Puma SE (MEX:PUM N) E10: MXN24.84 (As of Mar. 2026)


MEX:PUM N Puma SE MEX:PUM N
72 GF Score
Price MXN475.90
GF Value MXN576.23
! 9 Warning Signs
View Full Analysis

What is Puma SE E10?

Puma SE MEX:PUM N 72 E10 is MXN24.84 as of Mar. 2026. GuruFocus rates MEX:PUM N with a GF Score™ of 72/100 and a GF Value™ of MXN576.23. The stock has 9 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.

Puma SE's adjusted earnings per share data for the three months ended in Mar. 2026 was MXN3.752. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is MXN24.84 for the trailing ten years ended in Mar. 2026.

During the past 3 years, the average E10 Growth Rate was 0.90% 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 Puma SE was 22.00% per year. The lowest was 0.90% per year. And the median was 4.20% per year.

As of today (2026-06-28), Puma SE's current stock price is MXN475.90. Puma SE's E10 for the quarter that ended in Mar. 2026 was MXN24.84. Puma SE's Shiller PE Ratio of today is 19.16.

During the past 13 years, the highest Shiller PE Ratio of Puma SE was 131.84. The lowest was 11.41. And the median was 53.18.


Puma SE  (MEX:PUM N) 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.

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

Shiller PE Ratio=Share Price/E10
=475.90/24.84
=19.16

* 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 Puma SE was 131.84. The lowest was 11.41. And the median was 53.18.


Be Aware

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


Puma SE E10 Related Terms


Puma SE E10 Historical Data

* Premium members only.

The historical data trend for Puma SE'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.

Puma SE E10 Chart

Puma SE 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 19.81 19.10 0.00 26.69 23.98

Puma SE 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 0.00 46.82 30.43 23.98 24.84

MEX:PUM N vs NKE, DECK, ONON: E10 Comparison

For the Footwear & Accessories subindustry, Puma SE'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.


Puma SE Shiller PE Ratio vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Puma SE's Shiller PE Ratio distribution charts can be found below:

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


MEX:PUM N
72GF Score
Puma SE MEX:PUM N
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Puma SE 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, Puma SE'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)
=3.752/131.2583*131.2583
=3.752

Current CPI (Mar. 2026) = 131.2583.

Puma SE Quarterly Data

per share eps CPI Adj_EPS
201606 0.229 100.717 0.298
201609 5.729 101.017 7.444
201612 -0.674 101.217 -0.874
201703 6.686 101.417 8.653
201706 2.965 102.117 3.811
201709 8.998 102.717 11.498
201712 0.349 102.617 0.446
201803 10.103 102.917 12.885
201806 4.821 104.017 6.084
201809 11.350 104.718 14.227
201812 1.564 104.217 1.970
201903 13.809 104.217 17.392
201906 7.163 105.718 8.894
201909 14.567 106.018 18.035
201912 2.515 105.818 3.120
202003 6.218 105.718 7.720
202006 -16.636 106.618 -20.481
202009 19.775 105.818 24.529
202012 4.114 105.518 5.118
202103 17.764 107.518 21.686
202106 7.914 108.486 9.575
202109 23.223 109.435 27.854
202112 1.159 110.384 1.378
202203 17.762 113.968 20.457
202206 11.909 115.760 13.503
202209 19.518 118.818 21.562
202212 0.207 119.345 0.228
202303 15.053 122.402 16.142
202306 6.872 123.140 7.325
202309 16.359 124.195 17.289
202312 0.000 123.773 0.000
202403 10.463 125.038 10.983
202406 5.522 125.882 5.758
202409 18.576 126.198 19.321
202412 3.713 127.041 3.836
202503 0.000 127.779 0.000
202506 -36.268 128.412 -37.072
202509 -9.043 129.255 -9.183
202512 -48.282 129.361 -48.990
202603 3.752 131.258 3.752

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 MXN24.84 mean?
Puma SE (MEX:PUM N) has a E10 of MXN24.84 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Puma SE and its competitors.
Is Puma SE's E10 too high?
Puma SE's current E10 is MXN24.84. Overall, Puma SE has a GF Score™ of 72/100, reflecting its overall financial health beyond just this single metric.
How does Puma SE's E10 compare to NKE and DECK?
Puma SE's E10 of MXN24.84 can be compared against companies in the Manufacturing - Apparel & Accessories 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 Manufacturing - Apparel & Accessories company?
A good E10 depends on the Manufacturing - Apparel & Accessories 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 Puma SE and its competitors. Puma SE's current E10 is MXN24.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Puma SE stock overvalued right now?
Puma SE (MEX:PUM N) has a current E10 of MXN24.84. The stock's GF Value™ is MXN576.23, compared to a current price of MXN475.90 — trading 17.4% below its estimated fair value. The current E10 is MXN24.84. Puma SE's overall GF Score™ is 72/100 with 9 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 Puma SE (MEX:PUM N), the current E10 is MXN24.84 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 Puma SE (MEX:PUM N) Overvalued in 2026?

Based on GuruFocus' analysis, Puma SE stock appears to be undervalued. The current stock price of MXN475.90 is trading 17.4% below its estimated GF Value™ of MXN576.23.

Key valuation signals for MEX:PUM N:

  • E10: MXN24.84
  • GF Value™: MXN576.23 vs. price of MXN475.90 (17.4% below fair value)
  • GF Score™: 72/100 with 9 warning signs

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


Puma SE Business Description

Address Puma Way 1, Herzogenaurach, BY, DEU, 91074
Puma designs and markets footwear, apparel, and accessories under its own name and golf clubs and golf accessories under the Cobra Golf name. Footwear (56% of 2025 sales) is its largest category, followed by apparel (32%) and accessories (12%). Puma also licenses its name for fragrances, eyewear, and watches. Most of its sales are through wholesale partners (68% of 2025 sales), with the rest through approximately 1,000 owned retail and outlet stores and online channels. The company's products are sold in Europe, the Middle East, and Africa (43% of 2025 sales), the Americas (35%), and Asia-Pacific (22%). China-based competitor Anta is in the process of acquiring 29% of Puma's outstanding shares.
72GF Score

Get the complete analysis for MEX:PUM N

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

MXN475.90
Price
MXN576.23
GF Value