Piaggio & C. SpA (MIL:PIA) E10: €0.15 (As of Mar. 2026)


MIL:PIA Piaggio & C. SpA MIL:PIA
74 GF Score
Price €1.63
GF Value €1.94
Valuation Modestly Undervalued
! 7 Warning Signs
View Full Analysis

What is Piaggio & C. SpA E10?

Piaggio & C. SpA MIL:PIA -0.43% 74 E10 is €0.15 as of Mar. 2026. GuruFocus rates MIL:PIA with a GF Score™ of 74/100 and a GF Value™ of €1.94 (Modestly Undervalued). The stock has 7 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.

Piaggio & C. SpA's adjusted earnings per share data for the three months ended in Mar. 2026 was €0.015. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €0.15 for the trailing ten years ended in Mar. 2026.

During the past 3 years, the average E10 Growth Rate was 14.50% per year. During the past 5 years, the average E10 Growth Rate was 17.90% 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 Piaggio & C. SpA was 22.90% per year. The lowest was 0.00% per year. And the median was 11.10% per year.

As of today (2026-06-26), Piaggio & C. SpA's current stock price is €1.631. Piaggio & C. SpA's E10 for the quarter that ended in Mar. 2026 was €0.15. Piaggio & C. SpA's Shiller PE Ratio of today is 10.87.

During the past 13 years, the highest Shiller PE Ratio of Piaggio & C. SpA was 45.77. The lowest was 9.79. And the median was 29.50.


Piaggio & C. SpA  (MIL:PIA) 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.

Piaggio & C. SpA's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=1.631/0.15
=10.87

* 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 Piaggio & C. SpA was 45.77. The lowest was 9.79. And the median was 29.50.


Be Aware

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


Piaggio & C. SpA E10 Related Terms


Piaggio & C. SpA E10 Historical Data

* Premium members only.

The historical data trend for Piaggio & C. 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.

Piaggio & C. SpA E10 Chart

Piaggio & C. 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 0.08 0.10 0.13 0.14 0.15

Piaggio & C. 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 0.15 0.15 0.15 0.15 0.15

MIL:PIA vs TSLA, GM, F: E10 Comparison

For the Auto Manufacturers subindustry, Piaggio & C. 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.


Piaggio & C. SpA Shiller PE Ratio vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Piaggio & C. SpA's Shiller PE Ratio distribution charts can be found below:

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


MIL:PIA
74GF Score
Piaggio & C. SpA MIL:PIA
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Piaggio & C. 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, Piaggio & C. 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)
=0.015/122.6000*122.6000
=0.015

Current CPI (Mar. 2026) = 122.6000.

Piaggio & C. SpA Quarterly Data

per share eps CPI Adj_EPS
201606 0.047 99.900 0.058
201609 0.003 100.100 0.004
201612 -0.014 100.300 -0.017
201703 0.004 101.000 0.005
201706 0.055 101.100 0.067
201709 0.011 101.200 0.013
201712 -0.014 101.200 -0.017
201803 0.011 101.800 0.013
201806 0.063 102.400 0.075
201809 0.028 102.600 0.033
201812 -0.001 102.300 -0.001
201903 0.022 102.800 0.026
201906 0.075 103.100 0.089
201909 0.032 102.900 0.038
201912 0.002 102.800 0.002
202003 0.009 102.900 0.011
202006 0.016 102.900 0.019
202009 0.057 102.300 0.068
202012 0.006 102.600 0.007
202103 0.031 103.700 0.037
202106 0.091 104.200 0.107
202109 0.022 104.900 0.026
202112 0.024 106.600 0.028
202203 0.035 110.400 0.039
202206 0.092 112.500 0.100
202209 0.072 114.200 0.077
202212 0.040 119.000 0.041
202303 0.068 118.800 0.070
202306 0.115 119.700 0.118
202309 0.059 120.300 0.060
202312 0.015 119.700 0.015
202403 0.053 120.200 0.054
202406 0.094 120.700 0.095
202409 0.029 121.200 0.029
202412 0.014 121.200 0.014
202503 0.025 122.500 0.025
202506 0.060 122.700 0.060
202509 0.005 123.100 0.005
202512 0.006 122.600 0.006
202603 0.015 122.600 0.015

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 €0.15 mean?
Piaggio & C. SpA (MIL:PIA) has a E10 of €0.15 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Piaggio & C. SpA and its competitors.
Is Piaggio & C. SpA's E10 too high?
Piaggio & C. SpA's current E10 is €0.15. Overall, Piaggio & C. SpA has a GF Score™ of 74/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Piaggio & C. SpA's E10 compare to TSLA and GM?
Piaggio & C. SpA's E10 of €0.15 can be compared against companies in the Vehicles & Parts 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 Vehicles & Parts company?
A good E10 depends on the Vehicles & Parts 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 Piaggio & C. SpA and its competitors. Piaggio & C. SpA's current E10 is €0.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Piaggio & C. SpA stock overvalued right now?
Based on GuruFocus' analysis, Piaggio & C. SpA (MIL:PIA) is currently considered Modestly Undervalued. The stock's GF Value™ is €1.94, compared to a current price of €1.63 — trading 15.9% below its estimated fair value. The current E10 is €0.15. Piaggio & C. SpA's overall GF Score™ is 74/100 with 7 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 Piaggio & C. SpA (MIL:PIA), the current E10 is €0.15 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 Piaggio & C. SpA (MIL:PIA) Overvalued in 2026?

Based on GuruFocus' analysis, Piaggio & C. SpA stock appears to be undervalued. The current stock price of €1.63 is trading 15.9% below its estimated GF Value™ of €1.94. GuruFocus considers Piaggio & C. SpA to be Modestly Undervalued.

Key valuation signals for MIL:PIA:

  • E10: €0.15
  • GF Value™: €1.94 vs. price of €1.63 (15.9% below fair value)
  • GF Score™: 74/100 with 7 warning signs

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


Piaggio & C. SpA Business Description

Address Viale Rinaldo Piaggio, 25, Pontedera, Pisa, ITA, 56025
Piaggio & C. SpA is an Italian manufacturer of motor vehicles and also offers spare parts and related accessories. The group's product portfolio consists of scooters, mopeds, and motorcycles marketed under the Aprilia, Piaggio, Vespa, Moto Guzzi, Gilera, Derbi, and other brands, as well as three- and four-wheeler light vehicles, marketed under the Piaggio, Ape, and Porter brands. Maximum revenue is generated from the sale of its two-wheeler vehicles. Its geographical segments are EMEA and Americas, India, and Asia Pacific, with each segment having its production sites and a sales network dedicated to customers in that geographic segment. The group's key revenue is derived from the EMEA and Americas segment, which deals with the distribution and sale of two-wheeler and commercial vehicles.
74GF Score

Get the complete analysis for MIL:PIA

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

€1.63
Price
€1.94
GF Value