Tecnicas Reunidas (MEX:TREN) E10: MXN2.45 (As of Jun. 2026)

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Director of Data and Quant Analytics at GuruFocus
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MEX:TREN Tecnicas Reunidas SA MEX:TREN
64 GF Score
Price MXN244.58
GF Value MXN189.54
! 2 Warning Signs
View Full Analysis

What is Tecnicas Reunidas E10?

Tecnicas Reunidas MEX:TREN 64 E10 is MXN2.45 as of Jun. 2026. GuruFocus rates MEX:TREN with a GF Score™ of 64/100 and a GF Value™ of MXN189.54. 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.

Tecnicas Reunidas's adjusted earnings per share data for the three months ended in Jun. 2026 was MXN11.435. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is MXN2.45 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Tecnicas Reunidas's average E10 Growth Rate was 52.60% per year. During the past 3 years, the average E10 Growth Rate was -16.00% per year. During the past 5 years, the average E10 Growth Rate was -26.10% 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 Tecnicas Reunidas was -16.00% per year. The lowest was -32.00% per year. And the median was -27.40% per year.

As of today (2026-08-15), Tecnicas Reunidas's current stock price is MXN244.58. Tecnicas Reunidas's E10 for the quarter that ended in Jun. 2026 was MXN2.45. Tecnicas Reunidas's Shiller PE Ratio of today is 99.83.

During the past 13 years, the highest Shiller PE Ratio of Tecnicas Reunidas was 187.53. The lowest was 4.56. And the median was 13.06.


Tecnicas Reunidas  (MEX:TREN) 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.

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

Shiller PE Ratio=Share Price/E10
=244.58/2.45
=99.83

* 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 Tecnicas Reunidas was 187.53. The lowest was 4.56. And the median was 13.06.


Be Aware

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


Tecnicas Reunidas E10 Related Terms


Tecnicas Reunidas E10 Historical Data

* Premium members only.

The historical data trend for Tecnicas Reunidas'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.

Tecnicas Reunidas E10 Chart

Tecnicas Reunidas 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 29.14 10.91 7.96 5.88 3.10

Tecnicas Reunidas Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 2.37 1.57 3.10 2.49 2.45

MEX:TREN vs PWR, FIX, EME: E10 Comparison

For the Engineering & Construction subindustry, Tecnicas Reunidas'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.


Tecnicas Reunidas Shiller PE Ratio vs Construction Industry

For the Construction industry and Industrials sector, Tecnicas Reunidas's Shiller PE Ratio distribution charts can be found below:

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


MEX:TREN
64GF Score
Tecnicas Reunidas SA MEX:TREN
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tecnicas Reunidas 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, Tecnicas Reunidas'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)
=11.435/131.3300*131.3300
=11.435

Current CPI (Jun. 2026) = 131.3300.

Tecnicas Reunidas Quarterly Data

per share eps CPI Adj_EPS
201609 13.176 99.737 17.350
201612 10.214 101.842 13.171
201703 9.577 100.896 12.466
201706 10.115 101.848 13.043
201709 -6.640 101.524 -8.589
201712 0.169 102.975 0.216
201803 0.115 102.122 0.148
201806 2.033 104.165 2.563
201809 -0.742 103.818 -0.939
201812 3.230 104.193 4.071
201903 1.497 103.488 1.900
201906 3.465 104.612 4.350
201909 3.837 103.905 4.850
201912 -11.774 105.015 -14.724
202003 3.138 103.469 3.983
202006 2.037 104.254 2.566
202009 -1.950 103.521 -2.474
202012 1.548 104.456 1.946
202103 -24.750 104.857 -30.998
202106 -42.134 107.102 -51.665
202109 2.778 107.669 3.388
202112 -13.716 111.298 -16.185
202203 0.412 115.153 0.470
202206 -25.399 118.044 -28.258
202209 6.880 117.221 7.708
202212 4.042 117.650 4.512
202303 6.456 118.948 7.128
202306 4.973 120.278 5.430
202309 0.475 121.343 0.514
202312 4.374 121.300 4.736
202403 4.737 122.762 5.068
202406 5.441 124.409 5.744
202409 6.621 123.121 7.062
202412 6.778 124.753 7.135
202503 7.700 125.531 8.056
202506 8.613 127.251 8.889
202509 13.429 126.840 13.904
202512 13.452 128.400 13.759
202603 3.979 129.860 4.024
202606 11.435 131.330 11.435

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 MXN2.45 mean?
Tecnicas Reunidas (MEX:TREN) has a E10 of MXN2.45 as of Jun. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Tecnicas Reunidas and its competitors.
Is Tecnicas Reunidas' E10 too high?
Tecnicas Reunidas' current E10 is MXN2.45. Overall, Tecnicas Reunidas has a GF Score™ of 64/100, reflecting its overall financial health beyond just this single metric.
How does Tecnicas Reunidas' E10 compare to PWR and FIX?
Tecnicas Reunidas' E10 of MXN2.45 can be compared against companies in the Construction 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 Construction company?
A good E10 depends on the Construction 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 Tecnicas Reunidas and its competitors. Tecnicas Reunidas's current E10 is MXN2.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tecnicas Reunidas stock overvalued right now?
Tecnicas Reunidas (MEX:TREN) has a current E10 of MXN2.45. The stock's GF Value™ is MXN189.54, compared to a current price of MXN244.58 — trading 29% above its estimated fair value. The current E10 is MXN2.45. Tecnicas Reunidas' overall GF Score™ is 64/100 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 Tecnicas Reunidas (MEX:TREN), the current E10 is MXN2.45 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 Tecnicas Reunidas (MEX:TREN) Overvalued in 2026?

Based on GuruFocus' analysis, Tecnicas Reunidas stock appears to be overvalued. The current stock price of MXN244.58 is trading 29% above its estimated GF Value™ of MXN189.54.

Key valuation signals for MEX:TREN:

  • E10: MXN2.45
  • GF Value™: MXN189.54 vs. price of MXN244.58 (29% above fair value)
  • GF Score™: 64/100 with 2 warning signs

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


Tecnicas Reunidas Business Description

Address Arapiles Street, 14, Madrid, ESP, 28015
Tecnicas Reunidas SA is a general contracting company. It engages in engineering, design and construction of industrial facilities for international customers including principal national oil companies and multinational companies. The firm's majority of business is focused on large turnkey industrial projects and it also offers engineering, management, start-up and operating services for industrial plants. Its business areas are oil and gas, power, infrastructures and industries. The company mainly operates in Spain, Middle East, Latin America, Asia and the Mediterranean region.
64GF Score

Get the complete analysis for MEX:TREN

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

MXN244.58
Price
MXN189.54
GF Value