Cementir Holding NV (MIL:CEM) E10: €0.81 (As of Mar. 2026)


MIL:CEM Cementir Holding NV MIL:CEM
73 GF Score
Price €14.81
GF Value €10.52
Valuation Significantly Overvalued
! 2 Warning Signs
View Full Analysis

What is Cementir Holding NV E10?

Cementir Holding NV MIL:CEM -0.60% 73 E10 is €0.81 as of Mar. 2026. GuruFocus rates MIL:CEM with a GF Score™ of 73/100 and a GF Value™ of €10.52 (Significantly 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.

Cementir Holding NV's adjusted earnings per share data for the three months ended in Mar. 2026 was €0.047. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €0.81 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Cementir Holding NV's average E10 Growth Rate was 9.50% per year. During the past 3 years, the average E10 Growth Rate was 12.60% per year. During the past 5 years, the average E10 Growth Rate was 17.20% 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 Cementir Holding NV was 20.50% per year. The lowest was 12.40% per year. And the median was 17.30% per year.

As of today (2026-06-25), Cementir Holding NV's current stock price is €14.81. Cementir Holding NV's E10 for the quarter that ended in Mar. 2026 was €0.81. Cementir Holding NV's Shiller PE Ratio of today is 18.28.

During the past 13 years, the highest Shiller PE Ratio of Cementir Holding NV was 29.36. The lowest was 9.42. And the median was 18.16.


Cementir Holding NV  (MIL:CEM) 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.

Cementir Holding NV's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=14.81/0.81
=18.28

* 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 Cementir Holding NV was 29.36. The lowest was 9.42. And the median was 18.16.


Be Aware

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


Cementir Holding NV E10 Related Terms


Cementir Holding NV E10 Historical Data

* Premium members only.

The historical data trend for Cementir Holding NV'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.

Cementir Holding NV E10 Chart

Cementir Holding NV 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 0.44 0.56 0.63 0.71 0.80

Cementir Holding NV 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 0.74 0.75 0.79 0.80 0.81

MIL:CEM vs CRH, VMC, MLM: E10 Comparison

For the Building Materials subindustry, Cementir Holding NV'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.


Cementir Holding NV Shiller PE Ratio vs Building Materials Industry

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

* The bar in red indicates where Cementir Holding NV's Shiller PE Ratio falls into.


MIL:CEM
73GF Score
Cementir Holding NV MIL:CEM
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Cementir Holding NV 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, Cementir Holding NV'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)
=0.047/135.2700*135.2700
=0.047

Current CPI (Mar. 2026) = 135.2700.

Cementir Holding NV Quarterly Data

per share eps CPI Adj_EPS
201606 0.107 100.260 0.144
201609 0.164 100.570 0.221
201612 0.123 100.710 0.165
201703 0.029 101.440 0.039
201706 0.068 101.370 0.091
201709 0.266 102.030 0.353
201712 0.029 101.970 0.038
201803 0.045 102.470 0.059
201806 0.442 103.100 0.580
201809 0.282 103.950 0.367
201812 -0.073 103.970 -0.095
201903 -0.002 105.370 -0.003
201906 0.174 105.840 0.222
201909 0.262 106.700 0.332
201912 -0.001 106.800 -0.001
202003 -0.032 106.850 -0.041
202006 0.157 107.510 0.198
202009 0.309 107.880 0.387
202012 0.131 107.850 0.164
202103 0.100 108.870 0.124
202106 0.206 109.670 0.254
202109 0.333 110.790 0.407
202112 -0.050 114.010 -0.059
202203 0.273 119.460 0.309
202206 0.155 119.050 0.176
202209 0.390 126.890 0.416
202212 0.011 124.940 0.012
202303 0.411 124.720 0.446
202306 0.169 125.830 0.182
202309 0.605 127.160 0.644
202312 -0.257 126.450 -0.275
202403 0.377 128.580 0.397
202406 0.246 129.910 0.256
202409 0.421 131.610 0.433
202412 -0.056 131.630 -0.058
202503 0.195 133.330 0.198
202506 0.278 133.960 0.281
202509 0.471 135.920 0.469
202512 0.210 135.270 0.210
202603 0.047 135.270 0.047

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 €0.81 mean?
Cementir Holding NV (MIL:CEM) has a E10 of €0.81 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Cementir Holding NV and its competitors.
Is Cementir Holding NV's E10 too high?
Cementir Holding NV's current E10 is €0.81. Overall, Cementir Holding NV has a GF Score™ of 73/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Cementir Holding NV's E10 compare to CRH and VMC?
Cementir Holding NV's E10 of €0.81 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 Cementir Holding NV and its competitors. Cementir Holding NV's current E10 is €0.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cementir Holding NV stock overvalued right now?
Based on GuruFocus' analysis, Cementir Holding NV (MIL:CEM) is currently considered Significantly Overvalued. The stock's GF Value™ is €10.52, compared to a current price of €14.81 — trading 40.8% above its estimated fair value. The current E10 is €0.81. Cementir Holding NV's overall GF Score™ is 73/100 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 Cementir Holding NV (MIL:CEM), the current E10 is €0.81 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 Cementir Holding NV (MIL:CEM) Overvalued in 2026?

Based on GuruFocus' analysis, Cementir Holding NV stock appears to be overvalued. The current stock price of €14.81 is trading 40.8% above its estimated GF Value™ of €10.52. GuruFocus considers Cementir Holding NV to be Significantly Overvalued.

Key valuation signals for MIL:CEM:

  • E10: €0.81
  • GF Value™: €10.52 vs. price of €14.81 (40.8% above fair value)
  • GF Score™: 73/100 with 2 warning signs

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


Cementir Holding NV Business Description

Other Exchanges CEMm:UK0HY2:UK3PC:Germany
Address Zuidplein 36, Amsterdam, NH, NLD, 1077 XV
Cementir Holding NV is a multinational company. The company creates a niche white cement segment, the cement producer in Denmark and ready-mixed concrete producer in the Scandinavian region, the third in Belgium, and among the international players in Turkiye. In Belgium, the Group operates one of the aggregate quarries in Europe, while in Turkiye, it operates in the treatment of industrial waste to produce fuel for its cement plants. It has segments as Cement, Ready-mixed concrete, Aggregates, Wastes, and Others, with the majority from Cement. Geographically, it gains revenue from the Nordic & Baltic regions.
73GF Score

Get the complete analysis for MIL:CEM

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

€14.81
Price
€10.52
GF Value