ENAV SpA (MIL:ENAV) E10: €0.21 (As of Mar. 2026)


MIL:ENAV ENAV SpA MIL:ENAV
81 GF Score
Price €5.20
GF Value €4.12
Valuation Modestly Overvalued
! 5 Warning Signs
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What is ENAV SpA E10?

ENAV SpA MIL:ENAV +1.07% 81 E10 is €0.21 as of Mar. 2026. GuruFocus rates MIL:ENAV with a GF Score™ of 81/100 and a GF Value™ of €4.12 (Modestly Overvalued). 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.

ENAV SpA's adjusted earnings per share data for the three months ended in Mar. 2026 was €-0.042. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €0.21 for the trailing ten years ended in Mar. 2026.

During the past 12 months, ENAV SpA's average E10 Growth Rate was 5.00% 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.

As of today (2026-06-25), ENAV SpA's current stock price is €5.195. ENAV SpA's E10 for the quarter that ended in Mar. 2026 was €0.21. ENAV SpA's Shiller PE Ratio of today is 24.74.

During the past 13 years, the highest Shiller PE Ratio of ENAV SpA was 26.38. The lowest was 16.83. And the median was 20.94.


ENAV SpA  (MIL:ENAV) 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.

ENAV SpA's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=5.195/0.21
=24.74

* 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 ENAV SpA was 26.38. The lowest was 16.83. And the median was 20.94.


Be Aware

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


ENAV SpA E10 Related Terms


ENAV SpA E10 Historical Data

* Premium members only.

The historical data trend for ENAV SpA'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.

ENAV SpA E10 Chart

ENAV SpA 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 0.20 0.21

ENAV SpA 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 0.20 0.20 0.21 0.21 0.21

MIL:ENAV vs JOBY: E10 Comparison

For the Airports & Air Services subindustry, ENAV SpA'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.


ENAV SpA Shiller PE Ratio vs Transportation Industry

For the Transportation industry and Industrials sector, ENAV SpA's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where ENAV SpA's Shiller PE Ratio falls into.


MIL:ENAV
81GF Score
ENAV SpA MIL:ENAV
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

ENAV SpA 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, ENAV SpA'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)
=-0.042/122.6000*122.6000
=-0.042

Current CPI (Mar. 2026) = 122.6000.

ENAV SpA Quarterly Data

per share eps CPI Adj_EPS
201606 0.057 99.900 0.070
201609 0.089 100.100 0.109
201612 0.011 100.300 0.013
201703 -0.008 101.000 -0.010
201706 0.058 101.100 0.070
201709 0.116 101.200 0.141
201712 0.022 101.200 0.027
201803 -0.008 101.800 -0.010
201806 0.069 102.400 0.083
201809 0.121 102.600 0.145
201812 0.029 102.300 0.035
201903 -0.007 102.800 -0.008
201906 0.070 103.100 0.083
201909 0.120 102.900 0.143
201912 0.036 102.800 0.043
202003 -0.011 102.900 -0.013
202006 0.040 102.900 0.048
202009 0.073 102.300 0.087
202012 -0.002 102.600 -0.002
202103 0.100 103.700 0.118
202106 0.003 104.200 0.004
202109 0.052 104.900 0.061
202112 0.067 106.600 0.077
202203 -0.028 110.400 -0.031
202206 0.080 112.500 0.087
202209 0.119 114.200 0.128
202212 0.024 119.000 0.025
202303 -0.040 118.800 -0.041
202306 0.075 119.700 0.077
202309 0.126 120.300 0.128
202312 0.048 119.700 0.049
202403 -0.025 120.200 -0.025
202406 0.068 120.700 0.069
202409 0.123 121.200 0.124
202412 0.067 121.200 0.068
202503 -0.054 122.500 -0.054
202506 0.067 122.700 0.067
202509 0.110 123.100 0.110
202512 0.049 122.600 0.049
202603 -0.042 122.600 -0.042

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 €0.21 mean?
ENAV SpA (MIL:ENAV) has a E10 of €0.21 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on ENAV SpA and its competitors.
Is ENAV SpA's E10 too high?
ENAV SpA's current E10 is €0.21. Overall, ENAV SpA has a GF Score™ of 81/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does ENAV SpA's E10 compare to JOBY?
ENAV SpA's E10 of €0.21 can be compared against companies in the Transportation 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 Transportation company?
A good E10 depends on the Transportation 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 ENAV SpA and its competitors. ENAV SpA's current E10 is €0.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ENAV SpA stock overvalued right now?
Based on GuruFocus' analysis, ENAV SpA (MIL:ENAV) is currently considered Modestly Overvalued. The stock's GF Value™ is €4.12, compared to a current price of €5.20 — trading 26.1% above its estimated fair value. The current E10 is €0.21. ENAV SpA's overall GF Score™ is 81/100 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 ENAV SpA (MIL:ENAV), the current E10 is €0.21 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 ENAV SpA (MIL:ENAV) Overvalued in 2026?

Based on GuruFocus' analysis, ENAV SpA stock appears to be overvalued. The current stock price of €5.20 is trading 26.1% above its estimated GF Value™ of €4.12. GuruFocus considers ENAV SpA to be Modestly Overvalued.

Key valuation signals for MIL:ENAV:

  • E10: €0.21
  • GF Value™: €4.12 vs. price of €5.20 (26.1% above fair value)
  • GF Score™: 81/100 with 5 warning signs

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


ENAV SpA Business Description

Other Exchanges ENAVm:UK0RIE:UKENV:Germany
Address Via Salaria 716, Rome, ITA, 00138
ENAV SpA is an Italy-based company engaged in providing air navigation and air traffic management services. The Group operates through three segments: Air Navigation Services, Maintenance Services, and AIM Software Solutions Services. The Air Navigation segment provides air traffic control and related services across Italian airspace and airports. The Maintenance segment focuses on the management and maintenance of air traffic control systems and infrastructure. The AIM Software Solutions segment develops software solutions for aeronautical information and air traffic management, along with related commercial and support services. It generates the majority of its revenue from the Flight assistance services segment.
81GF Score

Get the complete analysis for MIL:ENAV

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

€5.20
Price
€4.12
GF Value