TLRY (Tilray Brands) E10: $-8.26 (As of Feb. 2026)

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Director of Data and Quant Analytics at GuruFocus
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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.

TLRY Tilray Brands Inc TLRY
51 GF Score
Price $3.88
GF Value $12.50
Valuation Possible Value Trap
! 4 Warning Signs
View Full Analysis

What is Tilray Brands E10?

Tilray Brands TLRY -2.76% 51 E10 is $-8.26 as of Feb. 2026. GuruFocus rates TLRY with a GF Score™ of 51/100 and a GF Value™ of $12.50 (Possible Value Trap). 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.

Tilray Brands's adjusted earnings per share data for the three months ended in Feb. 2026 was $-0.240. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $-8.26 for the trailing ten years ended in Feb. 2026.

During the past 3 years, the average E10 Growth Rate was -42.20% 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 Tilray Brands was -42.20% per year. The lowest was -42.20% per year. And the median was -42.20% per year.

As of today (2026-07-25), Tilray Brands's current stock price is $3.88. Tilray Brands's E10 for the quarter that ended in Feb. 2026 was $-8.26. Tilray Brands's Shiller PE Ratio of today is .


Tilray Brands  (NAS:TLRY) 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.


Be Aware

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


Tilray Brands E10 Related Terms


Tilray Brands E10 Historical Data

* Premium members only.

The historical data trend for Tilray Brands'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.

Tilray Brands E10 Chart

Tilray Brands Annual Data
Trend May16 May17 May18 May19 May20 May21 May22 May23 May24 May25
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 -2.83 -5.30 -5.75 -8.14

Tilray Brands Quarterly Data
May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26
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 -6.75 -8.14 0.00 -8.43 -8.26

TLRY vs AQST, EOLS, NIKA: E10 Comparison

For the Drug Manufacturers - Specialty & Generic subindustry, Tilray Brands'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.


Tilray Brands Shiller PE Ratio vs Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Tilray Brands's Shiller PE Ratio distribution charts can be found below:

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


TLRY
51GF Score
Tilray Brands Inc TLRY
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tilray Brands 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, Tilray Brands's adjusted earnings per share data for the three months ended in Feb. 2026 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Feb. 2026 (Change)*Current CPI (Feb. 2026)
=-0.24/131.0772*131.0772
=-0.240

Current CPI (Feb. 2026) = 131.0772.

Tilray Brands Quarterly Data

per share eps CPI Adj_EPS
201605 0.166 101.765 0.214
201608 0.091 101.686 0.117
201611 0.089 101.607 0.115
201702 0.362 102.476 0.463
201705 -0.279 103.108 -0.355
201708 0.945 103.108 1.201
201711 0.371 103.740 0.469
201802 0.747 104.688 0.935
201805 -0.483 105.399 -0.601
201808 0.827 106.031 1.022
201811 1.977 105.478 2.457
201902 -3.903 106.268 -4.814
201905 -0.620 107.927 -0.753
201908 0.625 108.085 0.758
201911 -0.269 107.769 -0.327
202002 0.178 108.559 0.215
202005 -2.968 107.532 -3.618
202008 -0.900 108.243 -1.090
202011 -4.100 108.796 -4.940
202102 -10.300 109.745 -12.302
202105 1.800 111.404 2.118
202108 -0.800 112.668 -0.931
202111 -0.004 113.932 -0.005
202202 0.900 115.986 1.017
202205 -9.000 120.016 -9.829
202208 -1.300 120.569 -1.413
202211 -1.100 121.675 -1.185
202302 -19.000 122.070 -20.402
202305 -1.500 124.045 -1.585
202308 -1.000 125.389 -1.045
202311 -0.700 125.468 -0.731
202402 -1.200 125.468 -1.254
202405 -0.400 127.601 -0.411
202408 -0.400 127.838 -0.410
202411 -0.990 127.838 -1.015
202502 -8.690 128.786 -8.845
202505 -13.000 129.813 -13.127
202508 0.000 130.208 0.000
202511 -0.410 130.682 -0.411
202602 -0.240 131.077 -0.240

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 $-8.26 mean?
Tilray Brands (TLRY) has a E10 of $-8.26 as of Feb. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Tilray Brands and its competitors.
Is Tilray Brands' E10 too high?
Tilray Brands' current E10 is $-8.26. Overall, Tilray Brands has a GF Score™ of 51/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Tilray Brands' E10 compare to AQST and EOLS?
Tilray Brands' E10 of $-8.26 can be compared against companies in the Drug Manufacturers 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 Drug Manufacturers company?
A good E10 depends on the Drug Manufacturers 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 Tilray Brands and its competitors. Tilray Brands's current E10 is $-8.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tilray Brands stock overvalued right now?
Based on GuruFocus' analysis, Tilray Brands (TLRY) is currently considered Possible Value Trap. The stock's GF Value™ is $12.50, compared to a current price of $3.88 — trading 69% below its estimated fair value. The current E10 is $-8.26. Tilray Brands' overall GF Score™ is 51/100 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 Tilray Brands (TLRY), the current E10 is $-8.26 as of Feb. 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 Tilray Brands (TLRY) Overvalued in 2026?

Based on GuruFocus' analysis, Tilray Brands stock appears to be undervalued. The current stock price of $3.88 is trading 69% below its estimated GF Value™ of $12.50. GuruFocus considers Tilray Brands to be Possible Value Trap.

Key valuation signals for TLRY:

  • E10: $-8.26
  • GF Value™: $12.50 vs. price of $3.88 (69% below fair value)
  • GF Score™: 51/100 with 4 warning signs

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


Tilray Brands Business Description

Address 265 Talbot Street West, Leamington, ON, CAN, N8H 5L4
Tilray is a Canadian producer that cultivates and sells medical and recreational cannabis. In 2021, legacy Aphria acquired legacy Tilray in a reverse merger and renamed itself Tilray. The bulk of its sales are in Canada and in the international medical cannabis export market. US exposure comes mainly from alcohol.
51GF Score

Get the complete analysis for TLRY

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

$3.88
Price
$12.50
GF Value