MAIN (Main Street Capital) E10: $4.26 (As of Jun. 2026)

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MAIN Main Street Capital Corp MAIN
69 GF Score
Price $58.59
GF Value $50.36
Valuation Modestly Overvalued
! 9 Warning Signs
View Full Analysis

What is Main Street Capital E10?

Main Street Capital MAIN +0.27% 69 E10 is $4.26 as of Jun. 2026. GuruFocus rates MAIN with a GF Score™ of 69/100 and a GF Value™ of $50.36 (Modestly Overvalued). The stock has 9 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.

Main Street Capital's adjusted earnings per share data for the three months ended in Jun. 2026 was $1.580. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $4.26 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Main Street Capital's average E10 Growth Rate was 11.20% per year. During the past 3 years, the average E10 Growth Rate was 10.00% per year. During the past 5 years, the average E10 Growth Rate was 8.50% 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 Main Street Capital was 10.00% per year. The lowest was 1.60% per year. And the median was 7.40% per year.

As of today (2026-08-27), Main Street Capital's current stock price is $58.59. Main Street Capital's E10 for the quarter that ended in Jun. 2026 was $4.26. Main Street Capital's Shiller PE Ratio of today is 13.75.

During the past 13 years, the highest Shiller PE Ratio of Main Street Capital was 17.67. The lowest was 6.23. And the median was 14.41.


Main Street Capital  (NYSE:MAIN) 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.

Main Street Capital's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=58.59/4.26
=13.75

* 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 Main Street Capital was 17.67. The lowest was 6.23. And the median was 14.41.


Be Aware

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


Main Street Capital E10 Related Terms


Main Street Capital E10 Historical Data

* Premium members only.

The historical data trend for Main Street Capital'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.

Main Street Capital E10 Chart

Main Street Capital 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 2.98 3.04 3.32 3.69 4.05

Main Street Capital Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 3.83 3.93 4.05 4.14 4.26

MAIN vs HASI, OTF, OBDC: E10 Comparison

For the Asset Management subindustry, Main Street Capital'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.


Main Street Capital Shiller PE Ratio vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Main Street Capital's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Main Street Capital's Shiller PE Ratio falls into.


MAIN
69GF Score
Main Street Capital Corp MAIN
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Main Street Capital 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, Main Street Capital's adjusted earnings per share data for the three months ended in Jun. 2026 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=1.58/333.9520*333.9520
=1.580

Current CPI (Jun. 2026) = 333.9520.

Main Street Capital Quarterly Data

per share eps CPI Adj_EPS
201609 0.820 241.428 1.134
201612 0.900 241.432 1.245
201703 0.570 243.801 0.781
201706 0.760 244.955 1.036
201709 0.610 246.819 0.825
201712 1.050 246.524 1.422
201803 0.590 249.554 0.790
201806 0.930 251.989 1.232
201809 1.130 252.439 1.495
201812 0.160 251.233 0.213
201903 0.670 254.202 0.880
201906 0.610 256.143 0.795
201909 0.540 256.759 0.702
201912 0.250 256.974 0.325
202003 -2.660 258.115 -3.442
202006 0.660 257.797 0.855
202009 1.180 260.280 1.514
202012 1.190 260.474 1.526
202103 0.840 264.877 1.059
202106 1.390 271.696 1.709
202109 1.220 274.310 1.485
202112 1.340 278.802 1.605
202203 0.910 287.504 1.057
202206 0.200 296.311 0.225
202209 0.740 296.808 0.833
202212 1.370 296.797 1.542
202303 1.000 301.836 1.106
202306 1.318 305.109 1.443
202309 1.250 307.789 1.356
202312 1.650 306.746 1.796
202403 1.260 312.332 1.347
202406 1.190 314.175 1.265
202409 1.420 315.301 1.504
202412 1.970 315.605 2.085
202503 1.310 319.799 1.368
202506 1.370 322.561 1.418
202509 1.380 324.800 1.419
202512 1.460 324.054 1.505
202603 0.540 330.213 0.546
202606 1.580 333.952 1.580

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 $4.26 mean?
Main Street Capital (MAIN) has a E10 of $4.26 as of Jun. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Main Street Capital and its competitors.
Is Main Street Capital's E10 too high?
Main Street Capital's current E10 is $4.26. Overall, Main Street Capital has a GF Score™ of 69/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Main Street Capital's E10 compare to HASI and OTF?
Main Street Capital's E10 of $4.26 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 Main Street Capital and its competitors. Main Street Capital's current E10 is $4.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Main Street Capital stock overvalued right now?
Based on GuruFocus' analysis, Main Street Capital (MAIN) is currently considered Modestly Overvalued. The stock's GF Value™ is $50.36, compared to a current price of $58.59 — trading 16.3% above its estimated fair value. The current E10 is $4.26. Main Street Capital's overall GF Score™ is 69/100 with 9 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 Main Street Capital (MAIN), the current E10 is $4.26 as of Jun. 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 Main Street Capital (MAIN) Overvalued in 2026?

Based on GuruFocus' analysis, Main Street Capital stock appears to be overvalued. The current stock price of $58.59 is trading 16.3% above its estimated GF Value™ of $50.36. GuruFocus considers Main Street Capital to be Modestly Overvalued.

Key valuation signals for MAIN:

  • E10: $4.26
  • GF Value™: $50.36 vs. price of $58.59 (16.3% above fair value)
  • GF Score™: 69/100 with 9 warning signs

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


Main Street Capital Business Description

Other Exchanges 0JXQ:UK13M:Germany
Address 1300 Post Oak Boulevard, 8th Floor, Houston, TX, USA, 77056
Main Street Capital Corp is a principal investment firm focused on providing customized long-term debt and equity capital solutions to lower middle market ("LMM") companies and debt capital to private ("Private Loan") companies owned by or in the process of being acquired by a private equity fund. The group invests principally in secured debt investments, equity investments, warrants, and other securities of LMM companies, typically based in the U.S. The company operates as a single segment with a principal investment objective to maximize total return by generating current income from debt investments and current income and capital appreciation from equity and equity-related investments.
69GF Score

Get the complete analysis for MAIN

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

$58.59
Price
$50.36
GF Value