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Holmen AB (CHIX:HOLMBS) E10 : kr22.48 (As of Sep. 2024)


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What is Holmen AB 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.

Holmen AB's adjusted earnings per share data for the three months ended in Sep. 2024 was kr5.100. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is kr22.48 for the trailing ten years ended in Sep. 2024.

During the past 12 months, Holmen AB's average E10 Growth Rate was 5.60% per year. During the past 3 years, the average E10 Growth Rate was 13.10% per year. During the past 5 years, the average E10 Growth Rate was 15.60% 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 Holmen AB was 16.40% per year. The lowest was 10.40% per year. And the median was 13.10% per year.

As of today (2024-12-13), Holmen AB's current stock price is kr430.00. Holmen AB's E10 for the quarter that ended in Sep. 2024 was kr22.48. Holmen AB's Shiller PE Ratio of today is 19.13.

During the past 13 years, the highest Shiller PE Ratio of Holmen AB was 36.91. The lowest was 16.21. And the median was 22.98.


Holmen AB E10 Historical Data

The historical data trend for Holmen AB'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.

Holmen AB E10 Chart

Holmen AB Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 13.63 14.27 14.48 18.97 20.30

Holmen AB Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 19.76 20.30 22.20 24.91 22.48

Competitive Comparison of Holmen AB's E10

For the Paper & Paper Products subindustry, Holmen AB'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.


Holmen AB's Shiller PE Ratio Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Holmen AB's Shiller PE Ratio distribution charts can be found below:

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



Holmen AB 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, Holmen AB's adjusted earnings per share data for the three months ended in Sep. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Sep. 2024 (Change)*Current CPI (Sep. 2024)
=5.1/132.3043*132.3043
=5.100

Current CPI (Sep. 2024) = 132.3043.

Holmen AB Quarterly Data

per share eps CPI Adj_EPS
201412 -0.050 100.225 -0.066
201503 1.750 99.950 2.316
201506 1.900 99.995 2.514
201509 2.250 100.228 2.970
201512 -2.607 100.276 -3.440
201603 1.300 100.751 1.707
201606 2.150 101.019 2.816
201609 2.350 101.138 3.074
201612 2.600 102.022 3.372
201703 2.900 102.022 3.761
201706 2.400 102.752 3.090
201709 2.700 103.279 3.459
201712 1.900 103.793 2.422
201803 3.000 103.962 3.818
201806 4.500 104.875 5.677
201809 2.700 105.679 3.380
201812 3.200 105.912 3.997
201903 3.000 105.886 3.748
201906 2.700 106.742 3.347
201909 2.500 107.214 3.085
201912 44.500 107.766 54.633
202003 3.000 106.563 3.725
202006 2.500 107.498 3.077
202009 3.500 107.635 4.302
202012 3.100 108.296 3.787
202103 4.200 108.360 5.128
202106 4.300 108.928 5.223
202109 4.700 110.338 5.636
202112 5.300 112.486 6.234
202203 9.200 114.825 10.600
202206 10.100 118.384 11.288
202209 9.100 122.296 9.845
202212 7.800 126.365 8.167
202303 8.500 127.042 8.852
202306 5.500 129.407 5.623
202309 5.600 130.224 5.689
202312 3.400 131.912 3.410
202403 4.700 132.205 4.704
202406 4.700 132.716 4.685
202409 5.100 132.304 5.100

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


Holmen AB  (CHIX:HOLMBs) 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.

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

Shiller PE Ratio=Share Price/E10
=430.00/22.48
=19.13

* 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 Holmen AB was 36.91. The lowest was 16.21. And the median was 22.98.


Be Aware

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


Holmen AB E10 Related Terms

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


Holmen AB Business Description

Address
Strandvagen 1, P.O. Box 5407, Stockholm, SWE, SE-114 84
Holmen AB produces and sells timber, wood products, a variety of paper products, and electricity generated through renewable energy sources. The company organizes itself into five segments based on product type: Forest, Paperboard, Paper, Wood Products, and Renewable Energy. The company's product portfolio includes logs, biofuel, paperboard for consumer packaging, paper for books, construction timber, and renewable energy from hydro and wind power. The company's customer segment is composed of printing firms, sawmills, pulp mills, paper mills, the construction industry, and the packaging industry, among others. The vast majority of revenue comes from the company's paper and paperboard segments combined, and it earns the majority of its revenue in Europe.

Holmen AB Headlines

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