Transnational (NSA:TRCNP) E10: ₦1.93 (As of Mar. 2026)


NSA:TRCNP Transnational Corp PLC NSA:TRCNP
87 GF Score
Price ₦41.50
GF Value ₦89.08
Valuation Significantly Undervalued
! 2 Warning Signs
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What is Transnational E10?

Transnational NSA:TRCNP +3.62% 87 E10 is ₦1.93 as of Mar. 2026. GuruFocus rates NSA:TRCNP with a GF Score™ of 87/100 and a GF Value™ of ₦89.08 (Significantly Undervalued). 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.

Transnational's adjusted earnings per share data for the three months ended in Mar. 2026 was ₦2.160. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₦1.93 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Transnational's average E10 Growth Rate was 105.30% 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 (2026-06-27), Transnational's current stock price is ₦41.50. Transnational's E10 for the quarter that ended in Mar. 2026 was ₦1.93. Transnational's Shiller PE Ratio of today is 21.50.

During the past 13 years, the highest Shiller PE Ratio of Transnational was 114.77. The lowest was 10.75. And the median was 43.10.


Transnational  (NSA:TRCNP) 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.

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

Shiller PE Ratio=Share Price/E10
=41.50/1.93
=21.50

* 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 Transnational was 114.77. The lowest was 10.75. And the median was 43.10.


Be Aware

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


Transnational E10 Related Terms


Transnational E10 Historical Data

* Premium members only.

The historical data trend for Transnational'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.

Transnational E10 Chart

Transnational 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 0.65 0.76 1.59

Transnational 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 0.94 1.16 1.27 1.59 1.93

NSA:TRCNP vs CEG, VST, NRG: E10 Comparison

For the Utilities - Independent Power Producers subindustry, Transnational'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.


Transnational Shiller PE Ratio vs Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Transnational's Shiller PE Ratio distribution charts can be found below:

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


NSA:TRCNP
87GF Score
Transnational Corp PLC NSA:TRCNP
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Transnational 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, Transnational'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)
=2.16/330.2130*330.2130
=2.160

Current CPI (Mar. 2026) = 330.2130.

Transnational Quarterly Data

per share eps CPI Adj_EPS
201503 0.125 236.119 0.175
201506 24.395 238.638 33.756
201509 -24.224 237.945 -33.617
201512 -0.257 236.525 -0.359
201606 0.000 241.018 0.000
201612 0.000 241.432 0.000
201712 0.000 246.524 0.000
201803 0.222 249.554 0.294
201806 0.242 251.989 0.317
201809 0.231 252.439 0.302
201812 0.225 251.233 0.296
201903 0.063 254.202 0.082
201906 0.108 256.143 0.139
201909 0.076 256.759 0.098
201912 -0.088 256.974 -0.113
202003 -0.050 258.115 -0.064
202006 -0.061 257.797 -0.078
202009 -0.025 260.280 -0.032
202012 0.056 260.474 0.071
202103 0.072 264.877 0.090
202106 0.245 271.696 0.298
202109 0.386 274.310 0.465
202112 0.657 278.802 0.778
202203 0.207 287.504 0.238
202206 0.369 296.311 0.411
202209 0.301 296.808 0.335
202212 -0.117 296.797 -0.130
202303 0.103 301.836 0.113
202306 1.088 305.109 1.178
202309 0.368 307.789 0.395
202312 0.155 306.746 0.167
202403 0.610 312.332 0.645
202406 0.200 314.175 0.210
202409 0.200 315.301 0.209
202412 0.350 315.605 0.366
202503 1.920 319.799 1.983
202506 2.160 322.561 2.211
202509 1.260 324.800 1.281
202512 3.100 324.054 3.159
202603 2.160 330.213 2.160

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 ₦1.93 mean?
Transnational (NSA:TRCNP) has a E10 of ₦1.93 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Transnational and its competitors.
Is Transnational's E10 too high?
Transnational's current E10 is ₦1.93. Overall, Transnational has a GF Score™ of 87/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Transnational's E10 compare to CEG and VST?
Transnational's E10 of ₦1.93 can be compared against companies in the Utilities - Independent Power Producers 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 Utilities - Independent Power Producers company?
A good E10 depends on the Utilities - Independent Power Producers 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 Transnational and its competitors. Transnational's current E10 is ₦1.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Transnational stock overvalued right now?
Based on GuruFocus' analysis, Transnational (NSA:TRCNP) is currently considered Significantly Undervalued. The stock's GF Value™ is ₦89.08, compared to a current price of ₦41.50 — trading 53.4% below its estimated fair value. The current E10 is ₦1.93. Transnational's overall GF Score™ is 87/100 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 Transnational (NSA:TRCNP), the current E10 is ₦1.93 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 Transnational (NSA:TRCNP) Overvalued in 2026?

Based on GuruFocus' analysis, Transnational stock appears to be undervalued. The current stock price of ₦41.50 is trading 53.4% below its estimated GF Value™ of ₦89.08. GuruFocus considers Transnational to be Significantly Undervalued.

Key valuation signals for NSA:TRCNP:

  • E10: ₦1.93
  • GF Value™: ₦89.08 vs. price of ₦41.50 (53.4% below fair value)
  • GF Score™: 87/100 with 2 warning signs

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


Transnational Business Description

Address 38b Glover Road, Transnational House, Ikoyi, Lagos, NGA
Transnational Corp PLC is a diversified conglomerate. Its business segments are Power, Oil and Gas, Hospitality, Corporate Centre, and Agro-allied. The group generates the majority of the revenue from the Power segment. In the Power segment, the company through its subsidiary, is engaged in the generation of electric power. The group provides hospitality services to the customers in the Hospitality segment. Oil and Gas segment includes exploration, refining, and marketing of petroleum products, and in the Agro-Allied segment, the group processes fruit concentrates from fruits. The Corporate Centre segment is the parent Company, Transnational Corporation of Nigeria Plc, and the other non-operational subsidiaries.
87GF Score

Get the complete analysis for NSA:TRCNP

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

₦41.50
Price
₦89.08
GF Value