Embracer Group AB (FRA:TH92) E10: €-0.37 (As of Mar. 2026)


FRA:TH92 Embracer Group AB FRA:TH92
64 GF Score
Price €5.55
GF Value €3.67
Valuation Significantly Overvalued
! 2 Warning Signs
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What is Embracer Group AB E10?

Embracer Group AB FRA:TH92 +0.76% 64 E10 is €-0.37 as of Mar. 2026. GuruFocus rates FRA:TH92 with a GF Score™ of 64/100 and a GF Value™ of €3.67 (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.

Embracer Group AB's adjusted earnings per share data for the three months ended in Mar. 2026 was €-2.978. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €-0.37 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 (2026-06-27), Embracer Group AB's current stock price is €5.554. Embracer Group AB's E10 for the quarter that ended in Mar. 2026 was €-0.37. Embracer Group AB's Shiller PE Ratio of today is .


Embracer Group AB  (FRA:TH92) 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.


Embracer Group AB E10 Related Terms


Embracer Group AB E10 Historical Data

* Premium members only.

The historical data trend for Embracer Group AB'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.

Embracer Group AB E10 Chart

Embracer Group AB Annual Data
Trend Dec15 Dec16 Dec17 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 -0.37

Embracer Group AB 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 0.00 0.00 -0.14 -0.07 -0.37

FRA:TH92 vs NTES, EA, TTWO: E10 Comparison

For the Electronic Gaming & Multimedia subindustry, Embracer Group AB'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.


Embracer Group AB Shiller PE Ratio vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Embracer Group AB's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Embracer Group AB's Shiller PE Ratio falls into.


FRA:TH92
64GF Score
Embracer Group AB FRA:TH92
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Embracer Group AB 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, Embracer Group AB'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)
=-2.978/133.3862*133.3862
=-2.978

Current CPI (Mar. 2026) = 133.3862.

Embracer Group AB Quarterly Data

per share eps CPI Adj_EPS
201603 0.019 100.751 0.025
201606 0.019 101.019 0.025
201609 0.022 101.138 0.029
201612 0.054 102.022 0.071
201703 0.035 102.022 0.046
201706 0.033 102.752 0.043
201709 0.027 103.279 0.035
201712 0.093 103.793 0.120
201803 0.100 103.962 0.128
201806 0.041 104.875 0.052
201809 0.071 105.679 0.090
201903 0.105 105.886 0.132
201906 0.048 106.742 0.060
201909 0.059 107.214 0.073
201912 0.031 107.766 0.038
202003 0.099 106.563 0.124
202006 0.074 107.498 0.092
202009 0.173 107.635 0.214
202012 -0.136 108.296 -0.168
202103 0.112 108.360 0.138
202106 0.042 108.928 0.051
202109 1.322 110.338 1.598
202112 -0.806 112.486 -0.956
202203 0.074 114.825 0.086
202206 -0.091 118.384 -0.103
202209 1.222 122.296 1.333
202212 0.753 126.365 0.795
202303 0.358 127.042 0.376
202306 1.023 129.407 1.054
202309 -0.238 130.224 -0.244
202312 -0.794 131.912 -0.803
202403 -7.910 132.205 -7.981
202406 -0.957 132.716 -0.962
202409 -0.192 132.304 -0.194
202412 0.417 132.987 0.418
202503 3.310 132.825 3.324
202506 -0.183 133.699 -0.183
202509 -0.009 133.482 -0.009
202512 0.627 133.386 0.627
202603 -2.978 133.386 -2.978

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 €-0.37 mean?
Embracer Group AB (FRA:TH92) has a E10 of €-0.37 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Embracer Group AB and its competitors.
Is Embracer Group AB's E10 too high?
Embracer Group AB's current E10 is €-0.37. Overall, Embracer Group AB has a GF Score™ of 64/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Embracer Group AB's E10 compare to NTES and EA?
Embracer Group AB's E10 of €-0.37 can be compared against companies in the Interactive Media 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 Interactive Media company?
A good E10 depends on the Interactive Media 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 Embracer Group AB and its competitors. Embracer Group AB's current E10 is €-0.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Embracer Group AB stock overvalued right now?
Based on GuruFocus' analysis, Embracer Group AB (FRA:TH92) is currently considered Significantly Overvalued. The stock's GF Value™ is €3.67, compared to a current price of €5.55 — trading 51.3% above its estimated fair value. The current E10 is €-0.37. Embracer Group AB's overall GF Score™ is 64/100 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 Embracer Group AB (FRA:TH92), the current E10 is €-0.37 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 Embracer Group AB (FRA:TH92) Overvalued in 2026?

Based on GuruFocus' analysis, Embracer Group AB stock appears to be overvalued. The current stock price of €5.55 is trading 51.3% above its estimated GF Value™ of €3.67. GuruFocus considers Embracer Group AB to be Significantly Overvalued.

Key valuation signals for FRA:TH92:

  • E10: €-0.37
  • GF Value™: €3.67 vs. price of €5.55 (51.3% above fair value)
  • GF Score™: 64/100 with 2 warning signs

No single metric tells the full story. See the FRA:TH92 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Embracer Group AB Business Description

Address Tullhusgatan 1B, Karlstad, SWE, 652 09
Embracer Group AB is a parent company of businesses led by entrepreneurs in PC, console, mobile, and board games and other related media. The Group has an extensive catalog of several owned or controlled franchises and has a presence in various regions through its operative groups, namely THQ Nordic, Plaion, Coffee Stain, Amplifier Game Invest, and others. Its operating segments are: PC/Console Games, Mobile Games, and Entertainment & Services. Maximum revenue is derived from the Entertainment & Services segment, which is engaged in the development, publishing, and distribution of comic books, wholesale of publishing titles of games for console and PC, as well as films, and externally distributes films and TV series. Geographically, the Group generates maximum revenue from the USA.
64GF Score

Get the complete analysis for FRA:TH92

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

€5.55
Price
€3.67
GF Value