Tehnika DD (ZAG:THNK) E10: €-58.35 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

ZAG:THNK Tehnika DD ZAG:THNK
49 GF Score
Price €13.00
GF Value €29.36
Valuation Possible Value Trap
! 5 Warning Signs
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What is Tehnika DD E10?

Tehnika DD ZAG:THNK 49 E10 is €-58.35 as of Mar. 2026. GuruFocus rates ZAG:THNK with a GF Score™ of 49/100 and a GF Value™ of €29.36 (Possible Value Trap). 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.

Tehnika DD's adjusted earnings per share data for the three months ended in Mar. 2026 was €0.237. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €-58.35 for the trailing ten years ended in Mar. 2026.

During the past 3 years, the average E10 Growth Rate was -4.70% 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 Tehnika DD was -4.60% per year. The lowest was -4.70% per year. And the median was -4.65% per year.

As of today (2026-07-18), Tehnika DD's current stock price is €13.00. Tehnika DD's E10 for the quarter that ended in Mar. 2026 was €-58.35. Tehnika DD's Shiller PE Ratio of today is .


Tehnika DD  (ZAG:THNK) 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.


Tehnika DD E10 Related Terms


Tehnika DD E10 Historical Data

* Premium members only.

The historical data trend for Tehnika 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.

Tehnika DD E10 Chart

Tehnika 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 -47.10 -50.60 -51.08 -53.95 -58.05

Tehnika DD 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 -54.43 -54.53 -55.33 -58.05 -58.35

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

For the Engineering & Construction subindustry, Tehnika 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.


Tehnika DD Shiller PE Ratio vs Construction Industry

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

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


ZAG:THNK
49GF Score
Tehnika DD ZAG:THNK
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tehnika 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, Tehnika DD'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)
=0.237/330.2130*330.2130
=0.237

Current CPI (Mar. 2026) = 330.2130.

Tehnika DD Quarterly Data

per share eps CPI Adj_EPS
201606 -3.580 241.018 -4.905
201609 -2.292 241.428 -3.135
201612 12.168 241.432 16.642
201703 -3.427 243.801 -4.642
201706 -2.703 244.955 -3.644
201709 -3.170 246.819 -4.241
201712 -175.235 246.524 -234.723
201803 -5.452 249.554 -7.214
201806 -8.215 251.989 -10.765
201809 -57.309 252.439 -74.965
201812 -111.045 251.233 -145.954
201903 -6.162 254.202 -8.005
201906 -5.476 256.143 -7.060
201909 -6.440 256.759 -8.282
201912 -52.983 256.974 -68.083
202003 -1.543 258.115 -1.974
202006 4.805 257.797 6.155
202009 -2.108 260.280 -2.674
202012 -13.631 260.474 -17.281
202103 -2.166 264.877 -2.700
202106 71.733 271.696 87.183
202109 -6.013 274.310 -7.238
202112 -21.307 278.802 -25.236
202203 -0.545 287.504 -0.626
202206 -0.239 296.311 -0.266
202209 -12.958 296.808 -14.416
202212 -8.883 296.797 -9.883
202303 10.455 301.836 11.438
202306 4.895 305.109 5.298
202309 -3.471 307.789 -3.724
202312 1.056 306.746 1.137
202403 2.689 312.332 2.843
202406 3.073 314.175 3.230
202409 -4.183 315.301 -4.381
202412 -14.423 315.605 -15.091
202503 -5.921 319.799 -6.114
202506 2.702 322.561 2.766
202509 -6.252 324.800 -6.356
202512 -16.537 324.054 -16.851
202603 0.237 330.213 0.237

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 €-58.35 mean?
Tehnika DD (ZAG:THNK) has a E10 of €-58.35 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Tehnika DD and its competitors.
Is Tehnika DD's E10 too high?
Tehnika DD's current E10 is €-58.35. Overall, Tehnika DD has a GF Score™ of 49/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Tehnika DD's E10 compare to PWR and FIX?
Tehnika DD's E10 of €-58.35 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 Tehnika DD and its competitors. Tehnika DD's current E10 is €-58.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tehnika DD stock overvalued right now?
Based on GuruFocus' analysis, Tehnika DD (ZAG:THNK) is currently considered Possible Value Trap. The stock's GF Value™ is €29.36, compared to a current price of €13.00 — trading 55.7% below its estimated fair value. The current E10 is €-58.35. Tehnika DD's overall GF Score™ is 49/100 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 Tehnika DD (ZAG:THNK), the current E10 is €-58.35 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 Tehnika DD (ZAG:THNK) Overvalued in 2026?

Based on GuruFocus' analysis, Tehnika DD stock appears to be undervalued. The current stock price of €13.00 is trading 55.7% below its estimated GF Value™ of €29.36. GuruFocus considers Tehnika DD to be Possible Value Trap.

Key valuation signals for ZAG:THNK:

  • E10: €-58.35
  • GF Value™: €29.36 vs. price of €13.00 (55.7% below fair value)
  • GF Score™: 49/100 with 5 warning signs

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


Tehnika DD Business Description

Address Ulica grada Vukovara 274, Zagreb, HRV, 10000
Tehnika DD operates in the engineering and construction industry in Croatia. The company is engaged in constructing high-rise buildings for business and public, residential architecture, educational facilities, catering facilities, hotels, and industrial facilities.
49GF Score

Get the complete analysis for ZAG:THNK

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

€13.00
Price
€29.36
GF Value