OZE Capital (WAR:OZE) E10: zł-0.23 (As of Mar. 2026)

Author: Vera Yuan 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
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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:OZE OZE Capital SA WAR:OZE
42 GF Score
Price zł0.37
GF Value zł0.03
Valuation Significantly Overvalued
! 3 Warning Signs
View Full Analysis

What is OZE Capital E10?

OZE Capital WAR:OZE 42 E10 is zł-0.23 as of Mar. 2026. GuruFocus rates WAR:OZE with a GF Score™ of 42/100 and a GF Value™ of zł0.03 (Significantly Overvalued). The stock has 3 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.

OZE Capital's adjusted earnings per share data for the three months ended in Mar. 2026 was zł-0.001. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is zł-0.23 for the trailing ten years ended in Mar. 2026.

During the past 3 years, the average E10 Growth Rate was -21.30% 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 OZE Capital was -21.30% per year. The lowest was -21.30% per year. And the median was -21.30% per year.

As of today (2026-07-27), OZE Capital's current stock price is zł0.372. OZE Capital's E10 for the quarter that ended in Mar. 2026 was zł-0.23. OZE Capital's Shiller PE Ratio of today is .

During the past 13 years, the highest Shiller PE Ratio of OZE Capital was 10.31. The lowest was 4.94. And the median was 7.43.


OZE Capital  (WAR:OZE) 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.

During the past 13 years, the highest Shiller P/E Ratio of OZE Capital was 10.31. The lowest was 4.94. And the median was 7.43.


Be Aware

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


OZE Capital E10 Related Terms


OZE Capital E10 Historical Data

* Premium members only.

The historical data trend for OZE Capital'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.

OZE Capital E10 Chart

OZE Capital 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 0.17 -0.14 -0.16 -0.24 -0.25

OZE Capital 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 -0.25 -0.26 -0.27 -0.25 -0.23

OZE Capital E10 Competitor Comparison

For the Utilities - Renewable subindustry, OZE Capital'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.


OZE Capital Shiller PE Ratio vs Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, OZE Capital's Shiller PE Ratio distribution charts can be found below:

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


WAR:OZE
42GF Score
OZE Capital SA WAR:OZE
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

OZE Capital 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, OZE Capital'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)
=-0.001/163.0700*163.0700
=-0.001

Current CPI (Mar. 2026) = 163.0700.

OZE Capital Quarterly Data

per share eps CPI Adj_EPS
201606 -0.011 99.552 -0.018
201609 -0.002 99.064 -0.003
201612 -0.107 100.366 -0.174
201703 0.057 101.018 0.092
201706 -0.022 101.180 -0.035
201709 0.063 101.343 0.101
201712 0.068 102.564 0.108
201803 0.077 102.564 0.122
201806 0.053 103.378 0.084
201809 0.064 103.378 0.101
201812 0.082 103.785 0.129
201903 0.063 104.274 0.099
201906 0.115 105.983 0.177
201909 0.045 105.983 0.069
201912 0.193 107.123 0.294
202003 0.071 109.076 0.106
202006 -0.008 109.402 -0.012
202009 0.457 109.320 0.682
202012 0.450 109.565 0.670
202103 0.997 112.658 1.443
202106 -0.648 113.960 -0.927
202109 -0.395 115.588 -0.557
202112 -0.393 119.088 -0.538
202203 -2.537 125.031 -3.309
202206 -0.195 131.705 -0.241
202209 -0.091 135.531 -0.109
202212 -0.046 139.113 -0.054
202303 0.192 145.950 0.215
202306 -0.011 147.009 -0.012
202309 0.038 146.113 0.042
202312 -0.111 147.741 -0.123
202403 -0.019 149.044 -0.021
202406 0.031 150.997 0.033
202409 -0.336 153.439 -0.357
202412 -0.340 154.660 -0.358
202503 -0.025 157.021 -0.026
202506 0.024 157.509 0.025
202509 0.031 158.000 0.032
202512 -0.033 158.320 -0.034
202603 -0.001 163.070 -0.001

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-0.23 mean?
OZE Capital (WAR:OZE) has a E10 of zł-0.23 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on OZE Capital and its competitors.
Is OZE Capital's E10 too high?
OZE Capital's current E10 is zł-0.23. Overall, OZE Capital has a GF Score™ of 42/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does OZE Capital's E10 compare to competitors?
OZE Capital's E10 of zł-0.23 can be compared against companies in the Utilities - Independent Power Producers 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 Utilities - Independent Power Producers company?
A good E10 depends on the Utilities - Independent Power Producers 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 OZE Capital and its competitors. OZE Capital's current E10 is zł-0.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is OZE Capital stock overvalued right now?
Based on GuruFocus' analysis, OZE Capital (WAR:OZE) is currently considered Significantly Overvalued. The stock's GF Value™ is zł0.03, compared to a current price of zł0.37 — trading 1140% above its estimated fair value. The current E10 is zł-0.23. OZE Capital's overall GF Score™ is 42/100 with 3 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 OZE Capital (WAR:OZE), the current E10 is zł-0.23 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 OZE Capital (WAR:OZE) Overvalued in 2026?

Based on GuruFocus' analysis, OZE Capital stock appears to be overvalued. The current stock price of zł0.37 is trading 1140% above its estimated GF Value™ of zł0.03. GuruFocus considers OZE Capital to be Significantly Overvalued.

Key valuation signals for WAR:OZE:

  • E10: zł-0.23
  • GF Value™: zł0.03 vs. price of zł0.37 (1140% above fair value)
  • GF Score™: 42/100 with 3 warning signs

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


OZE Capital Business Description

Address ul. Grunwaldzka 13, Ilawa, POL, 14-200
OZE Capital SA formerly CSY SA is engaged in the vehicles and machinery markets. It offers a range of parts and components for spare parts market; Parts for final users and after market; and Metal machining service.
42GF Score

Get the complete analysis for WAR:OZE

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

zł0.37
Price
zł0.03
GF Value