Zorlu Enerji Elektrik Uretim AS (IST:ZOREN) E10: ₺0.18 (As of Mar. 2026)


IST:ZOREN Zorlu Enerji Elektrik Uretim AS IST:ZOREN
61 GF Score
Price ₺2.76
GF Value ₺3.23
Valuation Modestly Undervalued
! 6 Warning Signs
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What is Zorlu Enerji Elektrik Uretim AS E10?

Zorlu Enerji Elektrik Uretim AS IST:ZOREN -8.61% 61 E10 is ₺0.18 as of Mar. 2026. GuruFocus rates IST:ZOREN with a GF Score™ of 61/100 and a GF Value™ of ₺3.23 (Modestly Undervalued). 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.

Zorlu Enerji Elektrik Uretim AS's adjusted earnings per share data for the three months ended in Mar. 2026 was ₺-0.610. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₺0.18 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Zorlu Enerji Elektrik Uretim AS's average E10 Growth Rate was -63.30% per year. During the past 3 years, the average E10 Growth Rate was -1.30% 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 Zorlu Enerji Elektrik Uretim AS was 2.30% per year. The lowest was -3.70% per year. And the median was -1.30% per year.

As of today (2026-07-01), Zorlu Enerji Elektrik Uretim AS's current stock price is ₺2.76. Zorlu Enerji Elektrik Uretim AS's E10 for the quarter that ended in Mar. 2026 was ₺0.18. Zorlu Enerji Elektrik Uretim AS's Shiller PE Ratio of today is 15.33.

During the past 13 years, the highest Shiller PE Ratio of Zorlu Enerji Elektrik Uretim AS was 83.25. The lowest was 5.46. And the median was 9.03.


Zorlu Enerji Elektrik Uretim AS  (IST:ZOREN) 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.

Zorlu Enerji Elektrik Uretim AS's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=2.76/0.18
=15.33

* 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 Zorlu Enerji Elektrik Uretim AS was 83.25. The lowest was 5.46. And the median was 9.03.


Be Aware

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


Zorlu Enerji Elektrik Uretim AS E10 Related Terms


Zorlu Enerji Elektrik Uretim AS E10 Historical Data

* Premium members only.

The historical data trend for Zorlu Enerji Elektrik Uretim 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.

Zorlu Enerji Elektrik Uretim AS E10 Chart

Zorlu Enerji Elektrik Uretim 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 -15.18 0.26 0.63 0.59 0.25

Zorlu Enerji Elektrik Uretim 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 0.49 0.39 0.49 0.25 0.18

Zorlu Enerji Elektrik Uretim AS E10 Competitor Comparison

For the Utilities - Renewable subindustry, Zorlu Enerji Elektrik Uretim 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.


Zorlu Enerji Elektrik Uretim AS Shiller PE Ratio vs Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Zorlu Enerji Elektrik Uretim AS's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Zorlu Enerji Elektrik Uretim AS's Shiller PE Ratio falls into.


IST:ZOREN
61GF Score
Zorlu Enerji Elektrik Uretim AS IST:ZOREN
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
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Zorlu Enerji Elektrik Uretim 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, Zorlu Enerji Elektrik Uretim 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)
=-0.61/330.2130*330.2130
=-0.610

Current CPI (Mar. 2026) = 330.2130.

Zorlu Enerji Elektrik Uretim AS Quarterly Data

per share eps CPI Adj_EPS
201606 0.000 241.018 0.000
201609 0.000 241.428 0.000
201612 0.080 241.432 0.109
201703 -0.033 243.801 -0.045
201706 0.000 244.955 0.000
201709 0.000 246.819 0.000
201712 -0.002 246.524 -0.003
201803 0.010 249.554 0.013
201806 0.010 251.989 0.013
201809 -0.030 252.439 -0.039
201812 0.018 251.233 0.024
201903 0.010 254.202 0.013
201906 -0.015 256.143 -0.019
201909 -0.008 256.759 -0.010
201912 -0.020 256.974 -0.026
202003 0.012 258.115 0.015
202006 0.003 257.797 0.004
202009 0.013 260.280 0.016
202012 -0.009 260.474 -0.011
202103 -0.007 264.877 -0.009
202106 -0.001 271.696 -0.001
202109 -0.009 274.310 -0.011
202112 -0.008 278.802 -0.009
202203 0.018 287.504 0.021
202206 -0.018 296.311 -0.020
202209 0.020 296.808 0.022
202212 2.278 296.797 2.534
202303 1.630 301.836 1.783
202306 -0.090 305.109 -0.097
202309 -1.100 307.789 -1.180
202312 2.712 306.746 2.919
202403 0.970 312.332 1.026
202406 -0.350 314.175 -0.368
202409 -0.270 315.301 -0.283
202412 -1.076 315.605 -1.126
202503 -0.870 319.799 -0.898
202506 -0.970 322.561 -0.993
202509 0.900 324.800 0.915
202512 -2.041 324.054 -2.080
202603 -0.610 330.213 -0.610

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 ₺0.18 mean?
Zorlu Enerji Elektrik Uretim AS (IST:ZOREN) has a E10 of ₺0.18 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Zorlu Enerji Elektrik Uretim AS and its competitors.
Is Zorlu Enerji Elektrik Uretim AS's E10 too high?
Zorlu Enerji Elektrik Uretim AS's current E10 is ₺0.18. Overall, Zorlu Enerji Elektrik Uretim AS has a GF Score™ of 61/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Zorlu Enerji Elektrik Uretim AS's E10 compare to competitors?
Zorlu Enerji Elektrik Uretim AS's E10 of ₺0.18 can be compared against companies in the Utilities - Independent Power Producers 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 Utilities - Independent Power Producers company?
A good E10 depends on the Utilities - Independent Power Producers 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 Zorlu Enerji Elektrik Uretim AS and its competitors. Zorlu Enerji Elektrik Uretim AS's current E10 is ₺0.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zorlu Enerji Elektrik Uretim AS stock overvalued right now?
Based on GuruFocus' analysis, Zorlu Enerji Elektrik Uretim AS (IST:ZOREN) is currently considered Modestly Undervalued. The stock's GF Value™ is ₺3.23, compared to a current price of ₺2.76 — trading 14.6% below its estimated fair value. The current E10 is ₺0.18. Zorlu Enerji Elektrik Uretim AS's overall GF Score™ is 61/100 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 Zorlu Enerji Elektrik Uretim AS (IST:ZOREN), the current E10 is ₺0.18 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 Zorlu Enerji Elektrik Uretim AS (IST:ZOREN) Overvalued in 2026?

Based on GuruFocus' analysis, Zorlu Enerji Elektrik Uretim AS stock appears to be undervalued. The current stock price of ₺2.76 is trading 14.6% below its estimated GF Value™ of ₺3.23. GuruFocus considers Zorlu Enerji Elektrik Uretim AS to be Modestly Undervalued.

Key valuation signals for IST:ZOREN:

  • E10: ₺0.18
  • GF Value™: ₺3.23 vs. price of ₺2.76 (14.6% below fair value)
  • GF Score™: 61/100 with 6 warning signs

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


Zorlu Enerji Elektrik Uretim AS Business Description

Address Buyukdere Caddesi, No: 199, Levent 199, Istanbul, TUR, 34394
Zorlu Enerji Elektrik Uretim AS together with its subsidiaries is engaged in establishing, renting and operating facilities of electrical energy production plant, producing electricity and trading electricity to the customers.
61GF Score

Get the complete analysis for IST:ZOREN

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

₺2.76
Price
₺3.23
GF Value