Mazda Motor (FRA:MZA) E10: €0.79 (As of Mar. 2026)


FRA:MZA Mazda Motor Corp FRA:MZA
86 GF Score
Price €5.91
GF Value €6.53
Valuation Modestly Undervalued
! 7 Warning Signs
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What is Mazda Motor E10?

Mazda Motor FRA:MZA +0.46% 86 E10 is €0.79 as of Mar. 2026. GuruFocus rates FRA:MZA with a GF Score™ of 86/100 and a GF Value™ of €6.53 (Modestly Undervalued). The stock has 7 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.

Mazda Motor's adjusted earnings per share data for the three months ended in Mar. 2026 was €0.430. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €0.79 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Mazda Motor's average E10 Growth Rate was -11.00% per year. During the past 3 years, the average E10 Growth Rate was -3.40% per year. During the past 5 years, the average E10 Growth Rate was 8.20% 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 Mazda Motor was 89.70% per year. The lowest was -3.40% per year. And the median was 23.70% per year.

As of today (2026-06-29), Mazda Motor's current stock price is €5.905. Mazda Motor's E10 for the quarter that ended in Mar. 2026 was €0.79. Mazda Motor's Shiller PE Ratio of today is 7.47.

During the past 13 years, the highest Shiller PE Ratio of Mazda Motor was 433.23. The lowest was 4.90. And the median was 9.61.


Mazda Motor  (FRA:MZA) 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.

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

Shiller PE Ratio=Share Price/E10
=5.905/0.79
=7.47

* 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 Mazda Motor was 433.23. The lowest was 4.90. And the median was 9.61.


Be Aware

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


Mazda Motor E10 Related Terms


Mazda Motor E10 Historical Data

* Premium members only.

The historical data trend for Mazda Motor'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.

Mazda Motor E10 Chart

Mazda Motor 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 1.03 1.10 1.03 1.03 0.79

Mazda Motor 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 1.03 0.88 0.79 0.75 0.79

FRA:MZA vs TSLA, GM, F: E10 Comparison

For the Auto Manufacturers subindustry, Mazda Motor'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.


Mazda Motor Shiller PE Ratio vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Mazda Motor's Shiller PE Ratio distribution charts can be found below:

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


FRA:MZA
86GF Score
Mazda Motor Corp FRA:MZA
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
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Mazda Motor 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, Mazda Motor'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)
=0.43/112.7000*112.7000
=0.430

Current CPI (Mar. 2026) = 112.7000.

Mazda Motor Quarterly Data

per share eps CPI Adj_EPS
201606 0.300 98.100 0.345
201609 0.511 98.000 0.588
201612 0.326 98.400 0.373
201703 0.192 98.100 0.221
201706 0.491 98.500 0.562
201709 0.339 98.800 0.387
201712 0.260 99.400 0.295
201803 0.330 99.200 0.375
201806 0.254 99.200 0.289
201809 0.040 99.900 0.045
201812 0.143 99.700 0.162
201903 0.351 99.700 0.397
201906 0.068 99.800 0.077
201909 0.152 100.100 0.171
201912 0.206 100.500 0.231
202003 -0.270 100.300 -0.303
202006 -0.874 99.900 -0.986
202009 -0.336 99.900 -0.379
202012 0.186 99.300 0.211
202103 0.572 99.900 0.645
202106 0.136 99.500 0.154
202109 0.153 100.100 0.172
202112 0.069 100.100 0.078
202203 0.633 101.100 0.706
202206 0.168 101.800 0.186
202209 0.793 103.100 0.867
202212 0.197 104.100 0.213
202303 0.435 104.400 0.470
202306 0.386 105.200 0.414
202309 0.713 106.200 0.757
202312 0.580 106.800 0.612
202403 0.411 107.200 0.432
202406 0.465 108.200 0.484
202409 -0.145 108.900 -0.150
202412 0.544 110.700 0.554
202503 0.231 111.100 0.234
202506 -0.401 111.700 -0.405
202509 -0.029 112.000 -0.029
202512 0.266 113.000 0.265
202603 0.430 112.700 0.430

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 €0.79 mean?
Mazda Motor (FRA:MZA) has a E10 of €0.79 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Mazda Motor and its competitors.
Is Mazda Motor's E10 too high?
Mazda Motor's current E10 is €0.79. Overall, Mazda Motor has a GF Score™ of 86/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Mazda Motor's E10 compare to TSLA and GM?
Mazda Motor's E10 of €0.79 can be compared against companies in the Vehicles & Parts 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 Vehicles & Parts company?
A good E10 depends on the Vehicles & Parts 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 Mazda Motor and its competitors. Mazda Motor's current E10 is €0.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mazda Motor stock overvalued right now?
Based on GuruFocus' analysis, Mazda Motor (FRA:MZA) is currently considered Modestly Undervalued. The stock's GF Value™ is €6.53, compared to a current price of €5.91 — trading 9.6% below its estimated fair value. The current E10 is €0.79. Mazda Motor's overall GF Score™ is 86/100 with 7 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 Mazda Motor (FRA:MZA), the current E10 is €0.79 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 Mazda Motor (FRA:MZA) Overvalued in 2026?

Based on GuruFocus' analysis, Mazda Motor stock appears to be undervalued. The current stock price of €5.91 is trading 9.6% below its estimated GF Value™ of €6.53. GuruFocus considers Mazda Motor to be Modestly Undervalued.

Key valuation signals for FRA:MZA:

  • E10: €0.79
  • GF Value™: €6.53 vs. price of €5.91 (9.6% below fair value)
  • GF Score™: 86/100 with 7 warning signs

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


Mazda Motor Business Description

Address 3-1 Shinchi, Fuchu-cho, Aki-gun, Hiroshima, JPN, 730-8670
Mazda Motor Corp is a Japanese automobile manufacturer. The company mainly manufactures passenger cars and commercial vehicles. It also manufactures diesel and petroleum gasoline engines, along with manual and automatic transmissions for vehicles. The vast majority of the companys production is manufactured locally. The company segments itself across four geographic areas: Japan, North America, Europe, and other markets.
86GF Score

Get the complete analysis for FRA:MZA

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

€5.91
Price
€6.53
GF Value