Evercore (FRA:QGJ) E10: €9.48 (As of Jun. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

FRA:QGJ Evercore Inc FRA:QGJ
86 GF Score
Price €242.40
GF Value €318.53
Valuation Modestly Undervalued
! 1 Warning Sign
View Full Analysis

What is Evercore E10?

Evercore FRA:QGJ -4.04% 86 E10 is €9.48 as of Jun. 2026. GuruFocus rates FRA:QGJ with a GF Score™ of 86/100 and a GF Value™ of €318.53 (Modestly Undervalued). The stock has 1 warning sign 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.

Evercore's adjusted earnings per share data for the three months ended in Jun. 2026 was €2.014. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €9.48 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Evercore's average E10 Growth Rate was 21.20% per year. During the past 3 years, the average E10 Growth Rate was 12.90% per year. During the past 5 years, the average E10 Growth Rate was 20.60% per year. During the past 10 years, the average E10 Growth Rate was 31.10% 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 Evercore was 87.10% per year. The lowest was 4.40% per year. And the median was 32.55% per year.

As of today (2026-08-22), Evercore's current stock price is €242.40. Evercore's E10 for the quarter that ended in Jun. 2026 was €9.48. Evercore's Shiller PE Ratio of today is 25.57.

During the past 13 years, the highest Shiller PE Ratio of Evercore was 212.73. The lowest was 12.35. And the median was 31.38.


Evercore  (FRA:QGJ) 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.

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

Shiller PE Ratio=Share Price/E10
=242.40/9.48
=25.57

* 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 Evercore was 212.73. The lowest was 12.35. And the median was 31.38.


Be Aware

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


Evercore E10 Related Terms


Evercore E10 Historical Data

* Premium members only.

The historical data trend for Evercore'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.

Evercore E10 Chart

Evercore 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 4.88 6.54 6.95 8.07 8.51

Evercore Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 7.77 8.12 8.51 9.03 9.48

FRA:QGJ vs IREN, JEF, HUT: E10 Comparison

For the Capital Markets subindustry, Evercore'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.


Evercore Shiller PE Ratio vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Evercore's Shiller PE Ratio distribution charts can be found below:

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


FRA:QGJ
86GF Score
Evercore Inc FRA:QGJ
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Evercore 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, Evercore's adjusted earnings per share data for the three months ended in Jun. 2026 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=2.014/333.9520*333.9520
=2.014

Current CPI (Jun. 2026) = 333.9520.

Evercore Quarterly Data

per share eps CPI Adj_EPS
201609 0.704 241.428 0.974
201612 0.929 241.432 1.285
201703 1.646 243.801 2.255
201706 0.365 244.955 0.498
201709 0.873 246.819 1.181
201712 -0.422 246.524 -0.572
201803 1.703 249.554 2.279
201806 1.301 251.989 1.724
201809 0.926 252.439 1.225
201812 3.226 251.233 4.288
201903 1.345 254.202 1.767
201906 1.664 256.143 2.169
201909 0.917 256.759 1.193
201912 2.232 256.974 2.901
202003 0.670 258.115 0.867
202006 1.199 257.797 1.553
202009 0.857 260.280 1.100
202012 4.126 260.474 5.290
202103 2.730 264.877 3.442
202106 2.664 271.696 3.274
202109 3.179 274.310 3.870
202112 6.160 278.802 7.379
202203 3.441 287.504 3.997
202206 2.204 296.311 2.484
202209 2.050 296.808 2.307
202212 3.247 296.797 3.653
202303 1.924 301.836 2.129
202306 0.877 305.109 0.960
202309 1.218 307.789 1.322
202312 1.862 306.746 2.027
202403 1.923 312.332 2.056
202406 1.681 314.175 1.787
202409 1.676 315.301 1.775
202412 3.152 315.605 3.335
202503 3.219 319.799 3.361
202506 2.046 322.561 2.118
202509 2.905 324.800 2.987
202512 4.065 324.054 4.189
202603 6.228 330.213 6.299
202606 2.014 333.952 2.014

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 €9.48 mean?
Evercore (FRA:QGJ) has a E10 of €9.48 as of Jun. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Evercore and its competitors.
Is Evercore's E10 too high?
Evercore's current E10 is €9.48. Overall, Evercore has a GF Score™ of 86/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Evercore's E10 compare to IREN and JEF?
Evercore's E10 of €9.48 can be compared against companies in the Capital Markets 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 Capital Markets company?
A good E10 depends on the Capital Markets 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 Evercore and its competitors. Evercore's current E10 is €9.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Evercore stock overvalued right now?
Based on GuruFocus' analysis, Evercore (FRA:QGJ) is currently considered Modestly Undervalued. The stock's GF Value™ is €318.53, compared to a current price of €242.40 — trading 23.9% below its estimated fair value. The current E10 is €9.48. Evercore's overall GF Score™ is 86/100 with 1 warning sign 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 Evercore (FRA:QGJ), the current E10 is €9.48 as of Jun. 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 Evercore (FRA:QGJ) Overvalued in 2026?

Based on GuruFocus' analysis, Evercore stock appears to be undervalued. The current stock price of €242.40 is trading 23.9% below its estimated GF Value™ of €318.53. GuruFocus considers Evercore to be Modestly Undervalued.

Key valuation signals for FRA:QGJ:

  • E10: €9.48
  • GF Value™: €318.53 vs. price of €242.40 (23.9% below fair value)
  • GF Score™: 86/100 with 1 warning sign

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


Evercore Business Description

Address 55 East 52nd Street, New York, NY, USA, 10055
Evercore is a leading independent investment banking advisory firm that generates most of its revenue through merger and acquisition and restructuring advisory services, with much smaller capital raising, equities trading, and investment management businesses. Founded in 1995, it has built a reputation for advising on some of the world's largest and most complex transactions. Evercore operates globally, with a strong presence in the US and Europe, serving corporations, financial sponsors, and government clients. Its business model emphasizes high-touch, conflict-free advice rather than balance sheet lending, allowing it to compete with larger bulge-bracket banks.
86GF Score

Get the complete analysis for FRA:QGJ

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

€242.40
Price
€318.53
GF Value