Norske Skog ASA (CHIX:NSKOGO) E10: kr2.98 (As of Mar. 2026)


CHIX:NSKOGO Norske Skog ASA CHIX:NSKOGO
73 GF Score
Price kr33.23
GF Value kr25.52
! 12 Warning Signs
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What is Norske Skog ASA E10?

Norske Skog ASA CHIX:NSKOGO 73 E10 is kr2.98 as of Mar. 2026. GuruFocus rates CHIX:NSKOGO with a GF Score™ of 73/100 and a GF Value™ of kr25.52. The stock has 12 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.

Norske Skog ASA's adjusted earnings per share data for the three months ended in Mar. 2026 was kr3.950. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is kr2.98 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Norske Skog ASA's average E10 Growth Rate was 99.40% 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 Norske Skog ASA was 30.20% per year. The lowest was 9.20% per year. And the median was 16.90% per year.

As of today (2026-07-02), Norske Skog ASA's current stock price is kr33.225. Norske Skog ASA's E10 for the quarter that ended in Mar. 2026 was kr2.98. Norske Skog ASA's Shiller PE Ratio of today is 11.15.

During the past 13 years, the highest Shiller PE Ratio of Norske Skog ASA was 115.90. The lowest was 6.42. And the median was 13.65.


Norske Skog ASA  (CHIX:NSKOGo) 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.

Norske Skog ASA's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=33.225/2.98
=11.15

* 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 Norske Skog ASA was 115.90. The lowest was 6.42. And the median was 13.65.


Be Aware

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


Norske Skog ASA E10 Related Terms


Norske Skog ASA E10 Historical Data

* Premium members only.

The historical data trend for Norske Skog ASA'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.

Norske Skog ASA E10 Chart

Norske Skog ASA 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 -5.95 -1.52 1.57 1.58 3.21

Norske Skog ASA 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 3.06 2.64 2.65 3.21 2.98

CHIX:NSKOGO vs SLVM: E10 Comparison

For the Paper & Paper Products subindustry, Norske Skog ASA'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.


Norske Skog ASA Shiller PE Ratio vs Forest Products Industry

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

* The bar in red indicates where Norske Skog ASA's Shiller PE Ratio falls into.


CHIX:NSKOGO
73GF Score
Norske Skog ASA CHIX:NSKOGO
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Norske Skog ASA 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, Norske Skog ASA'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)
=3.95/141.0300*141.0300
=3.950

Current CPI (Mar. 2026) = 141.0300.

Norske Skog ASA Quarterly Data

per share eps CPI Adj_EPS
201512 -4.360 100.900 -6.094
201603 0.060 102.500 0.083
201606 1.000 103.800 1.359
201609 0.690 104.200 0.934
201612 -0.580 104.400 -0.784
201703 -0.990 105.000 -1.330
201706 -1.970 105.800 -2.626
201709 -0.050 105.900 -0.067
201712 -9.753 106.100 -12.964
201809 12.200 109.500 15.713
201812 3.740 109.800 4.804
201903 1.850 110.400 2.363
201906 12.510 110.600 15.952
201909 12.330 111.100 15.652
201912 -1.920 111.300 -2.433
202003 -3.960 111.200 -5.022
202006 -0.620 112.100 -0.780
202009 -0.940 112.900 -1.174
202012 -14.460 112.900 -18.063
202103 2.050 114.600 2.523
202106 -3.770 115.300 -4.611
202109 -6.380 117.500 -7.658
202112 4.200 118.900 4.982
202203 6.180 119.800 7.275
202206 9.920 122.600 11.411
202209 -0.120 125.600 -0.135
202212 11.300 125.900 12.658
202303 -1.910 127.600 -2.111
202306 0.480 130.400 0.519
202309 1.450 129.800 1.575
202312 5.680 131.900 6.073
202403 -3.870 132.600 -4.116
202406 2.890 133.800 3.046
202409 -1.660 133.700 -1.751
202412 -8.790 134.800 -9.196
202503 4.720 136.100 4.891
202506 0.920 137.800 0.942
202509 1.900 138.500 1.935
202512 -2.770 139.100 -2.808
202603 3.950 141.030 3.950

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 kr2.98 mean?
Norske Skog ASA (CHIX:NSKOGO) has a E10 of kr2.98 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Norske Skog ASA and its competitors.
Is Norske Skog ASA's E10 too high?
Norske Skog ASA's current E10 is kr2.98. Overall, Norske Skog ASA has a GF Score™ of 73/100, reflecting its overall financial health beyond just this single metric.
How does Norske Skog ASA's E10 compare to SLVM?
Norske Skog ASA's E10 of kr2.98 can be compared against companies in the Forest Products 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 Forest Products company?
A good E10 depends on the Forest Products 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 Norske Skog ASA and its competitors. Norske Skog ASA's current E10 is kr2.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Norske Skog ASA stock overvalued right now?
Norske Skog ASA (CHIX:NSKOGO) has a current E10 of kr2.98. The stock's GF Value™ is kr25.52, compared to a current price of kr33.23 — trading 30.2% above its estimated fair value. The current E10 is kr2.98. Norske Skog ASA's overall GF Score™ is 73/100 with 12 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 Norske Skog ASA (CHIX:NSKOGO), the current E10 is kr2.98 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 Norske Skog ASA (CHIX:NSKOGO) Overvalued in 2026?

Based on GuruFocus' analysis, Norske Skog ASA stock appears to be overvalued. The current stock price of kr33.23 is trading 30.2% above its estimated GF Value™ of kr25.52.

Key valuation signals for CHIX:NSKOGO:

  • E10: kr2.98
  • GF Value™: kr25.52 vs. price of kr33.23 (30.2% above fair value)
  • GF Score™: 73/100 with 12 warning signs

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


Norske Skog ASA Business Description

Address Sjolyst plass 2, Oslo, NOR, 0278
Norske Skog ASA is a European company focused on the production of publication and packaging paper. The publication paper includes the production and sale of newsprint and magazine paper under the NOR brands. Packaging paper includes the production and sale of recycled containerboard under the Strato brand. Its product portfolio includes publication paper, recycled packaging paper, energy, and bioproducts. The company's core bioproducts are the nanocellulose product CEBINA and the bio-composite product CEBICO. Its reportable segments are Publication paper, Packaging paper, and Other activities. The majority of revenue is derived from the Publication paper segment. Geographically, the company generates the maximum revenue from Europe.
73GF Score

Get the complete analysis for CHIX:NSKOGO

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

kr33.23
Price
kr25.52
GF Value