Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS (IST:BRSAN) E10: ₺5.77 (As of Mar. 2026)

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IST:BRSAN Borusan Birlesik Boru Fabrikalari Sanayi Ve Ticaret AS IST:BRSAN
67 GF Score
Price ₺564.00
GF Value ₺696.34
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS E10?

Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS IST:BRSAN +2.55% 67 E10 is ₺5.77 as of Mar. 2026. GuruFocus rates IST:BRSAN with a GF Score™ of 67/100 and a GF Value™ of ₺696.34 (Modestly Undervalued). The stock has 4 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.

Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS's adjusted earnings per share data for the three months ended in Mar. 2026 was ₺1.930. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₺5.77 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS's average E10 Growth Rate was 32.90% per year. During the past 3 years, the average E10 Growth Rate was 50.20% per year. During the past 5 years, the average E10 Growth Rate was 68.70% 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 Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS was 101.00% per year. The lowest was 1.70% per year. And the median was 50.20% per year.

As of today (2026-07-21), Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS's current stock price is ₺564.00. Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS's E10 for the quarter that ended in Mar. 2026 was ₺5.77. Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS's Shiller PE Ratio of today is 97.75.

During the past 13 years, the highest Shiller PE Ratio of Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS was 254.07. The lowest was 11.91. And the median was 47.35.


Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS  (IST:BRSAN) 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.

Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=564.00/5.77
=97.75

* 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 Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS was 254.07. The lowest was 11.91. And the median was 47.35.


Be Aware

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


Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS E10 Related Terms


Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS E10 Historical Data

* Premium members only.

The historical data trend for Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS'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.

Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS E10 Chart

Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS 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 0.62 1.62 4.63 4.47 5.49

Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS 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 4.34 4.99 5.66 5.49 5.77

IST:BRSAN vs NUE, STLD, RS: E10 Comparison

For the Steel subindustry, Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS'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.


Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS Shiller PE Ratio vs Steel Industry

For the Steel industry and Basic Materials sector, Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS's Shiller PE Ratio falls into.


IST:BRSAN
67GF Score
Borusan Birlesik Boru Fabrikalari Sanayi Ve Ticaret AS IST:BRSAN
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS 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, Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS'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)
=1.93/330.2130*330.2130
=1.930

Current CPI (Mar. 2026) = 330.2130.

Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS Quarterly Data

per share eps CPI Adj_EPS
201606 0.350 241.018 0.480
201609 0.150 241.428 0.205
201612 0.089 241.432 0.122
201703 0.125 243.801 0.169
201706 0.720 244.955 0.971
201709 0.470 246.819 0.629
201712 0.418 246.524 0.560
201803 0.085 249.554 0.112
201806 0.430 251.989 0.563
201809 0.580 252.439 0.759
201812 0.832 251.233 1.094
201903 0.097 254.202 0.126
201906 0.490 256.143 0.632
201909 -0.490 256.759 -0.630
201912 -0.126 256.974 -0.162
202003 0.119 258.115 0.152
202006 -0.279 257.797 -0.357
202009 -0.551 260.280 -0.699
202012 0.635 260.474 0.805
202103 0.518 264.877 0.646
202106 0.526 271.696 0.639
202109 0.451 274.310 0.543
202112 -0.895 278.802 -1.060
202203 0.767 287.504 0.881
202206 1.952 296.311 2.175
202209 1.192 296.808 1.326
202212 5.611 296.797 6.243
202303 9.504 301.836 10.398
202306 8.397 305.109 9.088
202309 3.920 307.789 4.206
202312 7.122 306.746 7.667
202403 2.589 312.332 2.737
202406 1.925 314.175 2.023
202409 -2.313 315.301 -2.422
202412 -3.799 315.605 -3.975
202503 -2.006 319.799 -2.071
202506 6.224 322.561 6.372
202509 6.605 324.800 6.715
202512 -1.851 324.054 -1.886
202603 1.930 330.213 1.930

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 ₺5.77 mean?
Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS (IST:BRSAN) has a E10 of ₺5.77 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS and its competitors.
Is Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS's E10 too high?
Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS's current E10 is ₺5.77. Overall, Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS has a GF Score™ of 67/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS's E10 compare to NUE and STLD?
Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS's E10 of ₺5.77 can be compared against companies in the Steel 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 Steel company?
A good E10 depends on the Steel 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 Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS and its competitors. Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS's current E10 is ₺5.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS stock overvalued right now?
Based on GuruFocus' analysis, Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS (IST:BRSAN) is currently considered Modestly Undervalued. The stock's GF Value™ is ₺696.34, compared to a current price of ₺564.00 — trading 19% below its estimated fair value. The current E10 is ₺5.77. Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS's overall GF Score™ is 67/100 with 4 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 Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS (IST:BRSAN), the current E10 is ₺5.77 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 Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS (IST:BRSAN) Overvalued in 2026?

Based on GuruFocus' analysis, Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS stock appears to be undervalued. The current stock price of ₺564.00 is trading 19% below its estimated GF Value™ of ₺696.34. GuruFocus considers Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS to be Modestly Undervalued.

Key valuation signals for IST:BRSAN:

  • E10: ₺5.77
  • GF Value™: ₺696.34 vs. price of ₺564.00 (19% below fair value)
  • GF Score™: 67/100 with 4 warning signs

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


Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS Business Description

Address Meclisi Mebusan Caddesi No. 35 – 37, Salipazari, Istanbul, TUR, 34427
Borusan Birlesik Boru Fabrikalari Sanayi Ve Ticaret AS Formerly Borusan Mannesmann Boru Sanayi ve Ticaret AS is a steel tube and pipes manufacturer. The company's product portfolio includes gas pipes, water pipes, general purpose pipes, OCTG pipes, line pipe, precision tubes, heavy wall welded tubes, first fire protection systems, and easy flow fire protection sprinkler pipes. It provides products for various projects such as The NK1 Oil Pipeline, The Sahdeniz, The Blue Stream, Hungary Gas Pipeline, and TANAP projects. It exports products to various countries in Americas, Europe, Africa and Asia.
67GF Score

Get the complete analysis for IST:BRSAN

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

₺564.00
Price
₺696.34
GF Value