Dnow (FRA:11N) E10: €-0.38 (As of Mar. 2026)


FRA:11N Dnow Inc FRA:11N
78 GF Score
Price €11.10
GF Value €13.34
Valuation Modestly Undervalued
! 3 Warning Signs
View Full Analysis

What is Dnow E10?

Dnow FRA:11N -0.89% 78 E10 is €-0.38 as of Mar. 2026. GuruFocus rates FRA:11N with a GF Score™ of 78/100 and a GF Value™ of €13.34 (Modestly Undervalued). The stock has 3 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.

Dnow's adjusted earnings per share data for the three months ended in Mar. 2026 was €-0.208. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €-0.38 for the trailing ten years ended in Mar. 2026.

During the past 3 years, the average E10 Growth Rate was 20.60% 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 Dnow was 20.60% per year. The lowest was 20.60% per year. And the median was 20.60% per year.

As of today (2026-07-11), Dnow's current stock price is €11.10. Dnow's E10 for the quarter that ended in Mar. 2026 was €-0.38. Dnow's Shiller PE Ratio of today is .


Dnow  (FRA:11N) 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.


Dnow E10 Related Terms


Dnow E10 Historical Data

* Premium members only.

The historical data trend for Dnow'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.

Dnow E10 Chart

Dnow 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 -0.92 -0.88 -1.00 -0.42

Dnow 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 -0.97 -0.92 -0.60 -0.42 -0.38

FRA:11N vs DXPE, GIC, DSGR: E10 Comparison

For the Industrial Distribution subindustry, Dnow'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.


Dnow Shiller PE Ratio vs Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, Dnow's Shiller PE Ratio distribution charts can be found below:

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


FRA:11N
78GF Score
Dnow Inc FRA:11N
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Dnow 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, Dnow'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)
=-0.208/330.2130*330.2130
=-0.208

Current CPI (Mar. 2026) = 330.2130.

Dnow Quarterly Data

per share eps CPI Adj_EPS
201606 -0.356 241.018 -0.488
201609 -0.472 241.428 -0.646
201612 -0.626 241.432 -0.856
201703 -0.196 243.801 -0.265
201706 -0.142 244.955 -0.191
201709 -0.067 246.819 -0.090
201712 -0.025 246.524 -0.033
201803 0.016 249.554 0.021
201806 0.103 251.989 0.135
201809 0.154 252.439 0.201
201812 0.123 251.233 0.162
201903 0.142 254.202 0.184
201906 0.106 256.143 0.137
201909 0.082 256.759 0.105
201912 -1.143 256.974 -1.469
202003 -2.742 258.115 -3.508
202006 -0.240 257.797 -0.307
202009 -0.170 260.280 -0.216
202012 -0.329 260.474 -0.417
202103 -0.076 264.877 -0.095
202106 -0.017 271.696 -0.021
202109 0.043 274.310 0.052
202112 0.097 278.802 0.115
202203 0.245 287.504 0.281
202206 0.218 296.311 0.243
202209 0.354 296.808 0.394
202212 0.264 296.797 0.294
202303 0.262 301.836 0.287
202306 0.286 305.109 0.310
202309 0.300 307.789 0.322
202312 1.238 306.746 1.333
202403 0.175 312.332 0.185
202406 0.195 314.175 0.205
202409 0.108 315.301 0.113
202412 0.201 315.605 0.210
202503 0.176 319.799 0.182
202506 0.199 322.561 0.204
202509 0.196 324.800 0.199
202512 -0.811 324.054 -0.826
202603 -0.208 330.213 -0.208

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 €-0.38 mean?
Dnow (FRA:11N) has a E10 of €-0.38 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Dnow and its competitors.
Is Dnow's E10 too high?
Dnow's current E10 is €-0.38. Overall, Dnow has a GF Score™ of 78/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Dnow's E10 compare to DXPE and GIC?
Dnow's E10 of €-0.38 can be compared against companies in the Industrial Distribution 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 Industrial Distribution company?
A good E10 depends on the Industrial Distribution 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 Dnow and its competitors. Dnow's current E10 is €-0.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dnow stock overvalued right now?
Based on GuruFocus' analysis, Dnow (FRA:11N) is currently considered Modestly Undervalued. The stock's GF Value™ is €13.34, compared to a current price of €11.10 — trading 16.8% below its estimated fair value. The current E10 is €-0.38. Dnow's overall GF Score™ is 78/100 with 3 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 Dnow (FRA:11N), the current E10 is €-0.38 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 Dnow (FRA:11N) Overvalued in 2026?

Based on GuruFocus' analysis, Dnow stock appears to be undervalued. The current stock price of €11.10 is trading 16.8% below its estimated GF Value™ of €13.34. GuruFocus considers Dnow to be Modestly Undervalued.

Key valuation signals for FRA:11N:

  • E10: €-0.38
  • GF Value™: €13.34 vs. price of €11.10 (16.8% below fair value)
  • GF Score™: 78/100 with 3 warning signs

No single metric tells the full story. See the FRA:11N stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Dnow Business Description

Other Exchanges DNOW:USADNOW:Mexico0K9J:UK
Address 7402 North Eldridge Parkway, Houston, TX, USA, 77041
Dnow Inc is a provider of energy and industrial solutions and a distributor of pipe, valves, and fittings (PVF) and pumps, as well as fabrication, assembly, and testing of process and production equipment. It provides a broad mix of products required to build and maintain essential infrastructure and operating equipment across upstream, midstream, gas utilities, downstream, energy transition, and industrial markets, along with value-added supply chain solutions and technical product expertise supported by digital offerings through its DigitalNOW and MRCGO e-commerce platforms. The company operates mainly under the DNOW and MRC brands and has three reportable segments: the United States, which generates the majority of revenue, Canada, and International.
78GF Score

Get the complete analysis for FRA:11N

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

€11.10
Price
€13.34
GF Value