Embraer (MEX:ERJN) E10: MXN-2.11 (As of Jun. 2026)

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MEX:ERJN Embraer SA MEX:ERJN
63 GF Score
Price MXN1,294.00
GF Value MXN977.05
Valuation Significantly Overvalued
! 3 Warning Signs
View Full Analysis

What is Embraer E10?

Embraer MEX:ERJN 63 E10 is MXN-2.11 as of Jun. 2026. GuruFocus rates MEX:ERJN with a GF Score™ of 63/100 and a GF Value™ of MXN977.05 (Significantly Overvalued). 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.

Embraer's adjusted earnings per share data for the three months ended in Jun. 2026 was MXN20.729. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is MXN-2.11 for the trailing ten years ended in Jun. 2026.

During the past 3 years, the average E10 Growth Rate was 11.40% per year. During the past 5 years, the average E10 Growth Rate was -42.20% 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 Embraer was 11.40% per year. The lowest was -111.80% per year. And the median was -6.50% per year.

As of today (2026-08-25), Embraer's current stock price is MXN1294.00. Embraer's E10 for the quarter that ended in Jun. 2026 was MXN-2.11. Embraer's Shiller PE Ratio of today is .

During the past 13 years, the highest Shiller PE Ratio of Embraer was 64.46. The lowest was 12.08. And the median was 20.04.


Embraer  (MEX:ERJN) 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.

During the past 13 years, the highest Shiller P/E Ratio of Embraer was 64.46. The lowest was 12.08. And the median was 20.04.


Be Aware

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


Embraer E10 Related Terms


Embraer E10 Historical Data

* Premium members only.

The historical data trend for Embraer'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.

Embraer E10 Chart

Embraer 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 -2.14 -6.65 -7.93 -6.89 -4.39

Embraer 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 -6.48 -3.90 -4.39 -6.16 -2.11

MEX:ERJN vs SPCX, GE, RTX: E10 Comparison

For the Aerospace & Defense subindustry, Embraer'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.


Embraer Shiller PE Ratio vs Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Embraer's Shiller PE Ratio distribution charts can be found below:

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


MEX:ERJN
63GF Score
Embraer SA MEX:ERJN
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Embraer 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, Embraer'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)
=20.729/177.5443*177.5443
=20.729

Current CPI (Jun. 2026) = 177.5443.

Embraer Quarterly Data

per share eps CPI Adj_EPS
201609 -3.867 109.986 -6.242
201612 21.871 110.802 35.045
201703 5.438 111.869 8.630
201706 6.059 112.115 9.595
201709 10.250 112.777 16.136
201712 4.407 114.068 6.859
201803 -3.905 114.868 -6.036
201806 -14.085 117.038 -21.367
201809 -1.272 117.881 -1.916
201812 0.534 118.340 0.801
201903 -4.485 120.124 -6.629
201906 0.768 120.977 1.127
201909 -8.284 121.292 -12.126
201912 -21.508 123.436 -30.936
202003 -37.207 124.092 -53.234
202006 -39.544 123.557 -56.822
202009 -14.545 125.095 -20.643
202012 -0.358 129.012 -0.493
202103 -9.975 131.660 -13.451
202106 9.523 133.871 12.630
202109 -5.034 137.913 -6.481
202112 0.238 141.992 0.298
202203 -3.186 146.537 -3.860
202206 -16.038 149.784 -19.010
202209 -3.307 147.800 -3.973
202212 2.620 150.207 3.097
202303 -6.950 153.352 -8.046
202306 -1.756 154.519 -2.018
202309 5.574 155.464 6.366
202312 17.653 157.148 19.944
202403 2.596 159.372 2.892
202406 10.259 161.052 11.310
202409 19.170 162.342 20.965
202412 5.181 164.740 5.584
202503 8.175 168.102 8.634
202506 8.066 169.670 8.440
202509 11.660 170.739 12.125
202512 8.189 171.765 8.465
202603 3.347 175.066 3.394
202606 20.729 177.544 20.729

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 MXN-2.11 mean?
Embraer (MEX:ERJN) has a E10 of MXN-2.11 as of Jun. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Embraer and its competitors.
Is Embraer's E10 too high?
Embraer's current E10 is MXN-2.11. Overall, Embraer has a GF Score™ of 63/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Embraer's E10 compare to SPCX and GE?
Embraer's E10 of MXN-2.11 can be compared against companies in the Aerospace & Defense 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 Aerospace & Defense company?
A good E10 depends on the Aerospace & Defense 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 Embraer and its competitors. Embraer's current E10 is MXN-2.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Embraer stock overvalued right now?
Based on GuruFocus' analysis, Embraer (MEX:ERJN) is currently considered Significantly Overvalued. The stock's GF Value™ is MXN977.05, compared to a current price of MXN1,294.00 — trading 32.4% above its estimated fair value. The current E10 is MXN-2.11. Embraer's overall GF Score™ is 63/100 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 Embraer (MEX:ERJN), the current E10 is MXN-2.11 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 Embraer (MEX:ERJN) Overvalued in 2026?

Based on GuruFocus' analysis, Embraer stock appears to be overvalued. The current stock price of MXN1,294.00 is trading 32.4% above its estimated GF Value™ of MXN977.05. GuruFocus considers Embraer to be Significantly Overvalued.

Key valuation signals for MEX:ERJN:

  • E10: MXN-2.11
  • GF Value™: MXN977.05 vs. price of MXN1,294.00 (32.4% above fair value)
  • GF Score™: 63/100 with 3 warning signs

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


Embraer Business Description

Address Avenida Dra. Ruth Cardoso, 8501, 30th Floor, Eldorado Business Tower, Pinheiros, SP, BRA, 05425-070
Embraer SA based in Sao Paulo, Brazil, manufacturer of jets. Its focus is to achieve customer satisfaction with and services addressing the commercial airline, executive jets, and defense and security markets. It has developed a customer-centric technology-driven portfolio of commercial aviation products and services that allows it to build long-term relationships with clients in the commercial aviation, executive jets, and defense and security markets. It operates through the various segments namely Commercial Aviation, Defense and Security, Executive Aviation, Service and Support, and Other Segments. The company generates maximum revenue from the Commercial Aviation segment. Geographically, the company operates in Brazil, Europe, Asia Pacific, North America, and Others.
63GF Score

Get the complete analysis for MEX:ERJN

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

MXN1,294.00
Price
MXN977.05
GF Value