Modivo (FRA:6RK) E10: €-0.47 (As of Apr. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Charlie Tian
Founder & CEO of GuruFocus
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:6RK Modivo SA FRA:6RK
67 GF Score
Price €20.55
GF Value €30.94
Valuation Possible Value Trap
! 4 Warning Signs
View Full Analysis

What is Modivo E10?

Modivo FRA:6RK -0.48% 67 E10 is €-0.47 as of Apr. 2026. GuruFocus rates FRA:6RK with a GF Score™ of 67/100 and a GF Value™ of €30.94 (Possible Value Trap). 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.

Modivo's adjusted earnings per share data for the three months ended in Apr. 2026 was €-0.026. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €-0.47 for the trailing ten years ended in Apr. 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 Modivo was -34.50% per year. The lowest was -64.90% per year. And the median was -37.90% per year.

As of today (2026-08-26), Modivo's current stock price is €20.55. Modivo's E10 for the quarter that ended in Apr. 2026 was €-0.47. Modivo's Shiller PE Ratio of today is .

During the past 13 years, the highest Shiller PE Ratio of Modivo was 780.00. The lowest was 7.49. And the median was 52.52.


Modivo  (FRA:6RK) 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 Modivo was 780.00. The lowest was 7.49. And the median was 52.52.


Be Aware

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


Modivo E10 Related Terms


Modivo E10 Historical Data

* Premium members only.

The historical data trend for Modivo'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.

Modivo E10 Chart

Modivo Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Jan22 Jan23 Jan24 Jan25 Jan26
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.27 0.04 -0.07 0.07 -0.37

Modivo Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
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 -0.20 -0.18 -0.24 -0.37 -0.47

FRA:6RK vs TJX, ROST, BURL: E10 Comparison

For the Apparel Retail subindustry, Modivo'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.


Modivo Shiller PE Ratio vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Modivo's Shiller PE Ratio distribution charts can be found below:

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


FRA:6RK
67GF Score
Modivo SA FRA:6RK
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Modivo 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, Modivo's adjusted earnings per share data for the three months ended in Apr. 2026 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Apr. 2026 (Change)*Current CPI (Apr. 2026)
=-0.026/163.3900*163.3900
=-0.026

Current CPI (Apr. 2026) = 163.3900.

Modivo Quarterly Data

per share eps CPI Adj_EPS
201603 -0.120 98.983 -0.198
201606 0.813 99.552 1.334
201609 0.050 99.064 0.082
201612 -0.406 100.366 -0.661
201703 -0.247 101.018 -0.400
201706 0.897 101.180 1.449
201709 0.249 101.343 0.401
201712 0.717 102.564 1.142
201803 -0.839 102.564 -1.337
201806 1.314 103.378 2.077
201809 -0.266 103.378 -0.420
201812 0.074 103.785 0.116
201903 -0.956 104.274 -1.498
201906 0.213 105.983 0.328
201909 -0.154 105.983 -0.237
201912 0.671 107.123 1.023
202003 -2.040 109.076 -3.056
202006 -3.171 109.402 -4.736
202009 0.090 109.320 0.135
202104 -0.807 113.553 -1.161
202107 0.429 114.449 0.612
202110 0.052 116.891 0.073
202201 -0.643 121.368 -0.866
202204 -0.902 127.554 -1.155
202207 -0.192 132.357 -0.237
202210 -0.280 137.973 -0.332
202301 -0.432 142.613 -0.495
202304 -0.603 147.009 -0.670
202307 0.116 146.683 0.129
202310 0.019 146.520 0.021
202401 0.168 148.311 0.185
202404 0.204 150.672 0.221
202407 0.939 153.114 1.002
202410 0.536 153.928 0.569
202501 1.509 156.207 1.578
202504 0.318 157.672 0.330
202507 0.251 157.998 0.260
202510 0.372 158.160 0.384
202601 -0.852 161.810 -0.860
202604 -0.026 163.390 -0.026

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 €-0.47 mean?
Modivo (FRA:6RK) has a E10 of €-0.47 as of Apr. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Modivo and its competitors.
Is Modivo's E10 too high?
Modivo's current E10 is €-0.47. Overall, Modivo has a GF Score™ of 67/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Modivo's E10 compare to TJX and ROST?
Modivo's E10 of €-0.47 can be compared against companies in the Retail - Cyclical 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 Retail - Cyclical company?
A good E10 depends on the Retail - Cyclical 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 Modivo and its competitors. Modivo's current E10 is €-0.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Modivo stock overvalued right now?
Based on GuruFocus' analysis, Modivo (FRA:6RK) is currently considered Possible Value Trap. The stock's GF Value™ is €30.94, compared to a current price of €20.55 — trading 33.6% below its estimated fair value. The current E10 is €-0.47. Modivo's overall GF Score™ is 67/100 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 Modivo (FRA:6RK), the current E10 is €-0.47 as of Apr. 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 Modivo (FRA:6RK) Overvalued in 2026?

Based on GuruFocus' analysis, Modivo stock appears to be undervalued. The current stock price of €20.55 is trading 33.6% below its estimated GF Value™ of €30.94. GuruFocus considers Modivo to be Possible Value Trap.

Key valuation signals for FRA:6RK:

  • E10: €-0.47
  • GF Value™: €30.94 vs. price of €20.55 (33.6% below fair value)
  • GF Score™: 67/100 with 4 warning signs

No single metric tells the full story. See the FRA:6RK stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Modivo Business Description

Other Exchanges MDV:Poland
Address ul. Strefowa 6, Polkowice, POL, 59-101
Modivo SA business activities are concentrated in the retail, digital, and wholesale segments and include the wholesale and retail trade of clothing and footwear. Its operating segments include CCC, which generates the majority of revenue and includes sales through websites, offline retail stores, distribution, and wholesale operations, as well as HalfPrice and MODIVO (MODIVO and eobuwie). The Company's business lines include CCC, eobuwie, MODIVO, HalfPrice, worldbox, Boardriders, Warsaw Sneaker Store, SK Store, and Sklep Biegacza.
67GF Score

Get the complete analysis for FRA:6RK

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

€20.55
Price
€30.94
GF Value