Sea (MEX:SEN) E10: MXN-36.02 (As of Mar. 2026)


MEX:SEN Sea Ltd MEX:SEN
84 GF Score
Price MXN1,584.00
GF Value MXN2,370.57
Valuation Significantly Undervalued
! 2 Warning Signs
View Full Analysis

What is Sea E10?

Sea MEX:SEN -3.33% 84 E10 is MXN-36.02 as of Mar. 2026. GuruFocus rates MEX:SEN with a GF Score™ of 84/100 and a GF Value™ of MXN2,370.57 (Significantly Undervalued). The stock has 2 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.

Sea's adjusted earnings per share data for the three months ended in Mar. 2026 was MXN12.082. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is MXN-36.02 for the trailing ten years ended in Mar. 2026.

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.

As of today (2026-06-26), Sea's current stock price is MXN1584.00. Sea's E10 for the quarter that ended in Mar. 2026 was MXN-36.02. Sea's Shiller PE Ratio of today is .


Sea  (MEX:SEN) 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.


Sea E10 Related Terms


Sea E10 Historical Data

* Premium members only.

The historical data trend for Sea'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.

Sea E10 Chart

Sea 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 0.00 -38.11

Sea 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 0.00 0.00 -38.11 -36.02

MEX:SEN vs EBAY, DASH, JD: E10 Comparison

For the Internet Retail subindustry, Sea'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.


Sea Shiller PE Ratio vs Retail - Cyclical Industry

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

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


MEX:SEN
84GF Score
Sea Ltd MEX:SEN
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Sea 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, Sea'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)
=12.082/330.2130*330.2130
=12.082

Current CPI (Mar. 2026) = 330.2130.

Sea Quarterly Data

per share eps CPI Adj_EPS
201512 0.000 236.525 0.000
201609 -4.804 241.428 -6.571
201612 -5.699 241.432 -7.795
201703 -5.266 243.801 -7.132
201706 -5.240 244.955 -7.064
201709 -7.586 246.819 -10.149
201712 -17.676 246.524 -23.677
201803 -11.627 249.554 -15.385
201806 -14.709 251.989 -19.275
201809 -12.172 252.439 -15.922
201812 -15.904 251.233 -20.904
201903 -36.080 254.202 -46.869
201906 -12.092 256.143 -15.589
201909 -8.783 256.759 -11.296
201912 -11.693 256.974 -15.026
202003 -14.303 258.115 -18.298
202006 -19.205 257.797 -24.600
202009 -19.219 260.280 -24.383
202012 -21.086 260.474 -26.732
202103 -16.762 264.877 -20.897
202106 -16.146 271.696 -19.623
202109 -21.263 274.310 -25.596
202112 -22.976 278.802 -27.213
202203 -20.707 287.504 -23.783
202206 -33.350 296.311 -37.166
202209 -20.316 296.808 -22.603
202212 14.037 296.797 15.617
202303 2.704 301.836 2.958
202306 9.258 305.109 10.020
202309 -4.529 307.789 -4.859
202312 -3.225 306.746 -3.472
202403 -0.664 312.332 -0.702
202406 2.565 314.175 2.696
202409 4.726 315.301 4.950
202412 8.134 315.605 8.510
202503 13.298 319.799 13.731
202506 12.239 322.561 12.529
202509 10.823 324.800 11.003
202512 11.344 324.054 11.560
202603 12.082 330.213 12.082

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-36.02 mean?
Sea (MEX:SEN) has a E10 of MXN-36.02 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Sea and its competitors.
Is Sea's E10 too high?
Sea's current E10 is MXN-36.02. Overall, Sea has a GF Score™ of 84/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Sea's E10 compare to EBAY and DASH?
Sea's E10 of MXN-36.02 can be compared against companies in the Retail - Cyclical 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 - Cyclical company?
A good E10 depends on the Retail - Cyclical 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 Sea and its competitors. Sea's current E10 is MXN-36.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sea stock overvalued right now?
Based on GuruFocus' analysis, Sea (MEX:SEN) is currently considered Significantly Undervalued. The stock's GF Value™ is MXN2,370.57, compared to a current price of MXN1,584.00 — trading 33.2% below its estimated fair value. The current E10 is MXN-36.02. Sea's overall GF Score™ is 84/100 with 2 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 Sea (MEX:SEN), the current E10 is MXN-36.02 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 Sea (MEX:SEN) Overvalued in 2026?

Based on GuruFocus' analysis, Sea stock appears to be undervalued. The current stock price of MXN1,584.00 is trading 33.2% below its estimated GF Value™ of MXN2,370.57. GuruFocus considers Sea to be Significantly Undervalued.

Key valuation signals for MEX:SEN:

  • E10: MXN-36.02
  • GF Value™: MXN2,370.57 vs. price of MXN1,584.00 (33.2% below fair value)
  • GF Score™: 84/100 with 2 warning signs

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


Sea Business Description

Address 1 Fusionopolis Place, No. 17-10, Galaxis, Singapore, SGP, 138522
Sea started as a gaming business, Garena, but in 2015 expanded into e-commerce. Sea operates Southeast Asia's largest e-commerce company, Shopee, in terms of gross merchandise value. Shopee is a hybrid consumer-to-consumer and business-to-consumer marketplace platform operating in Indonesia, Taiwan, Vietnam, Thailand, Malaysia, the Philippines, and Brazil. For Garena, Free Fire is the key revenue-generating game. Sea's third business, Monee, provides lending, payment, digital banking, and insurance services. As of March 2025, Forrest Li, the founder, chair, and CEO, owned 59.1% of the voting power. Tencent owned 18.5% of issued shares with no voting power.
84GF Score

Get the complete analysis for MEX:SEN

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

MXN1,584.00
Price
MXN2,370.57
GF Value