Matrix Service Co (FRA:MX2) E10: €-0.75 (As of Mar. 2026)


FRA:MX2 Matrix Service Co FRA:MX2
72 GF Score
Price €12.00
GF Value €11.06
Valuation Fairly Valued
! 3 Warning Signs
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What is Matrix Service Co E10?

Matrix Service Co FRA:MX2 +0.84% 72 E10 is €-0.75 as of Mar. 2026. GuruFocus rates FRA:MX2 with a GF Score™ of 72/100 and a GF Value™ of €11.06 (Fairly Valued). The stock has 3 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.

Matrix Service Co's adjusted earnings per share data for the three months ended in Mar. 2026 was €0.026. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €-0.75 for the trailing ten years ended in Mar. 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.

During the past 13 years, the highest 3-Year average E10 Growth Rate of Matrix Service Co was 45.70% per year. The lowest was -64.70% per year. And the median was 7.60% per year.

As of today (2026-06-30), Matrix Service Co's current stock price is €12.00. Matrix Service Co's E10 for the quarter that ended in Mar. 2026 was €-0.75. Matrix Service Co's Shiller PE Ratio of today is .

During the past 13 years, the highest Shiller PE Ratio of Matrix Service Co was 197.33. The lowest was 9.82. And the median was 25.50.


Matrix Service Co  (FRA:MX2) 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.

During the past 13 years, the highest Shiller P/E Ratio of Matrix Service Co was 197.33. The lowest was 9.82. And the median was 25.50.


Be Aware

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


Matrix Service Co E10 Related Terms


Matrix Service Co E10 Historical Data

* Premium members only.

The historical data trend for Matrix Service Co'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.

Matrix Service Co E10 Chart

Matrix Service Co Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.28 0.03 -0.25 -0.51 -0.67

Matrix Service Co 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 -0.61 -0.67 -0.69 -0.73 -0.75

FRA:MX2 vs PHOE, ESOA, MCDIF: E10 Comparison

For the Engineering & Construction subindustry, Matrix Service Co'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.


Matrix Service Co Shiller PE Ratio vs Construction Industry

For the Construction industry and Industrials sector, Matrix Service Co's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Matrix Service Co's Shiller PE Ratio falls into.


FRA:MX2
72GF Score
Matrix Service Co FRA:MX2
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Matrix Service Co 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, Matrix Service Co'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)
=0.026/330.2130*330.2130
=0.026

Current CPI (Mar. 2026) = 330.2130.

Matrix Service Co Quarterly Data

per share eps CPI Adj_EPS
201606 0.303 241.018 0.415
201609 0.312 241.428 0.427
201612 0.190 241.432 0.260
201703 -0.486 243.801 -0.658
201706 -0.036 244.955 -0.049
201709 0.117 246.819 0.157
201712 0.144 246.524 0.193
201803 -0.154 249.554 -0.204
201806 -0.471 251.989 -0.617
201809 0.069 252.439 0.090
201812 0.123 251.233 0.162
201903 0.292 254.202 0.379
201906 0.416 256.143 0.536
201909 0.200 256.759 0.257
201912 -0.936 256.974 -1.203
202003 -0.190 258.115 -0.243
202006 -0.195 257.797 -0.250
202009 -0.102 260.280 -0.129
202012 -0.140 260.474 -0.177
202103 -0.412 264.877 -0.514
202106 -0.332 271.696 -0.404
202109 -0.561 274.310 -0.675
202112 -0.823 278.802 -0.975
202203 -1.180 287.504 -1.355
202206 0.473 296.311 0.527
202209 -0.242 296.808 -0.269
202212 -1.152 296.797 -1.282
202303 -0.439 301.836 -0.480
202306 -0.009 305.109 -0.010
202309 -0.112 307.789 -0.120
202312 -0.092 306.746 -0.099
202403 -0.488 312.332 -0.516
202406 -0.149 314.175 -0.157
202409 -0.297 315.301 -0.311
202412 -0.191 315.605 -0.200
202503 -0.111 319.799 -0.115
202506 -0.347 322.561 -0.355
202509 -0.111 324.800 -0.113
202512 -0.026 324.054 -0.026
202603 0.026 330.213 0.026

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 €-0.75 mean?
Matrix Service Co (FRA:MX2) has a E10 of €-0.75 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Matrix Service Co and its competitors.
Is Matrix Service Co's E10 too high?
Matrix Service Co's current E10 is €-0.75. Overall, Matrix Service Co has a GF Score™ of 72/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Matrix Service Co's E10 compare to PHOE and ESOA?
Matrix Service Co's E10 of €-0.75 can be compared against companies in the Construction 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 Construction company?
A good E10 depends on the Construction 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 Matrix Service Co and its competitors. Matrix Service Co's current E10 is €-0.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Matrix Service Co stock overvalued right now?
Based on GuruFocus' analysis, Matrix Service Co (FRA:MX2) is currently considered Fairly Valued. The stock's GF Value™ is €11.06, compared to a current price of €12.00 — trading 8.5% above its estimated fair value. The current E10 is €-0.75. Matrix Service Co's overall GF Score™ is 72/100 with 3 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 Matrix Service Co (FRA:MX2), the current E10 is €-0.75 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 Matrix Service Co (FRA:MX2) Overvalued in 2026?

Based on GuruFocus' analysis, Matrix Service Co stock appears to be overvalued. The current stock price of €12.00 is trading 8.5% above its estimated GF Value™ of €11.06. GuruFocus considers Matrix Service Co to be Fairly Valued.

Key valuation signals for FRA:MX2:

  • E10: €-0.75
  • GF Value™: €11.06 vs. price of €12.00 (8.5% above fair value)
  • GF Score™: 72/100 with 3 warning signs

No single metric tells the full story. See the FRA:MX2 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Matrix Service Co Business Description

Other Exchanges MTRX:USA
Address 15 East 5th Street, Suite 1100, Tulsa, OK, USA, 74103
Matrix Service Co provides engineering, fabrication, construction, maintenance, and repair services prominently to the energy and industrial markets. The company operates through three main segments: Storage and Terminal Solutions, Utility and Power Infrastructure, and Process and Industrial Facilities. These segments cover services like building and maintaining storage tanks and terminals, supporting power delivery and new power generation projects including renewables, as well as plant maintenance and turnarounds for refining and petrochemical industries. Matrix generates revenue by delivering these services to clients in oil, gas, power, and petrochemical sectors across North America and internationally.
72GF Score

Get the complete analysis for FRA:MX2

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

€12.00
Price
€11.06
GF Value