Vale (LTS:0LBF) E10: $1.93 (As of Mar. 2026)


LTS:0LBF Vale SA LTS:0LBF
74 GF Score
Price $15.25
GF Value $12.82
Valuation Modestly Overvalued
! 5 Warning Signs
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What is Vale E10?

Vale LTS:0LBF +2.35% 74 E10 is $1.93 as of Mar. 2026. GuruFocus rates LTS:0LBF with a GF Score™ of 74/100 and a GF Value™ of $12.82 (Modestly Overvalued). The stock has 5 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.

Vale's adjusted earnings per share data for the three months ended in Mar. 2026 was $0.440. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $1.93 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Vale's average E10 Growth Rate was 20.00% per year. During the past 3 years, the average E10 Growth Rate was 21.80% per year. During the past 5 years, the average E10 Growth Rate was 35.30% per year. During the past 10 years, the average E10 Growth Rate was 9.50% 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 Vale was 49.50% per year. The lowest was -20.40% per year. And the median was -0.25% per year.

As of today (2026-06-29), Vale's current stock price is $15.25. Vale's E10 for the quarter that ended in Mar. 2026 was $1.93. Vale's Shiller PE Ratio of today is 7.90.

During the past 13 years, the highest Shiller PE Ratio of Vale was 50.75. The lowest was 3.67. And the median was 13.15.


Vale  (LTS:0LBF) 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.

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

Shiller PE Ratio=Share Price/E10
=15.25/1.93
=7.90

* 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 Vale was 50.75. The lowest was 3.67. And the median was 13.15.


Be Aware

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


Vale E10 Related Terms


Vale E10 Historical Data

* Premium members only.

The historical data trend for Vale'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.

Vale E10 Chart

Vale 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 0.63 1.04 1.38 1.27 1.82

Vale 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 1.47 1.59 1.74 1.82 1.93

Vale E10 Competitor Comparison

For the Other Industrial Metals & Mining subindustry, Vale'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.


Vale Shiller PE Ratio vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Vale's Shiller PE Ratio distribution charts can be found below:

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


LTS:0LBF
74GF Score
Vale SA LTS:0LBF
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Vale 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, Vale'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)
=0.44/175.0655*175.0655
=0.440

Current CPI (Mar. 2026) = 175.0655.

Vale Quarterly Data

per share eps CPI Adj_EPS
201606 0.210 108.851 0.338
201609 0.110 109.986 0.175
201612 0.100 110.802 0.158
201703 0.480 111.869 0.751
201706 0.000 112.115 0.000
201709 0.430 112.777 0.667
201712 0.150 114.068 0.230
201803 0.300 114.868 0.457
201806 0.010 117.038 0.015
201809 0.270 117.881 0.401
201812 0.730 118.340 1.080
201903 -0.320 120.124 -0.466
201906 -0.030 120.977 -0.043
201909 0.320 121.292 0.462
201912 -0.300 123.436 -0.425
202003 0.050 124.092 0.071
202006 0.190 123.557 0.269
202009 0.570 125.095 0.798
202012 0.140 129.012 0.190
202103 1.080 131.660 1.436
202106 1.490 133.871 1.949
202109 0.760 137.913 0.965
202112 1.110 141.992 1.369
202203 0.930 146.537 1.111
202206 1.320 149.784 1.543
202209 0.980 147.800 1.161
202212 0.830 150.207 0.967
202303 0.410 153.352 0.468
202306 0.200 154.519 0.227
202309 0.660 155.464 0.743
202312 0.560 157.148 0.624
202403 0.390 159.372 0.428
202406 0.650 161.052 0.707
202409 0.560 162.342 0.604
202412 -0.160 164.740 -0.170
202503 0.330 168.102 0.344
202506 0.500 169.670 0.516
202509 0.630 170.739 0.646
202512 -0.900 171.765 -0.917
202603 0.440 175.066 0.440

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 $1.93 mean?
Vale (LTS:0LBF) has a E10 of $1.93 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Vale and its competitors.
Is Vale's E10 too high?
Vale's current E10 is $1.93. Overall, Vale has a GF Score™ of 74/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Vale's E10 compare to competitors?
Vale's E10 of $1.93 can be compared against companies in the Metals & Mining 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 Metals & Mining company?
A good E10 depends on the Metals & Mining 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 Vale and its competitors. Vale's current E10 is $1.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vale stock overvalued right now?
Based on GuruFocus' analysis, Vale (LTS:0LBF) is currently considered Modestly Overvalued. The stock's GF Value™ is $12.82, compared to a current price of $15.25 — trading 19% above its estimated fair value. The current E10 is $1.93. Vale's overall GF Score™ is 74/100 with 5 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 Vale (LTS:0LBF), the current E10 is $1.93 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 Vale (LTS:0LBF) Overvalued in 2026?

Based on GuruFocus' analysis, Vale stock appears to be overvalued. The current stock price of $15.25 is trading 19% above its estimated GF Value™ of $12.82. GuruFocus considers Vale to be Modestly Overvalued.

Key valuation signals for LTS:0LBF:

  • E10: $1.93
  • GF Value™: $12.82 vs. price of $15.25 (19% above fair value)
  • GF Score™: 74/100 with 5 warning signs

No single metric tells the full story. See the LTS:0LBF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Vale Business Description

Address Praia de Botafogo, 186, Rooms 1801 to 2001, Botafogo, Rio de Janeiro, RJ, BRA, 22250-145
Vale is a large global miner and the world's largest producer of iron ore and pellets. In recent years the company has sold noncore assets such as its fertilizer, coal, and steel operations to concentrate on iron ore, nickel, and copper. Earnings are dominated by its iron ore business. The base metals division is much smaller, consisting of nickel mines and smelters along with copper mines producing copper in concentrate. In 2024, Vale sold a minority 10% stake in its base metals business, likely the first step in separating base metals and iron ore.
74GF Score

Get the complete analysis for LTS:0LBF

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

$15.25
Price
$12.82
GF Value