Hortico (WAR:HOR) E10: zł0.85 (As of Mar. 2026)


WAR:HOR Hortico SA WAR:HOR
91 GF Score
Price zł7.15
GF Value zł7.00
Valuation Fairly Valued
! 5 Warning Signs
View Full Analysis

What is Hortico E10?

Hortico WAR:HOR +0.70% 91 E10 is zł0.85 as of Mar. 2026. GuruFocus rates WAR:HOR with a GF Score™ of 91/100 and a GF Value™ of zł7.00 (Fairly Valued). The stock has 5 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.

Hortico's adjusted earnings per share data for the three months ended in Mar. 2026 was zł0.463. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is zł0.85 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Hortico's average E10 Growth Rate was 9.00% per year. During the past 3 years, the average E10 Growth Rate was 15.90% 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 Hortico was 30.20% per year. The lowest was 15.90% per year. And the median was 23.05% per year.

As of today (2026-06-26), Hortico's current stock price is zł7.15. Hortico's E10 for the quarter that ended in Mar. 2026 was zł0.85. Hortico's Shiller PE Ratio of today is 8.41.

During the past 13 years, the highest Shiller PE Ratio of Hortico was 20.69. The lowest was 7.29. And the median was 9.00.


Hortico  (WAR:HOR) 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.

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

Shiller PE Ratio=Share Price/E10
=7.15/0.85
=8.41

* 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 Hortico was 20.69. The lowest was 7.29. And the median was 9.00.


Be Aware

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


Hortico E10 Related Terms


Hortico E10 Historical Data

* Premium members only.

The historical data trend for Hortico'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.

Hortico E10 Chart

Hortico 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 0.34 0.54 0.63 0.75 0.84

Hortico 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 0.78 0.80 0.80 0.84 0.85

WAR:HOR vs GWW, FAST, FERG: E10 Comparison

For the Industrial Distribution subindustry, Hortico'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.


Hortico Shiller PE Ratio vs Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, Hortico's Shiller PE Ratio distribution charts can be found below:

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


WAR:HOR
91GF Score
Hortico SA WAR:HOR
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hortico 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, Hortico'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)
=0.463/158.3232*158.3232
=0.463

Current CPI (Mar. 2026) = 158.3232.

Hortico Quarterly Data

per share eps CPI Adj_EPS
201606 0.106 99.552 0.169
201609 -0.094 99.064 -0.150
201612 0.002 100.366 0.003
201703 0.274 101.018 0.429
201706 0.116 101.180 0.182
201709 -0.219 101.343 -0.342
201712 -0.011 102.564 -0.017
201803 0.203 102.564 0.313
201806 0.178 103.378 0.273
201809 -0.221 103.378 -0.338
201812 0.000 103.785 0.000
201903 0.251 104.274 0.381
201906 0.146 105.983 0.218
201909 -0.222 105.983 -0.332
201912 -0.023 107.123 -0.034
202003 0.221 109.076 0.321
202006 0.380 109.402 0.550
202009 -0.123 109.320 -0.178
202012 0.055 109.565 0.079
202103 0.475 112.658 0.668
202106 0.515 113.960 0.715
202109 -0.244 115.588 -0.334
202112 0.275 119.088 0.366
202203 0.571 125.031 0.723
202206 0.820 131.705 0.986
202209 -0.199 135.531 -0.232
202212 0.215 139.113 0.245
202303 0.592 145.950 0.642
202306 0.401 147.009 0.432
202309 -0.316 146.113 -0.342
202312 0.166 147.741 0.178
202403 0.622 149.044 0.661
202406 0.437 150.997 0.458
202409 -0.292 153.439 -0.301
202412 0.537 154.660 0.550
202503 0.544 157.021 0.549
202506 0.402 157.509 0.404
202509 -0.335 157.998 -0.336
202512 0.292 158.323 0.292
202603 0.463 158.323 0.463

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 zł0.85 mean?
Hortico (WAR:HOR) has a E10 of zł0.85 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Hortico and its competitors.
Is Hortico's E10 too high?
Hortico's current E10 is zł0.85. Overall, Hortico has a GF Score™ of 91/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Hortico's E10 compare to GWW and FAST?
Hortico's E10 of zł0.85 can be compared against companies in the Industrial Distribution 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 Industrial Distribution company?
A good E10 depends on the Industrial Distribution 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 Hortico and its competitors. Hortico's current E10 is zł0.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hortico stock overvalued right now?
Based on GuruFocus' analysis, Hortico (WAR:HOR) is currently considered Fairly Valued. The stock's GF Value™ is zł7.00, compared to a current price of zł7.15 — trading 2.1% above its estimated fair value. The current E10 is zł0.85. Hortico's overall GF Score™ is 91/100 with 5 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 Hortico (WAR:HOR), the current E10 is zł0.85 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 Hortico (WAR:HOR) Overvalued in 2026?

Based on GuruFocus' analysis, Hortico stock appears to be overvalued. The current stock price of zł7.15 is trading 2.1% above its estimated GF Value™ of zł7.00. GuruFocus considers Hortico to be Fairly Valued.

Key valuation signals for WAR:HOR:

  • E10: zł0.85
  • GF Value™: zł7.00 vs. price of zł7.15 (2.1% above fair value)
  • GF Score™: 91/100 with 5 warning signs

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


Hortico Business Description

Address Ulica Gieldowa 12H, Wroclaw, POL, 52-437
Hortico SA operates on the wholesale and retail sale of gardening articles. The company offers a wide range of goods, seeds and cuttings, fertilizers, garden substrates, biological protection agents, films and nonwovens, plant protection products, gardening equipment, garden tools and nursery articles. It works with suppliers from all over Europe and sells in Poland, Russia, Portugal, Hungary, Ukraine and Belarus.
91GF Score

Get the complete analysis for WAR:HOR

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

zł7.15
Price
zł7.00
GF Value