Costamare (FRA:LCM) E10: €1.70 (As of Mar. 2026)


FRA:LCM Costamare Inc FRA:LCM
76 GF Score
Price €13.10
GF Value €7.51
Valuation Significantly Overvalued
! 3 Warning Signs
View Full Analysis

What is Costamare E10?

Costamare FRA:LCM -0.76% 76 E10 is €1.70 as of Mar. 2026. GuruFocus rates FRA:LCM with a GF Score™ of 76/100 and a GF Value™ of €7.51 (Significantly Overvalued). The stock has 3 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.

Costamare's adjusted earnings per share data for the three months ended in Mar. 2026 was €0.536. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €1.70 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Costamare's average E10 Growth Rate was 4.60% per year. During the past 3 years, the average E10 Growth Rate was 7.60% per year. During the past 5 years, the average E10 Growth Rate was 14.50% 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 Costamare was 20.30% per year. The lowest was 7.60% per year. And the median was 12.25% per year.

As of today (2026-06-24), Costamare's current stock price is €13.10. Costamare's E10 for the quarter that ended in Mar. 2026 was €1.70. Costamare's Shiller PE Ratio of today is 7.71.

During the past 13 years, the highest Shiller PE Ratio of Costamare was 11.18. The lowest was 2.26. And the median was 5.01.


Costamare  (FRA:LCM) 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.

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

Shiller PE Ratio=Share Price/E10
=13.10/1.70
=7.71

* 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 Costamare was 11.18. The lowest was 2.26. And the median was 5.01.


Be Aware

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


Costamare E10 Related Terms


Costamare E10 Historical Data

* Premium members only.

The historical data trend for Costamare'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.

Costamare E10 Chart

Costamare 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 1.06 1.50 1.58 1.78 1.67

Costamare 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 1.81 1.67 1.73 1.67 1.70

FRA:LCM vs NMM, SFL, DAC: E10 Comparison

For the Marine Shipping subindustry, Costamare'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.


Costamare Shiller PE Ratio vs Transportation Industry

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

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


FRA:LCM
76GF Score
Costamare Inc FRA:LCM
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Costamare 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, Costamare'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)
=0.536/330.2130*330.2130
=0.536

Current CPI (Mar. 2026) = 330.2130.

Costamare Quarterly Data

per share eps CPI Adj_EPS
201606 0.374 241.018 0.512
201609 0.178 241.428 0.243
201612 -0.190 241.432 -0.260
201703 0.187 243.801 0.253
201706 0.160 244.955 0.216
201709 0.151 246.819 0.202
201712 -0.017 246.524 -0.023
201803 0.089 249.554 0.118
201806 0.051 251.989 0.067
201809 0.051 252.439 0.067
201812 0.097 251.233 0.127
201903 -0.071 254.202 -0.092
201906 0.159 256.143 0.205
201909 0.218 256.759 0.280
201912 0.216 256.974 0.278
202003 0.190 258.115 0.243
202006 -0.622 257.797 -0.797
202009 0.119 260.280 0.151
202012 0.132 260.474 0.167
202103 0.412 264.877 0.514
202106 0.556 271.696 0.676
202109 0.740 274.310 0.891
202112 1.097 278.802 1.299
202203 0.844 287.504 0.969
202206 0.870 296.311 0.970
202209 0.899 296.808 1.000
202212 1.444 296.797 1.607
202303 1.083 301.836 1.185
202306 0.480 305.109 0.519
202309 0.422 307.789 0.453
202312 0.752 306.746 0.810
202403 0.727 312.332 0.769
202406 0.715 314.175 0.751
202409 0.568 315.301 0.595
202412 0.239 315.605 0.250
202503 0.731 319.799 0.755
202506 0.607 322.561 0.621
202509 0.656 324.800 0.667
202512 0.512 324.054 0.522
202603 0.536 330.213 0.536

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 €1.70 mean?
Costamare (FRA:LCM) has a E10 of €1.70 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Costamare and its competitors.
Is Costamare's E10 too high?
Costamare's current E10 is €1.70. Overall, Costamare has a GF Score™ of 76/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Costamare's E10 compare to NMM and SFL?
Costamare's E10 of €1.70 can be compared against companies in the Transportation 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 Transportation company?
A good E10 depends on the Transportation 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 Costamare and its competitors. Costamare's current E10 is €1.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Costamare stock overvalued right now?
Based on GuruFocus' analysis, Costamare (FRA:LCM) is currently considered Significantly Overvalued. The stock's GF Value™ is €7.51, compared to a current price of €13.10 — trading 74.4% above its estimated fair value. The current E10 is €1.70. Costamare's overall GF Score™ is 76/100 with 3 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 Costamare (FRA:LCM), the current E10 is €1.70 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 Costamare (FRA:LCM) Overvalued in 2026?

Based on GuruFocus' analysis, Costamare stock appears to be overvalued. The current stock price of €13.10 is trading 74.4% above its estimated GF Value™ of €7.51. GuruFocus considers Costamare to be Significantly Overvalued.

Key valuation signals for FRA:LCM:

  • E10: €1.70
  • GF Value™: €7.51 vs. price of €13.10 (74.4% above fair value)
  • GF Score™: 76/100 with 3 warning signs

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


Costamare Business Description

Address 7 Rue du Gabian, Monaco, MCO, MC 98000
Costamare Inc is an international owner and operator of containerships and dry bulk vessels. The company charter its containerships to the liner companies, providing transportation of containerized cargoes. It charter its dry bulk vessels to a wide variety of customers, providing transportation for dry bulk cargoes. The company's fleet of vessels includes Cosco Guangzhou, Cosco Ningbo, Cosco Yantian, Vantage, Valor, Valiant, Maersk Kobe, and others. The company provides services to ocean carriers that demand a high standard of safety and reliability. It generates a majority of its revenue from the United States of America.
76GF Score

Get the complete analysis for FRA:LCM

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

€13.10
Price
€7.51
GF Value