Sigma Defence (WAR:SGD) E10: zł-0.16 (As of Mar. 2026)


WAR:SGD Sigma Defence SA WAR:SGD
40 GF Score
Price zł0.18
GF Value zł0.13
Valuation Significantly Overvalued
! 7 Warning Signs
View Full Analysis

What is Sigma Defence E10?

Sigma Defence WAR:SGD -3.24% 40 E10 is zł-0.16 as of Mar. 2026. GuruFocus rates WAR:SGD with a GF Score™ of 40/100 and a GF Value™ of zł0.13 (Significantly Overvalued). The stock has 7 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.

Sigma Defence's adjusted earnings per share data for the three months ended in Mar. 2026 was zł-0.004. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is zł-0.16 for the trailing ten years ended in Mar. 2026.

During the past 3 years, the average E10 Growth Rate was 1.90% 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 Sigma Defence was 1.90% per year. The lowest was -10.70% per year. And the median was -4.40% per year.

As of today (2026-06-24), Sigma Defence's current stock price is zł0.179. Sigma Defence's E10 for the quarter that ended in Mar. 2026 was zł-0.16. Sigma Defence's Shiller PE Ratio of today is .


Sigma Defence  (WAR:SGD) 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.


Sigma Defence E10 Related Terms


Sigma Defence E10 Historical Data

* Premium members only.

The historical data trend for Sigma Defence'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.

Sigma Defence E10 Chart

Sigma Defence 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 -0.14 -0.18 -0.17 -0.19 -0.17

Sigma Defence 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 -0.19 -0.13 -0.16 -0.17 -0.16

WAR:SGD vs NTES, EA, TTWO: E10 Comparison

For the Electronic Gaming & Multimedia subindustry, Sigma Defence'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.


Sigma Defence Shiller PE Ratio vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Sigma Defence's Shiller PE Ratio distribution charts can be found below:

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


WAR:SGD
40GF Score
Sigma Defence SA WAR:SGD
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Sigma Defence 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, Sigma Defence'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)
=-0.004/158.3232*158.3232
=-0.004

Current CPI (Mar. 2026) = 158.3232.

Sigma Defence Quarterly Data

per share eps CPI Adj_EPS
201606 -0.122 99.552 -0.194
201609 -0.042 99.064 -0.067
201612 -0.049 100.366 -0.077
201703 -0.090 101.018 -0.141
201706 -0.015 101.180 -0.023
201709 -0.042 101.343 -0.066
201712 -0.035 102.564 -0.054
201803 -0.027 102.564 -0.042
201806 -0.029 103.378 -0.044
201809 -0.018 103.378 -0.028
201812 -0.022 103.785 -0.034
201903 0.005 104.274 0.008
201906 -0.008 105.983 -0.012
201909 -0.021 105.983 -0.031
201912 -0.081 107.123 -0.120
202003 -0.022 109.076 -0.032
202006 -0.009 109.402 -0.013
202009 -0.019 109.320 -0.028
202012 -0.037 109.565 -0.053
202103 -0.016 112.658 -0.022
202106 -0.005 113.960 -0.007
202109 0.025 115.588 0.034
202112 -0.009 119.088 -0.012
202203 -0.021 125.031 -0.027
202206 -0.010 131.705 -0.012
202209 -0.014 135.531 -0.016
202212 -0.019 139.113 -0.022
202303 -0.012 145.950 -0.013
202306 -0.005 147.009 -0.005
202309 -0.004 146.113 -0.004
202312 -0.013 147.741 -0.014
202403 -0.017 149.044 -0.018
202406 -0.006 150.997 -0.006
202409 -0.007 153.439 -0.007
202412 -0.004 154.660 -0.004
202503 -0.001 157.021 -0.001
202506 -0.009 157.509 -0.009
202509 -0.366 157.998 -0.367
202512 -0.021 158.323 -0.021
202603 -0.004 158.323 -0.004

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-0.16 mean?
Sigma Defence (WAR:SGD) has a E10 of zł-0.16 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Sigma Defence and its competitors.
Is Sigma Defence's E10 too high?
Sigma Defence's current E10 is zł-0.16. Overall, Sigma Defence has a GF Score™ of 40/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Sigma Defence's E10 compare to NTES and EA?
Sigma Defence's E10 of zł-0.16 can be compared against companies in the Interactive Media 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 Interactive Media company?
A good E10 depends on the Interactive Media 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 Sigma Defence and its competitors. Sigma Defence's current E10 is zł-0.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sigma Defence stock overvalued right now?
Based on GuruFocus' analysis, Sigma Defence (WAR:SGD) is currently considered Significantly Overvalued. The stock's GF Value™ is zł0.13, compared to a current price of zł0.18 — trading 37.7% above its estimated fair value. The current E10 is zł-0.16. Sigma Defence's overall GF Score™ is 40/100 with 7 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 Sigma Defence (WAR:SGD), the current E10 is zł-0.16 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 Sigma Defence (WAR:SGD) Overvalued in 2026?

Based on GuruFocus' analysis, Sigma Defence stock appears to be overvalued. The current stock price of zł0.18 is trading 37.7% above its estimated GF Value™ of zł0.13. GuruFocus considers Sigma Defence to be Significantly Overvalued.

Key valuation signals for WAR:SGD:

  • E10: zł-0.16
  • GF Value™: zł0.13 vs. price of zł0.18 (37.7% above fair value)
  • GF Score™: 40/100 with 7 warning signs

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


Sigma Defence Business Description

Address ul. Rakowiecka, 34/5, Warsaw, POL, 02-532
Sigma Defence SA, formerly known as VR Factory Games SA, specializes in creating business applications and games using virtual and augmented reality technology. Its games include Horror Bar VR, Bartender VR Simulation, Space Camp, Desert Dream, and Guns and Notes among others.
40GF Score

Get the complete analysis for WAR:SGD

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

zł0.18
Price
zł0.13
GF Value