Winmark (FRA:GBZ) E10: €9.19 (As of Jun. 2026)

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FRA:GBZ Winmark Corp FRA:GBZ
68 GF Score
Price €300.00
GF Value €343.79
Valuation Modestly Undervalued
View Full Analysis

What is Winmark E10?

Winmark FRA:GBZ +0.67% 68 E10 is €9.19 as of Jun. 2026. GuruFocus rates FRA:GBZ with a GF Score™ of 68/100 and a GF Value™ of €343.79 (Modestly Undervalued).

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.

Winmark's adjusted earnings per share data for the three months ended in Jun. 2026 was €2.439. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €9.19 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Winmark's average E10 Growth Rate was 7.90% per year. During the past 3 years, the average E10 Growth Rate was 9.80% per year. During the past 5 years, the average E10 Growth Rate was 13.40% per year. During the past 10 years, the average E10 Growth Rate was 16.80% 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 Winmark was 69.30% per year. The lowest was -15.40% per year. And the median was 19.40% per year.

As of today (2026-08-15), Winmark's current stock price is €300.00. Winmark's E10 for the quarter that ended in Jun. 2026 was €9.19. Winmark's Shiller PE Ratio of today is 32.64.

During the past 13 years, the highest Shiller PE Ratio of Winmark was 52.43. The lowest was 23.59. And the median was 39.84.


Winmark  (FRA:GBZ) 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.

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

Shiller PE Ratio=Share Price/E10
=300.00/9.19
=32.64

* 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 Winmark was 52.43. The lowest was 23.59. And the median was 39.84.


Be Aware

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


Winmark E10 Related Terms


Winmark E10 Historical Data

* Premium members only.

The historical data trend for Winmark'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.

Winmark E10 Chart

Winmark 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 0.00 0.00 0.00 0.00 0.00

Winmark Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 0.00 0.00 0.00 0.00 9.19

FRA:GBZ vs ARHS, OLPX, SBH: E10 Comparison

For the Specialty Retail subindustry, Winmark'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.


Winmark Shiller PE Ratio vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Winmark's Shiller PE Ratio distribution charts can be found below:

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


FRA:GBZ
68GF Score
Winmark Corp FRA:GBZ
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Winmark 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, Winmark's adjusted earnings per share data for the three months ended in Jun. 2026 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=2.439/333.9520*333.9520
=2.439

Current CPI (Jun. 2026) = 333.9520.

Winmark Quarterly Data

per share eps CPI Adj_EPS
201609 1.256 241.428 1.737
201612 1.337 241.432 1.849
201703 1.169 243.801 1.601
201706 1.095 244.955 1.493
201709 1.141 246.819 1.544
201712 1.572 246.524 2.129
201803 1.371 249.554 1.835
201806 1.481 251.989 1.963
201809 1.723 252.439 2.279
201812 1.609 251.233 2.139
201903 1.531 254.202 2.011
201906 1.584 256.143 2.065
201909 2.034 256.759 2.646
201912 1.872 256.974 2.433
202003 1.692 258.115 2.189
202006 1.181 257.797 1.530
202009 2.063 260.280 2.647
202012 1.718 260.474 2.203
202103 2.016 264.877 2.542
202106 1.934 271.696 2.377
202109 2.270 274.310 2.764
202112 2.735 278.802 3.276
202203 2.406 287.504 2.795
202206 2.403 296.311 2.708
202209 2.959 296.808 3.329
202212 2.700 296.797 3.038
202303 2.326 301.836 2.573
202306 2.631 305.109 2.880
202309 2.858 307.789 3.101
202312 2.421 306.746 2.636
202403 2.217 312.332 2.370
202406 2.648 314.175 2.815
202409 2.730 315.301 2.891
202412 2.483 315.605 2.627
202503 2.507 319.799 2.618
202506 2.506 322.561 2.594
202509 2.573 324.800 2.646
202512 2.297 324.054 2.367
202603 2.162 330.213 2.186
202606 2.439 333.952 2.439

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 €9.19 mean?
Winmark (FRA:GBZ) has a E10 of €9.19 as of Jun. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Winmark and its competitors.
Is Winmark's E10 too high?
Winmark's current E10 is €9.19. Overall, Winmark has a GF Score™ of 68/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Winmark's E10 compare to ARHS and OLPX?
Winmark's E10 of €9.19 can be compared against companies in the Retail - Cyclical 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 Retail - Cyclical company?
A good E10 depends on the Retail - Cyclical 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 Winmark and its competitors. Winmark's current E10 is €9.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Winmark stock overvalued right now?
Based on GuruFocus' analysis, Winmark (FRA:GBZ) is currently considered Modestly Undervalued. The stock's GF Value™ is €343.79, compared to a current price of €300.00 — trading 12.7% below its estimated fair value. The current E10 is €9.19. Winmark's overall GF Score™ is 68/100. 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 Winmark (FRA:GBZ), the current E10 is €9.19 as of Jun. 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 Winmark (FRA:GBZ) Overvalued in 2026?

Based on GuruFocus' analysis, Winmark stock appears to be undervalued. The current stock price of €300.00 is trading 12.7% below its estimated GF Value™ of €343.79. GuruFocus considers Winmark to be Modestly Undervalued.

Key valuation signals for FRA:GBZ:

  • E10: €9.19
  • GF Value™: €343.79 vs. price of €300.00 (12.7% below fair value)
  • GF Score™: 68/100

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


Winmark Business Description

Other Exchanges WINA:USA
Address 605 Highway 169 North, Suite 400, Minneapolis, MN, USA, 55441
Winmark Corp is a franchisor of value-oriented retail store concepts that buy, sell, and trade gently used merchandise. The company has one reportable segment, including Franchising, and one non-reportable segment, Leasing. The franchising segment franchises value-oriented retail stores that buy, sell, trade, and consign merchandise as well as provide strategic consulting services relating to franchising. The leasing segment includes the middle-market equipment leasing business and small-ticket financing business. It generates a majority of its revenue from the Franchising segment.
68GF Score

Get the complete analysis for FRA:GBZ

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

€300.00
Price
€343.79
GF Value