Bank Handlowy w Warszawie (STU:6HW) E10: €2.23 (As of Mar. 2026)


STU:6HW Bank Handlowy w Warszawie SA STU:6HW
69 GF Score
Price €28.40
GF Value €18.10
Valuation Significantly Overvalued
! 6 Warning Signs
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What is Bank Handlowy w Warszawie E10?

Bank Handlowy w Warszawie STU:6HW -0.70% 69 E10 is €2.23 as of Mar. 2026. GuruFocus rates STU:6HW with a GF Score™ of 69/100 and a GF Value™ of €18.10 (Significantly Overvalued). The stock has 6 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.

Bank Handlowy w Warszawie's adjusted earnings per share data for the three months ended in Mar. 2026 was €0.685. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €2.23 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Bank Handlowy w Warszawie's average E10 Growth Rate was 7.70% per year. During the past 3 years, the average E10 Growth Rate was 10.40% per year. During the past 5 years, the average E10 Growth Rate was 12.30% 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 Bank Handlowy w Warszawie was 14.40% per year. The lowest was -2.00% per year. And the median was 8.20% per year.

As of today (2026-07-04), Bank Handlowy w Warszawie's current stock price is €28.40. Bank Handlowy w Warszawie's E10 for the quarter that ended in Mar. 2026 was €2.23. Bank Handlowy w Warszawie's Shiller PE Ratio of today is 12.74.

During the past 13 years, the highest Shiller PE Ratio of Bank Handlowy w Warszawie was 14.47. The lowest was 4.79. And the median was 10.88.


Bank Handlowy w Warszawie  (STU:6HW) 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.

Bank Handlowy w Warszawie's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=28.40/2.23
=12.74

* 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 Bank Handlowy w Warszawie was 14.47. The lowest was 4.79. And the median was 10.88.


Be Aware

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


Bank Handlowy w Warszawie E10 Related Terms


Bank Handlowy w Warszawie E10 Historical Data

* Premium members only.

The historical data trend for Bank Handlowy w Warszawie'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.

Bank Handlowy w Warszawie E10 Chart

Bank Handlowy w Warszawie 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 1.26 1.46 1.87 2.03 2.20

Bank Handlowy w Warszawie 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 2.11 2.03 2.12 2.20 2.23

STU:6HW vs PNC, USB: E10 Comparison

For the Banks - Regional subindustry, Bank Handlowy w Warszawie'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.


Bank Handlowy w Warszawie Shiller PE Ratio vs Banks Industry

For the Banks industry and Financial Services sector, Bank Handlowy w Warszawie's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Bank Handlowy w Warszawie's Shiller PE Ratio falls into.


STU:6HW
69GF Score
Bank Handlowy w Warszawie SA STU:6HW
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Bank Handlowy w Warszawie 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, Bank Handlowy w Warszawie'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)
=0.685/163.0700*163.0700
=0.685

Current CPI (Mar. 2026) = 163.0700.

Bank Handlowy w Warszawie Quarterly Data

per share eps CPI Adj_EPS
201606 0.393 99.552 0.644
201609 0.257 99.064 0.423
201612 0.229 100.366 0.372
201703 0.076 101.018 0.123
201706 0.280 101.180 0.451
201709 0.304 101.343 0.489
201712 0.289 102.564 0.459
201803 0.259 102.564 0.412
201806 0.323 103.378 0.510
201809 0.281 103.378 0.443
201812 0.271 103.785 0.426
201903 0.106 104.274 0.166
201906 0.236 105.983 0.363
201909 0.201 105.983 0.309
201912 0.308 107.123 0.469
202003 0.046 109.076 0.069
202006 0.158 109.402 0.236
202009 0.203 109.320 0.303
202012 -0.102 109.565 -0.152
202103 0.699 112.658 1.012
202106 0.129 113.960 0.185
202109 0.165 115.588 0.233
202112 0.278 119.088 0.381
202203 0.500 125.031 0.652
202206 0.886 131.705 1.097
202209 0.503 135.531 0.605
202212 0.849 139.113 0.995
202303 1.069 145.950 1.194
202306 1.083 147.009 1.201
202309 1.047 146.113 1.169
202312 0.796 147.741 0.879
202403 0.803 149.044 0.879
202406 0.699 150.997 0.755
202409 0.965 153.439 1.026
202412 0.652 154.660 0.687
202503 0.770 157.021 0.800
202506 0.293 157.509 0.303
202509 0.832 158.000 0.859
202512 1.062 158.320 1.094
202603 0.685 163.070 0.685

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 €2.23 mean?
Bank Handlowy w Warszawie (STU:6HW) has a E10 of €2.23 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Bank Handlowy w Warszawie and its competitors.
Is Bank Handlowy w Warszawie's E10 too high?
Bank Handlowy w Warszawie's current E10 is €2.23. Overall, Bank Handlowy w Warszawie has a GF Score™ of 69/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Bank Handlowy w Warszawie's E10 compare to PNC and USB?
Bank Handlowy w Warszawie's E10 of €2.23 can be compared against companies in the Banks 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 Banks company?
A good E10 depends on the Banks 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 Bank Handlowy w Warszawie and its competitors. Bank Handlowy w Warszawie's current E10 is €2.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bank Handlowy w Warszawie stock overvalued right now?
Based on GuruFocus' analysis, Bank Handlowy w Warszawie (STU:6HW) is currently considered Significantly Overvalued. The stock's GF Value™ is €18.10, compared to a current price of €28.40 — trading 56.9% above its estimated fair value. The current E10 is €2.23. Bank Handlowy w Warszawie's overall GF Score™ is 69/100 with 6 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 Bank Handlowy w Warszawie (STU:6HW), the current E10 is €2.23 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 Bank Handlowy w Warszawie (STU:6HW) Overvalued in 2026?

Based on GuruFocus' analysis, Bank Handlowy w Warszawie stock appears to be overvalued. The current stock price of €28.40 is trading 56.9% above its estimated GF Value™ of €18.10. GuruFocus considers Bank Handlowy w Warszawie to be Significantly Overvalued.

Key valuation signals for STU:6HW:

  • E10: €2.23
  • GF Value™: €18.10 vs. price of €28.40 (56.9% above fair value)
  • GF Score™: 69/100 with 6 warning signs

No single metric tells the full story. See the STU:6HW stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Bank Handlowy w Warszawie Business Description

Other Exchanges BHW:Poland6HW:Germany
Address Senatorska 16 Street, Warsaw, POL, 00-923
Bank Handlowy w Warszawie SA is a Poland-based bank and the parent company of the Bank Handlowy Group. It is a subsidiary of Citigroup, through Citibank Overseas Investment Corporation. The group provides retail, corporate, and investment banking services, as well as leasing and other financial services.
69GF Score

Get the complete analysis for STU:6HW

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

€28.40
Price
€18.10
GF Value