Salus (XLJU:SALR) E10: €1.38 (As of Mar. 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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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.

XLJU:SALR Salus XLJU:SALR
75 GF Score
Price €67.00
GF Value €32.73
Valuation Significantly Overvalued
! 4 Warning Signs
View Full Analysis

What is Salus E10?

Salus XLJU:SALR -1.47% 75 E10 is €1.38 as of Mar. 2026. GuruFocus rates XLJU:SALR with a GF Score™ of 75/100 and a GF Value™ of €32.73 (Significantly Overvalued). 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.

Salus's adjusted earnings per share data for the three months ended in Mar. 2026 was €0.690. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €1.38 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Salus's average E10 Growth Rate was 16.90% 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.

As of today (2026-08-29), Salus's current stock price is €67.00. Salus's E10 for the quarter that ended in Mar. 2026 was €1.38. Salus's Shiller PE Ratio of today is 48.55.

During the past 13 years, the highest Shiller PE Ratio of Salus was 55.34. The lowest was 18.24. And the median was 24.73.


Salus  (XLJU:SALR) 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.

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

Shiller PE Ratio=Share Price/E10
=67.00/1.38
=48.55

* 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 Salus was 55.34. The lowest was 18.24. And the median was 24.73.


Be Aware

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


Salus E10 Related Terms


Salus E10 Historical Data

* Premium members only.

The historical data trend for Salus'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.

Salus E10 Chart

Salus 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 0.00 1.01 1.13 1.31

Salus 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 1.18 1.22 1.25 1.31 1.38

XLJU:SALR vs MCK, COR, CAH: E10 Comparison

For the Medical Distribution subindustry, Salus'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.


Salus Shiller PE Ratio vs Medical Distribution Industry

For the Medical Distribution industry and Healthcare sector, Salus's Shiller PE Ratio distribution charts can be found below:

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


XLJU:SALR
75GF Score
Salus XLJU:SALR
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Salus 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, Salus'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)
=0.69/330.2130*330.2130
=0.690

Current CPI (Mar. 2026) = 330.2130.

Salus Quarterly Data

per share eps CPI Adj_EPS
201606 0.096 241.018 0.132
201609 0.140 241.428 0.191
201612 0.053 241.432 0.072
201703 0.131 243.801 0.177
201706 0.152 244.955 0.205
201709 0.175 246.819 0.234
201712 0.032 246.524 0.043
201803 0.171 249.554 0.226
201806 0.079 251.989 0.104
201809 0.138 252.439 0.181
201812 0.156 251.233 0.205
201903 0.220 254.202 0.286
201906 0.128 256.143 0.165
201909 0.183 256.759 0.235
201912 0.194 256.974 0.249
202003 0.255 258.115 0.326
202006 0.257 257.797 0.329
202009 0.318 260.280 0.403
202012 0.414 260.474 0.525
202103 0.593 264.877 0.739
202106 0.315 271.696 0.383
202109 0.374 274.310 0.450
202112 0.316 278.802 0.374
202203 0.509 287.504 0.585
202206 0.281 296.311 0.313
202209 0.336 296.808 0.374
202212 0.484 296.797 0.538
202303 0.344 301.836 0.376
202306 0.278 305.109 0.301
202309 0.268 307.789 0.288
202312 0.364 306.746 0.392
202403 0.480 312.332 0.507
202406 0.338 314.175 0.355
202409 0.406 315.301 0.425
202412 0.338 315.605 0.354
202503 0.520 319.799 0.537
202506 0.480 322.561 0.491
202509 0.420 324.800 0.427
202512 0.610 324.054 0.622
202603 0.690 330.213 0.690

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 €1.38 mean?
Salus (XLJU:SALR) has a E10 of €1.38 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Salus and its competitors.
Is Salus' E10 too high?
Salus' current E10 is €1.38. Overall, Salus has a GF Score™ of 75/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Salus' E10 compare to MCK and COR?
Salus' E10 of €1.38 can be compared against companies in the Medical Distribution 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 Medical Distribution company?
A good E10 depends on the Medical Distribution 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 Salus and its competitors. Salus's current E10 is €1.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Salus stock overvalued right now?
Based on GuruFocus' analysis, Salus (XLJU:SALR) is currently considered Significantly Overvalued. The stock's GF Value™ is €32.73, compared to a current price of €67.00 — trading 104.7% above its estimated fair value. The current E10 is €1.38. Salus' overall GF Score™ is 75/100 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 Salus (XLJU:SALR), the current E10 is €1.38 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 Salus (XLJU:SALR) Overvalued in 2026?

Based on GuruFocus' analysis, Salus stock appears to be overvalued. The current stock price of €67.00 is trading 104.7% above its estimated GF Value™ of €32.73. GuruFocus considers Salus to be Significantly Overvalued.

Key valuation signals for XLJU:SALR:

  • E10: €1.38
  • GF Value™: €32.73 vs. price of €67.00 (104.7% above fair value)
  • GF Score™: 75/100 with 4 warning signs

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


Salus Business Description

Other Exchanges E3U:Germany
Address Litostrojska cesta 46 A, Ljubljana, SVN, 1000
Salus is a Slovenia-based company engaged in the wholesale and distribution of medical products. It offers medicines, medical devices, medical supplies, dietary supplements, cosmetics to hospitals, pharmacies, and other customers.
75GF Score

Get the complete analysis for XLJU:SALR

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

€67.00
Price
€32.73
GF Value