OSPN (OneSpan) E10: $0.14 (As of Mar. 2026)


OSPN OneSpan Inc OSPN
67 GF Score
Price $13.52
GF Value $13.80
Valuation Fairly Valued
! 3 Warning Signs
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What is OneSpan E10?

OneSpan OSPN -0.29% 67 E10 is $0.14 as of Mar. 2026. GuruFocus rates OSPN with a GF Score™ of 67/100 and a GF Value™ of $13.80 (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.

OneSpan's adjusted earnings per share data for the three months ended in Mar. 2026 was $0.300. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $0.14 for the trailing ten years ended in Mar. 2026.

During the past 12 months, OneSpan's average E10 Growth Rate was 133.30% per year. During the past 3 years, the average E10 Growth Rate was -5.00% per year. During the past 5 years, the average E10 Growth Rate was -24.60% per year. During the past 10 years, the average E10 Growth Rate was -20.60% 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 OneSpan was 45.70% per year. The lowest was -51.00% per year. And the median was -6.25% per year.

As of today (2026-06-24), OneSpan's current stock price is $13.52. OneSpan's E10 for the quarter that ended in Mar. 2026 was $0.14. OneSpan's Shiller PE Ratio of today is 96.57.

During the past 13 years, the highest Shiller PE Ratio of OneSpan was 1600.00. The lowest was 21.25. And the median was 64.34.


OneSpan  (NAS:OSPN) 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.

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

Shiller PE Ratio=Share Price/E10
=13.52/0.14
=96.57

* 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 OneSpan was 1600.00. The lowest was 21.25. And the median was 64.34.


Be Aware

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


OneSpan E10 Related Terms


OneSpan E10 Historical Data

* Premium members only.

The historical data trend for OneSpan'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.

OneSpan E10 Chart

OneSpan 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 0.22 0.14 0.04 0.07 0.12

OneSpan 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 0.06 0.04 0.01 0.12 0.14

OSPN vs PRTH, AIOT, OWLS: E10 Comparison

For the Software - Infrastructure subindustry, OneSpan'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.


OneSpan Shiller PE Ratio vs Software Industry

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

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


OSPN
67GF Score
OneSpan Inc OSPN
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
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OneSpan 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, OneSpan'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)
=0.3/330.2130*330.2130
=0.300

Current CPI (Mar. 2026) = 330.2130.

OneSpan Quarterly Data

per share eps CPI Adj_EPS
201606 0.070 241.018 0.096
201609 0.010 241.428 0.014
201612 0.130 241.432 0.178
201703 0.010 243.801 0.014
201706 0.003 244.955 0.004
201709 0.070 246.819 0.094
201712 -0.650 246.524 -0.871
201803 0.040 249.554 0.053
201806 -0.030 251.989 -0.039
201809 -0.020 252.439 -0.026
201812 0.100 251.233 0.131
201903 -0.140 254.202 -0.182
201906 -0.060 256.143 -0.077
201909 0.300 256.759 0.386
201912 0.130 256.974 0.167
202003 0.000 258.115 0.000
202006 -0.050 257.797 -0.064
202009 -0.040 260.280 -0.051
202012 -0.040 260.474 -0.051
202103 -0.230 264.877 -0.287
202106 -0.170 271.696 -0.207
202109 -0.020 274.310 -0.024
202112 -0.350 278.802 -0.415
202203 0.130 287.504 0.149
202206 -0.230 296.311 -0.256
202209 -0.180 296.808 -0.200
202212 -0.080 296.797 -0.089
202303 -0.210 301.836 -0.230
202306 -0.440 305.109 -0.476
202309 -0.100 307.789 -0.107
202312 0.010 306.746 0.011
202403 0.350 312.332 0.370
202406 0.170 314.175 0.179
202409 0.210 315.301 0.220
202412 0.720 315.605 0.753
202503 0.370 319.799 0.382
202506 0.210 322.561 0.215
202509 0.170 324.800 0.173
202512 1.130 324.054 1.151
202603 0.300 330.213 0.300

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 $0.14 mean?
OneSpan (OSPN) has a E10 of $0.14 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on OneSpan and its competitors.
Is OneSpan's E10 too high?
OneSpan's current E10 is $0.14. Overall, OneSpan has a GF Score™ of 67/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does OneSpan's E10 compare to PRTH and AIOT?
OneSpan's E10 of $0.14 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 OneSpan and its competitors. OneSpan's current E10 is $0.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is OneSpan stock overvalued right now?
Based on GuruFocus' analysis, OneSpan (OSPN) is currently considered Fairly Valued. The stock's GF Value™ is $13.80, compared to a current price of $13.52 — trading 2% below its estimated fair value. The current E10 is $0.14. OneSpan's overall GF Score™ is 67/100 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 OneSpan (OSPN), the current E10 is $0.14 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 OneSpan (OSPN) Overvalued in 2026?

Based on GuruFocus' analysis, OneSpan stock appears to be undervalued. The current stock price of $13.52 is trading 2% below its estimated GF Value™ of $13.80. GuruFocus considers OneSpan to be Fairly Valued.

Key valuation signals for OSPN:

  • E10: $0.14
  • GF Value™: $13.80 vs. price of $13.52 (2% below fair value)
  • GF Score™: 67/100 with 3 warning signs

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


OneSpan Business Description

Other Exchanges VDY:Germany
Address 1 Marina Park Drive, Unit 1410, Boston, MA, USA, 02210
OneSpan Inc is a provider of information technology security solutions for banking and financial services and application security markets. The company build secure, seamless, and trusted digital experiences through two solution portfolios: Cybersecurity solutions engaged in protecting identities, securing mobile apps, and safeguarding access through high-assurance authentication, threat intelligence, fraud prevention, and robust mobile app protection, defending users, devices, and applications against sophisticated attacks, while Digital agreement solutions focuses on streamlining workflows with secure e-signatures, identity verification, and smart digital forms, built to enable speed, compliance and other customer experiences.
67GF Score

Get the complete analysis for OSPN

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

$13.52
Price
$13.80
GF Value