VersaBank (FRA:VEW) E10: €0.67 (As of Apr. 2026)


FRA:VEW VersaBank FRA:VEW
70 GF Score
Price €16.40
GF Value €9.81
Valuation Significantly Overvalued
! 7 Warning Signs
View Full Analysis

What is VersaBank E10?

VersaBank FRA:VEW +1.23% 70 E10 is €0.67 as of Apr. 2026. GuruFocus rates FRA:VEW with a GF Score™ of 70/100 and a GF Value™ of €9.81 (Significantly 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.

VersaBank's adjusted earnings per share data for the three months ended in Apr. 2026 was €0.143. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €0.67 for the trailing ten years ended in Apr. 2026.

During the past 12 months, VersaBank's average E10 Growth Rate was 7.80% per year. During the past 3 years, the average E10 Growth Rate was 15.00% 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 VersaBank was 18.40% per year. The lowest was 15.00% per year. And the median was 16.70% per year.

As of today (2026-06-30), VersaBank's current stock price is €16.40. VersaBank's E10 for the quarter that ended in Apr. 2026 was €0.67. VersaBank's Shiller PE Ratio of today is 24.48.

During the past 13 years, the highest Shiller PE Ratio of VersaBank was 29.22. The lowest was 11.39. And the median was 16.79.


VersaBank  (FRA:VEW) 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.

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

Shiller PE Ratio=Share Price/E10
=16.40/0.67
=24.48

* 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 VersaBank was 29.22. The lowest was 11.39. And the median was 16.79.


Be Aware

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


VersaBank E10 Related Terms


VersaBank E10 Historical Data

* Premium members only.

The historical data trend for VersaBank'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.

VersaBank E10 Chart

VersaBank Annual Data
Trend Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23 Oct24 Oct25
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.40 0.51 0.56 0.64 0.61

VersaBank Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 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 0.64 0.63 0.61 0.65 0.67

FRA:VEW vs PNC, USB: E10 Comparison

For the Banks - Regional subindustry, VersaBank'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.


VersaBank Shiller PE Ratio vs Banks Industry

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

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


FRA:VEW
70GF Score
VersaBank FRA:VEW
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

VersaBank 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, VersaBank'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)
=0.143/132.2623*132.2623
=0.143

Current CPI (Apr. 2026) = 132.2623.

VersaBank Quarterly Data

per share eps CPI Adj_EPS
201607 0.062 101.844 0.081
201610 0.048 102.002 0.062
201701 0.399 102.318 0.516
201704 0.049 103.029 0.063
201707 0.068 103.029 0.087
201710 0.074 103.424 0.095
201801 0.106 104.056 0.135
201804 0.115 105.320 0.144
201807 0.130 106.110 0.162
201810 0.147 105.952 0.184
201901 0.138 105.557 0.173
201904 0.140 107.453 0.172
201907 0.143 108.243 0.175
201910 0.158 107.927 0.194
202001 0.151 108.085 0.185
202004 0.144 107.216 0.178
202007 0.116 108.401 0.142
202010 0.129 108.638 0.157
202101 0.142 109.192 0.172
202104 0.167 110.851 0.199
202107 0.169 112.431 0.199
202110 0.166 113.695 0.193
202201 0.133 114.801 0.153
202204 0.125 118.357 0.140
202207 0.152 120.964 0.166
202210 0.171 121.517 0.186
202301 0.235 121.596 0.256
202304 0.257 123.571 0.275
202307 0.260 124.914 0.275
202310 0.325 125.310 0.343
202401 0.328 125.072 0.347
202404 0.307 126.890 0.320
202407 0.242 128.075 0.250
202410 0.133 127.838 0.138
202501 0.188 127.443 0.195
202504 0.166 129.102 0.170
202507 0.125 130.287 0.127
202510 0.098 130.603 0.099
202601 0.216 130.366 0.219
202604 0.143 132.262 0.143

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 €0.67 mean?
VersaBank (FRA:VEW) has a E10 of €0.67 as of Apr. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on VersaBank and its competitors.
Is VersaBank's E10 too high?
VersaBank's current E10 is €0.67. Overall, VersaBank has a GF Score™ of 70/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does VersaBank's E10 compare to PNC and USB?
VersaBank's E10 of €0.67 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 VersaBank and its competitors. VersaBank's current E10 is €0.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is VersaBank stock overvalued right now?
Based on GuruFocus' analysis, VersaBank (FRA:VEW) is currently considered Significantly Overvalued. The stock's GF Value™ is €9.81, compared to a current price of €16.40 — trading 67.2% above its estimated fair value. The current E10 is €0.67. VersaBank's overall GF Score™ is 70/100 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 VersaBank (FRA:VEW), the current E10 is €0.67 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 VersaBank (FRA:VEW) Overvalued in 2026?

Based on GuruFocus' analysis, VersaBank stock appears to be overvalued. The current stock price of €16.40 is trading 67.2% above its estimated GF Value™ of €9.81. GuruFocus considers VersaBank to be Significantly Overvalued.

Key valuation signals for FRA:VEW:

  • E10: €0.67
  • GF Value™: €9.81 vs. price of €16.40 (67.2% above fair value)
  • GF Score™: 70/100 with 7 warning signs

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


VersaBank Business Description

Other Exchanges VBNK:USAVBNK:Canada
Address 140 Fullarton Street, Suite 2002, London, ON, CAN, N6A 5P2
VersaBank is a Schedule I Canadian bank that provides mainly commercial lending and banking services to select niche markets in Canada and the United States. Its products and services include credit assets, deposits, and cybersecurity services through its wholly owned subsidiary. The bank operates through four segments: Digital Banking Canada and Digital Banking USA, both using a business-to-business model with proprietary financial technology to serve underserved markets; DRTC, which provides cybersecurity services and banking and financial technology development; and Digital Meteor, which owns proprietary technology supporting next-generation digital assets, including Real Bank Deposit Tokens (RBDTs). The majority of revenue comes from Digital Banking.
70GF Score

Get the complete analysis for FRA:VEW

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

€16.40
Price
€9.81
GF Value