Associated Capital Group (FRA:41J) E10: €0.72 (As of Mar. 2026)


FRA:41J Associated Capital Group Inc FRA:41J
50 GF Score
Price €29.60
GF Value €66.98
! 4 Warning Signs
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What is Associated Capital Group E10?

Associated Capital Group FRA:41J -5.73% 50 E10 is €0.72 as of Mar. 2026. GuruFocus rates FRA:41J with a GF Score™ of 50/100 and a GF Value™ of €66.98. 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.

Associated Capital Group's adjusted earnings per share data for the three months ended in Mar. 2026 was €-0.035. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €0.72 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Associated Capital Group's average E10 Growth Rate was 39.00% 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 (2026-07-08), Associated Capital Group's current stock price is €29.60. Associated Capital Group's E10 for the quarter that ended in Mar. 2026 was €0.72. Associated Capital Group's Shiller PE Ratio of today is 41.11.

During the past 13 years, the highest Shiller PE Ratio of Associated Capital Group was 124.93. The lowest was 43.59. And the median was 64.53.


Associated Capital Group  (FRA:41J) 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.

Associated Capital Group's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=29.60/0.72
=41.11

* 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 Associated Capital Group was 124.93. The lowest was 43.59. And the median was 64.53.


Be Aware

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


Associated Capital Group E10 Related Terms


Associated Capital Group E10 Historical Data

* Premium members only.

The historical data trend for Associated Capital Group'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.

Associated Capital Group E10 Chart

Associated Capital Group 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 0.31 0.44 0.69

Associated Capital Group 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 0.55 0.58 0.67 0.69 0.72

FRA:41J vs GCMG, MYI, CGBD: E10 Comparison

For the Asset Management subindustry, Associated Capital Group'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.


Associated Capital Group Shiller PE Ratio vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Associated Capital Group's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Associated Capital Group's Shiller PE Ratio falls into.


FRA:41J
50GF Score
Associated Capital Group Inc FRA:41J
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
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Associated Capital Group 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, Associated Capital Group'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)
=-0.035/330.2130*330.2130
=-0.035

Current CPI (Mar. 2026) = 330.2130.

Associated Capital Group Quarterly Data

per share eps CPI Adj_EPS
201606 0.036 241.018 0.049
201609 0.143 241.428 0.196
201612 0.142 241.432 0.194
201703 -0.514 243.801 -0.696
201706 0.169 244.955 0.228
201709 0.050 246.819 0.067
201712 0.566 246.524 0.758
201803 -0.770 249.554 -1.019
201806 0.437 251.989 0.573
201809 -0.274 252.439 -0.358
201812 -1.556 251.233 -2.045
201903 0.903 254.202 1.173
201906 -0.035 256.143 -0.045
201909 0.236 256.759 0.304
201912 0.441 256.974 0.567
202003 -2.959 258.115 -3.786
202006 1.394 257.797 1.786
202009 0.221 260.280 0.280
202012 1.882 260.474 2.386
202103 0.697 264.877 0.869
202106 1.112 271.696 1.351
202109 0.060 274.310 0.072
202112 0.381 278.802 0.451
202203 -0.663 287.504 -0.761
202206 -1.287 296.311 -1.434
202209 -0.758 296.808 -0.843
202212 0.585 296.797 0.651
202303 0.757 301.836 0.828
202306 0.138 305.109 0.149
202309 -0.001 307.789 -0.001
202312 0.697 306.746 0.750
202403 0.589 312.332 0.623
202406 0.130 314.175 0.137
202409 0.982 315.301 1.028
202412 0.191 315.605 0.200
202503 0.333 319.799 0.344
202506 0.763 322.561 0.781
202509 0.630 324.800 0.640
202512 0.436 324.054 0.444
202603 -0.035 330.213 -0.035

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 €0.72 mean?
Associated Capital Group (FRA:41J) has a E10 of €0.72 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Associated Capital Group and its competitors.
Is Associated Capital Group's E10 too high?
Associated Capital Group's current E10 is €0.72. Overall, Associated Capital Group has a GF Score™ of 50/100, reflecting its overall financial health beyond just this single metric.
How does Associated Capital Group's E10 compare to GCMG and MYI?
Associated Capital Group's E10 of €0.72 can be compared against companies in the Asset Management 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 Asset Management company?
A good E10 depends on the Asset Management 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 Associated Capital Group and its competitors. Associated Capital Group's current E10 is €0.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Associated Capital Group stock overvalued right now?
Associated Capital Group (FRA:41J) has a current E10 of €0.72. The stock's GF Value™ is €66.98, compared to a current price of €29.60 — trading 55.8% below its estimated fair value. The current E10 is €0.72. Associated Capital Group's overall GF Score™ is 50/100 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 Associated Capital Group (FRA:41J), the current E10 is €0.72 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 Associated Capital Group (FRA:41J) Overvalued in 2026?

Based on GuruFocus' analysis, Associated Capital Group stock appears to be undervalued. The current stock price of €29.60 is trading 55.8% below its estimated GF Value™ of €66.98.

Key valuation signals for FRA:41J:

  • E10: €0.72
  • GF Value™: €66.98 vs. price of €29.60 (55.8% below fair value)
  • GF Score™: 50/100 with 4 warning signs

No single metric tells the full story. See the FRA:41J stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Associated Capital Group Business Description

Other Exchanges ACGP:USA
Address 191 Mason Street, Greenwich, CT, USA, 06830
Associated Capital Group Inc is a diversified financial services company. It operates in the business of alternative investment management, institutional research services, and cash and other assets through subsidiaries. The company principally manages assets across a range of risk and event arbitrage portfolios and in equity event-driven value strategies. The business earns management and incentive fees from its advisory activities. It manages assets on a discretionary basis and invests in a variety of U.S. and foreign securities, mainly in the developed global markets. The firm serves a wide variety of investors globally, including private wealth management clients, corporations, corporate pension and profit-sharing plans, foundations and endowments.
50GF Score

Get the complete analysis for FRA:41J

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

€29.60
Price
€66.98
GF Value