KGHM Polska Miedz (FRA:KGHA) E10: €3.00 (As of Jun. 2026)

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FRA:KGHA KGHM Polska Miedz SA FRA:KGHA
72 GF Score
Price €81.48
GF Value €42.05
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is KGHM Polska Miedz E10?

KGHM Polska Miedz FRA:KGHA +2.17% 72 E10 is €3.00 as of Jun. 2026. GuruFocus rates FRA:KGHA with a GF Score™ of 72/100 and a GF Value™ of €42.05 (Significantly Overvalued). 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.

KGHM Polska Miedz's adjusted earnings per share data for the three months ended in Jun. 2026 was €2.373. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €3.00 for the trailing ten years ended in Jun. 2026.

During the past 12 months, KGHM Polska Miedz's average E10 Growth Rate was 270.30% per year. During the past 3 years, the average E10 Growth Rate was 8.30% per year. During the past 5 years, the average E10 Growth Rate was -6.90% 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 KGHM Polska Miedz was 8.30% per year. The lowest was -25.10% per year. And the median was -13.75% per year.

As of today (2026-09-13), KGHM Polska Miedz's current stock price is €81.48. KGHM Polska Miedz's E10 for the quarter that ended in Jun. 2026 was €3.00. KGHM Polska Miedz's Shiller PE Ratio of today is 27.16.

During the past 13 years, the highest Shiller PE Ratio of KGHM Polska Miedz was 75.22. The lowest was 4.50. And the median was 16.56.


KGHM Polska Miedz  (FRA:KGHA) 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.

KGHM Polska Miedz's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=81.48/3.00
=27.16

* 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 KGHM Polska Miedz was 75.22. The lowest was 4.50. And the median was 16.56.


Be Aware

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


KGHM Polska Miedz E10 Related Terms


KGHM Polska Miedz E10 Historical Data

* Premium members only.

The historical data trend for KGHM Polska Miedz'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.

KGHM Polska Miedz E10 Chart

KGHM Polska Miedz 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 1.61 1.68 0.99 0.96 2.33

KGHM Polska Miedz 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 0.82 0.86 2.33 2.77 3.00

FRA:KGHA vs SCCO, FCX: E10 Comparison

For the Copper subindustry, KGHM Polska Miedz'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.


KGHM Polska Miedz Shiller PE Ratio vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, KGHM Polska Miedz's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where KGHM Polska Miedz's Shiller PE Ratio falls into.


FRA:KGHA
72GF Score
KGHM Polska Miedz SA FRA:KGHA
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

KGHM Polska Miedz 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, KGHM Polska Miedz'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)
=2.373/162.2800*162.2800
=2.373

Current CPI (Jun. 2026) = 162.2800.

KGHM Polska Miedz Quarterly Data

per share eps CPI Adj_EPS
201609 0.382 99.064 0.626
201612 -5.786 100.366 -9.355
201703 0.822 101.018 1.321
201706 0.396 101.180 0.635
201709 0.699 101.343 1.119
201712 -0.102 102.564 -0.161
201803 0.509 102.564 0.805
201806 0.199 103.378 0.312
201809 0.421 103.378 0.661
201812 0.792 103.785 1.238
201903 0.639 104.274 0.994
201906 0.484 105.983 0.741
201909 0.806 105.983 1.234
201912 -0.280 107.123 -0.424
202003 0.801 109.076 1.192
202006 0.012 109.402 0.018
202009 0.546 109.320 0.811
202012 0.725 109.565 1.074
202103 1.581 112.658 2.277
202106 2.732 113.960 3.890
202109 1.202 115.588 1.688
202112 1.614 119.088 2.199
202203 2.200 125.031 2.855
202206 2.640 131.705 3.253
202209 1.257 135.531 1.505
202212 -0.572 139.113 -0.667
202303 0.190 145.950 0.211
202306 0.269 147.009 0.297
202309 0.502 146.113 0.558
202312 -5.240 147.741 -5.756
202403 0.491 149.044 0.535
202406 0.753 150.997 0.809
202409 0.278 153.439 0.294
202412 1.799 154.660 1.888
202503 0.382 157.021 0.395
202506 0.289 157.509 0.298
202509 0.502 158.000 0.516
202512 3.098 158.320 3.175
202603 4.087 163.070 4.067
202606 2.373 162.280 2.373

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 €3.00 mean?
KGHM Polska Miedz (FRA:KGHA) has a E10 of €3.00 as of Jun. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on KGHM Polska Miedz and its competitors.
Is KGHM Polska Miedz's E10 too high?
KGHM Polska Miedz's current E10 is €3.00. Overall, KGHM Polska Miedz has a GF Score™ of 72/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does KGHM Polska Miedz's E10 compare to SCCO and FCX?
KGHM Polska Miedz's E10 of €3.00 can be compared against companies in the Metals & Mining 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 Metals & Mining company?
A good E10 depends on the Metals & Mining 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 KGHM Polska Miedz and its competitors. KGHM Polska Miedz's current E10 is €3.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is KGHM Polska Miedz stock overvalued right now?
Based on GuruFocus' analysis, KGHM Polska Miedz (FRA:KGHA) is currently considered Significantly Overvalued. The stock's GF Value™ is €42.05, compared to a current price of €81.48 — trading 93.8% above its estimated fair value. The current E10 is €3.00. KGHM Polska Miedz's overall GF Score™ is 72/100 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 KGHM Polska Miedz (FRA:KGHA), the current E10 is €3.00 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 KGHM Polska Miedz (FRA:KGHA) Overvalued in 2026?

Based on GuruFocus' analysis, KGHM Polska Miedz stock appears to be overvalued. The current stock price of €81.48 is trading 93.8% above its estimated GF Value™ of €42.05. GuruFocus considers KGHM Polska Miedz to be Significantly Overvalued.

Key valuation signals for FRA:KGHA:

  • E10: €3.00
  • GF Value™: €42.05 vs. price of €81.48 (93.8% above fair value)
  • GF Score™: 72/100 with 6 warning signs

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


KGHM Polska Miedz Business Description

Address 48 M.Sklodowskiej-Curie Street, Lubin, POL, 59-301
KGHM Polska Miedz SA engages in copper ore mining and copper production predominantly in South-Western Poland. The company also produces precious metals such as silver, which is typically used for coins, jewelry, photography products, and industrial purposes. The bulk of group revenue is generated through copper sales, and the remainder is through sales of silver, while a minor portion is generated through the production of gold, salt, and casting of light metals. The materials are sold domestically, and exported to Germany, China, the U.S., the United Kingdom, and the Czech Republic, among many other European nations.
72GF Score

Get the complete analysis for FRA:KGHA

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

€81.48
Price
€42.05
GF Value