Advenica AB (FRA:65R) E10: €-0.10 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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:65R Advenica AB FRA:65R
65 GF Score
Price €1.60
GF Value €1.22
Valuation Significantly Overvalued
! 3 Warning Signs
View Full Analysis

What is Advenica AB E10?

Advenica AB FRA:65R +1.65% 65 E10 is €-0.10 as of Mar. 2026. GuruFocus rates FRA:65R with a GF Score™ of 65/100 and a GF Value™ of €1.22 (Significantly Overvalued). The stock has 3 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.

Advenica AB's adjusted earnings per share data for the three months ended in Mar. 2026 was €-0.006. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €-0.10 for the trailing ten years ended in Mar. 2026.

During the past 3 years, the average E10 Growth Rate was 4.80% 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 Advenica AB was 4.80% per year. The lowest was 4.80% per year. And the median was 4.80% per year.

As of today (2026-07-16), Advenica AB's current stock price is €1.604. Advenica AB's E10 for the quarter that ended in Mar. 2026 was €-0.10. Advenica AB's Shiller PE Ratio of today is .


Advenica AB  (FRA:65R) 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.


Advenica AB E10 Related Terms


Advenica AB E10 Historical Data

* Premium members only.

The historical data trend for Advenica AB'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.

Advenica AB E10 Chart

Advenica AB 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 -0.09 -0.10 -0.09 -0.10

Advenica AB 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 -0.09 -0.10 -0.10 -0.10 -0.10

FRA:65R vs MSFT, ORCL, PLTR: E10 Comparison

For the Software - Infrastructure subindustry, Advenica AB'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.


Advenica AB Shiller PE Ratio vs Software Industry

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

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


FRA:65R
65GF Score
Advenica AB FRA:65R
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Advenica AB 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, Advenica AB'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)
=-0.006/133.5600*133.5600
=-0.006

Current CPI (Mar. 2026) = 133.5600.

Advenica AB Quarterly Data

per share eps CPI Adj_EPS
201606 -0.064 101.019 -0.085
201609 -0.061 101.138 -0.081
201612 -0.031 102.022 -0.041
201703 -0.027 102.022 -0.035
201706 -0.102 102.752 -0.133
201709 -0.077 103.279 -0.100
201712 0.030 103.793 0.039
201803 -0.085 103.962 -0.109
201806 0.006 104.875 0.008
201809 -0.095 105.679 -0.120
201812 -0.084 105.912 -0.106
201903 -0.047 105.886 -0.059
201906 0.001 106.742 0.001
201909 -0.105 107.214 -0.131
201912 -0.023 107.766 -0.029
202003 -0.014 106.563 -0.018
202006 -0.053 107.498 -0.066
202009 -0.024 107.635 -0.030
202012 0.013 108.296 0.016
202103 -0.046 108.360 -0.057
202106 -0.020 108.928 -0.025
202109 -0.020 110.338 -0.024
202112 0.036 112.486 0.043
202203 -0.016 114.825 -0.019
202206 -0.003 118.384 -0.003
202209 -0.006 122.296 -0.007
202212 0.020 126.365 0.021
202303 0.015 127.042 0.016
202306 -0.015 129.407 -0.015
202309 -0.015 130.224 -0.015
202312 0.009 131.912 0.009
202403 -0.003 132.205 -0.003
202406 0.011 132.716 0.011
202409 -0.006 132.304 -0.006
202412 0.013 132.987 0.013
202503 0.019 132.825 0.019
202506 0.022 133.699 0.022
202509 -0.006 133.480 -0.006
202512 -0.001 133.390 -0.001
202603 -0.006 133.560 -0.006

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 €-0.10 mean?
Advenica AB (FRA:65R) has a E10 of €-0.10 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Advenica AB and its competitors.
Is Advenica AB's E10 too high?
Advenica AB's current E10 is €-0.10. Overall, Advenica AB has a GF Score™ of 65/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Advenica AB's E10 compare to MSFT and ORCL?
Advenica AB's E10 of €-0.10 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 Advenica AB and its competitors. Advenica AB's current E10 is €-0.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Advenica AB stock overvalued right now?
Based on GuruFocus' analysis, Advenica AB (FRA:65R) is currently considered Significantly Overvalued. The stock's GF Value™ is €1.22, compared to a current price of €1.60 — trading 31.5% above its estimated fair value. The current E10 is €-0.10. Advenica AB's overall GF Score™ is 65/100 with 3 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 Advenica AB (FRA:65R), the current E10 is €-0.10 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 Advenica AB (FRA:65R) Overvalued in 2026?

Based on GuruFocus' analysis, Advenica AB stock appears to be overvalued. The current stock price of €1.60 is trading 31.5% above its estimated GF Value™ of €1.22. GuruFocus considers Advenica AB to be Significantly Overvalued.

Key valuation signals for FRA:65R:

  • E10: €-0.10
  • GF Value™: €1.22 vs. price of €1.60 (31.5% above fair value)
  • GF Score™: 65/100 with 3 warning signs

No single metric tells the full story. See the FRA:65R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Advenica AB Business Description

Other Exchanges ADVE:Sweden
Address Roskildevagen 1, Malmo, SWE, 211 47
Advenica AB is a Sweden based company involved in providing cyber security solutions in the areas of National Security, Public sector, Critical infrastructure, and Corporate. The product offerings of the company include Data Diodes, ZoneGuard, SecuriRAM, File Security Screener and Secure Remote Access among others.
65GF Score

Get the complete analysis for FRA:65R

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

€1.60
Price
€1.22
GF Value