Martin Marietta Materials (FRA:MMX) E10: €17.07 (As of Jun. 2026)

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FRA:MMX Martin Marietta Materials Inc FRA:MMX
87 GF Score
Price €460.00
GF Value €597.36
Valuation Modestly Undervalued
! 3 Warning Signs
View Full Analysis

What is Martin Marietta Materials E10?

Martin Marietta Materials FRA:MMX -2.42% 87 E10 is €17.07 as of Jun. 2026. GuruFocus rates FRA:MMX with a GF Score™ of 87/100 and a GF Value™ of €597.36 (Modestly Undervalued). 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.

Martin Marietta Materials's adjusted earnings per share data for the three months ended in Jun. 2026 was €3.620. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €17.07 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Martin Marietta Materials's average E10 Growth Rate was 25.50% per year. During the past 3 years, the average E10 Growth Rate was 20.00% per year. During the past 5 years, the average E10 Growth Rate was 21.40% per year. During the past 10 years, the average E10 Growth Rate was 17.80% 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 Martin Marietta Materials was 23.50% per year. The lowest was -0.90% per year. And the median was 9.25% per year.

As of today (2026-08-19), Martin Marietta Materials's current stock price is €460.00. Martin Marietta Materials's E10 for the quarter that ended in Jun. 2026 was €17.07. Martin Marietta Materials's Shiller PE Ratio of today is 26.95.

During the past 13 years, the highest Shiller PE Ratio of Martin Marietta Materials was 66.24. The lowest was 27.42. And the median was 44.33.


Martin Marietta Materials  (FRA:MMX) 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.

Martin Marietta Materials's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=460.00/17.07
=26.95

* 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 Martin Marietta Materials was 66.24. The lowest was 27.42. And the median was 44.33.


Be Aware

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


Martin Marietta Materials E10 Related Terms


Martin Marietta Materials E10 Historical Data

* Premium members only.

The historical data trend for Martin Marietta Materials'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.

Martin Marietta Materials E10 Chart

Martin Marietta Materials 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 6.74 8.74 10.02 14.08 13.94

Martin Marietta Materials 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 13.04 13.24 13.94 16.03 17.07

FRA:MMX vs VMC, JHX, EXP: E10 Comparison

For the Building Materials subindustry, Martin Marietta Materials'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.


Martin Marietta Materials Shiller PE Ratio vs Building Materials Industry

For the Building Materials industry and Basic Materials sector, Martin Marietta Materials's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Martin Marietta Materials's Shiller PE Ratio falls into.


FRA:MMX
87GF Score
Martin Marietta Materials Inc FRA:MMX
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Martin Marietta Materials 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, Martin Marietta Materials'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)
=3.62/333.9520*333.9520
=3.620

Current CPI (Jun. 2026) = 333.9520.

Martin Marietta Materials Quarterly Data

per share eps CPI Adj_EPS
201609 2.219 241.428 3.069
201612 1.469 241.432 2.032
201703 0.626 243.801 0.857
201706 2.003 244.955 2.731
201709 2.005 246.819 2.713
201712 5.028 246.524 6.811
201803 0.130 249.554 0.174
201806 2.500 251.989 3.313
201809 2.442 252.439 3.231
201812 1.318 251.233 1.752
201903 0.602 254.202 0.791
201906 2.664 256.143 3.473
201909 3.596 256.759 4.677
201912 1.881 256.974 2.444
202003 0.371 258.115 0.480
202006 3.099 257.797 4.014
202009 3.999 260.280 5.131
202012 2.408 260.474 3.087
202103 0.874 264.877 1.102
202106 2.996 271.696 3.682
202109 3.460 274.310 4.212
202112 2.213 278.802 2.651
202203 0.310 287.504 0.360
202206 5.544 296.311 6.248
202209 4.777 296.808 5.375
202212 2.785 296.797 3.134
202303 1.821 301.836 2.015
202306 5.178 305.109 5.667
202309 6.297 307.789 6.832
202312 4.172 306.746 4.542
202403 15.520 312.332 16.594
202406 4.422 314.175 4.700
202409 5.325 315.301 5.640
202412 4.574 315.605 4.840
202503 1.757 319.799 1.835
202506 4.708 322.561 4.874
202509 5.836 324.800 6.000
202512 3.945 324.054 4.065
202603 21.677 330.213 21.922
202606 3.620 333.952 3.620

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 €17.07 mean?
Martin Marietta Materials (FRA:MMX) has a E10 of €17.07 as of Jun. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Martin Marietta Materials and its competitors.
Is Martin Marietta Materials' E10 too high?
Martin Marietta Materials' current E10 is €17.07. Overall, Martin Marietta Materials has a GF Score™ of 87/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Martin Marietta Materials' E10 compare to VMC and JHX?
Martin Marietta Materials' E10 of €17.07 can be compared against companies in the Building Materials 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 Building Materials company?
A good E10 depends on the Building Materials 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 Martin Marietta Materials and its competitors. Martin Marietta Materials's current E10 is €17.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Martin Marietta Materials stock overvalued right now?
Based on GuruFocus' analysis, Martin Marietta Materials (FRA:MMX) is currently considered Modestly Undervalued. The stock's GF Value™ is €597.36, compared to a current price of €460.00 — trading 23% below its estimated fair value. The current E10 is €17.07. Martin Marietta Materials' overall GF Score™ is 87/100 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 Martin Marietta Materials (FRA:MMX), the current E10 is €17.07 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 Martin Marietta Materials (FRA:MMX) Overvalued in 2026?

Based on GuruFocus' analysis, Martin Marietta Materials stock appears to be undervalued. The current stock price of €460.00 is trading 23% below its estimated GF Value™ of €597.36. GuruFocus considers Martin Marietta Materials to be Modestly Undervalued.

Key valuation signals for FRA:MMX:

  • E10: €17.07
  • GF Value™: €597.36 vs. price of €460.00 (23% below fair value)
  • GF Score™: 87/100 with 3 warning signs

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


Martin Marietta Materials Business Description

Address 4123 Parklake Avenue, Raleigh, NC, USA, 27612
Martin Marietta Materials is one of the United States' largest producer of construction aggregates (crushed stone, sand, and gravel). In 2024, Martin Marietta sold 191 million tons of aggregates. Martin Marietta's most important markets include Texas, North Carolina, Colorado, California, and Georgia, accounting for most of its sales. The company also uses its aggregates in its asphalt and ready-mixed concrete businesses. Martin's magnesia specialties business produces magnesia-based chemical products and dolomitic lime.
87GF Score

Get the complete analysis for FRA:MMX

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

€460.00
Price
€597.36
GF Value