PGGCY (Piaggio & C. SpA) E10: $0.88 (As of Mar. 2026)


PGGCY Piaggio & C. SpA PGGCY
85 GF Score
Price $7.94
GF Value $11.40
Valuation Possible Value Trap
! 7 Warning Signs
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What is Piaggio & C. SpA E10?

Piaggio & C. SpA PGGCY -11.78% 85 E10 is $0.88 as of Mar. 2026. GuruFocus rates PGGCY with a GF Score™ of 85/100 and a GF Value™ of $11.40 (Possible Value Trap). 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 $0.069. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $0.88 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 (2026-07-03), Piaggio & C. SpA's current stock price is $7.94. Piaggio & C. SpA's E10 for the quarter that ended in Mar. 2026 was $0.88. Piaggio & C. SpA's Shiller PE Ratio of today is 9.02.

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 29.48.


Piaggio & C. SpA  (OTCPK:PGGCY) 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
=7.94/0.88
=9.02

* 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 29.48.


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 0.44 0.57 0.70 1.02 0.74

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 0.71 0.72 0.69 0.74 0.88

PGGCY 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.


PGGCY
85GF Score
Piaggio & C. SpA PGGCY
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)
=0.069/122.6000*122.6000
=0.069

Current CPI (Mar. 2026) = 122.6000.

Piaggio & C. SpA Quarterly Data

per share eps CPI Adj_EPS
201606 0.211 99.900 0.259
201609 0.013 100.100 0.016
201612 -0.059 100.300 -0.072
201703 0.017 101.000 0.021
201706 0.247 101.100 0.300
201709 0.052 101.200 0.063
201712 -0.066 101.200 -0.080
201803 0.054 101.800 0.065
201806 0.294 102.400 0.352
201809 0.131 102.600 0.157
201812 -0.005 102.300 -0.006
201903 0.099 102.800 0.118
201906 0.339 103.100 0.403
201909 0.141 102.900 0.168
201912 0.009 102.800 0.011
202003 0.040 102.900 0.048
202006 0.072 102.900 0.086
202009 0.269 102.300 0.322
202012 0.029 102.600 0.035
202103 0.148 103.700 0.175
202106 0.439 104.200 0.517
202109 0.104 104.900 0.122
202112 0.108 106.600 0.124
202203 0.154 110.400 0.171
202206 0.389 112.500 0.424
202209 0.285 114.200 0.306
202212 0.169 119.000 0.174
202303 0.291 118.800 0.300
202306 0.498 119.700 0.510
202309 0.252 120.300 0.257
202312 0.065 119.700 0.067
202403 0.230 120.200 0.235
202406 0.405 120.700 0.411
202409 0.129 121.200 0.130
202412 0.059 121.200 0.060
202503 0.108 122.500 0.108
202506 0.277 122.700 0.277
202509 0.023 123.100 0.023
202512 0.028 122.600 0.028
202603 0.069 122.600 0.069

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 $0.88 mean?
Piaggio & C. SpA (PGGCY) has a E10 of $0.88 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 $0.88. Overall, Piaggio & C. SpA has a GF Score™ of 85/100 and is considered Possible Value Trap, 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 $0.88 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 $0.88. 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 (PGGCY) is currently considered Possible Value Trap. The stock's GF Value™ is $11.40, compared to a current price of $7.94 — trading 30.4% below its estimated fair value. The current E10 is $0.88. Piaggio & C. SpA's overall GF Score™ is 85/100 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 (PGGCY), the current E10 is $0.88 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 (PGGCY) Overvalued in 2026?

Based on GuruFocus' analysis, Piaggio & C. SpA stock appears to be undervalued. The current stock price of $7.94 is trading 30.4% below its estimated GF Value™ of $11.40. GuruFocus considers Piaggio & C. SpA to be Possible Value Trap.

Key valuation signals for PGGCY:

  • E10: $0.88
  • GF Value™: $11.40 vs. price of $7.94 (30.4% below fair value)
  • GF Score™: 85/100 with 7 warning signs

No single metric tells the full story. See the PGGCY 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.
85GF Score

Get the complete analysis for PGGCY

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

$7.94
Price
$11.40
GF Value