China Eastern Airlines (FRA:CIAH) E10: €-0.03 (As of Mar. 2026)


FRA:CIAH China Eastern Airlines Corp Ltd FRA:CIAH
53 GF Score
Price €0.34
GF Value €0.43
Valuation Modestly Undervalued
! 5 Warning Signs
View Full Analysis

What is China Eastern Airlines E10?

China Eastern Airlines FRA:CIAH +0.58% 53 E10 is €-0.03 as of Mar. 2026. GuruFocus rates FRA:CIAH with a GF Score™ of 53/100 and a GF Value™ of €0.43 (Modestly Undervalued). The stock has 5 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.

China Eastern Airlines's adjusted earnings per share data for the three months ended in Mar. 2026 was €0.009. 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 Mar. 2026.

During the past 3 years, the average E10 Growth Rate was -32.60% 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 China Eastern Airlines was 42.50% per year. The lowest was -32.60% per year. And the median was 13.50% per year.

As of today (2026-07-06), China Eastern Airlines's current stock price is €0.344. China Eastern Airlines's E10 for the quarter that ended in Mar. 2026 was €-0.03. China Eastern Airlines's Shiller PE Ratio of today is .

During the past 13 years, the highest Shiller PE Ratio of China Eastern Airlines was 110.20. The lowest was 11.58. And the median was 19.91.


China Eastern Airlines  (FRA:CIAH) 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.

During the past 13 years, the highest Shiller P/E Ratio of China Eastern Airlines was 110.20. The lowest was 11.58. And the median was 19.91.


Be Aware

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


China Eastern Airlines E10 Related Terms


China Eastern Airlines E10 Historical Data

* Premium members only.

The historical data trend for China Eastern Airlines'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.

China Eastern Airlines E10 Chart

China Eastern Airlines 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 0.01 -0.01 -0.01 -0.02 -0.03

China Eastern Airlines 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 -0.02 -0.02 -0.02 -0.03 -0.03

FRA:CIAH vs DAL, UAL, LUV: E10 Comparison

For the Airlines subindustry, China Eastern Airlines'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.


China Eastern Airlines Shiller PE Ratio vs Transportation Industry

For the Transportation industry and Industrials sector, China Eastern Airlines's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where China Eastern Airlines's Shiller PE Ratio falls into.


FRA:CIAH
53GF Score
China Eastern Airlines Corp Ltd FRA:CIAH
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

China Eastern Airlines 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, China Eastern Airlines'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)
=0.009/116.3000*116.3000
=0.009

Current CPI (Mar. 2026) = 116.3000.

China Eastern Airlines Quarterly Data

per share eps CPI Adj_EPS
201606 0.007 101.400 0.008
201609 0.032 102.400 0.036
201612 -0.022 102.600 -0.025
201703 0.026 103.200 0.029
201706 0.014 103.100 0.016
201709 0.032 104.100 0.036
201712 -0.014 104.500 -0.016
201803 0.018 105.300 0.020
201806 0.003 104.900 0.003
201809 0.019 106.600 0.021
201812 -0.015 106.500 -0.016
201903 0.018 107.700 0.019
201906 -0.001 107.700 -0.001
201909 0.019 109.800 0.020
201912 -0.010 111.200 -0.010
202003 -0.031 112.300 -0.032
202006 -0.035 110.400 -0.037
202009 -0.004 111.700 -0.004
202012 -0.020 111.500 -0.021
202103 -0.030 112.662 -0.031
202106 -0.012 111.769 -0.012
202109 -0.024 112.215 -0.025
202112 -0.032 113.108 -0.033
202203 -0.059 114.335 -0.060
202206 -0.082 114.558 -0.083
202209 -0.072 115.339 -0.073
202212 -0.066 115.116 -0.067
202303 -0.023 115.116 -0.023
202306 -0.014 114.558 -0.014
202309 0.021 115.339 0.021
202312 -0.032 114.781 -0.032
202403 -0.005 115.227 -0.005
202406 -0.010 114.781 -0.010
202409 0.015 115.785 0.015
202412 -0.024 114.893 -0.024
202503 -0.005 115.116 -0.005
202506 -0.002 114.907 -0.002
202509 0.018 115.470 0.018
202512 -0.021 115.830 -0.021
202603 0.009 116.300 0.009

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?
China Eastern Airlines (FRA:CIAH) has a E10 of €-0.03 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on China Eastern Airlines and its competitors.
Is China Eastern Airlines' E10 too high?
China Eastern Airlines' current E10 is €-0.03. Overall, China Eastern Airlines has a GF Score™ of 53/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does China Eastern Airlines' E10 compare to DAL and UAL?
China Eastern Airlines' E10 of €-0.03 can be compared against companies in the Transportation 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 Transportation company?
A good E10 depends on the Transportation 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 China Eastern Airlines and its competitors. China Eastern Airlines'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 China Eastern Airlines stock overvalued right now?
Based on GuruFocus' analysis, China Eastern Airlines (FRA:CIAH) is currently considered Modestly Undervalued. The stock's GF Value™ is €0.43, compared to a current price of €0.34 — trading 20% below its estimated fair value. The current E10 is €-0.03. China Eastern Airlines' overall GF Score™ is 53/100 with 5 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 China Eastern Airlines (FRA:CIAH), the current E10 is €-0.03 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 China Eastern Airlines (FRA:CIAH) Overvalued in 2026?

Based on GuruFocus' analysis, China Eastern Airlines stock appears to be undervalued. The current stock price of €0.34 is trading 20% below its estimated GF Value™ of €0.43. GuruFocus considers China Eastern Airlines to be Modestly Undervalued.

Key valuation signals for FRA:CIAH:

  • E10: €-0.03
  • GF Value™: €0.43 vs. price of €0.34 (20% below fair value)
  • GF Score™: 53/100 with 5 warning signs

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


China Eastern Airlines Business Description

Address 36 Hongxiang 3rd Road, Minhang District, Shanghai, CHN, 201100
China Eastern Airlines Corp Ltd principally engaged in the operation of civil aviation, including the provision of passenger, cargo, mail delivery and other extended transportation services, also manufacturing and maintenance of aircraft and aviation equipment, agency services, import and export business, tourism and hotel business; and other businesses related to air transportation. The Group has two reportable segments. Airline transportation operations mainly comprise the provision of passenger, cargo, mail delivery, and ground services. Other services, including tour operations, air catering, and other miscellaneous services, are not included within the airline transportation operations segment. Geographically, the company operates Domestic, Regional and International.
53GF Score

Get the complete analysis for FRA:CIAH

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

€0.34
Price
€0.43
GF Value