.341 0.547
202012 -0.169 124.661 -0.225
202103 0.627 127.574 0.814
202106 0.430 128.936 0.552
202109 130.742 0.000
202112 0.904 133.830 1.119
202203 0.543 137.082 0.656
202206 0.726 139.233 0.863
202209 1.484 142.116 1.728
202212 0.558 144.291 0.640
202303 7.202 146.472 8.141
202306 0.973 146.272 1.102
202309 1.595 148.446 1.779
202312 0.274 151.017 0.301
202403 0.464 152.947 0.502
202406 2.041 153.551 2.200
202409 0.871 155.246 0.929
202412 0.764 157.378 0.804
202503 0.468 158.761 0.488
202506 0.402 160.180 0.415
202509 0.377 161.030 0.387
202512 1.357 163.190 1.377
202603 2.474 166.040 2.467
202606 0.939 165.570 0.939

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 $ mean?
Fomento Economico MexicanoB de CV (FMX) has a E10 of $ as of Jun. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Fomento Economico MexicanoB de CV and its competitors.
Is Fomento Economico MexicanoB de CV's E10 too high?
Fomento Economico MexicanoB de CV's current E10 is $. Overall, Fomento Economico MexicanoB de CV has a GF Score™ of 90/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Fomento Economico MexicanoB de CV's E10 compare to STZ and TAP?
Fomento Economico MexicanoB de CV's E10 of $ can be compared against companies in the Beverages - Alcoholic 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 Beverages - Alcoholic company?
A good E10 depends on the Beverages - Alcoholic 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 Fomento Economico MexicanoB de CV and its competitors. Fomento Economico MexicanoB de CV's current E10 is $. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fomento Economico MexicanoB de CV stock overvalued right now?
Based on GuruFocus' analysis, Fomento Economico MexicanoB de CV (FMX) is currently considered Modestly Undervalued. The stock's GF Value™ is $132.66, compared to a current price of $118.72 — trading 10.5% below its estimated fair value. The current E10 is $. Fomento Economico MexicanoB de CV's overall GF Score™ is 90/100 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 Fomento Economico MexicanoB de CV (FMX), the current E10 is $ 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 Fomento Economico MexicanoB de CV (FMX) Overvalued in 2026?

Based on GuruFocus' analysis, Fomento Economico MexicanoB de CV stock appears to be undervalued. The current stock price of $118.72 is trading 10.5% below its estimated GF Value™ of $132.66. GuruFocus considers Fomento Economico MexicanoB de CV to be Modestly Undervalued.

Key valuation signals for FMX:

  • E10: $
  • GF Value™: $132.66 vs. price of $118.72 (10.5% below fair value)
  • GF Score™: 90/100 with 4 warning signs

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


Fomento Economico MexicanoB de CV Business Description

Address General Anaya No. 601 Pte., Colonia Bella Vista, Monterrey, NL, MEX, 64410
Mexico-based Femsa is a beverage and retail conglomerate in Central and South America. The holding company owns controlling stakes in bottler Coca-Cola Femsa (47% economic stake, 56% voting rights), in addition to operating 100%-owned retail assets, including convenience stores under the Oxxo banner, drugstores, and gas stations. The firm divested its 15% stake in Heineken and its distribution business in 2023. Coca-Cola Femsa and the Oxxo chain made up over 70% of total company revenue and over 90% of profits in 2025.
90GF Score

Get the complete analysis for FMX

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

$118.72
Price
$132.66
GF Value