Associated Banc-Corp (FRA:AB5) E10: €1.81 (As of Mar. 2026)


FRA:AB5 Associated Banc-Corp FRA:AB5
65 GF Score
Price €26.40
GF Value €25.32
Valuation Fairly Valued
! 5 Warning Signs
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What is Associated Banc-Corp E10?

Associated Banc-Corp FRA:AB5 +3.12% 65 E10 is €1.81 as of Mar. 2026. GuruFocus rates FRA:AB5 with a GF Score™ of 65/100 and a GF Value™ of €25.32 (Fairly Valued). The stock has 5 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.

Associated Banc-Corp's adjusted earnings per share data for the three months ended in Mar. 2026 was €0.605. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €1.81 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Associated Banc-Corp's average E10 Growth Rate was 10.30% per year. During the past 3 years, the average E10 Growth Rate was 3.10% per year. During the past 5 years, the average E10 Growth Rate was 6.60% per year. During the past 10 years, the average E10 Growth Rate was 10.60% 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 Associated Banc-Corp was 25.50% per year. The lowest was -12.90% per year. And the median was 6.60% per year.

As of today (2026-07-03), Associated Banc-Corp's current stock price is €26.40. Associated Banc-Corp's E10 for the quarter that ended in Mar. 2026 was €1.81. Associated Banc-Corp's Shiller PE Ratio of today is 14.59.

During the past 13 years, the highest Shiller PE Ratio of Associated Banc-Corp was 36.52. The lowest was 7.51. And the median was 13.17.


Associated Banc-Corp  (FRA:AB5) 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.

Associated Banc-Corp's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=26.40/1.81
=14.59

* 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 Associated Banc-Corp was 36.52. The lowest was 7.51. And the median was 13.17.


Be Aware

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


Associated Banc-Corp E10 Related Terms


Associated Banc-Corp E10 Historical Data

* Premium members only.

The historical data trend for Associated Banc-Corp'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.

Associated Banc-Corp E10 Chart

Associated Banc-Corp 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 1.48 1.78 1.75 1.79 1.76

Associated Banc-Corp 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 1.77 1.68 1.73 1.76 1.81

FRA:AB5 vs HOMB, AUB, HWC: E10 Comparison

For the Banks - Regional subindustry, Associated Banc-Corp'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.


Associated Banc-Corp Shiller PE Ratio vs Banks Industry

For the Banks industry and Financial Services sector, Associated Banc-Corp's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Associated Banc-Corp's Shiller PE Ratio falls into.


FRA:AB5
65GF Score
Associated Banc-Corp FRA:AB5
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Associated Banc-Corp 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, Associated Banc-Corp'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)
=0.605/330.2130*330.2130
=0.605

Current CPI (Mar. 2026) = 330.2130.

Associated Banc-Corp Quarterly Data

per share eps CPI Adj_EPS
201606 0.276 241.018 0.378
201609 0.303 241.428 0.414
201612 0.322 241.432 0.440
201703 0.327 243.801 0.443
201706 0.320 244.955 0.431
201709 0.344 246.819 0.460
201712 0.262 246.524 0.351
201803 0.324 249.554 0.429
201806 0.428 251.989 0.561
201809 0.411 252.439 0.538
201812 0.448 251.233 0.589
201903 0.443 254.202 0.575
201906 0.434 256.143 0.560
201909 0.445 256.759 0.572
201912 0.387 256.974 0.497
202003 0.244 258.115 0.312
202006 0.835 257.797 1.070
202009 0.221 260.280 0.280
202012 0.329 260.474 0.417
202103 0.487 264.877 0.607
202106 0.465 271.696 0.565
202109 0.476 274.310 0.573
202112 0.434 278.802 0.514
202203 0.427 287.504 0.490
202206 0.530 296.311 0.591
202209 0.626 296.808 0.696
202212 0.661 296.797 0.735
202303 0.616 301.836 0.674
202306 0.517 305.109 0.560
202309 0.497 307.789 0.533
202312 -0.578 306.746 -0.622
202403 0.478 312.332 0.505
202406 0.687 314.175 0.722
202409 0.505 315.301 0.529
202412 -0.993 315.605 -1.039
202503 0.546 319.799 0.564
202506 0.564 322.561 0.577
202509 0.622 324.800 0.632
202512 0.683 324.054 0.696
202603 0.605 330.213 0.605

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 €1.81 mean?
Associated Banc-Corp (FRA:AB5) has a E10 of €1.81 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Associated Banc-Corp and its competitors.
Is Associated Banc-Corp's E10 too high?
Associated Banc-Corp's current E10 is €1.81. Overall, Associated Banc-Corp has a GF Score™ of 65/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Associated Banc-Corp's E10 compare to HOMB and AUB?
Associated Banc-Corp's E10 of €1.81 can be compared against companies in the Banks 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 Banks company?
A good E10 depends on the Banks 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 Associated Banc-Corp and its competitors. Associated Banc-Corp's current E10 is €1.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Associated Banc-Corp stock overvalued right now?
Based on GuruFocus' analysis, Associated Banc-Corp (FRA:AB5) is currently considered Fairly Valued. The stock's GF Value™ is €25.32, compared to a current price of €26.40 — trading 4.3% above its estimated fair value. The current E10 is €1.81. Associated Banc-Corp's overall GF Score™ is 65/100 with 5 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 Associated Banc-Corp (FRA:AB5), the current E10 is €1.81 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 Associated Banc-Corp (FRA:AB5) Overvalued in 2026?

Based on GuruFocus' analysis, Associated Banc-Corp stock appears to be overvalued. The current stock price of €26.40 is trading 4.3% above its estimated GF Value™ of €25.32. GuruFocus considers Associated Banc-Corp to be Fairly Valued.

Key valuation signals for FRA:AB5:

  • E10: €1.81
  • GF Value™: €25.32 vs. price of €26.40 (4.3% above fair value)
  • GF Score™: 65/100 with 5 warning signs

No single metric tells the full story. See the FRA:AB5 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Associated Banc-Corp Business Description

Address 433 Main Street, Green Bay, WI, USA, 54301
Associated Banc-Corp is a bank holding company based in the United States of America. The company, through its subsidiaries, provides a broad array of banking and non-banking products and services to individuals and businesses. The group operates in three reportable segments: Corporate and Commercial Specialty; Community, Consumer, and Business; and Risk Management and Shared Services. The majority of its revenue is derived from the Corporate and Commercial Specialty segment, which serves a wide range of customers, including larger businesses, developers, not-for-profits, municipalities, and financial institutions by providing lending and deposit solutions as well as support to deliver, fund, and manage such banking solutions.
65GF Score

Get the complete analysis for FRA:AB5

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

€26.40
Price
€25.32
GF Value