Applied Digital (FRA:FLH0) E10: €0.00 (As of Feb. 2026)

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Director of Data and Quant Analytics at GuruFocus
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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:FLH0 Applied Digital Corp FRA:FLH0
25 GF Score
Price €26.86
GF Value €12.87
Valuation Significantly Overvalued
! 7 Warning Signs
View Full Analysis

What is Applied Digital E10?

Applied Digital FRA:FLH0 +12.01% 25 E10 is €0.00 as of Feb. 2026. GuruFocus rates FRA:FLH0 with a GF Score™ of 25/100 and a GF Value™ of €12.87 (Significantly Overvalued). The stock has 7 warning signs investors should review.

Note: As E10 is a main component used to calculate Shiller PE Ratio. If the month end stock price for this stock is zero, result may not be accurate due to the exchange rate between different shares and the data will not be stored into our database. Selected historical data showed in the calculation sectione below is only for demostration purpose.

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.

Applied Digital's adjusted earnings per share data for the three months ended in Feb. 2026 was €-0.305. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €0.00 for the trailing ten years ended in Feb. 2026.

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 (2026-07-22), Applied Digital's current stock price is €26.86. Applied Digital's E10 for the quarter that ended in Feb. 2026 was €0.00. Applied Digital's Shiller PE Ratio of today is .


Applied Digital  (FRA:FLH0) 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.


Applied Digital E10 Related Terms


Applied Digital E10 Historical Data

* Premium members only.

The historical data trend for Applied Digital'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.

Applied Digital E10 Chart

Applied Digital Annual Data
Trend May05 May06 May07 May08 May20 May21 May22 May23 May24 May25
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

Applied Digital Quarterly Data
May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26
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 0.00 0.00 0.00 0.00 0.00

FRA:FLH0 vs : E10 Comparison

For the Information Technology Services subindustry, Applied Digital'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.


Applied Digital Shiller PE Ratio vs Software Industry

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

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


FRA:FLH0
25GF Score
Applied Digital Corp FRA:FLH0
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Applied Digital 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, Applied Digital's adjusted earnings per share data for the three months ended in Feb. 2026 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Feb. 2026 (Change)*Current CPI (Feb. 2026)
=-0.305/326.7850*326.7850
=-0.305

Current CPI (Feb. 2026) = 326.7850.

Applied Digital Quarterly Data

per share eps CPI Adj_EPS
200505 -0.236 194.400 -0.397
200508 -0.390 196.400 -0.649
200511 -0.153 197.600 -0.253
200602 -0.201 198.700 -0.331
200605 -0.564 202.500 -0.910
200608 -0.328 203.900 -0.526
200611 -0.372 201.500 -0.603
200702 -0.413 203.499 -0.663
200705 -0.444 207.949 -0.698
200708 -0.484 207.917 -0.761
200711 -0.368 210.177 -0.572
200802 -0.366 211.693 -0.565
200805 -0.386 216.632 -0.582
200808 -0.161 219.086 -0.240
200811 -0.235 212.425 -0.362
200902 -0.234 212.193 -0.360
202005 0.000 256.394 0.000
202008 0.000 259.918 0.000
202011 0.000 260.229 0.000
202102 0.000 263.014 0.000
202105 0.000 269.195 0.000
202108 -0.264 273.567 -0.315
202111 0.000 277.948 0.000
202202 -0.106 283.716 -0.122
202205 0.000 292.296 0.000
202208 -0.049 296.171 -0.054
202211 -0.275 297.711 -0.302
202302 -0.065 300.840 -0.071
202305 -0.064 304.127 -0.069
202308 -0.101 307.026 -0.107
202311 -0.092 307.051 -0.098
202402 -0.482 310.326 -0.508
202405 -0.481 314.069 -0.500
202408 -0.027 314.796 -0.028
202411 -0.622 315.493 -0.644
202502 -0.154 319.082 -0.158
202505 -0.213 321.465 -0.217
202508 -0.060 323.976 -0.061
202511 -0.061 324.122 -0.062
202602 -0.305 326.785 -0.305

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 €0.00 mean?
Applied Digital (FRA:FLH0) has a E10 of €0.00 as of Feb. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Applied Digital and its competitors.
Is Applied Digital's E10 too high?
Applied Digital's current E10 is €0.00. Overall, Applied Digital has a GF Score™ of 25/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Applied Digital's E10 compare to ?
Applied Digital's E10 of €0.00 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 Applied Digital and its competitors. Applied Digital's current E10 is €0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Applied Digital stock overvalued right now?
Based on GuruFocus' analysis, Applied Digital (FRA:FLH0) is currently considered Significantly Overvalued. The stock's GF Value™ is €12.87, compared to a current price of €26.86 — trading 108.7% above its estimated fair value. The current E10 is €0.00. Applied Digital's overall GF Score™ is 25/100 with 7 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 Applied Digital (FRA:FLH0), the current E10 is €0.00 as of Feb. 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 Applied Digital (FRA:FLH0) Overvalued in 2026?

Based on GuruFocus' analysis, Applied Digital stock appears to be overvalued. The current stock price of €26.86 is trading 108.7% above its estimated GF Value™ of €12.87. GuruFocus considers Applied Digital to be Significantly Overvalued.

Key valuation signals for FRA:FLH0:

  • E10: €0.00
  • GF Value™: €12.87 vs. price of €26.86 (108.7% above fair value)
  • GF Score™: 25/100 with 7 warning signs

No single metric tells the full story. See the FRA:FLH0 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Applied Digital Business Description

Comparable Companies
Address 3811 Turtle Creek Boulevard, Suite 2100, Dallas, TX, USA, 75219
Applied Digital Corp is a designer, developer, and operator of next-generation digital infrastructure across North America. It provides digital infrastructure solutions and cloud services to industries like High-Performance Computing (HPC) and Artificial Intelligence (AI). The company operates in the following business segments: Data Center Hosting Business and HPC Hosting Business. The majority of its revenue is generated from the Data Center Hosting Business, which operates data centers to provide energized space to crypto mining customers.
25GF Score

Get the complete analysis for FRA:FLH0

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

€26.86
Price
€12.87
GF Value