McKesson (FRA:MCK) E10: €10.98 (As of Mar. 2026)


FRA:MCK McKesson Corp FRA:MCK
81 GF Score
Price €682.80
GF Value €707.29
Valuation Fairly Valued
! 2 Warning Signs
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What is McKesson E10?

McKesson FRA:MCK +1.25% 81 E10 is €10.98 as of Mar. 2026. GuruFocus rates FRA:MCK with a GF Score™ of 81/100 and a GF Value™ of €707.29 (Fairly Valued). The stock has 2 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.

McKesson's adjusted earnings per share data for the three months ended in Mar. 2026 was €11.859. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €10.98 for the trailing ten years ended in Mar. 2026.

During the past 12 months, McKesson's average E10 Growth Rate was 28.80% per year. During the past 3 years, the average E10 Growth Rate was 27.10% per year. During the past 5 years, the average E10 Growth Rate was 28.60% per year. During the past 10 years, the average E10 Growth Rate was 4.70% 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 McKesson was 33.00% per year. The lowest was -19.00% per year. And the median was 12.25% per year.

As of today (2026-06-27), McKesson's current stock price is €682.80. McKesson's E10 for the quarter that ended in Mar. 2026 was €10.98. McKesson's Shiller PE Ratio of today is 62.19.

During the past 13 years, the highest Shiller PE Ratio of McKesson was 85.56. The lowest was 14.80. And the median was 49.65.


McKesson  (FRA:MCK) 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.

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

Shiller PE Ratio=Share Price/E10
=682.80/10.98
=62.19

* 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 McKesson was 85.56. The lowest was 14.80. And the median was 49.65.


Be Aware

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


McKesson E10 Related Terms


McKesson E10 Historical Data

* Premium members only.

The historical data trend for McKesson'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.

McKesson E10 Chart

McKesson 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 3.81 5.82 7.46 9.13 10.98

McKesson 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 9.13 8.75 9.20 10.00 10.98

FRA:MCK vs COR, CAH, HSIC: E10 Comparison

For the Medical Distribution subindustry, McKesson'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.


McKesson Shiller PE Ratio vs Medical Distribution Industry

For the Medical Distribution industry and Healthcare sector, McKesson's Shiller PE Ratio distribution charts can be found below:

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


FRA:MCK
81GF Score
McKesson Corp FRA:MCK
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

McKesson 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, McKesson'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)
=11.859/330.2130*330.2130
=11.859

Current CPI (Mar. 2026) = 330.2130.

McKesson Quarterly Data

per share eps CPI Adj_EPS
201606 2.118 241.018 2.902
201609 1.194 241.428 1.633
201612 2.702 241.432 3.696
201703 15.671 243.801 21.225
201706 1.291 244.955 1.740
201709 0.008 246.819 0.011
201712 3.659 246.524 4.901
201803 -4.525 249.554 -5.988
201806 -0.582 251.989 -0.763
201809 2.151 252.439 2.814
201812 2.110 251.233 2.773
201903 -3.690 254.202 -4.793
201906 1.982 256.143 2.555
201909 -3.623 256.759 -4.659
201912 0.927 256.974 1.191
202003 5.294 258.115 6.773
202006 2.415 257.797 3.093
202009 3.005 260.280 3.812
202012 -32.083 260.474 -40.673
202103 3.486 264.877 4.346
202106 2.548 271.696 3.097
202109 1.454 274.310 1.750
202112 -0.035 278.802 -0.041
202203 2.243 287.504 2.576
202206 4.976 296.311 5.545
202209 6.484 296.808 7.214
202212 7.231 296.797 8.045
202303 5.333 301.836 5.834
202306 6.479 305.109 7.012
202309 4.610 307.789 4.946
202312 4.053 306.746 4.363
202403 5.538 312.332 5.855
202406 6.503 314.175 6.835
202409 1.685 315.301 1.765
202412 6.637 315.605 6.944
202503 9.259 319.799 9.561
202506 5.419 322.561 5.548
202509 7.600 324.800 7.727
202512 8.190 324.054 8.346
202603 11.859 330.213 11.859

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 €10.98 mean?
McKesson (FRA:MCK) has a E10 of €10.98 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on McKesson and its competitors.
Is McKesson's E10 too high?
McKesson's current E10 is €10.98. Overall, McKesson has a GF Score™ of 81/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does McKesson's E10 compare to COR and CAH?
McKesson's E10 of €10.98 can be compared against companies in the Medical Distribution 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 Medical Distribution company?
A good E10 depends on the Medical Distribution 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 McKesson and its competitors. McKesson's current E10 is €10.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is McKesson stock overvalued right now?
Based on GuruFocus' analysis, McKesson (FRA:MCK) is currently considered Fairly Valued. The stock's GF Value™ is €707.29, compared to a current price of €682.80 — trading 3.5% below its estimated fair value. The current E10 is €10.98. McKesson's overall GF Score™ is 81/100 with 2 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 McKesson (FRA:MCK), the current E10 is €10.98 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 McKesson (FRA:MCK) Overvalued in 2026?

Based on GuruFocus' analysis, McKesson stock appears to be undervalued. The current stock price of €682.80 is trading 3.5% below its estimated GF Value™ of €707.29. GuruFocus considers McKesson to be Fairly Valued.

Key valuation signals for FRA:MCK:

  • E10: €10.98
  • GF Value™: €707.29 vs. price of €682.80 (3.5% below fair value)
  • GF Score™: 81/100 with 2 warning signs

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


McKesson Business Description

Address 6555 State Highway 161, Irving, TX, USA, 75039
McKesson is one of three leading pharmaceutical wholesalers in the US engaged in sourcing and distributing branded, generic, and specialty pharmaceutical products to pharmacies (retail chains, independent, and mail order), hospitals networks, and healthcare providers. Along with Cencora and Cardinal Health, the three account for over 90% of the US pharmaceutical wholesale industry. Outside the US market, McKesson engages in pharmaceutical wholesale and distribution in Canada. Additionally, the company supplies medical-surgical products and equipment to healthcare facilities and provides a variety of technology solutions for pharmacies.
81GF Score

Get the complete analysis for FRA:MCK

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

€682.80
Price
€707.29
GF Value