Zumiez (STU:ZM3) E10: €1.36 (As of Apr. 2026)


STU:ZM3 Zumiez Inc STU:ZM3
74 GF Score
Price €15.60
GF Value €19.42
! 4 Warning Signs
View Full Analysis

What is Zumiez E10?

Zumiez STU:ZM3 +1.30% 74 E10 is €1.36 as of Apr. 2026. GuruFocus rates STU:ZM3 with a GF Score™ of 74/100 and a GF Value™ of €19.42. The stock has 4 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.

Zumiez's adjusted earnings per share data for the three months ended in Apr. 2026 was €-0.701. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €1.36 for the trailing ten years ended in Apr. 2026.

During the past 12 months, Zumiez's average E10 Growth Rate was 1.30% per year. During the past 3 years, the average E10 Growth Rate was -8.80% per year. During the past 5 years, the average E10 Growth Rate was 2.20% per year. During the past 10 years, the average E10 Growth Rate was 8.30% 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 Zumiez was 21.10% per year. The lowest was -8.80% per year. And the median was 9.20% per year.

As of today (2026-07-02), Zumiez's current stock price is €15.60. Zumiez's E10 for the quarter that ended in Apr. 2026 was €1.36. Zumiez's Shiller PE Ratio of today is 11.47.

During the past 13 years, the highest Shiller PE Ratio of Zumiez was 28.13. The lowest was 6.59. And the median was 16.35.


Zumiez  (STU:ZM3) 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.

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

Shiller PE Ratio=Share Price/E10
=15.60/1.36
=11.47

* 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 Zumiez was 28.13. The lowest was 6.59. And the median was 16.35.


Be Aware

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


Zumiez E10 Related Terms


Zumiez E10 Historical Data

* Premium members only.

The historical data trend for Zumiez'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.

Zumiez E10 Chart

Zumiez Annual Data
Trend Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24 Jan25
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.40 1.89 2.08 1.72 1.58

Zumiez Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
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 1.38 1.41 1.37 1.29 1.36

STU:ZM3 vs LE, JILL, GCO: E10 Comparison

For the Apparel Retail subindustry, Zumiez'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.


Zumiez Shiller PE Ratio vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Zumiez's Shiller PE Ratio distribution charts can be found below:

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


STU:ZM3
74GF Score
Zumiez Inc STU:ZM3
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Zumiez 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, Zumiez's adjusted earnings per share data for the three months ended in Apr. 2026 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Apr. 2026 (Change)*Current CPI (Apr. 2026)
=-0.701/333.0200*333.0200
=-0.701

Current CPI (Apr. 2026) = 333.0200.

Zumiez Quarterly Data

per share eps CPI Adj_EPS
201607 -0.027 240.628 -0.037
201610 0.390 241.729 0.537
201701 0.686 242.839 0.941
201704 -0.168 244.524 -0.229
201707 -0.017 244.786 -0.023
201710 0.408 246.663 0.551
201801 0.656 247.867 0.881
201804 -0.082 250.546 -0.109
201807 0.146 252.006 0.193
201810 0.478 252.885 0.629
201901 1.034 251.712 1.368
201904 0.027 255.548 0.035
201907 0.321 256.571 0.417
201910 0.678 257.346 0.877
202001 1.333 257.971 1.721
202004 -0.773 256.389 -1.004
202007 0.879 259.101 1.130
202010 0.986 260.388 1.261
202101 1.379 261.582 1.756
202104 0.861 267.054 1.074
202107 0.795 273.003 0.970
202110 1.078 276.589 1.298
202201 1.503 281.148 1.780
202204 -0.019 289.109 -0.022
202207 0.157 296.276 0.176
202210 0.365 298.012 0.408
202301 0.548 299.170 0.610
202304 -0.876 303.363 -0.962
202307 -0.398 305.691 -0.434
202310 -0.114 307.671 -0.123
202401 -1.597 308.417 -1.724
202404 -0.802 313.548 -0.852
202407 -0.037 314.540 -0.039
202410 0.055 315.664 0.058
202501 0.753 317.671 0.789
202504 -0.703 320.795 -0.730
202507 -0.051 323.048 -0.053
202510 0.472 0.000
202601 0.987 325.252 1.011
202604 -0.701 333.020 -0.701

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 €1.36 mean?
Zumiez (STU:ZM3) has a E10 of €1.36 as of Apr. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Zumiez and its competitors.
Is Zumiez's E10 too high?
Zumiez's current E10 is €1.36. Overall, Zumiez has a GF Score™ of 74/100, reflecting its overall financial health beyond just this single metric.
How does Zumiez's E10 compare to LE and JILL?
Zumiez's E10 of €1.36 can be compared against companies in the Retail - Cyclical 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 Retail - Cyclical company?
A good E10 depends on the Retail - Cyclical 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 Zumiez and its competitors. Zumiez's current E10 is €1.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zumiez stock overvalued right now?
Zumiez (STU:ZM3) has a current E10 of €1.36. The stock's GF Value™ is €19.42, compared to a current price of €15.60 — trading 19.7% below its estimated fair value. The current E10 is €1.36. Zumiez's overall GF Score™ is 74/100 with 4 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 Zumiez (STU:ZM3), the current E10 is €1.36 as of Apr. 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 Zumiez (STU:ZM3) Overvalued in 2026?

Based on GuruFocus' analysis, Zumiez stock appears to be undervalued. The current stock price of €15.60 is trading 19.7% below its estimated GF Value™ of €19.42.

Key valuation signals for STU:ZM3:

  • E10: €1.36
  • GF Value™: €19.42 vs. price of €15.60 (19.7% below fair value)
  • GF Score™: 74/100 with 4 warning signs

No single metric tells the full story. See the STU:ZM3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Zumiez Business Description

Other Exchanges ZUMZ:USAZM3:Germany
Address 4001 204th Street South West, Lynnwood, WA, USA, 98036
Zumiez Inc is a United States-based specialty retailer engaged in the sale of apparel, footwear, accessories, and hard goods. The company provides merchandise with cultural elements coming from fashion, music, art, action sports, streetwear, and other lifestyles. The company operates under the brands Zumiez, Fast Times, and Blue Tomato, and through both physical stores and websites. The majority of the company's stores are located in the U.S., with the rest in Canada, Australia, and Europe. The U.S. market contributes to the majority of the company's revenue.
74GF Score

Get the complete analysis for STU:ZM3

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

€15.60
Price
€19.42
GF Value