Excellence (WAR:EXC) E10: zł0.04 (As of Mar. 2026)


WAR:EXC Excellence SA WAR:EXC
46 GF Score
Price zł0.44
GF Value zł0.25
Valuation Significantly Overvalued
! 1 Warning Sign
View Full Analysis

What is Excellence E10?

Excellence WAR:EXC +0.92% 46 E10 is zł0.04 as of Mar. 2026. GuruFocus rates WAR:EXC with a GF Score™ of 46/100 and a GF Value™ of zł0.25 (Significantly Overvalued). The stock has 1 warning sign 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.

Excellence's adjusted earnings per share data for the three months ended in Mar. 2026 was zł0.015. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is zł0.04 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Excellence's average E10 Growth Rate was 300.00% 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.

As of today (2026-06-27), Excellence's current stock price is zł0.44. Excellence's E10 for the quarter that ended in Mar. 2026 was zł0.04. Excellence's Shiller PE Ratio of today is 11.00.

During the past 13 years, the highest Shiller PE Ratio of Excellence was 31.00. The lowest was 7.75. And the median was 15.20.


Excellence  (WAR:EXC) 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.

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

Shiller PE Ratio=Share Price/E10
=0.44/0.04
=11.00

* 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 Excellence was 31.00. The lowest was 7.75. And the median was 15.20.


Be Aware

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


Excellence E10 Related Terms


Excellence E10 Historical Data

* Premium members only.

The historical data trend for Excellence'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.

Excellence E10 Chart

Excellence 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 0.01 0.01 0.04

Excellence 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 0.01 0.02 0.02 0.04 0.04

WAR:EXC vs MDLZ, HSY, TR: E10 Comparison

For the Confectioners subindustry, Excellence'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.


Excellence Shiller PE Ratio vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Excellence's Shiller PE Ratio distribution charts can be found below:

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


WAR:EXC
46GF Score
Excellence SA WAR:EXC
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Excellence 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, Excellence'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)
=0.015/158.3232*158.3232
=0.015

Current CPI (Mar. 2026) = 158.3232.

Excellence Quarterly Data

per share eps CPI Adj_EPS
201606 0.002 99.552 0.003
201609 0.000 99.064 0.000
201612 0.000 100.366 0.000
201703 0.002 101.018 0.003
201706 0.003 101.180 0.005
201709 -0.002 101.343 -0.003
201712 0.001 102.564 0.002
201803 0.001 102.564 0.002
201806 0.001 103.378 0.002
201809 0.001 103.378 0.002
201812 -0.003 103.785 -0.005
201903 0.001 104.274 0.002
201906 -0.001 105.983 -0.001
201909 -0.004 105.983 -0.006
201912 0.004 107.123 0.006
202003 0.000 109.076 0.000
202006 -0.002 109.402 -0.003
202009 0.002 109.320 0.003
202012 0.002 109.565 0.003
202103 0.003 112.658 0.004
202106 0.003 113.960 0.004
202109 0.010 115.588 0.014
202112 -0.009 119.088 -0.012
202203 0.001 125.031 0.001
202206 -0.002 131.705 -0.002
202209 0.008 135.531 0.009
202212 -0.006 139.113 -0.007
202303 0.002 145.950 0.002
202306 0.002 147.009 0.002
202309 0.009 146.113 0.010
202312 0.014 147.741 0.015
202403 0.006 149.044 0.006
202406 0.014 150.997 0.015
202409 0.017 153.439 0.018
202412 0.020 154.660 0.020
202503 0.001 157.021 0.001
202506 0.025 157.509 0.025
202509 0.019 157.998 0.019
202512 0.240 158.323 0.240
202603 0.015 158.323 0.015

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 zł0.04 mean?
Excellence (WAR:EXC) has a E10 of zł0.04 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Excellence and its competitors.
Is Excellence's E10 too high?
Excellence's current E10 is zł0.04. Overall, Excellence has a GF Score™ of 46/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Excellence's E10 compare to MDLZ and HSY?
Excellence's E10 of zł0.04 can be compared against companies in the Consumer Packaged Goods 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 Consumer Packaged Goods company?
A good E10 depends on the Consumer Packaged Goods 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 Excellence and its competitors. Excellence's current E10 is zł0.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Excellence stock overvalued right now?
Based on GuruFocus' analysis, Excellence (WAR:EXC) is currently considered Significantly Overvalued. The stock's GF Value™ is zł0.25, compared to a current price of zł0.44 — trading 76% above its estimated fair value. The current E10 is zł0.04. Excellence's overall GF Score™ is 46/100 with 1 warning sign 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 Excellence (WAR:EXC), the current E10 is zł0.04 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 Excellence (WAR:EXC) Overvalued in 2026?

Based on GuruFocus' analysis, Excellence stock appears to be overvalued. The current stock price of zł0.44 is trading 76% above its estimated GF Value™ of zł0.25. GuruFocus considers Excellence to be Significantly Overvalued.

Key valuation signals for WAR:EXC:

  • E10: zł0.04
  • GF Value™: zł0.25 vs. price of zł0.44 (76% above fair value)
  • GF Score™: 46/100 with 1 warning sign

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


Excellence Business Description

Address Lipa 20A, Strykow, POL, 95-010
Excellence SA manufactures syrups, dietary supplements, beverage concentrates, and beverages under the customer's brand, as well as under its own B2B brands. A key element of business is bottling services for beverage brands and retail chains. Geographically, the activities are carried out in Poland.
46GF Score

Get the complete analysis for WAR:EXC

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

zł0.44
Price
zł0.25
GF Value