Riot Platforms (FRA:AP4N) E10: €-1.94 (As of Jun. 2026)

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FRA:AP4N Riot Platforms Inc FRA:AP4N
73 GF Score
Price €16.51
GF Value €12.24
Valuation Significantly Overvalued
! 4 Warning Signs
View Full Analysis

What is Riot Platforms E10?

Riot Platforms FRA:AP4N +1.96% 73 E10 is €-1.94 as of Jun. 2026. GuruFocus rates FRA:AP4N with a GF Score™ of 73/100 and a GF Value™ of €12.24 (Significantly Overvalued). 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.

Riot Platforms's adjusted earnings per share data for the three months ended in Jun. 2026 was €-0.590. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €-1.94 for the trailing ten years ended in Jun. 2026.

During the past 3 years, the average E10 Growth Rate was 13.70% per year. During the past 5 years, the average E10 Growth Rate was 29.70% per year. During the past 10 years, the average E10 Growth Rate was 32.80% 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 Riot Platforms was 47.80% per year. The lowest was 5.20% per year. And the median was 18.45% per year.

As of today (2026-08-20), Riot Platforms's current stock price is €16.508. Riot Platforms's E10 for the quarter that ended in Jun. 2026 was €-1.94. Riot Platforms's Shiller PE Ratio of today is .


Riot Platforms  (FRA:AP4N) 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.


Riot Platforms E10 Related Terms


Riot Platforms E10 Historical Data

* Premium members only.

The historical data trend for Riot Platforms'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.

Riot Platforms E10 Chart

Riot Platforms 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 -4.86 -2.81 -2.49 -2.04 -1.74

Riot Platforms 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 -1.64 -1.56 -1.74 -1.86 -1.94

FRA:AP4N vs XP, SNEX, WULF: E10 Comparison

For the Capital Markets subindustry, Riot Platforms'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.


Riot Platforms Shiller PE Ratio vs Capital Markets Industry

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

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


FRA:AP4N
73GF Score
Riot Platforms Inc FRA:AP4N
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Riot Platforms 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, Riot Platforms'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)
=-0.59/333.9520*333.9520
=-0.590

Current CPI (Jun. 2026) = 333.9520.

Riot Platforms Quarterly Data

per share eps CPI Adj_EPS
201609 -0.383 241.428 -0.530
201612 -0.512 241.432 -0.708
201703 -0.888 243.801 -1.216
201706 -0.231 244.955 -0.315
201709 -0.822 246.819 -1.112
201712 -0.946 246.524 -1.281
201803 -1.095 249.554 -1.465
201806 -1.549 251.989 -2.053
201809 -0.394 252.439 -0.521
201812 -0.677 251.233 -0.900
201903 -0.832 254.202 -1.093
201906 -0.071 256.143 -0.093
201909 -0.073 256.759 -0.095
201912 -0.081 256.974 -0.105
202003 -0.136 258.115 -0.176
202006 -0.275 257.797 -0.356
202009 -0.034 260.280 -0.044
202012 0.099 260.474 0.127
202103 0.076 264.877 0.096
202106 0.183 271.696 0.225
202109 -0.136 274.310 -0.166
202112 -0.266 278.802 -0.319
202203 0.281 287.504 0.326
202206 -2.564 296.311 -2.890
202209 -0.212 296.808 -0.239
202212 -0.982 296.797 -1.105
202303 0.103 301.836 0.114
202306 -0.148 305.109 -0.162
202309 -0.412 307.789 -0.447
202312 0.229 306.746 0.249
202403 0.745 312.332 0.797
202406 -0.297 314.175 -0.316
202409 -0.487 315.301 -0.516
202412 0.378 315.605 0.400
202503 -0.832 319.799 -0.869
202506 0.503 322.561 0.521
202509 0.222 324.800 0.228
202512 -1.734 324.054 -1.787
202603 -1.246 330.213 -1.260
202606 -0.590 333.952 -0.590

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 €-1.94 mean?
Riot Platforms (FRA:AP4N) has a E10 of €-1.94 as of Jun. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Riot Platforms and its competitors.
Is Riot Platforms' E10 too high?
Riot Platforms' current E10 is €-1.94. Overall, Riot Platforms has a GF Score™ of 73/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Riot Platforms' E10 compare to XP and SNEX?
Riot Platforms' E10 of €-1.94 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 Riot Platforms and its competitors. Riot Platforms's current E10 is €-1.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Riot Platforms stock overvalued right now?
Based on GuruFocus' analysis, Riot Platforms (FRA:AP4N) is currently considered Significantly Overvalued. The stock's GF Value™ is €12.24, compared to a current price of €16.51 — trading 34.9% above its estimated fair value. The current E10 is €-1.94. Riot Platforms' overall GF Score™ is 73/100 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 Riot Platforms (FRA:AP4N), the current E10 is €-1.94 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 Riot Platforms (FRA:AP4N) Overvalued in 2026?

Based on GuruFocus' analysis, Riot Platforms stock appears to be overvalued. The current stock price of €16.51 is trading 34.9% above its estimated GF Value™ of €12.24. GuruFocus considers Riot Platforms to be Significantly Overvalued.

Key valuation signals for FRA:AP4N:

  • E10: €-1.94
  • GF Value™: €12.24 vs. price of €16.51 (34.9% above fair value)
  • GF Score™: 73/100 with 4 warning signs

No single metric tells the full story. See the FRA:AP4N stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Riot Platforms Business Description

Address 3855 Ambrosia Street, Suite 301, Castle Rock, CO, USA, 80109
Riot Platforms Inc is a vertically integrated digital infrastructure company principally engaged in developing and optimizing its large-scale power assets. The Company's business centers on enhancing its electrical infrastructure and deploying it across two complementary platforms: (i) Bitcoin Mining and (ii) scalable data center solutions designed to support non-mining workloads. The company's segments include Bitcoin Mining and Engineering. The Bitcoin Mining segment generates revenue from the Bitcoin the Company earns through its Bitcoin Mining activities. The Engineering segment generates revenue through customer contracts for custom engineered electrical products. It generates the majority of its revenue from the Bitcoin Mining segment.
73GF Score

Get the complete analysis for FRA:AP4N

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

€16.51
Price
€12.24
GF Value