Docusign (HAM:DS3) E10: €-0.83 (As of Jul. 2026)

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Director of Data and Quant Analytics at GuruFocus
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HAM:DS3 Docusign Inc HAM:DS3
78 GF Score
Price €57.50
GF Value €63.48
Valuation Fairly Valued
! 3 Warning Signs
View Full Analysis

What is Docusign E10?

Docusign HAM:DS3 +2.13% 78 E10 is €-0.83 as of Jul. 2026. GuruFocus rates HAM:DS3 with a GF Score™ of 78/100 and a GF Value™ of €63.48 (Fairly Valued). The stock has 3 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.

Docusign's adjusted earnings per share data for the three months ended in Jul. 2026 was €0.350. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €-0.83 for the trailing ten years ended in Jul. 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 (2026-09-07), Docusign's current stock price is €57.50. Docusign's E10 for the quarter that ended in Jul. 2026 was €-0.83. Docusign's Shiller PE Ratio of today is .


Docusign  (HAM:DS3) 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.


Docusign E10 Related Terms


Docusign E10 Historical Data

* Premium members only.

The historical data trend for Docusign'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.

Docusign E10 Chart

Docusign Annual Data
Trend Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24 Jan25 Jan26
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

Docusign Quarterly Data
Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26 Jul26
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 0.00 0.00 -0.83

HAM:DS3 vs FROG, CHYM, HUBS: E10 Comparison

For the Software - Application subindustry, Docusign'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.


Docusign Shiller PE Ratio vs Software Industry

For the Software industry and Technology sector, Docusign's Shiller PE Ratio distribution charts can be found below:

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


HAM:DS3
78GF Score
Docusign Inc HAM:DS3
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

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

Adj_EPS= Earnings per Share (Diluted) /CPI of Jul. 2026 (Change)*Current CPI (Jul. 2026)
=0.35/333.9180*333.9180
=0.350

Current CPI (Jul. 2026) = 333.9180.

Docusign Quarterly Data

per share eps CPI Adj_EPS
201601 0.000 236.916 0.000
201701 0.000 242.839 0.000
201704 -0.570 244.524 -0.778
201707 -0.338 244.786 -0.461
201710 -0.382 246.663 -0.517
201801 -0.042 247.867 -0.057
201804 -6.080 250.546 -8.103
201807 -0.188 252.006 -0.249
201810 -0.270 252.885 -0.357
201901 -0.350 251.712 -0.464
201904 -0.240 255.548 -0.314
201907 -0.348 256.571 -0.453
201910 -0.235 257.346 -0.305
202001 -0.234 257.971 -0.303
202004 -0.239 256.389 -0.311
202007 -0.304 259.101 -0.392
202010 -0.264 260.388 -0.339
202101 -0.312 261.582 -0.398
202104 -0.033 267.054 -0.041
202107 -0.110 273.003 -0.135
202110 -0.026 276.589 -0.031
202201 -0.133 281.148 -0.158
202204 -0.130 289.109 -0.150
202207 -0.216 296.276 -0.243
202210 -0.152 298.012 -0.170
202301 0.019 299.170 0.021
202304 0.002 303.363 0.002
202307 0.036 305.691 0.039
202310 0.180 307.671 0.195
202401 0.119 308.417 0.129
202404 0.149 313.548 0.159
202407 3.928 314.540 4.170
202410 0.275 315.664 0.291
202501 0.377 317.671 0.396
202504 0.303 320.795 0.315
202507 0.257 323.048 0.266
202510 0.344 0.000
202601 0.374 325.252 0.384
202604 0.342 333.020 0.343
202607 0.350 333.918 0.350

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 €-0.83 mean?
Docusign (HAM:DS3) has a E10 of €-0.83 as of Jul. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Docusign and its competitors.
Is Docusign's E10 too high?
Docusign's current E10 is €-0.83. Overall, Docusign has a GF Score™ of 78/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Docusign's E10 compare to FROG and CHYM?
Docusign's E10 of €-0.83 can be compared against companies in the Software 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 Software company?
A good E10 depends on the Software 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 Docusign and its competitors. Docusign's current E10 is €-0.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Docusign stock overvalued right now?
Based on GuruFocus' analysis, Docusign (HAM:DS3) is currently considered Fairly Valued. The stock's GF Value™ is €63.48, compared to a current price of €57.50 — trading 9.4% below its estimated fair value. The current E10 is €-0.83. Docusign's overall GF Score™ is 78/100 with 3 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 Docusign (HAM:DS3), the current E10 is €-0.83 as of Jul. 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 Docusign (HAM:DS3) Overvalued in 2026?

Based on GuruFocus' analysis, Docusign stock appears to be undervalued. The current stock price of €57.50 is trading 9.4% below its estimated GF Value™ of €63.48. GuruFocus considers Docusign to be Fairly Valued.

Key valuation signals for HAM:DS3:

  • E10: €-0.83
  • GF Value™: €63.48 vs. price of €57.50 (9.4% below fair value)
  • GF Score™: 78/100 with 3 warning signs

No single metric tells the full story. See the HAM:DS3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Docusign Business Description

Address 221 Main Street, Suite 800, San Francisco, CA, USA, 94105
Docusign offers Agreement Cloud, a broad cloud-based software suite that enables users to automate the agreement process and provide legally binding e-signatures from nearly any device. The company was founded in 2003 and completed its initial public offering in 2018.
78GF Score

Get the complete analysis for HAM:DS3

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

€57.50
Price
€63.48
GF Value