Blackbaud (FRA:BNK) E10: €0.07 (As of Mar. 2026)

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Director of Data and Quant Analytics at GuruFocus
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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:BNK Blackbaud Inc FRA:BNK
53 GF Score
Price €27.20
GF Value €70.70
! 6 Warning Signs
View Full Analysis

What is Blackbaud E10?

Blackbaud FRA:BNK -5.56% 53 E10 is €0.07 as of Mar. 2026. GuruFocus rates FRA:BNK with a GF Score™ of 53/100 and a GF Value™ of €70.70. 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.

Blackbaud's adjusted earnings per share data for the three months ended in Mar. 2026 was €0.580. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €0.07 for the trailing ten years ended in Mar. 2026.

During the past 3 years, the average E10 Growth Rate was -63.00% 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 Blackbaud was 5.70% per year. The lowest was -63.00% per year. And the median was -0.60% per year.

As of today (2026-07-21), Blackbaud's current stock price is €27.20. Blackbaud's E10 for the quarter that ended in Mar. 2026 was €0.07. Blackbaud's Shiller PE Ratio of today is 388.57.

During the past 13 years, the highest Shiller PE Ratio of Blackbaud was 2073.67. The lowest was 65.70. And the median was 109.96.


Blackbaud  (FRA:BNK) 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.

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

Shiller PE Ratio=Share Price/E10
=27.20/0.07
=388.57

* 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 Blackbaud was 2073.67. The lowest was 65.70. And the median was 109.96.


Be Aware

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


Blackbaud E10 Related Terms


Blackbaud E10 Historical Data

* Premium members only.

The historical data trend for Blackbaud'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.

Blackbaud E10 Chart

Blackbaud 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 0.59 0.55 0.48 -0.12 0.03

Blackbaud 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 -0.12 -0.08 -0.03 0.03 0.07

FRA:BNK vs APPS, WLTH, VIA: E10 Comparison

For the Software - Application subindustry, Blackbaud'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.


Blackbaud Shiller PE Ratio vs Software Industry

For the Software industry and Technology sector, Blackbaud's Shiller PE Ratio distribution charts can be found below:

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


FRA:BNK
53GF Score
Blackbaud Inc FRA:BNK
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Blackbaud 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, Blackbaud'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)
=0.58/330.2130*330.2130
=0.580

Current CPI (Mar. 2026) = 330.2130.

Blackbaud Quarterly Data

per share eps CPI Adj_EPS
201606 0.169 241.018 0.232
201609 0.169 241.428 0.231
201612 0.341 241.432 0.466
201703 0.262 243.801 0.355
201706 0.205 244.955 0.276
201709 0.227 246.819 0.304
201712 0.541 246.524 0.725
201803 0.300 249.554 0.397
201806 0.120 251.989 0.157
201809 0.197 252.439 0.258
201812 0.167 251.233 0.219
201903 -0.018 254.202 -0.023
201906 0.133 256.143 0.171
201909 0.082 256.759 0.105
201912 0.027 256.974 0.035
202003 0.090 258.115 0.115
202006 0.213 257.797 0.273
202009 0.085 260.280 0.108
202012 -0.230 260.474 -0.292
202103 -0.003 264.877 -0.004
202106 0.116 271.696 0.141
202109 0.111 274.310 0.134
202112 -0.133 278.802 -0.158
202203 -0.182 287.504 -0.209
202206 -0.066 296.311 -0.074
202209 -0.202 296.808 -0.225
202212 -0.387 296.797 -0.431
202303 -0.262 301.836 -0.287
202306 0.037 305.109 0.040
202309 0.159 307.789 0.171
202312 0.092 306.746 0.099
202403 0.092 312.332 0.097
202406 0.390 314.175 0.410
202409 0.315 315.301 0.330
202412 -6.437 315.605 -6.735
202503 0.083 319.799 0.086
202506 0.468 322.561 0.479
202509 0.835 324.800 0.849
202512 0.649 324.054 0.661
202603 0.580 330.213 0.580

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 €0.07 mean?
Blackbaud (FRA:BNK) has a E10 of €0.07 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Blackbaud and its competitors.
Is Blackbaud's E10 too high?
Blackbaud's current E10 is €0.07. Overall, Blackbaud has a GF Score™ of 53/100, reflecting its overall financial health beyond just this single metric.
How does Blackbaud's E10 compare to APPS and WLTH?
Blackbaud's E10 of €0.07 can be compared against companies in the Software 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 Software company?
A good E10 depends on the Software 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 Blackbaud and its competitors. Blackbaud's current E10 is €0.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Blackbaud stock overvalued right now?
Blackbaud (FRA:BNK) has a current E10 of €0.07. The stock's GF Value™ is €70.70, compared to a current price of €27.20 — trading 61.5% below its estimated fair value. The current E10 is €0.07. Blackbaud's overall GF Score™ is 53/100 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 Blackbaud (FRA:BNK), the current E10 is €0.07 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 Blackbaud (FRA:BNK) Overvalued in 2026?

Based on GuruFocus' analysis, Blackbaud stock appears to be undervalued. The current stock price of €27.20 is trading 61.5% below its estimated GF Value™ of €70.70.

Key valuation signals for FRA:BNK:

  • E10: €0.07
  • GF Value™: €70.70 vs. price of €27.20 (61.5% below fair value)
  • GF Score™: 53/100 with 6 warning signs

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


Blackbaud Business Description

Other Exchanges BLKB:USA
Address 65 Fairchild Street, Charleston, SC, USA, 29492
Founded in 1981, Blackbaud provides software solutions designed to serve the "social good" community, including nonprofits, foundations, corporations, educational institutions, healthcare institutions, and individual change agents. Through M&A and organic product development efforts, the company has also moved into related areas outside core fundraising, notably into K-12 schools. The firm enables more than $100 billion in donations annually across a customer base in excess of 40,000 customers in over 100 countries.
53GF Score

Get the complete analysis for FRA:BNK

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

€27.20
Price
€70.70
GF Value