EQB (FRA:V22) E10: €4.85 (As of Apr. 2026)


FRA:V22 EQB Inc FRA:V22
83 GF Score
Price €78.00
GF Value €68.43
Valuation Modestly Overvalued
! 7 Warning Signs
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What is EQB E10?

EQB FRA:V22 -1.27% 83 E10 is €4.85 as of Apr. 2026. GuruFocus rates FRA:V22 with a GF Score™ of 83/100 and a GF Value™ of €68.43 (Modestly Overvalued). 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.

EQB's adjusted earnings per share data for the three months ended in Apr. 2026 was €0.802. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €4.85 for the trailing ten years ended in Apr. 2026.

During the past 12 months, EQB's average E10 Growth Rate was 2.50% per year. During the past 3 years, the average E10 Growth Rate was 14.20% per year. During the past 5 years, the average E10 Growth Rate was 15.90% per year. During the past 10 years, the average E10 Growth Rate was 14.80% 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 EQB was 19.00% per year. The lowest was 13.10% per year. And the median was 14.90% per year.

As of today (2026-06-28), EQB's current stock price is €78.00. EQB's E10 for the quarter that ended in Apr. 2026 was €4.85. EQB's Shiller PE Ratio of today is 16.08.

During the past 13 years, the highest Shiller PE Ratio of EQB was 16.98. The lowest was 6.44. And the median was 11.69.


EQB  (FRA:V22) 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.

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

Shiller PE Ratio=Share Price/E10
=78.00/4.85
=16.08

* 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 EQB was 16.98. The lowest was 6.44. And the median was 11.69.


Be Aware

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


EQB E10 Related Terms


EQB E10 Historical Data

* Premium members only.

The historical data trend for EQB'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.

EQB E10 Chart

EQB Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Oct24 Oct25
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 4.83 4.53

EQB Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
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 4.84 4.94 4.53 4.72 4.85

FRA:V22 vs PNC, USB: E10 Comparison

For the Banks - Regional subindustry, EQB'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.


EQB Shiller PE Ratio vs Banks Industry

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

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


FRA:V22
83GF Score
EQB Inc FRA:V22
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

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

Adj_EPS= Earnings per Share (Diluted) /CPI of Apr. 2026 (Change)*Current CPI (Apr. 2026)
=0.802/132.2623*132.2623
=0.802

Current CPI (Apr. 2026) = 132.2623.

EQB Quarterly Data

per share eps CPI Adj_EPS
201603 0.581 101.054 0.760
201606 0.707 102.002 0.917
201609 0.734 101.765 0.954
201612 0.910 101.449 1.186
201703 0.887 102.634 1.143
201706 0.763 103.029 0.979
201709 0.755 103.345 0.966
201712 0.781 103.345 1.000
201803 0.734 105.004 0.925
201806 0.714 105.557 0.895
201809 0.921 105.636 1.153
201812 0.765 105.399 0.960
201903 0.801 106.979 0.990
201906 1.049 107.690 1.288
201909 1.090 107.611 1.340
201912 1.100 107.769 1.350
202003 0.473 107.927 0.580
202006 0.999 108.401 1.219
202009 1.380 108.164 1.687
202012 1.325 108.559 1.614
202103 1.323 110.298 1.586
202106 1.372 111.720 1.624
202109 1.389 112.905 1.627
202112 1.576 113.774 1.832
202203 1.800 117.646 2.024
202206 1.234 120.806 1.351
202209 1.681 120.648 1.843
202212 0.792 120.964 0.866
202303 1.747 122.702 1.883
202306 2.355 124.203 2.508
202401 1.819 125.072 1.924
202404 1.820 126.890 1.897
202407 1.909 128.075 1.971
202410 1.295 127.838 1.340
202501 1.860 127.443 1.930
202504 1.407 129.102 1.441
202507 1.189 130.287 1.207
202510 -0.141 130.603 -0.143
202601 1.304 130.366 1.323
202604 0.802 132.262 0.802

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 €4.85 mean?
EQB (FRA:V22) has a E10 of €4.85 as of Apr. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on EQB and its competitors.
Is EQB's E10 too high?
EQB's current E10 is €4.85. Overall, EQB has a GF Score™ of 83/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does EQB's E10 compare to PNC and USB?
EQB's E10 of €4.85 can be compared against companies in the Banks 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 Banks company?
A good E10 depends on the Banks 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 EQB and its competitors. EQB's current E10 is €4.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is EQB stock overvalued right now?
Based on GuruFocus' analysis, EQB (FRA:V22) is currently considered Modestly Overvalued. The stock's GF Value™ is €68.43, compared to a current price of €78.00 — trading 14% above its estimated fair value. The current E10 is €4.85. EQB's overall GF Score™ is 83/100 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 EQB (FRA:V22), the current E10 is €4.85 as of Apr. 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 EQB (FRA:V22) Overvalued in 2026?

Based on GuruFocus' analysis, EQB stock appears to be overvalued. The current stock price of €78.00 is trading 14% above its estimated GF Value™ of €68.43. GuruFocus considers EQB to be Modestly Overvalued.

Key valuation signals for FRA:V22:

  • E10: €4.85
  • GF Value™: €68.43 vs. price of €78.00 (14% above fair value)
  • GF Score™: 83/100 with 7 warning signs

No single metric tells the full story. See the FRA:V22 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


EQB Business Description

Other Exchanges EQGPF:USAEQB:Canada
Address 25 Ontario Street, Suite 2200, Toronto, ON, CAN, M5A 0Y9
EQB Inc operates through its wholly owned subsidiary, Equitable Bank, Canada's Challenger BankTM. It serves Canadians through two business lines, Personal Banking and Business Banking. The company differentiates by providing a host of challenger bank deposit services, alternative single-family lending, reverse mortgage lending, insurance lending, Specialized finance, Commercial finance group, Equipment financing, credit union services and trust services.
83GF Score

Get the complete analysis for FRA:V22

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

€78.00
Price
€68.43
GF Value