ICMB (Investcorp Credit Management BDC) E10: $-0.02 (As of Mar. 2026)


ICMB Investcorp Credit Management BDC Inc ICMB
37 GF Score
Price $1.19
GF Value $2.92
Valuation Significantly Undervalued
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What is Investcorp Credit Management BDC E10?

Investcorp Credit Management BDC ICMB -4.88% 37 E10 is $-0.02 as of Mar. 2026. GuruFocus rates ICMB with a GF Score™ of 37/100 and a GF Value™ of $2.92 (Significantly Undervalued).

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.

Investcorp Credit Management BDC's adjusted earnings per share data for the three months ended in Mar. 2026 was $-0.600. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $-0.02 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Investcorp Credit Management BDC's average E10 Growth Rate was -200.00% per year. During the past 3 years, the average E10 Growth Rate was -29.10% 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 Investcorp Credit Management BDC was -29.10% per year. The lowest was -29.10% per year. And the median was -29.10% per year.

As of today (2026-07-01), Investcorp Credit Management BDC's current stock price is $1.19. Investcorp Credit Management BDC's E10 for the quarter that ended in Mar. 2026 was $-0.02. Investcorp Credit Management BDC's Shiller PE Ratio of today is .

During the past 13 years, the highest Shiller PE Ratio of Investcorp Credit Management BDC was 150.00. The lowest was 20.19. And the median was 28.67.


Investcorp Credit Management BDC  (NAS:ICMB) 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 Investcorp Credit Management BDC was 150.00. The lowest was 20.19. And the median was 28.67.


Be Aware

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


Investcorp Credit Management BDC E10 Related Terms


Investcorp Credit Management BDC E10 Historical Data

* Premium members only.

The historical data trend for Investcorp Credit Management BDC'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.

Investcorp Credit Management BDC E10 Chart

Investcorp Credit Management BDC Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Dec25
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.14 0.17 0.07 0.05

Investcorp Credit Management BDC 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 0.02 -0.02 -0.04 0.05 -0.02

ICMB vs EQS, BHV, RCG: E10 Comparison

For the Asset Management subindustry, Investcorp Credit Management BDC'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.


Investcorp Credit Management BDC Shiller PE Ratio vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Investcorp Credit Management BDC's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Investcorp Credit Management BDC's Shiller PE Ratio falls into.


ICMB
37GF Score
Investcorp Credit Management BDC Inc ICMB
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
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Investcorp Credit Management BDC 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, Investcorp Credit Management BDC'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)
=-0.6/330.2130*330.2130
=-0.600

Current CPI (Mar. 2026) = 330.2130.

Investcorp Credit Management BDC Quarterly Data

per share eps CPI Adj_EPS
201606 0.300 241.018 0.411
201609 0.310 241.428 0.424
201612 0.620 241.432 0.848
201703 0.440 243.801 0.596
201706 0.340 244.955 0.458
201709 0.230 246.819 0.308
201712 0.350 246.524 0.469
201803 0.300 249.554 0.397
201806 0.250 251.989 0.328
201809 0.100 252.439 0.131
201812 -0.690 251.233 -0.907
201903 -0.100 254.202 -0.130
201906 -0.390 256.143 -0.503
201909 -0.070 256.759 -0.090
201912 0.220 256.974 0.283
202003 -1.760 258.115 -2.252
202006 -0.170 257.797 -0.218
202009 0.200 260.280 0.254
202012 0.220 260.474 0.279
202103 0.270 264.877 0.337
202106 -0.860 271.696 -1.045
202109 0.230 274.310 0.277
202112 0.240 278.802 0.284
202203 -0.004 287.504 -0.005
202206 -0.290 296.311 -0.323
202209 0.120 296.808 0.134
202212 0.040 296.797 0.045
202303 -0.080 301.836 -0.088
202306 0.140 305.109 0.152
202309 -0.120 307.789 -0.129
202312 -0.200 306.746 -0.215
202403 0.170 312.332 0.180
202406 -0.130 314.175 -0.137
202409 0.460 315.301 0.482
202412 -0.040 315.605 -0.042
202503 0.150 319.799 0.155
202506 -0.030 322.561 -0.031
202509 -0.090 324.800 -0.091
202512 -0.650 324.054 -0.662
202603 -0.600 330.213 -0.600

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 $-0.02 mean?
Investcorp Credit Management BDC (ICMB) has a E10 of $-0.02 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Investcorp Credit Management BDC and its competitors.
Is Investcorp Credit Management BDC's E10 too high?
Investcorp Credit Management BDC's current E10 is $-0.02. Overall, Investcorp Credit Management BDC has a GF Score™ of 37/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Investcorp Credit Management BDC's E10 compare to EQS and BHV?
Investcorp Credit Management BDC's E10 of $-0.02 can be compared against companies in the Asset Management 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 Asset Management company?
A good E10 depends on the Asset Management 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 Investcorp Credit Management BDC and its competitors. Investcorp Credit Management BDC's current E10 is $-0.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Investcorp Credit Management BDC stock overvalued right now?
Based on GuruFocus' analysis, Investcorp Credit Management BDC (ICMB) is currently considered Significantly Undervalued. The stock's GF Value™ is $2.92, compared to a current price of $1.19 — trading 59.2% below its estimated fair value. The current E10 is $-0.02. Investcorp Credit Management BDC's overall GF Score™ is 37/100. 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 Investcorp Credit Management BDC (ICMB), the current E10 is $-0.02 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 Investcorp Credit Management BDC (ICMB) Overvalued in 2026?

Based on GuruFocus' analysis, Investcorp Credit Management BDC stock appears to be undervalued. The current stock price of $1.19 is trading 59.2% below its estimated GF Value™ of $2.92. GuruFocus considers Investcorp Credit Management BDC to be Significantly Undervalued.

Key valuation signals for ICMB:

  • E10: $-0.02
  • GF Value™: $2.92 vs. price of $1.19 (59.2% below fair value)
  • GF Score™: 37/100

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


Investcorp Credit Management BDC Business Description

Address 280 Park Avenue, 39th Floor, New York, NY, USA, 10017
Investcorp Credit Management BDC Inc is an externally managed, non-diversified closed-end management investment firm that has elected to be regulated as a business development company (BDC). The investment objective of the company is to maximize total return to stockholders in the form of current income and capital appreciation by investing in debt and related equity of privately held lower middle-market companies. The company principally invests in the debt of middle-market companies, which it defines as those companies that have an enterprise value.
37GF Score

Get the complete analysis for ICMB

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

$1.19
Price
$2.92
GF Value