DLH Holdings (FRA:TS8A) E10: €0.44 (As of Mar. 2026)

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FRA:TS8A DLH Holdings Corp FRA:TS8A
76 GF Score
Price €4.56
GF Value €4.49
Valuation Fairly Valued
! 7 Warning Signs
View Full Analysis

What is DLH Holdings E10?

DLH Holdings FRA:TS8A +1.33% 76 E10 is €0.44 as of Mar. 2026. GuruFocus rates FRA:TS8A with a GF Score™ of 76/100 and a GF Value™ of €4.49 (Fairly Valued). The stock has 7 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.

DLH Holdings's adjusted earnings per share data for the three months ended in Mar. 2026 was €-0.147. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €0.44 for the trailing ten years ended in Mar. 2026.

During the past 12 months, DLH Holdings's average E10 Growth Rate was -19.40% per year. During the past 3 years, the average E10 Growth Rate was -2.80% per year. During the past 5 years, the average E10 Growth Rate was 21.50% 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 DLH Holdings was 67.40% per year. The lowest was -158.80% per year. And the median was 11.15% per year.

As of today (2026-07-16), DLH Holdings's current stock price is €4.56. DLH Holdings's E10 for the quarter that ended in Mar. 2026 was €0.44. DLH Holdings's Shiller PE Ratio of today is 10.36.

During the past 13 years, the highest Shiller PE Ratio of DLH Holdings was 86.00. The lowest was 4.58. And the median was 21.16.


DLH Holdings  (FRA:TS8A) 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.

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

Shiller PE Ratio=Share Price/E10
=4.56/0.44
=10.36

* 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 DLH Holdings was 86.00. The lowest was 4.58. And the median was 21.16.


Be Aware

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


DLH Holdings E10 Related Terms


DLH Holdings E10 Historical Data

* Premium members only.

The historical data trend for DLH 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.

DLH Holdings E10 Chart

DLH Holdings Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.32 0.62 0.63 0.58 0.45

DLH Holdings 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 0.64 0.53 0.45 0.46 0.44

FRA:TS8A vs TISI, ANPA, WFCF: E10 Comparison

For the Specialty Business Services subindustry, DLH 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.


DLH Holdings Shiller PE Ratio vs Business Services Industry

For the Business Services industry and Industrials sector, DLH Holdings's Shiller PE Ratio distribution charts can be found below:

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


FRA:TS8A
76GF Score
DLH Holdings Corp FRA:TS8A
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

DLH 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, DLH Holdings'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)
=-0.147/330.2130*330.2130
=-0.147

Current CPI (Mar. 2026) = 330.2130.

DLH Holdings Quarterly Data

per share eps CPI Adj_EPS
201606 0.062 241.018 0.085
201609 0.178 241.428 0.243
201612 0.028 241.432 0.038
201703 0.075 243.801 0.102
201706 0.071 244.955 0.096
201709 0.067 246.819 0.090
201712 -0.203 246.524 -0.272
201803 0.081 249.554 0.107
201806 0.111 251.989 0.145
201809 0.120 252.439 0.157
201812 0.114 251.233 0.150
201903 0.089 254.202 0.116
201906 0.053 256.143 0.068
201909 0.109 256.759 0.140
201912 0.108 256.974 0.139
202003 0.145 258.115 0.186
202006 0.142 257.797 0.182
202009 0.085 260.280 0.108
202012 0.107 260.474 0.136
202103 0.160 264.877 0.199
202106 0.174 271.696 0.211
202109 0.179 274.310 0.215
202112 0.487 278.802 0.577
202203 0.454 287.504 0.521
202206 0.322 296.311 0.359
202209 0.242 296.808 0.269
202212 0.104 296.797 0.116
202303 0.056 301.836 0.061
202306 0.111 305.109 0.120
202309 -0.178 307.789 -0.191
202312 0.138 306.746 0.149
202403 0.110 312.332 0.116
202406 0.074 314.175 0.078
202409 0.144 315.301 0.151
202412 0.076 315.605 0.080
202503 0.055 319.799 0.057
202506 0.017 322.561 0.017
202509 -0.060 324.800 -0.061
202512 -0.077 324.054 -0.078
202603 -0.147 330.213 -0.147

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 €0.44 mean?
DLH Holdings (FRA:TS8A) has a E10 of €0.44 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on DLH Holdings and its competitors.
Is DLH Holdings' E10 too high?
DLH Holdings' current E10 is €0.44. Overall, DLH Holdings has a GF Score™ of 76/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does DLH Holdings' E10 compare to TISI and ANPA?
DLH Holdings' E10 of €0.44 can be compared against companies in the Business Services 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 Business Services company?
A good E10 depends on the Business Services 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 DLH Holdings and its competitors. DLH Holdings's current E10 is €0.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is DLH Holdings stock overvalued right now?
Based on GuruFocus' analysis, DLH Holdings (FRA:TS8A) is currently considered Fairly Valued. The stock's GF Value™ is €4.49, compared to a current price of €4.56 — trading 1.6% above its estimated fair value. The current E10 is €0.44. DLH Holdings' overall GF Score™ is 76/100 with 7 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 DLH Holdings (FRA:TS8A), the current E10 is €0.44 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 DLH Holdings (FRA:TS8A) Overvalued in 2026?

Based on GuruFocus' analysis, DLH Holdings stock appears to be overvalued. The current stock price of €4.56 is trading 1.6% above its estimated GF Value™ of €4.49. GuruFocus considers DLH Holdings to be Fairly Valued.

Key valuation signals for FRA:TS8A:

  • E10: €0.44
  • GF Value™: €4.49 vs. price of €4.56 (1.6% above fair value)
  • GF Score™: 76/100 with 7 warning signs

No single metric tells the full story. See the FRA:TS8A stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


DLH Holdings Business Description

Other Exchanges DLHC:USA
Address 3565 Piedmont Road, Building 3, Suite 700, Atlanta, GA, USA, 30305
DLH Holdings Corp delivers health and readiness solutions for federal government customers through digital transformation and cyber security, science research and development, and systems engineering and integration. It provides technology-enabled business process, program management, and digital transformation solutions to U.S. government agencies, focusing on large-scale, technology-powered health and defense initiatives for agencies including HHS, VA, DoD, and their sub-agencies. Its revenues come from technology-enabled business process outsourcing, program management solutions, and public health research and analytics under time-and-materials, cost-reimbursable, and firm-fixed-price contracts.
76GF Score

Get the complete analysis for FRA:TS8A

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

€4.56
Price
€4.49
GF Value