Williams (FRA:WMB) E10: €1.30 (As of Mar. 2026)


FRA:WMB Williams Companies Inc FRA:WMB
78 GF Score
Price €66.22
GF Value €53.06
Valuation Modestly Overvalued
! 11 Warning Signs
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What is Williams E10?

Williams FRA:WMB +1.81% 78 E10 is €1.30 as of Mar. 2026. GuruFocus rates FRA:WMB with a GF Score™ of 78/100 and a GF Value™ of €53.06 (Modestly Overvalued). The stock has 11 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.

Williams's adjusted earnings per share data for the three months ended in Mar. 2026 was €0.605. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €1.30 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Williams's average E10 Growth Rate was 36.40% per year. During the past 3 years, the average E10 Growth Rate was 12.00% per year. During the past 5 years, the average E10 Growth Rate was 9.20% per year. During the past 10 years, the average E10 Growth Rate was 6.40% 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 Williams was 85.70% per year. The lowest was -58.10% per year. And the median was 0.60% per year.

As of today (2026-06-25), Williams's current stock price is €66.22. Williams's E10 for the quarter that ended in Mar. 2026 was €1.30. Williams's Shiller PE Ratio of today is 50.94.

During the past 13 years, the highest Shiller PE Ratio of Williams was 57.36. The lowest was 19.88. And the median was 37.12.


Williams  (FRA:WMB) 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.

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

Shiller PE Ratio=Share Price/E10
=66.22/1.30
=50.94

* 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 Williams was 57.36. The lowest was 19.88. And the median was 37.12.


Be Aware

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


Williams E10 Related Terms


Williams E10 Historical Data

* Premium members only.

The historical data trend for Williams'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.

Williams E10 Chart

Williams 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 0.82 0.92 1.08 0.99 1.17

Williams 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 1.00 0.97 1.03 1.17 1.30

FRA:WMB vs EPD, KMI, ET: E10 Comparison

For the Oil & Gas Midstream subindustry, Williams'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.


Williams Shiller PE Ratio vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Williams's Shiller PE Ratio distribution charts can be found below:

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


FRA:WMB
78GF Score
Williams Companies Inc FRA:WMB
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Williams 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, Williams'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)
=0.605/330.2130*330.2130
=0.605

Current CPI (Mar. 2026) = 330.2130.

Williams Quarterly Data

per share eps CPI Adj_EPS
201606 -0.481 241.018 -0.659
201609 0.071 241.428 0.097
201612 -0.019 241.432 -0.026
201703 0.421 243.801 0.570
201706 0.089 244.955 0.120
201709 0.034 246.819 0.045
201712 1.715 246.524 2.297
201803 0.146 249.554 0.193
201806 0.137 251.989 0.180
201809 0.111 252.439 0.145
201812 -0.415 251.233 -0.545
201903 0.142 254.202 0.184
201906 0.230 256.143 0.297
201909 0.163 256.759 0.210
201912 0.090 256.974 0.116
202003 -0.389 258.115 -0.498
202006 0.222 257.797 0.284
202009 0.212 260.280 0.269
202012 0.074 260.474 0.094
202103 0.294 264.877 0.367
202106 0.208 271.696 0.253
202109 0.111 274.310 0.134
202112 0.451 278.802 0.534
202203 0.281 287.504 0.323
202206 0.312 296.311 0.348
202209 0.495 296.808 0.551
202212 0.510 296.797 0.567
202303 0.710 301.836 0.777
202306 0.351 305.109 0.380
202309 0.506 307.789 0.543
202312 0.853 306.746 0.918
202403 0.478 312.332 0.505
202406 0.307 314.175 0.323
202409 0.523 315.301 0.548
202412 0.372 315.605 0.389
202503 0.518 319.799 0.535
202506 0.390 322.561 0.399
202509 0.452 324.800 0.460
202512 0.512 324.054 0.522
202603 0.605 330.213 0.605

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 €1.30 mean?
Williams (FRA:WMB) has a E10 of €1.30 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Williams and its competitors.
Is Williams' E10 too high?
Williams' current E10 is €1.30. Overall, Williams has a GF Score™ of 78/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Williams' E10 compare to EPD and KMI?
Williams' E10 of €1.30 can be compared against companies in the Oil & Gas 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 Oil & Gas company?
A good E10 depends on the Oil & Gas 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 Williams and its competitors. Williams's current E10 is €1.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Williams stock overvalued right now?
Based on GuruFocus' analysis, Williams (FRA:WMB) is currently considered Modestly Overvalued. The stock's GF Value™ is €53.06, compared to a current price of €66.22 — trading 24.8% above its estimated fair value. The current E10 is €1.30. Williams' overall GF Score™ is 78/100 with 11 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 Williams (FRA:WMB), the current E10 is €1.30 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 Williams (FRA:WMB) Overvalued in 2026?

Based on GuruFocus' analysis, Williams stock appears to be overvalued. The current stock price of €66.22 is trading 24.8% above its estimated GF Value™ of €53.06. GuruFocus considers Williams to be Modestly Overvalued.

Key valuation signals for FRA:WMB:

  • E10: €1.30
  • GF Value™: €53.06 vs. price of €66.22 (24.8% above fair value)
  • GF Score™: 78/100 with 11 warning signs

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


Williams Business Description

Industry EnergyOil & Gas
Address One Williams Center, Tulsa, OK, USA, 74172
Williams operates the Transco pipeline, which connects the Gulf Coast to the Northeast United States. It has additional natural gas transmission pipelines connecting the Rockies to the Pacific Northwest and midcontinent. At the field level, it operates substantial gathering and processing assets in Appalachia and other basins. The company has also struck several power supply agreements.
78GF Score

Get the complete analysis for FRA:WMB

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

€66.22
Price
€53.06
GF Value