Apator (FRA:8QM) E10: €0.52 (As of Mar. 2026)

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Director of Data and Quant Analytics at GuruFocus
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FRA:8QM Apator SA FRA:8QM
83 GF Score
Price €6.18
GF Value €4.31
Valuation Significantly Overvalued
! 7 Warning Signs
View Full Analysis

What is Apator E10?

Apator FRA:8QM 83 E10 is €0.52 as of Mar. 2026. GuruFocus rates FRA:8QM with a GF Score™ of 83/100 and a GF Value™ of €4.31 (Significantly Overvalued). The stock has 7 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.

Apator's adjusted earnings per share data for the three months ended in Mar. 2026 was €0.164. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €0.52 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Apator's average E10 Growth Rate was 4.30% per year. During the past 3 years, the average E10 Growth Rate was -1.50% per year. During the past 5 years, the average E10 Growth Rate was -0.30% 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 Apator was 6.10% per year. The lowest was -1.70% per year. And the median was 0.90% per year.

As of today (2026-08-26), Apator's current stock price is €6.18. Apator's E10 for the quarter that ended in Mar. 2026 was €0.52. Apator's Shiller PE Ratio of today is 11.88.

During the past 13 years, the highest Shiller PE Ratio of Apator was 13.73. The lowest was 5.32. And the median was 8.91.


Apator  (FRA:8QM) 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.

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

Shiller PE Ratio=Share Price/E10
=6.18/0.52
=11.88

* 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 Apator was 13.73. The lowest was 5.32. And the median was 8.91.


Be Aware

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


Apator E10 Related Terms


Apator E10 Historical Data

* Premium members only.

The historical data trend for Apator'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.

Apator E10 Chart

Apator 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 0.51 0.51 0.51 0.53 0.53

Apator 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 0.53 0.53 0.53 0.53 0.52

FRA:8QM vs VRT, BE, HUBB: E10 Comparison

For the Electrical Equipment & Parts subindustry, Apator'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.


Apator Shiller PE Ratio vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Apator's Shiller PE Ratio distribution charts can be found below:

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


FRA:8QM
83GF Score
Apator SA FRA:8QM
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Apator 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, Apator'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)
=0.164/163.0700*163.0700
=0.164

Current CPI (Mar. 2026) = 163.0700.

Apator Quarterly Data

per share eps CPI Adj_EPS
201606 0.112 99.552 0.183
201609 0.051 99.064 0.084
201612 0.185 100.366 0.301
201703 0.135 101.018 0.218
201706 0.095 101.180 0.153
201709 0.121 101.343 0.195
201712 -0.033 102.564 -0.052
201803 0.116 102.564 0.184
201806 0.164 103.378 0.259
201809 0.137 103.378 0.216
201812 0.117 103.785 0.184
201903 0.124 104.274 0.194
201906 0.119 105.983 0.183
201909 0.117 105.983 0.180
201912 0.067 107.123 0.102
202003 0.138 109.076 0.206
202006 0.116 109.402 0.173
202009 0.136 109.320 0.203
202012 0.089 109.565 0.132
202103 0.328 112.658 0.475
202106 0.074 113.960 0.106
202109 0.111 115.588 0.157
202112 -0.008 119.088 -0.011
202203 -0.033 125.031 -0.043
202206 0.040 131.705 0.050
202209 -0.025 135.531 -0.030
202212 0.074 139.113 0.087
202303 0.069 145.950 0.077
202306 0.031 147.009 0.034
202309 0.171 146.113 0.191
202312 -0.104 147.741 -0.115
202403 0.097 149.044 0.106
202406 0.216 150.997 0.233
202409 0.143 153.439 0.152
202412 0.143 154.660 0.151
202503 0.097 157.021 0.101
202506 0.145 157.509 0.150
202509 0.190 158.000 0.196
202512 0.214 158.320 0.220
202603 0.164 163.070 0.164

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 €0.52 mean?
Apator (FRA:8QM) has a E10 of €0.52 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Apator and its competitors.
Is Apator's E10 too high?
Apator's current E10 is €0.52. Overall, Apator has a GF Score™ of 83/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Apator's E10 compare to VRT and BE?
Apator's E10 of €0.52 can be compared against companies in the Industrial Products 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 Industrial Products company?
A good E10 depends on the Industrial Products 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 Apator and its competitors. Apator's current E10 is €0.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Apator stock overvalued right now?
Based on GuruFocus' analysis, Apator (FRA:8QM) is currently considered Significantly Overvalued. The stock's GF Value™ is €4.31, compared to a current price of €6.18 — trading 43.4% above its estimated fair value. The current E10 is €0.52. Apator's overall GF Score™ is 83/100 with 7 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 Apator (FRA:8QM), the current E10 is €0.52 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 Apator (FRA:8QM) Overvalued in 2026?

Based on GuruFocus' analysis, Apator stock appears to be overvalued. The current stock price of €6.18 is trading 43.4% above its estimated GF Value™ of €4.31. GuruFocus considers Apator to be Significantly Overvalued.

Key valuation signals for FRA:8QM:

  • E10: €0.52
  • GF Value™: €4.31 vs. price of €6.18 (43.4% above fair value)
  • GF Score™: 83/100 with 7 warning signs

No single metric tells the full story. See the FRA:8QM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Apator Business Description

Other Exchanges APT:Poland
Address ul. Gdańska 4a, lok C4, Torun, POL, 87-100
Apator SA manufactures and sells metering and switchgear equipment in Poland and internationally. Its products include electricity meters, such as smart, electronic, prepayment, and induction meters, as well as smart grid systems comprising remote data read out and prepayment systems; and water meters, heat meters and volume parts for heat meters, heating cost allocators, remote reading systems, installation fittings, test and measurement products, and other products.
83GF Score

Get the complete analysis for FRA:8QM

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

€6.18
Price
€4.31
GF Value