Research Solutions (FRA:61I) E10: €-0.05 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
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:61I Research Solutions Inc FRA:61I
69 GF Score
Price €1.86
GF Value €2.32
Valuation Modestly Undervalued
! 4 Warning Signs
View Full Analysis

What is Research Solutions E10?

Research Solutions FRA:61I +0.54% 69 E10 is €-0.05 as of Mar. 2026. GuruFocus rates FRA:61I with a GF Score™ of 69/100 and a GF Value™ of €2.32 (Modestly Undervalued). 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.

Research Solutions's adjusted earnings per share data for the three months ended in Mar. 2026 was €0.026. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €-0.05 for the trailing ten years ended in Mar. 2026.

During the past 3 years, the average E10 Growth Rate was -5.30% 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 Research Solutions was -5.30% per year. The lowest was -5.30% per year. And the median was -5.30% per year.

As of today (2026-07-21), Research Solutions's current stock price is €1.86. Research Solutions's E10 for the quarter that ended in Mar. 2026 was €-0.05. Research Solutions's Shiller PE Ratio of today is .


Research Solutions  (FRA:61I) 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.


Research Solutions E10 Related Terms


Research Solutions E10 Historical Data

* Premium members only.

The historical data trend for Research Solutions'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.

Research Solutions E10 Chart

Research Solutions Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 -0.06 -0.05 -0.07 -0.06

Research Solutions 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 -0.07 -0.06 -0.05 -0.05 -0.05

FRA:61I vs ILLR, FRMM, AEYE: E10 Comparison

For the Software - Application subindustry, Research Solutions'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.


Research Solutions Shiller PE Ratio vs Software Industry

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

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


FRA:61I
69GF Score
Research Solutions Inc FRA:61I
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Research Solutions 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, Research Solutions'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)
=0.026/330.2130*330.2130
=0.026

Current CPI (Mar. 2026) = 330.2130.

Research Solutions Quarterly Data

per share eps CPI Adj_EPS
201606 0.000 241.018 0.000
201609 -0.018 241.428 -0.025
201612 -0.038 241.432 -0.052
201703 -0.028 243.801 -0.038
201706 -0.018 244.955 -0.024
201709 -0.034 246.819 -0.045
201712 -0.025 246.524 -0.033
201803 -0.008 249.554 -0.011
201806 0.000 251.989 0.000
201809 -0.009 252.439 -0.012
201812 -0.026 251.233 -0.034
201903 -0.004 254.202 -0.005
201906 0.000 256.143 0.000
201909 -0.003 256.759 -0.004
201912 -0.027 256.974 -0.035
202003 0.000 258.115 0.000
202006 0.000 257.797 0.000
202009 0.000 260.280 0.000
202012 -0.008 260.474 -0.010
202103 0.002 264.877 0.002
202106 0.000 271.696 0.000
202109 -0.009 274.310 -0.011
202112 -0.018 278.802 -0.021
202203 -0.009 287.504 -0.010
202206 -0.009 296.311 -0.010
202209 0.010 296.808 0.011
202212 -0.009 296.797 -0.010
202303 0.009 301.836 0.010
202306 0.009 305.109 0.010
202309 -0.037 307.789 -0.040
202312 0.000 306.746 0.000
202403 0.000 312.332 0.000
202406 -0.093 314.175 -0.098
202409 0.018 315.301 0.019
202412 -0.067 315.605 -0.070
202503 0.009 319.799 0.009
202506 0.069 322.561 0.071
202509 0.017 324.800 0.017
202512 0.017 324.054 0.017
202603 0.026 330.213 0.026

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 €-0.05 mean?
Research Solutions (FRA:61I) has a E10 of €-0.05 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Research Solutions and its competitors.
Is Research Solutions' E10 too high?
Research Solutions' current E10 is €-0.05. Overall, Research Solutions has a GF Score™ of 69/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Research Solutions' E10 compare to ILLR and FRMM?
Research Solutions' E10 of €-0.05 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 Research Solutions and its competitors. Research Solutions's current E10 is €-0.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Research Solutions stock overvalued right now?
Based on GuruFocus' analysis, Research Solutions (FRA:61I) is currently considered Modestly Undervalued. The stock's GF Value™ is €2.32, compared to a current price of €1.86 — trading 19.8% below its estimated fair value. The current E10 is €-0.05. Research Solutions' overall GF Score™ is 69/100 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 Research Solutions (FRA:61I), the current E10 is €-0.05 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 Research Solutions (FRA:61I) Overvalued in 2026?

Based on GuruFocus' analysis, Research Solutions stock appears to be undervalued. The current stock price of €1.86 is trading 19.8% below its estimated GF Value™ of €2.32. GuruFocus considers Research Solutions to be Modestly Undervalued.

Key valuation signals for FRA:61I:

  • E10: €-0.05
  • GF Value™: €2.32 vs. price of €1.86 (19.8% below fair value)
  • GF Score™: 69/100 with 4 warning signs

No single metric tells the full story. See the FRA:61I stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Research Solutions Business Description

Other Exchanges RSSS:USA
Address 10624 E. Eastern Avenue, Suite A-614, Henderson, NV, USA, 89052
Research Solutions Inc is a holding company. The company provides vertical software-as-a-service ("SaaS") and artificial intelligence ("AI") solutions, providing software and related services to help research-intensive organizations simplify the research process, save time, and money. The company operates in a single segment, which derives its revenue from subscription fees from its cloud-based SaaS Platforms and transactional service fees for the electronic delivery of single articles. The company generates the majority of its revenue from the Transactions. Geographically, the company generates the majority of its revenue from the United States, followed by Europe.
69GF Score

Get the complete analysis for FRA:61I

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

€1.86
Price
€2.32
GF Value