SINGY (Singapore Airlines) E10: $0.29 (As of Jun. 2026)

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SINGY Singapore Airlines Ltd SINGY
79 GF Score
Price $11.91
GF Value $11.04
Valuation Fairly Valued
! 9 Warning Signs
View Full Analysis

What is Singapore Airlines E10?

Singapore Airlines SINGY +0.68% 79 E10 is $0.29 as of Jun. 2026. GuruFocus rates SINGY with a GF Score™ of 79/100 and a GF Value™ of $11.04 (Fairly Valued). The stock has 9 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.

Singapore Airlines's adjusted earnings per share data for the three months ended in Jun. 2026 was $-0.037. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $0.29 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Singapore Airlines's average E10 Growth Rate was -17.40% per year. During the past 3 years, the average E10 Growth Rate was 20.50% per year. During the past 5 years, the average E10 Growth Rate was 17.20% 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 Singapore Airlines was 36.70% per year. The lowest was -38.10% per year. And the median was 5.10% per year.

As of today (2026-08-02), Singapore Airlines's current stock price is $11.91. Singapore Airlines's E10 for the quarter that ended in Jun. 2026 was $0.29. Singapore Airlines's Shiller PE Ratio of today is 41.07.

During the past 13 years, the highest Shiller PE Ratio of Singapore Airlines was 64.75. The lowest was 10.08. And the median was 30.16.


Singapore Airlines  (OTCPK:SINGY) 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.

Singapore Airlines's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=11.91/0.29
=41.07

* 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 Singapore Airlines was 64.75. The lowest was 10.08. And the median was 30.16.


Be Aware

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


Singapore Airlines E10 Related Terms


Singapore Airlines E10 Historical Data

* Premium members only.

The historical data trend for Singapore Airlines'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.

Singapore Airlines E10 Chart

Singapore Airlines Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.13 0.18 0.25 0.34 0.33

Singapore Airlines Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 0.36 0.34 0.33 0.33 0.29

SINGY vs DAL, UAL, LUV: E10 Comparison

For the Airlines subindustry, Singapore Airlines'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.


Singapore Airlines Shiller PE Ratio vs Transportation Industry

For the Transportation industry and Industrials sector, Singapore Airlines's Shiller PE Ratio distribution charts can be found below:

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


SINGY
79GF Score
Singapore Airlines Ltd SINGY
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Singapore Airlines 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, Singapore Airlines's adjusted earnings per share data for the three months ended in Jun. 2026 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=-0.037/333.9520*333.9520
=-0.037

Current CPI (Jun. 2026) = 333.9520.

Singapore Airlines Quarterly Data

per share eps CPI Adj_EPS
201609 0.057 241.428 0.079
201612 0.146 241.432 0.202
201703 -0.117 243.801 -0.160
201706 0.290 244.955 0.395
201709 0.258 246.819 0.349
201712 0.343 246.524 0.465
201803 0.254 249.554 0.340
201806 0.123 251.989 0.163
201809 0.048 252.439 0.063
201812 0.246 251.233 0.327
201903 0.177 254.202 0.233
201906 0.087 256.143 0.113
201909 0.081 256.759 0.105
201912 0.245 256.974 0.318
202003 -0.548 258.115 -0.709
202006 -0.729 257.797 -0.944
202009 -1.157 260.280 -1.484
202012 -0.044 260.474 -0.056
202103 -0.333 264.877 -0.420
202106 -0.138 271.696 -0.170
202109 -0.214 274.310 -0.261
202112 0.019 278.802 0.023
202203 -0.104 287.504 -0.121
202206 0.082 296.311 0.092
202209 0.265 296.808 0.298
202212 0.149 296.797 0.168
202303 0.302 301.836 0.334
202306 0.208 305.109 0.228
202309 0.349 307.789 0.379
202312 0.234 306.746 0.255
202403 0.288 312.332 0.308
202406 0.183 314.175 0.195
202409 0.150 315.301 0.159
202412 0.767 315.605 0.812
202503 0.207 319.799 0.216
202506 0.095 322.561 0.098
202509 0.025 324.800 0.026
202512 0.248 324.054 0.256
202603 0.217 330.213 0.219
202606 -0.037 333.952 -0.037

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 $0.29 mean?
Singapore Airlines (SINGY) has a E10 of $0.29 as of Jun. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Singapore Airlines and its competitors.
Is Singapore Airlines' E10 too high?
Singapore Airlines' current E10 is $0.29. Overall, Singapore Airlines has a GF Score™ of 79/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Singapore Airlines' E10 compare to DAL and UAL?
Singapore Airlines' E10 of $0.29 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 Singapore Airlines and its competitors. Singapore Airlines's current E10 is $0.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Singapore Airlines stock overvalued right now?
Based on GuruFocus' analysis, Singapore Airlines (SINGY) is currently considered Fairly Valued. The stock's GF Value™ is $11.04, compared to a current price of $11.91 — trading 7.9% above its estimated fair value. The current E10 is $0.29. Singapore Airlines' overall GF Score™ is 79/100 with 9 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 Singapore Airlines (SINGY), the current E10 is $0.29 as of Jun. 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 Singapore Airlines (SINGY) Overvalued in 2026?

Based on GuruFocus' analysis, Singapore Airlines stock appears to be overvalued. The current stock price of $11.91 is trading 7.9% above its estimated GF Value™ of $11.04. GuruFocus considers Singapore Airlines to be Fairly Valued.

Key valuation signals for SINGY:

  • E10: $0.29
  • GF Value™: $11.04 vs. price of $11.91 (7.9% above fair value)
  • GF Score™: 79/100 with 9 warning signs

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


Singapore Airlines Business Description

Address 25 Airline Road, Airline House, Sinagapore, SGP, 819829
Singapore Airlines is Singapore's flagship carrier and one of the region's largest airlines in terms of revenue and carrying capacity. With its hub in Changi Airport, the carrier provides regional and cross-continental passenger and cargo services destined to or transiting through Singapore. The company operates under dual brands: full-service carrier SIA and low-cost regional carrier Scoot. It also owns stakes in SATS and SIA Engineering. In 2024, the merger of its associate airline Vistara with Air India resulted in Singapore Airlines owning a 25% stake in Air India.
79GF Score

Get the complete analysis for SINGY

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

$11.91
Price
$11.04
GF Value