Wartsila (FRA:MTA) E10: €0.56 (As of Mar. 2026)


FRA:MTA Wartsila Corp FRA:MTA
82 GF Score
Price €32.31
GF Value €20.39
Valuation Significantly Overvalued
! 2 Warning Signs
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What is Wartsila E10?

Wartsila FRA:MTA -0.19% 82 E10 is €0.56 as of Mar. 2026. GuruFocus rates FRA:MTA with a GF Score™ of 82/100 and a GF Value™ of €20.39 (Significantly Overvalued). 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.

Wartsila's adjusted earnings per share data for the three months ended in Mar. 2026 was €0.250. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €0.56 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Wartsila's average E10 Growth Rate was 3.60% per year. During the past 3 years, the average E10 Growth Rate was 1.20% per year. During the past 5 years, the average E10 Growth Rate was -0.80% 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 Wartsila was 1.20% per year. The lowest was -4.50% per year. And the median was -3.35% per year.

As of today (2026-06-28), Wartsila's current stock price is €32.31. Wartsila's E10 for the quarter that ended in Mar. 2026 was €0.56. Wartsila's Shiller PE Ratio of today is 57.70.

During the past 13 years, the highest Shiller PE Ratio of Wartsila was 67.65. The lowest was 9.01. And the median was 22.13.


Wartsila  (FRA:MTA) 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.

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

Shiller PE Ratio=Share Price/E10
=32.31/0.56
=57.70

* 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 Wartsila was 67.65. The lowest was 9.01. And the median was 22.13.


Be Aware

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


Wartsila E10 Related Terms


Wartsila E10 Historical Data

* Premium members only.

The historical data trend for Wartsila'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.

Wartsila E10 Chart

Wartsila 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 0.57 0.54 0.54 0.54 0.55

Wartsila 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 0.58 0.55 0.56 0.55 0.56

FRA:MTA vs GEV, ETN, PH: E10 Comparison

For the Specialty Industrial Machinery subindustry, Wartsila'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.


Wartsila Shiller PE Ratio vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Wartsila's Shiller PE Ratio distribution charts can be found below:

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


FRA:MTA
82GF Score
Wartsila Corp FRA:MTA
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Wartsila 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, Wartsila'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)
=0.25/122.6700*122.6700
=0.250

Current CPI (Mar. 2026) = 122.6700.

Wartsila Quarterly Data

per share eps CPI Adj_EPS
201606 0.063 100.390 0.077
201609 0.143 100.540 0.174
201612 0.290 101.020 0.352
201703 0.090 100.910 0.109
201706 0.120 101.140 0.146
201709 0.140 101.320 0.170
201712 0.280 101.510 0.338
201803 0.100 101.730 0.121
201806 0.130 102.320 0.156
201809 0.170 102.600 0.203
201812 0.250 102.710 0.299
201903 0.100 102.870 0.119
201906 0.110 103.360 0.131
201909 -0.010 103.540 -0.012
201912 0.170 103.650 0.201
202003 0.050 103.490 0.059
202006 0.040 103.320 0.047
202009 0.040 103.710 0.047
202012 0.096 103.890 0.113
202103 0.040 104.870 0.047
202106 0.060 105.360 0.070
202109 0.080 106.290 0.092
202112 0.140 107.490 0.160
202203 -0.240 110.950 -0.265
202206 0.090 113.570 0.097
202209 -0.002 114.920 -0.002
202212 0.050 117.320 0.052
202303 0.090 119.750 0.092
202306 0.050 120.690 0.051
202309 0.140 121.280 0.142
202312 0.160 121.540 0.161
202403 0.140 122.360 0.140
202406 0.200 122.230 0.201
202409 0.240 122.260 0.241
202412 0.270 122.390 0.271
202503 0.210 123.010 0.209
202506 0.230 122.530 0.230
202509 0.310 122.880 0.309
202512 0.320 122.670 0.320
202603 0.250 122.670 0.250

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 €0.56 mean?
Wartsila (FRA:MTA) has a E10 of €0.56 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Wartsila and its competitors.
Is Wartsila's E10 too high?
Wartsila's current E10 is €0.56. Overall, Wartsila has a GF Score™ of 82/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Wartsila's E10 compare to GEV and ETN?
Wartsila's E10 of €0.56 can be compared against companies in the Industrial Products 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 an Industrial Products company?
A good E10 depends on the Industrial Products 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 Wartsila and its competitors. Wartsila's current E10 is €0.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Wartsila stock overvalued right now?
Based on GuruFocus' analysis, Wartsila (FRA:MTA) is currently considered Significantly Overvalued. The stock's GF Value™ is €20.39, compared to a current price of €32.31 — trading 58.5% above its estimated fair value. The current E10 is €0.56. Wartsila's overall GF Score™ is 82/100 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 Wartsila (FRA:MTA), the current E10 is €0.56 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 Wartsila (FRA:MTA) Overvalued in 2026?

Based on GuruFocus' analysis, Wartsila stock appears to be overvalued. The current stock price of €32.31 is trading 58.5% above its estimated GF Value™ of €20.39. GuruFocus considers Wartsila to be Significantly Overvalued.

Key valuation signals for FRA:MTA:

  • E10: €0.56
  • GF Value™: €20.39 vs. price of €32.31 (58.5% above fair value)
  • GF Score™: 82/100 with 2 warning signs

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


Wartsila Business Description

Address Hiililaiturinkuja 2, Helsinki, FIN, FI-00180
Wartsila is a global manufacturer of critical equipment and services for the marine and energy markets with operations in over 70 countries. Approximately one-half of the group's sales are derived from the sale of services and spare parts through its network of 258 sales and service network locations. Wartsila is listed on the Nasdaq Helsinki exchange in Finland. Approximately one in three oceangoing vessels has a Wartsila solution on board, translating into an installed base of over 50,000 vessels and 10,000 customers.
82GF Score

Get the complete analysis for FRA:MTA

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

€32.31
Price
€20.39
GF Value