Tidewater (FRA:TD9) E10: €-6.75 (As of Mar. 2026)


FRA:TD9 Tidewater Inc FRA:TD9
82 GF Score
Price €63.94
GF Value €72.63
Valuation Modestly Undervalued
! 3 Warning Signs
View Full Analysis

What is Tidewater E10?

Tidewater FRA:TD9 +1.17% 82 E10 is €-6.75 as of Mar. 2026. GuruFocus rates FRA:TD9 with a GF Score™ of 82/100 and a GF Value™ of €72.63 (Modestly Undervalued). The stock has 3 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.

Tidewater's adjusted earnings per share data for the three months ended in Mar. 2026 was €0.104. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €-6.75 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.

As of today (2026-07-13), Tidewater's current stock price is €63.94. Tidewater's E10 for the quarter that ended in Mar. 2026 was €-6.75. Tidewater's Shiller PE Ratio of today is .


Tidewater  (FRA:TD9) 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.


Be Aware

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


Tidewater E10 Related Terms


Tidewater E10 Historical Data

* Premium members only.

The historical data trend for Tidewater'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.

Tidewater E10 Chart

Tidewater Annual Data
Trend Mar16 Mar17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 -6.60 -7.10 -6.60

Tidewater 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 -7.14 -6.84 -7.21 -6.60 -6.75

FRA:TD9 vs WHD, USAC, NESR: E10 Comparison

For the Oil & Gas Equipment & Services subindustry, Tidewater'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.


Tidewater Shiller PE Ratio vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Tidewater's Shiller PE Ratio distribution charts can be found below:

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


FRA:TD9
82GF Score
Tidewater Inc FRA:TD9
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tidewater 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, Tidewater'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)
=0.104/330.2130*330.2130
=0.104

Current CPI (Mar. 2026) = 330.2130.

Tidewater Quarterly Data

per share eps CPI Adj_EPS
201509 -2.116 237.945 -2.937
201603 0.000 238.132 0.000
201606 -4.296 241.018 -5.886
201609 -8.617 241.428 -11.786
201703 0.000 243.801 0.000
201706 -25.289 244.955 -34.091
201709 0.000 246.819 0.000
201803 -1.354 249.554 -1.792
201806 -0.377 251.989 -0.494
201809 -0.994 252.439 -1.300
201812 -2.488 251.233 -3.270
201903 -0.513 254.202 -0.666
201906 -0.372 256.143 -0.480
201909 -1.044 256.759 -1.343
201912 -1.368 256.974 -1.758
202003 -0.416 258.115 -0.532
202006 -2.433 257.797 -3.116
202009 -0.798 260.280 -1.012
202012 -0.592 260.474 -0.751
202103 -0.731 264.877 -0.911
202106 -0.598 271.696 -0.727
202109 -0.544 274.310 -0.655
202112 -0.814 278.802 -0.964
202203 -0.263 287.504 -0.302
202206 -0.577 296.311 -0.643
202209 0.101 296.808 0.112
202212 0.189 296.797 0.210
202303 0.196 301.836 0.214
202306 0.397 305.109 0.430
202309 0.459 307.789 0.492
202312 0.651 306.746 0.701
202403 0.819 312.332 0.866
202406 0.873 314.175 0.918
202409 0.784 315.301 0.821
202412 0.669 315.605 0.700
202503 0.768 319.799 0.793
202506 1.266 322.561 1.296
202509 -0.017 324.800 -0.017
202512 3.766 324.054 3.838
202603 0.104 330.213 0.104

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 €-6.75 mean?
Tidewater (FRA:TD9) has a E10 of €-6.75 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Tidewater and its competitors.
Is Tidewater's E10 too high?
Tidewater's current E10 is €-6.75. Overall, Tidewater has a GF Score™ of 82/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Tidewater's E10 compare to WHD and USAC?
Tidewater's E10 of €-6.75 can be compared against companies in the Oil & Gas 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 Oil & Gas company?
A good E10 depends on the Oil & Gas 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 Tidewater and its competitors. Tidewater's current E10 is €-6.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tidewater stock overvalued right now?
Based on GuruFocus' analysis, Tidewater (FRA:TD9) is currently considered Modestly Undervalued. The stock's GF Value™ is €72.63, compared to a current price of €63.94 — trading 12% below its estimated fair value. The current E10 is €-6.75. Tidewater's overall GF Score™ is 82/100 with 3 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 Tidewater (FRA:TD9), the current E10 is €-6.75 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 Tidewater (FRA:TD9) Overvalued in 2026?

Based on GuruFocus' analysis, Tidewater stock appears to be undervalued. The current stock price of €63.94 is trading 12% below its estimated GF Value™ of €72.63. GuruFocus considers Tidewater to be Modestly Undervalued.

Key valuation signals for FRA:TD9:

  • E10: €-6.75
  • GF Value™: €72.63 vs. price of €63.94 (12% below fair value)
  • GF Score™: 82/100 with 3 warning signs

No single metric tells the full story. See the FRA:TD9 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tidewater Business Description

Industry EnergyOil & Gas
Other Exchanges TDW:USATDW:Mexico
Address 842 West Sam Houston Parkway North, Suite 400, Houston, TX, USA, 77024
Tidewater Inc provides marine and transportation services to the offshore energy industry. The company's vessels and associated services support all phases of offshore crude oil and natural gas (also referred to as oil and gas) exploration activities, field development, production, and maintenance, as well as windfarm development and maintenance. Its services include towing and anchor handling for mobile offshore drilling units; transporting supplies and personnel necessary to sustain drilling, workovers, production activities, field abandonment, dismantlement, and restoration activities; and Others. The group manages its business through five segments, including the Americas, Asia Pacific, Middle East, Europe/Mediterranean, and West Africa.
82GF Score

Get the complete analysis for FRA:TD9

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

€63.94
Price
€72.63
GF Value