Talex (WAR:TLX) E10: zł1.04 (As of Mar. 2026)


WAR:TLX Talex SA WAR:TLX
68 GF Score
Price zł17.90
GF Value zł29.96
Valuation Significantly Undervalued
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What is Talex E10?

Talex WAR:TLX 68 E10 is zł1.04 as of Mar. 2026. GuruFocus rates WAR:TLX with a GF Score™ of 68/100 and a GF Value™ of zł29.96 (Significantly Undervalued).

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.

Talex's adjusted earnings per share data for the three months ended in Mar. 2026 was zł1.410. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is zł1.04 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Talex's average E10 Growth Rate was -6.30% per year. During the past 3 years, the average E10 Growth Rate was -16.60% per year. During the past 5 years, the average E10 Growth Rate was -4.90% 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 Talex was 7.20% per year. The lowest was -16.60% per year. And the median was -5.90% per year.

As of today (2026-06-27), Talex's current stock price is zł17.90. Talex's E10 for the quarter that ended in Mar. 2026 was zł1.04. Talex's Shiller PE Ratio of today is 17.21.

During the past 13 years, the highest Shiller PE Ratio of Talex was 21.82. The lowest was 7.10. And the median was 12.16.


Talex  (WAR:TLX) 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.

Talex's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=17.90/1.04
=17.21

* 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 Talex was 21.82. The lowest was 7.10. And the median was 12.16.


Be Aware

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


Talex E10 Related Terms


Talex E10 Historical Data

* Premium members only.

The historical data trend for Talex'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.

Talex E10 Chart

Talex 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 1.32 1.62 1.44 1.10 0.94

Talex 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 1.11 1.06 1.04 0.94 1.04

WAR:TLX vs IBM, ACN, FISV: E10 Comparison

For the Information Technology Services subindustry, Talex'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.


Talex Shiller PE Ratio vs Software Industry

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

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


WAR:TLX
68GF Score
Talex SA WAR:TLX
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Talex 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, Talex'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)
=1.41/158.3232*158.3232
=1.410

Current CPI (Mar. 2026) = 158.3232.

Talex Quarterly Data

per share eps CPI Adj_EPS
201606 0.122 99.552 0.194
201609 0.179 99.064 0.286
201612 1.056 100.366 1.666
201703 0.299 101.018 0.469
201706 0.181 101.180 0.283
201709 0.341 101.343 0.533
201712 0.030 102.564 0.046
201803 0.092 102.564 0.142
201806 0.170 103.378 0.260
201809 0.394 103.378 0.603
201812 1.534 103.785 2.340
201903 -0.169 104.274 -0.257
201906 0.222 105.983 0.332
201909 -0.182 105.983 -0.272
201912 0.929 107.123 1.373
202003 0.100 109.076 0.145
202006 -0.167 109.402 -0.242
202009 -0.118 109.320 -0.171
202012 1.393 109.565 2.013
202103 -0.858 112.658 -1.206
202106 -0.345 113.960 -0.479
202109 -0.380 115.588 -0.520
202112 -0.078 119.088 -0.104
202203 0.170 125.031 0.215
202206 -0.552 131.705 -0.664
202209 -0.553 135.531 -0.646
202212 0.715 139.113 0.814
202303 -0.940 145.950 -1.020
202306 -0.106 147.009 -0.114
202309 -0.374 146.113 -0.405
202312 1.528 147.741 1.637
202403 1.070 149.044 1.137
202406 -1.260 150.997 -1.321
202409 0.051 153.439 0.053
202412 0.432 154.660 0.442
202503 -0.110 157.021 -0.111
202506 -0.197 157.509 -0.198
202509 0.558 157.998 0.559
202512 1.226 158.323 1.226
202603 1.410 158.323 1.410

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 zł1.04 mean?
Talex (WAR:TLX) has a E10 of zł1.04 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Talex and its competitors.
Is Talex's E10 too high?
Talex's current E10 is zł1.04. Overall, Talex has a GF Score™ of 68/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Talex's E10 compare to IBM and ACN?
Talex's E10 of zł1.04 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 Talex and its competitors. Talex's current E10 is zł1.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Talex stock overvalued right now?
Based on GuruFocus' analysis, Talex (WAR:TLX) is currently considered Significantly Undervalued. The stock's GF Value™ is zł29.96, compared to a current price of zł17.90 — trading 40.3% below its estimated fair value. The current E10 is zł1.04. Talex's overall GF Score™ is 68/100. 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 Talex (WAR:TLX), the current E10 is zł1.04 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 Talex (WAR:TLX) Overvalued in 2026?

Based on GuruFocus' analysis, Talex stock appears to be undervalued. The current stock price of zł17.90 is trading 40.3% below its estimated GF Value™ of zł29.96. GuruFocus considers Talex to be Significantly Undervalued.

Key valuation signals for WAR:TLX:

  • E10: zł1.04
  • GF Value™: zł29.96 vs. price of zł17.90 (40.3% below fair value)
  • GF Score™: 68/100

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


Talex Business Description

Address Street ul Karpia 27d, Poznan, POL, 61 619
Talex SA provides IT services and solutions for small and medium-sized businesses in Poland. The company focuses on the integration of ICT systems, IT outsourcing, and software development activities. It provides various services such as Business Management, Datacenter, Outsourcing IT, and others. The company generates a majority of its revenue from the installation and IT environment maintenance services followed by Datacenter services.
68GF Score

Get the complete analysis for WAR:TLX

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

zł17.90
Price
zł29.96
GF Value