VF (MEX:VFC) E10: MXN29.33 (As of Mar. 2026)

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Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

MEX:VFC VF Corp MEX:VFC
63 GF Score
Price MXN278.01
GF Value MXN304.38
Valuation Fairly Valued
! 4 Warning Signs
View Full Analysis

What is VF E10?

VF MEX:VFC 63 E10 is MXN29.33 as of Mar. 2026. GuruFocus rates MEX:VFC with a GF Score™ of 63/100 and a GF Value™ of MXN304.38 (Fairly Valued). 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.

VF's adjusted earnings per share data for the three months ended in Mar. 2026 was MXN-5.590. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is MXN29.33 for the trailing ten years ended in Mar. 2026.

During the past 12 months, VF's average E10 Growth Rate was -14.70% per year. During the past 3 years, the average E10 Growth Rate was -16.80% per year. During the past 5 years, the average E10 Growth Rate was -10.90% 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 VF was 18.40% per year. The lowest was -16.80% per year. And the median was 7.50% per year.

As of today (2026-07-13), VF's current stock price is MXN278.01. VF's E10 for the quarter that ended in Mar. 2026 was MXN29.33. VF's Shiller PE Ratio of today is 9.48.

During the past 13 years, the highest Shiller PE Ratio of VF was 40.61. The lowest was 5.79. And the median was 23.99.


VF  (MEX:VFC) 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.

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

Shiller PE Ratio=Share Price/E10
=278.01/29.33
=9.48

* 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 VF was 40.61. The lowest was 5.79. And the median was 23.99.


Be Aware

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


VF E10 Related Terms


VF E10 Historical Data

* Premium members only.

The historical data trend for VF'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.

VF E10 Chart

VF Annual Data
Trend Dec17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 65.61 65.87 32.55 40.12 29.33

VF 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 40.12 32.67 29.90 31.22 29.33

MEX:VFC vs KTB, LEVI, ZGN: E10 Comparison

For the Apparel Manufacturing subindustry, VF'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.


VF Shiller PE Ratio vs Manufacturing - Apparel & Accessories Industry

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

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


MEX:VFC
63GF Score
VF Corp MEX:VFC
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

VF 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, VF'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)
=-5.59/330.2130*330.2130
=-5.590

Current CPI (Mar. 2026) = 330.2130.

VF Quarterly Data

per share eps CPI Adj_EPS
201606 2.219 241.018 3.040
201609 22.429 241.428 30.677
201612 12.989 241.432 17.765
201703 9.791 243.801 13.261
201706 4.881 244.955 6.580
201709 17.604 246.819 23.552
201712 -4.517 246.524 -6.050
201803 11.446 249.554 15.145
201806 7.860 251.989 10.300
201809 23.568 252.439 30.829
201812 22.777 251.233 29.937
201903 6.207 254.202 8.063
201906 2.305 256.143 2.972
201909 31.785 256.759 40.878
201912 21.878 256.974 28.113
202003 -29.076 258.115 -37.198
202006 -16.850 257.797 -21.583
202009 14.580 260.280 18.497
202012 17.505 260.474 22.192
202103 4.701 264.877 5.861
202106 16.323 271.696 19.839
202109 24.263 274.310 29.208
202112 27.078 278.802 32.071
202203 4.181 287.504 4.802
202206 -2.817 296.311 -3.139
202209 -6.236 296.808 -6.938
202212 25.540 296.797 28.416
202303 -9.914 301.836 -10.846
202306 -2.572 305.109 -2.784
202309 -20.206 307.789 -21.678
202312 -1.867 306.746 -2.010
202403 -17.924 312.332 -18.950
202406 -12.274 314.175 -12.901
202409 2.560 315.301 2.681
202412 8.968 315.605 9.383
202503 -7.979 319.799 -8.239
202506 -5.649 322.561 -5.783
202509 8.805 324.800 8.952
202512 13.684 324.054 13.944
202603 -5.590 330.213 -5.590

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 MXN29.33 mean?
VF (MEX:VFC) has a E10 of MXN29.33 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on VF and its competitors.
Is VF's E10 too high?
VF's current E10 is MXN29.33. Overall, VF has a GF Score™ of 63/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does VF's E10 compare to KTB and LEVI?
VF's E10 of MXN29.33 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 VF and its competitors. VF's current E10 is MXN29.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is VF stock overvalued right now?
Based on GuruFocus' analysis, VF (MEX:VFC) is currently considered Fairly Valued. The stock's GF Value™ is MXN304.38, compared to a current price of MXN278.01 — trading 8.7% below its estimated fair value. The current E10 is MXN29.33. VF's overall GF Score™ is 63/100 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 VF (MEX:VFC), the current E10 is MXN29.33 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 VF (MEX:VFC) Overvalued in 2026?

Based on GuruFocus' analysis, VF stock appears to be undervalued. The current stock price of MXN278.01 is trading 8.7% below its estimated GF Value™ of MXN304.38. GuruFocus considers VF to be Fairly Valued.

Key valuation signals for MEX:VFC:

  • E10: MXN29.33
  • GF Value™: MXN304.38 vs. price of MXN278.01 (8.7% below fair value)
  • GF Score™: 63/100 with 4 warning signs

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


VF Business Description

Address 1551 Wewatta Street, Denver, CO, USA, 80202
VF designs, produces, and distributes branded apparel, footwear, and accessories. Its apparel categories are active, outdoor, and work. Its portfolio of 10 brands includes Vans, The North Face, Timberland, and Altra. VF markets its products in the Americas, Europe, and Asia-Pacific through wholesale sales to retailers, e-commerce, and branded stores owned by the company and partners. Tracing its roots to 1899, the company has evolved through many brand acquisitions and divestitures.
63GF Score

Get the complete analysis for MEX:VFC

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

MXN278.01
Price
MXN304.38
GF Value