mBank (FRA:BRU) E10: €6.52 (As of Jun. 2026)

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FRA:BRU mBank SA FRA:BRU
61 GF Score
Price €317.80
GF Value €180.87
Valuation Significantly Overvalued
! 7 Warning Signs
View Full Analysis

What is mBank E10?

mBank FRA:BRU -1.18% 61 E10 is €6.52 as of Jun. 2026. GuruFocus rates FRA:BRU with a GF Score™ of 61/100 and a GF Value™ of €180.87 (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.

mBank's adjusted earnings per share data for the three months ended in Jun. 2026 was €5.903. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €6.52 for the trailing ten years ended in Jun. 2026.

During the past 12 months, mBank's average E10 Growth Rate was 20.70% per year. During the past 3 years, the average E10 Growth Rate was 4.00% per year. During the past 5 years, the average E10 Growth Rate was -2.60% 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 mBank was 4.00% per year. The lowest was -10.50% per year. And the median was -3.30% per year.

As of today (2026-08-23), mBank's current stock price is €317.80. mBank's E10 for the quarter that ended in Jun. 2026 was €6.52. mBank's Shiller PE Ratio of today is 48.74.

During the past 13 years, the highest Shiller PE Ratio of mBank was 52.45. The lowest was 4.02. And the median was 16.67.


mBank  (FRA:BRU) 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.

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

Shiller PE Ratio=Share Price/E10
=317.80/6.52
=48.74

* 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 mBank was 52.45. The lowest was 4.02. And the median was 16.67.


Be Aware

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


mBank E10 Related Terms


mBank E10 Historical Data

* Premium members only.

The historical data trend for mBank'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.

mBank E10 Chart

mBank 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 4.97 4.68 4.62 4.99 5.91

mBank 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 5.38 5.62 5.91 6.27 6.52

FRA:BRU vs PNC: E10 Comparison

For the Banks - Regional subindustry, mBank'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.


mBank Shiller PE Ratio vs Banks Industry

For the Banks industry and Financial Services sector, mBank's Shiller PE Ratio distribution charts can be found below:

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


FRA:BRU
61GF Score
mBank SA FRA:BRU
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

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

Adj_EPS= Earnings per Share (Diluted) /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=5.903/162.2800*162.2800
=5.903

Current CPI (Jun. 2026) = 162.2800.

mBank Quarterly Data

per share eps CPI Adj_EPS
201609 1.291 99.064 2.115
201612 1.637 100.366 2.647
201703 1.225 101.018 1.968
201706 1.509 101.180 2.420
201709 1.633 101.343 2.615
201712 1.744 102.564 2.759
201803 2.308 102.564 3.652
201806 1.642 103.378 2.578
201809 1.628 103.378 2.556
201812 1.711 103.785 2.675
201903 0.912 104.274 1.419
201906 2.083 105.983 3.189
201909 2.005 105.983 3.070
201912 0.486 107.123 0.736
202003 0.507 109.076 0.754
202006 0.486 109.402 0.721
202009 0.562 109.320 0.834
202012 -0.979 109.565 -1.450
202103 1.772 112.658 2.553
202106 0.607 113.960 0.864
202109 0.149 115.588 0.209
202112 -9.123 119.088 -12.432
202203 2.858 125.031 3.709
202206 1.282 131.705 1.580
202209 -12.734 135.531 -15.247
202212 4.666 139.113 5.443
202303 0.796 145.950 0.885
202306 -0.088 147.009 -0.097
202309 -0.464 146.113 -0.515
202312 -0.111 147.741 -0.122
202403 1.462 149.044 1.592
202406 2.351 150.997 2.527
202409 3.192 153.439 3.376
202412 5.490 154.660 5.760
202503 3.929 157.021 4.061
202506 5.346 157.509 5.508
202509 4.656 158.000 4.782
202512 5.798 158.320 5.943
202603 5.303 163.070 5.277
202606 5.903 162.280 5.903

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 €6.52 mean?
mBank (FRA:BRU) has a E10 of €6.52 as of Jun. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on mBank and its competitors.
Is mBank's E10 too high?
mBank's current E10 is €6.52. Overall, mBank has a GF Score™ of 61/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does mBank's E10 compare to PNC?
mBank's E10 of €6.52 can be compared against companies in the Banks 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 Banks company?
A good E10 depends on the Banks 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 mBank and its competitors. mBank's current E10 is €6.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is mBank stock overvalued right now?
Based on GuruFocus' analysis, mBank (FRA:BRU) is currently considered Significantly Overvalued. The stock's GF Value™ is €180.87, compared to a current price of €317.80 — trading 75.7% above its estimated fair value. The current E10 is €6.52. mBank's overall GF Score™ is 61/100 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 mBank (FRA:BRU), the current E10 is €6.52 as of Jun. 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 mBank (FRA:BRU) Overvalued in 2026?

Based on GuruFocus' analysis, mBank stock appears to be overvalued. The current stock price of €317.80 is trading 75.7% above its estimated GF Value™ of €180.87. GuruFocus considers mBank to be Significantly Overvalued.

Key valuation signals for FRA:BRU:

  • E10: €6.52
  • GF Value™: €180.87 vs. price of €317.80 (75.7% above fair value)
  • GF Score™: 61/100 with 7 warning signs

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


mBank Business Description

Other Exchanges MBK:PolandBRU:Germany
Address 18 Prosta Street, Warsaw, POL, 00-850
mBank SA is a financial services group operating in Poland, as well as the Czech Republic and Slovakia. Its primary business is retail, corporate, and investment banking, but the company also conducts leasing, factoring, and wealth management operations, among other financial services. The group offers insurance policies through a strategic partnership. The bank plans to emphasize customer service, particularly in the development of its banking solutions. The group conducts its business segments in The Retail Banking segment, The Corporate and Investment Banking segment, The Treasury and Other segments, and the FX Mortgage Loans segment and the majority of its revenue is generated from the retail banking segment.
61GF Score

Get the complete analysis for FRA:BRU

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

€317.80
Price
€180.87
GF Value