Euronext Athens Holding (MEX:HEEN) E10: MXN3.98 (As of Dec. 2025)


MEX:HEEN Euronext Athens Holding SA MEX:HEEN
89 GF Score
Price MXN148.00
GF Value MXN167.89
! 4 Warning Signs
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What is Euronext Athens Holding E10?

Euronext Athens Holding MEX:HEEN 89 E10 is MXN3.98 as of Dec. 2025. GuruFocus rates MEX:HEEN with a GF Score™ of 89/100 and a GF Value™ of MXN167.89. The stock has 4 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.

Euronext Athens Holding's adjusted earnings per share data for the three months ended in Dec. 2025 was MXN1.756. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is MXN3.98 for the trailing ten years ended in Dec. 2025.

During the past 12 months, Euronext Athens Holding's average E10 Growth Rate was 30.80% per year. During the past 3 years, the average E10 Growth Rate was 2.00% per year. During the past 5 years, the average E10 Growth Rate was -2.40% 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 Euronext Athens Holding was 2.00% per year. The lowest was -14.30% per year. And the median was -8.65% per year.

As of today (2026-06-27), Euronext Athens Holding's current stock price is MXN148.00. Euronext Athens Holding's E10 for the quarter that ended in Dec. 2025 was MXN3.98. Euronext Athens Holding's Shiller PE Ratio of today is 37.19.

During the past 13 years, the highest Shiller PE Ratio of Euronext Athens Holding was 49.75. The lowest was 14.00. And the median was 22.66.


Euronext Athens Holding  (MEX:HEEN) 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.

Euronext Athens Holding's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=148.00/3.98
=37.19

* 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 Euronext Athens Holding was 49.75. The lowest was 14.00. And the median was 22.66.


Be Aware

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


Euronext Athens Holding E10 Related Terms


Euronext Athens Holding E10 Historical Data

* Premium members only.

The historical data trend for Euronext Athens Holding'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.

Euronext Athens Holding E10 Chart

Euronext Athens Holding 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 2.59 3.98

Euronext Athens Holding Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
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 2.59 2.32 2.25 3.79 3.98

MEX:HEEN vs SPGI, CME, ICE: E10 Comparison

For the Financial Data & Stock Exchanges subindustry, Euronext Athens Holding'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.


Euronext Athens Holding Shiller PE Ratio vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Euronext Athens Holding's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Euronext Athens Holding's Shiller PE Ratio falls into.


MEX:HEEN
89GF Score
Euronext Athens Holding SA MEX:HEEN
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Euronext Athens Holding 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, Euronext Athens Holding's adjusted earnings per share data for the three months ended in Dec. 2025 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=1.756/122.4494*122.4494
=1.756

Current CPI (Dec. 2025) = 122.4494.

Euronext Athens Holding Quarterly Data

per share eps CPI Adj_EPS
201603 0.544 99.041 0.673
201606 0.439 100.121 0.537
201609 -0.438 99.878 -0.537
201612 -0.179 100.110 -0.219
201703 0.144 100.770 0.175
201706 0.398 101.138 0.482
201709 0.235 100.882 0.285
201712 0.345 100.762 0.419
201803 0.358 100.534 0.436
201806 0.601 102.121 0.721
201809 -0.170 101.982 -0.204
201812 0.273 101.330 0.330
201903 0.211 101.482 0.255
201906 0.597 101.837 0.718
201909 1.315 101.906 1.580
201912 0.066 102.120 0.079
202003 0.669 101.479 0.807
202006 0.308 100.239 0.376
202009 0.113 99.886 0.139
202012 0.535 99.751 0.657
202103 0.787 99.817 0.965
202106 1.237 101.270 1.496
202109 0.777 102.095 0.932
202112 0.461 104.853 0.538
202203 1.194 108.651 1.346
202206 0.749 113.517 0.808
202209 0.503 114.371 0.539
202212 0.489 112.428 0.533
202303 0.733 113.620 0.790
202306 1.038 115.515 1.100
202309 0.987 116.234 1.040
202312 0.822 116.364 0.865
202403 1.840 117.285 1.921
202406 1.184 118.129 1.227
202409 1.464 119.650 1.498
202412 1.543 119.360 1.583
202503 2.875 120.133 2.930
202506 2.239 121.399 2.258
202509 4.962 121.946 4.982
202512 1.756 122.449 1.756

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 MXN3.98 mean?
Euronext Athens Holding (MEX:HEEN) has a E10 of MXN3.98 as of Dec. 2025. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Euronext Athens Holding and its competitors.
Is Euronext Athens Holding's E10 too high?
Euronext Athens Holding's current E10 is MXN3.98. Overall, Euronext Athens Holding has a GF Score™ of 89/100, reflecting its overall financial health beyond just this single metric.
How does Euronext Athens Holding's E10 compare to SPGI and CME?
Euronext Athens Holding's E10 of MXN3.98 can be compared against companies in the Capital Markets 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 Capital Markets company?
A good E10 depends on the Capital Markets 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 Euronext Athens Holding and its competitors. Euronext Athens Holding's current E10 is MXN3.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Euronext Athens Holding stock overvalued right now?
Euronext Athens Holding (MEX:HEEN) has a current E10 of MXN3.98. The stock's GF Value™ is MXN167.89, compared to a current price of MXN148.00 — trading 11.8% below its estimated fair value. The current E10 is MXN3.98. Euronext Athens Holding's overall GF Score™ is 89/100 with 4 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 Euronext Athens Holding (MEX:HEEN), the current E10 is MXN3.98 as of Dec. 2025. 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 Euronext Athens Holding (MEX:HEEN) Overvalued in 2026?

Based on GuruFocus' analysis, Euronext Athens Holding stock appears to be undervalued. The current stock price of MXN148.00 is trading 11.8% below its estimated GF Value™ of MXN167.89.

Key valuation signals for MEX:HEEN:

  • E10: MXN3.98
  • GF Value™: MXN167.89 vs. price of MXN148.00 (11.8% below fair value)
  • GF Score™: 89/100 with 4 warning signs

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


Euronext Athens Holding Business Description

Address 110 Athinon Avenue, Athens, GRC, 10442
Euronext Athens Holding SA operates the Greek capital market, offering trading, clearing, settlement, and registry services for equities, derivatives, bonds, and energy markets.
89GF Score

Get the complete analysis for MEX:HEEN

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

MXN148.00
Price
MXN167.89
GF Value