SNWV (SANUWAVE Health) E10: $-19.87 (As of Mar. 2026)


SNWV SANUWAVE Health Inc SNWV
38 GF Score
Price $8.57
GF Value $11.86
Valuation Modestly Undervalued
! 8 Warning Signs
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What is SANUWAVE Health E10?

SANUWAVE Health SNWV +4.39% 38 E10 is $-19.87 as of Mar. 2026. GuruFocus rates SNWV with a GF Score™ of 38/100 and a GF Value™ of $11.86 (Modestly Undervalued). The stock has 8 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.

SANUWAVE Health's adjusted earnings per share data for the three months ended in Mar. 2026 was $-0.170. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $-19.87 for the trailing ten years ended in Mar. 2026.

During the past 3 years, the average E10 Growth Rate was 24.00% per year. During the past 5 years, the average E10 Growth Rate was 23.80% 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 SANUWAVE Health was 27.50% per year. The lowest was 10.70% per year. And the median was 25.20% per year.

As of today (2026-06-25), SANUWAVE Health's current stock price is $8.57. SANUWAVE Health's E10 for the quarter that ended in Mar. 2026 was $-19.87. SANUWAVE Health's Shiller PE Ratio of today is .


SANUWAVE Health  (NAS:SNWV) 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.


SANUWAVE Health E10 Related Terms


SANUWAVE Health E10 Historical Data

* Premium members only.

The historical data trend for SANUWAVE Health'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.

SANUWAVE Health E10 Chart

SANUWAVE Health 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 -57.18 -46.76 -29.06 -23.94 -20.50

SANUWAVE Health 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 -23.31 -22.50 -21.58 -20.50 -19.87

SNWV vs QTRX, CVRX, NNOX: E10 Comparison

For the Medical Devices subindustry, SANUWAVE Health'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.


SANUWAVE Health Shiller PE Ratio vs Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, SANUWAVE Health's Shiller PE Ratio distribution charts can be found below:

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


SNWV
38GF Score
SANUWAVE Health Inc SNWV
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
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SANUWAVE Health 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, SANUWAVE Health'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)
=-0.17/330.2130*330.2130
=-0.170

Current CPI (Mar. 2026) = 330.2130.

SANUWAVE Health Quarterly Data

per share eps CPI Adj_EPS
201606 -3.750 241.018 -5.138
201609 -3.750 241.428 -5.129
201612 -7.500 241.432 -10.258
201703 -1.341 243.801 -1.816
201706 -3.750 244.955 -5.055
201709 -3.750 246.819 -5.017
201712 -7.500 246.524 -10.046
201803 -15.000 249.554 -19.848
201806 -7.500 251.989 -9.828
201809 -3.750 252.439 -4.905
201812 -7.500 251.233 -9.858
201903 -3.750 254.202 -4.871
201906 -7.500 256.143 -9.669
201909 -3.750 256.759 -4.823
201912 -3.750 256.974 -4.819
202003 -3.750 258.115 -4.797
202006 -3.750 257.797 -4.803
202009 -11.250 260.280 -14.273
202012 -7.500 260.474 -9.508
202103 -3.750 264.877 -4.675
202106 -7.500 271.696 -9.115
202109 -3.750 274.310 -4.514
202112 -7.500 278.802 -8.883
202203 -3.750 287.504 -4.307
202206 0.707 296.311 0.788
202209 -0.761 296.808 -0.847
202212 -3.750 296.797 -4.172
202303 -7.500 301.836 -8.205
202306 -3.750 305.109 -4.059
202309 -9.950 307.789 -10.675
202312 11.960 306.746 12.875
202403 -1.460 312.332 -1.544
202406 1.770 314.175 1.860
202409 -6.490 315.301 -6.797
202412 -1.492 315.605 -1.561
202503 -0.720 319.799 -0.743
202506 0.010 322.561 0.010
202509 0.460 324.800 0.468
202512 0.030 324.054 0.031
202603 -0.170 330.213 -0.170

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 $-19.87 mean?
SANUWAVE Health (SNWV) has a E10 of $-19.87 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on SANUWAVE Health and its competitors.
Is SANUWAVE Health's E10 too high?
SANUWAVE Health's current E10 is $-19.87. Overall, SANUWAVE Health has a GF Score™ of 38/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does SANUWAVE Health's E10 compare to QTRX and CVRX?
SANUWAVE Health's E10 of $-19.87 can be compared against companies in the Medical Devices & Instruments 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 Medical Devices & Instruments company?
A good E10 depends on the Medical Devices & Instruments 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 SANUWAVE Health and its competitors. SANUWAVE Health's current E10 is $-19.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SANUWAVE Health stock overvalued right now?
Based on GuruFocus' analysis, SANUWAVE Health (SNWV) is currently considered Modestly Undervalued. The stock's GF Value™ is $11.86, compared to a current price of $8.57 — trading 27.7% below its estimated fair value. The current E10 is $-19.87. SANUWAVE Health's overall GF Score™ is 38/100 with 8 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 SANUWAVE Health (SNWV), the current E10 is $-19.87 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 SANUWAVE Health (SNWV) Overvalued in 2026?

Based on GuruFocus' analysis, SANUWAVE Health stock appears to be undervalued. The current stock price of $8.57 is trading 27.7% below its estimated GF Value™ of $11.86. GuruFocus considers SANUWAVE Health to be Modestly Undervalued.

Key valuation signals for SNWV:

  • E10: $-19.87
  • GF Value™: $11.86 vs. price of $8.57 (27.7% below fair value)
  • GF Score™: 38/100 with 8 warning signs

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


SANUWAVE Health Business Description

Address 9600 W. 76th Street, Suite 118, Eden Prairie, MN, USA, 55344
SANUWAVE Health Inc is a medical device company providing directed energy products into the wound care space. It is focused on the commercialization of its patented regenerative medicine utilizing noninvasive ultrasound or shockwaves to produce a biological response promoting the repair and regeneration of tissue, musculoskeletal, and vascular structures. Sanuwave's patented, FDA-cleared, and commercialised product is the UltraMIST system, which is used to treat a variety of acute and chronic wounds using ultrasound technology. The company operates in one reportable segment, the design and sale of medical devices. Geographically, the company generates revenue mainly from the United States.
38GF Score

Get the complete analysis for SNWV

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

$8.57
Price
$11.86
GF Value