Note AB (CHIX:NOTES) E10: kr7.74 (As of Mar. 2026)


CHIX:NOTES Note AB CHIX:NOTES
96 GF Score
Price kr175.20
GF Value kr177.19
! 4 Warning Signs
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What is Note AB E10?

Note AB CHIX:NOTES 96 E10 is kr7.74 as of Mar. 2026. GuruFocus rates CHIX:NOTES with a GF Score™ of 96/100 and a GF Value™ of kr177.19. The stock has 4 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.

Note AB's adjusted earnings per share data for the three months ended in Mar. 2026 was kr1.830. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is kr7.74 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Note AB's average E10 Growth Rate was 13.90% per year. During the past 3 years, the average E10 Growth Rate was 21.90% per year. During the past 5 years, the average E10 Growth Rate was 30.10% 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 Note AB was 165.00% per year. The lowest was 21.90% per year. And the median was 38.70% per year.

As of today (2026-06-26), Note AB's current stock price is kr175.20. Note AB's E10 for the quarter that ended in Mar. 2026 was kr7.74. Note AB's Shiller PE Ratio of today is 22.64.

During the past 13 years, the highest Shiller PE Ratio of Note AB was 2500.00. The lowest was 18.64. And the median was 41.79.


Note AB  (CHIX:NOTEs) 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.

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

Shiller PE Ratio=Share Price/E10
=175.20/7.74
=22.64

* 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 Note AB was 2500.00. The lowest was 18.64. And the median was 41.79.


Be Aware

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


Note AB E10 Related Terms


Note AB E10 Historical Data

* Premium members only.

The historical data trend for Note 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.

Note AB E10 Chart

Note AB 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 2.51 3.06 5.59 5.25 7.15

Note AB 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 4.68 4.66 4.77 7.15 7.74

CHIX:NOTES vs APH, GLW, TEL: E10 Comparison

For the Electronic Components subindustry, Note 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.


Note AB Shiller PE Ratio vs Hardware Industry

For the Hardware industry and Technology sector, Note AB's Shiller PE Ratio distribution charts can be found below:

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


CHIX:NOTES
96GF Score
Note AB CHIX:NOTES
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Note 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, Note AB'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)
=1.83/133.3862*133.3862
=1.830

Current CPI (Mar. 2026) = 133.3862.

Note AB Quarterly Data

per share eps CPI Adj_EPS
201606 0.380 101.019 0.502
201609 0.380 101.138 0.501
201612 0.450 102.022 0.588
201703 0.930 102.022 1.216
201706 0.400 102.752 0.519
201709 0.550 103.279 0.710
201712 0.610 103.793 0.784
201803 0.420 103.962 0.539
201806 0.590 104.875 0.750
201809 0.380 105.679 0.480
201812 0.830 105.912 1.045
201903 0.730 105.886 0.920
201906 0.840 106.742 1.050
201909 0.810 107.214 1.008
201912 0.930 107.766 1.151
202003 0.790 106.563 0.989
202006 1.190 107.498 1.477
202009 0.970 107.635 1.202
202012 1.100 108.296 1.355
202103 1.070 108.360 1.317
202106 1.640 108.928 2.008
202109 1.660 110.338 2.007
202112 2.350 112.486 2.787
202203 1.940 114.825 2.254
202206 2.020 118.384 2.276
202209 1.370 122.296 1.494
202212 3.440 126.365 3.631
202303 2.920 127.042 3.066
202306 2.730 129.407 2.814
202309 2.240 130.224 2.294
202312 3.150 131.912 3.185
202403 2.200 132.205 2.220
202406 2.340 132.716 2.352
202409 1.520 132.304 1.532
202412 2.550 132.987 2.558
202503 2.270 132.825 2.280
202506 2.650 133.699 2.644
202509 1.920 133.482 1.919
202512 3.040 133.386 3.040
202603 1.830 133.386 1.830

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 kr7.74 mean?
Note AB (CHIX:NOTES) has a E10 of kr7.74 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Note AB and its competitors.
Is Note AB's E10 too high?
Note AB's current E10 is kr7.74. Overall, Note AB has a GF Score™ of 96/100, reflecting its overall financial health beyond just this single metric.
How does Note AB's E10 compare to APH and GLW?
Note AB's E10 of kr7.74 can be compared against companies in the Hardware 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 Hardware company?
A good E10 depends on the Hardware 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 Note AB and its competitors. Note AB's current E10 is kr7.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Note AB stock overvalued right now?
Note AB (CHIX:NOTES) has a current E10 of kr7.74. The stock's GF Value™ is kr177.19, compared to a current price of kr175.20 — trading 1.1% below its estimated fair value. The current E10 is kr7.74. Note AB's overall GF Score™ is 96/100 with 4 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 Note AB (CHIX:NOTES), the current E10 is kr7.74 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 Note AB (CHIX:NOTES) Overvalued in 2026?

Based on GuruFocus' analysis, Note AB stock appears to be undervalued. The current stock price of kr175.20 is trading 1.1% below its estimated GF Value™ of kr177.19.

Key valuation signals for CHIX:NOTES:

  • E10: kr7.74
  • GF Value™: kr177.19 vs. price of kr175.20 (1.1% below fair value)
  • GF Score™: 96/100 with 4 warning signs

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


Note AB Business Description

Address Box 3691, Stockholm, SWE, 103 59
Note AB is a Swedish based EMS partner. engaged in manufacturing electronics-based products that require high technology competence and flexibility. Its business has four segments which are Industrial, Communication, Medtech and Greentech.
96GF Score

Get the complete analysis for CHIX:NOTES

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

kr175.20
Price
kr177.19
GF Value