Oando (JSE:OAO) E10: R0.02 (As of Dec. 2025)


JSE:OAO Oando PLC JSE:OAO
46 GF Score
Price R0.19
GF Value R0.24
Valuation Modestly Undervalued
! 7 Warning Signs
View Full Analysis

What is Oando E10?

Oando JSE:OAO 46 E10 is R0.02 as of Dec. 2025. GuruFocus rates JSE:OAO with a GF Score™ of 46/100 and a GF Value™ of R0.24 (Modestly Undervalued). The stock has 7 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.

Oando's adjusted earnings per share data for the three months ended in Dec. 2025 was R0.061. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is R0.02 for the trailing ten years ended in Dec. 2025.

During the past 3 years, the average E10 Growth Rate was -17.20% 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 Oando was -17.20% per year. The lowest was -17.20% per year. And the median was -17.20% per year.

As of today (2026-06-29), Oando's current stock price is R0.19. Oando's E10 for the quarter that ended in Dec. 2025 was R0.02. Oando's Shiller PE Ratio of today is 9.50.

During the past 13 years, the highest Shiller PE Ratio of Oando was 187.33. The lowest was 0.09. And the median was 0.23.


Oando  (JSE:OAO) 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.

Oando's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=0.19/0.02
=9.50

* 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 Oando was 187.33. The lowest was 0.09. And the median was 0.23.


Be Aware

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


Oando E10 Related Terms


Oando E10 Historical Data

* Premium members only.

The historical data trend for Oando'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.

Oando E10 Chart

Oando Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec21 Dec22 Dec23 Dec24 Dec25
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.88 0.57 -0.04 0.00 0.02

Oando 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 0.00 0.00 0.01 0.02 0.02

JSE:OAO vs VLO, MPC, PSX: E10 Comparison

For the Oil & Gas Refining & Marketing subindustry, Oando'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.


Oando Shiller PE Ratio vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Oando's Shiller PE Ratio distribution charts can be found below:

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


JSE:OAO
46GF Score
Oando PLC JSE:OAO
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Oando 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, Oando'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)
=0.061/324.0540*324.0540
=0.061

Current CPI (Dec. 2025) = 324.0540.

Oando Quarterly Data

per share eps CPI Adj_EPS
201509 -0.014 237.945 -0.019
201512 -0.003 236.525 -0.004
201603 0.004 238.132 0.005
201606 -0.027 241.018 -0.036
201609 -0.009 241.428 -0.012
201612 0.036 241.432 0.048
201703 0.001 243.801 0.001
201706 0.000 244.955 0.000
201709 0.000 246.819 0.000
201712 0.011 246.524 0.014
201803 0.002 249.554 0.003
201806 0.001 251.989 0.001
201809 0.001 252.439 0.001
201812 0.017 251.233 0.022
201903 0.004 254.202 0.005
201906 -0.001 256.143 -0.001
201909 0.004 256.759 0.005
202003 -0.025 258.115 -0.031
202006 -0.002 257.797 -0.003
202009 -0.006 260.280 -0.007
202103 -0.024 264.877 -0.029
202106 -0.016 271.696 -0.019
202109 0.021 274.310 0.025
202112 0.051 278.802 0.059
202203 -0.010 287.504 -0.011
202206 0.002 296.311 0.002
202209 -0.021 296.808 -0.023
202212 -0.031 296.797 -0.034
202303 -0.021 301.836 -0.023
202306 0.114 305.109 0.121
202309 0.000 307.789 0.000
202312 -0.042 306.746 -0.044
202403 0.056 312.332 0.058
202406 0.000 314.175 0.000
202409 0.012 315.301 0.012
202412 0.145 315.605 0.149
202503 0.101 319.799 0.102
202506 -0.045 322.561 -0.045
202509 0.133 324.800 0.133
202512 0.061 324.054 0.061

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 R0.02 mean?
Oando (JSE:OAO) has a E10 of R0.02 as of Dec. 2025. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Oando and its competitors.
Is Oando's E10 too high?
Oando's current E10 is R0.02. Overall, Oando has a GF Score™ of 46/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Oando's E10 compare to VLO and MPC?
Oando's E10 of R0.02 can be compared against companies in the Oil & Gas 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 Oil & Gas company?
A good E10 depends on the Oil & Gas 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 Oando and its competitors. Oando's current E10 is R0.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Oando stock overvalued right now?
Based on GuruFocus' analysis, Oando (JSE:OAO) is currently considered Modestly Undervalued. The stock's GF Value™ is R0.24, compared to a current price of R0.19 — trading 20.8% below its estimated fair value. The current E10 is R0.02. Oando's overall GF Score™ is 46/100 with 7 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 Oando (JSE:OAO), the current E10 is R0.02 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 Oando (JSE:OAO) Overvalued in 2026?

Based on GuruFocus' analysis, Oando stock appears to be undervalued. The current stock price of R0.19 is trading 20.8% below its estimated GF Value™ of R0.24. GuruFocus considers Oando to be Modestly Undervalued.

Key valuation signals for JSE:OAO:

  • E10: R0.02
  • GF Value™: R0.24 vs. price of R0.19 (20.8% below fair value)
  • GF Score™: 46/100 with 7 warning signs

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


Oando Business Description

Industry EnergyOil & Gas
Other Exchanges OANDO:Nigeria
Address Ozumba Mbadiwe Avenue, 17a The Wings Complex, Victoria Island, Lagos, NGA
Oando PLC makes strategic investments in energy companies. Through its subsidiaries, the company is engaged in exploration and production, Supply and trading of petroleum products, and Mining and infrastructure development. The group has four operating segments: (i) Exploration and production. (ii) Supply and Trading (iii) Mining & infrastructure development, (iv) Corporate, and others. The majority of its revenue is generated from Supply and Trading which involves trading crude, refined, and unrefined petroleum products.
46GF Score

Get the complete analysis for JSE:OAO

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

R0.19
Price
R0.24
GF Value