BRAS (WAR:BSA) E10: zł-0.02 (As of Mar. 2026)


WAR:BSA BRAS SA WAR:BSA
43 GF Score
Price zł0.22
GF Value zł0.09
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is BRAS E10?

BRAS WAR:BSA +2.84% 43 E10 is zł-0.02 as of Mar. 2026. GuruFocus rates WAR:BSA with a GF Score™ of 43/100 and a GF Value™ of zł0.09 (Significantly Overvalued). 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.

BRAS's adjusted earnings per share data for the three months ended in Mar. 2026 was zł0.001. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is zł-0.02 for the trailing ten years ended in Mar. 2026.

During the past 3 years, the average E10 Growth Rate was 67.70% 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 BRAS was 67.70% per year. The lowest was 59.10% per year. And the median was 63.40% per year.

As of today (2026-06-27), BRAS's current stock price is zł0.217. BRAS's E10 for the quarter that ended in Mar. 2026 was zł-0.02. BRAS's Shiller PE Ratio of today is .


BRAS  (WAR:BSA) 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.


BRAS E10 Related Terms


BRAS E10 Historical Data

* Premium members only.

The historical data trend for BRAS'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.

BRAS E10 Chart

BRAS 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 -1.32 -1.78 -2.08 -0.09 -0.06

BRAS 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 -0.06 -0.10 0.00 -0.06 -0.02

WAR:BSA vs NEE, SO, DUK: E10 Comparison

For the Utilities - Regulated Electric subindustry, BRAS'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.


BRAS Shiller PE Ratio vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, BRAS's Shiller PE Ratio distribution charts can be found below:

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


WAR:BSA
43GF Score
BRAS SA WAR:BSA
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

BRAS 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, BRAS'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)
=0.001/158.3232*158.3232
=0.001

Current CPI (Mar. 2026) = 158.3232.

BRAS Quarterly Data

per share eps CPI Adj_EPS
201606 -0.002 99.552 -0.003
201609 -0.011 99.064 -0.018
201612 -0.006 100.366 -0.009
201703 -0.003 101.018 -0.005
201706 0.000 101.180 0.000
201709 0.002 101.343 0.003
201712 0.000 102.564 0.000
201803 0.003 102.564 0.005
201806 -0.001 103.378 -0.002
201809 0.000 103.378 0.000
201812 0.001 103.785 0.002
201903 0.001 104.274 0.002
201906 0.001 105.983 0.001
201909 0.000 105.983 0.000
201912 0.001 107.123 0.001
202003 0.001 109.076 0.001
202006 -0.001 109.402 -0.001
202009 -0.004 109.320 -0.006
202012 -0.020 109.565 -0.029
202103 0.002 112.658 0.003
202106 0.001 113.960 0.001
202109 0.000 115.588 0.000
202112 -0.063 119.088 -0.084
202203 0.000 125.031 0.000
202206 0.001 131.705 0.001
202209 0.001 135.531 0.001
202212 -0.008 139.113 -0.009
202303 0.002 145.950 0.002
202306 0.000 147.009 0.000
202309 0.003 146.113 0.003
202312 -0.019 147.741 -0.020
202403 -0.004 149.044 -0.004
202406 -0.003 150.997 -0.003
202409 -0.002 153.439 -0.002
202412 0.003 154.660 0.003
202503 0.001 157.021 0.001
202506 0.003 157.509 0.003
202509 0.000 157.998 0.000
202512 0.010 158.323 0.010
202603 0.001 158.323 0.001

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 zł-0.02 mean?
BRAS (WAR:BSA) has a E10 of zł-0.02 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on BRAS and its competitors.
Is BRAS's E10 too high?
BRAS's current E10 is zł-0.02. Overall, BRAS has a GF Score™ of 43/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does BRAS's E10 compare to NEE and SO?
BRAS's E10 of zł-0.02 can be compared against companies in the Utilities - Regulated 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 Utilities - Regulated company?
A good E10 depends on the Utilities - Regulated 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 BRAS and its competitors. BRAS's current E10 is zł-0.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BRAS stock overvalued right now?
Based on GuruFocus' analysis, BRAS (WAR:BSA) is currently considered Significantly Overvalued. The stock's GF Value™ is zł0.09, compared to a current price of zł0.22 — trading 141.1% above its estimated fair value. The current E10 is zł-0.02. BRAS's overall GF Score™ is 43/100 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 BRAS (WAR:BSA), the current E10 is zł-0.02 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 BRAS (WAR:BSA) Overvalued in 2026?

Based on GuruFocus' analysis, BRAS stock appears to be overvalued. The current stock price of zł0.22 is trading 141.1% above its estimated GF Value™ of zł0.09. GuruFocus considers BRAS to be Significantly Overvalued.

Key valuation signals for WAR:BSA:

  • E10: zł-0.02
  • GF Value™: zł0.09 vs. price of zł0.22 (141.1% above fair value)
  • GF Score™: 43/100 with 6 warning signs

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


BRAS Business Description

Address Gronowa Street 22, Poznan, POL, 61-655
BRAS SA is engaged in the energy sector. The company focuses its activities on the trade and distribution of electricity and power generation from renewable sources and the production of bio-components. It also provides consulting services.
43GF Score

Get the complete analysis for WAR:BSA

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

zł0.22
Price
zł0.09
GF Value