Sea (SE) E10: $-2.01 (As of Mar. 2026)


SE Sea Ltd SE
75 GF Score
Price $111.14
GF Value $134.62
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Sea E10?

Sea SE +1.86% 75 E10 is $-2.01 as of Mar. 2026. GuruFocus rates SE with a GF Score™ of 75/100 and a GF Value™ of $134.62 (Modestly 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.

Sea's adjusted earnings per share data for the three months ended in Mar. 2026 was $0.670. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $-2.01 for the trailing ten years ended in Mar. 2026.

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 (2026-07-11), Sea's current stock price is $111.14. Sea's E10 for the quarter that ended in Mar. 2026 was $-2.01. Sea's Shiller PE Ratio of today is .


Sea  (NYSE:SE) 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.


Be Aware

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


Sea E10 Related Terms


Sea E10 Historical Data

* Premium members only.

The historical data trend for Sea'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.

Sea E10 Chart

Sea 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 -2.09

Sea 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 0.00 0.00 0.00 -2.09 -2.01

SE vs EBAY, JD, DASH: E10 Comparison

For the Internet Retail subindustry, Sea'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.


Sea Shiller PE Ratio vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Sea's Shiller PE Ratio distribution charts can be found below:

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


SE
75GF Score
Sea Ltd SE
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
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Sea 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, Sea'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)
=0.67/330.2130*330.2130
=0.670

Current CPI (Mar. 2026) = 330.2130.

Sea Quarterly Data

per share eps CPI Adj_EPS
201512 0.000 236.525 0.000
201609 -0.248 241.428 -0.339
201612 -0.276 241.432 -0.377
201703 -0.280 243.801 -0.379
201706 -0.290 244.955 -0.391
201709 -0.418 246.819 -0.559
201712 -0.900 246.524 -1.206
201803 -0.640 249.554 -0.847
201806 -0.749 251.989 -0.982
201809 -0.651 252.439 -0.852
201812 -0.810 251.233 -1.065
201903 -1.860 254.202 -2.416
201906 -0.629 256.143 -0.811
201909 -0.445 256.759 -0.572
201912 -0.620 256.974 -0.797
202003 -0.610 258.115 -0.780
202006 -0.832 257.797 -1.066
202009 -0.870 260.280 -1.104
202012 -1.060 260.474 -1.344
202103 -0.820 264.877 -1.022
202106 -0.811 271.696 -0.986
202109 -1.034 274.310 -1.245
202112 -1.120 278.802 -1.327
202203 -1.040 287.504 -1.194
202206 -1.658 296.311 -1.848
202209 -1.010 296.808 -1.124
202212 0.720 296.797 0.801
202303 0.150 301.836 0.164
202306 0.540 305.109 0.584
202309 -0.260 307.789 -0.279
202312 -0.190 306.746 -0.205
202403 -0.040 312.332 -0.042
202406 0.140 314.175 0.147
202409 0.240 315.301 0.251
202412 0.390 315.605 0.408
202503 0.650 319.799 0.671
202506 0.650 322.561 0.665
202509 0.590 324.800 0.600
202512 0.630 324.054 0.642
202603 0.670 330.213 0.670

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 $-2.01 mean?
Sea (SE) has a E10 of $-2.01 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Sea and its competitors.
Is Sea's E10 too high?
Sea's current E10 is $-2.01. Overall, Sea has a GF Score™ of 75/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Sea's E10 compare to EBAY and JD?
Sea's E10 of $-2.01 can be compared against companies in the Retail - Cyclical 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 Retail - Cyclical company?
A good E10 depends on the Retail - Cyclical 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 Sea and its competitors. Sea's current E10 is $-2.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sea stock overvalued right now?
Based on GuruFocus' analysis, Sea (SE) is currently considered Modestly Undervalued. The stock's GF Value™ is $134.62, compared to a current price of $111.14 — trading 17.4% below its estimated fair value. The current E10 is $-2.01. Sea's overall GF Score™ is 75/100 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 Sea (SE), the current E10 is $-2.01 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 Sea (SE) Overvalued in 2026?

Based on GuruFocus' analysis, Sea stock appears to be undervalued. The current stock price of $111.14 is trading 17.4% below its estimated GF Value™ of $134.62. GuruFocus considers Sea to be Modestly Undervalued.

Key valuation signals for SE:

  • E10: $-2.01
  • GF Value™: $134.62 vs. price of $111.14 (17.4% below fair value)
  • GF Score™: 75/100 with 2 warning signs

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


Sea Business Description

Address 1 Fusionopolis Place, No. 17-10, Galaxis, Singapore, SGP, 138522
Sea started as a gaming business, Garena, but in 2015 expanded into e-commerce. Sea operates Southeast Asia's largest e-commerce company, Shopee, in terms of gross merchandise value. Shopee is a hybrid consumer-to-consumer and business-to-consumer marketplace platform operating in Indonesia, Taiwan, Vietnam, Thailand, Malaysia, the Philippines, and Brazil. For Garena, Free Fire is the key revenue-generating game. Sea's third business, Monee, provides lending, payment, digital banking, and insurance services. As of March 2025, Forrest Li, the founder, chair, and CEO, owned 59.1% of the voting power. Tencent owned 18.5% of issued shares with no voting power.
75GF Score

Get the complete analysis for SE

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

$111.14
Price
$134.62
GF Value