SF Holding Co (FRA:2NM0) E10: €0.15 (As of Mar. 2026)

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Director of Data and Quant Analytics at GuruFocus
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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.

FRA:2NM0 SF Holding Co Ltd FRA:2NM0
75 GF Score
Price €3.58
GF Value €4.79
Valuation Modestly Undervalued
! 2 Warning Signs
View Full Analysis

What is SF Holding Co E10?

SF Holding Co FRA:2NM0 +1.72% 75 E10 is €0.15 as of Mar. 2026. GuruFocus rates FRA:2NM0 with a GF Score™ of 75/100 and a GF Value™ of €4.79 (Modestly Undervalued). 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.

SF Holding Co's adjusted earnings per share data for the three months ended in Mar. 2026 was €0.063. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €0.15 for the trailing ten years ended in Mar. 2026.

During the past 12 months, SF Holding Co's average E10 Growth Rate was -17.30% per year. During the past 3 years, the average E10 Growth Rate was 0.90% per year. During the past 5 years, the average E10 Growth Rate was 5.60% 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 SF Holding Co was 12.10% per year. The lowest was 0.90% per year. And the median was 10.25% per year.

As of today (2026-07-16), SF Holding Co's current stock price is €3.58. SF Holding Co's E10 for the quarter that ended in Mar. 2026 was €0.15. SF Holding Co's Shiller PE Ratio of today is 23.87.

During the past 13 years, the highest Shiller PE Ratio of SF Holding Co was 93.68. The lowest was 19.00. And the median was 36.22.


SF Holding Co  (FRA:2NM0) 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.

SF Holding Co's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=3.58/0.15
=23.87

* 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 SF Holding Co was 93.68. The lowest was 19.00. And the median was 36.22.


Be Aware

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


SF Holding Co E10 Related Terms


SF Holding Co E10 Historical Data

* Premium members only.

The historical data trend for SF Holding 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.

SF Holding Co E10 Chart

SF Holding 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 0.00 0.00 0.00 0.18 0.14

SF Holding Co 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 0.19 0.19 0.20 0.14 0.15

FRA:2NM0 vs UPS, FDX, JBHT: E10 Comparison

For the Integrated Freight & Logistics subindustry, SF Holding 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.


SF Holding Co Shiller PE Ratio vs Transportation Industry

For the Transportation industry and Industrials sector, SF Holding Co's Shiller PE Ratio distribution charts can be found below:

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


FRA:2NM0
75GF Score
SF Holding Co Ltd FRA:2NM0
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

SF Holding 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, SF Holding Co'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)
=0.063/116.3033*116.3033
=0.063

Current CPI (Mar. 2026) = 116.3033.

SF Holding Co Quarterly Data

per share eps CPI Adj_EPS
201606 0.036 101.400 0.041
201609 0.052 102.400 0.059
201612 0.032 102.600 0.036
201703 0.024 103.200 0.027
201706 0.035 103.100 0.039
201709 0.052 104.100 0.058
201712 0.033 104.500 0.037
201803 0.028 105.300 0.031
201806 0.037 104.900 0.041
201809 0.021 106.600 0.023
201812 0.045 106.500 0.049
201903 0.038 107.700 0.041
201906 0.053 107.700 0.057
201909 0.034 109.800 0.036
201912 0.044 111.200 0.046
202003 0.027 112.300 0.028
202006 0.080 110.400 0.084
202009 0.051 111.700 0.053
202012 0.048 111.500 0.050
202103 -0.028 112.662 -0.029
202106 0.050 111.769 0.052
202109 0.030 112.215 0.031
202112 0.074 113.108 0.076
202203 0.030 114.335 0.031
202206 0.042 114.558 0.043
202209 0.059 115.339 0.059
202212 0.047 115.116 0.047
202303 0.047 115.116 0.047
202306 0.066 114.558 0.067
202309 0.055 115.339 0.055
202312 0.053 114.781 0.054
202403 0.050 115.227 0.050
202406 0.078 114.781 0.079
202409 0.074 115.785 0.074
202412 0.070 114.893 0.071
202503 0.057 115.116 0.058
202506 0.086 114.907 0.087
202509 0.061 115.471 0.061
202512 0.067 115.832 0.067
202603 0.063 116.303 0.063

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 €0.15 mean?
SF Holding Co (FRA:2NM0) has a E10 of €0.15 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on SF Holding Co and its competitors.
Is SF Holding Co's E10 too high?
SF Holding Co's current E10 is €0.15. Overall, SF Holding Co has a GF Score™ of 75/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does SF Holding Co's E10 compare to UPS and FDX?
SF Holding Co's E10 of €0.15 can be compared against companies in the Transportation 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 Transportation company?
A good E10 depends on the Transportation 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 SF Holding Co and its competitors. SF Holding Co's current E10 is €0.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SF Holding Co stock overvalued right now?
Based on GuruFocus' analysis, SF Holding Co (FRA:2NM0) is currently considered Modestly Undervalued. The stock's GF Value™ is €4.79, compared to a current price of €3.58 — trading 25.3% below its estimated fair value. The current E10 is €0.15. SF Holding Co's overall GF Score™ is 75/100 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 SF Holding Co (FRA:2NM0), the current E10 is €0.15 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 SF Holding Co (FRA:2NM0) Overvalued in 2026?

Based on GuruFocus' analysis, SF Holding Co stock appears to be undervalued. The current stock price of €3.58 is trading 25.3% below its estimated GF Value™ of €4.79. GuruFocus considers SF Holding Co to be Modestly Undervalued.

Key valuation signals for FRA:2NM0:

  • E10: €0.15
  • GF Value™: €4.79 vs. price of €3.58 (25.3% below fair value)
  • GF Score™: 75/100 with 2 warning signs

No single metric tells the full story. See the FRA:2NM0 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


SF Holding Co Business Description

Address Keji South 1st Road, TK Chuangzhi Tiandi Building, Nanshan District, Guangdong Province, Shenzhen, CHN
SF Holding was the largest logistics integrated service provider in China and Asia, and the fourth largest globally in 2025 by revenue, according to Frost & Sullivan. It is the only large integrated logistics service provider in Asia that has direct control of its operations with minimal reliance on network partners. It is also independent of any e-commerce platforms. The company is equipped with full-product service capabilities in time-definite express delivery, economic express delivery, freight, cold chain and pharmaceutical, intracity on-demand delivery, international express delivery, international freight and forwarding, and supply chain.
75GF Score

Get the complete analysis for FRA:2NM0

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

€3.58
Price
€4.79
GF Value