Copa Holdings (STU:C2H) E10: €6.35 (As of Jun. 2026)

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STU:C2H Copa Holdings SA STU:C2H
85 GF Score
Price €117.20
GF Value €102.07
Valuation Modestly Overvalued
! 3 Warning Signs
View Full Analysis

What is Copa Holdings E10?

Copa Holdings STU:C2H +0.60% 85 E10 is €6.35 as of Jun. 2026. GuruFocus rates STU:C2H with a GF Score™ of 85/100 and a GF Value™ of €102.07 (Modestly Overvalued). The stock has 3 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.

Copa Holdings's adjusted earnings per share data for the three months ended in Jun. 2026 was €1.450. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €6.35 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Copa Holdings's average E10 Growth Rate was 51.60% per year. During the past 3 years, the average E10 Growth Rate was 21.70% per year. During the past 5 years, the average E10 Growth Rate was 9.40% per year. During the past 10 years, the average E10 Growth Rate was -1.70% 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 Copa Holdings was 21.70% per year. The lowest was -15.20% per year. And the median was 1.35% per year.

As of today (2026-08-13), Copa Holdings's current stock price is €117.20. Copa Holdings's E10 for the quarter that ended in Jun. 2026 was €6.35. Copa Holdings's Shiller PE Ratio of today is 18.46.

During the past 13 years, the highest Shiller PE Ratio of Copa Holdings was 31.54. The lowest was 5.01. And the median was 19.96.


Copa Holdings  (STU:C2H) 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.

Copa Holdings's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=117.20/6.35
=18.46

* 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 Copa Holdings was 31.54. The lowest was 5.01. And the median was 19.96.


Be Aware

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


Copa Holdings E10 Related Terms


Copa Holdings E10 Historical Data

* Premium members only.

The historical data trend for Copa Holdings'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.

Copa Holdings E10 Chart

Copa Holdings 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 3.19 3.55 3.56 4.25 5.88

Copa Holdings 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 3.98 4.42 5.88 6.23 6.35

STU:C2H vs ALK, SKYW, ALGT: E10 Comparison

For the Airlines subindustry, Copa Holdings'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.


Copa Holdings Shiller PE Ratio vs Transportation Industry

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

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


STU:C2H
85GF Score
Copa Holdings SA STU:C2H
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Copa Holdings 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, Copa Holdings'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)
=1.45/333.9520*333.9520
=1.450

Current CPI (Jun. 2026) = 333.9520.

Copa Holdings Quarterly Data

per share eps CPI Adj_EPS
201609 1.559 241.428 2.156
201612 2.029 241.432 2.807
201703 2.225 243.801 3.048
201706 1.228 244.955 1.674
201709 2.081 246.819 2.816
201712 1.884 246.524 2.552
201803 2.611 249.554 3.494
201806 1.002 251.989 1.328
201809 1.166 252.439 1.543
201812 -3.226 251.233 -4.288
201903 1.867 254.202 2.453
201906 1.062 256.143 1.385
201909 2.225 256.759 2.894
201912 0.054 256.974 0.070
202003 1.584 258.115 2.049
202006 -8.063 257.797 -10.445
202009 -2.360 260.280 -3.028
202012 -3.428 260.474 -4.395
202103 -2.184 264.877 -2.754
202106 0.548 271.696 0.674
202109 0.162 274.310 0.197
202112 2.460 278.802 2.947
202203 0.427 287.504 0.496
202206 2.847 296.311 3.209
202209 2.959 296.808 3.329
202212 2.105 296.797 2.369
202303 2.867 301.836 3.172
202306 0.406 305.109 0.444
202309 4.423 307.789 4.799
202312 4.172 306.746 4.542
202403 3.855 312.332 4.122
202406 2.676 314.175 2.844
202409 3.154 315.301 3.341
202412 3.810 315.605 4.031
202503 3.959 319.799 4.134
202506 3.130 322.561 3.241
202509 3.578 324.800 3.679
202512 3.570 324.054 3.679
202603 4.463 330.213 4.514
202606 1.450 333.952 1.450

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 €6.35 mean?
Copa Holdings (STU:C2H) has a E10 of €6.35 as of Jun. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Copa Holdings and its competitors.
Is Copa Holdings' E10 too high?
Copa Holdings' current E10 is €6.35. Overall, Copa Holdings has a GF Score™ of 85/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Copa Holdings' E10 compare to ALK and SKYW?
Copa Holdings' E10 of €6.35 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 Copa Holdings and its competitors. Copa Holdings's current E10 is €6.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Copa Holdings stock overvalued right now?
Based on GuruFocus' analysis, Copa Holdings (STU:C2H) is currently considered Modestly Overvalued. The stock's GF Value™ is €102.07, compared to a current price of €117.20 — trading 14.8% above its estimated fair value. The current E10 is €6.35. Copa Holdings' overall GF Score™ is 85/100 with 3 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 Copa Holdings (STU:C2H), the current E10 is €6.35 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 Copa Holdings (STU:C2H) Overvalued in 2026?

Based on GuruFocus' analysis, Copa Holdings stock appears to be overvalued. The current stock price of €117.20 is trading 14.8% above its estimated GF Value™ of €102.07. GuruFocus considers Copa Holdings to be Modestly Overvalued.

Key valuation signals for STU:C2H:

  • E10: €6.35
  • GF Value™: €102.07 vs. price of €117.20 (14.8% above fair value)
  • GF Score™: 85/100 with 3 warning signs

No single metric tells the full story. See the STU:C2H stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Copa Holdings Business Description

Other Exchanges CPA:USAC2H:Germany
Address Costa del Este, Complejo Business Park, Avenida Principal y Avenida de la Rotonda, Torre Norte Parque Lefevre, Panama, PAN, 0816-06819
Copa Holdings SA is a provider of airline passenger and cargo services through its subsidiaries. The company operates through the air transportation segment. It offers international air transportation for passengers, cargo, and mail, operating from its Panama City hub in the Republic of Panama, and domestic and international air transportation for passengers, cargo, and mail with a point-to-point route network through Copa Colombia, a Colombian air carrier. The company's geographical segments are North America, South America, Central America, and the Caribbean. It derives the maximum revenue from North America.
85GF Score

Get the complete analysis for STU:C2H

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

€117.20
Price
€102.07
GF Value