Telefonica Brasil (STU:TSPA) E10: €0.82 (As of Mar. 2026)


STU:TSPA Telefonica Brasil SA STU:TSPA
85 GF Score
Price €11.70
GF Value €10.57
Valuation Modestly Overvalued
! 2 Warning Signs
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What is Telefonica Brasil E10?

Telefonica Brasil STU:TSPA +0.86% 85 E10 is €0.82 as of Mar. 2026. GuruFocus rates STU:TSPA with a GF Score™ of 85/100 and a GF Value™ of €10.57 (Modestly Overvalued). The stock has 2 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.

Telefonica Brasil's adjusted earnings per share data for the three months ended in Mar. 2026 was €0.129. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €0.82 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Telefonica Brasil's average E10 Growth Rate was 2.90% per year. During the past 3 years, the average E10 Growth Rate was -1.50% per year. During the past 5 years, the average E10 Growth Rate was -3.20% per year. During the past 10 years, the average E10 Growth Rate was -3.10% 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 Telefonica Brasil was 8.80% per year. The lowest was -5.10% per year. And the median was -1.70% per year.

As of today (2026-06-28), Telefonica Brasil's current stock price is €11.70. Telefonica Brasil's E10 for the quarter that ended in Mar. 2026 was €0.82. Telefonica Brasil's Shiller PE Ratio of today is 14.27.

During the past 13 years, the highest Shiller PE Ratio of Telefonica Brasil was 17.62. The lowest was 5.36. And the median was 8.10.


Telefonica Brasil  (STU:TSPA) 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.

Telefonica Brasil's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=11.70/0.82
=14.27

* 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 Telefonica Brasil was 17.62. The lowest was 5.36. And the median was 8.10.


Be Aware

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


Telefonica Brasil E10 Related Terms


Telefonica Brasil E10 Historical Data

* Premium members only.

The historical data trend for Telefonica Brasil'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.

Telefonica Brasil E10 Chart

Telefonica Brasil 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 0.84 0.89 0.91 0.72 0.73

Telefonica Brasil 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 0.77 0.76 0.77 0.73 0.82

STU:TSPA vs TMUS, VZ, T: E10 Comparison

For the Telecom Services subindustry, Telefonica Brasil'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.


Telefonica Brasil Shiller PE Ratio vs Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Telefonica Brasil's Shiller PE Ratio distribution charts can be found below:

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


STU:TSPA
85GF Score
Telefonica Brasil SA STU:TSPA
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Telefonica Brasil 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, Telefonica Brasil'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)
=0.129/175.0655*175.0655
=0.129

Current CPI (Mar. 2026) = 175.0655.

Telefonica Brasil Quarterly Data

per share eps CPI Adj_EPS
201606 0.101 108.851 0.162
201609 0.145 109.986 0.231
201612 0.305 110.802 0.482
201703 0.164 111.869 0.257
201706 0.130 112.115 0.203
201709 0.182 112.777 0.283
201712 0.345 114.068 0.529
201803 0.151 114.868 0.230
201806 0.637 117.038 0.953
201809 0.587 117.881 0.872
201812 0.298 118.340 0.441
201903 0.173 120.124 0.252
201906 0.289 120.977 0.418
201909 0.188 121.292 0.271
201912 0.247 123.436 0.350
202003 0.189 124.092 0.267
202006 0.169 123.557 0.239
202009 0.169 125.095 0.237
202012 0.122 129.012 0.166
202103 0.083 131.660 0.110
202106 0.132 133.871 0.173
202109 0.126 137.913 0.160
202112 0.245 141.992 0.302
202203 0.082 146.537 0.098
202206 0.086 149.784 0.101
202209 0.166 147.800 0.197
202212 0.121 150.207 0.141
202303 0.090 153.352 0.103
202306 0.129 154.519 0.146
202309 0.169 155.464 0.190
202312 0.182 157.148 0.203
202403 0.100 159.372 0.110
202406 0.128 161.052 0.139
202409 0.166 162.342 0.179
202412 0.169 164.740 0.180
202503 0.106 168.102 0.110
202506 0.130 169.670 0.134
202509 0.187 170.739 0.192
202512 0.185 171.765 0.189
202603 0.129 175.066 0.129

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 €0.82 mean?
Telefonica Brasil (STU:TSPA) has a E10 of €0.82 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Telefonica Brasil and its competitors.
Is Telefonica Brasil's E10 too high?
Telefonica Brasil's current E10 is €0.82. Overall, Telefonica Brasil has a GF Score™ of 85/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Telefonica Brasil's E10 compare to TMUS and VZ?
Telefonica Brasil's E10 of €0.82 can be compared against companies in the Telecommunication Services 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 Telecommunication Services company?
A good E10 depends on the Telecommunication Services 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 Telefonica Brasil and its competitors. Telefonica Brasil's current E10 is €0.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Telefonica Brasil stock overvalued right now?
Based on GuruFocus' analysis, Telefonica Brasil (STU:TSPA) is currently considered Modestly Overvalued. The stock's GF Value™ is €10.57, compared to a current price of €11.70 — trading 10.7% above its estimated fair value. The current E10 is €0.82. Telefonica Brasil's overall GF Score™ is 85/100 with 2 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 Telefonica Brasil (STU:TSPA), the current E10 is €0.82 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 Telefonica Brasil (STU:TSPA) Overvalued in 2026?

Based on GuruFocus' analysis, Telefonica Brasil stock appears to be overvalued. The current stock price of €11.70 is trading 10.7% above its estimated GF Value™ of €10.57. GuruFocus considers Telefonica Brasil to be Modestly Overvalued.

Key valuation signals for STU:TSPA:

  • E10: €0.82
  • GF Value™: €10.57 vs. price of €11.70 (10.7% above fair value)
  • GF Score™: 85/100 with 2 warning signs

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


Telefonica Brasil Business Description

Address Avenida Engenheiro Luis Carlos Berrini, 1376, 32nd Floor, Sao Paulo, SP, BRA, 04571-936
Telefonica Brasil, known as Vivo, is the largest wireless carrier in Brazil with 103 million customers, which is equal to about 38% market share. The firm is strongest in the postpaid business, where it has 72 million customers, or about 40% share of this market. Wireless services and equipment contribute about 70% of total revenue. Vivo is the incumbent fixed-line telephone operator in Sao Paulo state and also owns an extensive fiber network across the country. The firm provides internet access to 8 million households on this network. The firm also sells pay-TV and phone services to its fixed-line customers. Finally, corporate data and IT services, including cloud computing support, contribute about 10% of total revenue.
85GF Score

Get the complete analysis for STU:TSPA

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

€11.70
Price
€10.57
GF Value