Balticon (WAR:BLT) E10: zł1.50 (As of Mar. 2026)

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Vera Yuan
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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.
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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.

WAR:BLT Balticon SA WAR:BLT
68 GF Score
Price zł19.80
GF Value zł21.23
Valuation Fairly Valued
! 6 Warning Signs
View Full Analysis

What is Balticon E10?

Balticon WAR:BLT 68 E10 is zł1.50 as of Mar. 2026. GuruFocus rates WAR:BLT with a GF Score™ of 68/100 and a GF Value™ of zł21.23 (Fairly Valued). The stock has 6 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.

Balticon's adjusted earnings per share data for the three months ended in Mar. 2026 was zł0.760. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is zł1.50 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Balticon's average E10 Growth Rate was 14.50% per year. During the past 3 years, the average E10 Growth Rate was 13.20% 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 Balticon was 56.20% per year. The lowest was 13.20% per year. And the median was 34.70% per year.

As of today (2026-07-14), Balticon's current stock price is zł19.80. Balticon's E10 for the quarter that ended in Mar. 2026 was zł1.50. Balticon's Shiller PE Ratio of today is 13.20.

During the past 13 years, the highest Shiller PE Ratio of Balticon was 81.76. The lowest was 9.73. And the median was 14.53.


Balticon  (WAR:BLT) 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.

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

Shiller PE Ratio=Share Price/E10
=19.80/1.50
=13.20

* 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 Balticon was 81.76. The lowest was 9.73. And the median was 14.53.


Be Aware

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


Balticon E10 Related Terms


Balticon E10 Historical Data

* Premium members only.

The historical data trend for Balticon'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.

Balticon E10 Chart

Balticon 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 0.32 1.00 1.06 1.22 1.45

Balticon 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 1.31 1.29 1.44 1.45 1.50

WAR:BLT vs UPS, FDX, JBHT: E10 Comparison

For the Integrated Freight & Logistics subindustry, Balticon'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.


Balticon Shiller PE Ratio vs Transportation Industry

For the Transportation industry and Industrials sector, Balticon's Shiller PE Ratio distribution charts can be found below:

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


WAR:BLT
68GF Score
Balticon SA WAR:BLT
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Balticon 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, Balticon'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)
=0.76/163.0700*163.0700
=0.760

Current CPI (Mar. 2026) = 163.0700.

Balticon Quarterly Data

per share eps CPI Adj_EPS
201606 0.150 99.552 0.246
201609 -0.183 99.064 -0.301
201612 -0.259 100.366 -0.421
201703 0.519 101.018 0.838
201706 0.237 101.180 0.382
201709 0.140 101.343 0.225
201712 -0.386 102.564 -0.614
201803 0.307 102.564 0.488
201806 0.138 103.378 0.218
201809 0.468 103.378 0.738
201812 -0.069 103.785 -0.108
201903 0.516 104.274 0.807
201906 -0.209 105.983 -0.322
201909 0.098 105.983 0.151
201912 -0.463 107.123 -0.705
202003 0.274 109.076 0.410
202006 0.746 109.402 1.112
202009 0.603 109.320 0.899
202012 0.245 109.565 0.365
202103 0.932 112.658 1.349
202106 0.606 113.960 0.867
202109 0.385 115.588 0.543
202112 -0.594 119.088 -0.813
202203 0.579 125.031 0.755
202206 0.231 131.705 0.286
202209 1.432 135.531 1.723
202212 0.240 139.113 0.281
202303 0.406 145.950 0.454
202306 -0.391 147.009 -0.434
202309 0.277 146.113 0.309
202312 0.456 147.741 0.503
202403 0.080 149.044 0.088
202406 0.141 150.997 0.152
202409 0.409 153.439 0.435
202412 1.027 154.660 1.083
202503 0.740 157.021 0.769
202506 0.027 157.509 0.028
202509 1.536 158.000 1.585
202512 -0.114 158.320 -0.117
202603 0.760 163.070 0.760

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 zł1.50 mean?
Balticon (WAR:BLT) has a E10 of zł1.50 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Balticon and its competitors.
Is Balticon's E10 too high?
Balticon's current E10 is zł1.50. Overall, Balticon has a GF Score™ of 68/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Balticon's E10 compare to UPS and FDX?
Balticon's E10 of zł1.50 can be compared against companies in the Transportation 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 Transportation company?
A good E10 depends on the Transportation 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 Balticon and its competitors. Balticon's current E10 is zł1.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Balticon stock overvalued right now?
Based on GuruFocus' analysis, Balticon (WAR:BLT) is currently considered Fairly Valued. The stock's GF Value™ is zł21.23, compared to a current price of zł19.80 — trading 6.7% below its estimated fair value. The current E10 is zł1.50. Balticon's overall GF Score™ is 68/100 with 6 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 Balticon (WAR:BLT), the current E10 is zł1.50 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 Balticon (WAR:BLT) Overvalued in 2026?

Based on GuruFocus' analysis, Balticon stock appears to be undervalued. The current stock price of zł19.80 is trading 6.7% below its estimated GF Value™ of zł21.23. GuruFocus considers Balticon to be Fairly Valued.

Key valuation signals for WAR:BLT:

  • E10: zł1.50
  • GF Value™: zł21.23 vs. price of zł19.80 (6.7% below fair value)
  • GF Score™: 68/100 with 6 warning signs

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


Balticon Business Description

Address ul. Professor Andruszkiewicza 5, Gdansk, POL, 80-601
Balticon SA supports container traffic handling for international sea owners and trade forwarders. The company offers a variety of shipping containers, modern refrigerator containers, transports of containers by roads and railways between seaports and senders / recipients of the goods and depot services in all Polish ports.
68GF Score

Get the complete analysis for WAR:BLT

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

zł19.80
Price
zł21.23
GF Value