Fairfax Financial Holdings (STU:FFX) E10: €85.14 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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:FFX Fairfax Financial Holdings Ltd STU:FFX
88 GF Score
Price €1,438.00
GF Value €1,342.87
Valuation Fairly Valued
! 6 Warning Signs
View Full Analysis

What is Fairfax Financial Holdings E10?

Fairfax Financial Holdings STU:FFX -1.10% 88 E10 is €85.14 as of Mar. 2026. GuruFocus rates STU:FFX with a GF Score™ of 88/100 and a GF Value™ of €1,342.87 (Fairly Valued). 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.

Fairfax Financial Holdings's adjusted earnings per share data for the three months ended in Mar. 2026 was €26.910. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €85.14 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Fairfax Financial Holdings's average E10 Growth Rate was 26.50% per year. During the past 3 years, the average E10 Growth Rate was 30.10% per year. During the past 5 years, the average E10 Growth Rate was 36.60% per year. During the past 10 years, the average E10 Growth Rate was 16.50% 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 Fairfax Financial Holdings was 49.50% per year. The lowest was -13.60% per year. And the median was 11.80% per year.

As of today (2026-07-15), Fairfax Financial Holdings's current stock price is €1438.00. Fairfax Financial Holdings's E10 for the quarter that ended in Mar. 2026 was €85.14. Fairfax Financial Holdings's Shiller PE Ratio of today is 16.89.

During the past 13 years, the highest Shiller PE Ratio of Fairfax Financial Holdings was 27.51. The lowest was 12.11. And the median was 19.15.


Fairfax Financial Holdings  (STU:FFX) 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.

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

Shiller PE Ratio=Share Price/E10
=1438.00/85.14
=16.89

* 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 Fairfax Financial Holdings was 27.51. The lowest was 12.11. And the median was 19.15.


Be Aware

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


Fairfax Financial Holdings E10 Related Terms


Fairfax Financial Holdings E10 Historical Data

* Premium members only.

The historical data trend for Fairfax Financial 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.

Fairfax Financial Holdings E10 Chart

Fairfax Financial 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 30.33 40.98 60.99 67.98 81.73

Fairfax Financial Holdings 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 68.35 74.06 75.20 81.73 85.14

STU:FFX vs CB, PGR, TRV: E10 Comparison

For the Insurance - Property & Casualty subindustry, Fairfax Financial 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.


Fairfax Financial Holdings Shiller PE Ratio vs Insurance Industry

For the Insurance industry and Financial Services sector, Fairfax Financial Holdings's Shiller PE Ratio distribution charts can be found below:

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


STU:FFX
88GF Score
Fairfax Financial Holdings Ltd STU:FFX
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Fairfax Financial 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, Fairfax Financial Holdings'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)
=26.91/132.2623*132.2623
=26.910

Current CPI (Mar. 2026) = 132.2623.

Fairfax Financial Holdings Quarterly Data

per share eps CPI Adj_EPS
201606 8.526 102.002 11.055
201609 -0.374 101.765 -0.486
201612 -29.170 101.449 -38.030
201703 2.833 102.634 3.651
201706 11.276 103.029 14.475
201709 13.776 103.345 17.631
201712 25.401 103.345 32.509
201803 19.140 105.004 24.109
201806 1.558 105.557 1.952
201809 2.862 105.636 3.583
201812 -15.725 105.399 -19.733
201903 23.877 106.979 29.520
201906 15.204 107.690 18.673
201909 1.852 107.611 2.276
201912 21.222 107.769 26.045
202003 -42.879 107.927 -52.547
202006 13.551 108.401 16.534
202009 3.770 108.164 4.610
202012 26.863 108.559 32.728
202103 24.284 110.298 29.120
202106 35.898 111.720 42.499
202109 13.974 112.905 16.370
202112 29.771 113.774 34.609
202203 20.584 117.646 23.141
202206 -1.731 120.806 -1.895
202209 19.503 120.648 21.380
202212 73.944 120.964 80.851
202303 46.121 122.702 49.714
202306 26.582 124.203 28.307
202309 39.598 125.230 41.821
202312 48.482 125.072 51.269
202403 28.354 126.258 29.702
202406 34.540 127.522 35.824
202409 38.401 127.285 39.903
202412 48.151 127.364 50.003
202503 39.497 129.181 40.439
202506 53.416 129.892 54.391
202509 44.338 130.287 45.010
202512 49.165 130.366 49.880
202603 26.910 132.262 26.910

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 €85.14 mean?
Fairfax Financial Holdings (STU:FFX) has a E10 of €85.14 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Fairfax Financial Holdings and its competitors.
Is Fairfax Financial Holdings' E10 too high?
Fairfax Financial Holdings' current E10 is €85.14. Overall, Fairfax Financial Holdings has a GF Score™ of 88/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Fairfax Financial Holdings' E10 compare to CB and PGR?
Fairfax Financial Holdings' E10 of €85.14 can be compared against companies in the Insurance 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 an Insurance company?
A good E10 depends on the Insurance 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 Fairfax Financial Holdings and its competitors. Fairfax Financial Holdings's current E10 is €85.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fairfax Financial Holdings stock overvalued right now?
Based on GuruFocus' analysis, Fairfax Financial Holdings (STU:FFX) is currently considered Fairly Valued. The stock's GF Value™ is €1,342.87, compared to a current price of €1,438.00 — trading 7.1% above its estimated fair value. The current E10 is €85.14. Fairfax Financial Holdings' overall GF Score™ is 88/100 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 Fairfax Financial Holdings (STU:FFX), the current E10 is €85.14 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 Fairfax Financial Holdings (STU:FFX) Overvalued in 2026?

Based on GuruFocus' analysis, Fairfax Financial Holdings stock appears to be overvalued. The current stock price of €1,438.00 is trading 7.1% above its estimated GF Value™ of €1,342.87. GuruFocus considers Fairfax Financial Holdings to be Fairly Valued.

Key valuation signals for STU:FFX:

  • E10: €85.14
  • GF Value™: €1,342.87 vs. price of €1,438.00 (7.1% above fair value)
  • GF Score™: 88/100 with 6 warning signs

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


Fairfax Financial Holdings Business Description

Address 95 Wellington Street West, Suite 800, Toronto, ON, CAN, M5J 2N7
Fairfax Financial Holdings provides reinsurance and property and casualty insurance in Canada, the United States, and other international markets. The company also has some noninsurance operations such as restaurants. Fairfax has been led by Prem Watsa, its chair and CEO, since its formation in 1985.
88GF Score

Get the complete analysis for STU:FFX

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

€1,438.00
Price
€1,342.87
GF Value