Marka (WAR:MRK) E10: zł-1.77 (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:MRK Marka SA WAR:MRK
30 GF Score
Price zł0.20
GF Value zł0.36
! 2 Warning Signs
View Full Analysis

What is Marka E10?

Marka WAR:MRK 30 E10 is zł-1.77 as of Mar. 2026. GuruFocus rates WAR:MRK with a GF Score™ of 30/100 and a GF Value™ of zł0.36. The stock has 2 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.

Marka's adjusted earnings per share data for the three months ended in Mar. 2026 was zł0.018. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is zł-1.77 for the trailing ten years ended in Mar. 2026.

During the past 3 years, the average E10 Growth Rate was 3.40% 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 Marka was 3.40% per year. The lowest was -0.80% per year. And the median was 1.30% per year.

As of today (2026-07-15), Marka's current stock price is zł0.20. Marka's E10 for the quarter that ended in Mar. 2026 was zł-1.77. Marka's Shiller PE Ratio of today is .


Marka  (WAR:MRK) 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.


Marka E10 Related Terms


Marka E10 Historical Data

* Premium members only.

The historical data trend for Marka'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.

Marka E10 Chart

Marka 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 -1.70 -1.95 -1.58 -1.74 -1.76

Marka 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 -1.78 -1.79 -1.77 -1.76 -1.77

WAR:MRK vs V, MA, AXP: E10 Comparison

For the Credit Services subindustry, Marka'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.


Marka Shiller PE Ratio vs Credit Services Industry

For the Credit Services industry and Financial Services sector, Marka's Shiller PE Ratio distribution charts can be found below:

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


WAR:MRK
30GF Score
Marka SA WAR:MRK
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Marka 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, Marka'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)
=0.018/163.0700*163.0700
=0.018

Current CPI (Mar. 2026) = 163.0700.

Marka Quarterly Data

per share eps CPI Adj_EPS
201606 -0.334 99.552 -0.547
201609 -0.101 99.064 -0.166
201612 -0.913 100.366 -1.483
201703 -0.497 101.018 -0.802
201706 -0.621 101.180 -1.001
201709 -0.422 101.343 -0.679
201712 -1.036 102.564 -1.647
201803 -0.821 102.564 -1.305
201806 -0.681 103.378 -1.074
201809 -0.838 103.378 -1.322
201812 -2.621 103.785 -4.118
201903 -0.841 104.274 -1.315
201906 -0.451 105.983 -0.694
201909 -0.381 105.983 -0.586
201912 -0.285 107.123 -0.434
202003 -0.056 109.076 -0.084
202006 0.103 109.402 0.154
202009 -0.078 109.320 -0.116
202012 -0.084 109.565 -0.125
202103 -0.122 112.658 -0.177
202106 -0.081 113.960 -0.116
202109 -0.080 115.588 -0.113
202112 0.125 119.088 0.171
202203 -0.058 125.031 -0.076
202206 -0.035 131.705 -0.043
202209 -0.064 135.531 -0.077
202212 0.016 139.113 0.019
202303 -0.083 145.950 -0.093
202306 -0.081 147.009 -0.090
202309 -0.079 146.113 -0.088
202312 -0.062 147.741 -0.068
202403 -0.112 149.044 -0.123
202406 0.584 150.997 0.631
202409 -0.009 153.439 -0.010
202412 -0.057 154.660 -0.060
202503 -0.006 157.021 -0.006
202506 0.026 157.509 0.027
202509 -0.031 158.000 -0.032
202512 -0.035 158.320 -0.036
202603 0.018 163.070 0.018

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-1.77 mean?
Marka (WAR:MRK) has a E10 of zł-1.77 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Marka and its competitors.
Is Marka's E10 too high?
Marka's current E10 is zł-1.77. Overall, Marka has a GF Score™ of 30/100, reflecting its overall financial health beyond just this single metric.
How does Marka's E10 compare to V and MA?
Marka's E10 of zł-1.77 can be compared against companies in the Credit Services 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 Credit Services company?
A good E10 depends on the Credit Services 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 Marka and its competitors. Marka's current E10 is zł-1.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Marka stock overvalued right now?
Marka (WAR:MRK) has a current E10 of zł-1.77. The stock's GF Value™ is zł0.36, compared to a current price of zł0.20 — trading 44.4% below its estimated fair value. The current E10 is zł-1.77. Marka's overall GF Score™ is 30/100 with 2 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 Marka (WAR:MRK), the current E10 is zł-1.77 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 Marka (WAR:MRK) Overvalued in 2026?

Based on GuruFocus' analysis, Marka stock appears to be undervalued. The current stock price of zł0.20 is trading 44.4% below its estimated GF Value™ of zł0.36.

Key valuation signals for WAR:MRK:

  • E10: zł-1.77
  • GF Value™: zł0.36 vs. price of zł0.20 (44.4% below fair value)
  • GF Score™: 30/100 with 2 warning signs

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


Marka Business Description

Address Ulica Street Rocha 5, lok. 109, Bialystok, POL, 15-879
Marka SA is a financial institution. The company is engaged in granting cash loans to natural persons. The company offers loans in two variants: a loan with a representative service in the customer's home with weekly installments and a loan to a bank account with monthly installments.
30GF Score

Get the complete analysis for WAR:MRK

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

zł0.20
Price
zł0.36
GF Value