PIAC (Princeton Capital) E10: $-0.03 (As of Mar. 2026)


What is Princeton Capital E10?

Princeton Capital PIAC E10 is $-0.03 as of Mar. 2026.

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.

Princeton Capital's adjusted earnings per share data for the three months ended in Mar. 2026 was $-0.005. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $-0.03 for the trailing ten years ended in Mar. 2026.

During the past 3 years, the average E10 Growth Rate was 39.40% per year. During the past 5 years, the average E10 Growth Rate was 33.40% per year. During the past 10 years, the average E10 Growth Rate was 20.90% 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 Princeton Capital was 39.40% per year. The lowest was -7.70% per year. And the median was 15.55% per year.

As of today (2026-06-28), Princeton Capital's current stock price is $0.051. Princeton Capital's E10 for the quarter that ended in Mar. 2026 was $-0.03. Princeton Capital's Shiller PE Ratio of today is .


Princeton Capital  (OTCPK:PIAC) 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.


Princeton Capital E10 Related Terms


Princeton Capital E10 Historical Data

* Premium members only.

The historical data trend for Princeton 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.

Princeton Capital E10 Chart

Princeton 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 -0.10 -0.09 -0.10 -0.03 -0.02

Princeton Capital 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 -0.03 -0.03 -0.02 -0.02 -0.03

PIAC vs TWAV, CWD, ALP: E10 Comparison

For the Asset Management subindustry, Princeton 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.


Princeton Capital Shiller PE Ratio vs Asset Management Industry

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

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



Princeton 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, Princeton Capital'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)
=-0.005/330.2130*330.2130
=-0.005

Current CPI (Mar. 2026) = 330.2130.

Princeton Capital Quarterly Data

per share eps CPI Adj_EPS
201606 -0.041 241.018 -0.056
201609 -0.010 241.428 -0.014
201612 -0.001 241.432 -0.001
201703 -0.018 243.801 -0.024
201706 0.001 244.955 0.001
201709 0.008 246.819 0.011
201712 -0.012 246.524 -0.016
201803 -0.001 249.554 -0.001
201806 0.003 251.989 0.004
201809 -0.001 252.439 -0.001
201812 0.001 251.233 0.001
201903 -0.003 254.202 -0.004
201906 -0.033 256.143 -0.043
201909 -0.023 256.759 -0.030
201912 -0.009 256.974 -0.012
202003 -0.064 258.115 -0.082
202006 -0.037 257.797 -0.047
202009 0.003 260.280 0.004
202012 0.009 260.474 0.011
202103 0.034 264.877 0.042
202106 0.065 271.696 0.079
202109 -0.014 274.310 -0.017
202112 0.015 278.802 0.018
202203 -0.009 287.504 -0.010
202206 -0.001 296.311 -0.001
202209 0.058 296.808 0.065
202212 0.008 296.797 0.009
202303 -0.008 301.836 -0.009
202306 0.021 305.109 0.023
202309 -0.007 307.789 -0.008
202312 -0.007 306.746 -0.008
202403 -0.055 312.332 -0.058
202406 -0.009 314.175 -0.009
202409 -0.008 315.301 -0.008
202412 -0.017 315.605 -0.018
202503 -0.017 319.799 -0.018
202506 -0.004 322.561 -0.004
202509 -0.008 324.800 -0.008
202512 -0.027 324.054 -0.028
202603 -0.005 330.213 -0.005

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 $-0.03 mean?
Princeton Capital (PIAC) has a E10 of $-0.03 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Princeton Capital and its competitors.
Is Princeton Capital's E10 too high?
Princeton Capital's current E10 is $-0.03.
How does Princeton Capital's E10 compare to TWAV and CWD?
Princeton Capital's E10 of $-0.03 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 Princeton Capital and its competitors. Princeton Capital's current E10 is $-0.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Princeton Capital stock overvalued right now?
Princeton Capital (PIAC) has a current E10 of $-0.03. The current E10 is $-0.03. 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 Princeton Capital (PIAC), the current E10 is $-0.03 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.

Princeton Capital Business Description

Address 800 Turnpike Street, Suite 300, North Andover, MA, USA, 01845
Princeton Capital Corp is an externally managed, non-diversified, closed-end investment company that has elected to be treated as a BDC. Its investment objective is to maximize the total return to its stockholders in the form of current income and capital appreciation through debt and related equity investments in private small and lower middle-market companies. While the company has sought to invest predominantly in private small and lower middle-market companies in various industries through first-lien loans, second-lien loans, unsecured loans, unitranche ,and mezzanine debt financing, often with a corresponding equity investment, the company is now investing only in current investments and otherwise conserving cash.