Q2 Holdings (FRA:0Q2) E10: €-1.17 (As of Mar. 2026)


FRA:0Q2 Q2 Holdings Inc FRA:0Q2
61 GF Score
Price €37.67
GF Value €55.86
Valuation Significantly Undervalued
! 4 Warning Signs
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What is Q2 Holdings E10?

Q2 Holdings FRA:0Q2 -2.91% 61 E10 is €-1.17 as of Mar. 2026. GuruFocus rates FRA:0Q2 with a GF Score™ of 61/100 and a GF Value™ of €55.86 (Significantly Undervalued). 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.

Q2 Holdings's adjusted earnings per share data for the three months ended in Mar. 2026 was €0.346. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €-1.17 for the trailing ten years ended in Mar. 2026.

During the past 3 years, the average E10 Growth Rate was 1.80% 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 Q2 Holdings was 1.80% per year. The lowest was 1.80% per year. And the median was 1.80% per year.

As of today (2026-06-28), Q2 Holdings's current stock price is €37.67. Q2 Holdings's E10 for the quarter that ended in Mar. 2026 was €-1.17. Q2 Holdings's Shiller PE Ratio of today is .


Q2 Holdings  (FRA:0Q2) 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.


Q2 Holdings E10 Related Terms


Q2 Holdings E10 Historical Data

* Premium members only.

The historical data trend for Q2 Holdings'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.

Q2 Holdings E10 Chart

Q2 Holdings 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 -1.38 -1.39 0.00 -1.23

Q2 Holdings 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 -1.43 -1.32 -1.28 -1.23 -1.17

FRA:0Q2 vs ADEA, BRZE, DBD: E10 Comparison

For the Software - Application subindustry, Q2 Holdings'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.


Q2 Holdings Shiller PE Ratio vs Software Industry

For the Software industry and Technology sector, Q2 Holdings's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Q2 Holdings's Shiller PE Ratio falls into.


FRA:0Q2
61GF Score
Q2 Holdings Inc FRA:0Q2
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Q2 Holdings 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, Q2 Holdings'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)
=0.346/330.2130*330.2130
=0.346

Current CPI (Mar. 2026) = 330.2130.

Q2 Holdings Quarterly Data

per share eps CPI Adj_EPS
201606 -0.223 241.018 -0.306
201609 -0.214 241.428 -0.293
201612 -0.180 241.432 -0.246
201703 -0.159 243.801 -0.215
201706 -0.169 244.955 -0.228
201709 -0.117 246.819 -0.157
201712 -0.110 246.524 -0.147
201803 -0.114 249.554 -0.151
201806 -0.171 251.989 -0.224
201809 -0.180 252.439 -0.235
201812 -0.237 251.233 -0.312
201903 -0.389 254.202 -0.505
201906 -0.345 256.143 -0.445
201909 -0.354 256.759 -0.455
201912 -0.288 256.974 -0.370
202003 -0.633 258.115 -0.810
202006 -0.675 257.797 -0.865
202009 -0.425 260.280 -0.539
202012 -0.567 260.474 -0.719
202103 -0.386 264.877 -0.481
202106 -0.440 271.696 -0.535
202109 -0.476 274.310 -0.573
202112 -0.398 278.802 -0.471
202203 -0.372 287.504 -0.427
202206 -0.416 296.311 -0.464
202209 -0.485 296.808 -0.540
202212 -0.529 296.797 -0.589
202303 -0.009 301.836 -0.010
202306 -0.378 305.109 -0.409
202309 -0.375 307.789 -0.402
202312 -0.284 306.746 -0.306
202403 -0.212 312.332 -0.224
202406 -0.204 314.175 -0.214
202409 -0.180 315.301 -0.189
202412 0.000 315.605 0.000
202503 0.065 319.799 0.067
202506 0.156 322.561 0.160
202509 0.196 324.800 0.199
202512 0.265 324.054 0.270
202603 0.346 330.213 0.346

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 €-1.17 mean?
Q2 Holdings (FRA:0Q2) has a E10 of €-1.17 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Q2 Holdings and its competitors.
Is Q2 Holdings' E10 too high?
Q2 Holdings' current E10 is €-1.17. Overall, Q2 Holdings has a GF Score™ of 61/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Q2 Holdings' E10 compare to ADEA and BRZE?
Q2 Holdings' E10 of €-1.17 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 Q2 Holdings and its competitors. Q2 Holdings's current E10 is €-1.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Q2 Holdings stock overvalued right now?
Based on GuruFocus' analysis, Q2 Holdings (FRA:0Q2) is currently considered Significantly Undervalued. The stock's GF Value™ is €55.86, compared to a current price of €37.67 — trading 32.6% below its estimated fair value. The current E10 is €-1.17. Q2 Holdings' overall GF Score™ is 61/100 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 Q2 Holdings (FRA:0Q2), the current E10 is €-1.17 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 Q2 Holdings (FRA:0Q2) Overvalued in 2026?

Based on GuruFocus' analysis, Q2 Holdings stock appears to be undervalued. The current stock price of €37.67 is trading 32.6% below its estimated GF Value™ of €55.86. GuruFocus considers Q2 Holdings to be Significantly Undervalued.

Key valuation signals for FRA:0Q2:

  • E10: €-1.17
  • GF Value™: €55.86 vs. price of €37.67 (32.6% below fair value)
  • GF Score™: 61/100 with 4 warning signs

No single metric tells the full story. See the FRA:0Q2 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Q2 Holdings Business Description

Other Exchanges QTWO:USAQTWO:Mexico
Address 10355 Pecan Park Boulevard, Austin, TX, USA, 78729
Q2 Holdings Inc provides digital solutions to financial institutions, financial technology companies, and alternative finance companies, seeking to incorporate banking into their customer engagement and servicing strategies. The company helps its clients with supervisory, consumer protection, privacy, third-party risk management requirements, and cyber threats and fraud, among other applications, by offering a portfolio of digital solutions, which comprises its digital banking offerings, digital lending and relationship pricing solutions, risk and fraud solutions, as well as Q2 Innovation Studio and Helix. Q2 derives the majority of its revenue from subscription fees for the use of its hosted solutions.
61GF Score

Get the complete analysis for FRA:0Q2

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

€37.67
Price
€55.86
GF Value