Western Energy Services (FRA:W1T) E10: €-2.71 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

FRA:W1T Western Energy Services Corp FRA:W1T
56 GF Score
Price €2.06
GF Value €1.47
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is Western Energy Services E10?

Western Energy Services FRA:W1T -0.99% 56 E10 is €-2.71 as of Mar. 2026. GuruFocus rates FRA:W1T with a GF Score™ of 56/100 and a GF Value™ of €1.47 (Significantly Overvalued). The stock has 6 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.

Western Energy Services's adjusted earnings per share data for the three months ended in Mar. 2026 was €0.032. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €-2.71 for the trailing ten years ended in Mar. 2026.

During the past 3 years, the average E10 Growth Rate was 3.30% per year. During the past 5 years, the average E10 Growth Rate was -19.00% 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 Western Energy Services was 60.80% per year. The lowest was -45.60% per year. And the median was 16.25% per year.

As of today (2026-07-17), Western Energy Services's current stock price is €2.06. Western Energy Services's E10 for the quarter that ended in Mar. 2026 was €-2.71. Western Energy Services's Shiller PE Ratio of today is .

During the past 13 years, the highest Shiller PE Ratio of Western Energy Services was 21.99. The lowest was 4.59. And the median was 11.42.


Western Energy Services  (FRA:W1T) 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.

During the past 13 years, the highest Shiller P/E Ratio of Western Energy Services was 21.99. The lowest was 4.59. And the median was 11.42.


Be Aware

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


Western Energy Services E10 Related Terms


Western Energy Services E10 Historical Data

* Premium members only.

The historical data trend for Western Energy Services'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.

Western Energy Services E10 Chart

Western Energy Services Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only -2.74 -3.42 -3.71 -4.44 -2.75

Western Energy Services 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 -4.47 -4.22 -3.29 -2.75 -2.71

FRA:W1T vs NE, RIG, VAL: E10 Comparison

For the Oil & Gas Drilling subindustry, Western Energy Services'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.


Western Energy Services Shiller PE Ratio vs Oil & Gas Industry

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

* The bar in red indicates where Western Energy Services's Shiller PE Ratio falls into.


FRA:W1T
56GF Score
Western Energy Services Corp FRA:W1T
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Western Energy Services 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, Western Energy Services'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)
=0.032/132.2623*132.2623
=0.032

Current CPI (Mar. 2026) = 132.2623.

Western Energy Services Quarterly Data

per share eps CPI Adj_EPS
201606 -2.411 102.002 -3.126
201609 -1.655 101.765 -2.151
201612 -1.505 101.449 -1.962
201703 -0.444 102.634 -0.572
201706 -1.630 103.029 -2.092
201709 -1.157 103.345 -1.481
201712 -0.280 103.345 -0.358
201803 -0.398 105.004 -0.501
201806 -1.174 105.557 -1.471
201809 -0.766 105.636 -0.959
201812 -0.762 105.399 -0.956
201903 -0.561 106.979 -0.694
201906 -0.776 107.690 -0.953
201909 -0.944 107.611 -1.160
201912 -4.124 107.769 -5.061
202003 -1.167 107.927 -1.430
202006 -0.624 108.401 -0.761
202009 -0.815 108.164 -0.997
202012 -0.544 108.559 -0.663
202103 -0.495 110.298 -0.594
202106 -1.007 111.720 -1.192
202109 -0.808 112.905 -0.947
202112 -0.486 113.774 -0.565
202203 -0.409 117.646 -0.460
202206 1.337 120.806 1.464
202209 0.015 120.648 0.016
202212 -0.067 120.964 -0.073
202303 0.089 122.702 0.096
202306 -0.160 124.203 -0.170
202309 -0.028 125.230 -0.030
202312 -0.041 125.072 -0.043
202403 0.027 126.258 0.028
202406 -0.102 127.522 -0.106
202409 -0.027 127.285 -0.028
202412 -0.040 127.364 -0.042
202503 0.045 129.181 0.046
202506 -0.089 129.892 -0.091
202509 -0.043 130.287 -0.044
202512 -0.390 130.366 -0.396
202603 0.032 132.262 0.032

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 €-2.71 mean?
Western Energy Services (FRA:W1T) has a E10 of €-2.71 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Western Energy Services and its competitors.
Is Western Energy Services' E10 too high?
Western Energy Services' current E10 is €-2.71. Overall, Western Energy Services has a GF Score™ of 56/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Western Energy Services' E10 compare to NE and RIG?
Western Energy Services' E10 of €-2.71 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 Western Energy Services and its competitors. Western Energy Services's current E10 is €-2.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Western Energy Services stock overvalued right now?
Based on GuruFocus' analysis, Western Energy Services (FRA:W1T) is currently considered Significantly Overvalued. The stock's GF Value™ is €1.47, compared to a current price of €2.06 — trading 40.1% above its estimated fair value. The current E10 is €-2.71. Western Energy Services' overall GF Score™ is 56/100 with 6 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 Western Energy Services (FRA:W1T), the current E10 is €-2.71 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 Western Energy Services (FRA:W1T) Overvalued in 2026?

Based on GuruFocus' analysis, Western Energy Services stock appears to be overvalued. The current stock price of €2.06 is trading 40.1% above its estimated GF Value™ of €1.47. GuruFocus considers Western Energy Services to be Significantly Overvalued.

Key valuation signals for FRA:W1T:

  • E10: €-2.71
  • GF Value™: €1.47 vs. price of €2.06 (40.1% above fair value)
  • GF Score™: 56/100 with 6 warning signs

No single metric tells the full story. See the FRA:W1T stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Western Energy Services Business Description

Industry EnergyOil & Gas
Other Exchanges WEEEF:USAWRG:Canada
Address 215, 9th Avenue SW, Suite 1700, Calgary, AB, CAN, T2P 1K3
Western Energy Services Corp is an energy service company providing contract drilling services through its division, Horizon Drilling in Canada, and its wholly owned subsidiary in the United States. The company provides production services in Canada through its division Eagle Well Servicing (Eagle) which provides well servicing and its division Aero Rental Services (Aero), which provides rental equipment services. It operates in two segments. Contract drilling includes drilling rigs along with related ancillary equipment. Production services include well servicing rigs and related equipment, as well as rental equipment. The contract drilling segment derives the majority of the revenue.
56GF Score

Get the complete analysis for FRA:W1T

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

€2.06
Price
€1.47
GF Value