Marshall Boya VE Verniknayii AS (IST:MRSHL) E10: ₺-8.38 (As of Mar. 2026)


IST:MRSHL Marshall Boya VE Vernik Sanayii AS IST:MRSHL
51 GF Score
Price ₺2,021.00
GF Value ₺1,379.60
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is Marshall Boya VE Verniknayii AS E10?

Marshall Boya VE Verniknayii AS IST:MRSHL -6.65% 51 E10 is ₺-8.38 as of Mar. 2026. GuruFocus rates IST:MRSHL with a GF Score™ of 51/100 and a GF Value™ of ₺1,379.60 (Significantly Overvalued). 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.

Marshall Boya VE Verniknayii AS's adjusted earnings per share data for the three months ended in Mar. 2026 was ₺14.963. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₺-8.38 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 (2026-07-09), Marshall Boya VE Verniknayii AS's current stock price is ₺2021.00. Marshall Boya VE Verniknayii AS's E10 for the quarter that ended in Mar. 2026 was ₺-8.38. Marshall Boya VE Verniknayii AS's Shiller PE Ratio of today is .


Marshall Boya VE Verniknayii AS  (IST:MRSHL) 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.


Marshall Boya VE Verniknayii AS E10 Related Terms


Marshall Boya VE Verniknayii AS E10 Historical Data

* Premium members only.

The historical data trend for Marshall Boya VE Verniknayii 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.

Marshall Boya VE Verniknayii AS E10 Chart

Marshall Boya VE Verniknayii 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 0.00 0.00 0.00 0.00 -9.98

Marshall Boya VE Verniknayii 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 0.00 -6.92 -9.25 -9.98 -8.38

IST:MRSHL vs LIN, SHW, ECL: E10 Comparison

For the Specialty Chemicals subindustry, Marshall Boya VE Verniknayii 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.


Marshall Boya VE Verniknayii AS Shiller PE Ratio vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Marshall Boya VE Verniknayii AS's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Marshall Boya VE Verniknayii AS's Shiller PE Ratio falls into.


IST:MRSHL
51GF Score
Marshall Boya VE Vernik Sanayii AS IST:MRSHL
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Marshall Boya VE Verniknayii 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, Marshall Boya VE Verniknayii 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)
=14.963/330.2130*330.2130
=14.963

Current CPI (Mar. 2026) = 330.2130.

Marshall Boya VE Verniknayii AS Quarterly Data

per share eps CPI Adj_EPS
201106 0.008 225.722 0.012
201109 -0.101 226.889 -0.147
201203 0.010 229.392 0.014
201206 0.565 229.478 0.813
201209 -0.448 231.407 -0.639
201303 -0.619 232.773 -0.878
201412 0.000 234.812 0.000
201512 0.000 236.525 0.000
201612 0.000 241.432 0.000
201712 0.000 246.524 0.000
201812 0.000 251.233 0.000
201903 0.428 254.202 0.556
201906 1.054 256.143 1.359
201909 -0.496 256.759 -0.638
201912 1.020 256.974 1.311
202003 0.934 258.115 1.195
202006 0.335 257.797 0.429
202009 0.780 260.280 0.990
202012 0.099 260.474 0.126
202103 2.851 264.877 3.554
202106 -4.246 271.696 -5.160
202109 -1.978 274.310 -2.381
202112 -6.257 278.802 -7.411
202203 1.017 287.504 1.168
202206 2.869 296.311 3.197
202209 -4.133 296.808 -4.598
202212 -3.343 296.797 -3.719
202303 7.163 301.836 7.836
202306 -5.273 305.109 -5.707
202309 -20.574 307.789 -22.073
202312 -1.342 306.746 -1.445
202403 -1.970 312.332 -2.083
202406 5.900 314.175 6.201
202409 -19.541 315.301 -20.465
202412 -13.547 315.605 -14.174
202503 8.029 319.799 8.290
202506 -3.196 322.561 -3.272
202509 -21.193 324.800 -21.546
202512 -8.876 324.054 -9.045
202603 14.963 330.213 14.963

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 ₺-8.38 mean?
Marshall Boya VE Verniknayii AS (IST:MRSHL) has a E10 of ₺-8.38 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Marshall Boya VE Verniknayii AS and its competitors.
Is Marshall Boya VE Verniknayii AS's E10 too high?
Marshall Boya VE Verniknayii AS's current E10 is ₺-8.38. Overall, Marshall Boya VE Verniknayii AS has a GF Score™ of 51/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Marshall Boya VE Verniknayii AS's E10 compare to LIN and SHW?
Marshall Boya VE Verniknayii AS's E10 of ₺-8.38 can be compared against companies in the Chemicals 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 Chemicals company?
A good E10 depends on the Chemicals 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 Marshall Boya VE Verniknayii AS and its competitors. Marshall Boya VE Verniknayii AS's current E10 is ₺-8.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Marshall Boya VE Verniknayii AS stock overvalued right now?
Based on GuruFocus' analysis, Marshall Boya VE Verniknayii AS (IST:MRSHL) is currently considered Significantly Overvalued. The stock's GF Value™ is ₺1,379.60, compared to a current price of ₺2,021.00 — trading 46.5% above its estimated fair value. The current E10 is ₺-8.38. Marshall Boya VE Verniknayii AS's overall GF Score™ is 51/100 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 Marshall Boya VE Verniknayii AS (IST:MRSHL), the current E10 is ₺-8.38 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 Marshall Boya VE Verniknayii AS (IST:MRSHL) Overvalued in 2026?

Based on GuruFocus' analysis, Marshall Boya VE Verniknayii AS stock appears to be overvalued. The current stock price of ₺2,021.00 is trading 46.5% above its estimated GF Value™ of ₺1,379.60. GuruFocus considers Marshall Boya VE Verniknayii AS to be Significantly Overvalued.

Key valuation signals for IST:MRSHL:

  • E10: ₺-8.38
  • GF Value™: ₺1,379.60 vs. price of ₺2,021.00 (46.5% above fair value)
  • GF Score™: 51/100 with 6 warning signs

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


Marshall Boya VE Verniknayii AS Business Description

Address Dilovasi Organize San. Bolgesi, 1.Kisim Tuna Caddesi No:1, Dilovasi, Gebze, Kocaeli, TUR, 41455
Marshall Boya VE Vernik Sanayii AS is a Turkey-based company involved in manufacturing paints, coatings, and specialty chemicals. The variety of paints provided by the company includes Panel Door Paint, Fit Silicone, Fit Plastic, Antibacterial Hygiene and Silicone Silk Mat Tinted among others.
51GF Score

Get the complete analysis for IST:MRSHL

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

₺2,021.00
Price
₺1,379.60
GF Value