GRFS (Grifols) E10: $0.74 (As of Mar. 2026)


GRFS Grifols SA GRFS
84 GF Score
Price $7.36
GF Value $8.79
Valuation Modestly Undervalued
! 6 Warning Signs
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What is Grifols E10?

Grifols GRFS +2.08% 84 E10 is $0.74 as of Mar. 2026. GuruFocus rates GRFS with a GF Score™ of 84/100 and a GF Value™ of $8.79 (Modestly Undervalued). The stock has 6 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.

Grifols's adjusted earnings per share data for the three months ended in Mar. 2026 was $0.124. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $0.74 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Grifols's average E10 Growth Rate was -1.20% per year. During the past 3 years, the average E10 Growth Rate was 0.40% 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 Grifols was 8.40% per year. The lowest was 0.40% per year. And the median was 6.20% per year.

As of today (2026-06-26), Grifols's current stock price is $7.355. Grifols's E10 for the quarter that ended in Mar. 2026 was $0.74. Grifols's Shiller PE Ratio of today is 9.94.

During the past 13 years, the highest Shiller PE Ratio of Grifols was 51.80. The lowest was 8.86. And the median was 14.71.


Grifols  (NAS:GRFS) 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.

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

Shiller PE Ratio=Share Price/E10
=7.355/0.74
=9.94

* 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 Grifols was 51.80. The lowest was 8.86. And the median was 14.71.


Be Aware

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


Grifols E10 Related Terms


Grifols E10 Historical Data

* Premium members only.

The historical data trend for Grifols'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.

Grifols E10 Chart

Grifols 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 0.00 0.66 0.64 0.69 0.74

Grifols Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Dec21 Jun22 Sep22 Dec22 Jun23 Sep23 Dec23 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 0.73 0.74 0.69 0.74 0.74

GRFS vs LLY, JNJ, ABBV: E10 Comparison

For the Drug Manufacturers - General subindustry, Grifols'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.


Grifols Shiller PE Ratio vs Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Grifols's Shiller PE Ratio distribution charts can be found below:

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


GRFS
84GF Score
Grifols SA GRFS
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Grifols 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, Grifols'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)
=0.124/128.4016*128.4016
=0.124

Current CPI (Mar. 2026) = 128.4016.

Grifols Quarterly Data

per share eps CPI Adj_EPS
201506 0.213 101.138 0.270
201509 0.224 99.559 0.289
201512 0.207 100.268 0.265
201603 0.200 98.638 0.260
201606 0.225 100.333 0.288
201609 0.236 99.737 0.304
201612 0.215 101.842 0.271
201703 0.210 100.896 0.267
201706 0.236 101.848 0.298
201709 0.262 101.524 0.331
201712 0.400 102.975 0.499
201803 0.259 102.122 0.326
201806 0.304 104.165 0.375
201809 0.257 103.818 0.318
201812 0.205 104.193 0.253
201903 0.192 103.488 0.238
201906 0.282 104.612 0.346
201909 0.220 103.905 0.272
201912 0.322 105.015 0.394
202003 0.301 103.469 0.374
202006 0.056 104.254 0.069
202009 0.459 103.521 0.569
202012 0.231 104.456 0.284
202103 0.226 104.857 0.277
202106 0.241 107.102 0.289
202112 0.000 111.298 0.000
202206 0.141 118.044 0.153
202209 0.065 117.221 0.071
202212 -0.005 117.650 -0.005
202306 0.065 120.278 0.069
202309 0.094 121.343 0.099
202312 0.090 121.300 0.095
202406 0.022 124.409 0.023
202409 0.084 123.121 0.088
202412 0.106 124.753 0.109
202503 0.095 125.531 0.097
202506 0.196 127.251 0.198
202509 0.219 126.842 0.222
202512 0.169 128.402 0.169
202603 0.124 128.402 0.124

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 $0.74 mean?
Grifols (GRFS) has a E10 of $0.74 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Grifols and its competitors.
Is Grifols' E10 too high?
Grifols' current E10 is $0.74. Overall, Grifols has a GF Score™ of 84/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Grifols' E10 compare to LLY and JNJ?
Grifols' E10 of $0.74 can be compared against companies in the Drug Manufacturers 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 Drug Manufacturers company?
A good E10 depends on the Drug Manufacturers 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 Grifols and its competitors. Grifols's current E10 is $0.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Grifols stock overvalued right now?
Based on GuruFocus' analysis, Grifols (GRFS) is currently considered Modestly Undervalued. The stock's GF Value™ is $8.79, compared to a current price of $7.36 — trading 16.3% below its estimated fair value. The current E10 is $0.74. Grifols' overall GF Score™ is 84/100 with 6 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 Grifols (GRFS), the current E10 is $0.74 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 Grifols (GRFS) Overvalued in 2026?

Based on GuruFocus' analysis, Grifols stock appears to be undervalued. The current stock price of $7.36 is trading 16.3% below its estimated GF Value™ of $8.79. GuruFocus considers Grifols to be Modestly Undervalued.

Key valuation signals for GRFS:

  • E10: $0.74
  • GF Value™: $8.79 vs. price of $7.36 (16.3% below fair value)
  • GF Score™: 84/100 with 6 warning signs

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


Grifols Business Description

Address Avinguda de la Generalitat, 152-158, Parc de Negocis Can Sant Joan, Sant Cugat del Valles, Barcelona, ESP, 08174
Grifols SA is a healthcare company engaged in activities related to plasma-derived products and diagnostic solutions. The group has four reportable segments: Biopharma, Diagnostic, Bio Supplies, and Others. The Biopharma segment focuses on products derived from human plasma for therapeutic use, while the Diagnostic segment includes the marketing of diagnostic testing equipment and reagents. The Bio Supplies segment covers biological products for non-therapeutic use and plasma sales to third parties, and the Others segment includes manufacturing services, research activities, and complementary pharmaceutical products.
84GF Score

Get the complete analysis for GRFS

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

$7.36
Price
$8.79
GF Value