Adventure (FRA:6OQ) E10: €0.34 (As of Dec. 2025)

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.
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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:6OQ Adventure Inc FRA:6OQ
44 GF Score
Price €7.70
GF Value €22.72
! 4 Warning Signs
View Full Analysis

What is Adventure E10?

Adventure FRA:6OQ -1.28% 44 E10 is €0.34 as of Dec. 2025. GuruFocus rates FRA:6OQ with a GF Score™ of 44/100 and a GF Value™ of €22.72. 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.

Adventure's adjusted earnings per share data for the three months ended in Dec. 2025 was €0.109. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €0.34 for the trailing ten years ended in Dec. 2025.

During the past 12 months, Adventure's average E10 Growth Rate was -29.30% 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.

As of today (2026-07-17), Adventure's current stock price is €7.70. Adventure's E10 for the quarter that ended in Dec. 2025 was €0.34. Adventure's Shiller PE Ratio of today is 22.65.

During the past 12 years, the highest Shiller PE Ratio of Adventure was 59.16. The lowest was 15.95. And the median was 35.92.


Adventure  (FRA:6OQ) 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.

Adventure's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=7.70/0.34
=22.65

* 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 12 years, the highest Shiller P/E Ratio of Adventure was 59.16. The lowest was 15.95. And the median was 35.92.


Be Aware

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


Adventure E10 Related Terms


Adventure E10 Historical Data

* Premium members only.

The historical data trend for Adventure'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.

Adventure E10 Chart

Adventure 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 0.00 0.00 0.50 0.37

Adventure 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 0.63 0.37 0.38 0.34 0.00

FRA:6OQ vs BKNG, ABNB, RCL: E10 Comparison

For the Travel Services subindustry, Adventure'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.


Adventure Shiller PE Ratio vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Adventure's Shiller PE Ratio distribution charts can be found below:

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


FRA:6OQ
44GF Score
Adventure Inc FRA:6OQ
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Adventure 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, Adventure's adjusted earnings per share data for the three months ended in Dec. 2025 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=0.109/113.0000*113.0000
=0.109

Current CPI (Dec. 2025) = 113.0000.

Adventure Quarterly Data

per share eps CPI Adj_EPS
201603 0.068 97.900 0.078
201606 -0.010 98.100 -0.012
201609 0.110 98.000 0.127
201612 0.084 98.400 0.096
201703 0.065 98.100 0.075
201706 0.039 98.500 0.045
201709 0.098 98.800 0.112
201712 0.111 99.400 0.126
201803 0.096 99.200 0.109
201806 0.076 99.200 0.087
201809 0.328 99.900 0.371
201812 -0.078 99.700 -0.088
201903 0.326 99.700 0.369
201906 -0.382 99.800 -0.433
201909 0.221 100.100 0.249
201912 0.538 100.500 0.605
202003 0.043 100.300 0.048
202006 -0.710 99.900 -0.803
202009 0.318 99.900 0.360
202012 0.188 99.300 0.214
202103 0.330 99.900 0.373
202106 0.149 99.500 0.169
202109 0.390 100.100 0.440
202112 0.307 100.100 0.347
202203 0.326 101.100 0.364
202206 0.599 101.800 0.665
202209 0.759 103.100 0.832
202212 0.091 104.100 0.099
202303 0.515 104.400 0.557
202306 0.256 105.200 0.275
202309 0.342 106.200 0.364
202312 0.155 106.800 0.164
202403 0.258 107.200 0.272
202406 -0.166 108.200 -0.173
202409 0.417 108.900 0.433
202412 0.317 110.700 0.324
202503 0.300 111.100 0.305
202506 -2.374 111.700 -2.402
202509 0.220 112.000 0.222
202512 0.109 113.000 0.109

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 €0.34 mean?
Adventure (FRA:6OQ) has a E10 of €0.34 as of Dec. 2025. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Adventure and its competitors.
Is Adventure's E10 too high?
Adventure's current E10 is €0.34. Overall, Adventure has a GF Score™ of 44/100, reflecting its overall financial health beyond just this single metric.
How does Adventure's E10 compare to BKNG and ABNB?
Adventure's E10 of €0.34 can be compared against companies in the Travel & Leisure 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 Travel & Leisure company?
A good E10 depends on the Travel & Leisure 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 Adventure and its competitors. Adventure's current E10 is €0.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Adventure stock overvalued right now?
Adventure (FRA:6OQ) has a current E10 of €0.34. The stock's GF Value™ is €22.72, compared to a current price of €7.70 — trading 66.1% below its estimated fair value. The current E10 is €0.34. Adventure's overall GF Score™ is 44/100 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 Adventure (FRA:6OQ), the current E10 is €0.34 as of Dec. 2025. 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 Adventure (FRA:6OQ) Overvalued in 2026?

Based on GuruFocus' analysis, Adventure stock appears to be undervalued. The current stock price of €7.70 is trading 66.1% below its estimated GF Value™ of €22.72.

Key valuation signals for FRA:6OQ:

  • E10: €0.34
  • GF Value™: €22.72 vs. price of €7.70 (66.1% below fair value)
  • GF Score™: 44/100 with 4 warning signs

No single metric tells the full story. See the FRA:6OQ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Adventure Business Description

Other Exchanges 6030:Japan
Address 4-20-3 Ebisu, 24th Floor, Yebisu Garden Place Tower, Shibuya Ward, Tokyo, JPN, 150-6024
Adventure Inc engages in the provision of online travel services. It operates Skyticket and WANNATRIP website portals. The Skyticket website portal offers online ticket booking services for multiple airlines, both domestic and overseas. The WANNATRIP website portal offers package tours and cruise travel to various destinations.
44GF Score

Get the complete analysis for FRA:6OQ

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

€7.70
Price
€22.72
GF Value