MMNNF (Munters Group AB) E10: $0.22 (As of Jun. 2026)

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MMNNF Munters Group AB MMNNF
88 GF Score
Price $20.40
GF Value $19.68
Valuation Fairly Valued
! 5 Warning Signs
View Full Analysis

What is Munters Group AB E10?

Munters Group AB MMNNF +34.23% 88 E10 is $0.22 as of Jun. 2026. GuruFocus rates MMNNF with a GF Score™ of 88/100 and a GF Value™ of $19.68 (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.

Munters Group AB's adjusted earnings per share data for the three months ended in Jun. 2026 was $0.116. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $0.22 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Munters Group AB's average E10 Growth Rate was 9.50% 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.

As of today (2026-07-22), Munters Group AB's current stock price is $20.4025. Munters Group AB's E10 for the quarter that ended in Jun. 2026 was $0.22. Munters Group AB's Shiller PE Ratio of today is 92.74.

During the past 12 years, the highest Shiller PE Ratio of Munters Group AB was 100.77. The lowest was 54.51. And the median was 81.73.


Munters Group AB  (OTCPK:MMNNF) 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.

Munters Group AB's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=20.4025/0.22
=92.74

* 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 12 years, the highest Shiller P/E Ratio of Munters Group AB was 100.77. The lowest was 54.51. And the median was 81.73.


Be Aware

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


Munters Group AB E10 Related Terms


Munters Group AB E10 Historical Data

* Premium members only.

The historical data trend for Munters Group AB'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.

Munters Group AB E10 Chart

Munters Group AB 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 0.19

Munters Group AB 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 0.24 0.31 0.19 0.22 0.22

MMNNF vs VLTO, ZWS, CECO: E10 Comparison

For the Pollution & Treatment Controls subindustry, Munters Group AB'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.


Munters Group AB Shiller PE Ratio vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Munters Group AB's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Munters Group AB's Shiller PE Ratio falls into.


MMNNF
88GF Score
Munters Group AB MMNNF
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Munters Group AB 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, Munters Group AB'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)
=0.116/134.1100*134.1100
=0.116

Current CPI (Jun. 2026) = 134.1100.

Munters Group AB Quarterly Data

per share eps CPI Adj_EPS
201609 -0.001 101.138 -0.001
201612 0.063 102.022 0.083
201703 -0.024 102.022 -0.032
201706 0.013 102.752 0.017
201709 0.034 103.279 0.044
201712 0.099 103.793 0.128
201803 0.027 103.962 0.035
201806 0.073 104.875 0.093
201809 0.037 105.679 0.047
201812 -0.197 105.912 -0.249
201903 -0.013 105.886 -0.016
201906 0.049 106.742 0.062
201909 -0.136 107.214 -0.170
201912 0.007 107.766 0.009
202003 0.031 106.563 0.039
202006 0.021 107.498 0.026
202009 0.098 107.635 0.122
202012 0.111 108.296 0.137
202103 0.102 108.360 0.126
202106 0.054 108.928 0.066
202109 0.087 110.338 0.106
202112 0.079 112.486 0.094
202203 0.060 114.825 0.070
202206 0.093 118.384 0.105
202209 0.089 122.296 0.098
202212 0.067 126.365 0.071
202303 0.113 127.042 0.119
202306 0.130 129.407 0.135
202309 0.128 130.224 0.132
202312 0.029 131.912 0.029
202403 0.114 132.205 0.116
202406 0.157 132.716 0.159
202409 0.141 132.304 0.143
202412 0.081 132.987 0.082
202503 -0.081 132.825 -0.082
202506 0.053 133.699 0.053
202509 0.100 133.480 0.100
202512 -0.005 133.390 -0.005
202603 0.073 133.560 0.073
202606 0.116 134.110 0.116

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 $0.22 mean?
Munters Group AB (MMNNF) has a E10 of $0.22 as of Jun. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Munters Group AB and its competitors.
Is Munters Group AB's E10 too high?
Munters Group AB's current E10 is $0.22. Overall, Munters Group AB has a GF Score™ of 88/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Munters Group AB's E10 compare to VLTO and ZWS?
Munters Group AB's E10 of $0.22 can be compared against companies in the Industrial Products 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 Industrial Products company?
A good E10 depends on the Industrial Products 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 Munters Group AB and its competitors. Munters Group AB's current E10 is $0.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Munters Group AB stock overvalued right now?
Based on GuruFocus' analysis, Munters Group AB (MMNNF) is currently considered Fairly Valued. The stock's GF Value™ is $19.68, compared to a current price of $20.40 — trading 3.7% above its estimated fair value. The current E10 is $0.22. Munters Group AB's overall GF Score™ is 88/100 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 Munters Group AB (MMNNF), the current E10 is $0.22 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 Munters Group AB (MMNNF) Overvalued in 2026?

Based on GuruFocus' analysis, Munters Group AB stock appears to be overvalued. The current stock price of $20.40 is trading 3.7% above its estimated GF Value™ of $19.68. GuruFocus considers Munters Group AB to be Fairly Valued.

Key valuation signals for MMNNF:

  • E10: $0.22
  • GF Value™: $19.68 vs. price of $20.40 (3.7% above fair value)
  • GF Score™: 88/100 with 5 warning signs

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


Munters Group AB Business Description

Address Borgarfjordsgatan 16, Box 1188, Kista, SWE, SE-164 40
Munters Group AB is a provider of energy-efficient air treatment and climate control solutions predominantly within the food, pharmaceutical and data center and other sectors. The company operates in segments, which are: AirTech, Data Center Technologies, and FoodTech. The majority of the revenue is generated from its AirTech segment, which manufactures and markets products and solutions for controlling humidity and improving the indoor climate. Geographically, a majority of its revenue is generated from the United States and the rest from China, Germany, the United Kingdom, Canada, Sweden, Australia, France, Denmark, Poland, Mexico, and other markets.
88GF Score

Get the complete analysis for MMNNF

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

$20.40
Price
$19.68
GF Value