Galp Energia SGPS (HAM:GZ5) E10: €0.81 (As of Mar. 2026)


HAM:GZ5 Galp Energia SGPS SA HAM:GZ5
80 GF Score
Price €18.25
GF Value €16.40
Valuation Modestly Overvalued
! 2 Warning Signs
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What is Galp Energia SGPS E10?

Galp Energia SGPS HAM:GZ5 +0.80% 80 E10 is €0.81 as of Mar. 2026. GuruFocus rates HAM:GZ5 with a GF Score™ of 80/100 and a GF Value™ of €16.40 (Modestly Overvalued). The stock has 2 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.

Galp Energia SGPS's adjusted earnings per share data for the three months ended in Mar. 2026 was €-0.150. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €0.81 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Galp Energia SGPS's average E10 Growth Rate was 11.00% per year. During the past 3 years, the average E10 Growth Rate was 31.60% per year. During the past 5 years, the average E10 Growth Rate was 27.80% 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 Galp Energia SGPS was 40.80% per year. The lowest was -17.70% per year. And the median was 6.30% per year.

As of today (2026-06-30), Galp Energia SGPS's current stock price is €18.25. Galp Energia SGPS's E10 for the quarter that ended in Mar. 2026 was €0.81. Galp Energia SGPS's Shiller PE Ratio of today is 22.53.

During the past 13 years, the highest Shiller PE Ratio of Galp Energia SGPS was 70.75. The lowest was 17.42. And the median was 32.64.


Galp Energia SGPS  (HAM:GZ5) 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.

Galp Energia SGPS's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=18.25/0.81
=22.53

* 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 Galp Energia SGPS was 70.75. The lowest was 17.42. And the median was 32.64.


Be Aware

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


Galp Energia SGPS E10 Related Terms


Galp Energia SGPS E10 Historical Data

* Premium members only.

The historical data trend for Galp Energia SGPS'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.

Galp Energia SGPS E10 Chart

Galp Energia SGPS 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 0.80

Galp Energia SGPS 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 0.00 0.80 0.81

HAM:GZ5 vs XOM, CVX: E10 Comparison

For the Oil & Gas Integrated subindustry, Galp Energia SGPS'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.


Galp Energia SGPS Shiller PE Ratio vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Galp Energia SGPS's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Galp Energia SGPS's Shiller PE Ratio falls into.


HAM:GZ5
80GF Score
Galp Energia SGPS SA HAM:GZ5
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Galp Energia SGPS 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, Galp Energia SGPS'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)
=-0.15/124.2424*124.2424
=-0.150

Current CPI (Mar. 2026) = 124.2424.

Galp Energia SGPS Quarterly Data

per share eps CPI Adj_EPS
201606 0.082 101.319 0.101
201609 0.113 101.122 0.139
201612 0.092 100.998 0.113
201703 0.140 101.924 0.171
201706 0.123 102.240 0.149
201709 0.202 102.527 0.245
201712 0.287 102.479 0.348
201803 0.164 102.626 0.199
201806 0.411 103.790 0.492
201809 0.290 103.960 0.347
201812 0.051 103.159 0.061
201903 -0.010 103.495 -0.012
201906 0.286 104.192 0.341
201909 0.074 103.844 0.089
201912 0.133 103.592 0.160
202003 -0.318 103.544 -0.382
202006 -0.191 104.323 -0.227
202009 -0.131 103.699 -0.157
202012 -0.041 103.354 -0.049
202103 0.199 104.014 0.238
202106 0.088 104.852 0.104
202109 -0.413 105.232 -0.488
202112 0.131 106.191 0.153
202203 -0.441 109.559 -0.500
202206 0.900 114.003 0.981
202209 0.380 114.999 0.411
202212 0.573 116.377 0.612
202303 0.441 117.701 0.466
202306 0.339 117.872 0.357
202309 0.382 119.111 0.398
202312 0.446 118.032 0.469
202403 0.490 120.396 0.506
202406 0.481 121.165 0.493
202409 0.357 121.574 0.365
202412 0.045 121.585 0.046
202503 0.480 122.624 0.486
202506 0.427 124.042 0.428
202509 0.358 124.488 0.357
202512 0.243 124.242 0.243
202603 -0.150 124.242 -0.150

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 €0.81 mean?
Galp Energia SGPS (HAM:GZ5) has a E10 of €0.81 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Galp Energia SGPS and its competitors.
Is Galp Energia SGPS's E10 too high?
Galp Energia SGPS's current E10 is €0.81. Overall, Galp Energia SGPS has a GF Score™ of 80/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Galp Energia SGPS's E10 compare to XOM and CVX?
Galp Energia SGPS's E10 of €0.81 can be compared against companies in the Oil & Gas 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 an Oil & Gas company?
A good E10 depends on the Oil & Gas 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 Galp Energia SGPS and its competitors. Galp Energia SGPS's current E10 is €0.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Galp Energia SGPS stock overvalued right now?
Based on GuruFocus' analysis, Galp Energia SGPS (HAM:GZ5) is currently considered Modestly Overvalued. The stock's GF Value™ is €16.40, compared to a current price of €18.25 — trading 11.3% above its estimated fair value. The current E10 is €0.81. Galp Energia SGPS's overall GF Score™ is 80/100 with 2 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 Galp Energia SGPS (HAM:GZ5), the current E10 is €0.81 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 Galp Energia SGPS (HAM:GZ5) Overvalued in 2026?

Based on GuruFocus' analysis, Galp Energia SGPS stock appears to be overvalued. The current stock price of €18.25 is trading 11.3% above its estimated GF Value™ of €16.40. GuruFocus considers Galp Energia SGPS to be Modestly Overvalued.

Key valuation signals for HAM:GZ5:

  • E10: €0.81
  • GF Value™: €16.40 vs. price of €18.25 (11.3% above fair value)
  • GF Score™: 80/100 with 2 warning signs

No single metric tells the full story. See the HAM:GZ5 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Galp Energia SGPS Business Description

Industry EnergyOil & Gas
Address Avenida da India, Lisboa, PRT, 1349-065
Galp Energia SGPS SA is an integrated operator with business lines spanning from exploration and production to refining and marketing of oil products. Its operating segments include Upstream, Industrial and Midstream, Commercial and Renewables, and New Businesses. The Upstream segment involves, management of all activities relating to the exploration, development, and production of hydrocarbons. The Industrial & Midstream segment operates the Sines industrial site in Portugal, which includes all current refining activities, The Commercial segment encompasses the area of retail to final B2B and B2C customers of oil, gas, electricity, and convenience. The Renewables & New Businesses segment represents Galp's presence in the renewable and new energies space.
80GF Score

Get the complete analysis for HAM:GZ5

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

€18.25
Price
€16.40
GF Value