Adtran Holdings (FRA:ATN) E10: €-0.93 (As of Mar. 2026)


FRA:ATN Adtran Holdings Inc FRA:ATN
62 GF Score
Price €12.20
GF Value €8.09
Valuation Significantly Overvalued
! 6 Warning Signs
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What is Adtran Holdings E10?

Adtran Holdings FRA:ATN -0.39% 62 E10 is €-0.93 as of Mar. 2026. GuruFocus rates FRA:ATN with a GF Score™ of 62/100 and a GF Value™ of €8.09 (Significantly Overvalued). The stock has 6 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.

Adtran Holdings's adjusted earnings per share data for the three months ended in Mar. 2026 was €-0.009. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €-0.93 for the trailing ten years ended in Mar. 2026.

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 Adtran Holdings was 21.40% per year. The lowest was -34.80% per year. And the median was 3.60% per year.

As of today (2026-06-27), Adtran Holdings's current stock price is €12.202. Adtran Holdings's E10 for the quarter that ended in Mar. 2026 was €-0.93. Adtran Holdings's Shiller PE Ratio of today is .

During the past 13 years, the highest Shiller PE Ratio of Adtran Holdings was 151.29. The lowest was 8.06. And the median was 18.50.


Adtran Holdings  (FRA:ATN) 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.

During the past 13 years, the highest Shiller P/E Ratio of Adtran Holdings was 151.29. The lowest was 8.06. And the median was 18.50.


Be Aware

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


Adtran Holdings E10 Related Terms


Adtran Holdings E10 Historical Data

* Premium members only.

The historical data trend for Adtran Holdings'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.

Adtran Holdings E10 Chart

Adtran Holdings 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 0.25 0.18 -0.22 -0.88 -0.89

Adtran Holdings 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 -0.90 -0.84 -0.87 -0.89 -0.93

FRA:ATN vs GILT, HLIT, FEIM: E10 Comparison

For the Communication Equipment subindustry, Adtran Holdings'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.


Adtran Holdings Shiller PE Ratio vs Hardware Industry

For the Hardware industry and Technology sector, Adtran Holdings's Shiller PE Ratio distribution charts can be found below:

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


FRA:ATN
62GF Score
Adtran Holdings Inc FRA:ATN
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Adtran Holdings 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, Adtran Holdings'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)
=-0.009/330.2130*330.2130
=-0.009

Current CPI (Mar. 2026) = 330.2130.

Adtran Holdings Quarterly Data

per share eps CPI Adj_EPS
201606 0.187 241.018 0.256
201609 0.232 241.428 0.317
201612 0.152 241.432 0.208
201703 0.131 243.801 0.177
201706 0.231 244.955 0.311
201709 0.277 246.819 0.371
201712 -0.194 246.524 -0.260
201803 -0.178 249.554 -0.236
201806 -0.137 251.989 -0.180
201809 0.137 252.439 0.179
201812 -0.158 251.233 -0.208
201903 0.018 254.202 0.023
201906 0.071 256.143 0.092
201909 -0.872 256.759 -1.121
201912 -0.234 256.974 -0.301
202003 -0.190 258.115 -0.243
202006 0.018 257.797 0.023
202009 0.093 260.280 0.118
202012 0.107 260.474 0.136
202103 0.017 264.877 0.021
202106 0.083 271.696 0.101
202109 -0.179 274.310 -0.215
202112 -0.080 278.802 -0.095
202203 -0.018 287.504 -0.021
202206 0.038 296.311 0.042
202209 -0.576 296.808 -0.641
202212 0.463 296.797 0.515
202303 -0.476 301.836 -0.521
202306 -0.462 305.109 -0.500
202309 -0.937 307.789 -1.005
202312 -1.284 306.746 -1.382
202403 -3.864 312.332 -4.085
202406 -0.585 314.175 -0.615
202409 -0.342 315.301 -0.358
202412 -0.554 315.605 -0.580
202503 -0.129 319.799 -0.133
202506 -0.208 322.561 -0.213
202509 -0.102 324.800 -0.104
202512 -0.017 324.054 -0.017
202603 -0.009 330.213 -0.009

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 €-0.93 mean?
Adtran Holdings (FRA:ATN) has a E10 of €-0.93 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Adtran Holdings and its competitors.
Is Adtran Holdings' E10 too high?
Adtran Holdings' current E10 is €-0.93. Overall, Adtran Holdings has a GF Score™ of 62/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Adtran Holdings' E10 compare to GILT and HLIT?
Adtran Holdings' E10 of €-0.93 can be compared against companies in the Hardware 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 Hardware company?
A good E10 depends on the Hardware 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 Adtran Holdings and its competitors. Adtran Holdings's current E10 is €-0.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Adtran Holdings stock overvalued right now?
Based on GuruFocus' analysis, Adtran Holdings (FRA:ATN) is currently considered Significantly Overvalued. The stock's GF Value™ is €8.09, compared to a current price of €12.20 — trading 50.8% above its estimated fair value. The current E10 is €-0.93. Adtran Holdings' overall GF Score™ is 62/100 with 6 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 Adtran Holdings (FRA:ATN), the current E10 is €-0.93 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 Adtran Holdings (FRA:ATN) Overvalued in 2026?

Based on GuruFocus' analysis, Adtran Holdings stock appears to be overvalued. The current stock price of €12.20 is trading 50.8% above its estimated GF Value™ of €8.09. GuruFocus considers Adtran Holdings to be Significantly Overvalued.

Key valuation signals for FRA:ATN:

  • E10: €-0.93
  • GF Value™: €8.09 vs. price of €12.20 (50.8% above fair value)
  • GF Score™: 62/100 with 6 warning signs

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


Adtran Holdings Business Description

Address 901 Explorer Boulevard, Huntsville, AL, USA, 35806-2807
Adtran Holdings Inc is a provider of networking and communications platforms, software, and services focused on the broadband access market. It operates under two reportable segments: Network Solutions segment, which includes hardware and software products that enable a digital future that supports the company's Subscriber, Access & Aggregation, and Optical Networking Solutions; and Services & Support segment, which includes network design, implementation, maintenance and cloud-hosted services supporting the company's Subscriber, Access & Aggregation, and Optical Networking Solutions. It generates the majority of its revenue from the Network Solutions segment.
62GF Score

Get the complete analysis for FRA:ATN

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

€12.20
Price
€8.09
GF Value