Shanghai International Airport Co (SHSE:600009) E10: ¥0.81 (As of Mar. 2026)

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Director of Data and Quant Analytics at GuruFocus
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SHSE:600009 Shanghai International Airport Co Ltd SHSE:600009
71 GF Score
Price ¥23.78
GF Value ¥36.52
Valuation Significantly Undervalued
! 3 Warning Signs
View Full Analysis

What is Shanghai International Airport Co E10?

Shanghai International Airport Co SHSE:600009 +1.45% 71 E10 is ¥0.81 as of Mar. 2026. GuruFocus rates SHSE:600009 with a GF Score™ of 71/100 and a GF Value™ of ¥36.52 (Significantly Undervalued). The stock has 3 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.

Shanghai International Airport Co's adjusted earnings per share data for the three months ended in Mar. 2026 was ¥0.230. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ¥0.81 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Shanghai International Airport Co's average E10 Growth Rate was -5.80% per year. During the past 3 years, the average E10 Growth Rate was -6.70% per year. During the past 5 years, the average E10 Growth Rate was -9.80% per year. During the past 10 years, the average E10 Growth Rate was -1.80% 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 Shanghai International Airport Co was 16.20% per year. The lowest was -12.70% per year. And the median was 9.40% per year.

As of today (2026-07-16), Shanghai International Airport Co's current stock price is ¥23.78. Shanghai International Airport Co's E10 for the quarter that ended in Mar. 2026 was ¥0.81. Shanghai International Airport Co's Shiller PE Ratio of today is 29.36.

During the past 13 years, the highest Shiller PE Ratio of Shanghai International Airport Co was 63.18. The lowest was 27.58. And the median was 40.85.


Shanghai International Airport Co  (SHSE:600009) 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.

Shanghai International Airport Co's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=23.78/0.81
=29.36

* 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 Shanghai International Airport Co was 63.18. The lowest was 27.58. And the median was 40.85.


Be Aware

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


Shanghai International Airport Co E10 Related Terms


Shanghai International Airport Co E10 Historical Data

* Premium members only.

The historical data trend for Shanghai International Airport Co'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.

Shanghai International Airport Co E10 Chart

Shanghai International Airport Co 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 1.21 1.01 0.93 0.88 0.82

Shanghai International Airport Co 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 0.86 0.84 0.83 0.82 0.81

SHSE:600009 vs JOBY, CAAP: E10 Comparison

For the Airports & Air Services subindustry, Shanghai International Airport Co'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.


Shanghai International Airport Co Shiller PE Ratio vs Transportation Industry

For the Transportation industry and Industrials sector, Shanghai International Airport Co's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Shanghai International Airport Co's Shiller PE Ratio falls into.


SHSE:600009
71GF Score
Shanghai International Airport Co Ltd SHSE:600009
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Shanghai International Airport Co 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, Shanghai International Airport Co'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)
=0.23/116.3033*116.3033
=0.230

Current CPI (Mar. 2026) = 116.3033.

Shanghai International Airport Co Quarterly Data

per share eps CPI Adj_EPS
201606 0.400 101.400 0.459
201609 0.360 102.400 0.409
201612 0.370 102.600 0.419
201703 0.410 103.200 0.462
201706 0.470 103.100 0.530
201709 0.520 104.100 0.581
201712 0.510 104.500 0.568
201803 0.530 105.300 0.585
201806 0.520 104.900 0.577
201809 0.580 106.600 0.633
201812 0.570 106.500 0.622
201903 0.720 107.700 0.778
201906 0.680 107.700 0.734
201909 0.670 109.800 0.710
201912 0.540 111.200 0.565
202003 0.040 112.300 0.041
202006 -0.240 110.400 -0.253
202009 -0.180 111.700 -0.187
202012 -0.280 111.500 -0.292
202103 -0.230 112.662 -0.237
202106 -0.150 111.769 -0.156
202109 -0.171 112.215 -0.177
202112 -0.250 113.108 -0.257
202203 -0.220 114.335 -0.224
202206 -0.390 114.558 -0.396
202209 -0.230 115.339 -0.232
202212 -0.420 115.116 -0.424
202303 -0.040 115.116 -0.040
202306 0.090 114.558 0.091
202309 0.150 115.339 0.151
202312 0.180 114.781 0.182
202403 0.160 115.227 0.161
202406 0.170 114.781 0.172
202409 0.150 115.785 0.151
202412 0.300 114.893 0.304
202503 0.210 115.116 0.212
202506 0.210 114.907 0.213
202509 0.240 115.471 0.242
202512 0.190 115.832 0.191
202603 0.230 116.303 0.230

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 ¥0.81 mean?
Shanghai International Airport Co (SHSE:600009) has a E10 of ¥0.81 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Shanghai International Airport Co and its competitors.
Is Shanghai International Airport Co's E10 too high?
Shanghai International Airport Co's current E10 is ¥0.81. Overall, Shanghai International Airport Co has a GF Score™ of 71/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Shanghai International Airport Co's E10 compare to JOBY and CAAP?
Shanghai International Airport Co's E10 of ¥0.81 can be compared against companies in the Transportation 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 Transportation company?
A good E10 depends on the Transportation 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 Shanghai International Airport Co and its competitors. Shanghai International Airport Co's current E10 is ¥0.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shanghai International Airport Co stock overvalued right now?
Based on GuruFocus' analysis, Shanghai International Airport Co (SHSE:600009) is currently considered Significantly Undervalued. The stock's GF Value™ is ¥36.52, compared to a current price of ¥23.78 — trading 34.9% below its estimated fair value. The current E10 is ¥0.81. Shanghai International Airport Co's overall GF Score™ is 71/100 with 3 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 Shanghai International Airport Co (SHSE:600009), the current E10 is ¥0.81 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 Shanghai International Airport Co (SHSE:600009) Overvalued in 2026?

Based on GuruFocus' analysis, Shanghai International Airport Co stock appears to be undervalued. The current stock price of ¥23.78 is trading 34.9% below its estimated GF Value™ of ¥36.52. GuruFocus considers Shanghai International Airport Co to be Significantly Undervalued.

Key valuation signals for SHSE:600009:

  • E10: ¥0.81
  • GF Value™: ¥36.52 vs. price of ¥23.78 (34.9% below fair value)
  • GF Score™: 71/100 with 3 warning signs

No single metric tells the full story. See the SHSE:600009 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Shanghai International Airport Co Business Description

Address No. 900 Qihang Road, Pudong New Area, Shanghai, CHN, 201207
Shanghai International Airport Co Ltd is engaged in airport services at the Pudong International Airport in Shanghai, China. The company's principal activities consist of ground handling services for domestic and foreign airlines and passengers, and the provision of other airport-related services.
71GF Score

Get the complete analysis for SHSE:600009

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

¥23.78
Price
¥36.52
GF Value