CD Projekt (MEX:CDRN) E10: MXN17.32 (As of Mar. 2026)

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Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Founder & CEO of GuruFocus
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:CDRN CD Projekt SA MEX:CDRN
68 GF Score
Price MXN777.52
GF Value MXN438.10
! 3 Warning Signs
View Full Analysis

What is CD Projekt E10?

CD Projekt MEX:CDRN 68 E10 is MXN17.32 as of Mar. 2026. GuruFocus rates MEX:CDRN with a GF Score™ of 68/100 and a GF Value™ of MXN438.10. The stock has 3 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.

CD Projekt's adjusted earnings per share data for the three months ended in Mar. 2026 was MXN4.878. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is MXN17.32 for the trailing ten years ended in Mar. 2026.

During the past 12 months, CD Projekt's average E10 Growth Rate was 2.70% per year. During the past 3 years, the average E10 Growth Rate was 12.10% per year. During the past 5 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 CD Projekt was 42.70% per year. The lowest was 12.10% per year. And the median was 21.00% per year.

As of today (2026-08-11), CD Projekt's current stock price is MXN777.52. CD Projekt's E10 for the quarter that ended in Mar. 2026 was MXN17.32. CD Projekt's Shiller PE Ratio of today is 44.89.

During the past 13 years, the highest Shiller PE Ratio of CD Projekt was 316.31. The lowest was 23.12. And the median was 52.46.


CD Projekt  (MEX:CDRN) 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.

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

Shiller PE Ratio=Share Price/E10
=777.52/17.32
=44.89

* 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 CD Projekt was 316.31. The lowest was 23.12. And the median was 52.46.


Be Aware

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


CD Projekt E10 Related Terms


CD Projekt E10 Historical Data

* Premium members only.

The historical data trend for CD Projekt'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.

CD Projekt E10 Chart

CD Projekt 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 15.00 20.15 20.02 16.36

CD Projekt 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 18.83 13.26 14.17 16.36 17.32

MEX:CDRN vs NTES, EA, TTWO: E10 Comparison

For the Electronic Gaming & Multimedia subindustry, CD Projekt'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.


CD Projekt Shiller PE Ratio vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, CD Projekt's Shiller PE Ratio distribution charts can be found below:

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


MEX:CDRN
68GF Score
CD Projekt SA MEX:CDRN
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

CD Projekt 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, CD Projekt'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)
=4.878/163.0700*163.0700
=4.878

Current CPI (Mar. 2026) = 163.0700.

CD Projekt Quarterly Data

per share eps CPI Adj_EPS
201606 4.924 99.552 8.066
201609 1.719 99.064 2.830
201612 3.763 100.366 6.114
201703 2.137 101.018 3.450
201706 3.531 101.180 5.691
201709 1.672 101.343 2.690
201712 2.137 102.564 3.398
201803 1.069 102.564 1.700
201806 1.347 103.378 2.125
201809 0.697 103.378 1.099
201812 1.951 103.785 3.065
201903 0.836 104.274 1.307
201906 1.533 105.983 2.359
201909 0.697 105.983 1.072
201912 5.017 107.123 7.637
202003 4.228 109.076 6.321
202006 2.509 109.402 3.740
202009 1.069 109.320 1.595
202012 45.342 109.565 67.485
202103 1.487 112.658 2.152
202106 3.345 113.960 4.786
202109 0.743 115.588 1.048
202112 3.995 119.088 5.470
202203 3.159 125.031 4.120
202206 2.091 131.705 2.589
202209 4.553 135.531 5.478
202212 6.179 139.113 7.243
202303 3.206 145.950 3.582
202306 0.976 147.009 1.083
202309 9.431 146.113 10.525
202312 8.873 147.741 9.794
202403 4.646 149.044 5.083
202406 3.252 150.997 3.512
202409 3.624 153.439 3.851
202412 9.059 154.660 9.552
202503 5.157 157.021 5.356
202506 1.998 157.509 2.069
202509 8.920 158.000 9.206
202512 11.382 158.320 11.723
202603 4.878 163.070 4.878

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 MXN17.32 mean?
CD Projekt (MEX:CDRN) has a E10 of MXN17.32 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on CD Projekt and its competitors.
Is CD Projekt's E10 too high?
CD Projekt's current E10 is MXN17.32. Overall, CD Projekt has a GF Score™ of 68/100, reflecting its overall financial health beyond just this single metric.
How does CD Projekt's E10 compare to NTES and EA?
CD Projekt's E10 of MXN17.32 can be compared against companies in the Interactive Media 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 Interactive Media company?
A good E10 depends on the Interactive Media 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 CD Projekt and its competitors. CD Projekt's current E10 is MXN17.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CD Projekt stock overvalued right now?
CD Projekt (MEX:CDRN) has a current E10 of MXN17.32. The stock's GF Value™ is MXN438.10, compared to a current price of MXN777.52 — trading 77.5% above its estimated fair value. The current E10 is MXN17.32. CD Projekt's overall GF Score™ is 68/100 with 3 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 CD Projekt (MEX:CDRN), the current E10 is MXN17.32 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 CD Projekt (MEX:CDRN) Overvalued in 2026?

Based on GuruFocus' analysis, CD Projekt stock appears to be overvalued. The current stock price of MXN777.52 is trading 77.5% above its estimated GF Value™ of MXN438.10.

Key valuation signals for MEX:CDRN:

  • E10: MXN17.32
  • GF Value™: MXN438.10 vs. price of MXN777.52 (77.5% above fair value)
  • GF Score™: 68/100 with 3 warning signs

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


CD Projekt Business Description

Address ul. Jagiellonska 74, Building E, Warsaw, POL, 03-301
CD Projekt SA is the holding company of the CD Projekt capital group. The firm, with its subsidiary, develops and publishes video games for hardware platforms such as Steam, PlayStation Store, Xbox Games Store, Nintendo, App Store, Humble Bundle, Origin, and its own proprietary GOG.com platform. It is also involved in international digital video game distribution. The firm has CD Projekt Red and GOG.com segments. It derives the majority of its revenues from the CD Projekt Red segment.
68GF Score

Get the complete analysis for MEX:CDRN

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

MXN777.52
Price
MXN438.10
GF Value