CION Invt (FRA:D21) E10: €1.02 (As of Mar. 2026)

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FRA:D21 CION Invt Corp FRA:D21
37 GF Score
Price €6.28
GF Value €1.66
Valuation Significantly Overvalued
! 2 Warning Signs
View Full Analysis

What is CION Invt E10?

CION Invt FRA:D21 +16.91% 37 E10 is €1.02 as of Mar. 2026. GuruFocus rates FRA:D21 with a GF Score™ of 37/100 and a GF Value™ of €1.66 (Significantly Overvalued). The stock has 2 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.

CION Invt's adjusted earnings per share data for the three months ended in Mar. 2026 was €-0.389. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €1.02 for the trailing ten years ended in Mar. 2026.

During the past 12 months, CION Invt's average E10 Growth Rate was 8.30% 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.

As of today (2026-08-09), CION Invt's current stock price is €6.284. CION Invt's E10 for the quarter that ended in Mar. 2026 was €1.02. CION Invt's Shiller PE Ratio of today is 6.16.

During the past 13 years, the highest Shiller PE Ratio of CION Invt was 10.12. The lowest was 5.05. And the median was 8.87.


CION Invt  (FRA:D21) 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.

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

Shiller PE Ratio=Share Price/E10
=6.284/1.02
=6.16

* 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 CION Invt was 10.12. The lowest was 5.05. And the median was 8.87.


Be Aware

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


CION Invt E10 Related Terms


CION Invt E10 Historical Data

* Premium members only.

The historical data trend for CION Invt'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.

CION Invt E10 Chart

CION Invt 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 0.00 0.00 1.16 1.18 1.02

CION Invt 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 1.01 0.95 1.02 1.02 1.02

FRA:D21 vs ARDC, PSBD, OIA: E10 Comparison

For the Asset Management subindustry, CION Invt'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.


CION Invt Shiller PE Ratio vs Asset Management Industry

For the Asset Management industry and Financial Services sector, CION Invt's Shiller PE Ratio distribution charts can be found below:

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


FRA:D21
37GF Score
CION Invt Corp FRA:D21
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

CION Invt 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, CION Invt'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)
=-0.389/330.2130*330.2130
=-0.389

Current CPI (Mar. 2026) = 330.2130.

CION Invt Quarterly Data

per share eps CPI Adj_EPS
201606 0.712 241.018 0.975
201609 0.731 241.428 1.000
201612 0.490 241.432 0.670
201703 0.262 243.801 0.355
201706 0.472 244.955 0.636
201709 0.303 246.819 0.405
201712 0.304 246.524 0.407
201803 0.280 249.554 0.370
201806 0.269 251.989 0.353
201809 0.232 252.439 0.303
201812 -0.342 251.233 -0.450
201903 0.254 254.202 0.330
201906 0.126 256.143 0.162
201909 -0.036 256.759 -0.046
201912 0.464 256.974 0.596
202003 -1.683 258.115 -2.153
202006 0.257 257.797 0.329
202009 0.461 260.280 0.585
202012 0.682 260.474 0.865
202103 0.739 264.877 0.921
202106 0.407 271.696 0.495
202109 0.374 274.310 0.450
202112 0.248 278.802 0.294
202203 0.127 287.504 0.146
202206 -0.019 296.311 -0.021
202209 0.606 296.808 0.674
202212 0.160 296.797 0.178
202303 -0.523 301.836 -0.572
202306 0.471 305.109 0.510
202309 0.815 307.789 0.874
202312 0.862 306.746 0.928
202403 0.110 312.332 0.116
202406 0.390 314.175 0.410
202409 -0.009 315.301 -0.009
202412 0.096 315.605 0.100
202503 -0.740 319.799 -0.764
202506 0.451 322.561 0.462
202509 0.588 324.800 0.598
202512 -0.683 324.054 -0.696
202603 -0.389 330.213 -0.389

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 €1.02 mean?
CION Invt (FRA:D21) has a E10 of €1.02 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on CION Invt and its competitors.
Is CION Invt's E10 too high?
CION Invt's current E10 is €1.02. Overall, CION Invt has a GF Score™ of 37/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does CION Invt's E10 compare to ARDC and PSBD?
CION Invt's E10 of €1.02 can be compared against companies in the Asset Management 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 an Asset Management company?
A good E10 depends on the Asset Management 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 CION Invt and its competitors. CION Invt's current E10 is €1.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CION Invt stock overvalued right now?
Based on GuruFocus' analysis, CION Invt (FRA:D21) is currently considered Significantly Overvalued. The stock's GF Value™ is €1.66, compared to a current price of €6.28 — trading 278.6% above its estimated fair value. The current E10 is €1.02. CION Invt's overall GF Score™ is 37/100 with 2 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 CION Invt (FRA:D21), the current E10 is €1.02 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 CION Invt (FRA:D21) Overvalued in 2026?

Based on GuruFocus' analysis, CION Invt stock appears to be overvalued. The current stock price of €6.28 is trading 278.6% above its estimated GF Value™ of €1.66. GuruFocus considers CION Invt to be Significantly Overvalued.

Key valuation signals for FRA:D21:

  • E10: €1.02
  • GF Value™: €1.66 vs. price of €6.28 (278.6% above fair value)
  • GF Score™: 37/100 with 2 warning signs

No single metric tells the full story. See the FRA:D21 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


CION Invt Business Description

Other Exchanges CION:USACION:Israel
Address 100 Park Avenue, 25th Floor, New York, NY, USA, 10017
CION Invt Corp is an externally managed, non-diversified, closed-end management investment company that has elected to be regulated as a business development company. The Companies portfolio is comprised of investments in senior secured debt, including first lien loans, second lien loans, and unitranche loans, and, to a lesser extent, collateralized securities, structured products and other similar securities, unsecured debt, and equity, of private and thinly-traded U.S. middle-market companies. Its investment objective is to generate current income and, to a lesser extent, capital appreciation for investors.
37GF Score

Get the complete analysis for FRA:D21

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

€6.28
Price
€1.66
GF Value