Natuzzi SpA (FRA:NTZA) E10: €-1.09 (As of Dec. 2025)


FRA:NTZA Natuzzi SpA FRA:NTZA
40 GF Score
Price €1.61
GF Value €3.76
Valuation Possible Value Trap
! 4 Warning Signs
View Full Analysis

What is Natuzzi SpA E10?

Natuzzi SpA FRA:NTZA +5.92% 40 E10 is €-1.09 as of Dec. 2025. GuruFocus rates FRA:NTZA with a GF Score™ of 40/100 and a GF Value™ of €3.76 (Possible Value Trap). The stock has 4 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.

Natuzzi SpA's adjusted earnings per share data for the three months ended in Dec. 2025 was €-1.316. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €-1.09 for the trailing ten years ended in Dec. 2025.

During the past 3 years, the average E10 Growth Rate was 19.60% per year. During the past 5 years, the average E10 Growth Rate was 16.80% per year. During the past 10 years, the average E10 Growth Rate was 11.30% 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 Natuzzi SpA was 22.90% per year. The lowest was -77.10% per year. And the median was -2.00% per year.

As of today (2026-07-03), Natuzzi SpA's current stock price is €1.61. Natuzzi SpA's E10 for the quarter that ended in Dec. 2025 was €-1.09. Natuzzi SpA's Shiller PE Ratio of today is .


Natuzzi SpA  (FRA:NTZA) 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.


Be Aware

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


Natuzzi SpA E10 Related Terms


Natuzzi SpA E10 Historical Data

* Premium members only.

The historical data trend for Natuzzi SpA'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.

Natuzzi SpA E10 Chart

Natuzzi SpA 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 -2.02 -2.30 -1.61 -1.06 -1.09

Natuzzi SpA Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
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 -1.06 -1.18 -0.90 -0.97 -1.09

FRA:NTZA vs MWYN, EFOI, ATER: E10 Comparison

For the Furnishings, Fixtures & Appliances subindustry, Natuzzi SpA'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.


Natuzzi SpA Shiller PE Ratio vs Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Natuzzi SpA's Shiller PE Ratio distribution charts can be found below:

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


FRA:NTZA
40GF Score
Natuzzi SpA FRA:NTZA
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Natuzzi SpA 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, Natuzzi SpA's adjusted earnings per share data for the three months ended in Dec. 2025 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=-1.316/122.6000*122.6000
=-1.316

Current CPI (Dec. 2025) = 122.6000.

Natuzzi SpA Quarterly Data

per share eps CPI Adj_EPS
201603 -0.018 99.600 -0.022
201606 -0.100 99.900 -0.123
201609 -0.500 100.100 -0.612
201612 0.050 100.300 0.061
201703 -1.000 101.000 -1.214
201706 -0.350 101.100 -0.424
201709 -1.000 101.200 -1.211
201712 -0.550 101.200 -0.666
201803 -0.492 101.800 -0.593
201806 -0.800 102.400 -0.958
201809 5.450 102.600 6.512
201812 -1.100 102.300 -1.318
201903 -0.400 102.800 -0.477
201906 -0.950 103.100 -1.130
201909 -1.050 102.900 -1.251
201912 -0.600 102.800 -0.716
202003 -0.700 102.900 -0.834
202006 -0.811 102.900 -0.966
202009 -0.400 102.300 -0.479
202012 -0.355 102.600 -0.424
202103 0.550 103.700 0.650
202106 0.018 104.200 0.021
202109 -0.350 104.900 -0.409
202112 0.135 106.600 0.155
202203 0.091 110.400 0.101
202206 -0.091 112.500 -0.099
202209 0.492 114.200 0.528
202212 -0.545 119.000 -0.561
202303 -0.291 118.800 -0.300
202306 -0.027 119.700 -0.028
202309 -0.245 120.300 -0.250
202312 -0.890 119.700 -0.912
202403 -0.154 120.200 -0.157
202406 -0.218 120.700 -0.221
202409 -0.699 121.200 -0.707
202412 -0.300 121.200 -0.303
202503 -0.372 122.500 -0.372
202506 -0.545 122.700 -0.545
202509 -0.481 123.100 -0.479
202512 -1.316 122.600 -1.316

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 €-1.09 mean?
Natuzzi SpA (FRA:NTZA) has a E10 of €-1.09 as of Dec. 2025. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Natuzzi SpA and its competitors.
Is Natuzzi SpA's E10 too high?
Natuzzi SpA's current E10 is €-1.09. Overall, Natuzzi SpA has a GF Score™ of 40/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Natuzzi SpA's E10 compare to MWYN and EFOI?
Natuzzi SpA's E10 of €-1.09 can be compared against companies in the Furnishings, Fixtures & Appliances 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 Furnishings, Fixtures & Appliances company?
A good E10 depends on the Furnishings, Fixtures & Appliances 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 Natuzzi SpA and its competitors. Natuzzi SpA's current E10 is €-1.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Natuzzi SpA stock overvalued right now?
Based on GuruFocus' analysis, Natuzzi SpA (FRA:NTZA) is currently considered Possible Value Trap. The stock's GF Value™ is €3.76, compared to a current price of €1.61 — trading 57.2% below its estimated fair value. The current E10 is €-1.09. Natuzzi SpA's overall GF Score™ is 40/100 with 4 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 Natuzzi SpA (FRA:NTZA), the current E10 is €-1.09 as of Dec. 2025. 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 Natuzzi SpA (FRA:NTZA) Overvalued in 2026?

Based on GuruFocus' analysis, Natuzzi SpA stock appears to be undervalued. The current stock price of €1.61 is trading 57.2% below its estimated GF Value™ of €3.76. GuruFocus considers Natuzzi SpA to be Possible Value Trap.

Key valuation signals for FRA:NTZA:

  • E10: €-1.09
  • GF Value™: €3.76 vs. price of €1.61 (57.2% below fair value)
  • GF Score™: 40/100 with 4 warning signs

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


Natuzzi SpA Business Description

Other Exchanges NTZ:USA
Address Via Iazzitiello 47, Santeramo in Colle, Bari, ITA, 70029
Natuzzi SpA is an Italian firm that designs, manufactures, and sells contemporary and traditional leather and fabric-upholstered furniture. Its product portfolio includes sofas, loveseats, armchairs, sectional furniture, motion furniture, sofa beds, living room furnishings, and accessories. The company markets its products under several brands such as Natuzzi Italia, Private Label, and Natuzzi Editions. The Group operates in two operating segments, the Natuzzi brand and Private label. The Natuzzi brand segment includes net sales from the Natuzzi Italia, Natuzzi Editions, and Divani&Divani by Natuzzi product lines. Geographically, it derives a majority of its revenue from the United States of America and also has an international presence in Italy, Spain, the UK, China, and Other countries.
40GF Score

Get the complete analysis for FRA:NTZA

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

€1.61
Price
€3.76
GF Value