Cascades (TSX:CAS) E10: C$1.30 (As of Mar. 2026)


TSX:CAS Cascades Inc TSX:CAS
61 GF Score
Price C$11.81
GF Value C$221.00
Valuation Possible Value Trap
! 1 Warning Sign
View Full Analysis

What is Cascades E10?

Cascades TSX:CAS +1.55% 61 E10 is C$1.30 as of Mar. 2026. GuruFocus rates TSX:CAS with a GF Score™ of 61/100 and a GF Value™ of C$221.00 (Possible Value Trap). The stock has 1 warning sign 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.

Cascades's adjusted earnings per share data for the three months ended in Mar. 2026 was C$0.380. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is C$1.30 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Cascades's average E10 Growth Rate was 5.70% per year. During the past 3 years, the average E10 Growth Rate was 9.50% per year. During the past 5 years, the average E10 Growth Rate was 7.50% per year. During the past 10 years, the average E10 Growth Rate was 30.40% 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 Cascades was 187.10% per year. The lowest was -51.90% per year. And the median was -0.35% per year.

As of today (2026-06-25), Cascades's current stock price is C$11.81. Cascades's E10 for the quarter that ended in Mar. 2026 was C$1.30. Cascades's Shiller PE Ratio of today is 9.08.

During the past 13 years, the highest Shiller PE Ratio of Cascades was 138.33. The lowest was 6.85. And the median was 14.58.


Cascades  (TSX:CAS) 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.

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

Shiller PE Ratio=Share Price/E10
=11.81/1.30
=9.08

* 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 Cascades was 138.33. The lowest was 6.85. And the median was 14.58.


Be Aware

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


Cascades E10 Related Terms


Cascades E10 Historical Data

* Premium members only.

The historical data trend for Cascades'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.

Cascades E10 Chart

Cascades 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 0.97 1.02 0.97 1.16 1.34

Cascades 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 1.23 1.20 1.20 1.34 1.30

TSX:CAS vs SW, PKG, AMCR: E10 Comparison

For the Packaging & Containers subindustry, Cascades'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.


Cascades Shiller PE Ratio vs Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Cascades's Shiller PE Ratio distribution charts can be found below:

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


TSX:CAS
61GF Score
Cascades Inc TSX:CAS
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Cascades 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, Cascades'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)
=0.38/132.2623*132.2623
=0.380

Current CPI (Mar. 2026) = 132.2623.

Cascades Quarterly Data

per share eps CPI Adj_EPS
201606 0.370 102.002 0.480
201609 0.210 101.765 0.273
201612 0.040 101.449 0.052
201703 1.660 102.634 2.139
201706 2.610 103.029 3.351
201709 0.340 103.345 0.435
201712 0.580 103.345 0.742
201803 0.630 105.004 0.794
201806 0.270 105.557 0.338
201809 0.370 105.636 0.463
201812 -0.690 105.399 -0.866
201903 0.260 106.979 0.321
201906 0.320 107.690 0.393
201909 0.440 107.611 0.541
201912 -0.270 107.769 -0.331
202003 0.230 107.927 0.282
202006 0.570 108.401 0.695
202009 0.500 108.164 0.611
202012 0.720 108.559 0.877
202103 0.220 110.298 0.264
202106 0.020 111.720 0.024
202109 0.320 112.905 0.375
202112 1.030 113.774 1.197
202203 -0.150 117.646 -0.169
202206 0.100 120.806 0.109
202209 -0.020 120.648 -0.022
202212 -0.270 120.964 -0.295
202303 -0.750 122.702 -0.808
202306 0.220 124.203 0.234
202309 0.340 125.230 0.359
202312 -0.570 125.072 -0.603
202403 -0.200 126.258 -0.210
202406 0.010 127.522 0.010
202409 0.010 127.285 0.010
202412 -0.130 127.364 -0.135
202503 0.070 129.181 0.072
202506 -0.030 129.892 -0.031
202509 0.290 130.287 0.294
202512 0.360 130.366 0.365
202603 0.380 132.262 0.380

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 C$1.30 mean?
Cascades (TSX:CAS) has a E10 of C$1.30 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Cascades and its competitors.
Is Cascades' E10 too high?
Cascades' current E10 is C$1.30. Overall, Cascades has a GF Score™ of 61/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Cascades' E10 compare to SW and PKG?
Cascades' E10 of C$1.30 can be compared against companies in the Packaging & Containers 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 Packaging & Containers company?
A good E10 depends on the Packaging & Containers 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 Cascades and its competitors. Cascades's current E10 is C$1.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cascades stock overvalued right now?
Based on GuruFocus' analysis, Cascades (TSX:CAS) is currently considered Possible Value Trap. The stock's GF Value™ is C$221.00, compared to a current price of C$11.81 — trading 94.7% below its estimated fair value. The current E10 is C$1.30. Cascades' overall GF Score™ is 61/100 with 1 warning sign 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 Cascades (TSX:CAS), the current E10 is C$1.30 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 Cascades (TSX:CAS) Overvalued in 2026?

Based on GuruFocus' analysis, Cascades stock appears to be undervalued. The current stock price of C$11.81 is trading 94.7% below its estimated GF Value™ of C$221.00. GuruFocus considers Cascades to be Possible Value Trap.

Key valuation signals for TSX:CAS:

  • E10: C$1.30
  • GF Value™: C$221.00 vs. price of C$11.81 (94.7% below fair value)
  • GF Score™: 61/100 with 1 warning sign

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


Cascades Business Description

Other Exchanges CADNF:USACS6:Germany
Address 404 Marie-Victorin Boulevard, C.P. 30, Kingsey Falls, QC, CAN, J0A 1B0
Cascades Inc is a paper and packaging company that produces, converts, and sells packaging and tissue products composed predominantly of recycled fibres. Its customer base includes food processing companies, the maintenance industry, the accommodations and housing industry, micro-businesses, and boutiques. The products are marketed through brands such as Cascades Fresh, Cascades Protect, Cascades IMGN, Cascades PRO, and Cascades Fluff & Tuff, among others. The company is organized into two main business segments: Packaging Products and Tissue Papers. A majority of its revenue is generated from the Packaging Product segment. Geographically, the company generates the majority of its revenue from the operations located in Canada.
61GF Score

Get the complete analysis for TSX:CAS

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

C$11.81
Price
C$221.00
GF Value