Aerodrom Nikola Tesla ad (XBEL:AERO) E10: RSD220.56 (As of Mar. 2026)

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Director of Data and Quant Analytics at GuruFocus
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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.

XBEL:AERO Aerodrom Nikola Tesla ad XBEL:AERO
76 GF Score
Price RSD2,089.00
GF Value RSD2,362.64
Valuation Modestly Undervalued
! 4 Warning Signs
View Full Analysis

What is Aerodrom Nikola Tesla ad E10?

Aerodrom Nikola Tesla ad XBEL:AERO 76 E10 is RSD220.56 as of Mar. 2026. GuruFocus rates XBEL:AERO with a GF Score™ of 76/100 and a GF Value™ of RSD2,362.64 (Modestly Undervalued). The stock has 4 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.

Aerodrom Nikola Tesla ad's adjusted earnings per share data for the three months ended in Mar. 2026 was RSD3.560. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is RSD220.56 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Aerodrom Nikola Tesla ad's average E10 Growth Rate was 0.20% per year. During the past 3 years, the average E10 Growth Rate was -2.30% 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 Aerodrom Nikola Tesla ad was -2.30% per year. The lowest was -2.30% per year. And the median was -2.30% per year.

As of today (2026-07-14), Aerodrom Nikola Tesla ad's current stock price is RSD2089.00. Aerodrom Nikola Tesla ad's E10 for the quarter that ended in Mar. 2026 was RSD220.56. Aerodrom Nikola Tesla ad's Shiller PE Ratio of today is 9.47.

During the past 13 years, the highest Shiller PE Ratio of Aerodrom Nikola Tesla ad was 11.39. The lowest was 5.83. And the median was 8.63.


Aerodrom Nikola Tesla ad  (XBEL:AERO) 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.

Aerodrom Nikola Tesla ad's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=2089.00/220.56
=9.47

* 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 Aerodrom Nikola Tesla ad was 11.39. The lowest was 5.83. And the median was 8.63.


Be Aware

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


Aerodrom Nikola Tesla ad E10 Related Terms


Aerodrom Nikola Tesla ad E10 Historical Data

* Premium members only.

The historical data trend for Aerodrom Nikola Tesla ad'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.

Aerodrom Nikola Tesla ad E10 Chart

Aerodrom Nikola Tesla ad 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 0.00 233.57 230.10 224.22 218.07

Aerodrom Nikola Tesla ad 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 220.04 221.17 219.51 218.07 220.56

XBEL:AERO vs JOBY, CAAP: E10 Comparison

For the Airports & Air Services subindustry, Aerodrom Nikola Tesla ad'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.


Aerodrom Nikola Tesla ad Shiller PE Ratio vs Transportation Industry

For the Transportation industry and Industrials sector, Aerodrom Nikola Tesla ad's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Aerodrom Nikola Tesla ad's Shiller PE Ratio falls into.


XBEL:AERO
76GF Score
Aerodrom Nikola Tesla ad XBEL:AERO
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Aerodrom Nikola Tesla ad 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, Aerodrom Nikola Tesla ad'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)
=3.56/330.2130*330.2130
=3.560

Current CPI (Mar. 2026) = 330.2130.

Aerodrom Nikola Tesla ad Quarterly Data

per share eps CPI Adj_EPS
201606 25.572 241.018 35.036
201609 28.585 241.428 39.097
201612 24.390 241.432 33.359
201703 14.880 243.801 20.154
201706 25.576 244.955 34.478
201709 38.070 246.819 50.933
201712 16.710 246.524 22.383
201803 12.960 249.554 17.149
201806 28.831 251.989 37.781
201809 38.734 252.439 50.668
201812 1,438.330 251.233 1,890.497
201903 0.900 254.202 1.169
201906 -0.209 256.143 -0.269
201909 1.499 256.759 1.928
201912 -15.171 256.974 -19.495
202003 -3.010 258.115 -3.851
202006 -7.047 257.797 -9.027
202009 -5.637 260.280 -7.152
202012 -7.330 260.474 -9.293
202103 -1.730 264.877 -2.157
202106 0.817 271.696 0.993
202109 -2.955 274.310 -3.557
202112 -4.421 278.802 -5.236
202203 -1.110 287.504 -1.275
202206 2.760 296.311 3.076
202209 -0.380 296.808 -0.423
202212 -0.692 296.797 -0.770
202303 0.060 301.836 0.066
202306 0.040 305.109 0.043
202309 0.870 307.789 0.933
202312 5.800 306.746 6.244
202403 1.240 312.332 1.311
202406 -0.921 314.175 -0.968
202409 0.220 315.301 0.230
202412 7.665 315.605 8.020
202503 3.250 319.799 3.356
202506 3.760 322.561 3.849
202509 3.507 324.800 3.565
202512 -0.798 324.054 -0.813
202603 3.560 330.213 3.560

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 RSD220.56 mean?
Aerodrom Nikola Tesla ad (XBEL:AERO) has a E10 of RSD220.56 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Aerodrom Nikola Tesla ad and its competitors.
Is Aerodrom Nikola Tesla ad's E10 too high?
Aerodrom Nikola Tesla ad's current E10 is RSD220.56. Overall, Aerodrom Nikola Tesla ad has a GF Score™ of 76/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Aerodrom Nikola Tesla ad's E10 compare to JOBY and CAAP?
Aerodrom Nikola Tesla ad's E10 of RSD220.56 can be compared against companies in the Transportation 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 Transportation company?
A good E10 depends on the Transportation 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 Aerodrom Nikola Tesla ad and its competitors. Aerodrom Nikola Tesla ad's current E10 is RSD220.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aerodrom Nikola Tesla ad stock overvalued right now?
Based on GuruFocus' analysis, Aerodrom Nikola Tesla ad (XBEL:AERO) is currently considered Modestly Undervalued. The stock's GF Value™ is RSD2,362.64, compared to a current price of RSD2,089.00 — trading 11.6% below its estimated fair value. The current E10 is RSD220.56. Aerodrom Nikola Tesla ad's overall GF Score™ is 76/100 with 4 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 Aerodrom Nikola Tesla ad (XBEL:AERO), the current E10 is RSD220.56 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 Aerodrom Nikola Tesla ad (XBEL:AERO) Overvalued in 2026?

Based on GuruFocus' analysis, Aerodrom Nikola Tesla ad stock appears to be undervalued. The current stock price of RSD2,089.00 is trading 11.6% below its estimated GF Value™ of RSD2,362.64. GuruFocus considers Aerodrom Nikola Tesla ad to be Modestly Undervalued.

Key valuation signals for XBEL:AERO:

  • E10: RSD220.56
  • GF Value™: RSD2,362.64 vs. price of RSD2,089.00 (11.6% below fair value)
  • GF Score™: 76/100 with 4 warning signs

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


Aerodrom Nikola Tesla ad Business Description

Address Belgrade Airport 47, surcin, Belgrade, SRB, 11271
Aerodrom Nikola Tesla ad provides airport services such as aircraft landing, take-off, taxing and parking, and passenger and cargo handling. The group also provides ancillary services and airport complex services, satisfying the needs of service users, and domestic and foreign air carriers.
76GF Score

Get the complete analysis for XBEL:AERO

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

RSD2,089.00
Price
RSD2,362.64
GF Value