BlackLine (BSP:B2LN34) E10: R$-0.17 (As of Jun. 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.
Reviewed by: Charlie Tian Charlie Tian
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.

BSP:B2LN34 BlackLine Inc BSP:B2LN34
36 GF Score
Price R$12.73
GF Value R$28.26
Valuation Possible Value Trap
! 5 Warning Signs
View Full Analysis

What is BlackLine E10?

BlackLine BSP:B2LN34 36 E10 is R$-0.17 as of Jun. 2026. GuruFocus rates BSP:B2LN34 with a GF Score™ of 36/100 and a GF Value™ of R$28.26 (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.

BlackLine's adjusted earnings per share data for the three months ended in Jun. 2026 was R$1.384. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is R$-0.17 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 (2026-08-13), BlackLine's current stock price is R$12.73. BlackLine's E10 for the quarter that ended in Jun. 2026 was R$-0.17. BlackLine's Shiller PE Ratio of today is .


BlackLine  (BSP:B2LN34) 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.


BlackLine E10 Related Terms


BlackLine E10 Historical Data

* Premium members only.

The historical data trend for BlackLine'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.

BlackLine E10 Chart

BlackLine 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 0.00 0.00 0.00

BlackLine 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 0.00 0.00 0.00 0.00 -0.17

BSP:B2LN34 vs QNT, WRD, BVC: E10 Comparison

For the Software - Application subindustry, BlackLine'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.


BlackLine Shiller PE Ratio vs Software Industry

For the Software industry and Technology sector, BlackLine's Shiller PE Ratio distribution charts can be found below:

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


BSP:B2LN34
36GF Score
BlackLine Inc BSP:B2LN34
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

BlackLine 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, BlackLine'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)
=1.384/333.9520*333.9520
=1.384

Current CPI (Jun. 2026) = 333.9520.

BlackLine Quarterly Data

per share eps CPI Adj_EPS
201609 -0.436 241.428 -0.603
201612 -1.107 241.432 -1.531
201703 -0.469 243.801 -0.642
201706 -0.593 244.955 -0.808
201709 -0.720 246.819 -0.974
201712 -0.362 246.524 -0.490
201803 -0.426 249.554 -0.570
201806 -0.603 251.989 -0.799
201809 -0.329 252.439 -0.435
201812 -0.544 251.233 -0.723
201903 -0.615 254.202 -0.808
201906 -0.386 256.143 -0.503
201909 -0.700 256.759 -0.910
201912 -0.657 256.974 -0.854
202003 -1.124 258.115 -1.454
202006 -0.778 257.797 -1.008
202009 -0.810 260.280 -1.039
202012 -1.543 260.474 -1.978
202103 -3.776 264.877 -4.761
202106 -2.213 271.696 -2.720
202109 -1.214 274.310 -1.478
202112 -3.563 278.802 -4.268
202203 -0.846 287.504 -0.983
202206 -0.909 296.311 -1.024
202209 -1.783 296.808 -2.006
202212 0.944 296.797 1.062
202303 -1.042 301.836 -1.153
202306 2.184 305.109 2.390
202309 0.938 307.789 1.018
202312 1.568 306.746 1.707
202403 0.847 312.332 0.906
202406 1.185 314.175 1.260
202409 1.495 315.301 1.583
202412 4.820 315.605 5.100
202503 0.576 319.799 0.601
202506 0.721 322.561 0.746
202509 0.483 324.800 0.497
202512 0.436 324.054 0.449
202603 0.680 330.213 0.688
202606 1.384 333.952 1.384

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 R$-0.17 mean?
BlackLine (BSP:B2LN34) has a E10 of R$-0.17 as of Jun. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on BlackLine and its competitors.
Is BlackLine's E10 too high?
BlackLine's current E10 is R$-0.17. Overall, BlackLine has a GF Score™ of 36/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does BlackLine's E10 compare to QNT and WRD?
BlackLine's E10 of R$-0.17 can be compared against companies in the Software 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 Software company?
A good E10 depends on the Software 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 BlackLine and its competitors. BlackLine's current E10 is R$-0.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BlackLine stock overvalued right now?
Based on GuruFocus' analysis, BlackLine (BSP:B2LN34) is currently considered Possible Value Trap. The stock's GF Value™ is R$28.26, compared to a current price of R$12.73 — trading 55% below its estimated fair value. The current E10 is R$-0.17. BlackLine's overall GF Score™ is 36/100 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 BlackLine (BSP:B2LN34), the current E10 is R$-0.17 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 BlackLine (BSP:B2LN34) Overvalued in 2026?

Based on GuruFocus' analysis, BlackLine stock appears to be undervalued. The current stock price of R$12.73 is trading 55% below its estimated GF Value™ of R$28.26. GuruFocus considers BlackLine to be Possible Value Trap.

Key valuation signals for BSP:B2LN34:

  • E10: R$-0.17
  • GF Value™: R$28.26 vs. price of R$12.73 (55% below fair value)
  • GF Score™: 36/100 with 5 warning signs

No single metric tells the full story. See the BSP:B2LN34 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


BlackLine Business Description

Other Exchanges BL:USABL:Mexico02B:Germany
Address 21300 Victory Boulevard, 12th Floor, Woodland Hills, CA, USA, 91367
BlackLine Inc is engaged in providing financial accounting close solutions delivered as Software as a Service (SaaS). The Company's solutions enable its customers to address various aspects of their critical processes, including financial close & consolidation, intercompany accounting, and invoice-to-cash. The majority of the revenue of the company is earned in the United States.
36GF Score

Get the complete analysis for BSP:B2LN34

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

R$12.73
Price
R$28.26
GF Value