BHB Brauholding Bayern-Mitte AG (FRA:B9B) E10: €0.03 (As of Dec. 2025)


FRA:B9B BHB Brauholding Bayern-Mitte AG FRA:B9B
68 GF Score
Price €2.02
GF Value €2.46
Valuation Modestly Undervalued
! 4 Warning Signs
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What is BHB Brauholding Bayern-Mitte AG E10?

BHB Brauholding Bayern-Mitte AG FRA:B9B 68 E10 is €0.03 as of Dec. 2025. GuruFocus rates FRA:B9B with a GF Score™ of 68/100 and a GF Value™ of €2.46 (Modestly Undervalued). 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.

BHB Brauholding Bayern-Mitte AG's adjusted earnings per share data for the fiscal year that ended in Dec. 2025 was €-0.050. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €0.03 for the trailing ten years ended in Dec. 2025.

During the past 12 months, BHB Brauholding Bayern-Mitte AG's average E10 Growth Rate was -40.00% per year. During the past 3 years, the average E10 Growth Rate was -20.60% per year. During the past 5 years, the average E10 Growth Rate was -7.00% 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 BHB Brauholding Bayern-Mitte AG was 6.30% per year. The lowest was -20.60% per year. And the median was -9.10% per year.

As of today (2026-07-05), BHB Brauholding Bayern-Mitte AG's current stock price is € 2.02. BHB Brauholding Bayern-Mitte AG's E10 for the fiscal year that ended in Dec. 2025 was €0.03. BHB Brauholding Bayern-Mitte AG's Shiller PE Ratio of today is 67.33.

During the past 13 years, the highest Shiller PE Ratio of BHB Brauholding Bayern-Mitte AG was 78.67. The lowest was 33.75. And the median was 45.00.


BHB Brauholding Bayern-Mitte AG  (FRA:B9B) 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.

BHB Brauholding Bayern-Mitte AG's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=2.02/0.03
=67.33

* 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 BHB Brauholding Bayern-Mitte AG was 78.67. The lowest was 33.75. And the median was 45.00.


Be Aware

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


BHB Brauholding Bayern-Mitte AG E10 Related Terms


BHB Brauholding Bayern-Mitte AG E10 Historical Data

* Premium members only.

The historical data trend for BHB Brauholding Bayern-Mitte AG'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.

BHB Brauholding Bayern-Mitte AG E10 Chart

BHB Brauholding Bayern-Mitte AG 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 0.05 0.06 0.06 0.05 0.03

BHB Brauholding Bayern-Mitte AG Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 0.06 0.00 0.05 0.00 0.03

FRA:B9B vs BUD, STZ, TAP: E10 Comparison

For the Beverages - Brewers subindustry, BHB Brauholding Bayern-Mitte AG'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.


BHB Brauholding Bayern-Mitte AG Shiller PE Ratio vs Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, BHB Brauholding Bayern-Mitte AG's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where BHB Brauholding Bayern-Mitte AG's Shiller PE Ratio falls into.


FRA:B9B
68GF Score
BHB Brauholding Bayern-Mitte AG FRA:B9B
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

BHB Brauholding Bayern-Mitte AG 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, BHB Brauholding Bayern-Mitte AG's adjusted earnings per share data for the fiscal year that ended in Dec. 2025 was:

Adj_EPS=Earnings per Share (Diluted) /CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=-0.05/129.3606*129.3606
=-0.050

Current CPI (Dec. 2025) = 129.3606.

BHB Brauholding Bayern-Mitte AG Annual Data

per_share_eps CPI Adj_EPS
201612 0.070 101.217 0.089
201712 0.080 102.617 0.101
201812 0.070 104.217 0.087
201912 0.080 105.818 0.098
202012 -0.185 105.518 -0.227
202112 0.120 110.384 0.141
202212 0.110 119.345 0.119
202312 0.080 123.773 0.084
202412 -0.093 127.041 -0.095
202512 -0.050 129.361 -0.050

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 €0.03 mean?
BHB Brauholding Bayern-Mitte AG (FRA:B9B) has a E10 of €0.03 as of Dec. 2025. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on BHB Brauholding Bayern-Mitte AG and its competitors.
Is BHB Brauholding Bayern-Mitte AG's E10 too high?
BHB Brauholding Bayern-Mitte AG's current E10 is €0.03. Overall, BHB Brauholding Bayern-Mitte AG has a GF Score™ of 68/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does BHB Brauholding Bayern-Mitte AG's E10 compare to BUD and STZ?
BHB Brauholding Bayern-Mitte AG's E10 of €0.03 can be compared against companies in the Beverages - Alcoholic 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 Beverages - Alcoholic company?
A good E10 depends on the Beverages - Alcoholic 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 BHB Brauholding Bayern-Mitte AG and its competitors. BHB Brauholding Bayern-Mitte AG's current E10 is €0.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BHB Brauholding Bayern-Mitte AG stock overvalued right now?
Based on GuruFocus' analysis, BHB Brauholding Bayern-Mitte AG (FRA:B9B) is currently considered Modestly Undervalued. The stock's GF Value™ is €2.46, compared to a current price of €2.02 — trading 17.9% below its estimated fair value. The current E10 is €0.03. BHB Brauholding Bayern-Mitte AG's overall GF Score™ is 68/100 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 BHB Brauholding Bayern-Mitte AG (FRA:B9B), the current E10 is €0.03 as of Dec. 2025. 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 BHB Brauholding Bayern-Mitte AG (FRA:B9B) Overvalued in 2026?

Based on GuruFocus' analysis, BHB Brauholding Bayern-Mitte AG stock appears to be undervalued. The current stock price of €2.02 is trading 17.9% below its estimated GF Value™ of €2.46. GuruFocus considers BHB Brauholding Bayern-Mitte AG to be Modestly Undervalued.

Key valuation signals for FRA:B9B:

  • E10: €0.03
  • GF Value™: €2.46 vs. price of €2.02 (17.9% below fair value)
  • GF Score™: 68/100 with 4 warning signs

No single metric tells the full story. See the FRA:B9B stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


BHB Brauholding Bayern-Mitte AG Business Description

Address Manchinger Strasse 95, Ingolstadt, BY, DEU, 85053
BHB Brauholding Bayern-Mitte AG is a holding company. Along with its subsidiaries, it is mainly engaged in the in-house production and distribution of beers and non-alcoholic beverages, and the trading of beverages from other manufacturers. The group's brand portfolio comprises 10 wheat beers, 29 bottom-fermented beer specialties, and three beer-based mixed drinks. Additionally, it is involved in the operation of restaurants and the associated marketing, and offers a wide variety of mineral waters and non-alcoholic soft drinks.
68GF Score

Get the complete analysis for FRA:B9B

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

€2.02
Price
€2.46
GF Value