SHZNF (Shenzhen Expressway) E10: $0.09 (As of Mar. 2026)


SHZNF Shenzhen Expressway Corp Ltd SHZNF
67 GF Score
Price $0.95
GF Value $1.10
! 7 Warning Signs
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What is Shenzhen Expressway E10?

Shenzhen Expressway SHZNF 67 E10 is $0.09 as of Mar. 2026. GuruFocus rates SHZNF with a GF Score™ of 67/100 and a GF Value™ of $1.10. 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.

Shenzhen Expressway's adjusted earnings per share data for the three months ended in Mar. 2026 was $0.028. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $0.09 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Shenzhen Expressway's average E10 Growth Rate was -3.20% per year. During the past 3 years, the average E10 Growth Rate was -1.80% per year. During the past 5 years, the average E10 Growth Rate was 2.10% per year. During the past 10 years, the average E10 Growth Rate was 8.70% 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 Shenzhen Expressway was 17.10% per year. The lowest was -1.80% per year. And the median was 10.10% per year.

As of today (2026-06-25), Shenzhen Expressway's current stock price is $0.94975. Shenzhen Expressway's E10 for the quarter that ended in Mar. 2026 was $0.09. Shenzhen Expressway's Shiller PE Ratio of today is 10.55.

During the past 13 years, the highest Shiller PE Ratio of Shenzhen Expressway was 19.60. The lowest was 7.95. And the median was 11.71.


Shenzhen Expressway  (OTCPK:SHZNF) 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.

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

Shiller PE Ratio=Share Price/E10
=0.94975/0.09
=10.55

* 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 Shenzhen Expressway was 19.60. The lowest was 7.95. And the median was 11.71.


Be Aware

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


Shenzhen Expressway E10 Related Terms


Shenzhen Expressway E10 Historical Data

* Premium members only.

The historical data trend for Shenzhen Expressway'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.

Shenzhen Expressway E10 Chart

Shenzhen Expressway 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 0.09 0.08 0.10 0.06 0.09

Shenzhen Expressway 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 0.07 0.08 0.09 0.09 0.09

Shenzhen Expressway E10 Competitor Comparison

For the Infrastructure Operations subindustry, Shenzhen Expressway'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.


Shenzhen Expressway Shiller PE Ratio vs Construction Industry

For the Construction industry and Industrials sector, Shenzhen Expressway's Shiller PE Ratio distribution charts can be found below:

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


SHZNF
67GF Score
Shenzhen Expressway Corp Ltd SHZNF
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
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Shenzhen Expressway 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, Shenzhen Expressway'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)
=0.028/116.3033*116.3033
=0.028

Current CPI (Mar. 2026) = 116.3033.

Shenzhen Expressway Quarterly Data

per share eps CPI Adj_EPS
201606 0.025 101.400 0.029
201609 0.023 102.400 0.026
201612 0.015 102.600 0.017
201703 0.022 103.200 0.025
201706 0.025 103.100 0.028
201709 0.032 104.100 0.036
201712 0.015 104.500 0.017
201803 0.029 105.300 0.032
201806 0.041 104.900 0.045
201809 0.037 106.600 0.040
201812 0.128 106.500 0.140
201903 0.032 107.700 0.035
201906 0.074 107.700 0.080
201909 0.037 109.800 0.039
201912 0.028 111.200 0.029
202003 -0.009 112.300 -0.009
202006 0.012 110.400 0.013
202009 0.039 111.700 0.041
202012 0.097 111.500 0.101
202103 0.035 112.662 0.036
202106 0.044 111.769 0.046
202109 0.048 112.215 0.050
202112 0.046 113.108 0.047
202203 0.026 114.335 0.026
202206 0.027 114.558 0.027
202209 0.073 115.339 0.074
202212 -0.003 115.116 -0.003
202303 0.026 115.116 0.026
202306 0.028 114.558 0.028
202309 0.035 115.339 0.035
202312 0.048 114.781 0.049
202403 0.027 115.227 0.027
202406 0.016 114.781 0.016
202409 0.036 115.785 0.036
202412 -0.017 114.893 -0.017
202503 0.028 115.116 0.028
202506 0.025 114.907 0.025
202509 0.027 115.471 0.027
202512 -0.021 115.832 -0.021
202603 0.028 116.303 0.028

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 $0.09 mean?
Shenzhen Expressway (SHZNF) has a E10 of $0.09 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Shenzhen Expressway and its competitors.
Is Shenzhen Expressway's E10 too high?
Shenzhen Expressway's current E10 is $0.09. Overall, Shenzhen Expressway has a GF Score™ of 67/100, reflecting its overall financial health beyond just this single metric.
How does Shenzhen Expressway's E10 compare to competitors?
Shenzhen Expressway's E10 of $0.09 can be compared against companies in the Construction 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 Construction company?
A good E10 depends on the Construction 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 Shenzhen Expressway and its competitors. Shenzhen Expressway's current E10 is $0.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shenzhen Expressway stock overvalued right now?
Shenzhen Expressway (SHZNF) has a current E10 of $0.09. The stock's GF Value™ is $1.10, compared to a current price of $0.95 — trading 13.7% below its estimated fair value. The current E10 is $0.09. Shenzhen Expressway's overall GF Score™ is 67/100 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 Shenzhen Expressway (SHZNF), the current E10 is $0.09 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 Shenzhen Expressway (SHZNF) Overvalued in 2026?

Based on GuruFocus' analysis, Shenzhen Expressway stock appears to be undervalued. The current stock price of $0.95 is trading 13.7% below its estimated GF Value™ of $1.10.

Key valuation signals for SHZNF:

  • E10: $0.09
  • GF Value™: $1.10 vs. price of $0.95 (13.7% below fair value)
  • GF Score™: 67/100 with 7 warning signs

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


Shenzhen Expressway Business Description

Address Shennan Avenue, No. 9968, Hanking Centre, 46th Floor, Nanshan District, Guangdong Province, Shenzhen, CHN, 518057
Shenzhen Expressway Corp Ltd is engaged in the construction, operation, management, and investment of toll highways and environmental protection in China. The Group has identified two reporting segments, namely the toll road segment and the environmental protection segment. The toll road segment takes charge of the operation and management of toll roads in Mainland China. The environmental protection segment operates and manages environmentally related infrastructure, mainly including solid waste treatment, clean energy, and other related fields. The majority of its revenue is derived from the toll road segment.
67GF Score

Get the complete analysis for SHZNF

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

$0.95
Price
$1.10
GF Value