Warsaw Stock Exchange (FRA:WSX) E10: €1.21 (As of Mar. 2026)


FRA:WSX Warsaw Stock Exchange FRA:WSX
90 GF Score
Price €20.02
GF Value €13.26
Valuation Significantly Overvalued
! 8 Warning Signs
View Full Analysis

What is Warsaw Stock Exchange E10?

Warsaw Stock Exchange FRA:WSX +0.30% 90 E10 is €1.21 as of Mar. 2026. GuruFocus rates FRA:WSX with a GF Score™ of 90/100 and a GF Value™ of €13.26 (Significantly Overvalued). The stock has 8 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.

Warsaw Stock Exchange's adjusted earnings per share data for the three months ended in Mar. 2026 was €0.387. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €1.21 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Warsaw Stock Exchange's average E10 Growth Rate was 1.70% per year. During the past 3 years, the average E10 Growth Rate was 3.00% per year. During the past 5 years, the average E10 Growth Rate was 7.50% 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 Warsaw Stock Exchange was 11.70% per year. The lowest was 3.00% per year. And the median was 9.65% per year.

As of today (2026-06-26), Warsaw Stock Exchange's current stock price is €20.02. Warsaw Stock Exchange's E10 for the quarter that ended in Mar. 2026 was €1.21. Warsaw Stock Exchange's Shiller PE Ratio of today is 16.55.

During the past 13 years, the highest Shiller PE Ratio of Warsaw Stock Exchange was 15.97. The lowest was 6.69. And the median was 10.00.


Warsaw Stock Exchange  (FRA:WSX) 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.

Warsaw Stock Exchange's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=20.02/1.21
=16.55

* 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 Warsaw Stock Exchange was 15.97. The lowest was 6.69. And the median was 10.00.


Be Aware

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


Warsaw Stock Exchange E10 Related Terms


Warsaw Stock Exchange E10 Historical Data

* Premium members only.

The historical data trend for Warsaw Stock Exchange'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.

Warsaw Stock Exchange E10 Chart

Warsaw Stock Exchange 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 0.90 1.03 1.19 1.26 1.28

Warsaw Stock Exchange 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 1.29 1.26 1.25 1.28 1.21

FRA:WSX vs SPGI, CME, ICE: E10 Comparison

For the Financial Data & Stock Exchanges subindustry, Warsaw Stock Exchange'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.


Warsaw Stock Exchange Shiller PE Ratio vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Warsaw Stock Exchange's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Warsaw Stock Exchange's Shiller PE Ratio falls into.


FRA:WSX
90GF Score
Warsaw Stock Exchange FRA:WSX
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Warsaw Stock Exchange 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, Warsaw Stock Exchange'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)
=0.387/158.3232*158.3232
=0.387

Current CPI (Mar. 2026) = 158.3232.

Warsaw Stock Exchange Quarterly Data

per share eps CPI Adj_EPS
201606 0.184 99.552 0.293
201609 0.219 99.064 0.350
201612 0.282 100.366 0.445
201703 0.147 101.018 0.230
201706 0.240 101.180 0.376
201709 0.261 101.343 0.408
201712 0.361 102.564 0.557
201803 0.165 102.564 0.255
201806 0.438 103.378 0.671
201809 0.210 103.378 0.322
201812 0.318 103.785 0.485
201903 0.135 104.274 0.205
201906 0.235 105.983 0.351
201909 0.228 105.983 0.341
201912 0.096 107.123 0.142
202003 0.163 109.076 0.237
202006 0.242 109.402 0.350
202009 0.177 109.320 0.256
202012 0.407 109.565 0.588
202103 0.217 112.658 0.305
202106 0.252 113.960 0.350
202109 0.200 115.588 0.274
202112 0.354 119.088 0.471
202203 0.212 125.031 0.268
202206 0.212 131.705 0.255
202209 0.172 135.531 0.201
202212 0.323 139.113 0.368
202303 0.147 145.950 0.159
202306 0.249 147.009 0.268
202309 0.221 146.113 0.239
202312 0.249 147.741 0.267
202403 0.219 149.044 0.233
202406 0.198 150.997 0.208
202409 0.210 153.439 0.217
202412 0.198 154.660 0.203
202503 0.280 157.021 0.282
202506 0.319 157.509 0.321
202509 0.273 157.998 0.274
202512 0.210 158.323 0.210
202603 0.387 158.323 0.387

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 €1.21 mean?
Warsaw Stock Exchange (FRA:WSX) has a E10 of €1.21 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Warsaw Stock Exchange and its competitors.
Is Warsaw Stock Exchange's E10 too high?
Warsaw Stock Exchange's current E10 is €1.21. Overall, Warsaw Stock Exchange has a GF Score™ of 90/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Warsaw Stock Exchange's E10 compare to SPGI and CME?
Warsaw Stock Exchange's E10 of €1.21 can be compared against companies in the Capital Markets 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 Capital Markets company?
A good E10 depends on the Capital Markets 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 Warsaw Stock Exchange and its competitors. Warsaw Stock Exchange's current E10 is €1.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Warsaw Stock Exchange stock overvalued right now?
Based on GuruFocus' analysis, Warsaw Stock Exchange (FRA:WSX) is currently considered Significantly Overvalued. The stock's GF Value™ is €13.26, compared to a current price of €20.02 — trading 51% above its estimated fair value. The current E10 is €1.21. Warsaw Stock Exchange's overall GF Score™ is 90/100 with 8 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 Warsaw Stock Exchange (FRA:WSX), the current E10 is €1.21 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 Warsaw Stock Exchange (FRA:WSX) Overvalued in 2026?

Based on GuruFocus' analysis, Warsaw Stock Exchange stock appears to be overvalued. The current stock price of €20.02 is trading 51% above its estimated GF Value™ of €13.26. GuruFocus considers Warsaw Stock Exchange to be Significantly Overvalued.

Key valuation signals for FRA:WSX:

  • E10: €1.21
  • GF Value™: €13.26 vs. price of €20.02 (51% above fair value)
  • GF Score™: 90/100 with 8 warning signs

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


Warsaw Stock Exchange Business Description

Other Exchanges GPW:PolandWSX:Germany
Address ul. Ksiazeca 4, Warsaw, POL, 00-498
Warsaw Stock Exchange is a securities exchange based in Poland whose core activities include organizing exchange trading in financial instruments and activities related to such trading. The group also pursues activities in education, promotion, and information concerning the capital market. The company has traditionally generated listed interest from both local and regional European companies but primarily from small and medium-sized Polish companies. In addition to stock and bond offerings, the exchange also offers trading in debt instruments, derivatives, commodities, and structured products. Sales revenue is classified according to three main business segments: financial market, commodity market, and other.
90GF Score

Get the complete analysis for FRA:WSX

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

€20.02
Price
€13.26
GF Value