Conagra Brands (HAM:CAO) E10: €1.54 (As of Feb. 2026)


HAM:CAO Conagra Brands Inc HAM:CAO
60 GF Score
Price €11.46
GF Value €20.60
Valuation Possible Value Trap
! 3 Warning Signs
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What is Conagra Brands E10?

Conagra Brands HAM:CAO -6.68% 60 E10 is €1.54 as of Feb. 2026. GuruFocus rates HAM:CAO with a GF Score™ of 60/100 and a GF Value™ of €20.60 (Possible Value Trap). The stock has 3 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.

Conagra Brands's adjusted earnings per share data for the three months ended in Feb. 2026 was €0.355. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €1.54 for the trailing ten years ended in Feb. 2026.

During the past 12 months, Conagra Brands's average E10 Growth Rate was 13.30% per year. During the past 3 years, the average E10 Growth Rate was 7.70% per year. During the past 5 years, the average E10 Growth Rate was 7.20% per year. During the past 10 years, the average E10 Growth Rate was 1.50% 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 Conagra Brands was 7.90% per year. The lowest was -12.50% per year. And the median was 4.60% per year.

As of today (2026-07-02), Conagra Brands's current stock price is €11.455. Conagra Brands's E10 for the quarter that ended in Feb. 2026 was €1.54. Conagra Brands's Shiller PE Ratio of today is 7.44.

During the past 13 years, the highest Shiller PE Ratio of Conagra Brands was 35.66. The lowest was 6.96. And the median was 27.71.


Conagra Brands  (HAM:CAO) 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.

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

Shiller PE Ratio=Share Price/E10
=11.455/1.54
=7.44

* 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 Conagra Brands was 35.66. The lowest was 6.96. And the median was 27.71.


Be Aware

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


Conagra Brands E10 Related Terms


Conagra Brands E10 Historical Data

* Premium members only.

The historical data trend for Conagra Brands'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.

Conagra Brands E10 Chart

Conagra Brands Annual Data
Trend May16 May17 May18 May19 May20 May21 May22 May23 May24 May25
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

Conagra Brands Quarterly Data
May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26
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 0.00 0.00 0.00 1.63 1.54

HAM:CAO vs CPB, PPC, LW: E10 Comparison

For the Packaged Foods subindustry, Conagra Brands'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.


Conagra Brands Shiller PE Ratio vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Conagra Brands's Shiller PE Ratio distribution charts can be found below:

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


HAM:CAO
60GF Score
Conagra Brands Inc HAM:CAO
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
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Conagra Brands 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, Conagra Brands's adjusted earnings per share data for the three months ended in Feb. 2026 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Feb. 2026 (Change)*Current CPI (Feb. 2026)
=0.355/326.7850*326.7850
=0.355

Current CPI (Feb. 2026) = 326.7850.

Conagra Brands Quarterly Data

per share eps CPI Adj_EPS
201605 0.239 240.229 0.325
201608 0.375 240.849 0.509
201611 0.260 241.353 0.352
201702 0.385 243.603 0.516
201705 0.326 244.733 0.435
201708 0.305 245.519 0.406
201711 0.460 246.669 0.609
201802 0.729 248.991 0.957
201805 0.152 251.588 0.197
201808 0.390 252.146 0.505
201811 0.273 252.038 0.354
201902 0.440 252.776 0.569
201905 0.232 256.092 0.296
201908 0.324 256.558 0.413
201911 0.480 257.208 0.610
202002 0.385 258.678 0.486
202005 0.376 256.394 0.479
202008 0.566 259.918 0.712
202011 0.651 260.229 0.817
202102 0.480 263.014 0.596
202105 0.527 269.195 0.640
202108 0.417 273.567 0.498
202111 0.499 277.948 0.587
202202 0.396 283.716 0.456
202205 0.312 292.296 0.349
202208 -0.158 296.171 -0.174
202211 0.775 297.711 0.851
202302 0.663 300.840 0.720
202305 0.074 304.127 0.080
202308 0.614 307.026 0.654
202311 0.554 307.051 0.590
202402 0.593 310.326 0.624
202405 -1.091 314.069 -1.135
202408 0.880 314.796 0.914
202411 0.556 315.493 0.576
202502 0.288 319.082 0.295
202505 0.470 321.465 0.478
202508 0.292 323.976 0.295
202511 -1.202 324.122 -1.212
202602 0.355 326.785 0.355

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 €1.54 mean?
Conagra Brands (HAM:CAO) has a E10 of €1.54 as of Feb. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Conagra Brands and its competitors.
Is Conagra Brands' E10 too high?
Conagra Brands' current E10 is €1.54. Overall, Conagra Brands has a GF Score™ of 60/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Conagra Brands' E10 compare to CPB and PPC?
Conagra Brands' E10 of €1.54 can be compared against companies in the Consumer Packaged Goods 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 Consumer Packaged Goods company?
A good E10 depends on the Consumer Packaged Goods 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 Conagra Brands and its competitors. Conagra Brands's current E10 is €1.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Conagra Brands stock overvalued right now?
Based on GuruFocus' analysis, Conagra Brands (HAM:CAO) is currently considered Possible Value Trap. The stock's GF Value™ is €20.60, compared to a current price of €11.46 — trading 44.4% below its estimated fair value. The current E10 is €1.54. Conagra Brands' overall GF Score™ is 60/100 with 3 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 Conagra Brands (HAM:CAO), the current E10 is €1.54 as of Feb. 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 Conagra Brands (HAM:CAO) Overvalued in 2026?

Based on GuruFocus' analysis, Conagra Brands stock appears to be undervalued. The current stock price of €11.46 is trading 44.4% below its estimated GF Value™ of €20.60. GuruFocus considers Conagra Brands to be Possible Value Trap.

Key valuation signals for HAM:CAO:

  • E10: €1.54
  • GF Value™: €20.60 vs. price of €11.46 (44.4% below fair value)
  • GF Score™: 60/100 with 3 warning signs

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


Conagra Brands Business Description

Address 222 W. Merchandise Mart Plaza, Suite 1300, Chicago, IL, USA, 60654
Conagra Brands is a packaged food company that operates predominantly in the United States (91% of fiscal 2025 revenue). Most of its revenue comes from frozen food, including brands like Marie Callender's, Healthy Choice, Banquet, and Birds Eye. Conagra also sells snacks, shelf-stable staples, and refrigerated food through brands like Duncan Hines, Hunt's, Slim Jim, Vlasic, Orville Redenbacher's, Reddi-wip, and Wish-Bone. The company primarily sells through the US retail channel, with just 9% of fiscal 2025 revenue coming from international markets and 9% from foodservice.
60GF Score

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

€11.46
Price
€20.60
GF Value