Institut IGH DD (ZAG:IGH) E10: €-2.35 (As of Dec. 2025)


ZAG:IGH Institut IGH DD ZAG:IGH
52 GF Score
Price €12.10
GF Value €11.17
Valuation Fairly Valued
! 4 Warning Signs
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What is Institut IGH DD E10?

Institut IGH DD ZAG:IGH 52 E10 is €-2.35 as of Dec. 2025. GuruFocus rates ZAG:IGH with a GF Score™ of 52/100 and a GF Value™ of €11.17 (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.

Institut IGH DD's adjusted earnings per share data for the three months ended in Dec. 2025 was €1.592. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €-2.35 for the trailing ten years ended in Dec. 2025.

During the past 3 years, the average E10 Growth Rate was 36.60% 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 Institut IGH DD was 50.90% per year. The lowest was 36.60% per year. And the median was 43.75% per year.

As of today (2026-06-28), Institut IGH DD's current stock price is €12.10. Institut IGH DD's E10 for the quarter that ended in Dec. 2025 was €-2.35. Institut IGH DD's Shiller PE Ratio of today is .


Institut IGH DD  (ZAG:IGH) 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.


Be Aware

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


Institut IGH DD E10 Related Terms


Institut IGH DD E10 Historical Data

* Premium members only.

The historical data trend for Institut IGH 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.

Institut IGH DD E10 Chart

Institut IGH 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 -39.74 -9.21 -4.40 -4.69 -2.35

Institut IGH DD Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
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 -4.69 -4.69 -4.28 -4.02 -2.35

ZAG:IGH vs PWR, FIX, EME: E10 Comparison

For the Engineering & Construction subindustry, Institut IGH 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.


Institut IGH DD Shiller PE Ratio vs Construction Industry

For the Construction industry and Industrials sector, Institut IGH DD's Shiller PE Ratio distribution charts can be found below:

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


ZAG:IGH
52GF Score
Institut IGH DD ZAG:IGH
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Institut IGH 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, Institut IGH DD's adjusted earnings per share data for the three months ended in Dec. 2025 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=1.592/324.0540*324.0540
=1.592

Current CPI (Dec. 2025) = 324.0540.

Institut IGH DD Quarterly Data

per share eps CPI Adj_EPS
201603 -1.105 238.132 -1.504
201606 -0.992 241.018 -1.334
201609 -0.997 241.428 -1.338
201612 -9.070 241.432 -12.174
201703 1.324 243.801 1.760
201706 1.620 244.955 2.143
201709 -0.871 246.819 -1.144
201712 -4.872 246.524 -6.404
201803 -0.494 249.554 -0.641
201806 1.123 251.989 1.444
201809 0.034 252.439 0.044
201812 -1.594 251.233 -2.056
201903 -0.411 254.202 -0.524
201906 2.062 256.143 2.609
201909 -0.202 256.759 -0.255
201912 2.117 256.974 2.670
202003 -0.621 258.115 -0.780
202006 0.836 257.797 1.051
202009 -0.525 260.280 -0.654
202012 0.787 260.474 0.979
202103 -7.070 264.877 -8.650
202106 1.271 271.696 1.516
202109 0.709 274.310 0.838
202112 -3.119 278.802 -3.625
202203 -13.432 287.504 -15.140
202206 -0.158 296.311 -0.173
202209 0.441 296.808 0.481
202212 3.582 296.797 3.911
202303 6.911 301.836 7.420
202306 -0.990 305.109 -1.051
202309 3.755 307.789 3.953
202312 1.545 306.746 1.632
202403 0.374 312.332 0.388
202406 0.107 314.175 0.110
202409 0.056 315.301 0.058
202412 0.198 315.605 0.203
202503 -0.250 319.799 -0.253
202506 0.433 322.561 0.435
202509 -1.043 324.800 -1.041
202512 1.592 324.054 1.592

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 €-2.35 mean?
Institut IGH DD (ZAG:IGH) has a E10 of €-2.35 as of Dec. 2025. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Institut IGH DD and its competitors.
Is Institut IGH DD's E10 too high?
Institut IGH DD's current E10 is €-2.35. Overall, Institut IGH DD has a GF Score™ of 52/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Institut IGH DD's E10 compare to PWR and FIX?
Institut IGH DD's E10 of €-2.35 can be compared against companies in the Construction 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 Construction company?
A good E10 depends on the Construction 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 Institut IGH DD and its competitors. Institut IGH DD's current E10 is €-2.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Institut IGH DD stock overvalued right now?
Based on GuruFocus' analysis, Institut IGH DD (ZAG:IGH) is currently considered Fairly Valued. The stock's GF Value™ is €11.17, compared to a current price of €12.10 — trading 8.3% above its estimated fair value. The current E10 is €-2.35. Institut IGH DD's overall GF Score™ is 52/100 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 Institut IGH DD (ZAG:IGH), the current E10 is €-2.35 as of Dec. 2025. 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 Institut IGH DD (ZAG:IGH) Overvalued in 2026?

Based on GuruFocus' analysis, Institut IGH DD stock appears to be overvalued. The current stock price of €12.10 is trading 8.3% above its estimated GF Value™ of €11.17. GuruFocus considers Institut IGH DD to be Fairly Valued.

Key valuation signals for ZAG:IGH:

  • E10: €-2.35
  • GF Value™: €11.17 vs. price of €12.10 (8.3% above fair value)
  • GF Score™: 52/100 with 4 warning signs

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


Institut IGH DD Business Description

Address Janka Rakuse 1, Zagreb, HRV, 10000
Institut IGH DD is a consulting company for engineering services in the field of construction in Croatia and the region, providing support to infrastructure and investment projects and solutions in the field of construction in Croatia and international markets. Its services are management of holding companies, architectural and engineering activities, technical consulting, improvement of regulations in the field of construction, improvement of development programs and construction technologies, and protection, preservation, and improvement of space. Its segments include Department of Design, the Department of Professional Supervision and Project Management generate maximum revenue, Department of Materials and Structures, Branches, and Management and Support Services.
52GF Score

Get the complete analysis for ZAG:IGH

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

€12.10
Price
€11.17
GF Value