Erste Group Bank AG. (FRA:EBOR) E10: €2.83 (As of Mar. 2026)


FRA:EBOR Erste Group Bank AG. FRA:EBOR
70 GF Score
Price €57.50
GF Value €32.78
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is Erste Group Bank AG. E10?

Erste Group Bank AG. FRA:EBOR 70 E10 is €2.83 as of Mar. 2026. GuruFocus rates FRA:EBOR with a GF Score™ of 70/100 and a GF Value™ of €32.78 (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.

Erste Group Bank AG.'s adjusted earnings per share data for the three months ended in Mar. 2026 was €1.075. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €2.83 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Erste Group Bank AG.'s average E10 Growth Rate was 13.40% per year. During the past 3 years, the average E10 Growth Rate was 28.00% per year. During the past 5 years, the average E10 Growth Rate was 33.20% 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 Erste Group Bank AG. was 38.70% per year. The lowest was 10.30% per year. And the median was 26.25% per year.

As of today (2026-06-26), Erste Group Bank AG.'s current stock price is €57.50. Erste Group Bank AG.'s E10 for the quarter that ended in Mar. 2026 was €2.83. Erste Group Bank AG.'s Shiller PE Ratio of today is 20.32.

During the past 13 years, the highest Shiller PE Ratio of Erste Group Bank AG. was 44.37. The lowest was 9.13. And the median was 17.30.


Erste Group Bank AG.  (FRA:EBOR) 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.

Erste Group Bank AG.'s Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=57.50/2.83
=20.32

* 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 Erste Group Bank AG. was 44.37. The lowest was 9.13. And the median was 17.30.


Be Aware

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


Erste Group Bank AG. E10 Related Terms


Erste Group Bank AG. E10 Historical Data

* Premium members only.

The historical data trend for Erste Group Bank AG.'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.

Erste Group Bank AG. E10 Chart

Erste Group Bank AG. 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 1.01 1.33 1.75 2.38 2.73

Erste Group Bank AG. 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 2.56 2.60 2.71 2.73 2.83

FRA:EBOR vs PNC: E10 Comparison

For the Banks - Regional subindustry, Erste Group Bank AG.'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.


Erste Group Bank AG. Shiller PE Ratio vs Banks Industry

For the Banks industry and Financial Services sector, Erste Group Bank AG.'s Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Erste Group Bank AG.'s Shiller PE Ratio falls into.


FRA:EBOR
70GF Score
Erste Group Bank AG. FRA:EBOR
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Erste Group Bank AG. 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, Erste Group Bank AG.'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)
=1.075/140.3549*140.3549
=1.075

Current CPI (Mar. 2026) = 140.3549.

Erste Group Bank AG. Quarterly Data

per share eps CPI Adj_EPS
201606 0.692 101.092 0.961
201609 0.412 101.192 0.571
201612 0.100 102.092 0.137
201703 0.305 102.592 0.417
201706 0.443 102.991 0.604
201709 0.443 103.591 0.600
201712 0.340 104.291 0.458
201803 0.395 104.491 0.531
201806 0.535 105.091 0.715
201809 0.530 105.691 0.704
201812 0.615 106.291 0.812
201903 0.440 106.391 0.580
201906 0.370 106.791 0.486
201909 0.575 106.991 0.754
201912 0.225 108.091 0.292
202003 0.275 108.024 0.357
202006 0.010 107.915 0.013
202009 0.423 108.348 0.548
202012 0.100 109.321 0.128
202103 0.415 110.186 0.529
202106 0.575 110.943 0.727
202109 0.658 111.916 0.825
202112 0.465 113.971 0.573
202203 0.525 117.647 0.626
202206 0.849 120.567 0.988
202209 0.626 123.811 0.710
202212 0.550 125.541 0.615
202303 0.695 128.460 0.759
202306 1.100 130.191 1.186
202309 1.016 131.272 1.086
202312 0.845 132.570 0.895
202403 0.935 133.759 0.981
202406 1.061 134.083 1.111
202409 1.070 133.651 1.124
202412 0.785 135.273 0.814
202503 0.910 137.760 0.927
202506 1.186 138.517 1.202
202509 1.100 138.949 1.111
202512 1.215 140.355 1.215
202603 1.075 140.355 1.075

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 €2.83 mean?
Erste Group Bank AG. (FRA:EBOR) has a E10 of €2.83 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Erste Group Bank AG. and its competitors.
Is Erste Group Bank AG.'s E10 too high?
Erste Group Bank AG.'s current E10 is €2.83. Overall, Erste Group Bank AG. has a GF Score™ of 70/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Erste Group Bank AG.'s E10 compare to PNC?
Erste Group Bank AG.'s E10 of €2.83 can be compared against companies in the Banks 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 Banks company?
A good E10 depends on the Banks 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 Erste Group Bank AG. and its competitors. Erste Group Bank AG.'s current E10 is €2.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Erste Group Bank AG. stock overvalued right now?
Based on GuruFocus' analysis, Erste Group Bank AG. (FRA:EBOR) is currently considered Significantly Overvalued. The stock's GF Value™ is €32.78, compared to a current price of €57.50 — trading 75.4% above its estimated fair value. The current E10 is €2.83. Erste Group Bank AG.'s overall GF Score™ is 70/100 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 Erste Group Bank AG. (FRA:EBOR), the current E10 is €2.83 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 Erste Group Bank AG. (FRA:EBOR) Overvalued in 2026?

Based on GuruFocus' analysis, Erste Group Bank AG. stock appears to be overvalued. The current stock price of €57.50 is trading 75.4% above its estimated GF Value™ of €32.78. GuruFocus considers Erste Group Bank AG. to be Significantly Overvalued.

Key valuation signals for FRA:EBOR:

  • E10: €2.83
  • GF Value™: €32.78 vs. price of €57.50 (75.4% above fair value)
  • GF Score™: 70/100 with 6 warning signs

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


Erste Group Bank AG. Business Description

Address Am Belvedere 1, Vienna, AUT, A-1100
Erste Group Bank AG. is an Austria-based financial services provider catering to the needs of individuals, corporates, small businesses, and other enterprises. It offers a complete range of banking and other financial services, such as savings accounts, asset management (including investment funds), consumer credit and mortgage lending, investment banking, securities and derivatives trading, project finance, foreign exchange trading, leasing, factoring, etc. The Group's operating segments are defined according to the core markets in which it operates and include Austria, Central and Eastern Europe, and Other. Maximum revenue is generated from the Central and Eastern Europe segment, which represents its operations in the Czech Republic, Slovakia, Romania, Hungary, Croatia, and Serbia.
70GF Score

Get the complete analysis for FRA:EBOR

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

€57.50
Price
€32.78
GF Value