Patriot National Bancorp (FRA:PN21) E10: €-0.62 (As of Mar. 2026)


FRA:PN21 Patriot National Bancorp Inc FRA:PN21
23 GF Score
Price €1.10
GF Value €0.10
Valuation Significantly Overvalued
! 2 Warning Signs
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What is Patriot National Bancorp E10?

Patriot National Bancorp FRA:PN21 +19.57% 23 E10 is €-0.62 as of Mar. 2026. GuruFocus rates FRA:PN21 with a GF Score™ of 23/100 and a GF Value™ of €0.10 (Significantly Overvalued). The stock has 2 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.

Patriot National Bancorp's adjusted earnings per share data for the three months ended in Mar. 2026 was €-0.017. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €-0.62 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 Patriot National Bancorp was 77.80% per year. The lowest was -45.30% per year. And the median was -7.25% per year.

As of today (2026-07-06), Patriot National Bancorp's current stock price is €1.10. Patriot National Bancorp's E10 for the quarter that ended in Mar. 2026 was €-0.62. Patriot National Bancorp's Shiller PE Ratio of today is .

During the past 13 years, the highest Shiller PE Ratio of Patriot National Bancorp was 58.22. The lowest was 2.13. And the median was 15.87.


Patriot National Bancorp  (FRA:PN21) 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 Patriot National Bancorp was 58.22. The lowest was 2.13. And the median was 15.87.


Be Aware

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


Patriot National Bancorp E10 Related Terms


Patriot National Bancorp E10 Historical Data

* Premium members only.

The historical data trend for Patriot National Bancorp'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.

Patriot National Bancorp E10 Chart

Patriot National Bancorp 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 0.43 0.66 0.90 -0.57 -0.61

Patriot National Bancorp 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 -0.59 -0.50 -0.57 -0.61 -0.62

FRA:PN21 vs KTHN, UNIB, MPCB: E10 Comparison

For the Banks - Regional subindustry, Patriot National Bancorp'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.


Patriot National Bancorp Shiller PE Ratio vs Banks Industry

For the Banks industry and Financial Services sector, Patriot National Bancorp's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Patriot National Bancorp's Shiller PE Ratio falls into.


FRA:PN21
23GF Score
Patriot National Bancorp Inc FRA:PN21
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Patriot National Bancorp 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, Patriot National Bancorp'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)
=-0.017/330.2130*330.2130
=-0.017

Current CPI (Mar. 2026) = 330.2130.

Patriot National Bancorp Quarterly Data

per share eps CPI Adj_EPS
201606 -0.134 241.018 -0.184
201609 0.187 241.428 0.256
201612 0.256 241.432 0.350
201703 0.411 243.801 0.557
201706 0.187 244.955 0.252
201709 0.218 246.819 0.292
201712 0.127 246.524 0.170
201803 0.219 249.554 0.290
201806 0.223 251.989 0.292
201809 0.171 252.439 0.224
201812 0.035 251.233 0.046
201903 0.071 254.202 0.092
201906 -0.372 256.143 -0.480
201909 0.009 256.759 0.012
201912 -0.351 256.974 -0.451
202003 -0.244 258.115 -0.312
202006 -0.284 257.797 -0.364
202009 -0.017 260.280 -0.022
202012 -0.288 260.474 -0.365
202103 0.185 264.877 0.231
202106 0.216 271.696 0.263
202109 0.289 274.310 0.348
202112 0.425 278.802 0.503
202203 0.182 287.504 0.209
202206 0.303 296.311 0.338
202209 0.596 296.808 0.663
202212 0.425 296.797 0.473
202303 -0.168 301.836 -0.184
202306 -0.148 305.109 -0.160
202309 -0.890 307.789 -0.955
202312 0.211 306.746 0.227
202403 -0.074 312.332 -0.078
202406 -0.715 314.175 -0.751
202409 -6.109 315.301 -6.398
202412 -2.292 315.605 -2.398
202503 -0.194 319.799 -0.200
202506 -0.052 322.561 -0.053
202509 -0.026 324.800 -0.026
202512 -0.017 324.054 -0.017
202603 -0.017 330.213 -0.017

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 €-0.62 mean?
Patriot National Bancorp (FRA:PN21) has a E10 of €-0.62 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Patriot National Bancorp and its competitors.
Is Patriot National Bancorp's E10 too high?
Patriot National Bancorp's current E10 is €-0.62. Overall, Patriot National Bancorp has a GF Score™ of 23/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Patriot National Bancorp's E10 compare to KTHN and UNIB?
Patriot National Bancorp's E10 of €-0.62 can be compared against companies in the Banks 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 Banks company?
A good E10 depends on the Banks 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 Patriot National Bancorp and its competitors. Patriot National Bancorp's current E10 is €-0.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Patriot National Bancorp stock overvalued right now?
Based on GuruFocus' analysis, Patriot National Bancorp (FRA:PN21) is currently considered Significantly Overvalued. The stock's GF Value™ is €0.10, compared to a current price of €1.10 — trading 1000% above its estimated fair value. The current E10 is €-0.62. Patriot National Bancorp's overall GF Score™ is 23/100 with 2 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 Patriot National Bancorp (FRA:PN21), the current E10 is €-0.62 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 Patriot National Bancorp (FRA:PN21) Overvalued in 2026?

Based on GuruFocus' analysis, Patriot National Bancorp stock appears to be overvalued. The current stock price of €1.10 is trading 1000% above its estimated GF Value™ of €0.10. GuruFocus considers Patriot National Bancorp to be Significantly Overvalued.

Key valuation signals for FRA:PN21:

  • E10: €-0.62
  • GF Value™: €0.10 vs. price of €1.10 (1000% above fair value)
  • GF Score™: 23/100 with 2 warning signs

No single metric tells the full story. See the FRA:PN21 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Patriot National Bancorp Business Description

Other Exchanges PNBK:USA
Address 900 Bedford Street, Stamford, CT, USA, 06901
Patriot National Bancorp Inc provides consumer and commercial banking services to individuals, small and medium-sized businesses, professionals, and municipalities in Fairfield and New Haven Counties in Connecticut and Westchester County, New York. Its products include checking accounts, savings accounts, money market accounts, time certificates of deposit, and individual retirement accounts. The Bank's lending portfolio is comprised of commercial mortgage and construction loans, commercial loans, home improvement loans, home equity lines of credit, and other personal loans. In addition, the Bank offers bank checks, money orders, automated teller machines, interactive teller machines, online and mobile banking, credit cards, and debit cards.
23GF Score

Get the complete analysis for FRA:PN21

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

€1.10
Price
€0.10
GF Value