Merko Ehitus AS (STU:MKS) E10: €1.94 (As of Jun. 2026)

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STU:MKS Merko Ehitus AS STU:MKS
70 GF Score
Price €26.50
GF Value €13.39
Valuation Significantly Overvalued
! 9 Warning Signs
View Full Analysis

What is Merko Ehitus AS E10?

Merko Ehitus AS STU:MKS -0.56% 70 E10 is €1.94 as of Jun. 2026. GuruFocus rates STU:MKS with a GF Score™ of 70/100 and a GF Value™ of €13.39 (Significantly Overvalued). The stock has 9 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.

Merko Ehitus AS's adjusted earnings per share data for the three months ended in Jun. 2026 was €0.480. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €1.94 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Merko Ehitus AS's average E10 Growth Rate was 8.80% per year. During the past 3 years, the average E10 Growth Rate was 18.10% per year. During the past 5 years, the average E10 Growth Rate was 23.60% 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 Merko Ehitus AS was 32.10% per year. The lowest was 18.10% per year. And the median was 24.90% per year.

As of today (2026-09-01), Merko Ehitus AS's current stock price is €26.50. Merko Ehitus AS's E10 for the quarter that ended in Jun. 2026 was €1.94. Merko Ehitus AS's Shiller PE Ratio of today is 13.66.

During the past 13 years, the highest Shiller PE Ratio of Merko Ehitus AS was 32.22. The lowest was 10.48. And the median was 16.40.


Merko Ehitus AS  (STU:MKS) 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.

Merko Ehitus AS's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=26.50/1.94
=13.66

* 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 Merko Ehitus AS was 32.22. The lowest was 10.48. And the median was 16.40.


Be Aware

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


Merko Ehitus AS E10 Related Terms


Merko Ehitus AS E10 Historical Data

* Premium members only.

The historical data trend for Merko Ehitus AS'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.

Merko Ehitus AS E10 Chart

Merko Ehitus AS 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 0.90 1.09 1.30 1.61 1.74

Merko Ehitus AS 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 1.73 1.74 1.74 1.89 1.94

STU:MKS vs PWR, FIX, EME: E10 Comparison

For the Engineering & Construction subindustry, Merko Ehitus AS'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.


Merko Ehitus AS Shiller PE Ratio vs Construction Industry

For the Construction industry and Industrials sector, Merko Ehitus AS's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Merko Ehitus AS's Shiller PE Ratio falls into.


STU:MKS
70GF Score
Merko Ehitus AS STU:MKS
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Merko Ehitus AS 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, Merko Ehitus AS'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)
=0.48/333.9520*333.9520
=0.480

Current CPI (Jun. 2026) = 333.9520.

Merko Ehitus AS Quarterly Data

per share eps CPI Adj_EPS
201609 0.160 241.428 0.221
201612 0.080 241.432 0.111
201703 0.060 243.801 0.082
201706 0.120 244.955 0.164
201709 0.190 246.819 0.257
201712 0.459 246.524 0.622
201803 0.060 249.554 0.080
201806 0.310 251.989 0.411
201809 0.320 252.439 0.423
201812 0.390 251.233 0.518
201903 0.160 254.202 0.210
201906 0.090 256.143 0.117
201909 0.140 256.759 0.182
201912 0.520 256.974 0.676
202003 0.110 258.115 0.142
202006 0.350 257.797 0.453
202009 0.280 260.280 0.359
202012 0.560 260.474 0.718
202103 0.190 264.877 0.240
202106 0.360 271.696 0.442
202109 0.310 274.310 0.377
202112 0.790 278.802 0.946
202203 0.170 287.504 0.197
202206 0.240 296.311 0.270
202209 0.550 296.808 0.619
202212 1.000 296.797 1.125
202303 0.330 301.836 0.365
202306 0.770 305.109 0.843
202309 0.720 307.789 0.781
202312 0.790 306.746 0.860
202403 0.250 312.332 0.267
202406 0.740 314.175 0.787
202409 1.540 315.301 1.631
202412 1.120 315.605 1.185
202503 0.590 319.799 0.616
202506 0.630 322.561 0.652
202509 0.850 324.800 0.874
202512 0.180 324.054 0.185
202603 0.250 330.213 0.253
202606 0.480 333.952 0.480

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 €1.94 mean?
Merko Ehitus AS (STU:MKS) has a E10 of €1.94 as of Jun. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Merko Ehitus AS and its competitors.
Is Merko Ehitus AS's E10 too high?
Merko Ehitus AS's current E10 is €1.94. Overall, Merko Ehitus AS has a GF Score™ of 70/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Merko Ehitus AS's E10 compare to PWR and FIX?
Merko Ehitus AS's E10 of €1.94 can be compared against companies in the Construction 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 Construction company?
A good E10 depends on the Construction 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 Merko Ehitus AS and its competitors. Merko Ehitus AS's current E10 is €1.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Merko Ehitus AS stock overvalued right now?
Based on GuruFocus' analysis, Merko Ehitus AS (STU:MKS) is currently considered Significantly Overvalued. The stock's GF Value™ is €13.39, compared to a current price of €26.50 — trading 97.9% above its estimated fair value. The current E10 is €1.94. Merko Ehitus AS's overall GF Score™ is 70/100 with 9 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 Merko Ehitus AS (STU:MKS), the current E10 is €1.94 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 Merko Ehitus AS (STU:MKS) Overvalued in 2026?

Based on GuruFocus' analysis, Merko Ehitus AS stock appears to be overvalued. The current stock price of €26.50 is trading 97.9% above its estimated GF Value™ of €13.39. GuruFocus considers Merko Ehitus AS to be Significantly Overvalued.

Key valuation signals for STU:MKS:

  • E10: €1.94
  • GF Value™: €13.39 vs. price of €26.50 (97.9% above fair value)
  • GF Score™: 70/100 with 9 warning signs

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


Merko Ehitus AS Business Description

Other Exchanges MRK1T:Estonia
Address Jarvevana tee 9G, Tallinn, EST, 11314
Merko Ehitus AS is a construction company. The company is engaged in the business of general contracting of construction and on providing complete solutions in professional construction and real estate development. The company operates under two reportable segments: construction service and real estate development. Construction service contributes to the majority of the revenue. The Construction service segment includes all projects of the home markets in general construction, civil engineering, electrical construction and concrete works services. The firm operates mainly in Estonia, Lithuania, Latvia, and Norway. Geographically, the company generates the majority of its revenue from Estonia.
70GF Score

Get the complete analysis for STU:MKS

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

€26.50
Price
€13.39
GF Value