Hrvatski Telekom DD (ZAG:HT) E10: €1.73 (As of Jun. 2026)

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ZAG:HT Hrvatski Telekom DD ZAG:HT
92 GF Score
Price €40.00
GF Value €41.49
Valuation Fairly Valued
! 3 Warning Signs
View Full Analysis

What is Hrvatski Telekom DD E10?

Hrvatski Telekom DD ZAG:HT 92 E10 is €1.73 as of Jun. 2026. GuruFocus rates ZAG:HT with a GF Score™ of 92/100 and a GF Value™ of €41.49 (Fairly Valued). 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.

Hrvatski Telekom DD's adjusted earnings per share data for the three months ended in Jun. 2026 was €0.471. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €1.73 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Hrvatski Telekom DD's average E10 Growth Rate was 3.00% per year. During the past 3 years, the average E10 Growth Rate was -1.20% per year. During the past 5 years, the average E10 Growth Rate was -3.10% 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 Hrvatski Telekom DD was -1.20% per year. The lowest was -4.70% per year. And the median was -4.10% per year.

As of today (2026-08-09), Hrvatski Telekom DD's current stock price is €40.00. Hrvatski Telekom DD's E10 for the quarter that ended in Jun. 2026 was €1.73. Hrvatski Telekom DD's Shiller PE Ratio of today is 23.12.

During the past 13 years, the highest Shiller PE Ratio of Hrvatski Telekom DD was 102.39. The lowest was 13.56. And the median was 25.00.


Hrvatski Telekom DD  (ZAG:HT) 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.

Hrvatski Telekom DD's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=40.00/1.73
=23.12

* 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 Hrvatski Telekom DD was 102.39. The lowest was 13.56. And the median was 25.00.


Be Aware

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


Hrvatski Telekom DD E10 Related Terms


Hrvatski Telekom DD E10 Historical Data

* Premium members only.

The historical data trend for Hrvatski Telekom DD'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.

Hrvatski Telekom DD E10 Chart

Hrvatski Telekom DD 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 1.87 1.74 1.67 1.65 1.68

Hrvatski Telekom DD Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 1.68 1.69 1.68 1.72 1.73

ZAG:HT vs VZ, TMUS, T: E10 Comparison

For the Telecom Services subindustry, Hrvatski Telekom DD'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.


Hrvatski Telekom DD Shiller PE Ratio vs Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Hrvatski Telekom DD's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Hrvatski Telekom DD's Shiller PE Ratio falls into.


ZAG:HT
92GF Score
Hrvatski Telekom DD ZAG:HT
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hrvatski Telekom DD 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, Hrvatski Telekom DD's adjusted earnings per share data for the three months ended in Jun. 2026 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=0.471/333.9520*333.9520
=0.471

Current CPI (Jun. 2026) = 333.9520.

Hrvatski Telekom DD Quarterly Data

per share eps CPI Adj_EPS
201609 0.544 241.428 0.752
201612 0.290 241.432 0.401
201703 0.244 243.801 0.334
201706 0.432 244.955 0.589
201709 0.532 246.819 0.720
201712 0.217 246.524 0.294
201803 0.274 249.554 0.367
201806 0.441 251.989 0.584
201809 0.651 252.439 0.861
201812 0.388 251.233 0.516
201903 0.315 254.202 0.414
201906 0.413 256.143 0.538
201909 0.395 256.759 0.514
201912 0.099 256.974 0.129
202003 0.242 258.115 0.313
202006 0.268 257.797 0.347
202009 0.402 260.280 0.516
202012 0.027 260.474 0.035
202103 0.081 264.877 0.102
202106 0.188 271.696 0.231
202109 0.483 274.310 0.588
202112 0.247 278.802 0.296
202203 0.291 287.504 0.338
202206 0.213 296.311 0.240
202209 0.373 296.808 0.420
202212 0.220 296.797 0.248
202303 0.345 301.836 0.382
202306 0.335 305.109 0.367
202309 0.548 307.789 0.595
202312 0.458 306.746 0.499
202403 0.341 312.332 0.365
202406 0.391 314.175 0.416
202409 0.637 315.301 0.675
202412 0.456 315.605 0.483
202503 0.346 319.799 0.361
202506 0.410 322.561 0.424
202509 0.705 324.800 0.725
202512 0.407 324.054 0.419
202603 0.391 330.213 0.395
202606 0.471 333.952 0.471

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 €1.73 mean?
Hrvatski Telekom DD (ZAG:HT) has a E10 of €1.73 as of Jun. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Hrvatski Telekom DD and its competitors.
Is Hrvatski Telekom DD's E10 too high?
Hrvatski Telekom DD's current E10 is €1.73. Overall, Hrvatski Telekom DD has a GF Score™ of 92/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Hrvatski Telekom DD's E10 compare to VZ and TMUS?
Hrvatski Telekom DD's E10 of €1.73 can be compared against companies in the Telecommunication 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 Telecommunication Services company?
A good E10 depends on the Telecommunication 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 Hrvatski Telekom DD and its competitors. Hrvatski Telekom DD's current E10 is €1.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hrvatski Telekom DD stock overvalued right now?
Based on GuruFocus' analysis, Hrvatski Telekom DD (ZAG:HT) is currently considered Fairly Valued. The stock's GF Value™ is €41.49, compared to a current price of €40.00 — trading 3.6% below its estimated fair value. The current E10 is €1.73. Hrvatski Telekom DD's overall GF Score™ is 92/100 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 Hrvatski Telekom DD (ZAG:HT), the current E10 is €1.73 as of Jun. 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 Hrvatski Telekom DD (ZAG:HT) Overvalued in 2026?

Based on GuruFocus' analysis, Hrvatski Telekom DD stock appears to be undervalued. The current stock price of €40.00 is trading 3.6% below its estimated GF Value™ of €41.49. GuruFocus considers Hrvatski Telekom DD to be Fairly Valued.

Key valuation signals for ZAG:HT:

  • E10: €1.73
  • GF Value™: €41.49 vs. price of €40.00 (3.6% below fair value)
  • GF Score™: 92/100 with 3 warning signs

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


Hrvatski Telekom DD Business Description

Address Radnicka cesta 21, Zagreb, HRV, 10000
Hrvatski Telekom DD is a provider of telecommunication and digital services in the Republic of Croatia. It offers fixed and mobile telephony services as well as wholesale, Internet, and data. The company's business segments are Residential, Business, Other and Crnogorski Telekom. The majority of its revenue is derived from the Residential unit segment that includes marketing, sales, and customer services, focused on providing mobile, fixed-line telecommunications, electricity, and TV distribution and services to residential customers. Geographically, the company generates the majority of its revenue from the Republic of Croatia.
92GF Score

Get the complete analysis for ZAG:HT

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

€40.00
Price
€41.49
GF Value