Intermarum (WAR:IMR) E10: zł-0.03 (As of Dec. 2025)


What is Intermarum E10?

Intermarum WAR:IMR E10 is zł-0.03 as of Dec. 2025. The stock has 4 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.

Intermarum's adjusted earnings per share data for the three months ended in Dec. 2025 was zł-0.001. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is zł-0.03 for the trailing ten years ended in Dec. 2025.

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 (2026-06-28), Intermarum's current stock price is zł0.0355. Intermarum's E10 for the quarter that ended in Dec. 2025 was zł-0.03. Intermarum's Shiller PE Ratio of today is .


Intermarum  (WAR:IMR) 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.


Intermarum E10 Related Terms


Intermarum E10 Historical Data

* Premium members only.

The historical data trend for Intermarum'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.

Intermarum E10 Chart

Intermarum 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 -0.03 -0.03 -0.03

Intermarum Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
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 -0.03 -0.03 0.00 -0.03 -0.03

WAR:IMR vs NTES, RBLX, TTWO: E10 Comparison

For the Electronic Gaming & Multimedia subindustry, Intermarum'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.


Intermarum Shiller PE Ratio vs Interactive Media Industry

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

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



Intermarum 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, Intermarum's adjusted earnings per share data for the three months ended in Dec. 2025 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=-0.001/158.3232*158.3232
=-0.001

Current CPI (Dec. 2025) = 158.3232.

Intermarum Quarterly Data

per share eps CPI Adj_EPS
201603 -0.006 98.983 -0.010
201606 -0.007 99.552 -0.011
201609 -0.003 99.064 -0.005
201612 -0.047 100.366 -0.074
201703 -0.001 101.018 -0.002
201706 -0.001 101.180 -0.002
201709 0.005 101.343 0.008
201712 -0.008 102.564 -0.012
201803 -0.007 102.564 -0.011
201806 0.027 103.378 0.041
201809 -0.009 103.378 -0.014
201812 -0.048 103.785 -0.073
201903 0.002 104.274 0.003
201906 -0.001 105.983 -0.001
201909 -0.001 105.983 -0.001
201912 -0.010 107.123 -0.015
202003 -0.001 109.076 -0.001
202006 -0.001 109.402 -0.001
202009 -0.001 109.320 -0.001
202012 -0.048 109.565 -0.069
202103 -0.012 112.658 -0.017
202106 -0.007 113.960 -0.010
202109 -0.004 115.588 -0.005
202112 0.006 119.088 0.008
202203 -0.002 125.031 -0.003
202206 -0.004 131.705 -0.005
202209 -0.005 135.531 -0.006
202212 -0.004 139.113 -0.005
202303 -0.001 145.950 -0.001
202306 -0.001 147.009 -0.001
202309 -0.001 146.113 -0.001
202312 -0.031 147.741 -0.033
202403 -0.001 149.044 -0.001
202406 -0.002 150.997 -0.002
202409 -0.002 153.439 -0.002
202412 0.002 154.660 0.002
202503 -0.001 157.021 -0.001
202506 0.000 157.509 0.000
202509 -0.001 157.998 -0.001
202512 -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-0.03 mean?
Intermarum (WAR:IMR) has a E10 of zł-0.03 as of Dec. 2025. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Intermarum and its competitors.
Is Intermarum's E10 too high?
Intermarum's current E10 is zł-0.03.
How does Intermarum's E10 compare to NTES and RBLX?
Intermarum's E10 of zł-0.03 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 Intermarum and its competitors. Intermarum's current E10 is zł-0.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Intermarum stock overvalued right now?
Intermarum (WAR:IMR) has a current E10 of zł-0.03. The stock's GF Value™ is zł0.11, compared to a current price of zł0.04 — trading 67.7% below its estimated fair value. The current E10 is zł-0.03. 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 Intermarum (WAR:IMR), the current E10 is zł-0.03 as of Dec. 2025. 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.

Intermarum Business Description

Address ul. Stanislawa Bronicza 3, Opole, POL, 45-840
Intermarum SA is an independent game development studio. The company is composed of a small but dedicated team of experienced game developers.