Basf SE (HAM:BAS) E10: €4.02 (As of Mar. 2026)


HAM:BAS Basf SE HAM:BAS
71 GF Score
Price €49.02
GF Value €42.68
Valuation Modestly Overvalued
! 5 Warning Signs
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What is Basf SE E10?

Basf SE HAM:BAS +1.13% 71 E10 is €4.02 as of Mar. 2026. GuruFocus rates HAM:BAS with a GF Score™ of 71/100 and a GF Value™ of €42.68 (Modestly Overvalued). 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.

Basf SE's adjusted earnings per share data for the three months ended in Mar. 2026 was €1.060. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €4.02 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Basf SE's average E10 Growth Rate was -6.80% per year. During the past 3 years, the average E10 Growth Rate was -8.10% per year. During the past 5 years, the average E10 Growth Rate was -6.10% per year. During the past 10 years, the average E10 Growth Rate was -1.60% 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 Basf SE was 12.30% per year. The lowest was -8.10% per year. And the median was 2.60% per year.

As of today (2026-06-25), Basf SE's current stock price is €49.015. Basf SE's E10 for the quarter that ended in Mar. 2026 was €4.02. Basf SE's Shiller PE Ratio of today is 12.19.

During the past 13 years, the highest Shiller PE Ratio of Basf SE was 19.60. The lowest was 6.71. And the median was 11.08.


Basf SE  (HAM:BAS) 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.

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

Shiller PE Ratio=Share Price/E10
=49.015/4.02
=12.19

* 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 Basf SE was 19.60. The lowest was 6.71. And the median was 11.08.


Be Aware

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


Basf SE E10 Related Terms


Basf SE E10 Historical Data

* Premium members only.

The historical data trend for Basf SE'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.

Basf SE E10 Chart

Basf SE 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 5.44 5.23 4.77 4.36 4.05

Basf SE 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 4.32 4.15 4.01 4.05 4.02

HAM:BAS vs DOW: E10 Comparison

For the Chemicals subindustry, Basf SE'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.


Basf SE Shiller PE Ratio vs Chemicals Industry

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

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


HAM:BAS
71GF Score
Basf SE HAM:BAS
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Basf SE 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, Basf SE'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)
=1.06/131.2583*131.2583
=1.060

Current CPI (Mar. 2026) = 131.2583.

Basf SE Quarterly Data

per share eps CPI Adj_EPS
201606 1.190 100.717 1.551
201609 0.970 101.017 1.260
201612 0.740 101.217 0.960
201703 1.860 101.417 2.407
201706 1.630 102.117 2.095
201709 1.450 102.717 1.853
201712 1.670 102.617 2.136
201803 1.830 102.917 2.334
201806 1.610 104.017 2.032
201809 1.310 104.718 1.642
201812 0.360 104.217 0.453
201903 1.530 104.217 1.927
201906 6.480 105.718 8.046
201909 1.000 106.018 1.238
201912 0.140 105.818 0.174
202003 0.970 105.718 1.204
202006 -0.960 106.618 -1.182
202009 -2.310 105.818 -2.865
202012 1.150 105.518 1.431
202103 1.870 107.518 2.283
202106 1.800 108.486 2.178
202109 1.360 109.435 1.631
202112 0.970 110.384 1.153
202203 1.340 113.968 1.543
202206 2.310 115.760 2.619
202209 1.010 118.818 1.116
202212 -5.370 119.345 -5.906
202303 1.750 122.402 1.877
202306 0.560 123.140 0.597
202309 -0.280 124.195 -0.296
202312 -1.780 123.773 -1.888
202403 1.530 125.038 1.606
202406 0.480 125.882 0.501
202409 0.320 126.198 0.333
202412 -0.880 127.041 -0.909
202503 0.910 127.779 0.935
202506 0.090 128.412 0.092
202509 0.190 129.255 0.193
202512 0.620 129.361 0.629
202603 1.060 131.258 1.060

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 €4.02 mean?
Basf SE (HAM:BAS) has a E10 of €4.02 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Basf SE and its competitors.
Is Basf SE's E10 too high?
Basf SE's current E10 is €4.02. Overall, Basf SE has a GF Score™ of 71/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Basf SE's E10 compare to DOW?
Basf SE's E10 of €4.02 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 Basf SE and its competitors. Basf SE's current E10 is €4.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Basf SE stock overvalued right now?
Based on GuruFocus' analysis, Basf SE (HAM:BAS) is currently considered Modestly Overvalued. The stock's GF Value™ is €42.68, compared to a current price of €49.02 — trading 14.8% above its estimated fair value. The current E10 is €4.02. Basf SE's overall GF Score™ is 71/100 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 Basf SE (HAM:BAS), the current E10 is €4.02 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 Basf SE (HAM:BAS) Overvalued in 2026?

Based on GuruFocus' analysis, Basf SE stock appears to be overvalued. The current stock price of €49.02 is trading 14.8% above its estimated GF Value™ of €42.68. GuruFocus considers Basf SE to be Modestly Overvalued.

Key valuation signals for HAM:BAS:

  • E10: €4.02
  • GF Value™: €42.68 vs. price of €49.02 (14.8% above fair value)
  • GF Score™: 71/100 with 5 warning signs

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


Basf SE Business Description

Address Carl-Bosch-Strasse 38, Ludwigshafen am Rhein, DEU, 67056
BASF is one of the world's leading chemical companies. It's headquartered in Germany near the Rhine River, which helps with logistics-related savings. Founded in 1865, it produces a vast array of chemicals, plastics, resins, and agricultural solutions. While the company serves multiple industries, it most prominently serves the automotive, agricultural, construction, and pharmaceutical industries. BASF is a first mover in the energy transition and aims to rapidly expand its recycled and bio-based product portfolio.
71GF Score

Get the complete analysis for HAM:BAS

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

€49.02
Price
€42.68
GF Value