Orzel (WAR:ORL) E10: zł0.11 (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:ORL Orzel SA WAR:ORL
63 GF Score
Price zł2.10
GF Value zł3.62
Valuation Possible Value Trap
! 5 Warning Signs
View Full Analysis

What is Orzel E10?

Orzel WAR:ORL 63 E10 is zł0.11 as of Mar. 2026. GuruFocus rates WAR:ORL with a GF Score™ of 63/100 and a GF Value™ of zł3.62 (Possible Value Trap). 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's adjusted earnings per share data for the three months ended in Mar. 2026 was zł-0.070. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is zł0.11 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Orzel's average E10 Growth Rate was 57.10% 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 was 57.50% per year. The lowest was 10.30% per year. And the median was 13.70% per year.

As of today (2026-08-12), Orzel's current stock price is zł2.10. Orzel's E10 for the quarter that ended in Mar. 2026 was zł0.11. Orzel's Shiller PE Ratio of today is 19.09.

During the past 13 years, the highest Shiller PE Ratio of Orzel was 346.00. The lowest was 18.91. And the median was 51.14.


Orzel  (WAR:ORL) 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's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=2.10/0.11
=19.09

* 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 was 346.00. The lowest was 18.91. And the median was 51.14.


Be Aware

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


Orzel E10 Related Terms


Orzel E10 Historical Data

* Premium members only.

The historical data trend for Orzel'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 E10 Chart

Orzel 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 -0.13 -0.09 -0.01 0.07 0.11

Orzel 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 0.07 0.08 0.08 0.11 0.11

WAR:ORL vs ORLY, AZO, GPC: E10 Comparison

For the Auto Parts subindustry, Orzel'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 Shiller PE Ratio vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Orzel's Shiller PE Ratio distribution charts can be found below:

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


WAR:ORL
63GF Score
Orzel SA WAR:ORL
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Orzel 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'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)
=-0.07/163.0700*163.0700
=-0.070

Current CPI (Mar. 2026) = 163.0700.

Orzel Quarterly Data

per share eps CPI Adj_EPS
201606 0.058 99.552 0.095
201609 -0.062 99.064 -0.102
201612 -0.134 100.366 -0.218
201703 -0.040 101.018 -0.065
201706 -0.032 101.180 -0.052
201709 -0.021 101.343 -0.034
201712 -0.056 102.564 -0.089
201803 -0.020 102.564 -0.032
201806 0.069 103.378 0.109
201809 0.064 103.378 0.101
201812 0.001 103.785 0.002
201903 0.004 104.274 0.006
201906 0.100 105.983 0.154
201909 0.100 105.983 0.154
201912 0.023 107.123 0.035
202003 0.030 109.076 0.045
202006 0.059 109.402 0.088
202009 0.027 109.320 0.040
202012 0.025 109.565 0.037
202103 0.030 112.658 0.043
202106 0.087 113.960 0.124
202109 0.053 115.588 0.075
202112 0.067 119.088 0.092
202203 0.079 125.031 0.103
202206 0.033 131.705 0.041
202209 0.033 135.531 0.040
202212 0.092 139.113 0.108
202303 0.036 145.950 0.040
202306 0.059 147.009 0.065
202309 0.056 146.113 0.062
202312 0.060 147.741 0.066
202403 0.040 149.044 0.044
202406 0.028 150.997 0.030
202409 0.069 153.439 0.073
202412 -0.145 154.660 -0.153
202503 -0.040 157.021 -0.042
202506 0.095 157.509 0.098
202509 0.001 158.000 0.001
202512 -0.027 158.320 -0.028
202603 -0.070 163.070 -0.070

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 zł0.11 mean?
Orzel (WAR:ORL) has a E10 of zł0.11 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Orzel and its competitors.
Is Orzel's E10 too high?
Orzel's current E10 is zł0.11. Overall, Orzel has a GF Score™ of 63/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Orzel's E10 compare to ORLY and AZO?
Orzel's E10 of zł0.11 can be compared against companies in the Vehicles & Parts 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 Vehicles & Parts company?
A good E10 depends on the Vehicles & Parts 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 and its competitors. Orzel's current E10 is zł0.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Orzel stock overvalued right now?
Based on GuruFocus' analysis, Orzel (WAR:ORL) is currently considered Possible Value Trap. The stock's GF Value™ is zł3.62, compared to a current price of zł2.10 — trading 42% below its estimated fair value. The current E10 is zł0.11. Orzel's overall GF Score™ is 63/100 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 (WAR:ORL), the current E10 is zł0.11 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 (WAR:ORL) Overvalued in 2026?

Based on GuruFocus' analysis, Orzel stock appears to be undervalued. The current stock price of zł2.10 is trading 42% below its estimated GF Value™ of zł3.62. GuruFocus considers Orzel to be Possible Value Trap.

Key valuation signals for WAR:ORL:

  • E10: zł0.11
  • GF Value™: zł3.62 vs. price of zł2.10 (42% below fair value)
  • GF Score™: 63/100 with 5 warning signs

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


Orzel Business Description

Address Ulica Przemyslowa 50, Poniatowa, POL, 24-320
Orzel SA is engaged in the production of rubber granulate, which is produced in the process of recycling used tires.
63GF Score

Get the complete analysis for WAR:ORL

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

zł2.10
Price
zł3.62
GF Value