Fresenius SE KGaA (XSWX:FRE) E10: CHF3.23 (As of Mar. 2026)


XSWX:FRE Fresenius SE & Co KGaA XSWX:FRE
71 GF Score
Price CHF35.86
GF Value CHF32.85
Valuation Fairly Valued
! 5 Warning Signs
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What is Fresenius SE KGaA E10?

Fresenius SE KGaA XSWX:FRE 71 E10 is CHF3.23 as of Mar. 2026. GuruFocus rates XSWX:FRE with a GF Score™ of 71/100 and a GF Value™ of CHF32.85 (Fairly Valued). The stock has 5 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.

Fresenius SE KGaA's adjusted earnings per share data for the three months ended in Mar. 2026 was CHF0.701. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is CHF3.23 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Fresenius SE KGaA's average E10 Growth Rate was 0.90% per year. During the past 3 years, the average E10 Growth Rate was 2.60% per year. During the past 5 years, the average E10 Growth Rate was 5.90% 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.

During the past 13 years, the highest 3-Year average E10 Growth Rate of Fresenius SE KGaA was 10.50% per year. The lowest was 2.60% per year. And the median was 8.85% per year.

As of today (2026-06-24), Fresenius SE KGaA's current stock price is CHF35.86. Fresenius SE KGaA's E10 for the quarter that ended in Mar. 2026 was CHF3.23. Fresenius SE KGaA's Shiller PE Ratio of today is 11.10.

During the past 13 years, the highest Shiller PE Ratio of Fresenius SE KGaA was 41.33. The lowest was 6.24. And the median was 13.63.


Fresenius SE KGaA  (XSWX:FRE) 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.

Fresenius SE KGaA's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=35.86/3.23
=11.10

* 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 Fresenius SE KGaA was 41.33. The lowest was 6.24. And the median was 13.63.


Be Aware

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


Fresenius SE KGaA E10 Related Terms


Fresenius SE KGaA E10 Historical Data

* Premium members only.

The historical data trend for Fresenius SE KGaA'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.

Fresenius SE KGaA E10 Chart

Fresenius SE KGaA 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 0.00 0.00 0.00

Fresenius SE KGaA 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 0.00 0.00 0.00 0.00 3.23

XSWX:FRE vs HCA, THC, DVA: E10 Comparison

For the Medical Care Facilities subindustry, Fresenius SE KGaA'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.


Fresenius SE KGaA Shiller PE Ratio vs Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Fresenius SE KGaA's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Fresenius SE KGaA's Shiller PE Ratio falls into.


XSWX:FRE
71GF Score
Fresenius SE & Co KGaA XSWX:FRE
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Fresenius SE KGaA 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, Fresenius SE KGaA'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)
=0.701/131.2583*131.2583
=0.701

Current CPI (Mar. 2026) = 131.2583.

Fresenius SE KGaA Quarterly Data

per share eps CPI Adj_EPS
201606 0.750 100.717 0.977
201609 0.752 101.017 0.977
201612 0.859 101.217 1.114
201703 0.877 101.417 1.135
201706 0.879 102.117 1.130
201709 0.813 102.717 1.039
201712 1.061 102.617 1.357
201803 0.922 102.917 1.176
201806 1.351 104.017 1.705
201809 0.846 104.718 1.060
201812 1.036 104.217 1.305
201903 0.914 104.217 1.151
201906 0.947 105.718 1.176
201909 0.860 106.018 1.065
201912 1.003 105.818 1.244
202003 0.868 105.718 1.078
202006 0.791 106.618 0.974
202009 0.828 105.818 1.027
202012 0.788 105.518 0.980
202103 0.862 107.518 1.052
202106 0.919 108.486 1.112
202109 0.803 109.435 0.963
202112 0.937 110.384 1.114
202203 0.757 113.968 0.872
202206 0.697 115.760 0.790
202209 0.549 118.818 0.606
202212 0.444 119.345 0.488
202303 0.604 122.402 0.648
202306 4.878 123.140 5.200
202309 0.269 124.195 0.284
202312 -1.028 123.773 -1.090
202403 0.473 125.038 0.497
202406 -0.635 125.882 -0.662
202409 0.545 126.198 0.567
202412 0.401 127.041 0.414
202503 0.392 127.779 0.403
202506 0.544 128.412 0.556
202509 0.579 129.255 0.588
202512 0.588 129.361 0.597
202603 0.701 131.258 0.701

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 CHF3.23 mean?
Fresenius SE KGaA (XSWX:FRE) has a E10 of CHF3.23 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Fresenius SE KGaA and its competitors.
Is Fresenius SE KGaA's E10 too high?
Fresenius SE KGaA's current E10 is CHF3.23. Overall, Fresenius SE KGaA has a GF Score™ of 71/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Fresenius SE KGaA's E10 compare to HCA and THC?
Fresenius SE KGaA's E10 of CHF3.23 can be compared against companies in the Healthcare Providers & Services 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 Healthcare Providers & Services company?
A good E10 depends on the Healthcare Providers & Services 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 Fresenius SE KGaA and its competitors. Fresenius SE KGaA's current E10 is CHF3.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fresenius SE KGaA stock overvalued right now?
Based on GuruFocus' analysis, Fresenius SE KGaA (XSWX:FRE) is currently considered Fairly Valued. The stock's GF Value™ is CHF32.85, compared to a current price of CHF35.86 — trading 9.2% above its estimated fair value. The current E10 is CHF3.23. Fresenius SE KGaA's overall GF Score™ is 71/100 with 5 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 Fresenius SE KGaA (XSWX:FRE), the current E10 is CHF3.23 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 Fresenius SE KGaA (XSWX:FRE) Overvalued in 2026?

Based on GuruFocus' analysis, Fresenius SE KGaA stock appears to be overvalued. The current stock price of CHF35.86 is trading 9.2% above its estimated GF Value™ of CHF32.85. GuruFocus considers Fresenius SE KGaA to be Fairly Valued.

Key valuation signals for XSWX:FRE:

  • E10: CHF3.23
  • GF Value™: CHF32.85 vs. price of CHF35.86 (9.2% above fair value)
  • GF Score™: 71/100 with 5 warning signs

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


Fresenius SE KGaA Business Description

Address Else-Kroener-Strasse 1, Bad Homburg, HE, DEU, 61352
Fresenius is a healthcare holding company based in Germany. The company owns a minority stake in dialysis service provider and equipment manufacturer Fresenius Medical Care. The Kabi segment manufactures intravenous drugs, nutrition products, infusion and transfusion therapies, and related pumps. The Helios segment operates private hospitals primarily in Germany and Spain.
71GF Score

Get the complete analysis for XSWX:FRE

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

CHF35.86
Price
CHF32.85
GF Value