BlackLine (STU:02B) E10: €-0.34 (As of Jun. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

STU:02B BlackLine Inc STU:02B
65 GF Score
Price €28.19
GF Value €54.19
Valuation Significantly Undervalued
! 5 Warning Signs
View Full Analysis

What is BlackLine E10?

BlackLine STU:02B -1.30% 65 E10 is €-0.34 as of Jun. 2026. GuruFocus rates STU:02B with a GF Score™ of 65/100 and a GF Value™ of €54.19 (Significantly Undervalued). The stock has 5 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.

BlackLine's adjusted earnings per share data for the three months ended in Jun. 2026 was €0.234. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €-0.34 for the trailing ten years ended in Jun. 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 (2026-09-05), BlackLine's current stock price is €28.19. BlackLine's E10 for the quarter that ended in Jun. 2026 was €-0.34. BlackLine's Shiller PE Ratio of today is .


BlackLine  (STU:02B) 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.


BlackLine E10 Related Terms


BlackLine E10 Historical Data

* Premium members only.

The historical data trend for BlackLine'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.

BlackLine E10 Chart

BlackLine 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 0.00 0.00 0.00 0.00 -0.40

BlackLine 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 -0.44 -0.41 -0.40 -0.37 -0.34

STU:02B vs CXM, PDFS, WRD: E10 Comparison

For the Software - Application subindustry, BlackLine'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.


BlackLine Shiller PE Ratio vs Software Industry

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

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


STU:02B
65GF Score
BlackLine Inc STU:02B
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

BlackLine 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, BlackLine'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)
=0.234/333.9520*333.9520
=0.234

Current CPI (Jun. 2026) = 333.9520.

BlackLine Quarterly Data

per share eps CPI Adj_EPS
201609 -0.120 241.428 -0.166
201612 -0.313 241.432 -0.433
201703 -0.140 243.801 -0.192
201706 -0.160 244.955 -0.218
201709 -0.193 246.819 -0.261
201712 -0.093 246.524 -0.126
201803 -0.105 249.554 -0.141
201806 -0.137 251.989 -0.182
201809 -0.069 252.439 -0.091
201812 -0.123 251.233 -0.163
201903 -0.142 254.202 -0.187
201906 -0.089 256.143 -0.116
201909 -0.154 256.759 -0.200
201912 -0.144 256.974 -0.187
202003 -0.208 258.115 -0.269
202006 -0.133 257.797 -0.172
202009 -0.127 260.280 -0.163
202012 -0.247 260.474 -0.317
202103 -0.563 264.877 -0.710
202106 -0.365 271.696 -0.449
202109 -0.196 274.310 -0.239
202112 -0.558 278.802 -0.668
202203 -0.154 287.504 -0.179
202206 -0.170 296.311 -0.192
202209 -0.343 296.808 -0.386
202212 0.170 296.797 0.191
202303 -0.187 301.836 -0.207
202306 0.415 305.109 0.454
202309 0.178 307.789 0.193
202312 0.293 306.746 0.319
202403 0.156 312.332 0.167
202406 0.204 314.175 0.217
202409 0.243 315.301 0.257
202412 0.754 315.605 0.798
202503 0.092 319.799 0.096
202506 0.113 322.561 0.117
202509 0.077 324.800 0.079
202512 0.068 324.054 0.070
202603 0.112 330.213 0.113
202606 0.234 333.952 0.234

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 €-0.34 mean?
BlackLine (STU:02B) has a E10 of €-0.34 as of Jun. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on BlackLine and its competitors.
Is BlackLine's E10 too high?
BlackLine's current E10 is €-0.34. Overall, BlackLine has a GF Score™ of 65/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does BlackLine's E10 compare to CXM and PDFS?
BlackLine's E10 of €-0.34 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 BlackLine and its competitors. BlackLine's current E10 is €-0.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BlackLine stock overvalued right now?
Based on GuruFocus' analysis, BlackLine (STU:02B) is currently considered Significantly Undervalued. The stock's GF Value™ is €54.19, compared to a current price of €28.19 — trading 48% below its estimated fair value. The current E10 is €-0.34. BlackLine's overall GF Score™ is 65/100 with 5 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 BlackLine (STU:02B), the current E10 is €-0.34 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 BlackLine (STU:02B) Overvalued in 2026?

Based on GuruFocus' analysis, BlackLine stock appears to be undervalued. The current stock price of €28.19 is trading 48% below its estimated GF Value™ of €54.19. GuruFocus considers BlackLine to be Significantly Undervalued.

Key valuation signals for STU:02B:

  • E10: €-0.34
  • GF Value™: €54.19 vs. price of €28.19 (48% below fair value)
  • GF Score™: 65/100 with 5 warning signs

No single metric tells the full story. See the STU:02B stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


BlackLine Business Description

Address 21300 Victory Boulevard, 12th Floor, Woodland Hills, CA, USA, 91367
BlackLine Inc is engaged in providing financial accounting close solutions delivered as Software as a Service (SaaS). The Company's solutions enable its customers to address various aspects of their critical processes, including financial close & consolidation, intercompany accounting, and invoice-to-cash. The majority of the revenue of the company is earned in the United States.
65GF Score

Get the complete analysis for STU:02B

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

€28.19
Price
€54.19
GF Value