Magnite (MEX:MGNI) E10: MXN-21.68 (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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Charlie Tian
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:MGNI Magnite Inc MEX:MGNI
69 GF Score
Price MXN360.00
GF Value MXN267.92
Valuation Fairly Valued
! 6 Warning Signs
View Full Analysis

What is Magnite E10?

Magnite MEX:MGNI 69 E10 is MXN-21.68 as of Mar. 2026. GuruFocus rates MEX:MGNI with a GF Score™ of 69/100 and a GF Value™ of MXN267.92 (Fairly Valued). The stock has 6 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.

Magnite's adjusted earnings per share data for the three months ended in Mar. 2026 was MXN0.541. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is MXN-21.68 for the trailing ten years ended in Mar. 2026.

During the past 3 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 Magnite was 1.80% per year. The lowest was 1.80% per year. And the median was 1.80% per year.

As of today (2026-07-18), Magnite's current stock price is MXN360.00. Magnite's E10 for the quarter that ended in Mar. 2026 was MXN-21.68. Magnite's Shiller PE Ratio of today is .


Magnite  (MEX:MGNI) 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.


Be Aware

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


Magnite E10 Related Terms


Magnite E10 Historical Data

* Premium members only.

The historical data trend for Magnite'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.

Magnite E10 Chart

Magnite 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 -17.94 -19.44 -14.97 -15.53

Magnite 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 -31.01 -12.47 -17.23 -15.53 -21.68

MEX:MGNI vs ZD, STGW, DV: E10 Comparison

For the Advertising Agencies subindustry, Magnite'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.


Magnite Shiller PE Ratio vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Magnite's Shiller PE Ratio distribution charts can be found below:

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


MEX:MGNI
69GF Score
Magnite Inc MEX:MGNI
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Magnite 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, Magnite'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)
=0.541/330.2130*330.2130
=0.541

Current CPI (Mar. 2026) = 330.2130.

Magnite Quarterly Data

per share eps CPI Adj_EPS
201606 -1.110 241.018 -1.521
201609 1.353 241.428 1.851
201612 -9.071 241.432 -12.407
201703 -6.214 243.801 -8.416
201706 -4.338 244.955 -5.848
201709 -38.292 246.819 -51.230
201712 -9.427 246.524 -12.627
201803 -10.174 249.554 -13.462
201806 -7.074 251.989 -9.270
201809 -5.050 252.439 -6.606
201812 -0.785 251.233 -1.032
201903 -4.656 254.202 -6.048
201906 -3.073 256.143 -3.962
201909 -2.369 256.759 -3.047
201912 0.566 256.974 0.727
202003 -4.221 258.115 -5.400
202006 -8.310 257.797 -10.644
202009 -2.209 260.280 -2.803
202012 0.995 260.474 1.261
202103 -2.249 264.877 -2.804
202106 5.176 271.696 6.291
202109 -3.701 274.310 -4.455
202112 0.067 278.802 0.079
202203 -6.770 287.504 -7.776
202206 -3.822 296.311 -4.259
202209 -3.621 296.808 -4.029
202212 -5.264 296.797 -5.857
202303 -13.158 301.836 -14.395
202306 -9.258 305.109 -10.020
202309 -2.264 307.789 -2.429
202312 2.716 306.746 2.924
202403 -2.158 312.332 -2.282
202406 -0.183 314.175 -0.192
202409 0.788 315.301 0.825
202412 5.005 315.605 5.237
202503 -1.432 319.799 -1.479
202506 1.506 322.561 1.542
202509 2.385 324.800 2.425
202512 14.405 324.054 14.679
202603 0.541 330.213 0.541

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-21.68 mean?
Magnite (MEX:MGNI) has a E10 of MXN-21.68 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Magnite and its competitors.
Is Magnite's E10 too high?
Magnite's current E10 is MXN-21.68. Overall, Magnite has a GF Score™ of 69/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Magnite's E10 compare to ZD and STGW?
Magnite's E10 of MXN-21.68 can be compared against companies in the Media - Diversified 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 Media - Diversified company?
A good E10 depends on the Media - Diversified 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 Magnite and its competitors. Magnite's current E10 is MXN-21.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Magnite stock overvalued right now?
Based on GuruFocus' analysis, Magnite (MEX:MGNI) is currently considered Fairly Valued. The stock's GF Value™ is MXN267.92, compared to a current price of MXN360.00 — trading 34.4% above its estimated fair value. The current E10 is MXN-21.68. Magnite's overall GF Score™ is 69/100 with 6 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 Magnite (MEX:MGNI), the current E10 is MXN-21.68 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 Magnite (MEX:MGNI) Overvalued in 2026?

Based on GuruFocus' analysis, Magnite stock appears to be overvalued. The current stock price of MXN360.00 is trading 34.4% above its estimated GF Value™ of MXN267.92. GuruFocus considers Magnite to be Fairly Valued.

Key valuation signals for MEX:MGNI:

  • E10: MXN-21.68
  • GF Value™: MXN267.92 vs. price of MXN360.00 (34.4% above fair value)
  • GF Score™: 69/100 with 6 warning signs

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


Magnite Business Description

Address 1250 Broadway, 9th Floor, New York, NY, USA, 10001
Magnite is a supply-side advertising platform that provides technology and yield management solutions to content publishers, enabling them to monetize their digital advertising inventory. Magnite receives a percentage of all advertising inventory that it sells. 43% of Magnite's revenue is derived from connected television, or CTV, streaming platforms, 40% from mobile applications, and the remainder from general websites. Beyond the typical monetization responsibilities inherent to an SSP, Magnite also provides upstream advertising servers to CTV publishers, allowing them to have granular control over direct-sold, programmatic guaranteed, and open-auction logic. Magnite competes with other independent SSPs, supply path optimization solutions, and closed ecosystems like Meta.
69GF Score

Get the complete analysis for MEX:MGNI

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

MXN360.00
Price
MXN267.92
GF Value