Reach Subsea ASA (FRA:4RS) E10: €0.02 (As of Mar. 2026)


FRA:4RS Reach Subsea ASA FRA:4RS
81 GF Score
Price €0.45
GF Value €0.57
Valuation Modestly Undervalued
! 7 Warning Signs
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What is Reach Subsea ASA E10?

Reach Subsea ASA FRA:4RS -0.77% 81 E10 is €0.02 as of Mar. 2026. GuruFocus rates FRA:4RS with a GF Score™ of 81/100 and a GF Value™ of €0.57 (Modestly Undervalued). The stock has 7 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.

Reach Subsea ASA's adjusted earnings per share data for the three months ended in Mar. 2026 was €-0.052. 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.

During the past 12 months, Reach Subsea ASA's average E10 Growth Rate was -12.50% per year. During the past 3 years, the average E10 Growth Rate was 68.70% 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 Reach Subsea ASA was 93.00% per year. The lowest was -50.70% per year. And the median was 68.70% per year.

As of today (2026-06-29), Reach Subsea ASA's current stock price is €0.4495. Reach Subsea ASA's E10 for the quarter that ended in Mar. 2026 was €0.02. Reach Subsea ASA's Shiller PE Ratio of today is 22.48.

During the past 13 years, the highest Shiller PE Ratio of Reach Subsea ASA was 148.33. The lowest was 0.91. And the median was 32.87.


Reach Subsea ASA  (FRA:4RS) 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.

Reach Subsea ASA's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=0.4495/0.02
=22.48

* 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 Reach Subsea ASA was 148.33. The lowest was 0.91. And the median was 32.87.


Be Aware

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


Reach Subsea ASA E10 Related Terms


Reach Subsea ASA E10 Historical Data

* Premium members only.

The historical data trend for Reach Subsea ASA'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.

Reach Subsea ASA E10 Chart

Reach Subsea ASA 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 0.01 0.02 0.02

Reach Subsea ASA 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 0.02 0.02 0.02 0.02 0.02

FRA:4RS vs SLB, BKR, HAL: E10 Comparison

For the Oil & Gas Equipment & Services subindustry, Reach Subsea ASA'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.


Reach Subsea ASA Shiller PE Ratio vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Reach Subsea ASA's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Reach Subsea ASA's Shiller PE Ratio falls into.


FRA:4RS
81GF Score
Reach Subsea ASA FRA:4RS
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Reach Subsea ASA 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, Reach Subsea ASA'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)
=-0.052/139.1000*139.1000
=-0.052

Current CPI (Mar. 2026) = 139.1000.

Reach Subsea ASA Quarterly Data

per share eps CPI Adj_EPS
201606 0.004 103.800 0.005
201609 -0.009 104.200 -0.012
201612 -0.006 104.400 -0.008
201703 -0.012 105.000 -0.016
201706 -0.008 105.800 -0.011
201709 0.002 105.900 0.003
201712 -0.007 106.100 -0.009
201803 -0.014 107.300 -0.018
201806 0.007 108.500 0.009
201809 0.017 109.500 0.022
201812 -0.003 109.800 -0.004
201903 -0.014 110.400 -0.018
201906 0.003 110.600 0.004
201909 0.003 111.100 0.004
201912 -0.017 111.300 -0.021
202003 -0.019 111.200 -0.024
202006 0.018 112.100 0.022
202009 0.021 112.900 0.026
202012 0.009 112.900 0.011
202103 0.008 114.600 0.010
202106 0.011 115.300 0.013
202109 0.030 117.500 0.036
202112 0.015 118.900 0.018
202203 -0.024 119.800 -0.028
202206 0.017 122.600 0.019
202209 0.023 125.600 0.025
202212 0.006 125.900 0.007
202303 0.001 127.600 0.001
202306 0.029 130.400 0.031
202309 0.023 129.800 0.025
202312 0.016 131.900 0.017
202403 0.002 132.600 0.002
202406 0.026 133.800 0.027
202409 0.025 133.700 0.026
202412 0.006 134.800 0.006
202503 0.015 136.100 0.015
202506 0.019 137.800 0.019
202509 0.010 138.500 0.010
202512 -0.015 139.100 -0.015
202603 -0.052 139.100 -0.052

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?
Reach Subsea ASA (FRA:4RS) 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 Reach Subsea ASA and its competitors.
Is Reach Subsea ASA's E10 too high?
Reach Subsea ASA's current E10 is €0.02. Overall, Reach Subsea ASA has a GF Score™ of 81/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Reach Subsea ASA's E10 compare to SLB and BKR?
Reach Subsea ASA's E10 of €0.02 can be compared against companies in the Oil & Gas 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 Oil & Gas company?
A good E10 depends on the Oil & Gas 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 Reach Subsea ASA and its competitors. Reach Subsea ASA'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 Reach Subsea ASA stock overvalued right now?
Based on GuruFocus' analysis, Reach Subsea ASA (FRA:4RS) is currently considered Modestly Undervalued. The stock's GF Value™ is €0.57, compared to a current price of €0.45 — trading 21.1% below its estimated fair value. The current E10 is €0.02. Reach Subsea ASA's overall GF Score™ is 81/100 with 7 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 Reach Subsea ASA (FRA:4RS), 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 Reach Subsea ASA (FRA:4RS) Overvalued in 2026?

Based on GuruFocus' analysis, Reach Subsea ASA stock appears to be undervalued. The current stock price of €0.45 is trading 21.1% below its estimated GF Value™ of €0.57. GuruFocus considers Reach Subsea ASA to be Modestly Undervalued.

Key valuation signals for FRA:4RS:

  • E10: €0.02
  • GF Value™: €0.57 vs. price of €0.45 (21.1% below fair value)
  • GF Score™: 81/100 with 7 warning signs

No single metric tells the full story. See the FRA:4RS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Reach Subsea ASA Business Description

Industry EnergyOil & Gas
Address Mollervegen 6, Haugesund, NOR, 5525
Reach Subsea ASA is a Norwegian subsea service provider. The services provided by the company include vessel fleet which comprises of edda fonn which is used for survey and light construction services, havila subsea, normand reach for complex offshore operations, viking neptun for cable installation and heavy lifting, and stril explorer. It two reportable segments namely Oil and Gas and Renewable and others. The company generates maximum revenue from the Oil and Gas segment. Geographically, the company has operated multiple regions, including Brazil, the U.S Gulf, the Caribbean, the Atlantic, the Mediterranean, West Africa including Ivory Coast, the Baltic, the Middle East, and the Asia-Pacific region, covering Singapore, Taiwan, Japan, Australia and Oceania.
81GF Score

Get the complete analysis for FRA:4RS

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

€0.45
Price
€0.57
GF Value