Vulcan Materials Co (MEX:VMC) E10: MXN107.10 (As of Mar. 2026)

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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:VMC Vulcan Materials Co MEX:VMC
65 GF Score
Price MXN5,292.00
GF Value MXN4,734.25
Valuation Modestly Overvalued
! 2 Warning Signs
View Full Analysis

What is Vulcan Materials Co E10?

Vulcan Materials Co MEX:VMC 65 E10 is MXN107.10 as of Mar. 2026. GuruFocus rates MEX:VMC with a GF Score™ of 65/100 and a GF Value™ of MXN4,734.25 (Modestly 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.

Vulcan Materials Co's adjusted earnings per share data for the three months ended in Mar. 2026 was MXN22.721. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is MXN107.10 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Vulcan Materials Co's average E10 Growth Rate was 13.20% per year. During the past 3 years, the average E10 Growth Rate was 16.10% per year. During the past 5 years, the average E10 Growth Rate was 19.80% per year. During the past 10 years, the average E10 Growth Rate was 22.00% 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 Vulcan Materials Co was 36.30% per year. The lowest was -16.00% per year. And the median was 8.60% per year.

As of today (2026-07-20), Vulcan Materials Co's current stock price is MXN5292.00. Vulcan Materials Co's E10 for the quarter that ended in Mar. 2026 was MXN107.10. Vulcan Materials Co's Shiller PE Ratio of today is 49.41.

During the past 13 years, the highest Shiller PE Ratio of Vulcan Materials Co was 162.49. The lowest was 39.58. And the median was 60.53.


Vulcan Materials Co  (MEX:VMC) 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.

Vulcan Materials Co's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=5292.00/107.10
=49.41

* 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 Vulcan Materials Co was 162.49. The lowest was 39.58. And the median was 60.53.


Be Aware

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


Vulcan Materials Co E10 Related Terms


Vulcan Materials Co E10 Historical Data

* Premium members only.

The historical data trend for Vulcan Materials Co'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.

Vulcan Materials Co E10 Chart

Vulcan Materials Co 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 0.00 108.28 112.84

Vulcan Materials Co 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 113.46 112.58 103.97 112.84 107.10

MEX:VMC vs MLM, JHX, EXP: E10 Comparison

For the Building Materials subindustry, Vulcan Materials Co'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.


Vulcan Materials Co Shiller PE Ratio vs Building Materials Industry

For the Building Materials industry and Basic Materials sector, Vulcan Materials Co's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Vulcan Materials Co's Shiller PE Ratio falls into.


MEX:VMC
65GF Score
Vulcan Materials Co MEX:VMC
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Vulcan Materials Co 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, Vulcan Materials Co'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)
=22.721/330.2130*330.2130
=22.721

Current CPI (Mar. 2026) = 330.2130.

Vulcan Materials Co Quarterly Data

per share eps CPI Adj_EPS
201606 17.014 241.018 23.310
201609 20.302 241.428 27.768
201612 17.112 241.432 23.405
201703 6.214 243.801 8.416
201706 16.088 244.955 21.688
201709 14.700 246.819 19.667
201712 47.724 246.524 63.925
201803 7.085 249.554 9.375
201806 23.383 251.989 30.642
201809 25.065 252.439 32.787
201812 18.261 251.233 24.002
201903 9.311 254.202 12.095
201906 28.429 256.143 36.650
201909 31.982 256.759 41.131
201912 19.992 256.974 25.690
202003 10.552 258.115 13.499
202006 36.470 257.797 46.715
202009 33.137 260.280 42.040
202012 17.107 260.474 21.687
202103 24.529 264.877 30.579
202106 29.063 271.696 35.322
202109 27.142 274.310 32.673
202112 21.129 278.802 25.025
202203 13.739 287.504 15.780
202206 28.165 296.311 31.387
202209 26.753 296.808 29.764
202212 17.351 296.797 19.305
202303 16.222 301.836 17.747
202306 39.602 305.109 42.860
202309 36.057 307.789 38.684
202312 28.856 306.746 31.064
202403 12.779 312.332 13.511
202406 42.319 314.175 44.479
202409 30.717 315.301 32.170
202412 46.091 315.605 48.224
202503 19.844 319.799 20.490
202506 45.567 322.561 46.648
202509 51.731 324.800 52.593
202512 34.391 324.054 35.045
202603 22.721 330.213 22.721

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 MXN107.10 mean?
Vulcan Materials Co (MEX:VMC) has a E10 of MXN107.10 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Vulcan Materials Co and its competitors.
Is Vulcan Materials Co's E10 too high?
Vulcan Materials Co's current E10 is MXN107.10. Overall, Vulcan Materials Co has a GF Score™ of 65/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Vulcan Materials Co's E10 compare to MLM and JHX?
Vulcan Materials Co's E10 of MXN107.10 can be compared against companies in the Building Materials 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 Building Materials company?
A good E10 depends on the Building Materials 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 Vulcan Materials Co and its competitors. Vulcan Materials Co's current E10 is MXN107.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vulcan Materials Co stock overvalued right now?
Based on GuruFocus' analysis, Vulcan Materials Co (MEX:VMC) is currently considered Modestly Overvalued. The stock's GF Value™ is MXN4,734.25, compared to a current price of MXN5,292.00 — trading 11.8% above its estimated fair value. The current E10 is MXN107.10. Vulcan Materials Co's overall GF Score™ is 65/100 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 Vulcan Materials Co (MEX:VMC), the current E10 is MXN107.10 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 Vulcan Materials Co (MEX:VMC) Overvalued in 2026?

Based on GuruFocus' analysis, Vulcan Materials Co stock appears to be overvalued. The current stock price of MXN5,292.00 is trading 11.8% above its estimated GF Value™ of MXN4,734.25. GuruFocus considers Vulcan Materials Co to be Modestly Overvalued.

Key valuation signals for MEX:VMC:

  • E10: MXN107.10
  • GF Value™: MXN4,734.25 vs. price of MXN5,292.00 (11.8% above fair value)
  • GF Score™: 65/100 with 2 warning signs

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


Vulcan Materials Co Business Description

Address 1200 Urban Center Drive, Birmingham, AL, USA, 35242
Vulcan Materials is the United States' largest producer of construction aggregates (crushed stone, sand, and gravel). Its largest markets include Texas, California, Virginia, Tennessee, Georgia, Florida, North Carolina, and Alabama. In 2024, Vulcan sold 219.9 million tons of aggregates, 13.6 million tons of asphalt mix, and 3.6 million cubic yards of ready-mix. As of Dec. 31, 2024, the company had 16.5 billion tons of aggregate reserves.
65GF Score

Get the complete analysis for MEX:VMC

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

MXN5,292.00
Price
MXN4,734.25
GF Value