Jadranski Naftovod DD (ZAG:JNAF) E10: €48.71 (As of Jun. 2026)

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ZAG:JNAF Jadranski Naftovod DD ZAG:JNAF
83 GF Score
Price €830.00
GF Value €770.33
Valuation Fairly Valued
! 7 Warning Signs
View Full Analysis

What is Jadranski Naftovod DD E10?

Jadranski Naftovod DD ZAG:JNAF 83 E10 is €48.71 as of Jun. 2026. GuruFocus rates ZAG:JNAF with a GF Score™ of 83/100 and a GF Value™ of €770.33 (Fairly Valued). The stock has 7 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.

Jadranski Naftovod DD's adjusted earnings per share data for the three months ended in Jun. 2026 was €14.718. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €48.71 for the trailing ten years ended in Jun. 2026.

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.

As of today (2026-08-10), Jadranski Naftovod DD's current stock price is €830.00. Jadranski Naftovod DD's E10 for the quarter that ended in Jun. 2026 was €48.71. Jadranski Naftovod DD's Shiller PE Ratio of today is 17.04.

During the past 13 years, the highest Shiller PE Ratio of Jadranski Naftovod DD was 20.19. The lowest was 15.79. And the median was 17.45.


Jadranski Naftovod DD  (ZAG:JNAF) 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.

Jadranski Naftovod DD's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=830.00/48.71
=17.04

* 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 Jadranski Naftovod DD was 20.19. The lowest was 15.79. And the median was 17.45.


Be Aware

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


Jadranski Naftovod DD E10 Related Terms


Jadranski Naftovod DD E10 Historical Data

* Premium members only.

The historical data trend for Jadranski Naftovod 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.

Jadranski Naftovod DD E10 Chart

Jadranski Naftovod 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 0.00 0.00 45.07 46.55 47.00

Jadranski Naftovod 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 48.72 48.78 47.00 48.18 48.71

ZAG:JNAF vs WMB, EPD, KMI: E10 Comparison

For the Oil & Gas Midstream subindustry, Jadranski Naftovod 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.


Jadranski Naftovod DD Shiller PE Ratio vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Jadranski Naftovod DD's Shiller PE Ratio distribution charts can be found below:

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


ZAG:JNAF
83GF Score
Jadranski Naftovod DD ZAG:JNAF
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Jadranski Naftovod 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, Jadranski Naftovod 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)
=14.718/333.9520*333.9520
=14.718

Current CPI (Jun. 2026) = 333.9520.

Jadranski Naftovod DD Quarterly Data

per share eps CPI Adj_EPS
201609 6.469 241.428 8.948
201612 13.999 241.432 19.364
201703 9.123 243.801 12.496
201706 10.081 244.955 13.744
201709 6.612 246.819 8.946
201712 13.175 246.524 17.847
201803 10.086 249.554 13.497
201806 10.227 251.989 13.553
201809 11.079 252.439 14.656
201812 10.111 251.233 13.440
201903 10.110 254.202 13.282
201906 9.483 256.143 12.364
201909 12.780 256.759 16.622
201912 2.505 256.974 3.255
202003 9.573 258.115 12.386
202006 9.846 257.797 12.755
202009 11.138 260.280 14.291
202012 6.362 260.474 8.157
202103 9.814 264.877 12.373
202106 7.612 271.696 9.356
202109 7.979 274.310 9.714
202112 8.872 278.802 10.627
202203 8.949 287.504 10.395
202206 11.629 296.311 13.106
202209 13.884 296.808 15.622
202212 5.937 296.797 6.680
202303 15.032 301.836 16.631
202306 16.382 305.109 17.931
202309 17.795 307.789 19.308
202312 2.370 306.746 2.580
202403 12.811 312.332 13.698
202406 12.061 314.175 12.820
202409 12.156 315.301 12.875
202412 10.986 315.605 11.625
202503 14.656 319.799 15.305
202506 11.981 322.561 12.404
202509 6.206 324.800 6.381
202512 0.489 324.054 0.504
202603 12.742 330.213 12.886
202606 14.718 333.952 14.718

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 €48.71 mean?
Jadranski Naftovod DD (ZAG:JNAF) has a E10 of €48.71 as of Jun. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Jadranski Naftovod DD and its competitors.
Is Jadranski Naftovod DD's E10 too high?
Jadranski Naftovod DD's current E10 is €48.71. Overall, Jadranski Naftovod DD has a GF Score™ of 83/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Jadranski Naftovod DD's E10 compare to WMB and EPD?
Jadranski Naftovod DD's E10 of €48.71 can be compared against companies in the Oil & Gas 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 Oil & Gas company?
A good E10 depends on the Oil & Gas 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 Jadranski Naftovod DD and its competitors. Jadranski Naftovod DD's current E10 is €48.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Jadranski Naftovod DD stock overvalued right now?
Based on GuruFocus' analysis, Jadranski Naftovod DD (ZAG:JNAF) is currently considered Fairly Valued. The stock's GF Value™ is €770.33, compared to a current price of €830.00 — trading 7.7% above its estimated fair value. The current E10 is €48.71. Jadranski Naftovod DD's overall GF Score™ is 83/100 with 7 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 Jadranski Naftovod DD (ZAG:JNAF), the current E10 is €48.71 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 Jadranski Naftovod DD (ZAG:JNAF) Overvalued in 2026?

Based on GuruFocus' analysis, Jadranski Naftovod DD stock appears to be overvalued. The current stock price of €830.00 is trading 7.7% above its estimated GF Value™ of €770.33. GuruFocus considers Jadranski Naftovod DD to be Fairly Valued.

Key valuation signals for ZAG:JNAF:

  • E10: €48.71
  • GF Value™: €770.33 vs. price of €830.00 (7.7% above fair value)
  • GF Score™: 83/100 with 7 warning signs

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


Jadranski Naftovod DD Business Description

Industry EnergyOil & Gas
Address Miramarska cesta 24, Zagreb, HRV, 10000
Jadranski Naftovod DD is mainly engaged in oil transportation activities and storage of oil and refinery products. The company operates the JANAF system which is an international crude oil transportation system consists of crude oil handling terminals and pipelines in Sisak, Gola, Virje, Sotin and Slavonski Brod and the accompanying pumping and metering stations. It also involved in the reloading and storage of crude oil and oil products as well as provision of engineering and technical advisory services.
83GF Score

Get the complete analysis for ZAG:JNAF

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

€830.00
Price
€770.33
GF Value