Kogeneracja (FRA:2ZO) E10: €2.82 (As of Mar. 2026)

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FRA:2ZO Kogeneracja SA FRA:2ZO
82 GF Score
Price €15.36
GF Value €12.99
Valuation Modestly Overvalued
! 3 Warning Signs
View Full Analysis

What is Kogeneracja E10?

Kogeneracja FRA:2ZO -0.26% 82 E10 is €2.82 as of Mar. 2026. GuruFocus rates FRA:2ZO with a GF Score™ of 82/100 and a GF Value™ of €12.99 (Modestly Overvalued). The stock has 3 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.

Kogeneracja's adjusted earnings per share data for the three months ended in Mar. 2026 was €3.351. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €2.82 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Kogeneracja's average E10 Growth Rate was 10.80% per year. During the past 3 years, the average E10 Growth Rate was 12.70% per year. During the past 5 years, the average E10 Growth Rate was 13.10% 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 Kogeneracja was 17.00% per year. The lowest was -5.40% per year. And the median was 9.10% per year.

As of today (2026-09-03), Kogeneracja's current stock price is €15.36. Kogeneracja's E10 for the quarter that ended in Mar. 2026 was €2.82. Kogeneracja's Shiller PE Ratio of today is 5.45.

During the past 13 years, the highest Shiller PE Ratio of Kogeneracja was 10.26. The lowest was 2.58. And the median was 4.83.


Kogeneracja  (FRA:2ZO) 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.

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

Shiller PE Ratio=Share Price/E10
=15.36/2.82
=5.45

* 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 Kogeneracja was 10.26. The lowest was 2.58. And the median was 4.83.


Be Aware

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


Kogeneracja E10 Related Terms


Kogeneracja E10 Historical Data

* Premium members only.

The historical data trend for Kogeneracja'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.

Kogeneracja E10 Chart

Kogeneracja 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 1.43 1.66 2.26 2.45 2.75

Kogeneracja 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 2.66 2.61 2.60 2.75 2.82

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

For the Utilities - Regulated Electric subindustry, Kogeneracja'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.


Kogeneracja Shiller PE Ratio vs Utilities - Regulated Industry

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

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


FRA:2ZO
82GF Score
Kogeneracja SA FRA:2ZO
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Kogeneracja 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, Kogeneracja'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)
=3.351/163.0700*163.0700
=3.351

Current CPI (Mar. 2026) = 163.0700.

Kogeneracja Quarterly Data

per share eps CPI Adj_EPS
201606 0.176 99.552 0.288
201609 -0.466 99.064 -0.767
201612 1.069 100.366 1.737
201703 1.572 101.018 2.538
201706 -0.199 101.180 -0.321
201709 -0.176 101.343 -0.283
201712 0.865 102.564 1.375
201803 1.701 102.564 2.704
201806 -1.465 103.378 -2.311
201809 -0.405 103.378 -0.639
201812 0.288 103.785 0.453
201903 1.118 104.274 1.748
201906 -0.307 105.983 -0.472
201909 -0.244 105.983 -0.375
201912 0.736 107.123 1.120
202003 2.081 109.076 3.111
202006 0.026 109.402 0.039
202009 -0.375 109.320 -0.559
202012 0.216 109.565 0.321
202103 1.094 112.658 1.584
202106 0.199 113.960 0.285
202109 -0.216 115.588 -0.305
202112 -0.192 119.088 -0.263
202203 1.179 125.031 1.538
202206 0.028 131.705 0.035
202209 -0.005 135.531 -0.006
202212 1.148 139.113 1.346
202303 3.358 145.950 3.752
202306 0.220 147.009 0.244
202309 -0.103 146.113 -0.115
202312 0.546 147.741 0.603
202403 2.154 149.044 2.357
202406 0.478 150.997 0.516
202409 -0.138 153.439 -0.147
202412 0.680 154.660 0.717
202503 2.001 157.021 2.078
202506 0.352 157.509 0.364
202509 -0.237 158.000 -0.245
202512 2.240 158.320 2.307
202603 3.351 163.070 3.351

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 €2.82 mean?
Kogeneracja (FRA:2ZO) has a E10 of €2.82 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Kogeneracja and its competitors.
Is Kogeneracja's E10 too high?
Kogeneracja's current E10 is €2.82. Overall, Kogeneracja has a GF Score™ of 82/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Kogeneracja's E10 compare to NEE and SO?
Kogeneracja's E10 of €2.82 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 Kogeneracja and its competitors. Kogeneracja's current E10 is €2.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kogeneracja stock overvalued right now?
Based on GuruFocus' analysis, Kogeneracja (FRA:2ZO) is currently considered Modestly Overvalued. The stock's GF Value™ is €12.99, compared to a current price of €15.36 — trading 18.2% above its estimated fair value. The current E10 is €2.82. Kogeneracja's overall GF Score™ is 82/100 with 3 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 Kogeneracja (FRA:2ZO), the current E10 is €2.82 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 Kogeneracja (FRA:2ZO) Overvalued in 2026?

Based on GuruFocus' analysis, Kogeneracja stock appears to be overvalued. The current stock price of €15.36 is trading 18.2% above its estimated GF Value™ of €12.99. GuruFocus considers Kogeneracja to be Modestly Overvalued.

Key valuation signals for FRA:2ZO:

  • E10: €2.82
  • GF Value™: €12.99 vs. price of €15.36 (18.2% above fair value)
  • GF Score™: 82/100 with 3 warning signs

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


Kogeneracja Business Description

Other Exchanges KGN:Poland
Address ul. Lowiecka 24, Wroclaw, POL, 50-220
Kogeneracja SA through its subsidiaries is engaged in the production of electricity and heating. The products and services of the company include District heating, New-generation network heat, Electricity, and Energy Services. Its production plants include Elektrocieplownia Wroclaw, Elektrocieplownia Czechnica and Elektrocieplownia Zawidawie.
82GF Score

Get the complete analysis for FRA:2ZO

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

€15.36
Price
€12.99
GF Value