Ardmore Shipping (FRA:A61) E10: €0.71 (As of Jun. 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:A61 Ardmore Shipping Corp FRA:A61
75 GF Score
Price €14.12
GF Value €11.06
Valuation Modestly Overvalued
! 3 Warning Signs
View Full Analysis

What is Ardmore Shipping E10?

Ardmore Shipping FRA:A61 -3.88% 75 E10 is €0.71 as of Jun. 2026. GuruFocus rates FRA:A61 with a GF Score™ of 75/100 and a GF Value™ of €11.06 (Modestly 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.

Ardmore Shipping's adjusted earnings per share data for the three months ended in Jun. 2026 was €1.285. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €0.71 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Ardmore Shipping's average E10 Growth Rate was 16.20% per year. During the past 3 years, the average E10 Growth Rate was 108.00% 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 Ardmore Shipping was 108.00% per year. The lowest was 108.00% per year. And the median was 108.00% per year.

As of today (2026-08-07), Ardmore Shipping's current stock price is €14.12. Ardmore Shipping's E10 for the quarter that ended in Jun. 2026 was €0.71. Ardmore Shipping's Shiller PE Ratio of today is 19.89.

During the past 13 years, the highest Shiller PE Ratio of Ardmore Shipping was 262.14. The lowest was 12.67. And the median was 27.20.


Ardmore Shipping  (FRA:A61) 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.

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

Shiller PE Ratio=Share Price/E10
=14.12/0.71
=19.89

* 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 Ardmore Shipping was 262.14. The lowest was 12.67. And the median was 27.20.


Be Aware

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


Ardmore Shipping E10 Related Terms


Ardmore Shipping E10 Historical Data

* Premium members only.

The historical data trend for Ardmore Shipping'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.

Ardmore Shipping E10 Chart

Ardmore Shipping 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 -0.26 0.06 0.34 0.65 0.55

Ardmore Shipping Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 0.59 0.55 0.55 0.57 0.71

FRA:A61 vs SB, ESEA, PANL: E10 Comparison

For the Marine Shipping subindustry, Ardmore Shipping'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.


Ardmore Shipping Shiller PE Ratio vs Transportation Industry

For the Transportation industry and Industrials sector, Ardmore Shipping's Shiller PE Ratio distribution charts can be found below:

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


FRA:A61
75GF Score
Ardmore Shipping Corp FRA:A61
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ardmore Shipping 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, Ardmore Shipping's adjusted earnings per share data for the three months ended in Jun. 2026 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=1.285/333.9520*333.9520
=1.285

Current CPI (Jun. 2026) = 333.9520.

Ardmore Shipping Quarterly Data

per share eps CPI Adj_EPS
201609 -0.125 241.428 -0.173
201612 -0.104 241.432 -0.144
201703 -0.056 243.801 -0.077
201706 -0.053 244.955 -0.072
201709 -0.117 246.819 -0.158
201712 -0.101 246.524 -0.137
201803 -0.130 249.554 -0.174
201806 -0.223 251.989 -0.296
201809 -0.317 252.439 -0.419
201812 -0.448 251.233 -0.596
201903 -0.248 254.202 -0.326
201906 -0.266 256.143 -0.347
201909 -0.154 256.759 -0.200
201912 0.054 256.974 0.070
202003 0.181 258.115 0.234
202006 0.364 257.797 0.472
202009 -0.170 260.280 -0.218
202012 -0.485 260.474 -0.622
202103 -0.218 264.877 -0.275
202106 -0.199 271.696 -0.245
202109 -0.315 274.310 -0.383
202112 -0.221 278.802 -0.265
202203 -0.209 287.504 -0.243
202206 0.766 296.311 0.863
202209 1.535 296.808 1.727
202212 1.208 296.797 1.359
202303 0.971 301.836 1.074
202306 0.526 305.109 0.576
202309 0.459 307.789 0.498
202312 0.578 306.746 0.629
202403 0.846 312.332 0.905
202406 1.366 314.175 1.452
202409 0.496 315.301 0.525
202412 0.115 315.605 0.122
202503 0.129 319.799 0.135
202506 0.191 322.561 0.198
202509 0.256 324.800 0.263
202512 0.196 324.054 0.202
202603 0.502 330.213 0.508
202606 1.285 333.952 1.285

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 €0.71 mean?
Ardmore Shipping (FRA:A61) has a E10 of €0.71 as of Jun. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Ardmore Shipping and its competitors.
Is Ardmore Shipping's E10 too high?
Ardmore Shipping's current E10 is €0.71. Overall, Ardmore Shipping has a GF Score™ of 75/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ardmore Shipping's E10 compare to SB and ESEA?
Ardmore Shipping's E10 of €0.71 can be compared against companies in the Transportation 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 Transportation company?
A good E10 depends on the Transportation 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 Ardmore Shipping and its competitors. Ardmore Shipping's current E10 is €0.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ardmore Shipping stock overvalued right now?
Based on GuruFocus' analysis, Ardmore Shipping (FRA:A61) is currently considered Modestly Overvalued. The stock's GF Value™ is €11.06, compared to a current price of €14.12 — trading 27.7% above its estimated fair value. The current E10 is €0.71. Ardmore Shipping's overall GF Score™ is 75/100 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 Ardmore Shipping (FRA:A61), the current E10 is €0.71 as of Jun. 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 Ardmore Shipping (FRA:A61) Overvalued in 2026?

Based on GuruFocus' analysis, Ardmore Shipping stock appears to be overvalued. The current stock price of €14.12 is trading 27.7% above its estimated GF Value™ of €11.06. GuruFocus considers Ardmore Shipping to be Modestly Overvalued.

Key valuation signals for FRA:A61:

  • E10: €0.71
  • GF Value™: €11.06 vs. price of €14.12 (27.7% above fair value)
  • GF Score™: 75/100 with 3 warning signs

No single metric tells the full story. See the FRA:A61 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Ardmore Shipping Business Description

Other Exchanges ASC:USAA61:Germany
Address 7 Church Street, Dorchester House, Hamilton, BMU, HM11
Ardmore Shipping Corp provides seaborne transportation of petroleum products and chemicals world-wide to oil majors, national oil companies, oil and chemical traders, and chemical companies, with its modern, fuel-efficient fleet of mid-size product and chemical tankers. The company markets its services directly to its customers and commercial pool operators and charters its vessels to them through a combination of spot, commercial pooling, and time-charter arrangements. The majority of its revenue is generated from spot voyages, which typically last less than three months.
75GF Score

Get the complete analysis for FRA:A61

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

€14.12
Price
€11.06
GF Value