Energa (FRA:EN2) E10: €0.35 (As of Mar. 2026)


FRA:EN2 Energa SA FRA:EN2
69 GF Score
Price €4.32
GF Value €2.70
! 5 Warning Signs
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What is Energa E10?

Energa FRA:EN2 +0.82% 69 E10 is €0.35 as of Mar. 2026. GuruFocus rates FRA:EN2 with a GF Score™ of 69/100 and a GF Value™ of €2.70. 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.

Energa's adjusted earnings per share data for the three months ended in Mar. 2026 was €0.423. 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, Energa's average E10 Growth Rate was 14.30% per year. During the past 3 years, the average E10 Growth Rate was -4.50% 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 Energa was 2.70% per year. The lowest was -4.50% per year. And the median was -0.90% per year.

As of today (2026-07-01), Energa's current stock price is €4.32. Energa's E10 for the quarter that ended in Mar. 2026 was €0.35. Energa's Shiller PE Ratio of today is 12.34.

During the past 13 years, the highest Shiller PE Ratio of Energa was 15.49. The lowest was 3.60. And the median was 6.67.


Energa  (FRA:EN2) 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.

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

Shiller PE Ratio=Share Price/E10
=4.32/0.35
=12.34

* 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 Energa was 15.49. The lowest was 3.60. And the median was 6.67.


Be Aware

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


Energa E10 Related Terms


Energa E10 Historical Data

* Premium members only.

The historical data trend for Energa'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.

Energa E10 Chart

Energa 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 0.26 0.31 0.34 0.30 0.32

Energa 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 0.31 0.31 0.32 0.32 0.35

FRA:EN2 vs NEE, SO, DUK: E10 Comparison

For the Utilities - Regulated Electric subindustry, Energa'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.


Energa Shiller PE Ratio vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Energa's Shiller PE Ratio distribution charts can be found below:

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


FRA:EN2
69GF Score
Energa SA FRA:EN2
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Energa 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, Energa'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)
=0.423/158.3232*158.3232
=0.423

Current CPI (Mar. 2026) = 158.3232.

Energa Quarterly Data

per share eps CPI Adj_EPS
201606 -0.070 99.552 -0.111
201609 0.103 99.064 0.165
201612 0.043 100.366 0.068
201703 0.169 101.018 0.265
201706 0.095 101.180 0.149
201709 0.036 101.343 0.056
201712 0.121 102.564 0.187
201803 0.148 102.564 0.228
201806 0.153 103.378 0.234
201809 0.065 103.378 0.100
201812 0.034 103.785 0.052
201903 0.101 104.274 0.153
201906 0.047 105.983 0.070
201909 0.056 105.983 0.084
201912 -0.724 107.123 -1.070
202003 0.061 109.076 0.089
202006 -0.450 109.402 -0.651
202009 0.046 109.320 0.067
202012 0.157 109.565 0.227
202103 0.207 112.658 0.291
202106 0.160 113.960 0.222
202109 0.162 115.588 0.222
202112 -0.004 119.088 -0.005
202203 0.326 125.031 0.413
202206 0.238 131.705 0.286
202209 0.279 135.531 0.326
202212 -0.317 139.113 -0.361
202303 0.846 145.950 0.918
202306 -0.072 147.009 -0.078
202309 0.112 146.113 0.121
202312 -0.556 147.741 -0.596
202403 0.236 149.044 0.251
202406 0.223 150.997 0.234
202409 0.049 153.439 0.051
202412 -0.306 154.660 -0.313
202503 0.283 157.021 0.285
202506 0.193 157.509 0.194
202509 0.171 157.998 0.171
202512 0.043 158.323 0.043
202603 0.423 158.323 0.423

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?
Energa (FRA:EN2) 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 Energa and its competitors.
Is Energa's E10 too high?
Energa's current E10 is €0.35. Overall, Energa has a GF Score™ of 69/100, reflecting its overall financial health beyond just this single metric.
How does Energa's E10 compare to NEE and SO?
Energa's E10 of €0.35 can be compared against companies in the Utilities - Regulated 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 an Utilities - Regulated company?
A good E10 depends on the Utilities - Regulated 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 Energa and its competitors. Energa'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 Energa stock overvalued right now?
Energa (FRA:EN2) has a current E10 of €0.35. The stock's GF Value™ is €2.70, compared to a current price of €4.32 — trading 60% above its estimated fair value. The current E10 is €0.35. Energa's overall GF Score™ is 69/100 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 Energa (FRA:EN2), 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 Energa (FRA:EN2) Overvalued in 2026?

Based on GuruFocus' analysis, Energa stock appears to be overvalued. The current stock price of €4.32 is trading 60% above its estimated GF Value™ of €2.70.

Key valuation signals for FRA:EN2:

  • E10: €0.35
  • GF Value™: €2.70 vs. price of €4.32 (60% above fair value)
  • GF Score™: 69/100 with 5 warning signs

No single metric tells the full story. See the FRA:EN2 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Energa Business Description

Other Exchanges ENG:Poland
Address Al. Grunwaldzka 472, Gdansk, POL, 80-309
Energa SA is a Polish electric utility company of which the State Treasury of Poland is the majority shareholder. Energa SA is involved in the distribution, generation, and sale of electrical energy. The company segments its activities into Electricity Distribution, Generation, and Sales units. The Distribution division operates an electricity transmission system in Northern and Central Poland, where it is the sole distributor. Energa's Generation business controls a portfolio of coal, hydro, biomass, and wind power plants throughout the country. Coal-fired facilities account for a majority of the company's energy production. The majority of Energa's earnings are derived from the business of distributing electricity.
69GF Score

Get the complete analysis for FRA:EN2

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

€4.32
Price
€2.70
GF Value