The Navigator Co (HAM:PO9) E10: €0.34 (As of Mar. 2026)


HAM:PO9 The Navigator Co SA HAM:PO9
84 GF Score
Price €3.30
GF Value €3.17
! 6 Warning Signs
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What is The Navigator Co E10?

The Navigator Co HAM:PO9 -1.20% 84 E10 is €0.34 as of Mar. 2026. GuruFocus rates HAM:PO9 with a GF Score™ of 84/100 and a GF Value™ of €3.17. The stock has 6 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.

The Navigator Co's adjusted earnings per share data for the three months ended in Mar. 2026 was €0.024. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €0.34 for the trailing ten years ended in Mar. 2026.

During the past 12 months, The Navigator Co's average E10 Growth Rate was -2.90% per year. During the past 3 years, the average E10 Growth Rate was 3.00% per year. During the past 5 years, the average E10 Growth Rate was 4.30% 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 The Navigator Co was 7.70% per year. The lowest was -4.40% per year. And the median was 2.05% per year.

As of today (2026-06-28), The Navigator Co's current stock price is €3.296. The Navigator Co's E10 for the quarter that ended in Mar. 2026 was €0.34. The Navigator Co's Shiller PE Ratio of today is 9.69.

During the past 13 years, the highest Shiller PE Ratio of The Navigator Co was 19.03. The lowest was 6.30. And the median was 10.76.


The Navigator Co  (HAM:PO9) 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.

The Navigator Co's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=3.296/0.34
=9.69

* 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 The Navigator Co was 19.03. The lowest was 6.30. And the median was 10.76.


Be Aware

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


The Navigator Co E10 Related Terms


The Navigator Co E10 Historical Data

* Premium members only.

The historical data trend for The Navigator 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.

The Navigator Co E10 Chart

The Navigator 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 0.35

The Navigator 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 0.00 0.35 0.34

HAM:PO9 vs SLVM: E10 Comparison

For the Paper & Paper Products subindustry, The Navigator 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.


The Navigator Co Shiller PE Ratio vs Forest Products Industry

For the Forest Products industry and Basic Materials sector, The Navigator Co's Shiller PE Ratio distribution charts can be found below:

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


HAM:PO9
84GF Score
The Navigator Co SA HAM:PO9
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
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The Navigator 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, The Navigator 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)
=0.024/124.2424*124.2424
=0.024

Current CPI (Mar. 2026) = 124.2424.

The Navigator Co Quarterly Data

per share eps CPI Adj_EPS
201606 0.057 101.319 0.070
201609 0.068 101.122 0.084
201612 0.117 100.998 0.144
201703 0.050 101.924 0.061
201706 0.084 102.240 0.102
201709 0.069 102.527 0.084
201712 0.087 102.479 0.105
201803 0.074 102.626 0.090
201806 0.092 103.790 0.110
201809 0.073 103.960 0.087
201812 0.074 103.159 0.089
201903 0.069 103.495 0.083
201906 0.064 104.192 0.076
201909 0.074 103.844 0.089
201912 0.029 103.592 0.035
202003 0.043 103.544 0.052
202006 0.019 104.323 0.023
202009 0.044 103.699 0.053
202012 0.048 103.354 0.058
202103 0.033 104.014 0.039
202106 0.058 104.852 0.069
202109 0.070 105.232 0.083
202112 0.080 106.191 0.094
202203 0.071 109.559 0.081
202206 0.157 114.003 0.171
202209 0.152 114.999 0.164
202212 0.172 116.377 0.184
202303 0.101 117.701 0.107
202306 0.092 117.872 0.097
202309 0.089 119.111 0.093
202312 0.105 118.032 0.111
202403 0.090 120.396 0.093
202406 0.133 121.165 0.136
202409 0.116 121.574 0.119
202412 0.064 121.585 0.065
202503 0.068 122.624 0.069
202506 0.052 124.042 0.052
202509 0.046 124.488 0.046
202512 0.037 124.242 0.037
202603 0.024 124.242 0.024

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 €0.34 mean?
The Navigator Co (HAM:PO9) has a E10 of €0.34 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on The Navigator Co and its competitors.
Is The Navigator Co's E10 too high?
The Navigator Co's current E10 is €0.34. Overall, The Navigator Co has a GF Score™ of 84/100, reflecting its overall financial health beyond just this single metric.
How does The Navigator Co's E10 compare to SLVM?
The Navigator Co's E10 of €0.34 can be compared against companies in the Forest Products 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 Forest Products company?
A good E10 depends on the Forest Products 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 The Navigator Co and its competitors. The Navigator Co's current E10 is €0.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The Navigator Co stock overvalued right now?
The Navigator Co (HAM:PO9) has a current E10 of €0.34. The stock's GF Value™ is €3.17, compared to a current price of €3.30 — trading 4% above its estimated fair value. The current E10 is €0.34. The Navigator Co's overall GF Score™ is 84/100 with 6 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 The Navigator Co (HAM:PO9), the current E10 is €0.34 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 The Navigator Co (HAM:PO9) Overvalued in 2026?

Based on GuruFocus' analysis, The Navigator Co stock appears to be overvalued. The current stock price of €3.30 is trading 4% above its estimated GF Value™ of €3.17.

Key valuation signals for HAM:PO9:

  • E10: €0.34
  • GF Value™: €3.17 vs. price of €3.30 (4% above fair value)
  • GF Score™: 84/100 with 6 warning signs

No single metric tells the full story. See the HAM:PO9 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


The Navigator Co Business Description

Address Mitrena - Apartado 55, Setubal, PRT, 2901-861
The Navigator Co SA produces and sells pulp, paper, and energy. The company segments is based on product type. The market pulp segment, which sells pulp paper to international paper producers. The UWF segment, which sells paper through retail stores (B2C) and commercial distribution (B2B). Tissue segment, which sells tissue paper for private label to national and international retail chains. The Biomass renewable energy segment includes the cogeneration units and the two independent thermoelectric power plants and Support. The majority of revenue comes from Rest of Europe.
84GF Score

Get the complete analysis for HAM:PO9

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

€3.30
Price
€3.17
GF Value