Globant (BSP:G1LO34) E10: R$0.59 (As of Mar. 2026)

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Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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:G1LO34 Globant SA BSP:G1LO34
61 GF Score
Price R$8.27
GF Value R$56.28
Valuation Significantly Undervalued
! 6 Warning Signs
View Full Analysis

What is Globant E10?

Globant BSP:G1LO34 61 E10 is R$0.59 as of Mar. 2026. GuruFocus rates BSP:G1LO34 with a GF Score™ of 61/100 and a GF Value™ of R$56.28 (Significantly Undervalued). The stock has 6 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.

Globant's adjusted earnings per share data for the three months ended in Mar. 2026 was R$0.222. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is R$0.59 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Globant's average E10 Growth Rate was 8.40% per year. During the past 3 years, the average E10 Growth Rate was 15.70% 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 Globant was 15.70% per year. The lowest was 15.70% per year. And the median was 15.70% per year.

As of today (2026-07-15), Globant's current stock price is R$8.27. Globant's E10 for the quarter that ended in Mar. 2026 was R$0.59. Globant's Shiller PE Ratio of today is 14.02.

During the past 13 years, the highest Shiller PE Ratio of Globant was 171.38. The lowest was 12.23. And the median was 96.64.


Globant  (BSP:G1LO34) 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.

Globant's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=8.27/0.59
=14.02

* 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 Globant was 171.38. The lowest was 12.23. And the median was 96.64.


Be Aware

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


Globant E10 Related Terms


Globant E10 Historical Data

* Premium members only.

The historical data trend for Globant'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.

Globant E10 Chart

Globant 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 0.69 0.67

Globant 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 0.65 0.62 0.65 0.67 0.59

BSP:G1LO34 vs CLVT, SHAZ, DXC: E10 Comparison

For the Information Technology Services subindustry, Globant'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.


Globant Shiller PE Ratio vs Software Industry

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

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


BSP:G1LO34
61GF Score
Globant SA BSP:G1LO34
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Globant 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, Globant'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)
=0.222/127.1600*127.1600
=0.222

Current CPI (Mar. 2026) = 127.1600.

Globant Quarterly Data

per share eps CPI Adj_EPS
201606 0.043 100.660 0.054
201609 0.044 100.750 0.056
201612 0.049 101.040 0.062
201703 0.039 101.780 0.049
201706 0.010 102.170 0.012
201709 0.034 102.520 0.042
201712 0.056 102.410 0.070
201803 0.046 102.900 0.057
201806 0.074 103.650 0.091
201809 0.086 104.580 0.105
201812 0.060 104.320 0.073
201903 0.061 105.140 0.074
201906 0.069 105.550 0.083
201909 0.082 105.900 0.098
201912 0.072 106.080 0.086
202003 0.086 106.040 0.103
202006 0.067 106.340 0.080
202009 0.081 106.620 0.097
202012 0.118 106.670 0.141
202103 0.149 108.140 0.175
202106 0.121 108.680 0.142
202109 0.158 109.470 0.184
202112 0.192 111.090 0.220
202203 0.214 114.780 0.237
202206 0.220 116.750 0.240
202209 0.220 117.000 0.239
202212 0.239 117.060 0.260
202303 0.219 118.910 0.234
202306 0.206 120.460 0.217
202309 0.242 121.740 0.253
202312 0.235 121.170 0.247
202403 0.254 122.590 0.263
202406 0.234 123.120 0.242
202409 0.271 123.300 0.279
202412 0.259 122.430 0.269
202503 0.196 124.210 0.201
202506 -0.014 125.820 -0.014
202509 0.196 126.570 0.197
202512 0.254 126.180 0.256
202603 0.222 127.160 0.222

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$0.59 mean?
Globant (BSP:G1LO34) has a E10 of R$0.59 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Globant and its competitors.
Is Globant's E10 too high?
Globant's current E10 is R$0.59. Overall, Globant has a GF Score™ of 61/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Globant's E10 compare to CLVT and SHAZ?
Globant's E10 of R$0.59 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 Globant and its competitors. Globant's current E10 is R$0.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Globant stock overvalued right now?
Based on GuruFocus' analysis, Globant (BSP:G1LO34) is currently considered Significantly Undervalued. The stock's GF Value™ is R$56.28, compared to a current price of R$8.27 — trading 85.3% below its estimated fair value. The current E10 is R$0.59. Globant's overall GF Score™ is 61/100 with 6 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 Globant (BSP:G1LO34), the current E10 is R$0.59 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 Globant (BSP:G1LO34) Overvalued in 2026?

Based on GuruFocus' analysis, Globant stock appears to be undervalued. The current stock price of R$8.27 is trading 85.3% below its estimated GF Value™ of R$56.28. GuruFocus considers Globant to be Significantly Undervalued.

Key valuation signals for BSP:G1LO34:

  • E10: R$0.59
  • GF Value™: R$56.28 vs. price of R$8.27 (85.3% below fair value)
  • GF Score™: 61/100 with 6 warning signs

No single metric tells the full story. See the BSP:G1LO34 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Globant Business Description

Address 37A, Avenue J.F. Kennedy, Luxembourg, LUX, L-1855
Globant is a next-generation IT services company that primarily assists clients with their digital transformation efforts by creating customized software for them. The company was founded in 2003 in Argentina but is currently headquartered in Luxembourg and primarily serves clients in the US and Latin America. Globant's client base is relatively concentrated in the media and entertainment and financial services industries.
61GF Score

Get the complete analysis for BSP:G1LO34

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

R$8.27
Price
R$56.28
GF Value