VNET (VNET Group) E10: $-1.26 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

VNET VNET Group Inc VNET
58 GF Score
Price $7.33
GF Value $4.37
Valuation Significantly Overvalued
! 8 Warning Signs
View Full Analysis

What is VNET Group E10?

VNET Group VNET +4.56% 58 E10 is $-1.26 as of Mar. 2026. GuruFocus rates VNET with a GF Score™ of 58/100 and a GF Value™ of $4.37 (Significantly Overvalued). The stock has 8 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.

VNET Group's adjusted earnings per share data for the three months ended in Mar. 2026 was $-1.184. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $-1.26 for the trailing ten years ended in Mar. 2026.

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 VNET Group was -8.00% per year. The lowest was -11.50% per year. And the median was -8.10% per year.

As of today (2026-08-07), VNET Group's current stock price is $7.33. VNET Group's E10 for the quarter that ended in Mar. 2026 was $-1.26. VNET Group's Shiller PE Ratio of today is .


VNET Group  (NAS:VNET) 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.


VNET Group E10 Related Terms


VNET Group E10 Historical Data

* Premium members only.

The historical data trend for VNET Group'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.

VNET Group E10 Chart

VNET Group 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 -0.95 -1.07 -1.29 -1.20 0.00

VNET Group 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 -1.19 -1.15 -1.16 0.00 -1.26

VNET vs INOD, SHAZ, DXC: E10 Comparison

For the Information Technology Services subindustry, VNET Group'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.


VNET Group Shiller PE Ratio vs Software Industry

For the Software industry and Technology sector, VNET Group's Shiller PE Ratio distribution charts can be found below:

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


VNET
58GF Score
VNET Group Inc VNET
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

VNET Group 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, VNET Group'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)
=-1.184/116.3033*116.3033
=-1.184

Current CPI (Mar. 2026) = 116.3033.

VNET Group Quarterly Data

per share eps CPI Adj_EPS
201606 -0.200 101.400 -0.229
201609 -0.135 102.400 -0.153
201612 -0.598 102.600 -0.678
201703 -0.148 103.200 -0.167
201706 -0.159 103.100 -0.179
201709 -2.009 104.100 -2.245
201712 1.074 104.500 1.195
201803 0.047 105.300 0.052
201806 -0.130 104.900 -0.144
201809 -0.035 106.600 -0.038
201812 -0.148 106.500 -0.162
201903 0.009 107.700 0.010
201906 -0.130 107.700 -0.140
201909 -0.084 109.800 -0.089
201912 -0.017 111.200 -0.018
202003 -0.154 112.300 -0.159
202006 -2.720 110.400 -2.865
202009 0.070 111.700 0.073
202012 -1.174 111.500 -1.225
202103 -0.092 112.662 -0.095
202106 0.037 111.769 0.039
202109 -0.028 112.215 -0.029
202112 -0.264 113.108 -0.271
202203 0.028 114.335 0.028
202206 -0.385 114.558 -0.391
202209 -0.410 115.339 -0.413
202212 -0.060 115.116 -0.061
202303 0.061 115.116 0.062
202306 -0.218 114.558 -0.221
202309 -0.049 115.339 -0.049
202312 -2.227 114.781 -2.257
202403 -0.100 115.227 -0.101
202406 0.033 114.781 0.033
202409 0.042 115.785 0.042
202412 -0.008 114.893 -0.008
202503 -0.124 115.116 -0.125
202506 -0.008 114.907 -0.008
202509 -0.160 115.471 -0.161
202512 0.000 115.832 0.000
202603 -1.184 116.303 -1.184

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 $-1.26 mean?
VNET Group (VNET) has a E10 of $-1.26 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on VNET Group and its competitors.
Is VNET Group's E10 too high?
VNET Group's current E10 is $-1.26. Overall, VNET Group has a GF Score™ of 58/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does VNET Group's E10 compare to INOD and SHAZ?
VNET Group's E10 of $-1.26 can be compared against companies in the Software 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 Software company?
A good E10 depends on the Software 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 VNET Group and its competitors. VNET Group's current E10 is $-1.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is VNET Group stock overvalued right now?
Based on GuruFocus' analysis, VNET Group (VNET) is currently considered Significantly Overvalued. The stock's GF Value™ is $4.37, compared to a current price of $7.33 — trading 67.7% above its estimated fair value. The current E10 is $-1.26. VNET Group's overall GF Score™ is 58/100 with 8 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 VNET Group (VNET), the current E10 is $-1.26 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 VNET Group (VNET) Overvalued in 2026?

Based on GuruFocus' analysis, VNET Group stock appears to be overvalued. The current stock price of $7.33 is trading 67.7% above its estimated GF Value™ of $4.37. GuruFocus considers VNET Group to be Significantly Overvalued.

Key valuation signals for VNET:

  • E10: $-1.26
  • GF Value™: $4.37 vs. price of $7.33 (67.7% above fair value)
  • GF Score™: 58/100 with 8 warning signs

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


VNET Group Business Description

Other Exchanges 217A:Germany
Address No. 10 Jiuxianqiao East Road, Guanjie Building Southeast 1st Floor, Chaoyang District, Beijing, CHN, 100016
VNET started as AsiaCloud in 1999 and moved into the data center business, opening its first self-developed data center in 2010. The firm listed (as 21Vianet) on the Nasdaq in April 2011, subsequently changing its name to VNET Group in 2021. It originally focused on providing data center services such as colocation and cloud services to retail clients in China, but added hyperscale customers in 2019 and now counts large Chinese hyperscalers such as Alibaba Cloud, Tencent Cloud, and Huawei Cloud as customers. At the end of December 2025, it had 49,863 retail cabinets, with the majority in Beijing, Shanghai, and the Greater Bay area. It also had 889 MW of wholesale capacity in service, with a further 452 MW under construction and a further 840 MW held for future development.
58GF Score

Get the complete analysis for VNET

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

$7.33
Price
$4.37
GF Value