Menora Mivtachim Holdings (XTAE:MMHD) E10: ₪14.05 (As of Mar. 2026)

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XTAE:MMHD Menora Mivtachim Holdings Ltd XTAE:MMHD
64 GF Score
Price ₪465.10
GF Value ₪173.76
Valuation Significantly Overvalued
! 3 Warning Signs
View Full Analysis

What is Menora Mivtachim Holdings E10?

Menora Mivtachim Holdings XTAE:MMHD +0.87% 64 E10 is ₪14.05 as of Mar. 2026. GuruFocus rates XTAE:MMHD with a GF Score™ of 64/100 and a GF Value™ of ₪173.76 (Significantly Overvalued). The stock has 3 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.

Menora Mivtachim Holdings's adjusted earnings per share data for the three months ended in Mar. 2026 was ₪7.320. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₪14.05 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Menora Mivtachim Holdings's average E10 Growth Rate was 41.30% per year. During the past 3 years, the average E10 Growth Rate was 23.90% per year. During the past 5 years, the average E10 Growth Rate was 18.30% 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 Menora Mivtachim Holdings was 23.90% per year. The lowest was 10.10% per year. And the median was 15.50% per year.

As of today (2026-07-19), Menora Mivtachim Holdings's current stock price is ₪465.10. Menora Mivtachim Holdings's E10 for the quarter that ended in Mar. 2026 was ₪14.05. Menora Mivtachim Holdings's Shiller PE Ratio of today is 33.10.

During the past 13 years, the highest Shiller PE Ratio of Menora Mivtachim Holdings was 41.15. The lowest was 7.10. And the median was 12.46.


Menora Mivtachim Holdings  (XTAE:MMHD) 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.

Menora Mivtachim Holdings's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=465.10/14.05
=33.10

* 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 Menora Mivtachim Holdings was 41.15. The lowest was 7.10. And the median was 12.46.


Be Aware

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


Menora Mivtachim Holdings E10 Related Terms


Menora Mivtachim Holdings E10 Historical Data

* Premium members only.

The historical data trend for Menora Mivtachim Holdings'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.

Menora Mivtachim Holdings E10 Chart

Menora Mivtachim Holdings 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 6.02 6.73 6.87 9.28 12.81

Menora Mivtachim Holdings 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 9.94 10.92 11.88 12.81 14.05

XTAE:MMHD vs AFL, MET, PRU: E10 Comparison

For the Insurance - Life subindustry, Menora Mivtachim Holdings'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.


Menora Mivtachim Holdings Shiller PE Ratio vs Insurance Industry

For the Insurance industry and Financial Services sector, Menora Mivtachim Holdings's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Menora Mivtachim Holdings's Shiller PE Ratio falls into.


XTAE:MMHD
64GF Score
Menora Mivtachim Holdings Ltd XTAE:MMHD
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Menora Mivtachim Holdings 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, Menora Mivtachim Holdings'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)
=7.32/330.2130*330.2130
=7.320

Current CPI (Mar. 2026) = 330.2130.

Menora Mivtachim Holdings Quarterly Data

per share eps CPI Adj_EPS
201606 -0.380 241.018 -0.521
201609 1.290 241.428 1.764
201612 1.718 241.432 2.350
201703 1.270 243.801 1.720
201706 1.450 244.955 1.955
201709 1.110 246.819 1.485
201712 0.585 246.524 0.784
201803 0.570 249.554 0.754
201806 1.200 251.989 1.573
201809 2.810 252.439 3.676
201812 1.067 251.233 1.402
201903 1.090 254.202 1.416
201906 3.380 256.143 4.357
201909 -1.300 256.759 -1.672
201912 1.660 256.974 2.133
202003 -0.980 258.115 -1.254
202006 2.970 257.797 3.804
202009 4.210 260.280 5.341
202012 4.027 260.474 5.105
202103 2.450 264.877 3.054
202106 2.870 271.696 3.488
202109 1.670 274.310 2.010
202112 3.380 278.802 4.003
202203 3.630 287.504 4.169
202206 -0.560 296.311 -0.624
202209 3.960 296.808 4.406
202212 1.640 296.797 1.825
202303 1.280 301.836 1.400
202306 0.340 305.109 0.368
202309 4.070 307.789 4.367
202312 2.450 306.746 2.637
202403 5.480 312.332 5.794
202406 2.840 314.175 2.985
202409 8.500 315.301 8.902
202412 9.690 315.605 10.139
202503 6.090 319.799 6.288
202506 11.660 322.561 11.937
202509 9.220 324.800 9.374
202512 10.300 324.054 10.496
202603 7.320 330.213 7.320

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 ₪14.05 mean?
Menora Mivtachim Holdings (XTAE:MMHD) has a E10 of ₪14.05 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Menora Mivtachim Holdings and its competitors.
Is Menora Mivtachim Holdings' E10 too high?
Menora Mivtachim Holdings' current E10 is ₪14.05. Overall, Menora Mivtachim Holdings has a GF Score™ of 64/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Menora Mivtachim Holdings' E10 compare to AFL and MET?
Menora Mivtachim Holdings' E10 of ₪14.05 can be compared against companies in the Insurance 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 an Insurance company?
A good E10 depends on the Insurance 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 Menora Mivtachim Holdings and its competitors. Menora Mivtachim Holdings's current E10 is ₪14.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Menora Mivtachim Holdings stock overvalued right now?
Based on GuruFocus' analysis, Menora Mivtachim Holdings (XTAE:MMHD) is currently considered Significantly Overvalued. The stock's GF Value™ is ₪173.76, compared to a current price of ₪465.10 — trading 167.7% above its estimated fair value. The current E10 is ₪14.05. Menora Mivtachim Holdings' overall GF Score™ is 64/100 with 3 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 Menora Mivtachim Holdings (XTAE:MMHD), the current E10 is ₪14.05 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 Menora Mivtachim Holdings (XTAE:MMHD) Overvalued in 2026?

Based on GuruFocus' analysis, Menora Mivtachim Holdings stock appears to be overvalued. The current stock price of ₪465.10 is trading 167.7% above its estimated GF Value™ of ₪173.76. GuruFocus considers Menora Mivtachim Holdings to be Significantly Overvalued.

Key valuation signals for XTAE:MMHD:

  • E10: ₪14.05
  • GF Value™: ₪173.76 vs. price of ₪465.10 (167.7% above fair value)
  • GF Score™: 64/100 with 3 warning signs

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


Menora Mivtachim Holdings Business Description

Address 23 Jabotinsky Street, Menora Mivtachim House, Ramat Gan, ISR, 5251102
Menora Mivtachim Holdings Ltd is a diversified insurance and finance group that operates in Israel. The company specializes in asset management and diversified insurance services, including general, life, and health insurance. Menora is also active within the capital market in a variety of fields, including corporate finance, investment banking, structured finance, and more. The company offers a broad variety of mutual funds that invest in various avenues in Israel and around the world, while also managing pension products and provident funds. The company's operating segments include Life insurance and long-term savings, focusing on policies, pension, and provident funds for death and disability risks, the Health insurance segment, and the Property and casualty insurance segment.
64GF Score

Get the complete analysis for XTAE:MMHD

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

₪465.10
Price
₪173.76
GF Value