Puma SE (MEX:PUM N) E10: MXN (As of Jun. 2026)

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Director of Data and Quant Analytics at GuruFocus
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MEX:PUM N Puma SE MEX:PUM N
73 GF Score
Price MXN475.90
GF Value MXN607.33
! 4 Warning Signs
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What is Puma SE E10?

Puma SE MEX:PUM N 73 E10 is MXN as of Jun. 2026. GuruFocus rates MEX:PUM N with a GF Score™ of 73/100 and a GF Value™ of MXN607.33. 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.

Puma SE's adjusted earnings per share data for the three months ended in Jun. 2026 was MXN-10.001. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is MXN for the trailing ten years ended in Jun. 2026.

During the past 12 months, Puma SE's average E10 Growth Rate was -23.10% per year. 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 (2026-09-21), Puma SE's current stock price is MXN475.90. Puma SE's E10 for the quarter that ended in Jun. 2026 was MXN. Puma SE's Shiller PE Ratio of today is .

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.

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
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Puma SE Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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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
73GF 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 Jun. 2026 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=-10.0007/131.3638*131.3638
=-10.001

Current CPI (Jun. 2026) = 131.3638.

Puma SE Quarterly Data

per share eps CPI Adj_EPS
201609 5.526 101.017 7.186
201612 -0.663 101.217 -0.861
201703 7.184 101.417 9.305
201706 2.980 102.117 3.834
201709 8.707 102.717 11.135
201712 0.335 102.617 0.429
201803 10.382 102.917 13.252
201806 4.809 104.017 6.073
201809 11.436 104.718 14.346
201812 2.375 104.217 2.994
201903 13.767 104.217 17.353
201906 7.144 105.718 8.877
201909 14.522 106.018 17.994
201912 2.537 105.818 3.150
202003 5.346 105.718 6.642
202006 -16.421 106.618 -20.233
202009 19.613 105.818 24.347
202012 4.047 105.518 5.038
202103 17.900 107.518 21.870
202106 7.853 108.486 9.509
202109 22.699 109.435 27.248
202112 1.186 110.384 1.412
202203 18.666 113.968 21.515
202206 11.967 115.760 13.580
202209 19.954 118.818 22.061
202212 0.188 119.345 0.207
202303 15.675 122.402 16.822
202306 7.074 123.140 7.547
202309 16.326 124.195 17.268
202312 0.103 123.773 0.109
202403 10.737 125.038 11.280
202406 5.198 125.882 5.424
202409 17.772 126.198 18.500
202412 3.556 127.041 3.677
202503 0.072 127.779 0.074
202506 -37.031 128.412 -37.883
202509 -9.199 129.255 -9.349
202512 -48.434 129.361 -49.184
202603 3.694 131.258 3.697
202606 -10.001 131.364 -10.001

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 mean?
Puma SE (MEX:PUM N) has a E10 of MXN as of Jun. 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 MXN. Overall, Puma SE has a GF Score™ of 73/100, 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 MXN 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 MXN. 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 MXN. The stock's GF Value™ is MXN607.33, compared to a current price of MXN475.90 — trading 21.6% below its estimated fair value. The current E10 is MXN. Puma SE's overall GF Score™ is 73/100 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 Puma SE (MEX:PUM N), the current E10 is MXN 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 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 21.6% below its estimated GF Value™ of MXN607.33.

Key valuation signals for MEX:PUM N:

  • E10: MXN
  • GF Value™: MXN607.33 vs. price of MXN475.90 (21.6% below fair value)
  • GF Score™: 73/100 with 4 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.
73GF 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
MXN607.33
GF Value