Afyon Cimentonayii TAS (IST:AFYON) E10: ₺0.61 (As of Dec. 2025)


IST:AFYON Afyon Cimento Sanayii TAS IST:AFYON
70 GF Score
Price ₺13.06
GF Value ₺14.93
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Afyon Cimentonayii TAS E10?

Afyon Cimentonayii TAS IST:AFYON +0.38% 70 E10 is ₺0.61 as of Dec. 2025. GuruFocus rates IST:AFYON with a GF Score™ of 70/100 and a GF Value™ of ₺14.93 (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.

Afyon Cimentonayii TAS's adjusted earnings per share data for the three months ended in Dec. 2025 was ₺0.420. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₺0.61 for the trailing ten years ended in Dec. 2025.

During the past 12 months, Afyon Cimentonayii TAS's average E10 Growth Rate was 13.00% per year. During the past 3 years, the average E10 Growth Rate was 130.20% 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 Afyon Cimentonayii TAS was 130.20% per year. The lowest was 130.20% per year. And the median was 130.20% per year.

As of today (2026-07-02), Afyon Cimentonayii TAS's current stock price is ₺13.06. Afyon Cimentonayii TAS's E10 for the quarter that ended in Dec. 2025 was ₺0.61. Afyon Cimentonayii TAS's Shiller PE Ratio of today is 21.41.

During the past 13 years, the highest Shiller PE Ratio of Afyon Cimentonayii TAS was 400.00. The lowest was 20.56. And the median was 32.71.


Afyon Cimentonayii TAS  (IST:AFYON) 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.

Afyon Cimentonayii TAS's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=13.06/0.61
=21.41

* 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 Afyon Cimentonayii TAS was 400.00. The lowest was 20.56. And the median was 32.71.


Be Aware

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


Afyon Cimentonayii TAS E10 Related Terms


Afyon Cimentonayii TAS E10 Historical Data

* Premium members only.

The historical data trend for Afyon Cimentonayii TAS'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.

Afyon Cimentonayii TAS E10 Chart

Afyon Cimentonayii TAS 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 0.05 0.40 0.54 0.61

Afyon Cimentonayii TAS Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
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 0.54 0.57 0.55 0.57 0.61

IST:AFYON vs CRH, VMC, MLM: E10 Comparison

For the Building Materials subindustry, Afyon Cimentonayii TAS'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.


Afyon Cimentonayii TAS Shiller PE Ratio vs Building Materials Industry

For the Building Materials industry and Basic Materials sector, Afyon Cimentonayii TAS's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Afyon Cimentonayii TAS's Shiller PE Ratio falls into.


IST:AFYON
70GF Score
Afyon Cimento Sanayii TAS IST:AFYON
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Afyon Cimentonayii TAS 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, Afyon Cimentonayii TAS's adjusted earnings per share data for the three months ended in Dec. 2025 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=0.42/324.0540*324.0540
=0.420

Current CPI (Dec. 2025) = 324.0540.

Afyon Cimentonayii TAS Quarterly Data

per share eps CPI Adj_EPS
201603 0.015 238.132 0.020
201606 0.025 241.018 0.034
201609 0.011 241.428 0.015
201612 -0.016 241.432 -0.021
201703 -0.015 243.801 -0.020
201706 -0.007 244.955 -0.009
201709 0.116 246.819 0.152
201712 0.101 246.524 0.133
201803 -0.018 249.554 -0.023
201806 0.065 251.989 0.084
201809 -0.011 252.439 -0.014
201812 -0.025 251.233 -0.032
201903 -0.051 254.202 -0.065
201906 -0.150 256.143 -0.190
201909 -0.170 256.759 -0.215
201912 -0.053 256.974 -0.067
202003 -0.120 258.115 -0.151
202006 0.010 257.797 0.013
202009 0.020 260.280 0.025
202012 0.038 260.474 0.047
202103 0.080 264.877 0.098
202106 0.080 271.696 0.095
202109 0.040 274.310 0.047
202112 -0.010 278.802 -0.012
202203 0.040 287.504 0.045
202206 0.220 296.311 0.241
202209 0.210 296.808 0.229
202212 -0.076 296.797 -0.083
202303 -0.030 301.836 -0.032
202306 0.350 305.109 0.372
202309 -0.020 307.789 -0.021
202312 3.250 306.746 3.433
202403 0.020 312.332 0.021
202406 0.490 314.175 0.505
202409 0.090 315.301 0.092
202412 0.760 315.605 0.780
202503 0.220 319.799 0.223
202506 -0.250 322.561 -0.251
202509 0.190 324.800 0.190
202512 0.420 324.054 0.420

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 ₺0.61 mean?
Afyon Cimentonayii TAS (IST:AFYON) has a E10 of ₺0.61 as of Dec. 2025. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Afyon Cimentonayii TAS and its competitors.
Is Afyon Cimentonayii TAS's E10 too high?
Afyon Cimentonayii TAS's current E10 is ₺0.61. Overall, Afyon Cimentonayii TAS has a GF Score™ of 70/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Afyon Cimentonayii TAS's E10 compare to CRH and VMC?
Afyon Cimentonayii TAS's E10 of ₺0.61 can be compared against companies in the Building Materials 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 Building Materials company?
A good E10 depends on the Building Materials 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 Afyon Cimentonayii TAS and its competitors. Afyon Cimentonayii TAS's current E10 is ₺0.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Afyon Cimentonayii TAS stock overvalued right now?
Based on GuruFocus' analysis, Afyon Cimentonayii TAS (IST:AFYON) is currently considered Modestly Undervalued. The stock's GF Value™ is ₺14.93, compared to a current price of ₺13.06 — trading 12.5% below its estimated fair value. The current E10 is ₺0.61. Afyon Cimentonayii TAS's overall GF Score™ is 70/100 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 Afyon Cimentonayii TAS (IST:AFYON), the current E10 is ₺0.61 as of Dec. 2025. 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 Afyon Cimentonayii TAS (IST:AFYON) Overvalued in 2026?

Based on GuruFocus' analysis, Afyon Cimentonayii TAS stock appears to be undervalued. The current stock price of ₺13.06 is trading 12.5% below its estimated GF Value™ of ₺14.93. GuruFocus considers Afyon Cimentonayii TAS to be Modestly Undervalued.

Key valuation signals for IST:AFYON:

  • E10: ₺0.61
  • GF Value™: ₺14.93 vs. price of ₺13.06 (12.5% below fair value)
  • GF Score™: 70/100 with 3 warning signs

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


Afyon Cimentonayii TAS Business Description

Address K?s?kl? Caddesi, Sarkuysan Ak ?? Merkezi S Blok kat:2, Altunizade - Uskudar, Istanbul, TUR, 34734
Afyon Cimento Sanayii TAS is a Turkey-based company engaged in the production, marketing and distribution of cement, clinker and other related products. Its products include Portland and Portland Composite.
70GF Score

Get the complete analysis for IST:AFYON

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

₺13.06
Price
₺14.93
GF Value