ENCE Energia y Celulosa (XMAD:ENC) E10: €0.10 (As of Mar. 2026)


XMAD:ENC ENCE Energia y Celulosa SA XMAD:ENC
63 GF Score
Price €2.29
GF Value €2.51
Valuation Fairly Valued
! 4 Warning Signs
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What is ENCE Energia y Celulosa E10?

ENCE Energia y Celulosa XMAD:ENC +0.44% 63 E10 is €0.10 as of Mar. 2026. GuruFocus rates XMAD:ENC with a GF Score™ of 63/100 and a GF Value™ of €2.51 (Fairly Valued). 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.

ENCE Energia y Celulosa's adjusted earnings per share data for the three months ended in Mar. 2026 was €-0.070. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €0.10 for the trailing ten years ended in Mar. 2026.

During the past 12 months, ENCE Energia y Celulosa's average E10 Growth Rate was -33.30% per year. During the past 3 years, the average E10 Growth Rate was 16.30% 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 ENCE Energia y Celulosa was 16.30% per year. The lowest was -16.40% per year. And the median was -14.50% per year.

As of today (2026-06-25), ENCE Energia y Celulosa's current stock price is €2.29. ENCE Energia y Celulosa's E10 for the quarter that ended in Mar. 2026 was €0.10. ENCE Energia y Celulosa's Shiller PE Ratio of today is 22.90.

During the past 13 years, the highest Shiller PE Ratio of ENCE Energia y Celulosa was 87.50. The lowest was 17.12. And the median was 34.17.


ENCE Energia y Celulosa  (XMAD:ENC) 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.

ENCE Energia y Celulosa's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=2.29/0.10
=22.90

* 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 ENCE Energia y Celulosa was 87.50. The lowest was 17.12. And the median was 34.17.


Be Aware

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


ENCE Energia y Celulosa E10 Related Terms


ENCE Energia y Celulosa E10 Historical Data

* Premium members only.

The historical data trend for ENCE Energia y Celulosa'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.

ENCE Energia y Celulosa E10 Chart

ENCE Energia y Celulosa 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 -0.01 0.07 0.05 0.16 0.11

ENCE Energia y Celulosa 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 0.15 0.15 0.13 0.11 0.10

ENCE Energia y Celulosa E10 Competitor Comparison

For the Paper & Paper Products subindustry, ENCE Energia y Celulosa'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.


ENCE Energia y Celulosa Shiller PE Ratio vs Forest Products Industry

For the Forest Products industry and Basic Materials sector, ENCE Energia y Celulosa's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where ENCE Energia y Celulosa's Shiller PE Ratio falls into.


XMAD:ENC
63GF Score
ENCE Energia y Celulosa SA XMAD:ENC
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
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ENCE Energia y Celulosa 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, ENCE Energia y Celulosa'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)
=-0.07/128.4016*128.4016
=-0.070

Current CPI (Mar. 2026) = 128.4016.

ENCE Energia y Celulosa Quarterly Data

per share eps CPI Adj_EPS
201606 0.005 100.333 0.006
201609 0.040 99.737 0.051
201612 0.070 101.842 0.088
201703 0.050 100.896 0.064
201706 0.073 101.848 0.092
201709 0.110 101.524 0.139
201712 0.130 102.975 0.162
201803 0.120 102.122 0.151
201806 0.085 104.165 0.105
201809 0.160 103.818 0.198
201812 0.153 104.193 0.189
201903 0.070 103.488 0.087
201906 0.030 104.612 0.037
201909 0.010 103.905 0.012
201912 -0.077 105.015 -0.094
202003 -0.050 103.469 -0.062
202006 -0.055 104.254 -0.068
202009 -0.070 103.521 -0.087
202012 0.060 104.456 0.074
202103 -0.040 104.857 -0.049
202106 -0.763 107.102 -0.915
202109 0.006 107.669 0.007
202112 0.010 111.298 0.012
202203 0.050 115.153 0.056
202206 0.130 118.044 0.141
202209 0.092 117.221 0.101
202212 0.740 117.650 0.808
202303 0.130 118.948 0.140
202306 -0.150 120.278 -0.160
202309 -0.100 121.343 -0.106
202312 0.014 121.300 0.015
202403 0.010 122.762 0.010
202406 0.095 124.409 0.098
202409 0.059 123.121 0.062
202412 -0.040 124.753 -0.041
202503 0.010 125.531 0.010
202506 -0.040 127.251 -0.040
202509 -0.062 126.842 -0.063
202512 -0.134 128.402 -0.134
202603 -0.070 128.402 -0.070

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 €0.10 mean?
ENCE Energia y Celulosa (XMAD:ENC) has a E10 of €0.10 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on ENCE Energia y Celulosa and its competitors.
Is ENCE Energia y Celulosa's E10 too high?
ENCE Energia y Celulosa's current E10 is €0.10. Overall, ENCE Energia y Celulosa has a GF Score™ of 63/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does ENCE Energia y Celulosa's E10 compare to competitors?
ENCE Energia y Celulosa's E10 of €0.10 can be compared against companies in the Forest Products 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 Forest Products company?
A good E10 depends on the Forest Products 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 ENCE Energia y Celulosa and its competitors. ENCE Energia y Celulosa's current E10 is €0.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ENCE Energia y Celulosa stock overvalued right now?
Based on GuruFocus' analysis, ENCE Energia y Celulosa (XMAD:ENC) is currently considered Fairly Valued. The stock's GF Value™ is €2.51, compared to a current price of €2.29 — trading 8.8% below its estimated fair value. The current E10 is €0.10. ENCE Energia y Celulosa's overall GF Score™ is 63/100 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 ENCE Energia y Celulosa (XMAD:ENC), the current E10 is €0.10 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 ENCE Energia y Celulosa (XMAD:ENC) Overvalued in 2026?

Based on GuruFocus' analysis, ENCE Energia y Celulosa stock appears to be undervalued. The current stock price of €2.29 is trading 8.8% below its estimated GF Value™ of €2.51. GuruFocus considers ENCE Energia y Celulosa to be Fairly Valued.

Key valuation signals for XMAD:ENC:

  • E10: €0.10
  • GF Value™: €2.51 vs. price of €2.29 (8.8% below fair value)
  • GF Score™: 63/100 with 4 warning signs

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


ENCE Energia y Celulosa Business Description

Other Exchanges 0K96:UKENCA:Germany
Address Estebanez Calderon 3-5, 2nd floor, Madrid, ESP, 28020
ENCE Energia y Celulosa SA produces and sells pulp. The company has two segments namely ENCE Pulp and ENCE Renewables. ENCE Pulp segment includes pulp production and sale activities. ENCE Renewables segment involves Biomass, Biomethane, and production of renewable industrial heat.
63GF Score

Get the complete analysis for XMAD:ENC

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

€2.29
Price
€2.51
GF Value