Meridian Holdings (FRA:SE0) E10: €1,269.78 (As of Jun. 2026)

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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.
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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:SE0 Meridian Holdings Inc FRA:SE0
74 GF Score
Price €11.42
GF Value €20.06
! 8 Warning Signs
View Full Analysis

What is Meridian Holdings E10?

Meridian Holdings FRA:SE0 +3.07% 74 E10 is €1,269.78 as of Jun. 2026. GuruFocus rates FRA:SE0 with a GF Score™ of 74/100 and a GF Value™ of €20.06. The stock has 8 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.

Meridian Holdings's adjusted earnings per share data for the three months ended in Jun. 2026 was €0.148. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €1,269.78 for the trailing ten years ended in Jun. 2026.

During the past 3 years, the average E10 Growth Rate was 8.60% 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 Meridian Holdings was 18.30% per year. The lowest was 8.60% per year. And the median was 15.70% per year.

As of today (2026-08-15), Meridian Holdings's current stock price is €11.42. Meridian Holdings's E10 for the quarter that ended in Jun. 2026 was €1,269.78. Meridian Holdings's Shiller PE Ratio of today is 0.01.

During the past 13 years, the highest Shiller PE Ratio of Meridian Holdings was 0.01. The lowest was 0.01. And the median was 0.01.


Meridian Holdings  (FRA:SE0) 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.

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

Shiller PE Ratio=Share Price/E10
=11.42/1269.78
=0.01

* 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 Meridian Holdings was 0.01. The lowest was 0.01. And the median was 0.01.


Be Aware

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


Meridian Holdings E10 Related Terms


Meridian Holdings E10 Historical Data

* Premium members only.

The historical data trend for Meridian Holdings'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.

Meridian Holdings E10 Chart

Meridian Holdings Annual Data
Trend Jul15 Jul16 Jul17 Jul18 Jul19 Jan21 Oct22 Oct23 Dec24 Dec25
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 -582,118.36 -488,044.55 -459,523.86 -366,595.65

Meridian Holdings Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 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 -377,424.92 0.00 -366,595.65 -323,285.75 1,269.78

FRA:SE0 vs INSE, ROLR, GRSD: E10 Comparison

For the Gambling subindustry, Meridian Holdings'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.


Meridian Holdings Shiller PE Ratio vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Meridian Holdings's Shiller PE Ratio distribution charts can be found below:

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


FRA:SE0
74GF Score
Meridian Holdings Inc FRA:SE0
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Meridian Holdings 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, Meridian Holdings'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)
=0.148/333.9520*333.9520
=0.148

Current CPI (Jun. 2026) = 333.9520.

Meridian Holdings Quarterly Data

per share eps CPI Adj_EPS
201607 9,877.770 240.628 13,708.717
201610 16.343 241.729 22.578
201701 1.139 242.839 1.566
201704 0.259 244.524 0.354
201707 1.939 244.786 2.645
201710 -2.619 246.663 -3.546
201801 0.055 247.867 0.074
201804 -0.035 250.546 -0.047
201807 -0.534 252.006 -0.708
201810 0.188 252.885 0.248
201901 0.233 251.712 0.309
201904 0.157 255.548 0.205
201907 0.372 256.571 0.484
201910 0.211 257.346 0.274
202001 0.170 257.971 0.220
202004 0.090 256.389 0.117
202007 0.028 259.101 0.036
202010 0.010 260.388 0.013
202101 0.000 261.582 0.000
202104 0.037 267.054 0.046
202107 0.102 273.003 0.125
202110 0.000 276.589 0.000
202201 0.106 281.148 0.126
202204 0.222 289.109 0.256
202207 0.236 296.276 0.266
202210 -0.853 298.012 -0.956
202301 -0.111 299.170 -0.124
202304 -0.109 303.363 -0.120
202307 -0.325 305.691 -0.355
202310 0.341 307.671 0.370
202401 0.021 308.417 0.023
202406 0.006 314.175 0.006
202409 -0.324 315.301 -0.343
202412 -0.267 315.605 -0.283
202503 -0.018 319.799 -0.019
202506 -0.269 322.561 -0.278
202509 0.000 324.800 0.000
202512 -6.055 324.054 -6.240
202603 0.156 330.213 0.158
202606 0.148 333.952 0.148

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 €1,269.78 mean?
Meridian Holdings (FRA:SE0) has a E10 of €1,269.78 as of Jun. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Meridian Holdings and its competitors.
Is Meridian Holdings' E10 too high?
Meridian Holdings' current E10 is €1,269.78. Overall, Meridian Holdings has a GF Score™ of 74/100, reflecting its overall financial health beyond just this single metric.
How does Meridian Holdings' E10 compare to INSE and ROLR?
Meridian Holdings' E10 of €1,269.78 can be compared against companies in the Travel & Leisure 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 Travel & Leisure company?
A good E10 depends on the Travel & Leisure 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 Meridian Holdings and its competitors. Meridian Holdings's current E10 is €1,269.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Meridian Holdings stock overvalued right now?
Meridian Holdings (FRA:SE0) has a current E10 of €1,269.78. The stock's GF Value™ is €20.06, compared to a current price of €11.42 — trading 43.1% below its estimated fair value. The current E10 is €1,269.78. Meridian Holdings' overall GF Score™ is 74/100 with 8 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 Meridian Holdings (FRA:SE0), the current E10 is €1,269.78 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 Meridian Holdings (FRA:SE0) Overvalued in 2026?

Based on GuruFocus' analysis, Meridian Holdings stock appears to be undervalued. The current stock price of €11.42 is trading 43.1% below its estimated GF Value™ of €20.06.

Key valuation signals for FRA:SE0:

  • E10: €1,269.78
  • GF Value™: €20.06 vs. price of €11.42 (43.1% below fair value)
  • GF Score™: 74/100 with 8 warning signs

No single metric tells the full story. See the FRA:SE0 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Meridian Holdings Business Description

Other Exchanges MRDN:USA
Address 3651 Lindell Road, Suite D555, Las Vegas, NV, USA, 89103
Meridian Holdings Inc is engaged in the online gaming and betting business, providing sports betting, online casino, and gaming operations across multiple jurisdictions in Europe, Africa, and Central and South America. The company has three reportable segments: MeridianBet Group, GMAG, and RKings & CFAC. The MeridianBet Group segment includes retail and online sports betting, casinos, and related gaming operations. The GMAG segment focuses on the resale of third-party gaming content, mainly serving customers in the Asia-Pacific region. The RKings & CFAC segment is involved in pay-to-enter prize competitions and trade promotions conducted in the United Kingdom and Australia. It generates the majority of its revenue from the MeridianBet Group segment.
74GF Score

Get the complete analysis for FRA:SE0

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

€11.42
Price
€20.06
GF Value