BTCS (FRA:BIC) E10: €-380.73 (As of Mar. 2026)


FRA:BIC BTCS Inc FRA:BIC
39 GF Score
Price €0.78
GF Value €3.40
Valuation Possible Value Trap
! 5 Warning Signs
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What is BTCS E10?

BTCS FRA:BIC -3.66% 39 E10 is €-380.73 as of Mar. 2026. GuruFocus rates FRA:BIC with a GF Score™ of 39/100 and a GF Value™ of €3.40 (Possible Value Trap). 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.

BTCS's adjusted earnings per share data for the three months ended in Mar. 2026 was €-1.237. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €-380.73 for the trailing ten years ended in Mar. 2026.

During the past 3 years, the average E10 Growth Rate was -91.30% per year. During the past 5 years, the average E10 Growth Rate was 18.40% 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 BTCS was 77.50% per year. The lowest was -91.30% per year. And the median was 39.30% per year.

As of today (2026-06-27), BTCS's current stock price is €0.776. BTCS's E10 for the quarter that ended in Mar. 2026 was €-380.73. BTCS's Shiller PE Ratio of today is .

During the past 13 years, the highest Shiller PE Ratio of BTCS was 0.14. The lowest was 0.01. And the median was 0.09.


BTCS  (FRA:BIC) 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 BTCS was 0.14. The lowest was 0.01. And the median was 0.09.


Be Aware

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


BTCS E10 Related Terms


BTCS E10 Historical Data

* Premium members only.

The historical data trend for BTCS'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.

BTCS E10 Chart

BTCS 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 -548.50 -66.90 -1,127.59 -624.86 -458.25

BTCS 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 -572.74 -540.75 -457.89 -458.25 -380.73

FRA:BIC vs NCTY, AUC, SIEB: E10 Comparison

For the Capital Markets subindustry, BTCS'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.


BTCS Shiller PE Ratio vs Capital Markets Industry

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

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


FRA:BIC
39GF Score
BTCS Inc FRA:BIC
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

BTCS 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, BTCS'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)
=-1.237/330.2130*330.2130
=-1.237

Current CPI (Mar. 2026) = 330.2130.

BTCS Quarterly Data

per share eps CPI Adj_EPS
201606 -2,544.535 241.018 -3,486.207
201609 2.673 241.428 3.656
201612 -306.022 241.432 -418.554
201703 -499.295 243.801 -676.263
201706 2.670 244.955 3.599
201709 -22.653 246.819 -30.307
201712 0.069 246.524 0.092
201803 -0.081 249.554 -0.107
201806 -0.171 251.989 -0.224
201809 -0.171 252.439 -0.224
201812 -0.176 251.233 -0.231
201903 -0.266 254.202 -0.346
201906 -0.177 256.143 -0.228
201909 -0.182 256.759 -0.234
201912 -0.360 256.974 -0.463
202003 -0.181 258.115 -0.232
202006 -0.178 257.797 -0.228
202009 -0.280 260.280 -0.355
202012 -0.164 260.474 -0.208
202103 -2.041 264.877 -2.544
202106 -0.739 271.696 -0.898
202109 -0.502 274.310 -0.604
202112 -0.049 278.802 -0.058
202203 -0.427 287.504 -0.490
202206 -0.577 296.311 -0.643
202209 -0.081 296.808 -0.090
202212 -0.094 296.797 -0.105
202303 0.271 301.836 0.296
202306 -0.074 305.109 -0.080
202309 -0.216 307.789 -0.232
202312 0.385 306.746 0.414
202403 0.580 312.332 0.613
202406 -0.399 314.175 -0.419
202409 -0.505 315.301 -0.529
202412 0.134 315.605 0.140
202503 -0.795 319.799 -0.821
202506 0.121 322.561 0.124
202509 1.108 324.800 1.126
202512 -2.417 324.054 -2.463
202603 -1.237 330.213 -1.237

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 €-380.73 mean?
BTCS (FRA:BIC) has a E10 of €-380.73 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on BTCS and its competitors.
Is BTCS's E10 too high?
BTCS's current E10 is €-380.73. Overall, BTCS has a GF Score™ of 39/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does BTCS's E10 compare to NCTY and AUC?
BTCS's E10 of €-380.73 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 BTCS and its competitors. BTCS's current E10 is €-380.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BTCS stock overvalued right now?
Based on GuruFocus' analysis, BTCS (FRA:BIC) is currently considered Possible Value Trap. The stock's GF Value™ is €3.40, compared to a current price of €0.78 — trading 77.2% below its estimated fair value. The current E10 is €-380.73. BTCS's overall GF Score™ is 39/100 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 BTCS (FRA:BIC), the current E10 is €-380.73 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 BTCS (FRA:BIC) Overvalued in 2026?

Based on GuruFocus' analysis, BTCS stock appears to be undervalued. The current stock price of €0.78 is trading 77.2% below its estimated GF Value™ of €3.40. GuruFocus considers BTCS to be Possible Value Trap.

Key valuation signals for FRA:BIC:

  • E10: €-380.73
  • GF Value™: €3.40 vs. price of €0.78 (77.2% below fair value)
  • GF Score™: 39/100 with 5 warning signs

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


BTCS Business Description

Other Exchanges BTCS:USABIC:Germany
Address 303 W. Lancaster Avenue, No.336, Wayne, PA, USA, 19087
BTCS Inc is is a U.S.-based, Nasdaq-listed blockchain technology company focused on revenue generation through blockchain infrastructure and decentralized finance (DeFi) activities, mainly on the Ethereum network. BTCS operates as an active participant in the Ethereum ecosystem, generating digital asset-denominated on-chain revenues through its operations.
39GF Score

Get the complete analysis for FRA:BIC

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

€0.78
Price
€3.40
GF Value