Aemetis (FRA:DW51) E10: €-1.86 (As of Mar. 2026)


FRA:DW51 Aemetis Inc FRA:DW51
50 GF Score
Price €1.52
GF Value €1.89
Valuation Modestly Undervalued
! 7 Warning Signs
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What is Aemetis E10?

Aemetis FRA:DW51 +9.91% 50 E10 is €-1.86 as of Mar. 2026. GuruFocus rates FRA:DW51 with a GF Score™ of 50/100 and a GF Value™ of €1.89 (Modestly Undervalued). 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.

Aemetis's adjusted earnings per share data for the three months ended in Mar. 2026 was €-0.285. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €-1.86 for the trailing ten years ended in Mar. 2026.

During the past 3 years, the average E10 Growth Rate was -5.90% per year. During the past 5 years, the average E10 Growth Rate was -9.20% per year. During the past 10 years, the average E10 Growth Rate was -6.60% 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 Aemetis was -1.20% per year. The lowest was -12.90% per year. And the median was -5.20% per year.

As of today (2026-06-30), Aemetis's current stock price is €1.52. Aemetis's E10 for the quarter that ended in Mar. 2026 was €-1.86. Aemetis's Shiller PE Ratio of today is .


Aemetis  (FRA:DW51) 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.


Be Aware

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


Aemetis E10 Related Terms


Aemetis E10 Historical Data

* Premium members only.

The historical data trend for Aemetis'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.

Aemetis E10 Chart

Aemetis 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 -1.20 -1.55 -1.58 -2.00 -1.56

Aemetis 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 -1.89 -1.60 -1.74 -1.56 -1.86

FRA:DW51 vs KBLB, FSI, NTIC: E10 Comparison

For the Specialty Chemicals subindustry, Aemetis'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.


Aemetis Shiller PE Ratio vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Aemetis's Shiller PE Ratio distribution charts can be found below:

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


FRA:DW51
50GF Score
Aemetis Inc FRA:DW51
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
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Aemetis 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, Aemetis'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)
=-0.285/330.2130*330.2130
=-0.285

Current CPI (Mar. 2026) = 330.2130.

Aemetis Quarterly Data

per share eps CPI Adj_EPS
201606 -0.223 241.018 -0.306
201609 -0.187 241.428 -0.256
201612 -0.066 241.432 -0.090
201703 -0.402 243.801 -0.544
201706 -0.267 244.955 -0.360
201709 -0.319 246.819 -0.427
201712 -0.346 246.524 -0.463
201803 -0.414 249.554 -0.548
201806 -0.231 251.989 -0.303
201809 -0.249 252.439 -0.326
201812 -0.492 251.233 -0.647
201903 -0.425 254.202 -0.552
201906 -0.558 256.143 -0.719
201909 -0.281 256.759 -0.361
201912 -0.297 256.974 -0.382
202003 -0.525 258.115 -0.672
202006 0.089 257.797 0.114
202009 -0.501 260.280 -0.636
202012 -0.551 260.474 -0.699
202103 -0.580 264.877 -0.723
202106 -0.282 271.696 -0.343
202109 -0.468 274.310 -0.563
202112 -0.027 278.802 -0.032
202203 -0.490 287.504 -0.563
202206 -0.009 296.311 -0.010
202209 -1.939 296.808 -2.157
202212 -0.595 296.797 -0.662
202303 -0.682 301.836 -0.746
202306 -0.628 305.109 -0.680
202309 0.684 307.789 0.734
202312 -0.587 306.746 -0.632
202403 -0.534 312.332 -0.565
202406 -0.613 314.175 -0.644
202409 -0.342 315.301 -0.358
202412 -0.344 315.605 -0.360
202503 -0.435 319.799 -0.449
202506 -0.355 322.561 -0.363
202509 -0.315 324.800 -0.320
202512 -0.068 324.054 -0.069
202603 -0.285 330.213 -0.285

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 €-1.86 mean?
Aemetis (FRA:DW51) has a E10 of €-1.86 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Aemetis and its competitors.
Is Aemetis' E10 too high?
Aemetis' current E10 is €-1.86. Overall, Aemetis has a GF Score™ of 50/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Aemetis' E10 compare to KBLB and FSI?
Aemetis' E10 of €-1.86 can be compared against companies in the Chemicals 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 Chemicals company?
A good E10 depends on the Chemicals 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 Aemetis and its competitors. Aemetis's current E10 is €-1.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aemetis stock overvalued right now?
Based on GuruFocus' analysis, Aemetis (FRA:DW51) is currently considered Modestly Undervalued. The stock's GF Value™ is €1.89, compared to a current price of €1.52 — trading 19.6% below its estimated fair value. The current E10 is €-1.86. Aemetis' overall GF Score™ is 50/100 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 Aemetis (FRA:DW51), the current E10 is €-1.86 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 Aemetis (FRA:DW51) Overvalued in 2026?

Based on GuruFocus' analysis, Aemetis stock appears to be undervalued. The current stock price of €1.52 is trading 19.6% below its estimated GF Value™ of €1.89. GuruFocus considers Aemetis to be Modestly Undervalued.

Key valuation signals for FRA:DW51:

  • E10: €-1.86
  • GF Value™: €1.89 vs. price of €1.52 (19.6% below fair value)
  • GF Score™: 50/100 with 7 warning signs

No single metric tells the full story. See the FRA:DW51 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Aemetis Business Description

Other Exchanges AMTX:USADW51:Germany
Address 20400 Stevens Creek Boulevard, Suite 700, Cupertino, CA, USA, 95014
Aemetis Inc is an renewable fuel and biochemicals company focused on the production of renewable fuels and chemicals through the acquisition, development and commercialization of technologies that replace traditional petroleum-based products through the conversion of first-generation ethanol and biodiesel plants into biorefineries. In addition to low carbon renewable fuel ethanol, the Keyes Plant produces Wet Distillers Grains, Distillers Corn Oil, and Condensed Distillers Solubles, all of which are sold to local dairies and feedlots as animal feed. The operations include California Ethanol, California Dairy Renewable Natural Gas and India Biodiesel. It operates in the reportable geographic segments of North America and India.
50GF Score

Get the complete analysis for FRA:DW51

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

€1.52
Price
€1.89
GF Value