iFAST (FRA:1O3) E10: €0.08 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
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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
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.

FRA:1O3 iFAST Corp Ltd FRA:1O3
95 GF Score
Price €6.30
GF Value €8.13
Valuation Modestly Undervalued
! 6 Warning Signs
View Full Analysis

What is iFAST E10?

iFAST FRA:1O3 +1.61% 95 E10 is €0.08 as of Mar. 2026. GuruFocus rates FRA:1O3 with a GF Score™ of 95/100 and a GF Value™ of €8.13 (Modestly 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.

iFAST's adjusted earnings per share data for the three months ended in Mar. 2026 was €0.061. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €0.08 for the trailing ten years ended in Mar. 2026.

During the past 12 months, iFAST's average E10 Growth Rate was 50.00% 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.

As of today (2026-07-18), iFAST's current stock price is €6.30. iFAST's E10 for the quarter that ended in Mar. 2026 was €0.08. iFAST's Shiller PE Ratio of today is 78.75.

During the past 13 years, the highest Shiller PE Ratio of iFAST was 141.17. The lowest was 71.92. And the median was 97.13.


iFAST  (FRA:1O3) 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.

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

Shiller PE Ratio=Share Price/E10
=6.30/0.08
=78.75

* 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 iFAST was 141.17. The lowest was 71.92. And the median was 97.13.


Be Aware

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


iFAST E10 Related Terms


iFAST E10 Historical Data

* Premium members only.

The historical data trend for iFAST'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.

iFAST E10 Chart

iFAST 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 0.04 0.05 0.07

iFAST 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 0.05 0.06 0.06 0.07 0.08

FRA:1O3 vs UBER, SHOP, CRM: E10 Comparison

For the Software - Application subindustry, iFAST'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.


iFAST Shiller PE Ratio vs Software Industry

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

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


FRA:1O3
95GF Score
iFAST Corp Ltd FRA:1O3
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

iFAST 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, iFAST'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)
=0.061/330.2130*330.2130
=0.061

Current CPI (Mar. 2026) = 330.2130.

iFAST Quarterly Data

per share eps CPI Adj_EPS
201606 0.003 241.018 0.004
201609 0.005 241.428 0.007
201612 0.003 241.432 0.004
201703 0.005 243.801 0.007
201706 0.005 244.955 0.007
201709 0.005 246.819 0.007
201712 0.004 246.524 0.005
201803 0.006 249.554 0.008
201806 0.007 251.989 0.009
201809 0.006 252.439 0.008
201812 0.006 251.233 0.008
201903 0.004 254.202 0.005
201906 0.006 256.143 0.008
201909 0.006 256.759 0.008
201912 0.007 256.974 0.009
202003 0.008 258.115 0.010
202006 0.010 257.797 0.013
202009 0.014 260.280 0.018
202012 0.015 260.474 0.019
202103 0.019 264.877 0.024
202106 0.015 271.696 0.018
202109 0.017 274.310 0.020
202112 0.016 278.802 0.019
202203 0.013 287.504 0.015
202206 -0.006 296.311 -0.007
202209 0.005 296.808 0.006
202212 0.003 296.797 0.003
202303 0.007 301.836 0.008
202306 0.008 305.109 0.009
202309 0.019 307.789 0.020
202312 0.030 306.746 0.032
202403 0.033 312.332 0.035
202406 0.036 314.175 0.038
202409 0.038 315.301 0.040
202412 0.044 315.605 0.046
202503 0.043 319.799 0.044
202506 0.049 322.561 0.050
202509 0.056 324.800 0.057
202512 0.070 324.054 0.071
202603 0.061 330.213 0.061

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 €0.08 mean?
iFAST (FRA:1O3) has a E10 of €0.08 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on iFAST and its competitors.
Is iFAST's E10 too high?
iFAST's current E10 is €0.08. Overall, iFAST has a GF Score™ of 95/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does iFAST's E10 compare to UBER and SHOP?
iFAST's E10 of €0.08 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 iFAST and its competitors. iFAST's current E10 is €0.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is iFAST stock overvalued right now?
Based on GuruFocus' analysis, iFAST (FRA:1O3) is currently considered Modestly Undervalued. The stock's GF Value™ is €8.13, compared to a current price of €6.30 — trading 22.5% below its estimated fair value. The current E10 is €0.08. iFAST's overall GF Score™ is 95/100 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 iFAST (FRA:1O3), the current E10 is €0.08 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 iFAST (FRA:1O3) Overvalued in 2026?

Based on GuruFocus' analysis, iFAST stock appears to be undervalued. The current stock price of €6.30 is trading 22.5% below its estimated GF Value™ of €8.13. GuruFocus considers iFAST to be Modestly Undervalued.

Key valuation signals for FRA:1O3:

  • E10: €0.08
  • GF Value™: €8.13 vs. price of €6.30 (22.5% below fair value)
  • GF Score™: 95/100 with 6 warning signs

No single metric tells the full story. See the FRA:1O3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


iFAST Business Description

Other Exchanges AIY:Singapore
Address 10 Collyer Quay, No. 26-01, Ocean Financial Centre, Singapore, SGP, 049315
iFAST Corp Ltd is an investment holding company. It is engaged in the development of software, marketing of unit trusts, exchange-traded funds, listed stocks, debt securities, and Singapore government securities through websites and acting as an investment advisor, dealer, and custodian in the securities, portfolio management, pension administrative services, trust services, and banking services. The company operates through geographic segments: Singapore, Hong Kong, Malaysia, the United Kingdom, and China. The Hong Kong region generates maximum revenue for the company. The company receives the majority of revenue in the form of commissions and fees.
95GF Score

Get the complete analysis for FRA:1O3

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

€6.30
Price
€8.13
GF Value