Vee (WAR:VEE) E10: zł0.80 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
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.

WAR:VEE Vee SA WAR:VEE
71 GF Score
Price zł11.15
GF Value zł17.83
Valuation Possible Value Trap
! 7 Warning Signs
View Full Analysis

What is Vee E10?

Vee WAR:VEE -3.88% 71 E10 is zł0.80 as of Mar. 2026. GuruFocus rates WAR:VEE with a GF Score™ of 71/100 and a GF Value™ of zł17.83 (Possible Value Trap). 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.

Vee's adjusted earnings per share data for the three months ended in Mar. 2026 was zł0.228. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is zł0.80 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Vee's average E10 Growth Rate was -11.10% 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.

As of today (2026-07-17), Vee's current stock price is zł11.15. Vee's E10 for the quarter that ended in Mar. 2026 was zł0.80. Vee's Shiller PE Ratio of today is 13.94.

During the past 11 years, the highest Shiller PE Ratio of Vee was 19.54. The lowest was 11.79. And the median was 14.60.


Vee  (WAR:VEE) 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.

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

Shiller PE Ratio=Share Price/E10
=11.15/0.80
=13.94

* 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 11 years, the highest Shiller P/E Ratio of Vee was 19.54. The lowest was 11.79. And the median was 14.60.


Be Aware

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


Vee E10 Related Terms


Vee E10 Historical Data

* Premium members only.

The historical data trend for Vee'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.

Vee E10 Chart

Vee Annual Data
Trend Dec15 Dec16 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.89 0.85

Vee 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 0.90 0.88 0.88 0.85 0.80

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

For the Information Technology Services subindustry, Vee'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.


Vee Shiller PE Ratio vs Software Industry

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

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


WAR:VEE
71GF Score
Vee SA WAR:VEE
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Vee 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, Vee'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)
=0.228/163.0700*163.0700
=0.228

Current CPI (Mar. 2026) = 163.0700.

Vee Quarterly Data

per share eps CPI Adj_EPS
201603 0.601 98.983 0.990
201606 0.517 99.552 0.847
201609 1.054 99.064 1.735
201612 1.012 100.366 1.644
201703 1.204 101.018 1.944
201706 1.905 101.180 3.070
201709 2.242 101.343 3.608
201803 2.995 102.564 4.762
201806 4.518 103.378 7.127
201809 4.609 103.378 7.270
201812 0.052 103.785 0.082
201903 3.546 104.274 5.545
201906 -2.091 105.983 -3.217
201909 -0.607 105.983 -0.934
201912 -9.976 107.123 -15.186
202003 0.100 109.076 0.150
202006 -0.204 109.402 -0.304
202009 -0.510 109.320 -0.761
202012 0.523 109.565 0.778
202103 -0.379 112.658 -0.549
202106 -0.627 113.960 -0.897
202109 -0.770 115.588 -1.086
202112 -1.031 119.088 -1.412
202203 -0.957 125.031 -1.248
202206 -1.089 131.705 -1.348
202209 -1.049 135.531 -1.262
202212 -0.906 139.113 -1.062
202303 -0.359 145.950 -0.401
202306 -0.373 147.009 -0.414
202309 -0.197 146.113 -0.220
202312 -0.234 147.741 -0.258
202403 -0.270 149.044 -0.295
202406 -0.296 150.997 -0.320
202409 -0.263 153.439 -0.280
202412 -1.059 154.660 -1.117
202503 0.177 157.021 0.184
202506 0.093 157.509 0.096
202509 0.125 158.000 0.129
202512 0.326 158.320 0.336
202603 0.228 163.070 0.228

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 zł0.80 mean?
Vee (WAR:VEE) has a E10 of zł0.80 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Vee and its competitors.
Is Vee's E10 too high?
Vee's current E10 is zł0.80. Overall, Vee has a GF Score™ of 71/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Vee's E10 compare to IBM and ACN?
Vee's E10 of zł0.80 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 Vee and its competitors. Vee's current E10 is zł0.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vee stock overvalued right now?
Based on GuruFocus' analysis, Vee (WAR:VEE) is currently considered Possible Value Trap. The stock's GF Value™ is zł17.83, compared to a current price of zł11.15 — trading 37.5% below its estimated fair value. The current E10 is zł0.80. Vee's overall GF Score™ is 71/100 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 Vee (WAR:VEE), the current E10 is zł0.80 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 Vee (WAR:VEE) Overvalued in 2026?

Based on GuruFocus' analysis, Vee stock appears to be undervalued. The current stock price of zł11.15 is trading 37.5% below its estimated GF Value™ of zł17.83. GuruFocus considers Vee to be Possible Value Trap.

Key valuation signals for WAR:VEE:

  • E10: zł0.80
  • GF Value™: zł17.83 vs. price of zł11.15 (37.5% below fair value)
  • GF Score™: 71/100 with 7 warning signs

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


Vee Business Description

Address Ulica Grzybowska 87, Gdansk, POL, 00-844
Vee SA is a technology company working on technology that enables complete automation of voice customer service in the form of non-linear and free dialogue. The company's products include Brilliance technology, Dialla for SME, Outbound campaigns, Alisa Speech Analytics, and Partner cooperation.
71GF Score

Get the complete analysis for WAR:VEE

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

zł11.15
Price
zł17.83
GF Value