Onex (FRA:ONE) E10: €10.29 (As of Mar. 2026)


FRA:ONE Onex Corp FRA:ONE
72 GF Score
Price €64.00
GF Value €70.65
! 3 Warning Signs
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What is Onex E10?

Onex FRA:ONE -1.54% 72 E10 is €10.29 as of Mar. 2026. GuruFocus rates FRA:ONE with a GF Score™ of 72/100 and a GF Value™ of €70.65. 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.

Onex's adjusted earnings per share data for the three months ended in Mar. 2026 was €1.522. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €10.29 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Onex's average E10 Growth Rate was 17.70% per year. During the past 3 years, the average E10 Growth Rate was 13.40% per year. During the past 5 years, the average E10 Growth Rate was 12.50% 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 Onex was 109.30% per year. The lowest was -35.00% per year. And the median was 13.40% per year.

As of today (2026-06-26), Onex's current stock price is €64.00. Onex's E10 for the quarter that ended in Mar. 2026 was €10.29. Onex's Shiller PE Ratio of today is 6.22.

During the past 13 years, the highest Shiller PE Ratio of Onex was 549.53. The lowest was 5.28. And the median was 8.36.


Onex  (FRA:ONE) 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.

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

Shiller PE Ratio=Share Price/E10
=64.00/10.29
=6.22

* 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 Onex was 549.53. The lowest was 5.28. And the median was 8.36.


Be Aware

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


Onex E10 Related Terms


Onex E10 Historical Data

* Premium members only.

The historical data trend for Onex'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.

Onex E10 Chart

Onex 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 6.92 7.73 8.71 9.24 9.90

Onex 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 9.14 9.56 9.32 9.90 10.29

FRA:ONE vs BLK, BX, KKR: E10 Comparison

For the Asset Management subindustry, Onex'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.


Onex Shiller PE Ratio vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Onex's Shiller PE Ratio distribution charts can be found below:

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


FRA:ONE
72GF Score
Onex Corp FRA:ONE
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Onex 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, Onex'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)
=1.522/132.2623*132.2623
=1.522

Current CPI (Mar. 2026) = 132.2623.

Onex Quarterly Data

per share eps CPI Adj_EPS
201606 2.777 102.002 3.601
201609 -1.132 101.765 -1.471
201612 -1.232 101.449 -1.606
201703 -8.303 102.634 -10.700
201706 23.674 103.029 30.391
201709 2.668 103.345 3.415
201712 2.315 103.345 2.963
201803 -1.265 105.004 -1.593
201806 -2.140 105.557 -2.681
201809 -3.617 105.636 -4.529
201812 1.503 105.399 1.886
201903 33.072 106.979 40.888
201906 2.283 107.690 2.804
201909 0.899 107.611 1.105
201912 1.656 107.769 2.032
202003 -9.023 107.927 -11.057
202006 5.710 108.401 6.967
202009 4.491 108.164 5.492
202012 5.154 108.559 6.279
202103 3.856 110.298 4.624
202106 1.619 111.720 1.917
202109 5.746 112.905 6.731
202112 2.204 113.774 2.562
202203 1.716 117.646 1.929
202206 -2.034 120.806 -2.227
202209 -2.141 120.648 -2.347
202212 4.814 120.964 5.264
202303 -2.681 122.702 -2.890
202306 1.504 124.203 1.602
202309 3.027 125.230 3.197
202312 4.319 125.072 4.567
202403 0.120 126.258 0.126
202406 2.035 127.522 2.111
202409 1.514 127.285 1.573
202412 0.010 127.364 0.010
202503 2.183 129.181 2.235
202506 2.861 129.892 2.913
202509 0.486 130.287 0.493
202512 2.246 130.366 2.279
202603 1.522 132.262 1.522

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 €10.29 mean?
Onex (FRA:ONE) has a E10 of €10.29 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Onex and its competitors.
Is Onex's E10 too high?
Onex's current E10 is €10.29. Overall, Onex has a GF Score™ of 72/100, reflecting its overall financial health beyond just this single metric.
How does Onex's E10 compare to BLK and BX?
Onex's E10 of €10.29 can be compared against companies in the Asset Management 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 Asset Management company?
A good E10 depends on the Asset Management 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 Onex and its competitors. Onex's current E10 is €10.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Onex stock overvalued right now?
Onex (FRA:ONE) has a current E10 of €10.29. The stock's GF Value™ is €70.65, compared to a current price of €64.00 — trading 9.4% below its estimated fair value. The current E10 is €10.29. Onex'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 Onex (FRA:ONE), the current E10 is €10.29 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 Onex (FRA:ONE) Overvalued in 2026?

Based on GuruFocus' analysis, Onex stock appears to be undervalued. The current stock price of €64.00 is trading 9.4% below its estimated GF Value™ of €70.65.

Key valuation signals for FRA:ONE:

  • E10: €10.29
  • GF Value™: €70.65 vs. price of €64.00 (9.4% below fair value)
  • GF Score™: 72/100 with 3 warning signs

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


Onex Business Description

Address 161 Bay Street, 49th Floor, P.O. Box 700, Toronto, ON, CAN, M5J 2S1
Onex Corp is a private equity investor and asset management firm. The company operates in two reportable segments: Investing, which comprises the activity of investing Onex's capital, and Asset Management, which comprises the asset management activities provided by Onex to support its private equity and Credit strategies, as well as Onex's corporate functions. The majority of the company's revenue is generated through the Investing segment.
72GF Score

Get the complete analysis for FRA:ONE

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

€64.00
Price
€70.65
GF Value