Royal Unibrew AS (CHIX:RBREWC) E10: kr25.70 (As of Jun. 2026)

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CHIX:RBREWC Royal Unibrew AS CHIX:RBREWC
86 GF Score
Price kr428.20
GF Value kr574.97
Valuation Modestly Undervalued
! 5 Warning Signs
View Full Analysis

What is Royal Unibrew AS E10?

Royal Unibrew AS CHIX:RBREWC 86 E10 is kr25.70 as of Jun. 2026. GuruFocus rates CHIX:RBREWC with a GF Score™ of 86/100 and a GF Value™ of kr574.97 (Modestly 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.

Royal Unibrew AS's adjusted earnings per share data for the three months ended in Jun. 2026 was kr11.000. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is kr25.70 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Royal Unibrew AS's average E10 Growth Rate was 8.20% per year. During the past 3 years, the average E10 Growth Rate was 7.80% per year. During the past 5 years, the average E10 Growth Rate was 12.00% 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 Royal Unibrew AS was 17.70% per year. The lowest was 7.80% per year. And the median was 14.70% per year.

As of today (2026-08-21), Royal Unibrew AS's current stock price is kr428.20. Royal Unibrew AS's E10 for the quarter that ended in Jun. 2026 was kr25.70. Royal Unibrew AS's Shiller PE Ratio of today is 16.66.

During the past 13 years, the highest Shiller PE Ratio of Royal Unibrew AS was 56.34. The lowest was 15.34. And the median was 35.01.


Royal Unibrew AS  (CHIX:RBREWc) 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.

Royal Unibrew AS's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=428.20/25.70
=16.66

* 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 Royal Unibrew AS was 56.34. The lowest was 15.34. And the median was 35.01.


Be Aware

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


Royal Unibrew AS E10 Related Terms


Royal Unibrew AS E10 Historical Data

* Premium members only.

The historical data trend for Royal Unibrew 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.

Royal Unibrew AS E10 Chart

Royal Unibrew AS 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 7.73 14.00 23.27 25.55 25.96

Royal Unibrew AS 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 25.14 25.90 25.96 26.55 25.70

CHIX:RBREWC vs STZ, TAP: E10 Comparison

For the Beverages - Brewers subindustry, Royal Unibrew 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.


Royal Unibrew AS Shiller PE Ratio vs Beverages - Alcoholic Industry

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

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


CHIX:RBREWC
86GF Score
Royal Unibrew AS CHIX:RBREWC
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Royal Unibrew 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, Royal Unibrew AS'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)
=11/122.9700*122.9700
=11.000

Current CPI (Jun. 2026) = 122.9700.

Royal Unibrew AS Quarterly Data

per share eps CPI Adj_EPS
201609 4.200 100.200 5.154
201612 2.700 100.300 3.310
201703 2.100 101.200 2.552
201706 5.400 101.200 6.562
201709 5.300 101.800 6.402
201712 3.200 101.300 3.885
201803 2.800 101.700 3.386
201806 7.100 102.300 8.535
201809 6.900 102.400 8.286
201812 3.700 102.100 4.456
201903 3.100 102.900 3.705
201906 7.800 102.900 9.321
201909 7.800 102.900 9.321
201912 4.200 102.900 5.019
202003 3.000 103.300 3.571
202006 7.100 103.200 8.460
202009 9.415 103.500 11.186
202012 4.600 103.400 5.471
202103 3.700 104.300 4.362
202106 8.600 105.000 10.072
202109 9.800 105.800 11.390
202112 4.500 106.600 5.191
202203 3.244 109.900 3.630
202206 15.600 113.600 16.887
202209 7.700 116.400 8.135
202212 3.700 115.900 3.926
202303 2.000 117.300 2.097
202306 7.800 116.400 8.240
202309 7.300 117.400 7.646
202312 4.800 116.700 5.058
202403 2.000 118.400 2.077
202406 9.200 118.500 9.547
202409 13.400 118.900 13.859
202412 4.700 118.900 4.861
202503 2.500 120.200 2.558
202506 10.600 120.700 10.799
202509 11.200 121.600 11.326
202512 7.000 121.200 7.102
202603 3.500 121.680 3.537
202606 11.000 122.970 11.000

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 kr25.70 mean?
Royal Unibrew AS (CHIX:RBREWC) has a E10 of kr25.70 as of Jun. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Royal Unibrew AS and its competitors.
Is Royal Unibrew AS's E10 too high?
Royal Unibrew AS's current E10 is kr25.70. Overall, Royal Unibrew AS has a GF Score™ of 86/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Royal Unibrew AS's E10 compare to STZ and TAP?
Royal Unibrew AS's E10 of kr25.70 can be compared against companies in the Beverages - Alcoholic 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 Beverages - Alcoholic company?
A good E10 depends on the Beverages - Alcoholic 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 Royal Unibrew AS and its competitors. Royal Unibrew AS's current E10 is kr25.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Royal Unibrew AS stock overvalued right now?
Based on GuruFocus' analysis, Royal Unibrew AS (CHIX:RBREWC) is currently considered Modestly Undervalued. The stock's GF Value™ is kr574.97, compared to a current price of kr428.20 — trading 25.5% below its estimated fair value. The current E10 is kr25.70. Royal Unibrew AS's overall GF Score™ is 86/100 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 Royal Unibrew AS (CHIX:RBREWC), the current E10 is kr25.70 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 Royal Unibrew AS (CHIX:RBREWC) Overvalued in 2026?

Based on GuruFocus' analysis, Royal Unibrew AS stock appears to be undervalued. The current stock price of kr428.20 is trading 25.5% below its estimated GF Value™ of kr574.97. GuruFocus considers Royal Unibrew AS to be Modestly Undervalued.

Key valuation signals for CHIX:RBREWC:

  • E10: kr25.70
  • GF Value™: kr574.97 vs. price of kr428.20 (25.5% below fair value)
  • GF Score™: 86/100 with 5 warning signs

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


Royal Unibrew AS Business Description

Address Faxe Alle 1, Faxe, DNK, DK-4640
Royal Unibrew AS manufactures and sells beverages, including beer, malt beverages, cider, soft drinks, juice, and water. The company produces and distributes its own brands and partner brands, with its largest licensing agreements with PepsiCo and Heineken. Royal Unibrew was founded in 1989 and listed on the Copenhagen stock exchange in 1998.In 2024, Royal Unibrew took over PepsiCo's beverage business in Luxembourg and Belgium. In 2025, Royal Unibrew finalized its acquisition of Pernod Ricard's portfolio of Nordic brands, including spirits, liqueurs, and wines.
86GF Score

Get the complete analysis for CHIX:RBREWC

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

kr428.20
Price
kr574.97
GF Value