Neoenergia (FRA:2Q40) E10: €1.92 (As of Mar. 2026)


FRA:2Q40 Neoenergia SA FRA:2Q40
77 GF Score
Price €19.60
GF Value €13.34
! 8 Warning Signs
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What is Neoenergia E10?

Neoenergia FRA:2Q40 77 E10 is €1.92 as of Mar. 2026. GuruFocus rates FRA:2Q40 with a GF Score™ of 77/100 and a GF Value™ of €13.34. The stock has 8 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.

Neoenergia's adjusted earnings per share data for the three months ended in Mar. 2026 was €0.701. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €1.92 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Neoenergia's average E10 Growth Rate was 17.10% per year. During the past 3 years, the average E10 Growth Rate was 14.30% per year. During the past 5 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 Neoenergia was 14.40% per year. The lowest was 13.50% per year. And the median was 14.30% per year.

As of today (2026-07-12), Neoenergia's current stock price is €19.60. Neoenergia's E10 for the quarter that ended in Mar. 2026 was €1.92. Neoenergia's Shiller PE Ratio of today is 10.21.

During the past 13 years, the highest Shiller PE Ratio of Neoenergia was 16.39. The lowest was 7.30. And the median was 9.54.


Neoenergia  (FRA:2Q40) 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.

Neoenergia's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=19.60/1.92
=10.21

* 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 Neoenergia was 16.39. The lowest was 7.30. And the median was 9.54.


Be Aware

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


Neoenergia E10 Related Terms


Neoenergia E10 Historical Data

* Premium members only.

The historical data trend for Neoenergia'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.

Neoenergia E10 Chart

Neoenergia 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 1.41 1.70

Neoenergia 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 1.62 1.35 1.57 1.70 1.92

FRA:2Q40 vs NEE, SO, DUK: E10 Comparison

For the Utilities - Regulated Electric subindustry, Neoenergia'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.


Neoenergia Shiller PE Ratio vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Neoenergia's Shiller PE Ratio distribution charts can be found below:

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


FRA:2Q40
77GF Score
Neoenergia SA FRA:2Q40
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Neoenergia 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, Neoenergia'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)
=0.701/175.0655*175.0655
=0.701

Current CPI (Mar. 2026) = 175.0655.

Neoenergia Quarterly Data

per share eps CPI Adj_EPS
201606 0.156 108.851 0.251
201609 -0.033 109.986 -0.053
201612 0.048 110.802 0.076
201703 0.223 111.869 0.349
201706 0.184 112.115 0.287
201709 -0.023 112.777 -0.036
201712 0.166 114.068 0.255
201803 0.257 114.868 0.392
201806 0.300 117.038 0.449
201809 0.361 117.881 0.536
201812 0.228 118.340 0.337
201903 0.374 120.124 0.545
201906 0.393 120.977 0.569
201909 0.436 121.292 0.629
201912 0.446 123.436 0.633
202003 0.363 124.092 0.512
202006 0.239 123.557 0.339
202009 0.422 125.095 0.591
202012 0.524 129.012 0.711
202103 0.495 131.660 0.658
202106 0.545 133.871 0.713
202109 0.702 137.913 0.891
202112 0.265 141.992 0.327
202203 0.729 146.537 0.871
202206 0.667 149.784 0.780
202209 0.948 147.800 1.123
202212 0.554 150.207 0.646
202303 0.717 153.352 0.819
202306 0.456 154.519 0.517
202309 0.964 155.464 1.086
202312 0.606 157.148 0.675
202403 0.687 159.372 0.755
202406 0.462 161.052 0.502
202409 0.449 162.342 0.484
202412 0.438 164.740 0.465
202503 0.527 168.102 0.549
202506 0.838 169.670 0.865
202509 0.483 170.739 0.495
202512 0.758 171.765 0.773
202603 0.701 175.066 0.701

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 €1.92 mean?
Neoenergia (FRA:2Q40) has a E10 of €1.92 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Neoenergia and its competitors.
Is Neoenergia's E10 too high?
Neoenergia's current E10 is €1.92. Overall, Neoenergia has a GF Score™ of 77/100, reflecting its overall financial health beyond just this single metric.
How does Neoenergia's E10 compare to NEE and SO?
Neoenergia's E10 of €1.92 can be compared against companies in the Utilities - Regulated 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 an Utilities - Regulated company?
A good E10 depends on the Utilities - Regulated 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 Neoenergia and its competitors. Neoenergia's current E10 is €1.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Neoenergia stock overvalued right now?
Neoenergia (FRA:2Q40) has a current E10 of €1.92. The stock's GF Value™ is €13.34, compared to a current price of €19.60 — trading 46.9% above its estimated fair value. The current E10 is €1.92. Neoenergia's overall GF Score™ is 77/100 with 8 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 Neoenergia (FRA:2Q40), the current E10 is €1.92 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 Neoenergia (FRA:2Q40) Overvalued in 2026?

Based on GuruFocus' analysis, Neoenergia stock appears to be overvalued. The current stock price of €19.60 is trading 46.9% above its estimated GF Value™ of €13.34.

Key valuation signals for FRA:2Q40:

  • E10: €1.92
  • GF Value™: €13.34 vs. price of €19.60 (46.9% above fair value)
  • GF Score™: 77/100 with 8 warning signs

No single metric tells the full story. See the FRA:2Q40 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Neoenergia Business Description

Other Exchanges NEOE3:Brazil
Address Praia do Flamengo 78, 3rd floor, Flamengo, RJ, BRA
Neoenergia SA is principally dedicated to the activities of distribution, transmission, generation, and commercialization of electricity. The main activities of the operating segments are as follows: (i) Networks - comprising business lines related to concessions for electricity distribution and transmission services; (ii) Renewables - comprising activities related to concessions for electricity generation services from renewable natural sources, such as wind farms, solar farms and hydroelectric plants; (iii) Liberalized - comprising electricity generation activities from thermal power plants and energy trading activities; and (iv) Other - including corporate and operational support activities. The company generates the majority of its revenue from Networks segment.
77GF Score

Get the complete analysis for FRA:2Q40

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

€19.60
Price
€13.34
GF Value