AnGes (STU:AJW) E10: €-0.35 (As of Dec. 2025)

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Director of Data and Quant Analytics at GuruFocus
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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

STU:AJW AnGes Inc STU:AJW
45 GF Score
Price €0.24
GF Value €0.52
Valuation Possible Value Trap
! 5 Warning Signs
View Full Analysis

What is AnGes E10?

AnGes STU:AJW -2.44% 45 E10 is €-0.35 as of Dec. 2025. GuruFocus rates STU:AJW with a GF Score™ of 45/100 and a GF Value™ of €0.52 (Possible Value Trap). The stock has 5 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.

AnGes's adjusted earnings per share data for the three months ended in Dec. 2025 was €-0.004. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €-0.35 for the trailing ten years ended in Dec. 2025.

During the past 3 years, the average E10 Growth Rate was -2.20% per year. During the past 5 years, the average E10 Growth Rate was -6.20% 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 AnGes was 3.10% per year. The lowest was -8.60% per year. And the median was -4.00% per year.

As of today (2026-07-24), AnGes's current stock price is €0.244. AnGes's E10 for the quarter that ended in Dec. 2025 was €-0.35. AnGes's Shiller PE Ratio of today is .


AnGes  (STU:AJW) 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.


AnGes E10 Related Terms


AnGes E10 Historical Data

* Premium members only.

The historical data trend for AnGes'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.

AnGes E10 Chart

AnGes 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 -0.42 -0.43 -0.40 -0.42 -0.35

AnGes 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 -0.43 -0.39 -0.38 -0.35 0.00

STU:AJW vs VRTX, REGN, ALNY: E10 Comparison

For the Biotechnology subindustry, AnGes'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.


AnGes Shiller PE Ratio vs Biotechnology Industry

For the Biotechnology industry and Healthcare sector, AnGes's Shiller PE Ratio distribution charts can be found below:

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


STU:AJW
45GF Score
AnGes Inc STU:AJW
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

AnGes 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, AnGes's adjusted earnings per share data for the three months ended in Dec. 2025 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=-0.004/113.0000*113.0000
=-0.004

Current CPI (Dec. 2025) = 113.0000.

AnGes Quarterly Data

per share eps CPI Adj_EPS
201603 -0.173 97.900 -0.200
201606 -0.219 98.100 -0.252
201609 -0.132 98.000 -0.152
201612 -0.110 98.400 -0.126
201703 -0.173 98.100 -0.199
201706 -0.083 98.500 -0.095
201709 -0.102 98.800 -0.117
201712 -0.038 99.400 -0.043
201803 -0.051 99.200 -0.058
201806 -0.057 99.200 -0.065
201809 -0.093 99.900 -0.105
201812 -0.065 99.700 -0.074
201903 -0.095 99.700 -0.108
201906 -0.060 99.800 -0.068
201909 -0.063 100.100 -0.071
201912 -0.076 100.500 -0.085
202003 -0.072 100.300 -0.081
202006 -0.066 99.900 -0.075
202009 -0.084 99.900 -0.095
202012 -0.065 99.300 -0.074
202103 -0.192 99.900 -0.217
202106 -0.210 99.500 -0.238
202109 -0.228 100.100 -0.257
202112 -0.087 100.100 -0.098
202203 -0.147 101.100 -0.164
202206 -0.207 101.800 -0.230
202209 -0.128 103.100 -0.140
202212 -0.194 104.100 -0.211
202303 -0.111 104.400 -0.120
202306 -0.067 105.200 -0.072
202309 0.001 106.200 0.001
202312 -0.087 106.800 -0.092
202403 -0.056 107.200 -0.059
202406 -0.044 108.200 -0.046
202409 -0.099 108.900 -0.103
202412 -0.542 110.700 -0.553
202503 -0.025 111.100 -0.025
202506 -0.048 111.700 -0.049
202509 -0.009 112.000 -0.009
202512 -0.004 113.000 -0.004

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 €-0.35 mean?
AnGes (STU:AJW) has a E10 of €-0.35 as of Dec. 2025. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on AnGes and its competitors.
Is AnGes' E10 too high?
AnGes' current E10 is €-0.35. Overall, AnGes has a GF Score™ of 45/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does AnGes' E10 compare to VRTX and REGN?
AnGes' E10 of €-0.35 can be compared against companies in the Biotechnology 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 Biotechnology company?
A good E10 depends on the Biotechnology 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 AnGes and its competitors. AnGes's current E10 is €-0.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AnGes stock overvalued right now?
Based on GuruFocus' analysis, AnGes (STU:AJW) is currently considered Possible Value Trap. The stock's GF Value™ is €0.52, compared to a current price of €0.24 — trading 53.1% below its estimated fair value. The current E10 is €-0.35. AnGes' overall GF Score™ is 45/100 with 5 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 AnGes (STU:AJW), the current E10 is €-0.35 as of Dec. 2025. 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 AnGes (STU:AJW) Overvalued in 2026?

Based on GuruFocus' analysis, AnGes stock appears to be undervalued. The current stock price of €0.24 is trading 53.1% below its estimated GF Value™ of €0.52. GuruFocus considers AnGes to be Possible Value Trap.

Key valuation signals for STU:AJW:

  • E10: €-0.35
  • GF Value™: €0.52 vs. price of €0.24 (53.1% below fair value)
  • GF Score™: 45/100 with 5 warning signs

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


AnGes Business Description

Other Exchanges 4563:Japan
Address 7-7-15, Saito-asagi, 4F, Saito Bio-Incubator, Ibaraki, Osaka, JPN, 567-0085
AnGes Inc is a biopharmaceutical company. The company is involved in research and development and sales of pharmaceuticals such as gene-based drugs (gene therapy products, nucleic acid drugs); contract testing for rare genetic diseases, etc.
45GF Score

Get the complete analysis for STU:AJW

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

€0.24
Price
€0.52
GF Value