Open Text (FRA:OTX) E10: €1.49 (As of Mar. 2026)


FRA:OTX Open Text Corp FRA:OTX
80 GF Score
Price €18.45
GF Value €26.73
Valuation Possible Value Trap
! 4 Warning Signs
View Full Analysis

What is Open Text E10?

Open Text FRA:OTX -1.07% 80 E10 is €1.49 as of Mar. 2026. GuruFocus rates FRA:OTX with a GF Score™ of 80/100 and a GF Value™ of €26.73 (Possible Value Trap). 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.

Open Text's adjusted earnings per share data for the three months ended in Mar. 2026 was €0.605. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €1.49 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Open Text's average E10 Growth Rate was 6.50% per year. During the past 3 years, the average E10 Growth Rate was 5.50% per year. During the past 5 years, the average E10 Growth Rate was 8.00% per year. During the past 10 years, the average E10 Growth Rate was 13.90% 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 Open Text was 43.80% per year. The lowest was 5.50% per year. And the median was 17.20% per year.

As of today (2026-06-28), Open Text's current stock price is €18.445. Open Text's E10 for the quarter that ended in Mar. 2026 was €1.49. Open Text's Shiller PE Ratio of today is 12.38.

During the past 13 years, the highest Shiller PE Ratio of Open Text was 63.61. The lowest was 11.77. And the median was 33.14.


Open Text  (FRA:OTX) 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.

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

Shiller PE Ratio=Share Price/E10
=18.445/1.49
=12.38

* 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 Open Text was 63.61. The lowest was 11.77. And the median was 33.14.


Be Aware

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


Open Text E10 Related Terms


Open Text E10 Historical Data

* Premium members only.

The historical data trend for Open Text'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.

Open Text E10 Chart

Open Text 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 1.14 1.45 1.35 1.45 1.40

Open Text 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 1.47 1.40 1.43 1.48 1.49

FRA:OTX vs CRM, SHOP, UBER: E10 Comparison

For the Software - Application subindustry, Open Text'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.


Open Text Shiller PE Ratio vs Software Industry

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

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


FRA:OTX
80GF Score
Open Text Corp FRA:OTX
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Open Text 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, Open Text'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)
=0.605/132.2623*132.2623
=0.605

Current CPI (Mar. 2026) = 132.2623.

Open Text Quarterly Data

per share eps CPI Adj_EPS
201606 0.312 102.002 0.405
201609 3.323 101.765 4.319
201612 0.171 101.449 0.223
201703 0.075 102.634 0.097
201706 0.151 103.029 0.194
201709 0.117 103.345 0.150
201712 0.270 103.345 0.346
201803 0.178 105.004 0.224
201806 0.197 105.557 0.247
201809 0.111 105.636 0.139
201812 0.343 105.399 0.430
201903 0.239 106.979 0.295
201906 0.239 107.690 0.294
201909 0.245 107.611 0.301
201912 0.360 107.769 0.442
202003 0.090 107.927 0.110
202006 0.080 108.401 0.098
202009 0.323 108.164 0.395
202012 -0.197 108.559 -0.240
202103 0.277 110.298 0.332
202106 0.548 111.720 0.649
202109 0.408 112.905 0.478
202112 0.283 113.774 0.329
202203 0.254 117.646 0.286
202206 0.359 120.806 0.393
202209 -0.434 120.648 -0.476
202212 0.906 120.964 0.991
202303 0.196 122.702 0.211
202306 -0.166 124.203 -0.177
202309 0.281 125.230 0.297
202312 0.128 125.072 0.135
202403 0.331 126.258 0.347
202406 0.845 127.522 0.876
202409 0.288 127.285 0.299
202412 0.831 127.364 0.863
202503 0.324 129.181 0.332
202506 0.095 129.892 0.097
202509 0.494 130.287 0.501
202512 0.564 130.366 0.572
202603 0.605 132.262 0.605

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 €1.49 mean?
Open Text (FRA:OTX) has a E10 of €1.49 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Open Text and its competitors.
Is Open Text's E10 too high?
Open Text's current E10 is €1.49. Overall, Open Text has a GF Score™ of 80/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Open Text's E10 compare to CRM and SHOP?
Open Text's E10 of €1.49 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 Open Text and its competitors. Open Text's current E10 is €1.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Open Text stock overvalued right now?
Based on GuruFocus' analysis, Open Text (FRA:OTX) is currently considered Possible Value Trap. The stock's GF Value™ is €26.73, compared to a current price of €18.45 — trading 31% below its estimated fair value. The current E10 is €1.49. Open Text'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 Open Text (FRA:OTX), the current E10 is €1.49 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 Open Text (FRA:OTX) Overvalued in 2026?

Based on GuruFocus' analysis, Open Text stock appears to be undervalued. The current stock price of €18.45 is trading 31% below its estimated GF Value™ of €26.73. GuruFocus considers Open Text to be Possible Value Trap.

Key valuation signals for FRA:OTX:

  • E10: €1.49
  • GF Value™: €26.73 vs. price of €18.45 (31% below fair value)
  • GF Score™: 80/100 with 4 warning signs

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


Open Text Business Description

Other Exchanges OTEX:USAOTEX:Canada
Address 275 Frank Tompa Drive, Waterloo, ON, CAN, N2L 0A1
Open Text Corp is engaged in the design, development, marketing, and sale of Information Management software and solutions. Its software allows clients to archive, aggregate, retrieve, and search unstructured information (such as documents, e-mail, and presentations). Its platform and services provide secure and scalable solutions for enterprises, SMBs, governments, and consumers around the world. The company's solutions are marketed and delivered on the OpenText Cloud Platform, which is a comprehensive Information Management platform consisting of six business clouds; Content Cloud, Cybersecurity Cloud, Application Automation Cloud, Business Network Cloud, IT Operations Management Cloud, and Analytics Cloud. Geographically, it derives maximum revenue from the United States.
80GF Score

Get the complete analysis for FRA:OTX

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

€18.45
Price
€26.73
GF Value