Forever Entertainment (WAR:FOR) E10: zł0.26 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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:FOR Forever Entertainment SA WAR:FOR
75 GF Score
Price zł2.46
GF Value zł3.13
Valuation Modestly Undervalued
! 3 Warning Signs
View Full Analysis

What is Forever Entertainment E10?

Forever Entertainment WAR:FOR +1.65% 75 E10 is zł0.26 as of Mar. 2026. GuruFocus rates WAR:FOR with a GF Score™ of 75/100 and a GF Value™ of zł3.13 (Modestly Undervalued). 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.

Forever Entertainment's adjusted earnings per share data for the three months ended in Mar. 2026 was zł0.077. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is zł0.26 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Forever Entertainment's average E10 Growth Rate was 18.20% per year. During the past 3 years, the average E10 Growth Rate was 19.70% 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 Forever Entertainment was 44.20% per year. The lowest was 19.70% per year. And the median was 31.95% per year.

As of today (2026-08-11), Forever Entertainment's current stock price is zł2.46. Forever Entertainment's E10 for the quarter that ended in Mar. 2026 was zł0.26. Forever Entertainment's Shiller PE Ratio of today is 9.46.

During the past 13 years, the highest Shiller PE Ratio of Forever Entertainment was 110.71. The lowest was 9.31. And the median was 22.12.


Forever Entertainment  (WAR:FOR) 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.

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

Shiller PE Ratio=Share Price/E10
=2.46/0.26
=9.46

* 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 Forever Entertainment was 110.71. The lowest was 9.31. And the median was 22.12.


Be Aware

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


Forever Entertainment E10 Related Terms


Forever Entertainment E10 Historical Data

* Premium members only.

The historical data trend for Forever Entertainment'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.

Forever Entertainment E10 Chart

Forever Entertainment 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 0.07 0.14 0.18 0.21 0.24

Forever Entertainment 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 0.22 0.23 0.24 0.24 0.26

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

For the Electronic Gaming & Multimedia subindustry, Forever Entertainment'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.


Forever Entertainment Shiller PE Ratio vs Interactive Media Industry

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

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


WAR:FOR
75GF Score
Forever Entertainment SA WAR:FOR
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Forever Entertainment 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, Forever Entertainment'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)
=0.077/163.0700*163.0700
=0.077

Current CPI (Mar. 2026) = 163.0700.

Forever Entertainment Quarterly Data

per share eps CPI Adj_EPS
201606 -0.011 99.552 -0.018
201609 -0.005 99.064 -0.008
201612 -0.015 100.366 -0.024
201703 -0.010 101.018 -0.016
201706 -0.013 101.180 -0.021
201709 -0.009 101.343 -0.014
201712 -0.016 102.564 -0.025
201803 0.015 102.564 0.024
201806 0.026 103.378 0.041
201809 0.050 103.378 0.079
201812 0.031 103.785 0.049
201903 0.036 104.274 0.056
201906 0.129 105.983 0.198
201909 0.043 105.983 0.066
201912 0.029 107.123 0.044
202003 0.134 109.076 0.200
202006 0.360 109.402 0.537
202009 0.052 109.320 0.078
202012 -0.021 109.565 -0.031
202103 0.078 112.658 0.113
202106 -0.021 113.960 -0.030
202109 0.058 115.588 0.082
202112 -0.058 119.088 -0.079
202203 0.007 125.031 0.009
202206 0.222 131.705 0.275
202209 0.067 135.531 0.081
202212 0.060 139.113 0.070
202303 0.046 145.950 0.051
202306 0.061 147.009 0.068
202309 0.034 146.113 0.038
202312 0.076 147.741 0.084
202403 0.038 149.044 0.042
202406 0.112 150.997 0.121
202409 0.038 153.439 0.040
202412 0.059 154.660 0.062
202503 0.075 157.021 0.078
202506 0.089 157.509 0.092
202509 0.087 158.000 0.090
202512 0.012 158.320 0.012
202603 0.077 163.070 0.077

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 zł0.26 mean?
Forever Entertainment (WAR:FOR) has a E10 of zł0.26 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Forever Entertainment and its competitors.
Is Forever Entertainment's E10 too high?
Forever Entertainment's current E10 is zł0.26. Overall, Forever Entertainment has a GF Score™ of 75/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Forever Entertainment's E10 compare to NTES and EA?
Forever Entertainment's E10 of zł0.26 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 Forever Entertainment and its competitors. Forever Entertainment's current E10 is zł0.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Forever Entertainment stock overvalued right now?
Based on GuruFocus' analysis, Forever Entertainment (WAR:FOR) is currently considered Modestly Undervalued. The stock's GF Value™ is zł3.13, compared to a current price of zł2.46 — trading 21.4% below its estimated fair value. The current E10 is zł0.26. Forever Entertainment's overall GF Score™ is 75/100 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 Forever Entertainment (WAR:FOR), the current E10 is zł0.26 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 Forever Entertainment (WAR:FOR) Overvalued in 2026?

Based on GuruFocus' analysis, Forever Entertainment stock appears to be undervalued. The current stock price of zł2.46 is trading 21.4% below its estimated GF Value™ of zł3.13. GuruFocus considers Forever Entertainment to be Modestly Undervalued.

Key valuation signals for WAR:FOR:

  • E10: zł0.26
  • GF Value™: zł3.13 vs. price of zł2.46 (21.4% below fair value)
  • GF Score™: 75/100 with 3 warning signs

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


Forever Entertainment Business Description

Address Al. Zwyciestwa 96/98, Gdynia, POL, 81-451
Forever Entertainment SA is an entertainment company that designs and manufactures computer game for different platforms. The company's games, such as Startioe, Not Dying Today, The Final Take, Zombillie, Teddy Floppy Ear, among others.
75GF Score

Get the complete analysis for WAR:FOR

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

zł2.46
Price
zł3.13
GF Value