Jeronimo Martins SGPS (WAR:JMT) E10: zł3.98 (As of Mar. 2026)

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WAR:JMT Jeronimo Martins SGPS SA WAR:JMT
92 GF Score
Price zł72.05
GF Value zł97.19
Valuation Modestly Undervalued
! 5 Warning Signs
View Full Analysis

What is Jeronimo Martins SGPS E10?

Jeronimo Martins SGPS WAR:JMT +0.63% 92 E10 is zł3.98 as of Mar. 2026. GuruFocus rates WAR:JMT with a GF Score™ of 92/100 and a GF Value™ of zł97.19 (Modestly Undervalued). 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.

Jeronimo Martins SGPS's adjusted earnings per share data for the three months ended in Mar. 2026 was zł0.826. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is zł3.98 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Jeronimo Martins SGPS's average E10 Growth Rate was 5.70% per year. During the past 3 years, the average E10 Growth Rate was 7.50% per year. During the past 5 years, the average E10 Growth Rate was 8.60% 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 Jeronimo Martins SGPS was 9.80% per year. The lowest was 2.20% per year. And the median was 6.80% per year.

As of today (2026-07-15), Jeronimo Martins SGPS's current stock price is zł72.05. Jeronimo Martins SGPS's E10 for the quarter that ended in Mar. 2026 was zł3.98. Jeronimo Martins SGPS's Shiller PE Ratio of today is 18.10.

During the past 13 years, the highest Shiller PE Ratio of Jeronimo Martins SGPS was 34.28. The lowest was 17.25. And the median was 24.54.


Jeronimo Martins SGPS  (WAR:JMT) 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.

Jeronimo Martins SGPS's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=72.05/3.98
=18.10

* 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 Jeronimo Martins SGPS was 34.28. The lowest was 17.25. And the median was 24.54.


Be Aware

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


Jeronimo Martins SGPS E10 Related Terms


Jeronimo Martins SGPS E10 Historical Data

* Premium members only.

The historical data trend for Jeronimo Martins SGPS'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.

Jeronimo Martins SGPS E10 Chart

Jeronimo Martins SGPS 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 3.47 3.05 3.82

Jeronimo Martins SGPS 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 3.59 3.69 3.78 3.82 3.98

WAR:JMT vs SYY, USFD, PFGC: E10 Comparison

For the Food Distribution subindustry, Jeronimo Martins SGPS'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.


Jeronimo Martins SGPS Shiller PE Ratio vs Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Jeronimo Martins SGPS's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Jeronimo Martins SGPS's Shiller PE Ratio falls into.


WAR:JMT
92GF Score
Jeronimo Martins SGPS SA WAR:JMT
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Jeronimo Martins SGPS 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, Jeronimo Martins SGPS'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)
=0.826/125.9400*125.9400
=0.826

Current CPI (Mar. 2026) = 125.9400.

Jeronimo Martins SGPS Quarterly Data

per share eps CPI Adj_EPS
201606 0.641 101.319 0.797
201609 2.226 101.122 2.772
201612 0.582 100.998 0.726
201703 0.499 101.924 0.617
201706 0.646 102.240 0.796
201709 0.805 102.527 0.989
201712 0.713 102.479 0.876
201803 0.628 102.626 0.771
201806 0.669 103.790 0.812
201809 0.789 103.960 0.956
201812 0.746 103.159 0.911
201903 0.420 103.495 0.511
201906 0.689 104.192 0.833
201909 0.686 103.844 0.832
201912 0.825 103.592 1.003
202003 0.231 103.544 0.281
202006 0.471 104.323 0.569
202009 0.816 103.699 0.991
202012 0.681 103.354 0.830
202103 0.413 104.014 0.500
202106 0.933 104.852 1.121
202109 0.974 105.232 1.166
202112 0.945 106.191 1.121
202203 0.583 109.559 0.670
202206 1.104 114.003 1.220
202209 0.937 114.999 1.026
202212 1.092 116.377 1.182
202303 0.901 117.701 0.964
202306 1.412 117.872 1.509
202309 1.295 119.111 1.369
202312 1.302 118.032 1.389
202403 0.634 120.396 0.663
202406 1.009 121.165 1.049
202409 1.250 121.574 1.295
202412 0.990 121.585 1.025
202503 0.829 122.624 0.851
202506 0.985 124.042 1.000
202509 1.515 124.490 1.533
202512 1.148 124.240 1.164
202603 0.826 125.940 0.826

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 zł3.98 mean?
Jeronimo Martins SGPS (WAR:JMT) has a E10 of zł3.98 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Jeronimo Martins SGPS and its competitors.
Is Jeronimo Martins SGPS's E10 too high?
Jeronimo Martins SGPS's current E10 is zł3.98. Overall, Jeronimo Martins SGPS has a GF Score™ of 92/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Jeronimo Martins SGPS's E10 compare to SYY and USFD?
Jeronimo Martins SGPS's E10 of zł3.98 can be compared against companies in the Retail - Defensive 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 Retail - Defensive company?
A good E10 depends on the Retail - Defensive 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 Jeronimo Martins SGPS and its competitors. Jeronimo Martins SGPS's current E10 is zł3.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Jeronimo Martins SGPS stock overvalued right now?
Based on GuruFocus' analysis, Jeronimo Martins SGPS (WAR:JMT) is currently considered Modestly Undervalued. The stock's GF Value™ is zł97.19, compared to a current price of zł72.05 — trading 25.9% below its estimated fair value. The current E10 is zł3.98. Jeronimo Martins SGPS's overall GF Score™ is 92/100 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 Jeronimo Martins SGPS (WAR:JMT), the current E10 is zł3.98 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 Jeronimo Martins SGPS (WAR:JMT) Overvalued in 2026?

Based on GuruFocus' analysis, Jeronimo Martins SGPS stock appears to be undervalued. The current stock price of zł72.05 is trading 25.9% below its estimated GF Value™ of zł97.19. GuruFocus considers Jeronimo Martins SGPS to be Modestly Undervalued.

Key valuation signals for WAR:JMT:

  • E10: zł3.98
  • GF Value™: zł97.19 vs. price of zł72.05 (25.9% below fair value)
  • GF Score™: 92/100 with 5 warning signs

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


Jeronimo Martins SGPS Business Description

Address Rua Actor Antonio Silva, No. 7, Lisboa, PRT, 1649-033
Jeronimo Martins SGPS SA is engaged in food distribution business. It operates food retail business in Poland, Portugal, and Colombia. Its business areas include food distribution, Agribusiness, and Specialised retail. Its segments include Portugal Retail: comprises the business unit of JMR (Pingo Doce supermarkets); Portugal Cash & Carry: includes the business unit Recheio; Poland Retail: the business unit which operates under Biedronka banner in this country; Poland Health and Beauty: includes the Hebe banner business unit in Poland, also includes the operations of its subsidiaries in Czechia and Slovakia; Colombia Retail: the business unit which operates under Ara banner; and Others. It derives the majority of the revenue from Poland Retail business segment.
92GF Score

Get the complete analysis for WAR:JMT

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

zł72.05
Price
zł97.19
GF Value