Matthews International (FRA:MW1A) E10: €-0.21 (As of Jun. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

FRA:MW1A Matthews International Corp FRA:MW1A
63 GF Score
Price €17.00
GF Value €13.63
! 5 Warning Signs
View Full Analysis

What is Matthews International E10?

Matthews International FRA:MW1A 63 E10 is €-0.21 as of Jun. 2026. GuruFocus rates FRA:MW1A with a GF Score™ of 63/100 and a GF Value™ of €13.63. The stock has 5 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.

Matthews International's adjusted earnings per share data for the three months ended in Jun. 2026 was €-0.648. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €-0.21 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Matthews International's average E10 Growth Rate was -205.90% per year. During the past 3 years, the average E10 Growth Rate was -77.10% per year. During the past 5 years, the average E10 Growth Rate was -56.70% per year. During the past 10 years, the average E10 Growth Rate was -30.80% 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 Matthews International was 14.50% per year. The lowest was -77.10% per year. And the median was 0.00% per year.

As of today (2026-09-16), Matthews International's current stock price is €17.00. Matthews International's E10 for the quarter that ended in Jun. 2026 was €-0.21. Matthews International's Shiller PE Ratio of today is .

During the past 13 years, the highest Shiller PE Ratio of Matthews International was 2686.00. The lowest was 10.37. And the median was 27.49.


Matthews International  (FRA:MW1A) 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.

During the past 13 years, the highest Shiller P/E Ratio of Matthews International was 2686.00. The lowest was 10.37. And the median was 27.49.


Be Aware

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


Matthews International E10 Related Terms


Matthews International E10 Historical Data

* Premium members only.

The historical data trend for Matthews International'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.

Matthews International E10 Chart

Matthews International Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.05 0.65 0.59 0.28 -0.01

Matthews International 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 0.10 -0.04 0.06 -0.05 -0.21

FRA:MW1A vs FBYD, CODI, TRC: E10 Comparison

For the Conglomerates subindustry, Matthews International'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.


Matthews International Shiller PE Ratio vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, Matthews International's Shiller PE Ratio distribution charts can be found below:

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


FRA:MW1A
63GF Score
Matthews International Corp FRA:MW1A
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Matthews International 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, Matthews International'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)
=-0.6481/333.9520*333.9520
=-0.648

Current CPI (Jun. 2026) = 333.9520.

Matthews International Quarterly Data

per share eps CPI Adj_EPS
201609 0.663 241.428 0.917
201612 0.297 241.432 0.411
201703 0.432 243.801 0.591
201706 0.823 244.955 1.121
201709 0.511 246.819 0.692
201712 0.938 246.524 1.270
201803 0.464 249.554 0.621
201806 0.645 251.989 0.855
201809 0.793 252.439 1.049
201812 0.086 251.233 0.114
201903 0.429 254.202 0.563
201906 0.413 256.143 0.539
201909 -2.041 256.759 -2.654
201912 -0.304 256.974 -0.395
202003 -2.517 258.115 -3.256
202006 0.066 257.797 0.085
202009 0.199 260.280 0.256
202012 -0.047 260.474 -0.060
202103 0.129 264.877 0.163
202106 0.087 271.696 0.106
202109 -0.099 274.310 -0.121
202112 -0.546 278.802 -0.654
202203 -0.054 287.504 -0.062
202206 0.086 296.311 0.097
202209 -2.653 296.808 -2.985
202212 0.117 296.797 0.132
202303 0.273 301.836 0.302
202306 0.257 305.109 0.281
202309 0.517 307.789 0.561
202312 -0.069 306.746 -0.075
202403 0.266 312.332 0.285
202406 0.053 314.175 0.056
202409 -2.007 315.301 -2.126
202412 -0.105 315.605 -0.111
202503 -0.272 319.799 -0.284
202506 0.432 322.561 0.447
202509 -0.763 324.800 -0.785
202512 1.191 324.054 1.228
202603 -0.593 330.213 -0.599
202606 -0.648 333.952 -0.648

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 €-0.21 mean?
Matthews International (FRA:MW1A) has a E10 of €-0.21 as of Jun. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Matthews International and its competitors.
Is Matthews International's E10 too high?
Matthews International's current E10 is €-0.21. Overall, Matthews International has a GF Score™ of 63/100, reflecting its overall financial health beyond just this single metric.
How does Matthews International's E10 compare to FBYD and CODI?
Matthews International's E10 of €-0.21 can be compared against companies in the Conglomerates 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 Conglomerates company?
A good E10 depends on the Conglomerates 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 Matthews International and its competitors. Matthews International's current E10 is €-0.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Matthews International stock overvalued right now?
Matthews International (FRA:MW1A) has a current E10 of €-0.21. The stock's GF Value™ is €13.63, compared to a current price of €17.00 — trading 24.7% above its estimated fair value. The current E10 is €-0.21. Matthews International's overall GF Score™ is 63/100 with 5 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 Matthews International (FRA:MW1A), the current E10 is €-0.21 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 Matthews International (FRA:MW1A) Overvalued in 2026?

Based on GuruFocus' analysis, Matthews International stock appears to be overvalued. The current stock price of €17.00 is trading 24.7% above its estimated GF Value™ of €13.63.

Key valuation signals for FRA:MW1A:

  • E10: €-0.21
  • GF Value™: €13.63 vs. price of €17.00 (24.7% above fair value)
  • GF Score™: 63/100 with 5 warning signs

No single metric tells the full story. See the FRA:MW1A stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Matthews International Business Description

Other Exchanges MATW:USA
Address Two Northshore Center, Pittsburgh, PA, USA, 15212-5851
Matthews International Corp is a provider of memorialization products, industrial technologies and brand solutions. The company's segments are Memorialization, Industrial Technologies and Brand Solutions. The memorialization offerings include bronze and granite memorials, caskets, and cremation-related products and equipment for cemeteries and funeral homes. Its Industrial Technologies segment designs, manufactures, services, and sells custom energy storage systems and product identification and warehouse automation solutions. The Brand Solutions segment provides brand management, pre-media, printing plates and cylinders, imaging, digital asset management, merchandising displays, and marketing and design services. The majority of revenue is generated by Memorialization.
63GF Score

Get the complete analysis for FRA:MW1A

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

€17.00
Price
€13.63
GF Value