Orzel Bialy (WAR:OBL) E10: zł3.99 (As of Mar. 2026)

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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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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:OBL Orzel Bialy SA WAR:OBL
79 GF Score
Price zł39.40
GF Value zł27.02
Valuation Significantly Overvalued
! 5 Warning Signs
View Full Analysis

What is Orzel Bialy E10?

Orzel Bialy WAR:OBL +0.51% 79 E10 is zł3.99 as of Mar. 2026. GuruFocus rates WAR:OBL with a GF Score™ of 79/100 and a GF Value™ of zł27.02 (Significantly Overvalued). 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.

Orzel Bialy's adjusted earnings per share data for the three months ended in Mar. 2026 was zł0.652. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is zł3.99 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Orzel Bialy's average E10 Growth Rate was 9.00% per year. During the past 3 years, the average E10 Growth Rate was 28.60% per year. During the past 5 years, the average E10 Growth Rate was 38.10% 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 Orzel Bialy was 47.10% per year. The lowest was 28.60% per year. And the median was 37.45% per year.

As of today (2026-07-24), Orzel Bialy's current stock price is zł39.40. Orzel Bialy's E10 for the quarter that ended in Mar. 2026 was zł3.99. Orzel Bialy's Shiller PE Ratio of today is 9.87.

During the past 13 years, the highest Shiller PE Ratio of Orzel Bialy was 27.84. The lowest was 8.67. And the median was 13.21.


Orzel Bialy  (WAR:OBL) 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.

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

Shiller PE Ratio=Share Price/E10
=39.40/3.99
=9.87

* 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 Orzel Bialy was 27.84. The lowest was 8.67. And the median was 13.21.


Be Aware

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


Orzel Bialy E10 Related Terms


Orzel Bialy E10 Historical Data

* Premium members only.

The historical data trend for Orzel Bialy'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.

Orzel Bialy E10 Chart

Orzel Bialy 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 1.08 1.80 2.71 3.44 3.83

Orzel Bialy 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 3.66 3.76 3.81 3.83 3.99

WAR:OBL vs WM, RSG, WCN: E10 Comparison

For the Waste Management subindustry, Orzel Bialy'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.


Orzel Bialy Shiller PE Ratio vs Waste Management Industry

For the Waste Management industry and Industrials sector, Orzel Bialy's Shiller PE Ratio distribution charts can be found below:

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


WAR:OBL
79GF Score
Orzel Bialy SA WAR:OBL
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Orzel Bialy 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, Orzel Bialy'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)
=0.652/163.0700*163.0700
=0.652

Current CPI (Mar. 2026) = 163.0700.

Orzel Bialy Quarterly Data

per share eps CPI Adj_EPS
201606 0.210 99.552 0.344
201609 0.071 99.064 0.117
201612 -0.691 100.366 -1.123
201703 -0.048 101.018 -0.077
201706 0.420 101.180 0.677
201709 0.405 101.343 0.652
201712 0.174 102.564 0.277
201803 0.327 102.564 0.520
201806 0.420 103.378 0.663
201809 0.172 103.378 0.271
201812 -0.040 103.785 -0.063
201903 0.148 104.274 0.231
201906 0.200 105.983 0.308
201909 0.291 105.983 0.448
201912 0.517 107.123 0.787
202003 0.541 109.076 0.809
202006 0.170 109.402 0.253
202009 0.650 109.320 0.970
202012 1.559 109.565 2.320
202103 0.882 112.658 1.277
202106 0.940 113.960 1.345
202109 0.825 115.588 1.164
202112 1.164 119.088 1.594
202203 1.857 125.031 2.422
202206 0.810 131.705 1.003
202209 1.614 135.531 1.942
202212 1.749 139.113 2.050
202303 1.986 145.950 2.219
202306 1.330 147.009 1.475
202309 1.656 146.113 1.848
202312 1.421 147.741 1.568
202403 1.354 149.044 1.481
202406 1.160 150.997 1.253
202409 1.798 153.439 1.911
202412 1.657 154.660 1.747
202503 1.632 157.021 1.695
202506 0.750 157.509 0.776
202509 0.841 158.000 0.868
202512 1.151 158.320 1.186
202603 0.652 163.070 0.652

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 zł3.99 mean?
Orzel Bialy (WAR:OBL) has a E10 of zł3.99 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Orzel Bialy and its competitors.
Is Orzel Bialy's E10 too high?
Orzel Bialy's current E10 is zł3.99. Overall, Orzel Bialy has a GF Score™ of 79/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Orzel Bialy's E10 compare to WM and RSG?
Orzel Bialy's E10 of zł3.99 can be compared against companies in the Waste Management 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 Waste Management company?
A good E10 depends on the Waste Management 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 Orzel Bialy and its competitors. Orzel Bialy's current E10 is zł3.99. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Orzel Bialy stock overvalued right now?
Based on GuruFocus' analysis, Orzel Bialy (WAR:OBL) is currently considered Significantly Overvalued. The stock's GF Value™ is zł27.02, compared to a current price of zł39.40 — trading 45.8% above its estimated fair value. The current E10 is zł3.99. Orzel Bialy's overall GF Score™ is 79/100 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 Orzel Bialy (WAR:OBL), the current E10 is zł3.99 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 Orzel Bialy (WAR:OBL) Overvalued in 2026?

Based on GuruFocus' analysis, Orzel Bialy stock appears to be overvalued. The current stock price of zł39.40 is trading 45.8% above its estimated GF Value™ of zł27.02. GuruFocus considers Orzel Bialy to be Significantly Overvalued.

Key valuation signals for WAR:OBL:

  • E10: zł3.99
  • GF Value™: zł27.02 vs. price of zł39.40 (45.8% above fair value)
  • GF Score™: 79/100 with 5 warning signs

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


Orzel Bialy Business Description

Address ul. Rozdzienskiego 24, Piekary Slaskie, POL, 41-946
Orzel Bialy SA is a Poland based company engaged in recycling of used batteries. The company delivers its products to battery making companies, with batteries and accumulators supplied mainly to the automotive industry.
79GF Score

Get the complete analysis for WAR:OBL

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

zł39.40
Price
zł27.02
GF Value