Budimex (FRA:FBF) E10: €6.78 (As of Mar. 2026)


FRA:FBF Budimex SA FRA:FBF
90 GF Score
Price €167.00
GF Value €140.72
Valuation Modestly Overvalued
! 7 Warning Signs
View Full Analysis

What is Budimex E10?

Budimex FRA:FBF -1.18% 90 E10 is €6.78 as of Mar. 2026. GuruFocus rates FRA:FBF with a GF Score™ of 90/100 and a GF Value™ of €140.72 (Modestly 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.

Budimex's adjusted earnings per share data for the three months ended in Mar. 2026 was €0.778. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €6.78 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Budimex's average E10 Growth Rate was 5.50% per year. During the past 3 years, the average E10 Growth Rate was 11.70% per year. During the past 5 years, the average E10 Growth Rate was 18.40% 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 Budimex was 26.20% per year. The lowest was 11.70% per year. And the median was 16.90% per year.

As of today (2026-07-07), Budimex's current stock price is €167.00. Budimex's E10 for the quarter that ended in Mar. 2026 was €6.78. Budimex's Shiller PE Ratio of today is 24.63.

During the past 13 years, the highest Shiller PE Ratio of Budimex was 32.29. The lowest was 9.54. And the median was 18.64.


Budimex  (FRA:FBF) 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.

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

Shiller PE Ratio=Share Price/E10
=167.00/6.78
=24.63

* 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 Budimex was 32.29. The lowest was 9.54. And the median was 18.64.


Be Aware

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


Budimex E10 Related Terms


Budimex E10 Historical Data

* Premium members only.

The historical data trend for Budimex'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.

Budimex E10 Chart

Budimex 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 3.61 4.26 5.55 6.16 6.83

Budimex 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 6.44 6.38 6.39 6.83 6.78

FRA:FBF vs PWR, FIX, EME: E10 Comparison

For the Engineering & Construction subindustry, Budimex'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.


Budimex Shiller PE Ratio vs Construction Industry

For the Construction industry and Industrials sector, Budimex's Shiller PE Ratio distribution charts can be found below:

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


FRA:FBF
90GF Score
Budimex SA FRA:FBF
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Budimex 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, Budimex'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)
=0.778/163.0700*163.0700
=0.778

Current CPI (Mar. 2026) = 163.0700.

Budimex Quarterly Data

per share eps CPI Adj_EPS
201606 0.852 99.552 1.396
201609 0.947 99.064 1.559
201612 1.430 100.366 2.323
201703 0.769 101.018 1.241
201706 0.988 101.180 1.592
201709 1.285 101.343 2.068
201712 1.149 102.564 1.827
201803 0.571 102.564 0.908
201806 0.585 103.378 0.923
201809 0.926 103.378 1.461
201812 0.673 103.785 1.057
201903 0.258 104.274 0.403
201906 0.394 105.983 0.606
201909 0.587 105.983 0.903
201912 0.801 107.123 1.219
202003 0.258 109.076 0.386
202006 0.799 109.402 1.191
202009 1.322 109.320 1.972
202012 1.826 109.565 2.718
202103 0.608 112.658 0.880
202106 5.896 113.960 8.437
202109 0.912 115.588 1.287
202112 1.347 119.088 1.844
202203 0.509 125.031 0.664
202206 1.306 131.705 1.617
202209 1.419 135.531 1.707
202212 1.587 139.113 1.860
202303 0.958 145.950 1.070
202306 1.520 147.009 1.686
202309 4.063 146.113 4.535
202312 2.596 147.741 2.865
202403 1.076 149.044 1.177
202406 1.421 150.997 1.535
202409 1.536 153.439 1.632
202412 1.525 154.660 1.608
202503 1.032 157.021 1.072
202506 1.409 157.509 1.459
202509 1.538 158.000 1.587
202512 2.771 158.320 2.854
202603 0.778 163.070 0.778

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 €6.78 mean?
Budimex (FRA:FBF) has a E10 of €6.78 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Budimex and its competitors.
Is Budimex's E10 too high?
Budimex's current E10 is €6.78. Overall, Budimex has a GF Score™ of 90/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Budimex's E10 compare to PWR and FIX?
Budimex's E10 of €6.78 can be compared against companies in the Construction 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 Construction company?
A good E10 depends on the Construction 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 Budimex and its competitors. Budimex's current E10 is €6.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Budimex stock overvalued right now?
Based on GuruFocus' analysis, Budimex (FRA:FBF) is currently considered Modestly Overvalued. The stock's GF Value™ is €140.72, compared to a current price of €167.00 — trading 18.7% above its estimated fair value. The current E10 is €6.78. Budimex's overall GF Score™ is 90/100 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 Budimex (FRA:FBF), the current E10 is €6.78 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 Budimex (FRA:FBF) Overvalued in 2026?

Based on GuruFocus' analysis, Budimex stock appears to be overvalued. The current stock price of €167.00 is trading 18.7% above its estimated GF Value™ of €140.72. GuruFocus considers Budimex to be Modestly Overvalued.

Key valuation signals for FRA:FBF:

  • E10: €6.78
  • GF Value™: €140.72 vs. price of €167.00 (18.7% above fair value)
  • GF Score™: 90/100 with 7 warning signs

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


Budimex Business Description

Other Exchanges BDX:Poland
Address Siedmiogrodzka 9 Street, Warsaw, POL, 01-204
Budimex SA provides construction services, property development and management, and other systems to coordinate resources and construct complex structures. The company has two operating segments: Construction business and Service activities. The company generates a majority of its revenue from the Construction business segment, which covers the rendering of widely understood construction and assembly services at home and abroad. The segment of Service activities comprises comprehensive services in the field of municipal waste management, comprehensive road and lighting infrastructure maintenance, and technical operation (maintenance) of buildings. Geographically, the company generates maximum revenue from Poland, followed by Germany, Slovakia, Czechia, Latvia, and other EU countries.
90GF Score

Get the complete analysis for FRA:FBF

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

€167.00
Price
€140.72
GF Value