Artifex Mundi (WAR:ART) E10: zł0.81 (As of Mar. 2026)


WAR:ART Artifex Mundi SA WAR:ART
97 GF Score
Price zł22.35
GF Value zł19.63
Valuation Modestly Overvalued
! 5 Warning Signs
View Full Analysis

What is Artifex Mundi E10?

Artifex Mundi WAR:ART +7.71% 97 E10 is zł0.81 as of Mar. 2026. GuruFocus rates WAR:ART with a GF Score™ of 97/100 and a GF Value™ of zł19.63 (Modestly Overvalued). The stock has 5 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.

Artifex Mundi's adjusted earnings per share data for the three months ended in Mar. 2026 was zł0.450. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is zł0.81 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.

As of today (2026-06-24), Artifex Mundi's current stock price is zł22.35. Artifex Mundi's E10 for the quarter that ended in Mar. 2026 was zł0.81. Artifex Mundi's Shiller PE Ratio of today is 27.59.

During the past 11 years, the highest Shiller PE Ratio of Artifex Mundi was 29.20. The lowest was 16.03. And the median was 20.41.


Artifex Mundi  (WAR:ART) 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.

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

Shiller PE Ratio=Share Price/E10
=22.35/0.81
=27.59

* 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 11 years, the highest Shiller P/E Ratio of Artifex Mundi was 29.20. The lowest was 16.03. And the median was 20.41.


Be Aware

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


Artifex Mundi E10 Related Terms


Artifex Mundi E10 Historical Data

* Premium members only.

The historical data trend for Artifex Mundi'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.

Artifex Mundi E10 Chart

Artifex Mundi 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 0.00 0.00 0.00 0.00 0.79

Artifex Mundi 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 0.00 0.73 0.75 0.79 0.81

WAR:ART vs NTES, EA, TTWO: E10 Comparison

For the Electronic Gaming & Multimedia subindustry, Artifex Mundi'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.


Artifex Mundi Shiller PE Ratio vs Interactive Media Industry

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

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


WAR:ART
97GF Score
Artifex Mundi SA WAR:ART
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Artifex Mundi 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, Artifex Mundi'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)
=0.45/158.3232*158.3232
=0.450

Current CPI (Mar. 2026) = 158.3232.

Artifex Mundi Quarterly Data

per share eps CPI Adj_EPS
201606 0.199 99.552 0.316
201609 0.210 99.064 0.336
201612 0.010 100.366 0.016
201703 0.180 101.018 0.282
201706 0.079 101.180 0.124
201709 0.049 101.343 0.077
201712 -0.654 102.564 -1.010
201803 0.130 102.564 0.201
201806 0.118 103.378 0.181
201809 0.027 103.378 0.041
201812 -1.125 103.785 -1.716
201903 0.040 104.274 0.061
201906 0.100 105.983 0.149
201909 0.071 105.983 0.106
201912 -1.321 107.123 -1.952
202003 0.120 109.076 0.174
202006 0.280 109.402 0.405
202009 0.167 109.320 0.242
202012 0.120 109.565 0.173
202103 0.280 112.658 0.393
202106 0.270 113.960 0.375
202109 0.280 115.588 0.384
202112 0.240 119.088 0.319
202203 0.410 125.031 0.519
202206 0.098 131.705 0.118
202209 0.147 135.531 0.172
202212 0.350 139.113 0.398
202303 0.340 145.950 0.369
202306 0.490 147.009 0.528
202309 0.375 146.113 0.406
202312 0.890 147.741 0.954
202403 0.620 149.044 0.659
202406 0.590 150.997 0.619
202409 0.632 153.439 0.652
202412 0.460 154.660 0.471
202503 0.720 157.021 0.726
202506 0.470 157.509 0.472
202509 0.432 157.998 0.433
202512 0.500 158.323 0.500
202603 0.450 158.323 0.450

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 zł0.81 mean?
Artifex Mundi (WAR:ART) has a E10 of zł0.81 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Artifex Mundi and its competitors.
Is Artifex Mundi's E10 too high?
Artifex Mundi's current E10 is zł0.81. Overall, Artifex Mundi has a GF Score™ of 97/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Artifex Mundi's E10 compare to NTES and EA?
Artifex Mundi's E10 of zł0.81 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 Artifex Mundi and its competitors. Artifex Mundi's current E10 is zł0.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Artifex Mundi stock overvalued right now?
Based on GuruFocus' analysis, Artifex Mundi (WAR:ART) is currently considered Modestly Overvalued. The stock's GF Value™ is zł19.63, compared to a current price of zł22.35 — trading 13.9% above its estimated fair value. The current E10 is zł0.81. Artifex Mundi's overall GF Score™ is 97/100 with 5 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 Artifex Mundi (WAR:ART), the current E10 is zł0.81 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 Artifex Mundi (WAR:ART) Overvalued in 2026?

Based on GuruFocus' analysis, Artifex Mundi stock appears to be overvalued. The current stock price of zł22.35 is trading 13.9% above its estimated GF Value™ of zł19.63. GuruFocus considers Artifex Mundi to be Modestly Overvalued.

Key valuation signals for WAR:ART:

  • E10: zł0.81
  • GF Value™: zł19.63 vs. price of zł22.35 (13.9% above fair value)
  • GF Score™: 97/100 with 5 warning signs

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


Artifex Mundi Business Description

Address Michala Archaniola 10, Zabrze, POL, 41-800
Artifex Mundi SA is a producer, co-producer and publisher of games for platforms including Android, iOS, Windows Phone, PC, Mac, Linux, Xbox One and PlayStation 4. Its business segments include Game segment premium, which includes the production of games monetyzowanych model try-before- you-buy and publishing activities and investment in the field of games monetyzowanych model try-before- you-buy.
97GF Score

Get the complete analysis for WAR:ART

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

zł22.35
Price
zł19.63
GF Value