Apollo Global Management (MIL:1APO) E10: €3.21 (As of Mar. 2026)


MIL:1APO Apollo Global Management Inc MIL:1APO
56 GF Score
Price €106.80
GF Value €117.12
Valuation Fairly Valued
! 5 Warning Signs
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What is Apollo Global Management E10?

Apollo Global Management MIL:1APO +4.96% 56 E10 is €3.21 as of Mar. 2026. GuruFocus rates MIL:1APO with a GF Score™ of 56/100 and a GF Value™ of €117.12 (Fairly Valued). The stock has 5 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.

Apollo Global Management's adjusted earnings per share data for the three months ended in Mar. 2026 was €-2.829. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €3.21 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Apollo Global Management's average E10 Growth Rate was 6.90% per year. During the past 3 years, the average E10 Growth Rate was 20.30% per year. During the past 5 years, the average E10 Growth Rate was 20.50% 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 Apollo Global Management was 152.60% per year. The lowest was 9.00% per year. And the median was 23.85% per year.

As of today (2026-07-07), Apollo Global Management's current stock price is €106.80. Apollo Global Management's E10 for the quarter that ended in Mar. 2026 was €3.21. Apollo Global Management's Shiller PE Ratio of today is 33.27.

During the past 13 years, the highest Shiller PE Ratio of Apollo Global Management was 455.25. The lowest was 18.92. And the median was 35.78.


Apollo Global Management  (MIL:1APO) 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.

Apollo Global Management's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=106.80/3.21
=33.27

* 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 Apollo Global Management was 455.25. The lowest was 18.92. And the median was 35.78.


Be Aware

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


Apollo Global Management E10 Related Terms


Apollo Global Management E10 Historical Data

* Premium members only.

The historical data trend for Apollo Global Management'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.

Apollo Global Management E10 Chart

Apollo Global Management 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 3.45

Apollo Global Management 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 3.06 3.28 3.45 3.21

MIL:1APO vs KKR, STT, AMP: E10 Comparison

For the Asset Management subindustry, Apollo Global Management'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.


Apollo Global Management Shiller PE Ratio vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Apollo Global Management's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Apollo Global Management's Shiller PE Ratio falls into.


MIL:1APO
56GF Score
Apollo Global Management Inc MIL:1APO
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Apollo Global Management 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, Apollo Global Management'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)
=-2.829/330.2130*330.2130
=-2.829

Current CPI (Mar. 2026) = 330.2130.

Apollo Global Management Quarterly Data

per share eps CPI Adj_EPS
201606 0.810 241.018 1.110
201609 0.445 241.428 0.609
201612 0.825 241.432 1.128
201703 0.701 243.801 0.949
201706 0.392 244.955 0.528
201709 0.839 246.819 1.122
201712 0.769 246.524 1.030
201803 -0.276 249.554 -0.365
201806 0.214 251.989 0.280
201809 0.660 252.439 0.863
201812 -0.879 251.233 -1.155
201903 0.593 254.202 0.770
201906 0.664 256.143 0.856
201909 1.480 256.759 1.903
201912 0.612 256.974 0.786
202003 -4.045 258.115 -5.175
202006 1.634 257.797 2.093
202009 0.942 260.280 1.195
202012 1.521 260.474 1.928
202103 2.360 264.877 2.942
202106 2.241 271.696 2.724
202109 0.859 274.310 1.034
202112 0.805 278.802 0.953
202203 -0.636 287.504 -0.730
202206 -2.668 296.311 -2.973
202209 -1.390 296.808 -1.546
202212 2.124 296.797 2.363
202303 1.550 301.836 1.696
202306 0.923 305.109 0.999
202309 1.031 307.789 1.106
202312 4.264 306.746 4.590
202403 2.098 312.332 2.218
202406 1.254 314.175 1.318
202409 1.162 315.301 1.217
202412 2.282 315.605 2.388
202503 0.629 319.799 0.649
202506 0.858 322.561 0.878
202509 2.369 324.800 2.408
202512 0.914 324.054 0.931
202603 -2.829 330.213 -2.829

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 €3.21 mean?
Apollo Global Management (MIL:1APO) has a E10 of €3.21 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Apollo Global Management and its competitors.
Is Apollo Global Management's E10 too high?
Apollo Global Management's current E10 is €3.21. Overall, Apollo Global Management has a GF Score™ of 56/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Apollo Global Management's E10 compare to KKR and STT?
Apollo Global Management's E10 of €3.21 can be compared against companies in the Asset Management 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 an Asset Management company?
A good E10 depends on the Asset Management 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 Apollo Global Management and its competitors. Apollo Global Management's current E10 is €3.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Apollo Global Management stock overvalued right now?
Based on GuruFocus' analysis, Apollo Global Management (MIL:1APO) is currently considered Fairly Valued. The stock's GF Value™ is €117.12, compared to a current price of €106.80 — trading 8.8% below its estimated fair value. The current E10 is €3.21. Apollo Global Management's overall GF Score™ is 56/100 with 5 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 Apollo Global Management (MIL:1APO), the current E10 is €3.21 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 Apollo Global Management (MIL:1APO) Overvalued in 2026?

Based on GuruFocus' analysis, Apollo Global Management stock appears to be undervalued. The current stock price of €106.80 is trading 8.8% below its estimated GF Value™ of €117.12. GuruFocus considers Apollo Global Management to be Fairly Valued.

Key valuation signals for MIL:1APO:

  • E10: €3.21
  • GF Value™: €117.12 vs. price of €106.80 (8.8% below fair value)
  • GF Score™: 56/100 with 5 warning signs

No single metric tells the full story. See the MIL:1APO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Apollo Global Management Business Description

Address 9 West 57th Street, 42nd Floor, New York, NY, USA, 10019
Apollo is one of the world's largest alternative asset managers, with $938.4 billion in total assets under management, or AUM, including $709.1 billion in fee-earning assets, at the end of 2025. The company has two core operating segments: asset management and retirement services. Apollo operates with scale in each of its major product lines—private equity (with $128.4 billion in total AUM and $75.0 billion in fee-earning AUM), real estate/real assets ($60.8 billion/$27.6 billion), and credit ($749.2 billion/$606.5 billion). Apollo has a distribution profile that is likely not too far off from the industry averages—with 84% of its assets held by institutional investors and 16% by high-net-worth clients.
56GF Score

Get the complete analysis for MIL:1APO

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

€106.80
Price
€117.12
GF Value