Globant (FRA:2G2) E10: €2.11 (As of Mar. 2026)


FRA:2G2 Globant SA FRA:2G2
81 GF Score
Price €24.08
GF Value €168.45
Valuation Significantly Undervalued
! 6 Warning Signs
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What is Globant E10?

Globant FRA:2G2 -1.63% 81 E10 is €2.11 as of Mar. 2026. GuruFocus rates FRA:2G2 with a GF Score™ of 81/100 and a GF Value™ of €168.45 (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 €0.735. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €2.11 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Globant's average E10 Growth Rate was 7.50% 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 (2026-06-27), Globant's current stock price is €24.08. Globant's E10 for the quarter that ended in Mar. 2026 was €2.11. Globant's Shiller PE Ratio of today is 11.41.

During the past 13 years, the highest Shiller PE Ratio of Globant was 171.38. The lowest was 12.36. And the median was 97.04.


Globant  (FRA:2G2) 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
=24.08/2.11
=11.41

* 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 12.36. And the median was 97.04.


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 1.42 1.71 2.11 2.07

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 2.08 1.95 2.01 2.07 2.11

FRA:2G2 vs CNXC, DXC, CLVT: 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.


FRA:2G2
81GF Score
Globant SA FRA:2G2
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)
=0.735/126.1800*126.1800
=0.735

Current CPI (Mar. 2026) = 126.1800.

Globant Quarterly Data

per share eps CPI Adj_EPS
201606 0.223 100.660 0.280
201609 0.241 100.750 0.302
201612 0.275 101.040 0.343
201703 0.234 101.780 0.290
201706 0.053 102.170 0.065
201709 0.185 102.520 0.228
201712 0.287 102.410 0.354
201803 0.227 102.900 0.278
201806 0.334 103.650 0.407
201809 0.360 104.580 0.434
201812 0.272 104.320 0.329
201903 0.283 105.140 0.340
201906 0.319 105.550 0.381
201909 0.363 105.900 0.433
201912 0.315 106.080 0.375
202003 0.317 106.040 0.377
202006 0.231 106.340 0.274
202009 0.255 106.620 0.302
202012 0.378 106.670 0.447
202103 0.445 108.140 0.519
202106 0.398 108.680 0.462
202109 0.510 109.470 0.588
202112 0.602 111.090 0.684
202203 0.781 114.780 0.859
202206 0.823 116.750 0.889
202209 0.848 117.000 0.915
202212 0.859 117.060 0.926
202303 0.785 118.910 0.833
202306 0.785 120.460 0.822
202309 0.918 121.740 0.951
202312 0.880 121.170 0.916
202403 0.938 122.590 0.965
202406 0.808 123.120 0.828
202409 0.883 123.300 0.904
202412 0.812 122.430 0.837
202503 0.629 124.210 0.639
202506 -0.043 125.820 -0.043
202509 0.622 126.570 0.620
202512 0.794 126.180 0.794
202603 0.735 126.180 0.735

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 €2.11 mean?
Globant (FRA:2G2) has a E10 of €2.11 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 €2.11. Overall, Globant has a GF Score™ of 81/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Globant's E10 compare to CNXC and DXC?
Globant's E10 of €2.11 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 €2.11. 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 (FRA:2G2) is currently considered Significantly Undervalued. The stock's GF Value™ is €168.45, compared to a current price of €24.08 — trading 85.7% below its estimated fair value. The current E10 is €2.11. Globant's overall GF Score™ is 81/100 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 (FRA:2G2), the current E10 is €2.11 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 (FRA:2G2) Overvalued in 2026?

Based on GuruFocus' analysis, Globant stock appears to be undervalued. The current stock price of €24.08 is trading 85.7% below its estimated GF Value™ of €168.45. GuruFocus considers Globant to be Significantly Undervalued.

Key valuation signals for FRA:2G2:

  • E10: €2.11
  • GF Value™: €168.45 vs. price of €24.08 (85.7% below fair value)
  • GF Score™: 81/100 with 6 warning signs

No single metric tells the full story. See the FRA:2G2 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.
81GF Score

Get the complete analysis for FRA:2G2

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

€24.08
Price
€168.45
GF Value