BCE (MEX:BCEN) E10: MXN42.31 (As of Mar. 2026)


MEX:BCEN BCE Inc MEX:BCEN
43 GF Score
Price MXN417.00
GF Value MXN439.41
Valuation Fairly Valued
! 7 Warning Signs
View Full Analysis

What is BCE E10?

BCE MEX:BCEN 43 E10 is MXN42.31 as of Mar. 2026. GuruFocus rates MEX:BCEN with a GF Score™ of 43/100 and a GF Value™ of MXN439.41 (Fairly Valued). 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.

BCE's adjusted earnings per share data for the three months ended in Mar. 2026 was MXN8.675. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is MXN42.31 for the trailing ten years ended in Mar. 2026.

During the past 12 months, BCE's average E10 Growth Rate was 10.90% per year. During the past 3 years, the average E10 Growth Rate was 0.90% per year. During the past 5 years, the average E10 Growth Rate was 0.90% per year. During the past 10 years, the average E10 Growth Rate was 1.80% 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 BCE was 29.00% per year. The lowest was -14.20% per year. And the median was 2.70% per year.

As of today (2026-06-24), BCE's current stock price is MXN417.00. BCE's E10 for the quarter that ended in Mar. 2026 was MXN42.31. BCE's Shiller PE Ratio of today is 9.86.

During the past 13 years, the highest Shiller PE Ratio of BCE was 21.18. The lowest was 8.83. And the median was 17.97.


BCE  (MEX:BCEN) 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.

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

Shiller PE Ratio=Share Price/E10
=417.00/42.31
=9.86

* 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 BCE was 21.18. The lowest was 8.83. And the median was 17.97.


Be Aware

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


BCE E10 Related Terms


BCE E10 Historical Data

* Premium members only.

The historical data trend for BCE'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.

BCE E10 Chart

BCE 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 53.93 45.23

BCE 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 54.91 59.31 61.67 45.23 42.31

MEX:BCEN vs TMUS, VZ, T: E10 Comparison

For the Telecom Services subindustry, BCE'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.


BCE Shiller PE Ratio vs Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, BCE's Shiller PE Ratio distribution charts can be found below:

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


MEX:BCEN
43GF Score
BCE Inc MEX:BCEN
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

BCE 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, BCE'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)
=8.675/132.2623*132.2623
=8.675

Current CPI (Mar. 2026) = 132.2623.

BCE Quarterly Data

per share eps CPI Adj_EPS
201606 12.765 102.002 16.552
201609 12.833 101.765 16.679
201612 11.592 101.449 15.113
201703 10.268 102.634 13.232
201706 11.557 103.029 14.836
201709 13.302 103.345 17.024
201712 9.690 103.345 12.401
201803 10.255 105.004 12.917
201806 11.827 105.557 14.819
201809 12.916 105.636 16.172
201812 9.937 105.399 12.470
201903 11.896 106.979 14.707
201906 12.287 107.690 15.091
201909 14.313 107.611 17.592
201912 10.598 107.769 13.007
202003 12.597 107.927 15.437
202006 4.428 108.401 5.403
202009 12.857 108.164 15.721
202012 15.219 108.559 18.542
202103 11.547 110.298 13.846
202106 12.380 111.720 14.656
202109 13.469 112.905 15.778
202112 11.058 113.774 12.855
202203 15.098 117.646 16.974
202206 10.370 120.806 11.353
202209 11.762 120.648 12.894
202212 8.324 120.964 9.101
202303 10.407 122.702 11.218
202306 4.774 124.203 5.084
202309 9.011 125.230 9.517
202312 5.314 125.072 5.619
202403 5.395 126.258 5.652
202406 7.887 127.522 8.180
202409 -19.769 127.285 -20.542
202412 7.466 127.364 7.753
202503 9.690 129.181 9.921
202506 8.679 129.892 8.837
202509 64.180 130.287 65.153
202512 8.353 130.366 8.474
202603 8.675 132.262 8.675

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 MXN42.31 mean?
BCE (MEX:BCEN) has a E10 of MXN42.31 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on BCE and its competitors.
Is BCE's E10 too high?
BCE's current E10 is MXN42.31. Overall, BCE has a GF Score™ of 43/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does BCE's E10 compare to TMUS and VZ?
BCE's E10 of MXN42.31 can be compared against companies in the Telecommunication Services 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 Telecommunication Services company?
A good E10 depends on the Telecommunication Services 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 BCE and its competitors. BCE's current E10 is MXN42.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BCE stock overvalued right now?
Based on GuruFocus' analysis, BCE (MEX:BCEN) is currently considered Fairly Valued. The stock's GF Value™ is MXN439.41, compared to a current price of MXN417.00 — trading 5.1% below its estimated fair value. The current E10 is MXN42.31. BCE's overall GF Score™ is 43/100 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 BCE (MEX:BCEN), the current E10 is MXN42.31 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 BCE (MEX:BCEN) Overvalued in 2026?

Based on GuruFocus' analysis, BCE stock appears to be undervalued. The current stock price of MXN417.00 is trading 5.1% below its estimated GF Value™ of MXN439.41. GuruFocus considers BCE to be Fairly Valued.

Key valuation signals for MEX:BCEN:

  • E10: MXN42.31
  • GF Value™: MXN439.41 vs. price of MXN417.00 (5.1% below fair value)
  • GF Score™: 43/100 with 7 warning signs

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


BCE Business Description

Address 1 Carrefour Alexander Graham Bell, Building A, Tour A-7, 7th Floor, Verdun, QC, CAN, H3E 3B3
BCE provides wireless, broadband, television, and landline phone services in Canada. It is one of the Big Three national wireless carriers, with over 10 million customers constituting about 30% of the market. It is also the incumbent local exchange carrier—the legacy telephone provider—throughout much of the eastern half of Canada, including in the most populous Canadian provinces: Ontario and Quebec. BCE has a media segment that holds television, radio, and digital media assets. BCE licenses the Canadian rights to HBO Max and Starz.
43GF Score

Get the complete analysis for MEX:BCEN

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

MXN417.00
Price
MXN439.41
GF Value