FormFactor (FRA:FMF) E10: €0.82 (As of Mar. 2026)


FRA:FMF FormFactor Inc FRA:FMF
74 GF Score
Price €115.45
GF Value €45.40
Valuation Significantly Overvalued
! 4 Warning Signs
View Full Analysis

What is FormFactor E10?

FormFactor FRA:FMF -9.45% 74 E10 is €0.82 as of Mar. 2026. GuruFocus rates FRA:FMF with a GF Score™ of 74/100 and a GF Value™ of €45.40 (Significantly Overvalued). The stock has 4 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.

FormFactor's adjusted earnings per share data for the three months ended in Mar. 2026 was €0.225. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €0.82 for the trailing ten years ended in Mar. 2026.

During the past 12 months, FormFactor's average E10 Growth Rate was 18.10% per year. During the past 3 years, the average E10 Growth Rate was 32.10% 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 FormFactor was 66.20% per year. The lowest was -15.10% per year. And the median was 10.30% per year.

As of today (2026-06-27), FormFactor's current stock price is €115.45. FormFactor's E10 for the quarter that ended in Mar. 2026 was €0.82. FormFactor's Shiller PE Ratio of today is 140.79.

During the past 13 years, the highest Shiller PE Ratio of FormFactor was 1695.00. The lowest was 29.12. And the median was 71.21.


FormFactor  (FRA:FMF) 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.

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

Shiller PE Ratio=Share Price/E10
=115.45/0.82
=140.79

* 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 FormFactor was 1695.00. The lowest was 29.12. And the median was 71.21.


Be Aware

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


FormFactor E10 Related Terms


FormFactor E10 Historical Data

* Premium members only.

The historical data trend for FormFactor'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.

FormFactor E10 Chart

FormFactor 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 0.19 0.36 0.59 0.81 0.78

FormFactor 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 0.77 0.72 0.73 0.78 0.82

FRA:FMF vs CAMT, AXTI, ONTO: E10 Comparison

For the Semiconductor Equipment & Materials subindustry, FormFactor'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.


FormFactor Shiller PE Ratio vs Semiconductors Industry

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

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


FRA:FMF
74GF Score
FormFactor Inc FRA:FMF
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

FormFactor 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, FormFactor'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)
=0.225/330.2130*330.2130
=0.225

Current CPI (Mar. 2026) = 330.2130.

FormFactor Quarterly Data

per share eps CPI Adj_EPS
201606 0.543 241.018 0.744
201609 -0.178 241.428 -0.243
201612 -0.209 241.432 -0.286
201703 0.065 243.801 0.088
201706 0.214 244.955 0.288
201709 0.143 246.819 0.191
201712 0.059 246.524 0.079
201803 0.024 249.554 0.032
201806 0.103 251.989 0.135
201809 0.086 252.439 0.112
201812 0.993 251.233 1.305
201903 0.062 254.202 0.081
201906 0.080 256.143 0.103
201909 0.100 256.759 0.129
201912 0.216 256.974 0.278
202003 0.181 258.115 0.232
202006 0.231 257.797 0.296
202009 0.246 260.280 0.312
202012 0.197 260.474 0.250
202103 0.210 264.877 0.262
202106 0.191 271.696 0.232
202109 0.221 274.310 0.266
202112 0.292 278.802 0.346
202203 0.345 287.504 0.396
202206 0.359 296.311 0.400
202209 0.061 296.808 0.068
202212 -0.170 296.797 -0.189
202303 0.019 301.836 0.021
202306 0.009 305.109 0.010
202309 0.056 307.789 0.060
202312 0.889 306.746 0.957
202403 0.258 312.332 0.273
202406 0.232 314.175 0.244
202409 0.216 315.301 0.226
202412 0.115 315.605 0.120
202503 0.074 319.799 0.076
202506 0.104 322.561 0.106
202509 0.170 324.800 0.173
202512 0.248 324.054 0.253
202603 0.225 330.213 0.225

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 €0.82 mean?
FormFactor (FRA:FMF) has a E10 of €0.82 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on FormFactor and its competitors.
Is FormFactor's E10 too high?
FormFactor's current E10 is €0.82. Overall, FormFactor has a GF Score™ of 74/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does FormFactor's E10 compare to CAMT and AXTI?
FormFactor's E10 of €0.82 can be compared against companies in the Semiconductors 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 Semiconductors company?
A good E10 depends on the Semiconductors 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 FormFactor and its competitors. FormFactor's current E10 is €0.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is FormFactor stock overvalued right now?
Based on GuruFocus' analysis, FormFactor (FRA:FMF) is currently considered Significantly Overvalued. The stock's GF Value™ is €45.40, compared to a current price of €115.45 — trading 154.3% above its estimated fair value. The current E10 is €0.82. FormFactor's overall GF Score™ is 74/100 with 4 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 FormFactor (FRA:FMF), the current E10 is €0.82 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 FormFactor (FRA:FMF) Overvalued in 2026?

Based on GuruFocus' analysis, FormFactor stock appears to be overvalued. The current stock price of €115.45 is trading 154.3% above its estimated GF Value™ of €45.40. GuruFocus considers FormFactor to be Significantly Overvalued.

Key valuation signals for FRA:FMF:

  • E10: €0.82
  • GF Value™: €45.40 vs. price of €115.45 (154.3% above fair value)
  • GF Score™: 74/100 with 4 warning signs

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


FormFactor Business Description

Other Exchanges FORM:USAFMF:Germany
Address 7005 Southfront Road, Livermore, CA, USA, 94551
FormFactor Inc is a provider of electrical and optical test and measurement technologies along the full semiconductor product lifecycle - from characterization, modeling, reliability, and design de-bug, to qualification and production test.. The company operates in two reportable segments namely Probe Cards Segment and the Systems Segment. Sales of probe cards and analytical probes are included in the Probe Cards Segment, while sales of probe stations and thermal sub-systems are included in the Systems Segment. Probe cards generate the maximum revenue from its operations. It offers multiple product lines which include analytical probes, probe stations, thermal sub-systems, and related services.
74GF Score

Get the complete analysis for FRA:FMF

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

€115.45
Price
€45.40
GF Value