Carvana Co (HAM:CV0) E10: €-0.46 (As of Mar. 2026)


HAM:CV0 Carvana Co HAM:CV0
73 GF Score
Price €56.45
GF Value €68.22
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Carvana Co E10?

Carvana Co HAM:CV0 +0.83% 73 E10 is €-0.46 as of Mar. 2026. GuruFocus rates HAM:CV0 with a GF Score™ of 73/100 and a GF Value™ of €68.22 (Modestly Undervalued). 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.

Carvana Co's adjusted earnings per share data for the three months ended in Mar. 2026 was €0.292. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €-0.46 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.

As of today (2026-06-26), Carvana Co's current stock price is €56.45. Carvana Co's E10 for the quarter that ended in Mar. 2026 was €-0.46. Carvana Co's Shiller PE Ratio of today is .


Carvana Co  (HAM:CV0) 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.


Be Aware

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


Carvana Co E10 Related Terms


Carvana Co E10 Historical Data

* Premium members only.

The historical data trend for Carvana Co'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.

Carvana Co E10 Chart

Carvana Co 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 0.00 0.00 0.00 -0.54

Carvana Co 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 0.00 0.00 -0.63 -0.54 -0.46

HAM:CV0 vs PAG, ALTB, LAD: E10 Comparison

For the Auto & Truck Dealerships subindustry, Carvana Co'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.


Carvana Co Shiller PE Ratio vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Carvana Co's Shiller PE Ratio distribution charts can be found below:

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


HAM:CV0
73GF Score
Carvana Co HAM:CV0
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Carvana Co 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, Carvana Co'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)
=0.292/330.2130*330.2130
=0.292

Current CPI (Mar. 2026) = 330.2130.

Carvana Co Quarterly Data

per share eps CPI Adj_EPS
201606 -0.215 241.018 -0.295
201609 -0.261 241.428 -0.357
201612 -0.451 241.432 -0.617
201703 -0.479 243.801 -0.649
201706 -0.050 244.955 -0.067
201709 -0.049 246.819 -0.066
201712 -0.076 246.524 -0.102
201803 -0.086 249.554 -0.114
201806 -0.070 251.989 -0.092
201809 -0.086 252.439 -0.112
201812 -0.130 251.233 -0.171
201903 -0.099 254.202 -0.129
201906 -0.078 256.143 -0.101
201909 -0.109 256.759 -0.140
201912 -0.148 256.974 -0.190
202003 -0.215 258.115 -0.275
202006 -0.110 257.797 -0.141
202009 -0.017 260.280 -0.022
202012 -0.143 260.474 -0.181
202103 -0.077 264.877 -0.096
202106 0.043 271.696 0.052
202109 -0.065 274.310 -0.078
202112 -0.181 278.802 -0.214
202203 -0.525 287.504 -0.603
202206 -0.445 296.311 -0.496
202209 -0.539 296.808 -0.600
202212 -1.437 296.797 -1.599
202303 -0.282 301.836 -0.309
202306 -0.102 305.109 -0.110
202309 0.675 307.789 0.724
202312 -0.205 306.746 -0.221
202403 0.042 312.332 0.044
202406 0.026 314.175 0.027
202409 0.115 315.301 0.120
202412 0.107 315.605 0.112
202503 0.279 319.799 0.288
202506 0.222 322.561 0.227
202509 0.176 324.800 0.179
202512 0.721 324.054 0.735
202603 0.292 330.213 0.292

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 €-0.46 mean?
Carvana Co (HAM:CV0) has a E10 of €-0.46 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Carvana Co and its competitors.
Is Carvana Co's E10 too high?
Carvana Co's current E10 is €-0.46. Overall, Carvana Co has a GF Score™ of 73/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Carvana Co's E10 compare to PAG and ALTB?
Carvana Co's E10 of €-0.46 can be compared against companies in the Vehicles & Parts 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 Vehicles & Parts company?
A good E10 depends on the Vehicles & Parts 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 Carvana Co and its competitors. Carvana Co's current E10 is €-0.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Carvana Co stock overvalued right now?
Based on GuruFocus' analysis, Carvana Co (HAM:CV0) is currently considered Modestly Undervalued. The stock's GF Value™ is €68.22, compared to a current price of €56.45 — trading 17.3% below its estimated fair value. The current E10 is €-0.46. Carvana Co's overall GF Score™ is 73/100 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 Carvana Co (HAM:CV0), the current E10 is €-0.46 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 Carvana Co (HAM:CV0) Overvalued in 2026?

Based on GuruFocus' analysis, Carvana Co stock appears to be undervalued. The current stock price of €56.45 is trading 17.3% below its estimated GF Value™ of €68.22. GuruFocus considers Carvana Co to be Modestly Undervalued.

Key valuation signals for HAM:CV0:

  • E10: €-0.46
  • GF Value™: €68.22 vs. price of €56.45 (17.3% below fair value)
  • GF Score™: 73/100 with 3 warning signs

No single metric tells the full story. See the HAM:CV0 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Carvana Co Business Description

Address 300 E. Rio Salado Parkway, Tempe, AZ, USA, 85281
Carvana Co is an e-commerce platform for buying and selling used cars. The company derives revenue from used vehicle sales, wholesale vehicle sales and other sales and revenues. The other sales and revenues include sales of loans originated and sold in securitization transactions or to financing partners, commissions received on VSCs and sales of GAP waiver coverage. The foundation of the business is retail vehicle unit sales. This drives the majority of the revenue and allows the company to capture additional revenue streams associated with financing, VSCs, auto insurance and GAP waiver coverage, as well as trade-in vehicles.
73GF Score

Get the complete analysis for HAM:CV0

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

€56.45
Price
€68.22
GF Value