Befesa (MEX:BFSAN) E10: MXN32.50 (As of Jun. 2026)

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Director of Data and Quant Analytics at GuruFocus
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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

MEX:BFSAN Befesa SA MEX:BFSAN
60 GF Score
Price MXN689.53
GF Value MXN571.67
Valuation Modestly Overvalued
! 8 Warning Signs
View Full Analysis

What is Befesa E10?

Befesa MEX:BFSAN 60 E10 is MXN32.50 as of Jun. 2026. GuruFocus rates MEX:BFSAN with a GF Score™ of 60/100 and a GF Value™ of MXN571.67 (Modestly Overvalued). The stock has 8 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.

Befesa's adjusted earnings per share data for the three months ended in Jun. 2026 was MXN12.263. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is MXN32.50 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Befesa's average E10 Growth Rate was 7.30% 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.

As of today (2026-08-10), Befesa's current stock price is MXN689.53. Befesa's E10 for the quarter that ended in Jun. 2026 was MXN32.50. Befesa's Shiller PE Ratio of today is 21.22.

During the past 13 years, the highest Shiller PE Ratio of Befesa was 24.04. The lowest was 17.21. And the median was 19.43.


Befesa  (MEX:BFSAN) 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.

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

Shiller PE Ratio=Share Price/E10
=689.53/32.50
=21.22

* 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 Befesa was 24.04. The lowest was 17.21. And the median was 19.43.


Be Aware

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


Befesa E10 Related Terms


Befesa E10 Historical Data

* Premium members only.

The historical data trend for Befesa'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.

Befesa E10 Chart

Befesa 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 31.40

Befesa Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 32.29 31.39 31.40 32.43 32.50

MEX:BFSAN vs WM, RSG, WCN: E10 Comparison

For the Waste Management subindustry, Befesa'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.


Befesa Shiller PE Ratio vs Waste Management Industry

For the Waste Management industry and Industrials sector, Befesa's Shiller PE Ratio distribution charts can be found below:

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


MEX:BFSAN
60GF Score
Befesa SA MEX:BFSAN
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Befesa 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, Befesa's adjusted earnings per share data for the three months ended in Jun. 2026 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=12.263/128.6000*128.6000
=12.263

Current CPI (Jun. 2026) = 128.6000.

Befesa Quarterly Data

per share eps CPI Adj_EPS
201609 1.975 100.750 2.521
201612 -86.780 101.040 -110.450
201703 12.506 101.780 15.801
201706 6.960 102.170 8.760
201709 3.066 102.520 3.846
201712 -8.232 102.410 -10.337
201803 14.337 102.900 17.918
201806 15.609 103.650 19.366
201809 11.568 104.580 14.225
201812 17.870 104.320 22.029
201903 14.247 105.140 17.426
201906 12.589 105.550 15.338
201909 11.958 105.900 14.521
201912 13.526 106.080 16.397
202003 11.141 106.040 13.511
202006 4.419 106.340 5.344
202009 8.326 106.620 10.042
202012 11.499 106.670 13.863
202103 17.764 108.140 21.125
202106 14.390 108.680 17.028
202109 9.676 109.470 11.367
202112 22.152 111.090 25.644
202203 14.692 114.780 16.461
202206 12.335 116.750 13.587
202209 18.522 117.000 20.358
202212 9.796 117.060 10.762
202303 7.334 118.910 7.932
202306 2.415 120.460 2.578
202309 3.346 121.740 3.535
202312 14.068 121.170 14.931
202403 4.329 122.590 4.541
202406 5.127 123.120 5.355
202409 2.622 123.300 2.735
202412 14.110 122.430 14.821
202503 10.395 124.210 10.762
202506 11.728 125.820 11.987
202509 11.196 126.570 11.376
202512 10.331 126.180 10.529
202603 10.840 127.160 10.963
202606 12.263 128.600 12.263

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 MXN32.50 mean?
Befesa (MEX:BFSAN) has a E10 of MXN32.50 as of Jun. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Befesa and its competitors.
Is Befesa's E10 too high?
Befesa's current E10 is MXN32.50. Overall, Befesa has a GF Score™ of 60/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Befesa's E10 compare to WM and RSG?
Befesa's E10 of MXN32.50 can be compared against companies in the Waste Management 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 Waste Management company?
A good E10 depends on the Waste Management 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 Befesa and its competitors. Befesa's current E10 is MXN32.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Befesa stock overvalued right now?
Based on GuruFocus' analysis, Befesa (MEX:BFSAN) is currently considered Modestly Overvalued. The stock's GF Value™ is MXN571.67, compared to a current price of MXN689.53 — trading 20.6% above its estimated fair value. The current E10 is MXN32.50. Befesa's overall GF Score™ is 60/100 with 8 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 Befesa (MEX:BFSAN), the current E10 is MXN32.50 as of Jun. 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 Befesa (MEX:BFSAN) Overvalued in 2026?

Based on GuruFocus' analysis, Befesa stock appears to be overvalued. The current stock price of MXN689.53 is trading 20.6% above its estimated GF Value™ of MXN571.67. GuruFocus considers Befesa to be Modestly Overvalued.

Key valuation signals for MEX:BFSAN:

  • E10: MXN32.50
  • GF Value™: MXN571.67 vs. price of MXN689.53 (20.6% above fair value)
  • GF Score™: 60/100 with 8 warning signs

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


Befesa Business Description

Address 68-70, Boulevard de la Petrusse, Grand Duchy of Luxembourg, Luxembourg, LUX, L-2320
Befesa SA provides sustainable services for the recycling of hazardous residues from the Steel & Aluminium industry. It operates in two business segments: Steel dust recycling services & Aluminum salt slags recycling services. In the Steel Dust Recycling segment, the company collects & recycles steel dust and other steel residues generated in the production of crude, stainless, and galvanized steel. The Aluminum Salt Slags recycling services are divided into salt slags & secondary aluminum segments. Its secondary aluminum operations include the collection and recycling of aluminum scrap and other aluminum residues. Geographically, it generates the majority of its revenue from Spain, and also has a presence in Germany, Belgium, Finland, the Netherlands, Italy, France, and other countries.
60GF Score

Get the complete analysis for MEX:BFSAN

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

MXN689.53
Price
MXN571.67
GF Value