Metro (MEX:MRUN) E10: MXN50.81 (As of Mar. 2026)


MEX:MRUN Metro Inc MEX:MRUN
84 GF Score
Price MXN1,065.12
GF Value MXN1,104.00
View Full Analysis

What is Metro E10?

Metro MEX:MRUN 84 E10 is MXN50.81 as of Mar. 2026. GuruFocus rates MEX:MRUN with a GF Score™ of 84/100 and a GF Value™ of MXN1,104.00.

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.

Metro's adjusted earnings per share data for the three months ended in Mar. 2026 was MXN15.246. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is MXN50.81 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Metro's average E10 Growth Rate was 6.60% per year. During the past 3 years, the average E10 Growth Rate was 7.10% per year. During the past 5 years, the average E10 Growth Rate was 8.70% per year. During the past 10 years, the average E10 Growth Rate was 11.90% 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 Metro was 19.90% per year. The lowest was 7.10% per year. And the median was 13.15% per year.

As of today (2026-06-26), Metro's current stock price is MXN1065.12. Metro's E10 for the quarter that ended in Mar. 2026 was MXN50.81. Metro's Shiller PE Ratio of today is 20.96.

During the past 13 years, the highest Shiller PE Ratio of Metro was 29.90. The lowest was 15.92. And the median was 20.41.


Metro  (MEX:MRUN) 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.

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

Shiller PE Ratio=Share Price/E10
=1065.12/50.81
=20.96

* 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 Metro was 29.90. The lowest was 15.92. And the median was 20.41.


Be Aware

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


Metro E10 Related Terms


Metro E10 Historical Data

* Premium members only.

The historical data trend for Metro'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.

Metro E10 Chart

Metro Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 54.97 57.98 50.96 50.03

Metro 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 45.34 43.31 50.03 47.76 50.81

MEX:MRUN vs KR, SFM, ACI: E10 Comparison

For the Grocery Stores subindustry, Metro'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.


Metro Shiller PE Ratio vs Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Metro's Shiller PE Ratio distribution charts can be found below:

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


MEX:MRUN
84GF Score
Metro Inc MEX:MRUN
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Metro 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, Metro'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)
=15.246/132.2623*132.2623
=15.246

Current CPI (Mar. 2026) = 132.2623.

Metro Quarterly Data

per share eps CPI Adj_EPS
201606 10.327 102.002 13.391
201609 8.851 101.765 11.504
201612 8.965 101.449 11.688
201703 7.876 102.634 10.150
201706 10.605 103.029 13.614
201709 9.755 103.345 12.485
201712 87.208 103.345 111.610
201803 6.602 105.004 8.316
201806 10.330 105.557 12.943
201809 6.601 105.636 8.265
201812 11.545 105.399 14.488
201903 6.819 106.979 8.431
201906 12.431 107.690 15.267
201909 9.840 107.611 12.094
201912 9.595 107.769 11.776
202003 11.590 107.927 14.203
202006 17.714 108.401 21.613
202009 12.356 108.164 15.109
202012 11.803 108.559 14.380
202103 12.197 110.298 14.626
202106 16.778 111.720 19.863
202109 12.820 112.905 15.018
202112 13.623 113.774 15.837
202203 12.897 117.646 14.499
202206 17.912 120.806 19.611
202209 10.556 120.648 11.572
202212 13.921 120.964 15.221
202303 12.251 122.702 13.206
202306 19.227 124.203 20.475
202309 12.358 125.230 13.052
202312 12.526 125.072 13.246
202403 10.176 126.258 10.660
202406 17.511 127.522 18.162
202409 14.245 127.285 14.802
202412 16.981 127.364 17.634
202503 14.108 129.181 14.445
202506 20.389 129.892 20.761
202509 13.260 130.287 13.461
202512 13.705 130.366 13.904
202603 15.246 132.262 15.246

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 MXN50.81 mean?
Metro (MEX:MRUN) has a E10 of MXN50.81 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Metro and its competitors.
Is Metro's E10 too high?
Metro's current E10 is MXN50.81. Overall, Metro has a GF Score™ of 84/100, reflecting its overall financial health beyond just this single metric.
How does Metro's E10 compare to KR and SFM?
Metro's E10 of MXN50.81 can be compared against companies in the Retail - Defensive 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 Retail - Defensive company?
A good E10 depends on the Retail - Defensive 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 Metro and its competitors. Metro's current E10 is MXN50.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Metro stock overvalued right now?
Metro (MEX:MRUN) has a current E10 of MXN50.81. The stock's GF Value™ is MXN1,104.00, compared to a current price of MXN1,065.12 — trading 3.5% below its estimated fair value. The current E10 is MXN50.81. Metro's overall GF Score™ is 84/100. 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 Metro (MEX:MRUN), the current E10 is MXN50.81 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 Metro (MEX:MRUN) Overvalued in 2026?

Based on GuruFocus' analysis, Metro stock appears to be undervalued. The current stock price of MXN1,065.12 is trading 3.5% below its estimated GF Value™ of MXN1,104.00.

Key valuation signals for MEX:MRUN:

  • E10: MXN50.81
  • GF Value™: MXN1,104.00 vs. price of MXN1,065.12 (3.5% below fair value)
  • GF Score™: 84/100

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


Metro Business Description

Address 11011 Maurice-Duplessis, Finances, Montreal, Montreal, QC, CAN, H1C 1V6
Metro is the third-largest grocery retailer in Canada (behind Loblaws and Sobeys) and also owns the top pharmacy chain in Quebec, Jean Coutu, following the 2018 acquisition. Its grocery banners include supermarket chain Metro, discounters Super C and Food Basics, and ethnic food grocer Adonis, while its pharmacies primarily operate under the Jean Coutu and Brunet trademarks. Metro operates both as a food retailer and a franchisor, licensing its trademarks and supplying merchandise to registered pharmacists. The firm also acts as a wholesaler and distributor to serve smaller, neighborhood grocery stores. Unlike peers Loblaws and Sobeys that operate chain stores across Canada, Metro's operations are concentrated in Quebec and Ontario, with no presence in western Canada.
84GF Score

Get the complete analysis for MEX:MRUN

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

MXN1,065.12
Price
MXN1,104.00
GF Value