Sphere 3D (FRA:8S30) E10: €-2,974.49 (As of Mar. 2026)


FRA:8S30 Sphere 3D Corp FRA:8S30
56 GF Score
Price €2.64
GF Value €2.70
Valuation Fairly Valued
! 4 Warning Signs
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What is Sphere 3D E10?

Sphere 3D FRA:8S30 -6.38% 56 E10 is €-2,974.49 as of Mar. 2026. GuruFocus rates FRA:8S30 with a GF Score™ of 56/100 and a GF Value™ of €2.70 (Fairly Valued). 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.

Sphere 3D's adjusted earnings per share data for the three months ended in Mar. 2026 was €-1.021. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €-2,974.49 for the trailing ten years ended in Mar. 2026.

During the past 3 years, the average E10 Growth Rate was 20.20% per year. During the past 5 years, the average E10 Growth Rate was 8.80% 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 Sphere 3D was 20.20% per year. The lowest was -4.10% per year. And the median was -2.60% per year.

As of today (2026-06-25), Sphere 3D's current stock price is €2.64. Sphere 3D's E10 for the quarter that ended in Mar. 2026 was €-2,974.49. Sphere 3D's Shiller PE Ratio of today is .


Sphere 3D  (FRA:8S30) 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.


Sphere 3D E10 Related Terms


Sphere 3D E10 Historical Data

* Premium members only.

The historical data trend for Sphere 3D'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.

Sphere 3D E10 Chart

Sphere 3D 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 -4,989.69 -5,861.07 -5,599.50 -5,003.78 -3,086.60

Sphere 3D 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 -4,859.97 -3,919.96 -3,433.07 -3,086.60 -2,974.49

FRA:8S30 vs NCPL, MEGL, ITEX: E10 Comparison

For the Capital Markets subindustry, Sphere 3D'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.


Sphere 3D Shiller PE Ratio vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Sphere 3D's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Sphere 3D's Shiller PE Ratio falls into.


FRA:8S30
56GF Score
Sphere 3D Corp FRA:8S30
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Sphere 3D 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, Sphere 3D'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)
=-1.021/330.2130*330.2130
=-1.021

Current CPI (Mar. 2026) = 330.2130.

Sphere 3D Quarterly Data

per share eps CPI Adj_EPS
201606 -2,422.224 241.018 -3,318.631
201609 -10,528.056 241.428 -14,399.742
201612 -1,858.080 241.432 -2,541.346
201703 -1,309.000 243.801 -1,772.958
201706 -902.104 244.955 -1,216.086
201709 -277.206 246.819 -370.867
201712 -520.520 246.524 -697.224
201803 -403.635 249.554 -534.095
201806 -210.918 251.989 -276.392
201809 -151.775 252.439 -198.535
201812 -261.502 251.233 -343.710
201903 -50.799 254.202 -65.989
201906 -44.604 256.143 -57.502
201909 6.356 256.759 8.174
201912 -31.500 256.974 -40.478
202003 -17.738 258.115 -22.693
202006 -25.486 257.797 -32.645
202009 -10.103 260.280 -12.818
202012 -9.782 260.474 -12.401
202103 -15.876 264.877 -19.792
202106 -11.039 271.696 -13.417
202109 -4.165 274.310 -5.014
202112 -9.392 278.802 -11.124
202203 -14.619 287.504 -16.791
202206 -40.773 296.311 -45.438
202209 -21.614 296.808 -24.047
202212 -115.923 296.797 -128.975
202303 -3.176 301.836 -3.475
202306 -4.061 305.109 -4.395
202309 -4.685 307.789 -5.026
202312 -5.869 306.746 -6.318
202403 -2.484 312.332 -2.626
202406 0.929 314.175 0.976
202409 0.045 315.301 0.047
202412 -3.419 315.605 -3.577
202503 -2.988 319.799 -3.085
202506 0.520 322.561 0.532
202509 -1.278 324.800 -1.299
202512 -2.793 324.054 -2.846
202603 -1.021 330.213 -1.021

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 €-2,974.49 mean?
Sphere 3D (FRA:8S30) has a E10 of €-2,974.49 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Sphere 3D and its competitors.
Is Sphere 3D's E10 too high?
Sphere 3D's current E10 is €-2,974.49. Overall, Sphere 3D has a GF Score™ of 56/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Sphere 3D's E10 compare to NCPL and MEGL?
Sphere 3D's E10 of €-2,974.49 can be compared against companies in the Capital Markets 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 Capital Markets company?
A good E10 depends on the Capital Markets 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 Sphere 3D and its competitors. Sphere 3D's current E10 is €-2,974.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sphere 3D stock overvalued right now?
Based on GuruFocus' analysis, Sphere 3D (FRA:8S30) is currently considered Fairly Valued. The stock's GF Value™ is €2.70, compared to a current price of €2.64 — trading 2.2% below its estimated fair value. The current E10 is €-2,974.49. Sphere 3D's overall GF Score™ is 56/100 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 Sphere 3D (FRA:8S30), the current E10 is €-2,974.49 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 Sphere 3D (FRA:8S30) Overvalued in 2026?

Based on GuruFocus' analysis, Sphere 3D stock appears to be undervalued. The current stock price of €2.64 is trading 2.2% below its estimated GF Value™ of €2.70. GuruFocus considers Sphere 3D to be Fairly Valued.

Key valuation signals for FRA:8S30:

  • E10: €-2,974.49
  • GF Value™: €2.70 vs. price of €2.64 (2.2% below fair value)
  • GF Score™: 56/100 with 4 warning signs

No single metric tells the full story. See the FRA:8S30 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Sphere 3D Business Description

Other Exchanges ANY:USA
Address 243 Tresser Boulevard, 17th Floor, Stamford, CT, USA, 06901
Sphere 3D Corp is engaged in the Bitcoin mining business. The company has established an enterprise-scale mining operation through the procurement of mining equipment and partnering with experienced service providers. It generates revenue from mining and selling Bitcoin.
56GF Score

Get the complete analysis for FRA:8S30

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

€2.64
Price
€2.70
GF Value