Avex (FRA:AX8) E10: €0.35 (As of Mar. 2026)

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FRA:AX8 Avex Inc FRA:AX8
71 GF Score
Price €6.60
GF Value €8.52
Valuation Modestly Undervalued
! 2 Warning Signs
View Full Analysis

What is Avex E10?

Avex FRA:AX8 -2.22% 71 E10 is €0.35 as of Mar. 2026. GuruFocus rates FRA:AX8 with a GF Score™ of 71/100 and a GF Value™ of €8.52 (Modestly Undervalued). The stock has 2 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.

Avex's adjusted earnings per share data for the three months ended in Mar. 2026 was €0.062. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €0.35 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Avex's average E10 Growth Rate was -3.00% per year. During the past 3 years, the average E10 Growth Rate was -10.40% per year. During the past 5 years, the average E10 Growth Rate was -10.50% 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 Avex was 5.50% per year. The lowest was -12.30% per year. And the median was -5.55% per year.

As of today (2026-08-10), Avex's current stock price is €6.60. Avex's E10 for the quarter that ended in Mar. 2026 was €0.35. Avex's Shiller PE Ratio of today is 18.86.

During the past 13 years, the highest Shiller PE Ratio of Avex was 23.41. The lowest was 8.30. And the median was 15.83.


Avex  (FRA:AX8) 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.

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

Shiller PE Ratio=Share Price/E10
=6.60/0.35
=18.86

* 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 Avex was 23.41. The lowest was 8.30. And the median was 15.83.


Be Aware

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


Avex E10 Related Terms


Avex E10 Historical Data

* Premium members only.

The historical data trend for Avex'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.

Avex E10 Chart

Avex 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 0.73 0.62 0.47 0.42 0.35

Avex Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 0.41 0.40 0.40 0.35 0.00

FRA:AX8 vs NFLX, DIS, WBD: E10 Comparison

For the Entertainment subindustry, Avex'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.


Avex Shiller PE Ratio vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Avex's Shiller PE Ratio distribution charts can be found below:

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


FRA:AX8
71GF Score
Avex Inc FRA:AX8
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Avex 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, Avex'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)
=0.062/112.7000*112.7000
=0.062

Current CPI (Mar. 2026) = 112.7000.

Avex Quarterly Data

per share eps CPI Adj_EPS
201606 0.094 98.100 0.108
201609 0.039 98.000 0.045
201612 -0.125 98.400 -0.143
201703 0.019 98.100 0.022
201706 0.060 98.500 0.069
201709 -0.168 98.800 -0.192
201712 0.476 99.400 0.540
201803 0.086 99.200 0.098
201806 -0.026 99.200 -0.030
201809 0.306 99.900 0.345
201812 0.151 99.700 0.171
201903 -0.012 99.700 -0.014
201906 -0.066 99.800 -0.075
201909 -0.275 100.100 -0.310
201912 0.346 100.500 0.388
202003 -0.225 100.300 -0.253
202006 -0.323 99.900 -0.364
202009 -0.292 99.900 -0.329
202012 -0.191 99.300 -0.217
202103 3.063 99.900 3.455
202106 0.002 99.500 0.002
202109 0.284 100.100 0.320
202112 0.137 100.100 0.154
202203 -0.260 101.100 -0.290
202206 0.263 101.800 0.291
202209 0.239 103.100 0.261
202212 -0.059 104.100 -0.064
202303 -0.013 104.400 -0.014
202306 0.391 105.200 0.419
202309 -0.035 106.200 -0.037
202312 -0.144 106.800 -0.152
202403 -0.061 107.200 -0.064
202406 0.239 108.200 0.249
202409 -0.025 108.900 -0.026
202412 0.077 110.700 0.078
202503 -0.142 111.100 -0.144
202506 0.108 111.700 0.109
202509 0.014 112.000 0.014
202512 0.284 113.000 0.283
202603 0.062 112.700 0.062

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 €0.35 mean?
Avex (FRA:AX8) has a E10 of €0.35 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Avex and its competitors.
Is Avex's E10 too high?
Avex's current E10 is €0.35. Overall, Avex has a GF Score™ of 71/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Avex's E10 compare to NFLX and DIS?
Avex's E10 of €0.35 can be compared against companies in the Media - Diversified 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 Media - Diversified company?
A good E10 depends on the Media - Diversified 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 Avex and its competitors. Avex's current E10 is €0.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Avex stock overvalued right now?
Based on GuruFocus' analysis, Avex (FRA:AX8) is currently considered Modestly Undervalued. The stock's GF Value™ is €8.52, compared to a current price of €6.60 — trading 22.5% below its estimated fair value. The current E10 is €0.35. Avex's overall GF Score™ is 71/100 with 2 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 Avex (FRA:AX8), the current E10 is €0.35 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 Avex (FRA:AX8) Overvalued in 2026?

Based on GuruFocus' analysis, Avex stock appears to be undervalued. The current stock price of €6.60 is trading 22.5% below its estimated GF Value™ of €8.52. GuruFocus considers Avex to be Modestly Undervalued.

Key valuation signals for FRA:AX8:

  • E10: €0.35
  • GF Value™: €8.52 vs. price of €6.60 (22.5% below fair value)
  • GF Score™: 71/100 with 2 warning signs

No single metric tells the full story. See the FRA:AX8 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Avex Business Description

Other Exchanges AVEXF:USA7860:Japan
Address Avex Building, 3-30-3 Minami Aoyama, Minato-ku, Tokyo, JPN, 107-8577
Avex Inc is a diversified media company, which holds a number of entertainment subsidiaries. The company has four primary business segments: music, video, management and live content, and other. The music segment designs, produces, and sells music and music-related content. The video segment plans, produces, sells, and distributes video content and feature films. The management and live business segment manages artists, sells merchandise, operates fan clubs, and is involved in the production of concerts and live events. The other business segment operates schools, restaurants, and real estate. The company generates the vast majority of its revenue in Japan.
71GF Score

Get the complete analysis for FRA:AX8

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

€6.60
Price
€8.52
GF Value