Zoetis (WBO:ZOTS) E10: €4.10 (As of Jun. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
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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.
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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.

WBO:ZOTS Zoetis Inc WBO:ZOTS
66 GF Score
Price €63.60
GF Value €153.60
Valuation Significantly Undervalued
View Full Analysis

What is Zoetis E10?

Zoetis WBO:ZOTS +2.45% 66 E10 is €4.10 as of Jun. 2026. GuruFocus rates WBO:ZOTS with a GF Score™ of 66/100 and a GF Value™ of €153.60 (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.

Zoetis's adjusted earnings per share data for the three months ended in Jun. 2026 was €1.432. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €4.10 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Zoetis's average E10 Growth Rate was 14.10% per year. During the past 3 years, the average E10 Growth Rate was 16.00% per year. During the past 5 years, the average E10 Growth Rate was 18.70% 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 Zoetis was 21.70% per year. The lowest was 16.00% per year. And the median was 17.50% per year.

As of today (2026-08-18), Zoetis's current stock price is €63.60. Zoetis's E10 for the quarter that ended in Jun. 2026 was €4.10. Zoetis's Shiller PE Ratio of today is 15.51.

During the past 13 years, the highest Shiller PE Ratio of Zoetis was 110.74. The lowest was 15.53. And the median was 56.46.


Zoetis  (WBO:ZOTS) 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.

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

Shiller PE Ratio=Share Price/E10
=63.60/4.10
=15.51

* 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 Zoetis was 110.74. The lowest was 15.53. And the median was 56.46.


Be Aware

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


Zoetis E10 Related Terms


Zoetis E10 Historical Data

* Premium members only.

The historical data trend for Zoetis'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.

Zoetis E10 Chart

Zoetis 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 2.07 2.64 2.95 3.63 3.73

Zoetis Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 3.50 3.58 3.73 3.86 4.10

WBO:ZOTS vs UTHR, VTRS, NBIX: E10 Comparison

For the Drug Manufacturers - Specialty & Generic subindustry, Zoetis'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.


Zoetis Shiller PE Ratio vs Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Zoetis's Shiller PE Ratio distribution charts can be found below:

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


WBO:ZOTS
66GF Score
Zoetis Inc WBO:ZOTS
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Zoetis 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, Zoetis's adjusted earnings per share data for the three months ended in Jun. 2026 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=1.432/333.9520*333.9520
=1.432

Current CPI (Jun. 2026) = 333.9520.

Zoetis Quarterly Data

per share eps CPI Adj_EPS
201609 0.428 241.428 0.592
201612 0.294 241.432 0.407
201703 0.449 243.801 0.615
201706 0.445 244.955 0.607
201709 0.512 246.819 0.693
201712 0.135 246.524 0.183
201803 0.584 249.554 0.782
201806 0.676 251.989 0.896
201809 0.608 252.439 0.804
201812 0.624 251.233 0.829
201903 0.575 254.202 0.755
201906 0.681 256.143 0.888
201909 0.817 256.759 1.063
201912 0.720 256.974 0.936
202003 0.796 258.115 1.030
202006 0.702 257.797 0.909
202009 0.849 260.280 1.089
202012 0.616 260.474 0.790
202103 0.983 264.877 1.239
202106 0.888 271.696 1.091
202109 0.986 274.310 1.200
202112 0.770 278.802 0.922
202203 1.144 287.504 1.329
202206 1.060 296.311 1.195
202209 1.141 296.808 1.284
202212 0.935 296.797 1.052
202303 1.111 301.836 1.229
202306 1.338 305.109 1.464
202309 1.209 307.789 1.312
202312 1.045 306.746 1.138
202403 1.205 312.332 1.288
202406 1.273 314.175 1.353
202409 1.352 315.301 1.432
202412 1.232 315.605 1.304
202503 1.239 319.799 1.294
202506 1.413 322.561 1.463
202509 1.389 324.800 1.428
202512 1.170 324.054 1.206
202603 1.228 330.213 1.242
202606 1.432 333.952 1.432

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 €4.10 mean?
Zoetis (WBO:ZOTS) has a E10 of €4.10 as of Jun. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Zoetis and its competitors.
Is Zoetis' E10 too high?
Zoetis' current E10 is €4.10. Overall, Zoetis has a GF Score™ of 66/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Zoetis' E10 compare to UTHR and VTRS?
Zoetis' E10 of €4.10 can be compared against companies in the Drug Manufacturers 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 Drug Manufacturers company?
A good E10 depends on the Drug Manufacturers 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 Zoetis and its competitors. Zoetis's current E10 is €4.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zoetis stock overvalued right now?
Based on GuruFocus' analysis, Zoetis (WBO:ZOTS) is currently considered Significantly Undervalued. The stock's GF Value™ is €153.60, compared to a current price of €63.60 — trading 58.6% below its estimated fair value. The current E10 is €4.10. Zoetis' overall GF Score™ is 66/100. 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 Zoetis (WBO:ZOTS), the current E10 is €4.10 as of Jun. 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 Zoetis (WBO:ZOTS) Overvalued in 2026?

Based on GuruFocus' analysis, Zoetis stock appears to be undervalued. The current stock price of €63.60 is trading 58.6% below its estimated GF Value™ of €153.60. GuruFocus considers Zoetis to be Significantly Undervalued.

Key valuation signals for WBO:ZOTS:

  • E10: €4.10
  • GF Value™: €153.60 vs. price of €63.60 (58.6% below fair value)
  • GF Score™: 66/100

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


Zoetis Business Description

Address 10 Sylvan Way, Parsippany, NJ, USA, 07054
Zoetis sells anti-infectives, vaccines, parasiticides, diagnostics, and other health products for animals. The firm earns roughly 35% of total revenue from production animals (cattle, pigs, poultry, and so on) and nearly 65% from companion animal (dogs, horses, cats) products. Its US business is skewed even more heavily toward companion animals, while its international business is slightly skewed toward production animals. The firm has the largest market share in the industry and was previously Pfizer's animal health unit.
66GF Score

Get the complete analysis for WBO:ZOTS

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

€63.60
Price
€153.60
GF Value