EAM Solar AS (FRA:EA20) E10: €-0.42 (As of Mar. 2026)

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FRA:EA20 EAM Solar AS FRA:EA20
27 GF Score
Price €0.04
GF Value €0.06
Valuation Modestly Undervalued
! 6 Warning Signs
View Full Analysis

What is EAM Solar AS E10?

EAM Solar AS FRA:EA20 +3.26% 27 E10 is €-0.42 as of Mar. 2026. GuruFocus rates FRA:EA20 with a GF Score™ of 27/100 and a GF Value™ of €0.06 (Modestly Undervalued). 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.

EAM Solar AS's adjusted earnings per share data for the three months ended in Mar. 2026 was €0.035. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €-0.42 for the trailing ten years ended in Mar. 2026.

During the past 3 years, the average E10 Growth Rate was 29.00% 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 EAM Solar AS was 29.00% per year. The lowest was -7.30% per year. And the median was 10.85% per year.

As of today (2026-07-22), EAM Solar AS's current stock price is €0.0444. EAM Solar AS's E10 for the quarter that ended in Mar. 2026 was €-0.42. EAM Solar AS's Shiller PE Ratio of today is .


EAM Solar AS  (FRA:EA20) 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.


EAM Solar AS E10 Related Terms


EAM Solar AS E10 Historical Data

* Premium members only.

The historical data trend for EAM Solar AS'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.

EAM Solar AS E10 Chart

EAM Solar AS 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 -1.05 -1.08 -1.17 -0.79 -0.30

EAM Solar AS 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 -1.14 -1.21 -1.00 -0.30 -0.42

EAM Solar AS E10 Competitor Comparison

For the Utilities - Renewable subindustry, EAM Solar AS'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.


EAM Solar AS Shiller PE Ratio vs Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, EAM Solar AS's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where EAM Solar AS's Shiller PE Ratio falls into.


FRA:EA20
27GF Score
EAM Solar AS FRA:EA20
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

EAM Solar AS 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, EAM Solar AS'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)
=0.035/141.0300*141.0300
=0.035

Current CPI (Mar. 2026) = 141.0300.

EAM Solar AS Quarterly Data

per share eps CPI Adj_EPS
201606 -0.644 103.800 -0.875
201609 -0.894 104.200 -1.210
201612 -0.145 104.400 -0.196
201703 -0.051 105.000 -0.069
201706 -0.006 105.800 -0.008
201709 -0.754 105.900 -1.004
201712 0.157 106.100 0.209
201803 -0.107 107.300 -0.141
201806 -0.062 108.500 -0.081
201809 0.022 109.500 0.028
201812 -0.022 109.800 -0.028
201903 -0.084 110.400 -0.107
201906 -0.017 110.600 -0.022
201909 0.129 111.100 0.164
201912 -0.045 111.300 -0.057
202003 0.118 111.200 0.150
202006 -0.079 112.100 -0.099
202009 0.079 112.900 0.099
202012 -0.135 112.900 -0.169
202103 -0.112 114.600 -0.138
202106 -0.028 115.300 -0.034
202109 -0.062 117.500 -0.074
202112 -0.112 118.900 -0.133
202203 -0.073 119.800 -0.086
202206 0.034 122.600 0.039
202209 0.006 125.600 0.007
202212 -0.141 125.900 -0.158
202303 0.039 127.600 0.043
202306 -0.028 130.400 -0.030
202309 -0.067 129.800 -0.073
202312 -0.039 131.900 -0.042
202403 0.022 132.600 0.023
202406 -0.031 133.800 -0.033
202409 0.008 133.700 0.008
202412 -0.005 134.800 -0.005
202503 -0.001 136.100 -0.001
202506 -0.006 137.800 -0.006
202509 -0.001 138.500 -0.001
202512 -0.012 139.100 -0.012
202603 0.035 141.030 0.035

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 €-0.42 mean?
EAM Solar AS (FRA:EA20) has a E10 of €-0.42 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on EAM Solar AS and its competitors.
Is EAM Solar AS's E10 too high?
EAM Solar AS's current E10 is €-0.42. Overall, EAM Solar AS has a GF Score™ of 27/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does EAM Solar AS's E10 compare to competitors?
EAM Solar AS's E10 of €-0.42 can be compared against companies in the Utilities - Independent Power Producers 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 Utilities - Independent Power Producers company?
A good E10 depends on the Utilities - Independent Power Producers 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 EAM Solar AS and its competitors. EAM Solar AS's current E10 is €-0.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is EAM Solar AS stock overvalued right now?
Based on GuruFocus' analysis, EAM Solar AS (FRA:EA20) is currently considered Modestly Undervalued. The stock's GF Value™ is €0.06, compared to a current price of €0.04 — trading 26% below its estimated fair value. The current E10 is €-0.42. EAM Solar AS's overall GF Score™ is 27/100 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 EAM Solar AS (FRA:EA20), the current E10 is €-0.42 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 EAM Solar AS (FRA:EA20) Overvalued in 2026?

Based on GuruFocus' analysis, EAM Solar AS stock appears to be undervalued. The current stock price of €0.04 is trading 26% below its estimated GF Value™ of €0.06. GuruFocus considers EAM Solar AS to be Modestly Undervalued.

Key valuation signals for FRA:EA20:

  • E10: €-0.42
  • GF Value™: €0.06 vs. price of €0.04 (26% below fair value)
  • GF Score™: 27/100 with 6 warning signs

No single metric tells the full story. See the FRA:EA20 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


EAM Solar AS Business Description

Other Exchanges EAM:Norway0QDW:UK
Address Karenslyst Alle 10, Oslo, NOR, 0278
EAM Solar AS primary business is to own solar PV power plants and sell electricity under long-term fixed-price sales contracts, and to pursue legal proceedings to restore company values. The Company's primary assets include four solar PV power plants in Italy, in the regions of Apulia and Basilicata in Southern Italy.
27GF Score

Get the complete analysis for FRA:EA20

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

€0.04
Price
€0.06
GF Value