Cemat AS (FRA:1X9) E10: €0.00 (As of Dec. 2025)

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Director of Data and Quant Analytics at GuruFocus
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FRA:1X9 Cemat AS FRA:1X9
71 GF Score
Price €0.09
GF Value €0.55
Valuation Possible Value Trap
! 2 Warning Signs
View Full Analysis

What is Cemat AS E10?

Cemat AS FRA:1X9 -1.68% 71 E10 is €0.00 as of Dec. 2025. GuruFocus rates FRA:1X9 with a GF Score™ of 71/100 and a GF Value™ of €0.55 (Possible Value Trap). The stock has 2 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.

Cemat AS's adjusted earnings per share data for the fiscal year that ended in Dec. 2025 was €0.033. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €0.00 for the trailing ten years ended in Dec. 2025.

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 Cemat AS was 20.60% per year. The lowest was -58.70% per year. And the median was -15.10% per year.

As of today (2026-07-21), Cemat AS's current stock price is € 0.0938. Cemat AS's E10 for the fiscal year that ended in Dec. 2025 was €0.00. Cemat AS's Shiller PE Ratio of today is .

During the past 13 years, the highest Shiller PE Ratio of Cemat AS was 23.25. The lowest was 15.00. And the median was 20.70.


Cemat AS  (FRA:1X9) 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 Cemat AS was 23.25. The lowest was 15.00. And the median was 20.70.


Be Aware

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


Cemat AS E10 Related Terms


Cemat AS E10 Historical Data

* Premium members only.

The historical data trend for Cemat AS'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.

Cemat AS E10 Chart

Cemat AS 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 0.00

Cemat AS Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 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 0.00 0.00 0.00 0.00 0.00

FRA:1X9 vs CBRE, BEKE, JLL: E10 Comparison

For the Real Estate Services subindustry, Cemat AS'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.


Cemat AS Shiller PE Ratio vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Cemat AS's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Cemat AS's Shiller PE Ratio falls into.


FRA:1X9
71GF Score
Cemat AS FRA:1X9
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Cemat AS 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, Cemat AS's adjusted earnings per share data for the fiscal year that ended in Dec. 2025 was:

Adj_EPS=Earnings per Share (Diluted) /CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=0.033/121.2000*121.2000
=0.033

Current CPI (Dec. 2025) = 121.2000.

Cemat AS Annual Data

per_share_eps CPI Adj_EPS
201612 -0.013 100.300 -0.016
201712 -0.001 101.300 -0.001
201812 0.000 102.100 0.000
201912 0.003 102.900 0.004
202012 0.001 103.400 0.001
202112 0.013 106.600 0.015
202212 0.011 115.900 0.012
202312 0.005 116.700 0.005
202412 0.007 118.900 0.007
202512 0.033 121.200 0.033

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 €0.00 mean?
Cemat AS (FRA:1X9) has a E10 of €0.00 as of Dec. 2025. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Cemat AS and its competitors.
Is Cemat AS's E10 too high?
Cemat AS's current E10 is €0.00. Overall, Cemat AS has a GF Score™ of 71/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Cemat AS's E10 compare to CBRE and BEKE?
Cemat AS's E10 of €0.00 can be compared against companies in the Real Estate 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 Real Estate company?
A good E10 depends on the Real Estate 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 Cemat AS and its competitors. Cemat AS's current E10 is €0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cemat AS stock overvalued right now?
Based on GuruFocus' analysis, Cemat AS (FRA:1X9) is currently considered Possible Value Trap. The stock's GF Value™ is €0.55, compared to a current price of €0.09 — trading 82.9% below its estimated fair value. The current E10 is €0.00. Cemat AS's overall GF Score™ is 71/100 with 2 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 Cemat AS (FRA:1X9), the current E10 is €0.00 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 Cemat AS (FRA:1X9) Overvalued in 2026?

Based on GuruFocus' analysis, Cemat AS stock appears to be undervalued. The current stock price of €0.09 is trading 82.9% below its estimated GF Value™ of €0.55. GuruFocus considers Cemat AS to be Possible Value Trap.

Key valuation signals for FRA:1X9:

  • E10: €0.00
  • GF Value™: €0.55 vs. price of €0.09 (82.9% below fair value)
  • GF Score™: 71/100 with 2 warning signs

No single metric tells the full story. See the FRA:1X9 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Cemat AS Business Description

Other Exchanges CEMAT:Denmark
Address c/o DLA Piper Denmark Law Firm P/S, Oslo Plads 2, Copenhagen V, DNK, 2100
Cemat AS is a Denmark-based holding company that engages in the real estate business. The Group comprises two segments that is Property management division comprising letting of premises and land and the provision of utilities to tenants, including power, water, natural gas, facility services, etc. and the other is Property development including the preparation and implementation of development projects, in the field of housing and commercial space. The company derives maximum revenue from Property Management & Holding Segment.
71GF Score

Get the complete analysis for FRA:1X9

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

€0.09
Price
€0.55
GF Value