Lafarge Africa (NSA:WAPCO) E10: ₦4.10 (As of Mar. 2026)


NSA:WAPCO Lafarge Africa PLC NSA:WAPCO
87 GF Score
Price ₦317.40
GF Value ₦126.47
Valuation Significantly Overvalued
! 5 Warning Signs
View Full Analysis

What is Lafarge Africa E10?

Lafarge Africa NSA:WAPCO 87 E10 is ₦4.10 as of Mar. 2026. GuruFocus rates NSA:WAPCO with a GF Score™ of 87/100 and a GF Value™ of ₦126.47 (Significantly 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.

Lafarge Africa's adjusted earnings per share data for the three months ended in Mar. 2026 was ₦6.080. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₦4.10 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Lafarge Africa's average E10 Growth Rate was 46.40% per year. During the past 3 years, the average E10 Growth Rate was -2.40% 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 Lafarge Africa was -2.40% per year. The lowest was -9.20% per year. And the median was -5.80% per year.

As of today (2026-06-28), Lafarge Africa's current stock price is ₦317.40. Lafarge Africa's E10 for the quarter that ended in Mar. 2026 was ₦4.10. Lafarge Africa's Shiller PE Ratio of today is 77.41.

During the past 13 years, the highest Shiller PE Ratio of Lafarge Africa was 85.12. The lowest was 5.37. And the median was 9.05.


Lafarge Africa  (NSA:WAPCO) 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.

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

Shiller PE Ratio=Share Price/E10
=317.40/4.10
=77.41

* 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 Lafarge Africa was 85.12. The lowest was 5.37. And the median was 9.05.


Be Aware

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


Lafarge Africa E10 Related Terms


Lafarge Africa E10 Historical Data

* Premium members only.

The historical data trend for Lafarge Africa'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.

Lafarge Africa E10 Chart

Lafarge Africa 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 3.69 3.84 3.76 2.76 3.57

Lafarge Africa 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 2.80 3.33 3.56 3.57 4.10

NSA:WAPCO vs CRH, VMC, MLM: E10 Comparison

For the Building Materials subindustry, Lafarge Africa'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.


Lafarge Africa Shiller PE Ratio vs Building Materials Industry

For the Building Materials industry and Basic Materials sector, Lafarge Africa's Shiller PE Ratio distribution charts can be found below:

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


NSA:WAPCO
87GF Score
Lafarge Africa PLC NSA:WAPCO
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Lafarge Africa 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, Lafarge Africa'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)
=6.08/330.2130*330.2130
=6.080

Current CPI (Mar. 2026) = 330.2130.

Lafarge Africa Quarterly Data

per share eps CPI Adj_EPS
201512 -2.561 236.525 -3.575
201609 0.000 241.428 0.000
201612 0.000 241.432 0.000
201703 0.000 243.801 0.000
201706 2.680 244.955 3.613
201709 -3.477 246.819 -4.652
201712 -6.467 246.524 -8.662
201803 -0.230 249.554 -0.304
201806 -0.220 251.989 -0.288
201809 -0.750 252.439 -0.981
201812 0.146 251.233 0.192
201903 0.200 254.202 0.260
201906 0.360 256.143 0.464
201909 6.900 256.759 8.874
201912 -0.314 256.974 -0.403
202003 0.500 258.115 0.640
202006 0.950 257.797 1.217
202009 0.300 260.280 0.381
202012 0.160 260.474 0.203
202103 0.570 264.877 0.711
202106 1.190 271.696 1.446
202109 0.750 274.310 0.903
202112 0.659 278.802 0.781
202203 1.090 287.504 1.252
202206 1.230 296.311 1.371
202209 0.460 296.808 0.512
202212 0.540 296.797 0.601
202303 0.930 301.836 1.017
202306 1.270 305.109 1.374
202309 0.240 307.789 0.257
202312 0.730 306.746 0.786
202403 0.320 312.332 0.338
202406 1.500 314.175 1.577
202409 1.910 315.301 2.000
202412 2.488 315.605 2.603
202503 3.020 319.799 3.118
202506 5.220 322.561 5.344
202509 4.660 324.800 4.738
202512 4.056 324.054 4.133
202603 6.080 330.213 6.080

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 ₦4.10 mean?
Lafarge Africa (NSA:WAPCO) has a E10 of ₦4.10 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Lafarge Africa and its competitors.
Is Lafarge Africa's E10 too high?
Lafarge Africa's current E10 is ₦4.10. Overall, Lafarge Africa has a GF Score™ of 87/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Lafarge Africa's E10 compare to CRH and VMC?
Lafarge Africa's E10 of ₦4.10 can be compared against companies in the Building Materials 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 Building Materials company?
A good E10 depends on the Building Materials 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 Lafarge Africa and its competitors. Lafarge Africa's current E10 is ₦4.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lafarge Africa stock overvalued right now?
Based on GuruFocus' analysis, Lafarge Africa (NSA:WAPCO) is currently considered Significantly Overvalued. The stock's GF Value™ is ₦126.47, compared to a current price of ₦317.40 — trading 151% above its estimated fair value. The current E10 is ₦4.10. Lafarge Africa's overall GF Score™ is 87/100 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 Lafarge Africa (NSA:WAPCO), the current E10 is ₦4.10 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 Lafarge Africa (NSA:WAPCO) Overvalued in 2026?

Based on GuruFocus' analysis, Lafarge Africa stock appears to be overvalued. The current stock price of ₦317.40 is trading 151% above its estimated GF Value™ of ₦126.47. GuruFocus considers Lafarge Africa to be Significantly Overvalued.

Key valuation signals for NSA:WAPCO:

  • E10: ₦4.10
  • GF Value™: ₦126.47 vs. price of ₦317.40 (151% above fair value)
  • GF Score™: 87/100 with 5 warning signs

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


Lafarge Africa Business Description

Address No. 27B, Gerrard Road, Ikoyi, Lagos, NGA
Lafarge Africa PLC through its subsidiaries is engaged in manufacturing and marketing of cement, concrete, and aggregates products, including the provision of building solutions. The brands in products portfolio of the company includes ECOPlanet Unicem, Elephant cement, ThermoSet, Watershield, Powermax, and Supaset cement among others. It has two segments Cement & Readymix products. The majority of the revenue is generated from the cement segment.
87GF Score

Get the complete analysis for NSA:WAPCO

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

₦317.40
Price
₦126.47
GF Value