Subaru (FRA:FUH) E10: €1.52 (As of Mar. 2026)


FRA:FUH Subaru Corp FRA:FUH
77 GF Score
Price €12.77
GF Value €16.88
Valuation Modestly Undervalued
! 8 Warning Signs
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What is Subaru E10?

Subaru FRA:FUH -1.01% 77 E10 is €1.52 as of Mar. 2026. GuruFocus rates FRA:FUH with a GF Score™ of 77/100 and a GF Value™ of €16.88 (Modestly Undervalued). The stock has 8 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.

Subaru's adjusted earnings per share data for the three months ended in Mar. 2026 was €0.061. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €1.52 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Subaru's average E10 Growth Rate was -14.30% per year. During the past 3 years, the average E10 Growth Rate was 0.20% per year. During the past 5 years, the average E10 Growth Rate was 3.70% per year. During the past 10 years, the average E10 Growth Rate was 5.90% 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 Subaru was 10.30% per year. The lowest was 0.20% per year. And the median was 7.05% per year.

As of today (2026-06-28), Subaru's current stock price is €12.77. Subaru's E10 for the quarter that ended in Mar. 2026 was €1.52. Subaru's Shiller PE Ratio of today is 8.40.

During the past 13 years, the highest Shiller PE Ratio of Subaru was 26.27. The lowest was 6.70. And the median was 9.46.


Subaru  (FRA:FUH) 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.

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

Shiller PE Ratio=Share Price/E10
=12.77/1.52
=8.40

* 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 Subaru was 26.27. The lowest was 6.70. And the median was 9.46.


Be Aware

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


Subaru E10 Related Terms


Subaru E10 Historical Data

* Premium members only.

The historical data trend for Subaru'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.

Subaru E10 Chart

Subaru Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.89 1.91 1.86 2.01 1.52

Subaru 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 2.01 1.90 1.79 1.59 1.52

FRA:FUH vs TSLA, GM, F: E10 Comparison

For the Auto Manufacturers subindustry, Subaru'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.


Subaru Shiller PE Ratio vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Subaru's Shiller PE Ratio distribution charts can be found below:

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


FRA:FUH
77GF Score
Subaru Corp FRA:FUH
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
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Subaru 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, Subaru'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)
=0.061/112.7000*112.7000
=0.061

Current CPI (Mar. 2026) = 112.7000.

Subaru Quarterly Data

per share eps CPI Adj_EPS
201606 0.854 98.100 0.981
201609 0.962 98.000 1.106
201612 0.466 98.400 0.534
201703 0.807 98.100 0.927
201706 0.862 98.500 0.986
201709 0.026 98.800 0.030
201712 0.662 99.400 0.751
201803 0.673 99.200 0.765
201806 0.481 99.200 0.546
201809 -0.043 99.900 -0.049
201812 0.767 99.700 0.867
201903 0.242 99.700 0.274
201906 0.710 99.800 0.802
201909 0.020 100.100 0.023
201912 0.467 100.500 0.524
202003 0.448 100.300 0.503
202006 -0.083 99.900 -0.094
202009 0.329 99.900 0.371
202012 0.521 99.300 0.591
202103 0.023 99.900 0.026
202106 0.182 99.500 0.206
202109 0.264 100.100 0.297
202112 0.183 100.100 0.206
202203 0.071 101.100 0.079
202206 0.251 101.800 0.278
202209 0.465 103.100 0.508
202212 0.698 104.100 0.756
202303 0.419 104.400 0.452
202306 0.626 105.200 0.671
202309 0.651 106.200 0.691
202312 1.253 106.800 1.322
202403 0.704 107.200 0.740
202406 0.660 108.200 0.687
202409 0.674 108.900 0.698
202412 1.302 110.700 1.326
202503 0.181 111.100 0.184
202506 0.450 111.700 0.454
202509 0.282 112.000 0.284
202512 -0.052 113.000 -0.052
202603 0.061 112.700 0.061

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 €1.52 mean?
Subaru (FRA:FUH) has a E10 of €1.52 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Subaru and its competitors.
Is Subaru's E10 too high?
Subaru's current E10 is €1.52. Overall, Subaru has a GF Score™ of 77/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Subaru's E10 compare to TSLA and GM?
Subaru's E10 of €1.52 can be compared against companies in the Vehicles & Parts 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 Vehicles & Parts company?
A good E10 depends on the Vehicles & Parts 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 Subaru and its competitors. Subaru's current E10 is €1.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Subaru stock overvalued right now?
Based on GuruFocus' analysis, Subaru (FRA:FUH) is currently considered Modestly Undervalued. The stock's GF Value™ is €16.88, compared to a current price of €12.77 — trading 24.3% below its estimated fair value. The current E10 is €1.52. Subaru's overall GF Score™ is 77/100 with 8 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 Subaru (FRA:FUH), the current E10 is €1.52 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 Subaru (FRA:FUH) Overvalued in 2026?

Based on GuruFocus' analysis, Subaru stock appears to be undervalued. The current stock price of €12.77 is trading 24.3% below its estimated GF Value™ of €16.88. GuruFocus considers Subaru to be Modestly Undervalued.

Key valuation signals for FRA:FUH:

  • E10: €1.52
  • GF Value™: €16.88 vs. price of €12.77 (24.3% below fair value)
  • GF Score™: 77/100 with 8 warning signs

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


Subaru Business Description

Address 1-20-8 Ebisu, Ebisu Subaru Building, Shibuya-ku, Tokyo, JPN, 150-8554
Subaru Corp is a Japan-based company engaged in the automobile manufacturing business. The company operates through three segments: Automobile Business Unit, Aerospace, and Other Businesses. The Aerospace segment manufactures, sells, and repairs aircraft, space-related equipment, and parts. The Automobile segment manufactures, sells, and repairs automobiles and their parts, while also engaging in joint development of sports cars and electric vehicles with Toyota Motor Corporation, and receiving OEM supply of mini and compact cars from Daihatsu Motor. The Others segment is engaged in real estate leasing. It generates the majority of its revenue from the Automobile segment.
77GF Score

Get the complete analysis for FRA:FUH

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

€12.77
Price
€16.88
GF Value