TTM Technologies (MEX:TTMI) E10: MXN18.70 (As of Mar. 2026)


MEX:TTMI TTM Technologies Inc MEX:TTMI
50 GF Score
Price MXN3,538.60
GF Value MXN520.87
Valuation Significantly Overvalued
! 2 Warning Signs
View Full Analysis

What is TTM Technologies E10?

TTM Technologies MEX:TTMI 50 E10 is MXN18.70 as of Mar. 2026. GuruFocus rates MEX:TTMI with a GF Score™ of 50/100 and a GF Value™ of MXN520.87 (Significantly Overvalued). 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.

TTM Technologies's adjusted earnings per share data for the three months ended in Mar. 2026 was MXN8.475. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is MXN18.70 for the trailing ten years ended in Mar. 2026.

During the past 12 months, TTM Technologies's average E10 Growth Rate was 34.60% per year. During the past 3 years, the average E10 Growth Rate was 10.40% per year. During the past 5 years, the average E10 Growth Rate was 24.50% 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 TTM Technologies was 58.70% per year. The lowest was -37.00% per year. And the median was 11.35% per year.

As of today (2026-07-06), TTM Technologies's current stock price is MXN3538.60. TTM Technologies's E10 for the quarter that ended in Mar. 2026 was MXN18.70. TTM Technologies's Shiller PE Ratio of today is 189.23.

During the past 13 years, the highest Shiller PE Ratio of TTM Technologies was 1876.00. The lowest was 16.18. And the median was 41.24.


TTM Technologies  (MEX:TTMI) 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.

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

Shiller PE Ratio=Share Price/E10
=3538.60/18.70
=189.23

* 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 TTM Technologies was 1876.00. The lowest was 16.18. And the median was 41.24.


Be Aware

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


TTM Technologies E10 Related Terms


TTM Technologies E10 Historical Data

* Premium members only.

The historical data trend for TTM Technologies'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.

TTM Technologies E10 Chart

TTM Technologies 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 0.00

TTM Technologies 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 0.00 18.70

MEX:TTMI vs FN, VICR, SANM: E10 Comparison

For the Electronic Components subindustry, TTM Technologies'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.


TTM Technologies Shiller PE Ratio vs Hardware Industry

For the Hardware industry and Technology sector, TTM Technologies's Shiller PE Ratio distribution charts can be found below:

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


MEX:TTMI
50GF Score
TTM Technologies Inc MEX:TTMI
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

TTM Technologies 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, TTM Technologies'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)
=8.475/330.2130*330.2130
=8.475

Current CPI (Mar. 2026) = 330.2130.

TTM Technologies Quarterly Data

per share eps CPI Adj_EPS
201606 3.144 241.018 4.308
201609 4.447 241.428 6.082
201612 -0.412 241.432 -0.564
201703 5.272 243.801 7.141
201706 3.254 244.955 4.387
201709 3.448 246.819 4.613
201712 7.856 246.524 10.523
201803 1.635 249.554 2.163
201806 12.772 251.989 16.737
201809 4.115 252.439 5.383
201812 8.247 251.233 10.840
201903 -0.582 254.202 -0.756
201906 0.576 256.143 0.743
201909 2.961 256.759 3.808
201912 3.961 256.974 5.090
202003 -0.234 258.115 -0.299
202006 39.009 257.797 49.967
202009 -8.615 260.280 -10.930
202012 6.763 260.474 8.574
202103 -0.613 264.877 -0.764
202106 5.176 271.696 6.291
202109 3.907 274.310 4.703
202112 1.641 278.802 1.944
202203 3.385 287.504 3.888
202206 5.432 296.311 6.053
202209 8.448 296.808 9.399
202212 1.170 296.797 1.302
202303 -1.081 301.836 -1.183
202306 1.200 305.109 1.299
202309 -6.271 307.789 -6.728
202312 2.886 306.746 3.107
202403 1.660 312.332 1.755
202406 4.580 314.175 4.814
202409 2.757 315.301 2.887
202412 1.043 315.605 1.091
202503 6.342 319.799 6.549
202506 7.532 322.561 7.711
202509 9.172 324.800 9.325
202512 8.643 324.054 8.807
202603 8.475 330.213 8.475

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 MXN18.70 mean?
TTM Technologies (MEX:TTMI) has a E10 of MXN18.70 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on TTM Technologies and its competitors.
Is TTM Technologies' E10 too high?
TTM Technologies' current E10 is MXN18.70. Overall, TTM Technologies has a GF Score™ of 50/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does TTM Technologies' E10 compare to FN and VICR?
TTM Technologies' E10 of MXN18.70 can be compared against companies in the Hardware 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 Hardware company?
A good E10 depends on the Hardware 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 TTM Technologies and its competitors. TTM Technologies's current E10 is MXN18.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TTM Technologies stock overvalued right now?
Based on GuruFocus' analysis, TTM Technologies (MEX:TTMI) is currently considered Significantly Overvalued. The stock's GF Value™ is MXN520.87, compared to a current price of MXN3,538.60 — trading 579.4% above its estimated fair value. The current E10 is MXN18.70. TTM Technologies' overall GF Score™ is 50/100 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 TTM Technologies (MEX:TTMI), the current E10 is MXN18.70 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 TTM Technologies (MEX:TTMI) Overvalued in 2026?

Based on GuruFocus' analysis, TTM Technologies stock appears to be overvalued. The current stock price of MXN3,538.60 is trading 579.4% above its estimated GF Value™ of MXN520.87. GuruFocus considers TTM Technologies to be Significantly Overvalued.

Key valuation signals for MEX:TTMI:

  • E10: MXN18.70
  • GF Value™: MXN520.87 vs. price of MXN3,538.60 (579.4% above fair value)
  • GF Score™: 50/100 with 2 warning signs

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


TTM Technologies Business Description

Address 200 East Sandpointe, Suite 400, Santa Ana, CA, USA, 92707
TTM Technologies Inc manufactures technology products, including mission systems, RF components, RF/microwave assemblies, and advanced interconnect products such as PCBs and substrates. It operates through three segments: A&D, Commercial, and RF&S Components. The A&D segment supports aerospace and defense missions with PCBs, assemblies, microelectronics, and integrated systems. The Commercial segment, generating the majority of revenue, serves automotive, medical, industrial, and data center markets. The RF&S Components segment provides TTM-designed RF components and COTS products. The Company's revenues come from PCBs, engineered systems, and long-term contracts for intelligence, surveillance, and communications solutions.
50GF Score

Get the complete analysis for MEX:TTMI

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

MXN3,538.60
Price
MXN520.87
GF Value