Old Republic International (FRA:ORJ) E10: €2.81 (As of Mar. 2026)


FRA:ORJ Old Republic International Corp FRA:ORJ
80 GF Score
Price €35.96
GF Value €32.25
Valuation Modestly Overvalued
! 4 Warning Signs
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What is Old Republic International E10?

Old Republic International FRA:ORJ +1.81% 80 E10 is €2.81 as of Mar. 2026. GuruFocus rates FRA:ORJ with a GF Score™ of 80/100 and a GF Value™ of €32.25 (Modestly 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.

Old Republic International's adjusted earnings per share data for the three months ended in Mar. 2026 was €1.142. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €2.81 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Old Republic International's average E10 Growth Rate was 9.90% per year. During the past 3 years, the average E10 Growth Rate was 6.70% per year. During the past 5 years, the average E10 Growth Rate was 14.40% per year. During the past 10 years, the average E10 Growth Rate was 26.90% 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 Old Republic International was 50.40% per year. The lowest was -18.00% per year. And the median was 10.00% per year.

As of today (2026-06-27), Old Republic International's current stock price is €35.96. Old Republic International's E10 for the quarter that ended in Mar. 2026 was €2.81. Old Republic International's Shiller PE Ratio of today is 12.80.

During the past 13 years, the highest Shiller PE Ratio of Old Republic International was 62.88. The lowest was 8.77. And the median was 13.67.


Old Republic International  (FRA:ORJ) 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.

Old Republic International's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=35.96/2.81
=12.80

* 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 Old Republic International was 62.88. The lowest was 8.77. And the median was 13.67.


Be Aware

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


Old Republic International E10 Related Terms


Old Republic International E10 Historical Data

* Premium members only.

The historical data trend for Old Republic International'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.

Old Republic International E10 Chart

Old Republic International 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 1.88 2.42 2.40 2.75 2.66

Old Republic International 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 2.69 2.54 2.56 2.66 2.81

FRA:ORJ vs AFG, KNSL, CNA: E10 Comparison

For the Insurance - Property & Casualty subindustry, Old Republic International'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.


Old Republic International Shiller PE Ratio vs Insurance Industry

For the Insurance industry and Financial Services sector, Old Republic International's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Old Republic International's Shiller PE Ratio falls into.


FRA:ORJ
80GF Score
Old Republic International Corp FRA:ORJ
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Old Republic International 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, Old Republic International'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)
=1.142/330.2130*330.2130
=1.142

Current CPI (Mar. 2026) = 330.2130.

Old Republic International Quarterly Data

per share eps CPI Adj_EPS
201606 0.312 241.018 0.427
201609 0.347 241.428 0.475
201612 0.436 241.432 0.596
201703 0.365 243.801 0.494
201706 0.312 244.955 0.421
201709 0.143 246.819 0.191
201712 0.853 246.524 1.143
201803 0.008 249.554 0.011
201806 0.565 251.989 0.740
201809 0.788 252.439 1.031
201812 -0.316 251.233 -0.415
201903 1.212 254.202 1.574
201906 0.487 256.143 0.628
201909 0.608 256.759 0.782
201912 0.819 256.974 1.052
202003 -1.819 258.115 -2.327
202006 1.190 257.797 1.524
202009 0.705 260.280 0.894
202012 1.430 260.474 1.813
202103 1.411 264.877 1.759
202106 0.872 271.696 1.060
202109 0.247 274.310 0.297
202112 1.823 278.802 2.159
202203 0.908 287.504 1.043
202206 -0.123 296.311 -0.137
202209 -0.313 296.808 -0.348
202212 1.633 296.797 1.817
202303 0.635 301.836 0.695
202306 0.498 305.109 0.539
202309 0.178 307.789 0.191
202312 0.633 306.746 0.681
202403 1.058 312.332 1.119
202406 0.325 314.175 0.342
202409 1.189 315.301 1.245
202412 0.401 315.605 0.420
202503 0.906 319.799 0.936
202506 0.702 322.561 0.719
202509 0.946 324.800 0.962
202512 0.700 324.054 0.713
202603 1.142 330.213 1.142

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 €2.81 mean?
Old Republic International (FRA:ORJ) has a E10 of €2.81 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Old Republic International and its competitors.
Is Old Republic International's E10 too high?
Old Republic International's current E10 is €2.81. Overall, Old Republic International has a GF Score™ of 80/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Old Republic International's E10 compare to AFG and KNSL?
Old Republic International's E10 of €2.81 can be compared against companies in the Insurance 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 Insurance company?
A good E10 depends on the Insurance 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 Old Republic International and its competitors. Old Republic International's current E10 is €2.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Old Republic International stock overvalued right now?
Based on GuruFocus' analysis, Old Republic International (FRA:ORJ) is currently considered Modestly Overvalued. The stock's GF Value™ is €32.25, compared to a current price of €35.96 — trading 11.5% above its estimated fair value. The current E10 is €2.81. Old Republic International's overall GF Score™ is 80/100 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 Old Republic International (FRA:ORJ), the current E10 is €2.81 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 Old Republic International (FRA:ORJ) Overvalued in 2026?

Based on GuruFocus' analysis, Old Republic International stock appears to be overvalued. The current stock price of €35.96 is trading 11.5% above its estimated GF Value™ of €32.25. GuruFocus considers Old Republic International to be Modestly Overvalued.

Key valuation signals for FRA:ORJ:

  • E10: €2.81
  • GF Value™: €32.25 vs. price of €35.96 (11.5% above fair value)
  • GF Score™: 80/100 with 4 warning signs

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


Old Republic International Business Description

Other Exchanges ORI:USAORJ:Germany
Address 307 North Michigan Avenue, Chicago, IL, USA, 60601
Old Republic International Corp is engaged in the business of insurance underwriting and related services. The company operates in two segments: Specialty Insurance and Title Insurance. The insurance provided by the company includes Automobile Extended Warranty Insurance, Aviation, Commercial Automobile Insurance, Inland Marine, Travel Accident, Workers' Compensation, Financial Indemnity, and others. The company generates the majority of its revenue from Specialty Insurance. The Specialty Insurance provides property and liability insurance principally to commercial clients.
80GF Score

Get the complete analysis for FRA:ORJ

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

€35.96
Price
€32.25
GF Value