Nemetschek SE (FRA:NEM) E10: €1.31 (As of Mar. 2026)


FRA:NEM Nemetschek SE FRA:NEM
84 GF Score
Price €52.70
GF Value €125.57
Valuation Significantly Undervalued
! 1 Warning Sign
View Full Analysis

What is Nemetschek SE E10?

Nemetschek SE FRA:NEM -0.47% 84 E10 is €1.31 as of Mar. 2026. GuruFocus rates FRA:NEM with a GF Score™ of 84/100 and a GF Value™ of €125.57 (Significantly Undervalued). The stock has 1 warning sign 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.

Nemetschek SE's adjusted earnings per share data for the three months ended in Mar. 2026 was €0.520. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €1.31 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Nemetschek SE's average E10 Growth Rate was 17.10% per year. During the past 3 years, the average E10 Growth Rate was 16.70% per year. During the past 5 years, the average E10 Growth Rate was 20.40% 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 Nemetschek SE was 23.80% per year. The lowest was 16.70% per year. And the median was 21.30% per year.

As of today (2026-06-28), Nemetschek SE's current stock price is €52.70. Nemetschek SE's E10 for the quarter that ended in Mar. 2026 was €1.31. Nemetschek SE's Shiller PE Ratio of today is 40.23.

During the past 13 years, the highest Shiller PE Ratio of Nemetschek SE was 195.26. The lowest was 40.35. And the median was 102.44.


Nemetschek SE  (FRA:NEM) 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.

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

Shiller PE Ratio=Share Price/E10
=52.70/1.31
=40.23

* 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 Nemetschek SE was 195.26. The lowest was 40.35. And the median was 102.44.


Be Aware

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


Nemetschek SE E10 Related Terms


Nemetschek SE E10 Historical Data

* Premium members only.

The historical data trend for Nemetschek SE'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.

Nemetschek SE E10 Chart

Nemetschek SE 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 0.61 0.79 0.93 1.07 1.23

Nemetschek SE 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 1.11 1.15 1.17 1.23 1.31

FRA:NEM vs CRM, SHOP, UBER: E10 Comparison

For the Software - Application subindustry, Nemetschek SE'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.


Nemetschek SE Shiller PE Ratio vs Software Industry

For the Software industry and Technology sector, Nemetschek SE's Shiller PE Ratio distribution charts can be found below:

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


FRA:NEM
84GF Score
Nemetschek SE FRA:NEM
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nemetschek SE 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, Nemetschek SE'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)
=0.52/131.2583*131.2583
=0.520

Current CPI (Mar. 2026) = 131.2583.

Nemetschek SE Quarterly Data

per share eps CPI Adj_EPS
201606 0.113 100.717 0.147
201609 0.103 101.017 0.134
201612 0.093 101.217 0.121
201703 0.123 101.417 0.159
201706 0.117 102.117 0.150
201709 0.130 102.717 0.166
201712 0.277 102.617 0.354
201803 0.143 102.917 0.182
201806 0.160 104.017 0.202
201809 0.160 104.718 0.201
201812 0.200 104.217 0.252
201903 0.170 104.217 0.214
201906 0.190 105.718 0.236
201909 0.470 106.018 0.582
201912 0.270 105.818 0.335
202003 0.190 105.718 0.236
202006 0.180 106.618 0.222
202009 0.220 105.818 0.273
202012 0.250 105.518 0.311
202103 0.250 107.518 0.305
202106 0.290 108.486 0.351
202109 0.300 109.435 0.360
202112 0.330 110.384 0.392
202203 0.370 113.968 0.426
202206 0.400 115.760 0.454
202209 0.340 118.818 0.376
202212 0.290 119.345 0.319
202303 0.310 122.402 0.332
202306 0.280 123.140 0.298
202309 0.390 124.195 0.412
202312 0.410 123.773 0.435
202403 0.370 125.038 0.388
202406 0.360 125.882 0.375
202409 0.340 126.198 0.354
202412 0.450 127.041 0.465
202503 0.390 127.779 0.401
202506 0.450 128.412 0.460
202509 0.480 129.255 0.487
202512 0.560 129.361 0.568
202603 0.520 131.258 0.520

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 €1.31 mean?
Nemetschek SE (FRA:NEM) has a E10 of €1.31 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Nemetschek SE and its competitors.
Is Nemetschek SE's E10 too high?
Nemetschek SE's current E10 is €1.31. Overall, Nemetschek SE has a GF Score™ of 84/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Nemetschek SE's E10 compare to CRM and SHOP?
Nemetschek SE's E10 of €1.31 can be compared against companies in the Software 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 Software company?
A good E10 depends on the Software 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 Nemetschek SE and its competitors. Nemetschek SE's current E10 is €1.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nemetschek SE stock overvalued right now?
Based on GuruFocus' analysis, Nemetschek SE (FRA:NEM) is currently considered Significantly Undervalued. The stock's GF Value™ is €125.57, compared to a current price of €52.70 — trading 58% below its estimated fair value. The current E10 is €1.31. Nemetschek SE's overall GF Score™ is 84/100 with 1 warning sign 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 Nemetschek SE (FRA:NEM), the current E10 is €1.31 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 Nemetschek SE (FRA:NEM) Overvalued in 2026?

Based on GuruFocus' analysis, Nemetschek SE stock appears to be undervalued. The current stock price of €52.70 is trading 58% below its estimated GF Value™ of €125.57. GuruFocus considers Nemetschek SE to be Significantly Undervalued.

Key valuation signals for FRA:NEM:

  • E10: €1.31
  • GF Value™: €125.57 vs. price of €52.70 (58% below fair value)
  • GF Score™: 84/100 with 1 warning sign

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


Nemetschek SE Business Description

Address Konrad-Zuse-Platz 1, Munich, BY, DEU, 81829
Nemetschek is a German company that makes software products for the architecture, engineering, and construction industry, mainly, but also for the media and entertainment industry. Its software solutions cover the entire life cycle of building and infrastructure projects (design, build, and manage). In media and entertainment, it is one of the world's leading providers of software for the creation of 3D animation and visual effects in movies, TV shows, and gaming.
84GF Score

Get the complete analysis for FRA:NEM

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

€52.70
Price
€125.57
GF Value