11 bit studios (WAR:11B) E10: zł10.17 (As of Mar. 2026)


WAR:11B 11 bit studios SA WAR:11B
75 GF Score
Price zł132.00
GF Value zł259.06
Valuation Significantly Undervalued
! 4 Warning Signs
View Full Analysis

What is 11 bit studios E10?

11 bit studios WAR:11B -0.38% 75 E10 is zł10.17 as of Mar. 2026. GuruFocus rates WAR:11B with a GF Score™ of 75/100 and a GF Value™ of zł259.06 (Significantly Undervalued). 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.

11 bit studios's adjusted earnings per share data for the three months ended in Mar. 2026 was zł-1.150. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is zł10.17 for the trailing ten years ended in Mar. 2026.

During the past 12 months, 11 bit studios's average E10 Growth Rate was -2.90% per year. During the past 3 years, the average E10 Growth Rate was 1.60% 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 11 bit studios was 11.30% per year. The lowest was 1.60% per year. And the median was 6.45% per year.

As of today (2026-07-04), 11 bit studios's current stock price is zł132.00. 11 bit studios's E10 for the quarter that ended in Mar. 2026 was zł10.17. 11 bit studios's Shiller PE Ratio of today is 12.98.

During the past 13 years, the highest Shiller PE Ratio of 11 bit studios was 74.02. The lowest was 11.60. And the median was 54.64.


11 bit studios  (WAR:11B) 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.

11 bit studios's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=132.00/10.17
=12.98

* 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 11 bit studios was 74.02. The lowest was 11.60. And the median was 54.64.


Be Aware

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


11 bit studios E10 Related Terms


11 bit studios E10 Historical Data

* Premium members only.

The historical data trend for 11 bit studios'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.

11 bit studios E10 Chart

11 bit studios 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 7.88 10.12 10.70 10.86 10.61

11 bit studios 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 10.47 10.85 11.34 10.61 10.17

WAR:11B vs NTES, EA, TTWO: E10 Comparison

For the Electronic Gaming & Multimedia subindustry, 11 bit studios'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.


11 bit studios Shiller PE Ratio vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, 11 bit studios's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where 11 bit studios's Shiller PE Ratio falls into.


WAR:11B
75GF Score
11 bit studios SA WAR:11B
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

11 bit studios 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, 11 bit studios'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)
=-1.15/163.0700*163.0700
=-1.150

Current CPI (Mar. 2026) = 163.0700.

11 bit studios Quarterly Data

per share eps CPI Adj_EPS
201606 0.680 99.552 1.114
201609 0.591 99.064 0.973
201612 2.351 100.366 3.820
201703 -0.470 101.018 -0.759
201706 0.540 101.180 0.870
201709 -0.370 101.343 -0.595
201712 1.720 102.564 2.735
201803 -0.440 102.564 -0.700
201806 11.030 103.378 17.399
201809 1.490 103.378 2.350
201812 3.730 103.785 5.861
201903 1.840 104.274 2.878
201906 1.030 105.983 1.585
201909 0.450 105.983 0.692
201912 6.300 107.123 9.590
202003 6.840 109.076 10.226
202006 3.510 109.402 5.232
202009 2.940 109.320 4.386
202012 2.230 109.565 3.319
202103 1.470 112.658 2.128
202106 4.060 113.960 5.810
202109 1.700 115.588 2.398
202112 4.730 119.088 6.477
202203 1.580 125.031 2.061
202206 4.680 131.705 5.795
202209 2.030 135.531 2.442
202212 1.240 139.113 1.454
202303 1.020 145.950 1.140
202306 0.630 147.009 0.699
202309 -1.300 146.113 -1.451
202312 -0.150 147.741 -0.166
202403 -0.660 149.044 -0.722
202406 0.460 150.997 0.497
202409 19.870 153.439 21.117
202412 -16.820 154.660 -17.735
202503 -2.640 157.021 -2.742
202506 6.150 157.509 6.367
202509 5.580 158.000 5.759
202512 -6.220 158.320 -6.407
202603 -1.150 163.070 -1.150

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 zł10.17 mean?
11 bit studios (WAR:11B) has a E10 of zł10.17 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on 11 bit studios and its competitors.
Is 11 bit studios' E10 too high?
11 bit studios' current E10 is zł10.17. Overall, 11 bit studios has a GF Score™ of 75/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does 11 bit studios' E10 compare to NTES and EA?
11 bit studios' E10 of zł10.17 can be compared against companies in the Interactive Media 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 an Interactive Media company?
A good E10 depends on the Interactive Media 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 11 bit studios and its competitors. 11 bit studios's current E10 is zł10.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is 11 bit studios stock overvalued right now?
Based on GuruFocus' analysis, 11 bit studios (WAR:11B) is currently considered Significantly Undervalued. The stock's GF Value™ is zł259.06, compared to a current price of zł132.00 — trading 49% below its estimated fair value. The current E10 is zł10.17. 11 bit studios' overall GF Score™ is 75/100 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 11 bit studios (WAR:11B), the current E10 is zł10.17 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 11 bit studios (WAR:11B) Overvalued in 2026?

Based on GuruFocus' analysis, 11 bit studios stock appears to be undervalued. The current stock price of zł132.00 is trading 49% below its estimated GF Value™ of zł259.06. GuruFocus considers 11 bit studios to be Significantly Undervalued.

Key valuation signals for WAR:11B:

  • E10: zł10.17
  • GF Value™: zł259.06 vs. price of zł132.00 (49% below fair value)
  • GF Score™: 75/100 with 4 warning signs

No single metric tells the full story. See the WAR:11B stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


11 bit studios Business Description

Other Exchanges 11C:Germany
Address Brechta 7, Warszawa, POL, 03-472
11 bit studios SA is a manufacturer of multi-platform video games in Poland. It develops games for a wide range of devices including personal computers, and tablet computers.
75GF Score

Get the complete analysis for WAR:11B

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

zł132.00
Price
zł259.06
GF Value