Second Chamber (WAR:PIX) E10: zł-0.04 (As of Sep. 2024)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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.

What is Second Chamber E10?

Second Chamber WAR:PIX E10 is zł-0.04 as of Sep. 2024.

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.

Second Chamber's adjusted earnings per share data for the three months ended in Sep. 2024 was zł-0.008. 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 Sep. 2024.

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.

As of today (2026-08-01), Second Chamber's current stock price is zł0.052. Second Chamber's E10 for the quarter that ended in Sep. 2024 was zł-0.04. Second Chamber's Shiller PE Ratio of today is .


Second Chamber  (WAR:PIX) 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.


Second Chamber E10 Related Terms


Second Chamber E10 Historical Data

* Premium members only.

The historical data trend for Second Chamber'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.

Second Chamber E10 Chart

Second Chamber Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 -2.28 -0.05

Second Chamber Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 -0.05 -0.05 -0.05 -0.04 -0.04

WAR:PIX vs CRM, NOW, INTU: E10 Comparison

For the Software - Application subindustry, Second Chamber'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.


Second Chamber Shiller PE Ratio vs Software Industry

For the Software industry and Technology sector, Second Chamber's Shiller PE Ratio distribution charts can be found below:

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



Second Chamber 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, Second Chamber's adjusted earnings per share data for the three months ended in Sep. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Sep. 2024 (Change)*Current CPI (Sep. 2024)
=-0.008/153.4391*153.4391
=-0.008

Current CPI (Sep. 2024) = 153.4391.

Second Chamber Quarterly Data

per share eps CPI Adj_EPS
201406 -0.027 101.180 -0.041
201409 -0.059 100.611 -0.090
201412 -0.041 100.122 -0.063
201503 -0.010 100.041 -0.015
201506 -0.017 100.448 -0.026
201509 -0.001 99.634 -0.002
201512 -0.009 99.471 -0.014
201609 -0.006 99.064 -0.009
201612 -0.012 100.366 -0.018
201703 -0.001 101.018 -0.002
201706 -0.001 101.180 -0.002
201709 -0.001 101.343 -0.002
201712 -0.003 102.564 -0.004
201803 -0.008 102.564 -0.012
201806 -0.003 103.378 -0.004
201809 -0.004 103.378 -0.006
201812 -0.007 103.785 -0.010
201903 -0.002 104.274 -0.003
201906 -0.001 105.983 -0.001
201909 -0.001 105.983 -0.001
201912 -0.002 107.123 -0.003
202003 -0.001 109.076 -0.001
202006 -0.002 109.402 -0.003
202009 -0.002 109.320 -0.003
202012 0.004 109.565 0.006
202103 -0.004 112.658 -0.005
202106 -0.001 113.960 -0.001
202109 -0.002 115.588 -0.003
202112 -0.002 119.088 -0.003
202203 -0.005 125.031 -0.006
202206 -0.008 131.705 -0.009
202209 -0.007 135.531 -0.008
202212 -0.008 139.113 -0.009
202303 -0.008 145.950 -0.008
202306 -0.008 147.009 -0.008
202309 -0.008 146.113 -0.008
202312 -0.008 147.741 -0.008
202403 -0.008 149.044 -0.008
202406 -0.008 150.997 -0.008
202409 -0.008 153.439 -0.008

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?
Second Chamber (WAR:PIX) has a E10 of zł-0.04 as of Sep. 2024. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Second Chamber and its competitors.
Is Second Chamber's E10 too high?
Second Chamber's current E10 is zł-0.04.
How does Second Chamber's E10 compare to CRM and NOW?
Second Chamber's E10 of zł-0.04 can be compared against companies in the Software 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 Software company?
A good E10 depends on the Software 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 Second Chamber and its competitors. Second Chamber'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 Second Chamber stock overvalued right now?
Second Chamber (WAR:PIX) has a current E10 of zł-0.04. The current E10 is zł-0.04. 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 Second Chamber (WAR:PIX), the current E10 is zł-0.04 as of Sep. 2024. 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.

Second Chamber Business Description

Address al. gen. Jozefa Hallera 180/14, Wroclaw, POL, 53-203
Second Chamber SA, formerly Patent Fund SA is engaged in software development activities. It develops software in a service model for intellectual property rights such as trademarks, patents, and industrial design. The company's product Namegine creates software in the Software-as-a-Service model that protects the existing trademarks.