Medard (WAR:MRD) E10: zł-0.04 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
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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.
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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:MRD Medard SA WAR:MRD
28 GF Score
Price zł0.40
! 1 Warning Sign
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What is Medard E10?

Medard WAR:MRD 28 E10 is zł-0.04 as of Mar. 2026. GuruFocus rates WAR:MRD with a GF Score™ of 28/100. 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.

Medard's adjusted earnings per share data for the three months ended in Mar. 2026 was zł-0.005. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is zł-0.04 for the trailing ten years ended in Mar. 2026.

During the past 3 years, the average E10 Growth Rate was 18.30% 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 Medard was 18.30% per year. The lowest was -28.90% per year. And the median was -5.30% per year.

As of today (2026-07-16), Medard's current stock price is zł0.40. Medard's E10 for the quarter that ended in Mar. 2026 was zł-0.04. Medard's Shiller PE Ratio of today is .


Medard  (WAR:MRD) 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.


Medard E10 Related Terms


Medard E10 Historical Data

* Premium members only.

The historical data trend for Medard'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.

Medard E10 Chart

Medard 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 -0.11 -0.14 -0.15 -0.06

Medard 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 -0.15 -0.16 -0.04 -0.06 -0.04

WAR:MRD vs GOOGL, META, SPOT: E10 Comparison

For the Internet Content & Information subindustry, Medard'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.


Medard Shiller PE Ratio vs Interactive Media Industry

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

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


WAR:MRD
28GF Score
Medard SA WAR:MRD
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
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Medard 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, Medard'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)
=-0.005/163.0700*163.0700
=-0.005

Current CPI (Mar. 2026) = 163.0700.

Medard Quarterly Data

per share eps CPI Adj_EPS
201606 -0.002 99.552 -0.003
201609 -0.025 99.064 -0.041
201612 0.078 100.366 0.127
201703 -0.009 101.018 -0.015
201706 -0.012 101.180 -0.019
201709 -0.031 101.343 -0.050
201712 -0.023 102.564 -0.037
201803 -0.014 102.564 -0.022
201806 -0.014 103.378 -0.022
201809 -0.016 103.378 -0.025
201812 -0.015 103.785 -0.024
201903 -0.009 104.274 -0.014
201906 -0.008 105.983 -0.012
201909 -0.009 105.983 -0.014
201912 -0.009 107.123 -0.014
202003 -0.006 109.076 -0.009
202006 -0.006 109.402 -0.009
202009 -0.008 109.320 -0.012
202012 -0.008 109.565 -0.012
202103 -0.008 112.658 -0.012
202106 -0.009 113.960 -0.013
202109 -0.009 115.588 -0.013
202112 -0.008 119.088 -0.011
202203 -0.008 125.031 -0.010
202206 -0.008 131.705 -0.010
202209 -0.008 135.531 -0.010
202212 -0.009 139.113 -0.011
202303 -0.007 145.950 -0.008
202306 -0.009 147.009 -0.010
202309 -0.009 146.113 -0.010
202312 -0.007 147.741 -0.008
202403 -0.012 149.044 -0.013
202406 -0.005 150.997 -0.005
202409 -0.005 153.439 -0.005
202412 -0.005 154.660 -0.005
202503 -0.005 157.021 -0.005
202506 -0.005 157.509 -0.005
202509 -0.005 158.000 -0.005
202512 -0.005 158.320 -0.005
202603 -0.005 163.070 -0.005

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-0.04 mean?
Medard (WAR:MRD) has a E10 of zł-0.04 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Medard and its competitors.
Is Medard's E10 too high?
Medard's current E10 is zł-0.04. Overall, Medard has a GF Score™ of 28/100, reflecting its overall financial health beyond just this single metric.
How does Medard's E10 compare to GOOGL and META?
Medard's E10 of zł-0.04 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 Medard and its competitors. Medard's current E10 is zł-0.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Medard stock overvalued right now?
Medard (WAR:MRD) has a current E10 of zł-0.04. The current E10 is zł-0.04. Medard's overall GF Score™ is 28/100 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 Medard (WAR:MRD), the current E10 is zł-0.04 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.

Medard Business Description

Address ul. Bagno 2/212, Warszawa, POL, 00-112
Medard SA, formerly Boomerang SA is a web development company. It provides services including website creation, maintenance services, implementation of content management systems, search engine optimization, to Internet marketing and consulting.
28GF Score

Get the complete analysis for WAR:MRD

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

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