Sunex (FRA:HN6) E10: €0.06 (As of Mar. 2026)

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Director of Data and Quant Analytics at GuruFocus
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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

FRA:HN6 Sunex SA FRA:HN6
58 GF Score
Price €0.66
GF Value €1.46
Valuation Possible Value Trap
! 6 Warning Signs
View Full Analysis

What is Sunex E10?

Sunex FRA:HN6 -1.35% 58 E10 is €0.06 as of Mar. 2026. GuruFocus rates FRA:HN6 with a GF Score™ of 58/100 and a GF Value™ of €1.46 (Possible Value Trap). The stock has 6 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.

Sunex's adjusted earnings per share data for the three months ended in Mar. 2026 was €-0.105. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €0.06 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Sunex's average E10 Growth Rate was -27.80% per year. During the past 3 years, the average E10 Growth Rate was -4.10% 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 Sunex was 43.00% per year. The lowest was -4.10% per year. And the median was 19.45% per year.

As of today (2026-07-17), Sunex's current stock price is €0.656. Sunex's E10 for the quarter that ended in Mar. 2026 was €0.06. Sunex's Shiller PE Ratio of today is 10.93.

During the past 13 years, the highest Shiller PE Ratio of Sunex was 138.10. The lowest was 8.95. And the median was 24.89.


Sunex  (FRA:HN6) 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.

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

Shiller PE Ratio=Share Price/E10
=0.656/0.06
=10.93

* 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 Sunex was 138.10. The lowest was 8.95. And the median was 24.89.


Be Aware

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


Sunex E10 Related Terms


Sunex E10 Historical Data

* Premium members only.

The historical data trend for Sunex'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.

Sunex E10 Chart

Sunex 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 0.11 0.07 0.06

Sunex 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 0.09 0.08 0.07 0.06 0.06

FRA:HN6 vs FSLR, NXT, ENPH: E10 Comparison

For the Solar subindustry, Sunex'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.


Sunex Shiller PE Ratio vs Semiconductors Industry

For the Semiconductors industry and Technology sector, Sunex's Shiller PE Ratio distribution charts can be found below:

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


FRA:HN6
58GF Score
Sunex SA FRA:HN6
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Sunex 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, Sunex'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)
=-0.105/163.0700*163.0700
=-0.105

Current CPI (Mar. 2026) = 163.0700.

Sunex Quarterly Data

per share eps CPI Adj_EPS
201606 -0.001 99.552 -0.002
201609 0.005 99.064 0.008
201612 0.002 100.366 0.003
201703 0.000 101.018 0.000
201706 0.006 101.180 0.010
201709 0.004 101.343 0.006
201712 -0.002 102.564 -0.003
201803 0.003 102.564 0.005
201806 0.006 103.378 0.009
201809 0.015 103.378 0.024
201812 -0.006 103.785 -0.009
201903 0.009 104.274 0.014
201906 0.015 105.983 0.023
201909 0.011 105.983 0.017
201912 0.004 107.123 0.006
202003 0.002 109.076 0.003
202006 0.037 109.402 0.055
202009 0.027 109.320 0.040
202012 0.007 109.565 0.010
202103 0.021 112.658 0.030
202106 0.016 113.960 0.023
202109 0.025 115.588 0.035
202112 0.009 119.088 0.012
202203 0.066 125.031 0.086
202206 0.096 131.705 0.119
202209 0.147 135.531 0.177
202212 0.131 139.113 0.154
202303 0.110 145.950 0.123
202306 0.110 147.009 0.122
202309 0.025 146.113 0.028
202312 0.030 147.741 0.033
202403 -0.101 149.044 -0.111
202406 -0.055 150.997 -0.059
202409 -0.023 153.439 -0.024
202412 -0.044 154.660 -0.046
202503 -0.073 157.021 -0.076
202506 -0.027 157.509 -0.028
202509 -0.023 158.000 -0.024
202512 -0.085 158.320 -0.088
202603 -0.105 163.070 -0.105

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 €0.06 mean?
Sunex (FRA:HN6) has a E10 of €0.06 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Sunex and its competitors.
Is Sunex's E10 too high?
Sunex's current E10 is €0.06. Overall, Sunex has a GF Score™ of 58/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Sunex's E10 compare to FSLR and NXT?
Sunex's E10 of €0.06 can be compared against companies in the Semiconductors 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 Semiconductors company?
A good E10 depends on the Semiconductors 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 Sunex and its competitors. Sunex's current E10 is €0.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sunex stock overvalued right now?
Based on GuruFocus' analysis, Sunex (FRA:HN6) is currently considered Possible Value Trap. The stock's GF Value™ is €1.46, compared to a current price of €0.66 — trading 55.1% below its estimated fair value. The current E10 is €0.06. Sunex's overall GF Score™ is 58/100 with 6 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 Sunex (FRA:HN6), the current E10 is €0.06 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 Sunex (FRA:HN6) Overvalued in 2026?

Based on GuruFocus' analysis, Sunex stock appears to be undervalued. The current stock price of €0.66 is trading 55.1% below its estimated GF Value™ of €1.46. GuruFocus considers Sunex to be Possible Value Trap.

Key valuation signals for FRA:HN6:

  • E10: €0.06
  • GF Value™: €1.46 vs. price of €0.66 (55.1% below fair value)
  • GF Score™: 58/100 with 6 warning signs

No single metric tells the full story. See the FRA:HN6 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Sunex Business Description

Other Exchanges SNX:PolandHN6:Germany
Address Ulica Piaskowa 7, Raciborz, POL, 47-400
Sunex SA is a manufacturer of solutions based on renewable energy sources. The company offers Heat pumps, Solar panels, Thermo-siphons, Assembly systems, Connection systems, Water heater tanks, Pump stations, Heat exchange-stations, Heat carriers, Custom products and Solar controllers.
58GF Score

Get the complete analysis for FRA:HN6

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

€0.66
Price
€1.46
GF Value