CD Projekt (WAR:CDR) E10: zł4.96 (As of Mar. 2026)


WAR:CDR CD Projekt SA WAR:CDR
87 GF Score
Price zł217.40
GF Value zł137.10
Valuation Significantly Overvalued
! 3 Warning Signs
View Full Analysis

What is CD Projekt E10?

CD Projekt WAR:CDR -2.69% 87 E10 is zł4.96 as of Mar. 2026. GuruFocus rates WAR:CDR with a GF Score™ of 87/100 and a GF Value™ of zł137.10 (Significantly Overvalued). 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.

CD Projekt's adjusted earnings per share data for the three months ended in Mar. 2026 was zł1.050. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is zł4.96 for the trailing ten years ended in Mar. 2026.

During the past 3 years, the average E10 Growth Rate was 20.90% per year. During the past 5 years, the average E10 Growth Rate was 28.90% 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 CD Projekt was 42.70% per year. The lowest was 20.90% per year. And the median was 28.05% per year.

As of today (2026-06-27), CD Projekt's current stock price is zł217.40. CD Projekt's E10 for the quarter that ended in Mar. 2026 was zł4.96. CD Projekt's Shiller PE Ratio of today is 43.83.

During the past 13 years, the highest Shiller PE Ratio of CD Projekt was 316.31. The lowest was 23.12. And the median was 52.58.


CD Projekt  (WAR:CDR) 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.

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

Shiller PE Ratio=Share Price/E10
=217.40/4.96
=43.83

* 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 CD Projekt was 316.31. The lowest was 23.12. And the median was 52.58.


Be Aware

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


CD Projekt E10 Related Terms


CD Projekt E10 Historical Data

* Premium members only.

The historical data trend for CD Projekt'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.

CD Projekt E10 Chart

CD Projekt Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.42 2.81 3.60 4.29 4.96

CD Projekt Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 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 4.96 5.15 4.81 4.95 4.96

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

For the Electronic Gaming & Multimedia subindustry, CD Projekt'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.


CD Projekt Shiller PE Ratio vs Interactive Media Industry

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

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


WAR:CDR
87GF Score
CD Projekt SA WAR:CDR
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

CD Projekt 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, CD Projekt'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)
=1.05/158.3232*158.3232
=1.050

Current CPI (Mar. 2026) = 158.3232.

CD Projekt Quarterly Data

per share eps CPI Adj_EPS
201603 0.340 98.983 0.544
201606 1.060 99.552 1.686
201609 0.370 99.064 0.591
201612 0.810 100.366 1.278
201703 0.460 101.018 0.721
201706 0.760 101.180 1.189
201709 0.360 101.343 0.562
201712 0.460 102.564 0.710
201803 0.230 102.564 0.355
201806 0.290 103.378 0.444
201809 0.150 103.378 0.230
201812 0.420 103.785 0.641
201903 0.180 104.274 0.273
201906 0.330 105.983 0.493
201909 0.150 105.983 0.224
201912 1.080 107.123 1.596
202003 0.910 109.076 1.321
202006 0.540 109.402 0.781
202009 0.230 109.320 0.333
202012 9.760 109.565 14.103
202103 0.320 112.658 0.450
202106 0.720 113.960 1.000
202109 0.160 115.588 0.219
202112 0.860 119.088 1.143
202203 0.680 125.031 0.861
202206 0.450 131.705 0.541
202209 0.980 135.531 1.145
202212 1.330 139.113 1.514
202303 0.690 145.950 0.748
202306 0.210 147.009 0.226
202309 2.030 146.113 2.200
202312 1.910 147.741 2.047
202403 1.000 149.044 1.062
202406 0.700 150.997 0.734
202409 0.780 153.439 0.805
202412 2.210 154.660 2.262
202503 1.110 157.021 1.119
202506 0.430 157.509 0.432
202509 1.920 157.998 1.924
202603 1.050 158.323 1.050

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 zł4.96 mean?
CD Projekt (WAR:CDR) has a E10 of zł4.96 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on CD Projekt and its competitors.
Is CD Projekt's E10 too high?
CD Projekt's current E10 is zł4.96. Overall, CD Projekt has a GF Score™ of 87/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does CD Projekt's E10 compare to NTES and EA?
CD Projekt's E10 of zł4.96 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 CD Projekt and its competitors. CD Projekt's current E10 is zł4.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CD Projekt stock overvalued right now?
Based on GuruFocus' analysis, CD Projekt (WAR:CDR) is currently considered Significantly Overvalued. The stock's GF Value™ is zł137.10, compared to a current price of zł217.40 — trading 58.6% above its estimated fair value. The current E10 is zł4.96. CD Projekt's overall GF Score™ is 87/100 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 CD Projekt (WAR:CDR), the current E10 is zł4.96 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 CD Projekt (WAR:CDR) Overvalued in 2026?

Based on GuruFocus' analysis, CD Projekt stock appears to be overvalued. The current stock price of zł217.40 is trading 58.6% above its estimated GF Value™ of zł137.10. GuruFocus considers CD Projekt to be Significantly Overvalued.

Key valuation signals for WAR:CDR:

  • E10: zł4.96
  • GF Value™: zł137.10 vs. price of zł217.40 (58.6% above fair value)
  • GF Score™: 87/100 with 3 warning signs

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


CD Projekt Business Description

Other Exchanges OTGLY:USA7CD:Germany
Address ul. Jagiellonska 74, Building E, Warsaw, POL, 03-301
CD Projekt SA is the holding company of the CD Projekt capital group. The firm, with its subsidiary, develops and publishes video games for hardware platforms such as Steam, PlayStation Store, Xbox Games Store, Nintendo, App Store, Humble Bundle, Origin, and its own proprietary GOG.com platform. It is also involved in international digital video game distribution. The firm has CD Projekt Red and GOG.com segments. It derives the majority of its revenues from the CD Projekt Red segment.
87GF Score

Get the complete analysis for WAR:CDR

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

zł217.40
Price
zł137.10
GF Value