Asseco South Eastern Europe (WAR:ASE) E10: zł3.19 (As of Mar. 2026)


WAR:ASE Asseco South Eastern Europe SA WAR:ASE
86 GF Score
Price zł59.90
GF Value zł58.90
Valuation Fairly Valued
! 3 Warning Signs
View Full Analysis

What is Asseco South Eastern Europe E10?

Asseco South Eastern Europe WAR:ASE +0.17% 86 E10 is zł3.19 as of Mar. 2026. GuruFocus rates WAR:ASE with a GF Score™ of 86/100 and a GF Value™ of zł58.90 (Fairly Valued). The stock has 3 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.

Asseco South Eastern Europe's adjusted earnings per share data for the three months ended in Mar. 2026 was zł0.920. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is zł3.19 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Asseco South Eastern Europe's average E10 Growth Rate was 10.40% per year. During the past 3 years, the average E10 Growth Rate was 15.80% per year. During the past 5 years, the average E10 Growth Rate was 20.90% 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 Asseco South Eastern Europe was 25.00% per year. The lowest was 15.80% per year. And the median was 22.90% per year.

As of today (2026-06-26), Asseco South Eastern Europe's current stock price is zł59.90. Asseco South Eastern Europe's E10 for the quarter that ended in Mar. 2026 was zł3.19. Asseco South Eastern Europe's Shiller PE Ratio of today is 18.78.

During the past 13 years, the highest Shiller PE Ratio of Asseco South Eastern Europe was 36.88. The lowest was 17.14. And the median was 22.52.


Asseco South Eastern Europe  (WAR:ASE) 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.

Asseco South Eastern Europe's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=59.90/3.19
=18.78

* 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 Asseco South Eastern Europe was 36.88. The lowest was 17.14. And the median was 22.52.


Be Aware

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


Asseco South Eastern Europe E10 Related Terms


Asseco South Eastern Europe E10 Historical Data

* Premium members only.

The historical data trend for Asseco South Eastern Europe'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.

Asseco South Eastern Europe E10 Chart

Asseco South Eastern Europe 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 1.51 2.01 2.42 2.80 3.12

Asseco South Eastern Europe 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 2.89 2.95 3.02 3.12 3.19

WAR:ASE vs CRM, SHOP, UBER: E10 Comparison

For the Software - Application subindustry, Asseco South Eastern Europe'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.


Asseco South Eastern Europe Shiller PE Ratio vs Software Industry

For the Software industry and Technology sector, Asseco South Eastern Europe's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Asseco South Eastern Europe's Shiller PE Ratio falls into.


WAR:ASE
86GF Score
Asseco South Eastern Europe SA WAR:ASE
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Asseco South Eastern Europe 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, Asseco South Eastern Europe'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)
=0.92/158.3232*158.3232
=0.920

Current CPI (Mar. 2026) = 158.3232.

Asseco South Eastern Europe Quarterly Data

per share eps CPI Adj_EPS
201606 0.240 99.552 0.382
201609 0.210 99.064 0.336
201612 0.390 100.366 0.615
201703 0.190 101.018 0.298
201706 0.300 101.180 0.469
201709 0.210 101.343 0.328
201712 0.350 102.564 0.540
201803 0.220 102.564 0.340
201806 0.300 103.378 0.459
201809 0.350 103.378 0.536
201812 0.390 103.785 0.595
201903 0.350 104.274 0.531
201906 0.350 105.983 0.523
201909 0.490 105.983 0.732
201912 0.540 107.123 0.798
202003 0.450 109.076 0.653
202006 0.520 109.402 0.753
202009 0.600 109.320 0.869
202012 0.670 109.565 0.968
202103 0.610 112.658 0.857
202106 0.640 113.960 0.889
202109 0.720 115.588 0.986
202112 0.910 119.088 1.210
202203 0.740 125.031 0.937
202206 1.240 131.705 1.491
202209 0.960 135.531 1.121
202212 0.680 139.113 0.774
202303 0.870 145.950 0.944
202306 0.900 147.009 0.969
202309 1.210 146.113 1.311
202312 0.870 147.741 0.932
202403 0.900 149.044 0.956
202406 0.770 150.997 0.807
202409 1.040 153.439 1.073
202412 1.120 154.660 1.147
202503 0.690 157.021 0.696
202506 0.810 157.509 0.814
202509 1.060 157.998 1.062
202512 1.250 158.323 1.250
202603 0.920 158.323 0.920

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 zł3.19 mean?
Asseco South Eastern Europe (WAR:ASE) has a E10 of zł3.19 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Asseco South Eastern Europe and its competitors.
Is Asseco South Eastern Europe's E10 too high?
Asseco South Eastern Europe's current E10 is zł3.19. Overall, Asseco South Eastern Europe has a GF Score™ of 86/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Asseco South Eastern Europe's E10 compare to CRM and SHOP?
Asseco South Eastern Europe's E10 of zł3.19 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 Asseco South Eastern Europe and its competitors. Asseco South Eastern Europe's current E10 is zł3.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Asseco South Eastern Europe stock overvalued right now?
Based on GuruFocus' analysis, Asseco South Eastern Europe (WAR:ASE) is currently considered Fairly Valued. The stock's GF Value™ is zł58.90, compared to a current price of zł59.90 — trading 1.7% above its estimated fair value. The current E10 is zł3.19. Asseco South Eastern Europe's overall GF Score™ is 86/100 with 3 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 Asseco South Eastern Europe (WAR:ASE), the current E10 is zł3.19 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 Asseco South Eastern Europe (WAR:ASE) Overvalued in 2026?

Based on GuruFocus' analysis, Asseco South Eastern Europe stock appears to be overvalued. The current stock price of zł59.90 is trading 1.7% above its estimated GF Value™ of zł58.90. GuruFocus considers Asseco South Eastern Europe to be Fairly Valued.

Key valuation signals for WAR:ASE:

  • E10: zł3.19
  • GF Value™: zł58.90 vs. price of zł59.90 (1.7% above fair value)
  • GF Score™: 86/100 with 3 warning signs

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


Asseco South Eastern Europe Business Description

Address ul. Branickiego 13, Warszawa, POL, 02-972
Asseco South Eastern Europe SA along with its subsidiaries provides implementation, integration and outsourcing services. It conducts business operations in the markets of Poland, South Eastern Europe, and Turkey. Its business is divided into three operating segments. Banking Solutions segment deals with integrated banking systems based on the Oracle and Microsoft platforms, including primarily core banking systems. Payment Solutions is engaged in the sale and maintenance of ATMs and POS terminals (point of sale) as well as in the provision of related support services. Systems Integration segment is engaged in the development of customized IT systems, integration of third-party software and elements of infrastructure, as well as in the sale and installation of hardware solutions.
86GF Score

Get the complete analysis for WAR:ASE

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

zł59.90
Price
zł58.90
GF Value