Gevo (FRA:ZGV3) E10: €-33.82 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

FRA:ZGV3 Gevo Inc FRA:ZGV3
69 GF Score
Price €1.31
GF Value €7.43
Valuation Possible Value Trap
! 4 Warning Signs
View Full Analysis

What is Gevo E10?

Gevo FRA:ZGV3 +5.22% 69 E10 is €-33.82 as of Mar. 2026. GuruFocus rates FRA:ZGV3 with a GF Score™ of 69/100 and a GF Value™ of €7.43 (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.

Gevo's adjusted earnings per share data for the three months ended in Mar. 2026 was €-0.078. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €-33.82 for the trailing ten years ended in Mar. 2026.

During the past 3 years, the average E10 Growth Rate was 70.40% per year. During the past 5 years, the average E10 Growth Rate was 60.30% 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 Gevo was 70.40% per year. The lowest was 23.50% per year. And the median was 48.30% per year.

As of today (2026-08-03), Gevo's current stock price is €1.31. Gevo's E10 for the quarter that ended in Mar. 2026 was €-33.82. Gevo's Shiller PE Ratio of today is .


Gevo  (FRA:ZGV3) 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.


Gevo E10 Related Terms


Gevo E10 Historical Data

* Premium members only.

The historical data trend for Gevo'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.

Gevo E10 Chart

Gevo 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 -2,810.87 -1,567.51 -567.03 -198.53 -36.50

Gevo 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 -137.31 -73.38 -58.02 -36.50 -33.82

FRA:ZGV3 vs OEC, ALTO, MATV: E10 Comparison

For the Specialty Chemicals subindustry, Gevo'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.


Gevo Shiller PE Ratio vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Gevo's Shiller PE Ratio distribution charts can be found below:

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


FRA:ZGV3
69GF Score
Gevo Inc FRA:ZGV3
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Gevo 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, Gevo'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)
=-0.078/330.2130*330.2130
=-0.078

Current CPI (Mar. 2026) = 330.2130.

Gevo Quarterly Data

per share eps CPI Adj_EPS
201606 -155.750 241.018 -213.389
201609 -36.353 241.428 -49.722
201612 -6.257 241.432 -8.558
201703 -9.537 243.801 -12.917
201706 -11.766 244.955 -15.861
201709 -4.220 246.819 -5.646
201712 -3.380 246.524 -4.527
201803 -1.800 249.554 -2.382
201806 -6.155 251.989 -8.066
201809 -0.728 252.439 -0.952
201812 -0.730 251.233 -0.959
201903 -0.531 254.202 -0.690
201906 -0.531 256.143 -0.685
201909 -0.599 256.759 -0.770
201912 -0.450 256.974 -0.578
202003 -0.579 258.115 -0.741
202006 -0.355 257.797 -0.455
202009 -0.076 260.280 -0.096
202012 -0.123 260.474 -0.156
202103 -0.042 264.877 -0.052
202106 -0.075 271.696 -0.091
202109 -0.060 274.310 -0.072
202112 -0.071 278.802 -0.084
202203 -0.073 287.504 -0.084
202206 -0.057 296.311 -0.064
202209 -0.192 296.808 -0.214
202212 -0.104 296.797 -0.116
202303 -0.065 301.836 -0.071
202306 -0.055 305.109 -0.060
202309 -0.066 307.789 -0.071
202312 -0.073 306.746 -0.079
202403 -0.074 312.332 -0.078
202406 -0.084 314.175 -0.088
202409 -0.081 315.301 -0.085
202412 -0.086 315.605 -0.090
202503 -0.083 319.799 -0.086
202506 0.009 322.561 0.009
202509 -0.026 324.800 -0.026
202512 -0.017 324.054 -0.017
202603 -0.078 330.213 -0.078

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 €-33.82 mean?
Gevo (FRA:ZGV3) has a E10 of €-33.82 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Gevo and its competitors.
Is Gevo's E10 too high?
Gevo's current E10 is €-33.82. Overall, Gevo has a GF Score™ of 69/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Gevo's E10 compare to OEC and ALTO?
Gevo's E10 of €-33.82 can be compared against companies in the Chemicals 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 Chemicals company?
A good E10 depends on the Chemicals 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 Gevo and its competitors. Gevo's current E10 is €-33.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gevo stock overvalued right now?
Based on GuruFocus' analysis, Gevo (FRA:ZGV3) is currently considered Possible Value Trap. The stock's GF Value™ is €7.43, compared to a current price of €1.31 — trading 82.4% below its estimated fair value. The current E10 is €-33.82. Gevo's overall GF Score™ is 69/100 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 Gevo (FRA:ZGV3), the current E10 is €-33.82 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 Gevo (FRA:ZGV3) Overvalued in 2026?

Based on GuruFocus' analysis, Gevo stock appears to be undervalued. The current stock price of €1.31 is trading 82.4% below its estimated GF Value™ of €7.43. GuruFocus considers Gevo to be Possible Value Trap.

Key valuation signals for FRA:ZGV3:

  • E10: €-33.82
  • GF Value™: €7.43 vs. price of €1.31 (82.4% below fair value)
  • GF Score™: 69/100 with 4 warning signs

No single metric tells the full story. See the FRA:ZGV3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Gevo Business Description

Address 345 Inverness Drive South, Building C, Suite 310, Englewood, CO, USA, 80112
Gevo Inc is a growth-oriented company that focuses on hard to decarbonize market sectors such as jet fuel, certain specialty fuels, on-road fuels, chemicals and materials, and certain products for the food chain such as protein and feeds made as co-products from its processes. It produces and sells competitively priced, renewable, drop-in products for these sectors, and generate carbon abatement value through its plant design and business systems. It owns and operates an ethanol plant with an adjacent CCS facility, Class VI carbon-storage well, and others. The group is currently developing the world's first large-scale ATJ facility to be co-located at the North Dakota site.
69GF Score

Get the complete analysis for FRA:ZGV3

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

€1.31
Price
€7.43
GF Value