BTCS (FRA:36C) E10: €-0.02 (As of Mar. 2026)


FRA:36C BTCS SA FRA:36C
11 GF Score
Price €0.84
GF Value €0.04
Valuation Significantly Overvalued
! 10 Warning Signs
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What is BTCS E10?

BTCS FRA:36C -1.18% 11 E10 is €-0.02 as of Mar. 2026. GuruFocus rates FRA:36C with a GF Score™ of 11/100 and a GF Value™ of €0.04 (Significantly Overvalued). The stock has 10 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.

BTCS's adjusted earnings per share data for the three months ended in Mar. 2026 was €-0.058. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €-0.02 for the trailing ten years ended in Mar. 2026.

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 (2026-07-04), BTCS's current stock price is €0.835. BTCS's E10 for the quarter that ended in Mar. 2026 was €-0.02. BTCS's Shiller PE Ratio of today is .


BTCS  (FRA:36C) 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.


BTCS E10 Related Terms


BTCS E10 Historical Data

* Premium members only.

The historical data trend for BTCS'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.

BTCS E10 Chart

BTCS 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 0.00 0.00

BTCS 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 0.00 0.00 0.00 0.00 -0.02

FRA:36C vs SNDK, DELL, STX: E10 Comparison

For the Computer Hardware subindustry, BTCS'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.


BTCS Shiller PE Ratio vs Hardware Industry

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

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


FRA:36C
11GF Score
BTCS SA FRA:36C
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

BTCS 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, BTCS'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)
=-0.058/163.0700*163.0700
=-0.058

Current CPI (Mar. 2026) = 163.0700.

BTCS Quarterly Data

per share eps CPI Adj_EPS
201606 -0.001 99.552 -0.002
201609 0.000 99.064 0.000
201612 0.003 100.366 0.005
201703 -0.008 101.018 -0.013
201706 -0.006 101.180 -0.010
201709 -0.005 101.343 -0.008
201712 0.006 102.564 0.010
201803 -0.001 102.564 -0.002
201806 -0.003 103.378 -0.005
201809 -0.008 103.378 -0.013
201812 -0.025 103.785 -0.039
201903 -0.002 104.274 -0.003
201906 -0.007 105.983 -0.011
201909 -0.002 105.983 -0.003
201912 -0.007 107.123 -0.011
202003 0.004 109.076 0.006
202006 0.006 109.402 0.009
202009 0.003 109.320 0.004
202012 0.000 109.565 0.000
202103 0.004 112.658 0.006
202106 0.008 113.960 0.011
202109 0.001 115.588 0.001
202112 0.002 119.088 0.003
202203 0.000 125.031 0.000
202206 -0.005 131.705 -0.006
202209 -0.001 135.531 -0.001
202212 -0.007 139.113 -0.008
202303 0.000 145.950 0.000
202306 -0.006 147.009 -0.007
202309 -0.001 146.113 -0.001
202312 -0.022 147.741 -0.024
202403 0.001 149.044 0.001
202406 0.000 150.997 0.000
202409 -0.001 153.439 -0.001
202412 -0.001 154.660 -0.001
202503 -0.007 157.021 -0.007
202506 -0.034 157.509 -0.035
202509 0.019 158.000 0.020
202512 0.001 158.320 0.001
202603 -0.058 163.070 -0.058

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 €-0.02 mean?
BTCS (FRA:36C) has a E10 of €-0.02 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on BTCS and its competitors.
Is BTCS's E10 too high?
BTCS's current E10 is €-0.02. Overall, BTCS has a GF Score™ of 11/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does BTCS's E10 compare to SNDK and DELL?
BTCS's E10 of €-0.02 can be compared against companies in the Hardware 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 Hardware company?
A good E10 depends on the Hardware 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 BTCS and its competitors. BTCS's current E10 is €-0.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BTCS stock overvalued right now?
Based on GuruFocus' analysis, BTCS (FRA:36C) is currently considered Significantly Overvalued. The stock's GF Value™ is €0.04, compared to a current price of €0.84 — trading 1987.5% above its estimated fair value. The current E10 is €-0.02. BTCS's overall GF Score™ is 11/100 with 10 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 BTCS (FRA:36C), the current E10 is €-0.02 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 BTCS (FRA:36C) Overvalued in 2026?

Based on GuruFocus' analysis, BTCS stock appears to be overvalued. The current stock price of €0.84 is trading 1987.5% above its estimated GF Value™ of €0.04. GuruFocus considers BTCS to be Significantly Overvalued.

Key valuation signals for FRA:36C:

  • E10: €-0.02
  • GF Value™: €0.04 vs. price of €0.84 (1987.5% above fair value)
  • GF Score™: 11/100 with 10 warning signs

No single metric tells the full story. See the FRA:36C stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


BTCS Business Description

Other Exchanges BTF:Poland
Address Plac Powstancow Warszawy 2, Warszawa, POL, 00-030
BTCS SA is engaged in building and operating validation infrastructure for blockchain networks. The company operates validator nodes and building blocks, while also offering tools such as Builder+ and NodeOps to make blockchain participation easier.
11GF Score

Get the complete analysis for FRA:36C

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

€0.84
Price
€0.04
GF Value