Alibaba Group Holding (HAM:AHLA) E10: €4.85 (As of Mar. 2026)


HAM:AHLA Alibaba Group Holding Ltd HAM:AHLA
82 GF Score
Price €83.10
GF Value €103.49
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Alibaba Group Holding E10?

Alibaba Group Holding HAM:AHLA 82 E10 is €4.85 as of Mar. 2026. GuruFocus rates HAM:AHLA with a GF Score™ of 82/100 and a GF Value™ of €103.49 (Modestly Undervalued). The stock has 5 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.

Alibaba Group Holding's adjusted earnings per share data for the three months ended in Mar. 2026 was €1.305. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €4.85 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Alibaba Group Holding's average E10 Growth Rate was 3.30% per year. During the past 3 years, the average E10 Growth Rate was 7.60% per year. During the past 5 years, the average E10 Growth Rate was 5.10% 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 Alibaba Group Holding was 7.60% per year. The lowest was 2.10% per year. And the median was 6.70% per year.

As of today (2026-06-30), Alibaba Group Holding's current stock price is €83.10. Alibaba Group Holding's E10 for the quarter that ended in Mar. 2026 was €4.85. Alibaba Group Holding's Shiller PE Ratio of today is 17.13.

During the past 13 years, the highest Shiller PE Ratio of Alibaba Group Holding was 74.14. The lowest was 14.12. And the median was 21.74.


Alibaba Group Holding  (HAM:AHLA) 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.

Alibaba Group Holding's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=83.10/4.85
=17.13

* 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 Alibaba Group Holding was 74.14. The lowest was 14.12. And the median was 21.74.


Be Aware

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


Alibaba Group Holding E10 Related Terms


Alibaba Group Holding E10 Historical Data

* Premium members only.

The historical data trend for Alibaba Group Holding'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.

Alibaba Group Holding E10 Chart

Alibaba Group Holding Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.16 4.19 4.49 5.06 4.85

Alibaba Group Holding 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 5.06 4.68 4.71 4.80 4.85

HAM:AHLA vs PDD, MELI, DASH: E10 Comparison

For the Internet Retail subindustry, Alibaba Group Holding'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.


Alibaba Group Holding Shiller PE Ratio vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Alibaba Group Holding's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Alibaba Group Holding's Shiller PE Ratio falls into.


HAM:AHLA
82GF Score
Alibaba Group Holding Ltd HAM:AHLA
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Alibaba Group Holding 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, Alibaba Group Holding'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)
=1.305/121.4731*121.4731
=1.305

Current CPI (Mar. 2026) = 121.4731.

Alibaba Group Holding Quarterly Data

per share eps CPI Adj_EPS
201606 0.397 101.686 0.474
201609 0.397 102.565 0.470
201612 0.951 103.225 1.119
201703 0.559 103.335 0.657
201706 0.739 103.664 0.866
201709 0.866 103.994 1.012
201712 1.179 104.984 1.364
201803 0.370 105.973 0.424
201806 0.437 106.193 0.500
201809 0.950 106.852 1.080
201812 1.614 107.622 1.822
201903 1.297 108.172 1.456
201906 1.037 109.601 1.149
201909 3.513 110.260 3.870
201912 2.505 110.700 2.749
202003 0.144 110.920 0.158
202006 2.177 110.590 2.391
202009 1.306 107.512 1.476
202012 3.630 109.711 4.019
202103 -0.258 111.579 -0.281
202106 2.119 111.360 2.311
202109 0.263 109.051 0.293
202112 1.412 112.349 1.527
202203 -0.870 113.558 -0.931
202206 1.198 113.448 1.283
202209 -1.117 113.778 -1.193
202212 2.426 114.548 2.573
202303 1.214 115.427 1.278
202306 1.712 115.647 1.798
202309 1.387 116.087 1.451
202312 0.729 117.296 0.755
202403 0.164 117.735 0.169
202406 1.270 117.296 1.315
202409 2.312 118.615 2.368
202412 2.676 118.945 2.733
202503 0.664 119.384 0.676
202506 2.173 119.055 2.217
202509 1.043 119.934 1.056
202512 0.718 120.704 0.723
202603 1.305 121.473 1.305

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 €4.85 mean?
Alibaba Group Holding (HAM:AHLA) has a E10 of €4.85 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Alibaba Group Holding and its competitors.
Is Alibaba Group Holding's E10 too high?
Alibaba Group Holding's current E10 is €4.85. Overall, Alibaba Group Holding has a GF Score™ of 82/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Alibaba Group Holding's E10 compare to PDD and MELI?
Alibaba Group Holding's E10 of €4.85 can be compared against companies in the Retail - Cyclical 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 Retail - Cyclical company?
A good E10 depends on the Retail - Cyclical 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 Alibaba Group Holding and its competitors. Alibaba Group Holding's current E10 is €4.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Alibaba Group Holding stock overvalued right now?
Based on GuruFocus' analysis, Alibaba Group Holding (HAM:AHLA) is currently considered Modestly Undervalued. The stock's GF Value™ is €103.49, compared to a current price of €83.10 — trading 19.7% below its estimated fair value. The current E10 is €4.85. Alibaba Group Holding's overall GF Score™ is 82/100 with 5 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 Alibaba Group Holding (HAM:AHLA), the current E10 is €4.85 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 Alibaba Group Holding (HAM:AHLA) Overvalued in 2026?

Based on GuruFocus' analysis, Alibaba Group Holding stock appears to be undervalued. The current stock price of €83.10 is trading 19.7% below its estimated GF Value™ of €103.49. GuruFocus considers Alibaba Group Holding to be Modestly Undervalued.

Key valuation signals for HAM:AHLA:

  • E10: €4.85
  • GF Value™: €103.49 vs. price of €83.10 (19.7% below fair value)
  • GF Score™: 82/100 with 5 warning signs

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


Alibaba Group Holding Business Description

Address 1 Matheson Street, Causeway Bay, 26th Floor, Tower One, Times Square, Hong Kong, HKG
Alibaba is the world's largest online and mobile commerce company as measured by gross merchandise volume. It operates China's online marketplaces, including Taobao (consumer-to-consumer) and Tmall (business-to-consumer). The China retail e-commerce platform is the most valuable cash flow-generating business at Alibaba. Additional revenue sources include China wholesale e-commerce, international retail and wholesale e-commerce, local consumer services, travel services, cloud computing, digital media and entertainment, Cainiao logistics services, and other businesses.
82GF Score

Get the complete analysis for HAM:AHLA

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

€83.10
Price
€103.49
GF Value