True Games Syndicate (WAR:TGS) E10: zł-0.10 (As of Mar. 2026)


WAR:TGS True Games Syndicate SA WAR:TGS
13 GF Score
Price zł0.23
! 3 Warning Signs
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What is True Games Syndicate E10?

True Games Syndicate WAR:TGS -0.43% 13 E10 is zł-0.10 as of Mar. 2026. GuruFocus rates WAR:TGS with a GF Score™ of 13/100. 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.

True Games Syndicate's adjusted earnings per share data for the three months ended in Mar. 2026 was zł-0.042. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is zł-0.10 for the trailing ten years ended in Mar. 2026.

During the past 3 years, the average E10 Growth Rate was -65.10% 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 True Games Syndicate was -65.10% per year. The lowest was -65.10% per year. And the median was -65.10% per year.

As of today (2026-06-26), True Games Syndicate's current stock price is zł0.234. True Games Syndicate's E10 for the quarter that ended in Mar. 2026 was zł-0.10. True Games Syndicate's Shiller PE Ratio of today is .


True Games Syndicate  (WAR:TGS) 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.


True Games Syndicate E10 Related Terms


True Games Syndicate E10 Historical Data

* Premium members only.

The historical data trend for True Games Syndicate'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.

True Games Syndicate E10 Chart

True Games Syndicate 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 0.00 -0.02 -0.05 -0.07 -0.09

True Games Syndicate 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 -0.08 -0.08 -0.09 -0.09 -0.10

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

For the Electronic Gaming & Multimedia subindustry, True Games Syndicate'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.


True Games Syndicate Shiller PE Ratio vs Interactive Media Industry

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

* The bar in red indicates where True Games Syndicate's Shiller PE Ratio falls into.


WAR:TGS
13GF Score
True Games Syndicate SA WAR:TGS
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
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True Games Syndicate 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, True Games Syndicate'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)
=-0.042/158.3232*158.3232
=-0.042

Current CPI (Mar. 2026) = 158.3232.

True Games Syndicate Quarterly Data

per share eps CPI Adj_EPS
201606 0.003 99.552 0.005
201609 -0.012 99.064 -0.019
201612 0.001 100.366 0.002
201703 0.001 101.018 0.002
201706 0.002 101.180 0.003
201709 -0.002 101.343 -0.003
201712 -0.002 102.564 -0.003
201803 0.002 102.564 0.003
201806 -0.001 103.378 -0.002
201809 0.000 103.378 0.000
201812 -0.002 103.785 -0.003
201903 0.001 104.274 0.002
201906 -0.008 105.983 -0.012
201909 -0.006 105.983 -0.009
201912 0.001 107.123 0.001
202003 -0.002 109.076 -0.003
202006 -0.013 109.402 -0.019
202009 -0.004 109.320 -0.006
202012 -0.019 109.565 -0.027
202103 -0.028 112.658 -0.039
202106 0.000 113.960 0.000
202109 -0.003 115.588 -0.004
202112 -0.006 119.088 -0.008
202203 -0.004 125.031 -0.005
202206 -0.034 131.705 -0.041
202209 -0.037 135.531 -0.043
202212 -0.045 139.113 -0.051
202303 -0.044 145.950 -0.048
202306 -0.044 147.009 -0.047
202309 -0.043 146.113 -0.047
202312 -0.062 147.741 -0.066
202403 -0.044 149.044 -0.047
202406 -0.038 150.997 -0.040
202409 -0.044 153.439 -0.045
202412 -0.069 154.660 -0.071
202503 -0.043 157.021 -0.043
202506 -0.044 157.509 -0.044
202509 -0.040 157.998 -0.040
202512 -0.043 158.323 -0.043
202603 -0.042 158.323 -0.042

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-0.10 mean?
True Games Syndicate (WAR:TGS) has a E10 of zł-0.10 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on True Games Syndicate and its competitors.
Is True Games Syndicate's E10 too high?
True Games Syndicate's current E10 is zł-0.10. Overall, True Games Syndicate has a GF Score™ of 13/100, reflecting its overall financial health beyond just this single metric.
How does True Games Syndicate's E10 compare to NTES and EA?
True Games Syndicate's E10 of zł-0.10 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 True Games Syndicate and its competitors. True Games Syndicate's current E10 is zł-0.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is True Games Syndicate stock overvalued right now?
True Games Syndicate (WAR:TGS) has a current E10 of zł-0.10. The current E10 is zł-0.10. True Games Syndicate's overall GF Score™ is 13/100 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 True Games Syndicate (WAR:TGS), the current E10 is zł-0.10 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.

True Games Syndicate Business Description

Address Wernyhory 29a, Warsaw, POL, 02-727
True Games Syndicate SA is a gaming company. The goal of the company is to create a gaming brand related to criminal culture and to produce games showing life on the edge of the law.
13GF Score

Get the complete analysis for WAR:TGS

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

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