Belluna Co (FRA:73L) E10: €0.51 (As of Mar. 2026)


FRA:73L Belluna Co Ltd FRA:73L
66 GF Score
Price €5.00
GF Value €4.19
Valuation Modestly Overvalued
! 3 Warning Signs
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What is Belluna Co E10?

Belluna Co FRA:73L +0.40% 66 E10 is €0.51 as of Mar. 2026. GuruFocus rates FRA:73L with a GF Score™ of 66/100 and a GF Value™ of €4.19 (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.

Belluna Co's adjusted earnings per share data for the three months ended in Mar. 2026 was €0.215. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €0.51 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Belluna Co's average E10 Growth Rate was 10.30% per year. During the past 3 years, the average E10 Growth Rate was 5.30% per year. During the past 5 years, the average E10 Growth Rate was 5.20% 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 Belluna Co was 21.30% per year. The lowest was 3.50% per year. And the median was 6.70% per year.

As of today (2026-07-05), Belluna Co's current stock price is €5.00. Belluna Co's E10 for the quarter that ended in Mar. 2026 was €0.51. Belluna Co's Shiller PE Ratio of today is 9.80.

During the past 13 years, the highest Shiller PE Ratio of Belluna Co was 37.48. The lowest was 6.22. And the median was 10.53.


Belluna Co  (FRA:73L) 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.

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

Shiller PE Ratio=Share Price/E10
=5.00/0.51
=9.80

* 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 Belluna Co was 37.48. The lowest was 6.22. And the median was 10.53.


Be Aware

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


Belluna Co E10 Related Terms


Belluna Co E10 Historical Data

* Premium members only.

The historical data trend for Belluna 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.

Belluna Co E10 Chart

Belluna Co Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.57 0.56 0.50 0.54 0.51

Belluna 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 0.54 0.51 0.51 0.49 0.51

FRA:73L vs CASY, WSM, DKS: E10 Comparison

For the Specialty Retail subindustry, Belluna 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.


Belluna Co Shiller PE Ratio vs Retail - Cyclical Industry

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

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


FRA:73L
66GF Score
Belluna Co Ltd FRA:73L
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Belluna 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, Belluna 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)
=0.215/112.7000*112.7000
=0.215

Current CPI (Mar. 2026) = 112.7000.

Belluna Co Quarterly Data

per share eps CPI Adj_EPS
201606 -0.094 98.100 -0.108
201609 0.023 98.000 0.026
201612 0.601 98.400 0.688
201703 -0.044 98.100 -0.051
201706 0.256 98.500 0.293
201709 0.096 98.800 0.110
201712 0.307 99.400 0.348
201803 0.106 99.200 0.120
201806 0.229 99.200 0.260
201809 0.107 99.900 0.121
201812 0.238 99.700 0.269
201903 0.259 99.700 0.293
201906 0.094 99.800 0.106
201909 0.049 100.100 0.055
201912 0.249 100.500 0.279
202003 0.110 100.300 0.124
202006 0.127 99.900 0.143
202009 0.119 99.900 0.134
202012 0.467 99.300 0.530
202103 0.193 99.900 0.218
202106 0.130 99.500 0.147
202109 0.123 100.100 0.138
202112 0.365 100.100 0.411
202203 0.195 101.100 0.217
202206 0.101 101.800 0.112
202209 0.107 103.100 0.117
202212 0.183 104.100 0.198
202303 0.147 104.400 0.159
202306 0.094 105.200 0.101
202309 0.123 106.200 0.131
202312 0.120 106.800 0.127
202403 0.048 107.200 0.050
202406 0.060 108.200 0.062
202409 0.103 108.900 0.107
202412 0.180 110.700 0.183
202503 0.222 111.100 0.225
202506 0.046 111.700 0.046
202509 0.155 112.000 0.156
202512 0.252 113.000 0.251
202603 0.215 112.700 0.215

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 €0.51 mean?
Belluna Co (FRA:73L) has a E10 of €0.51 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Belluna Co and its competitors.
Is Belluna Co's E10 too high?
Belluna Co's current E10 is €0.51. Overall, Belluna Co has a GF Score™ of 66/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Belluna Co's E10 compare to CASY and WSM?
Belluna Co's E10 of €0.51 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 Belluna Co and its competitors. Belluna Co's current E10 is €0.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Belluna Co stock overvalued right now?
Based on GuruFocus' analysis, Belluna Co (FRA:73L) is currently considered Modestly Overvalued. The stock's GF Value™ is €4.19, compared to a current price of €5.00 — trading 19.3% above its estimated fair value. The current E10 is €0.51. Belluna Co's overall GF Score™ is 66/100 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 Belluna Co (FRA:73L), the current E10 is €0.51 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 Belluna Co (FRA:73L) Overvalued in 2026?

Based on GuruFocus' analysis, Belluna Co stock appears to be overvalued. The current stock price of €5.00 is trading 19.3% above its estimated GF Value™ of €4.19. GuruFocus considers Belluna Co to be Modestly Overvalued.

Key valuation signals for FRA:73L:

  • E10: €0.51
  • GF Value™: €4.19 vs. price of €5.00 (19.3% above fair value)
  • GF Score™: 66/100 with 3 warning signs

No single metric tells the full story. See the FRA:73L stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Belluna Co Business Description

Other Exchanges 9997:Japan
Address 4-2 Miyamoto-cho, Ageo City, Saitama, JPN, 362-8688
Belluna Co Ltd is primarily a mail-order retailer that sells a wide range of products, including apparel, home furnishings, food, wine, cosmetics, health food, and nursing supplies through catalogs and e-commerce sites. More than 80% of the company's sales come from its mail-order business. Remaining revenue comes from its apparel retail stores; its solution business, which offers outsourced services for Belluna's corporate clients; its finance business, which offers financing services that target mail-order customers; and its property business, which leases office and commercial space and engages in property development. Nearly all the company's sales are in Japan.
66GF Score

Get the complete analysis for FRA:73L

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

€5.00
Price
€4.19
GF Value