State Street (MIL:1STT) E10: €7.35 (As of Jun. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
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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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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.

MIL:1STT State Street Corp MIL:1STT
52 GF Score
Price €155.40
GF Value €103.46
Valuation Significantly Overvalued
! 8 Warning Signs
View Full Analysis

What is State Street E10?

State Street MIL:1STT 52 E10 is €7.35 as of Jun. 2026. GuruFocus rates MIL:1STT with a GF Score™ of 52/100 and a GF Value™ of €103.46 (Significantly Overvalued). The stock has 8 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.

State Street's adjusted earnings per share data for the three months ended in Jun. 2026 was €3.168. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €7.35 for the trailing ten years ended in Jun. 2026.

During the past 12 months, State Street's average E10 Growth Rate was -100.00% per year. During the past 3 years, the average E10 Growth Rate was 5.20% per year. During the past 5 years, the average E10 Growth Rate was 6.90% per year. During the past 10 years, the average E10 Growth Rate was 9.70% 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 State Street was 18.00% per year. The lowest was -3.20% per year. And the median was 9.30% per year.

As of today (2026-08-01), State Street's current stock price is €155.40. State Street's E10 for the quarter that ended in Jun. 2026 was €7.35. State Street's Shiller PE Ratio of today is 21.14.

During the past 13 years, the highest Shiller PE Ratio of State Street was 30.14. The lowest was 9.08. And the median was 14.64.


State Street  (MIL:1STT) 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.

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

Shiller PE Ratio=Share Price/E10
=155.40/7.35
=21.14

* 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 State Street was 30.14. The lowest was 9.08. And the median was 14.64.


Be Aware

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


State Street E10 Related Terms


State Street E10 Historical Data

* Premium members only.

The historical data trend for State Street'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.

State Street E10 Chart

State Street 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 6.52

State Street 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 0.00 6.52 6.52 6.82 7.35

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

For the Asset Management subindustry, State Street'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.


State Street Shiller PE Ratio vs Asset Management Industry

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

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


MIL:1STT
52GF Score
State Street Corp MIL:1STT
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

State Street 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, State Street'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)
=3.168/333.9520*333.9520
=3.168

Current CPI (Jun. 2026) = 333.9520.

State Street Quarterly Data

per share eps CPI Adj_EPS
201609 1.149 241.428 1.589
201612 1.356 241.432 1.876
201703 1.075 243.801 1.473
201706 1.362 244.955 1.857
201709 1.393 246.819 1.885
201712 0.752 246.524 1.019
201803 1.314 249.554 1.758
201806 1.609 251.989 2.132
201809 1.603 252.439 2.121
201812 0.914 251.233 1.215
201903 1.044 254.202 1.372
201906 1.257 256.143 1.639
201909 1.289 256.759 1.677
201912 1.557 256.974 2.023
202003 1.466 258.115 1.897
202006 1.652 257.797 2.140
202009 1.231 260.280 1.579
202012 1.143 260.474 1.465
202103 1.151 264.877 1.451
202106 1.718 271.696 2.112
202109 1.666 274.310 2.028
202112 1.575 278.802 1.887
202203 1.426 287.504 1.656
202206 1.807 296.311 2.037
202209 1.818 296.808 2.046
202212 1.803 296.797 2.029
202303 1.420 301.836 1.571
202306 2.003 305.109 2.192
202309 1.171 307.789 1.271
202312 0.504 306.746 0.549
202403 1.260 312.332 1.347
202406 1.997 314.175 2.123
202409 2.036 315.301 2.156
202412 2.349 315.605 2.486
202503 1.887 319.799 1.971
202506 1.881 322.561 1.947
202509 2.369 324.800 2.436
202512 2.067 324.054 2.130
202603 2.154 330.213 2.178
202606 3.168 333.952 3.168

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 €7.35 mean?
State Street (MIL:1STT) has a E10 of €7.35 as of Jun. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on State Street and its competitors.
Is State Street's E10 too high?
State Street's current E10 is €7.35. Overall, State Street has a GF Score™ of 52/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does State Street's E10 compare to AMP and RJF?
State Street's E10 of €7.35 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 State Street and its competitors. State Street's current E10 is €7.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is State Street stock overvalued right now?
Based on GuruFocus' analysis, State Street (MIL:1STT) is currently considered Significantly Overvalued. The stock's GF Value™ is €103.46, compared to a current price of €155.40 — trading 50.2% above its estimated fair value. The current E10 is €7.35. State Street's overall GF Score™ is 52/100 with 8 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 State Street (MIL:1STT), the current E10 is €7.35 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 State Street (MIL:1STT) Overvalued in 2026?

Based on GuruFocus' analysis, State Street stock appears to be overvalued. The current stock price of €155.40 is trading 50.2% above its estimated GF Value™ of €103.46. GuruFocus considers State Street to be Significantly Overvalued.

Key valuation signals for MIL:1STT:

  • E10: €7.35
  • GF Value™: €103.46 vs. price of €155.40 (50.2% above fair value)
  • GF Score™: 52/100 with 8 warning signs

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


State Street Business Description

Address One Congress Street, Boston, MA, USA, 02114
State Street is a leading provider of financial services, including investment servicing, investment management, and investment research and trading. With approximately $54 trillion in assets under custody and administration, and $5.7 trillion in assets under management, as of Dec. 31, 2025, State Street operates globally in more than 100 geographic markets and employs about 51,500 worldwide.
52GF Score

Get the complete analysis for MIL:1STT

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

€155.40
Price
€103.46
GF Value