PZ Cussons Nigeria (NSA:PZ) E10: ₦6.50 (As of Feb. 2026)


NSA:PZ PZ Cussons Nigeria PLC NSA:PZ
67 GF Score
Price ₦94.95
GF Value ₦52.02
Valuation Significantly Overvalued
! 2 Warning Signs
View Full Analysis

What is PZ Cussons Nigeria E10?

PZ Cussons Nigeria NSA:PZ 67 E10 is ₦6.50 as of Feb. 2026. GuruFocus rates NSA:PZ with a GF Score™ of 67/100 and a GF Value™ of ₦52.02 (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.

PZ Cussons Nigeria's adjusted earnings per share data for the three months ended in Feb. 2026 was ₦4.200. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₦6.50 for the trailing ten years ended in Feb. 2026.

During the past 12 months, PZ Cussons Nigeria's average E10 Growth Rate was 7.60% 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), PZ Cussons Nigeria's current stock price is ₦94.95. PZ Cussons Nigeria's E10 for the quarter that ended in Feb. 2026 was ₦6.50. PZ Cussons Nigeria's Shiller PE Ratio of today is 14.61.

During the past 13 years, the highest Shiller PE Ratio of PZ Cussons Nigeria was 16.20. The lowest was 4.88. And the median was 6.62.


PZ Cussons Nigeria  (NSA:PZ) 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.

PZ Cussons Nigeria's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=94.95/6.50
=14.61

* 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 PZ Cussons Nigeria was 16.20. The lowest was 4.88. And the median was 6.62.


Be Aware

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


PZ Cussons Nigeria E10 Related Terms


PZ Cussons Nigeria E10 Historical Data

* Premium members only.

The historical data trend for PZ Cussons Nigeria'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.

PZ Cussons Nigeria E10 Chart

PZ Cussons Nigeria Annual Data
Trend May16 May17 May18 May19 May20 May21 May22 May23 May24 May25
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 5.82

PZ Cussons Nigeria Quarterly Data
Feb21 May21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26
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 6.04 5.82 6.09 6.16 6.50

NSA:PZ vs PG, CL, KVUE: E10 Comparison

For the Household & Personal Products subindustry, PZ Cussons Nigeria'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.


PZ Cussons Nigeria Shiller PE Ratio vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, PZ Cussons Nigeria's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where PZ Cussons Nigeria's Shiller PE Ratio falls into.


NSA:PZ
67GF Score
PZ Cussons Nigeria PLC NSA:PZ
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PZ Cussons Nigeria 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, PZ Cussons Nigeria's adjusted earnings per share data for the three months ended in Feb. 2026 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Feb. 2026 (Change)*Current CPI (Feb. 2026)
=4.2/140.0000*140.0000
=4.200

Current CPI (Feb. 2026) = 140.0000.

PZ Cussons Nigeria Quarterly Data

per share eps CPI Adj_EPS
201205 0.000 95.900 0.000
201305 0.000 98.200 0.000
201402 0.360 99.100 0.509
201405 0.267 99.600 0.375
201411 0.000 99.900 0.000
201502 0.308 99.500 0.433
201505 0.392 100.100 0.548
201605 0.000 100.800 0.000
201611 33.000 101.800 45.383
201705 0.000 103.500 0.000
201711 18.000 104.700 24.069
201805 0.000 105.900 0.000
201902 -0.110 106.800 -0.144
201905 0.090 107.900 0.117
201908 -0.280 108.300 -0.362
201911 -0.120 108.500 -0.155
202002 -0.490 108.600 -0.632
202005 -0.850 108.600 -1.096
202008 -0.050 108.800 -0.064
202011 0.260 109.100 0.334
202102 0.050 109.400 0.064
202105 0.130 111.000 0.164
202111 0.590 114.100 0.724
202202 0.770 115.400 0.934
202205 0.080 119.700 0.094
202208 0.226 121.800 0.260
202211 1.582 124.800 1.775
202302 0.890 126.000 0.989
202305 0.430 129.100 0.466
202308 -9.730 129.400 -10.527
202311 -8.940 130.000 -9.628
202402 -5.000 130.800 -5.352
202405 -5.000 132.700 -5.275
202408 -1.160 133.400 -1.217
202411 -0.500 134.600 -0.520
202502 4.400 135.600 4.543
202505 -1.000 138.000 -1.014
202508 3.290 138.900 3.316
202511 1.900 139.400 1.908
202602 4.200 140.000 4.200

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 ₦6.50 mean?
PZ Cussons Nigeria (NSA:PZ) has a E10 of ₦6.50 as of Feb. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on PZ Cussons Nigeria and its competitors.
Is PZ Cussons Nigeria's E10 too high?
PZ Cussons Nigeria's current E10 is ₦6.50. Overall, PZ Cussons Nigeria has a GF Score™ of 67/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PZ Cussons Nigeria's E10 compare to PG and CL?
PZ Cussons Nigeria's E10 of ₦6.50 can be compared against companies in the Consumer Packaged Goods 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 Consumer Packaged Goods company?
A good E10 depends on the Consumer Packaged Goods 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 PZ Cussons Nigeria and its competitors. PZ Cussons Nigeria's current E10 is ₦6.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PZ Cussons Nigeria stock overvalued right now?
Based on GuruFocus' analysis, PZ Cussons Nigeria (NSA:PZ) is currently considered Significantly Overvalued. The stock's GF Value™ is ₦52.02, compared to a current price of ₦94.95 — trading 82.5% above its estimated fair value. The current E10 is ₦6.50. PZ Cussons Nigeria's overall GF Score™ is 67/100 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 PZ Cussons Nigeria (NSA:PZ), the current E10 is ₦6.50 as of Feb. 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 PZ Cussons Nigeria (NSA:PZ) Overvalued in 2026?

Based on GuruFocus' analysis, PZ Cussons Nigeria stock appears to be overvalued. The current stock price of ₦94.95 is trading 82.5% above its estimated GF Value™ of ₦52.02. GuruFocus considers PZ Cussons Nigeria to be Significantly Overvalued.

Key valuation signals for NSA:PZ:

  • E10: ₦6.50
  • GF Value™: ₦52.02 vs. price of ₦94.95 (82.5% above fair value)
  • GF Score™: 67/100 with 2 warning signs

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


PZ Cussons Nigeria Business Description

Address 3500 Aviator Way, Manchester Business Park, Manchester, GBR, M22 5TG
PZ Cussons Nigeria PLC manufactures, distributes and sells consumer products and home appliances. The company's operating segment includes Home and Personal Care Products and Durable Electrical Appliances. It generates maximum revenue from the Home and Personal Care Products segment. Home and Personal Care Products segment includes the production and sale of Morning Fresh, Zip, Canoe, Premier, Excel, Joy, Stella, Venus, Imperial Leather, Cussons Baby, Original Source, Carex, Robb, and others. The Durable Electrical Appliances segment includes the production and sale of Haier Thermocool Refrigerators, Freezers, Televisions, Generators, Air conditioners, Washing Machines and others. Geographically it derives revenue from Nigeria.
67GF Score

Get the complete analysis for NSA:PZ

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

₦94.95
Price
₦52.02
GF Value