Zebra Technologies (MEX:ZBRA) E10: MXN164.61 (As of Jun. 2026)

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MEX:ZBRA Zebra Technologies Corp MEX:ZBRA
72 GF Score
Price MXN6,335.00
GF Value MXN6,495.32
Valuation Fairly Valued
! 9 Warning Signs
View Full Analysis

What is Zebra Technologies E10?

Zebra Technologies MEX:ZBRA 72 E10 is MXN164.61 as of Jun. 2026. GuruFocus rates MEX:ZBRA with a GF Score™ of 72/100 and a GF Value™ of MXN6,495.32 (Fairly Valued). The stock has 9 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.

Zebra Technologies's adjusted earnings per share data for the three months ended in Jun. 2026 was MXN84.628. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is MXN164.61 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Zebra Technologies's average E10 Growth Rate was 21.10% per year. During the past 3 years, the average E10 Growth Rate was 15.10% per year. During the past 5 years, the average E10 Growth Rate was 19.20% per year. During the past 10 years, the average E10 Growth Rate was 29.70% 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 Zebra Technologies was 70.30% per year. The lowest was -25.60% per year. And the median was 15.05% per year.

As of today (2026-09-12), Zebra Technologies's current stock price is MXN6335.00. Zebra Technologies's E10 for the quarter that ended in Jun. 2026 was MXN164.61. Zebra Technologies's Shiller PE Ratio of today is 38.48.

During the past 13 years, the highest Shiller PE Ratio of Zebra Technologies was 220.52. The lowest was 22.74. And the median was 92.91.


Zebra Technologies  (MEX:ZBRA) 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.

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

Shiller PE Ratio=Share Price/E10
=6335.00/164.61
=38.48

* 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 Zebra Technologies was 220.52. The lowest was 22.74. And the median was 92.91.


Be Aware

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


Zebra Technologies E10 Related Terms


Zebra Technologies E10 Historical Data

* Premium members only.

The historical data trend for Zebra 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.

Zebra Technologies E10 Chart

Zebra 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 98.79 109.97 97.70 149.75 177.54

Zebra Technologies 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 149.53 153.11 177.54 177.62 164.61

MEX:ZBRA vs ASTS, VSAT, AAOI: E10 Comparison

For the Communication Equipment subindustry, Zebra 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.


Zebra Technologies Shiller PE Ratio vs Hardware Industry

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

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


MEX:ZBRA
72GF Score
Zebra Technologies Corp MEX:ZBRA
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Zebra 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, Zebra Technologies'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)
=84.628/333.9520*333.9520
=84.628

Current CPI (Jun. 2026) = 333.9520.

Zebra Technologies Quarterly Data

per share eps CPI Adj_EPS
201609 -31.130 241.428 -43.060
201612 7.010 241.432 9.696
201703 3.013 243.801 4.127
201706 5.784 244.955 7.885
201709 -4.174 246.819 -5.648
201712 1.375 246.524 1.863
201803 36.517 249.554 48.867
201806 25.348 251.989 33.593
201809 43.770 252.439 57.903
201812 41.430 251.233 55.071
201903 41.124 254.202 54.026
201906 43.412 256.143 56.599
201909 49.355 256.759 64.193
201912 58.466 256.974 75.980
202003 38.689 258.115 50.056
202006 42.702 257.797 55.316
202009 47.717 260.280 61.223
202012 73.600 260.474 94.362
202103 86.261 264.877 108.756
202106 81.017 271.696 99.581
202109 75.874 274.310 92.371
202112 72.825 278.802 87.231
202203 76.259 287.504 88.579
202206 -37.621 296.311 -42.400
202209 65.575 296.808 73.781
202212 69.601 296.797 78.314
202303 52.272 301.836 57.834
202306 47.660 305.109 52.165
202309 -4.877 307.789 -5.292
202312 5.262 306.746 5.729
202403 37.010 312.332 39.572
202406 39.755 314.175 42.258
202409 51.982 315.301 55.057
202412 65.487 315.605 69.294
202503 53.600 319.799 55.972
202506 41.236 322.561 42.692
202509 36.138 324.800 37.156
202512 25.028 324.054 25.792
202603 49.049 330.213 49.604
202606 84.628 333.952 84.628

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 MXN164.61 mean?
Zebra Technologies (MEX:ZBRA) has a E10 of MXN164.61 as of Jun. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Zebra Technologies and its competitors.
Is Zebra Technologies' E10 too high?
Zebra Technologies' current E10 is MXN164.61. Overall, Zebra Technologies has a GF Score™ of 72/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Zebra Technologies' E10 compare to ASTS and VSAT?
Zebra Technologies' E10 of MXN164.61 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 Zebra Technologies and its competitors. Zebra Technologies's current E10 is MXN164.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zebra Technologies stock overvalued right now?
Based on GuruFocus' analysis, Zebra Technologies (MEX:ZBRA) is currently considered Fairly Valued. The stock's GF Value™ is MXN6,495.32, compared to a current price of MXN6,335.00 — trading 2.5% below its estimated fair value. The current E10 is MXN164.61. Zebra Technologies' overall GF Score™ is 72/100 with 9 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 Zebra Technologies (MEX:ZBRA), the current E10 is MXN164.61 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 Zebra Technologies (MEX:ZBRA) Overvalued in 2026?

Based on GuruFocus' analysis, Zebra Technologies stock appears to be undervalued. The current stock price of MXN6,335.00 is trading 2.5% below its estimated GF Value™ of MXN6,495.32. GuruFocus considers Zebra Technologies to be Fairly Valued.

Key valuation signals for MEX:ZBRA:

  • E10: MXN164.61
  • GF Value™: MXN6,495.32 vs. price of MXN6,335.00 (2.5% below fair value)
  • GF Score™: 72/100 with 9 warning signs

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


Zebra Technologies Business Description

Address 3 Overlook Point, Lincolnshire, IL, USA, 60069
Zebra Technologies is the largest provider of automatic identification and data capture technology to enterprises. Its solutions include barcode printers and scanners, mobile computers, and workflow optimization software. The firm primarily serves the retail, transportation logistics, manufacturing, and healthcare markets, designing custom solutions to improve efficiency at its customers.
72GF Score

Get the complete analysis for MEX:ZBRA

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

MXN6,335.00
Price
MXN6,495.32
GF Value