Borussia Dortmund GmbH KGaA (HAM:BVB) E10: €0.02 (As of Mar. 2026)


HAM:BVB Borussia Dortmund GmbH & Co KGaA HAM:BVB
65 GF Score
Price €2.99
GF Value €3.50
Valuation Modestly Undervalued
! 5 Warning Signs
View Full Analysis

What is Borussia Dortmund GmbH KGaA E10?

Borussia Dortmund GmbH KGaA HAM:BVB -1.16% 65 E10 is €0.02 as of Mar. 2026. GuruFocus rates HAM:BVB with a GF Score™ of 65/100 and a GF Value™ of €3.50 (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.

Borussia Dortmund GmbH KGaA's adjusted earnings per share data for the three months ended in Mar. 2026 was €-0.120. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €0.02 for the trailing ten years ended in Mar. 2026.

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 Borussia Dortmund GmbH KGaA was -18.60% per year. The lowest was -35.40% per year. And the median was -27.00% per year.

As of today (2026-06-24), Borussia Dortmund GmbH KGaA's current stock price is €2.985. Borussia Dortmund GmbH KGaA's E10 for the quarter that ended in Mar. 2026 was €0.02. Borussia Dortmund GmbH KGaA's Shiller PE Ratio of today is 149.25.

During the past 13 years, the highest Shiller PE Ratio of Borussia Dortmund GmbH KGaA was 414.50. The lowest was 17.87. And the median was 34.31.


Borussia Dortmund GmbH KGaA  (HAM:BVB) 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.

Borussia Dortmund GmbH KGaA's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=2.985/0.02
=149.25

* 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 Borussia Dortmund GmbH KGaA was 414.50. The lowest was 17.87. And the median was 34.31.


Be Aware

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


Borussia Dortmund GmbH KGaA E10 Related Terms


Borussia Dortmund GmbH KGaA E10 Historical Data

* Premium members only.

The historical data trend for Borussia Dortmund GmbH KGaA'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.

Borussia Dortmund GmbH KGaA E10 Chart

Borussia Dortmund GmbH KGaA Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.14 0.07 -0.02 0.00 0.00

Borussia Dortmund GmbH KGaA 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 0.02 0.00 0.03 0.02 0.02

HAM:BVB vs NFLX, DIS, WBD: E10 Comparison

For the Entertainment subindustry, Borussia Dortmund GmbH KGaA'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.


Borussia Dortmund GmbH KGaA Shiller PE Ratio vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Borussia Dortmund GmbH KGaA's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Borussia Dortmund GmbH KGaA's Shiller PE Ratio falls into.


HAM:BVB
65GF Score
Borussia Dortmund GmbH & Co KGaA HAM:BVB
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Borussia Dortmund GmbH KGaA 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, Borussia Dortmund GmbH KGaA'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)
=-0.12/131.2583*131.2583
=-0.120

Current CPI (Mar. 2026) = 131.2583.

Borussia Dortmund GmbH KGaA Quarterly Data

per share eps CPI Adj_EPS
201606 0.458 100.717 0.597
201609 0.215 101.017 0.279
201612 -0.049 101.217 -0.064
201703 -0.146 101.417 -0.189
201706 0.072 102.117 0.093
201709 0.556 102.717 0.710
201712 -0.137 102.617 -0.175
201803 0.234 102.917 0.298
201806 -0.322 104.017 -0.406
201809 0.049 104.718 0.061
201812 0.137 104.217 0.173
201903 0.312 104.217 0.393
201906 -0.312 105.718 -0.387
201909 0.000 106.018 0.000
201912 0.029 105.818 0.036
202003 0.010 105.718 0.012
202006 -0.507 106.618 -0.624
202009 -0.390 105.818 -0.484
202012 0.100 105.518 0.124
202103 -0.200 107.518 -0.244
202106 -0.300 108.486 -0.363
202109 0.350 109.435 0.420
202112 0.050 110.384 0.059
202203 -0.240 113.968 -0.276
202206 -0.400 115.760 -0.454
202209 0.350 118.818 0.387
202212 0.020 119.345 0.022
202303 -0.140 122.402 -0.150
202306 -0.150 123.140 -0.160
202309 0.470 124.195 0.497
202312 0.170 123.773 0.180
202403 -0.200 125.038 -0.210
202406 -0.040 125.882 -0.042
202409 0.010 126.198 0.010
202412 0.060 127.041 0.062
202503 0.050 127.779 0.051
202506 -0.060 128.412 -0.061
202509 0.210 129.255 0.213
202512 -0.040 129.361 -0.041
202603 -0.120 131.258 -0.120

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 €0.02 mean?
Borussia Dortmund GmbH KGaA (HAM:BVB) has a E10 of €0.02 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Borussia Dortmund GmbH KGaA and its competitors.
Is Borussia Dortmund GmbH KGaA's E10 too high?
Borussia Dortmund GmbH KGaA's current E10 is €0.02. Overall, Borussia Dortmund GmbH KGaA has a GF Score™ of 65/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Borussia Dortmund GmbH KGaA's E10 compare to NFLX and DIS?
Borussia Dortmund GmbH KGaA's E10 of €0.02 can be compared against companies in the Media - Diversified 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 Media - Diversified company?
A good E10 depends on the Media - Diversified 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 Borussia Dortmund GmbH KGaA and its competitors. Borussia Dortmund GmbH KGaA's current E10 is €0.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Borussia Dortmund GmbH KGaA stock overvalued right now?
Based on GuruFocus' analysis, Borussia Dortmund GmbH KGaA (HAM:BVB) is currently considered Modestly Undervalued. The stock's GF Value™ is €3.50, compared to a current price of €2.99 — trading 14.7% below its estimated fair value. The current E10 is €0.02. Borussia Dortmund GmbH KGaA's overall GF Score™ is 65/100 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 Borussia Dortmund GmbH KGaA (HAM:BVB), the current E10 is €0.02 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 Borussia Dortmund GmbH KGaA (HAM:BVB) Overvalued in 2026?

Based on GuruFocus' analysis, Borussia Dortmund GmbH KGaA stock appears to be undervalued. The current stock price of €2.99 is trading 14.7% below its estimated GF Value™ of €3.50. GuruFocus considers Borussia Dortmund GmbH KGaA to be Modestly Undervalued.

Key valuation signals for HAM:BVB:

  • E10: €0.02
  • GF Value™: €3.50 vs. price of €2.99 (14.7% below fair value)
  • GF Score™: 65/100 with 5 warning signs

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


Borussia Dortmund GmbH KGaA Business Description

Address Rheinlanddamm 207-209, Dortmund, NW, DEU, 44137
Borussia Dortmund GmbH & Co KGaA operates a football club. The company conducts its business through the following segments: Borussia Dortmund GmbH & Co. KGaA operates a football club that includes a professional football squad and leverages revenue potential from player transfers, catering, TV marketing, sponsorship, and ticketing. The BVB Merchandising segment consists of a separate merchandising business. The BVB Event and Catering GmbH segment conducts tours, provides and arranges event staffing services, plans and organizes, caters, and manages events of all types. The Besttravel Dortmund GmbH segment arranges travel by air, rail, and ship. The company earns the majority of its revenues from the Borussia Dortmund GmbH & Co. KGaA segment.
65GF Score

Get the complete analysis for HAM:BVB

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

€2.99
Price
€3.50
GF Value