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CABGY (Carlsberg AS) E10 : $-0.09 (As of Dec. 2024)


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What is Carlsberg AS E10?

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.

Carlsberg AS's adjusted earnings per share data for the fiscal year that ended in Dec. 2024 was $1.926. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $-0.09 for the trailing ten years ended in Dec. 2024.

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 Carlsberg AS was 8.40% per year. The lowest was -5.00% per year. And the median was 0.70% per year.

As of today (2025-03-14), Carlsberg AS's current stock price is $ 26.65. Carlsberg AS's E10 for the fiscal year that ended in Dec. 2024 was $-0.09. Carlsberg AS's Shiller PE Ratio of today is .

During the past 13 years, the highest Shiller PE Ratio of Carlsberg AS was 41.90. The lowest was 17.32. And the median was 30.52.


Carlsberg AS E10 Historical Data

The historical data trend for Carlsberg AS'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.

* Premium members only.

Carlsberg AS E10 Chart

Carlsberg AS Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.92 0.92 0.79 -0.19 -0.09

Carlsberg AS Semi-Annual Data
Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
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 0.79 - -0.19 - -0.09

Competitive Comparison of Carlsberg AS's E10

For the Beverages - Brewers subindustry, Carlsberg AS'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.


Carlsberg AS's Shiller PE Ratio Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Carlsberg AS's Shiller PE Ratio distribution charts can be found below:

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



Carlsberg AS 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, Carlsberg AS's adjusted earnings per share data for the fiscal year that ended in Dec. 2024 was:

Adj_EPS=Earnings per Share (Diluted) /CPI of Dec. 2024 (Change)*Current CPI (Dec. 2024)
=1.926/118.9000*118.9000
=1.926

Current CPI (Dec. 2024) = 118.9000.

Carlsberg AS Annual Data

per_share_eps CPI Adj_EPS
201512 -0.560 99.800 -0.667
201612 0.834 100.300 0.989
201712 0.261 101.300 0.306
201812 1.058 102.100 1.232
201912 1.291 102.900 1.492
202012 1.344 103.400 1.545
202112 1.441 106.600 1.607
202212 -0.216 115.900 -0.222
202312 -8.770 116.700 -8.935
202412 1.926 118.900 1.926

Add all the adjusted EPS together and divide 10 will get our e10.


Carlsberg AS  (OTCPK:CABGY) 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 Carlsberg AS was 41.90. The lowest was 17.32. And the median was 30.52.


Be Aware

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


Carlsberg AS E10 Related Terms

Thank you for viewing the detailed overview of Carlsberg AS's E10 provided by GuruFocus.com. Please click on the following links to see related term pages.


Carlsberg AS Business Description

Address
J.C. Jacobsens Gade 1, Copenhagen, DNK, 1799
Carlsberg is the fourth-largest brewer in the world following the combination of Anheuser-Busch InBev and SABMiller, with major operations in Europe and Asia. It holds leading share in Scandinavia, Switzerland, Portugal, Laos, Nepal, and parts of western China. Its key brands include Carlsberg, 1664, Tuborg, Holsten, and Somersby. The company's 2023 beverage volume, excluding Russia, was split among Northern and Western Europe (35%), Eastern Europe (26%), and Asia (39%).

Carlsberg AS Headlines

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