Royal Unibrew AS (CHIX:RBREWC) E10: kr26.45 (As of Mar. 2026)


CHIX:RBREWC Royal Unibrew AS CHIX:RBREWC
83 GF Score
Price kr407.80
GF Value kr548.46
Valuation Significantly Undervalued
! 6 Warning Signs
View Full Analysis

What is Royal Unibrew AS E10?

Royal Unibrew AS CHIX:RBREWC 83 E10 is kr26.45 as of Mar. 2026. GuruFocus rates CHIX:RBREWC with a GF Score™ of 83/100 and a GF Value™ of kr548.46 (Significantly Undervalued). The stock has 6 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 Mar. 2026 was kr3.500. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is kr26.45 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Royal Unibrew AS's average E10 Growth Rate was 7.60% 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 (2026-06-28), Royal Unibrew AS's current stock price is kr407.80. Royal Unibrew AS's E10 for the quarter that ended in Mar. 2026 was kr26.45. Royal Unibrew AS's Shiller PE Ratio of today is 15.42.

During the past 13 years, the highest Shiller PE Ratio of Royal Unibrew AS was 56.34. The lowest was 15.40. And the median was 35.56.


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
=407.80/26.45
=15.42

* 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 15.40. And the median was 35.56.


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
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 24.49 25.14 25.90 25.96 26.45

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
83GF 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 Mar. 2026 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=3.5/121.2000*121.2000
=3.500

Current CPI (Mar. 2026) = 121.2000.

Royal Unibrew AS Quarterly Data

per share eps CPI Adj_EPS
201606 5.000 100.600 6.024
201609 4.200 100.200 5.080
201612 2.700 100.300 3.263
201703 2.100 101.200 2.515
201706 5.400 101.200 6.467
201709 5.300 101.800 6.310
201712 3.200 101.300 3.829
201803 2.800 101.700 3.337
201806 7.100 102.300 8.412
201809 6.900 102.400 8.167
201812 3.700 102.100 4.392
201903 3.100 102.900 3.651
201906 7.800 102.900 9.187
201909 7.800 102.900 9.187
201912 4.200 102.900 4.947
202003 3.000 103.300 3.520
202006 7.100 103.200 8.338
202009 9.415 103.500 11.025
202012 4.600 103.400 5.392
202103 3.700 104.300 4.300
202106 8.600 105.000 9.927
202109 9.800 105.800 11.226
202112 4.500 106.600 5.116
202203 3.244 109.900 3.578
202206 15.600 113.600 16.644
202209 7.700 116.400 8.018
202212 3.700 115.900 3.869
202303 2.000 117.300 2.066
202306 7.800 116.400 8.122
202309 7.300 117.400 7.536
202312 4.800 116.700 4.985
202403 2.000 118.400 2.047
202406 9.200 118.500 9.410
202409 13.400 118.900 13.659
202412 4.700 118.900 4.791
202503 2.500 120.200 2.521
202506 10.600 120.700 10.644
202509 11.200 121.600 11.163
202512 7.000 121.200 7.000
202603 3.500 121.200 3.500

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 kr26.45 mean?
Royal Unibrew AS (CHIX:RBREWC) has a E10 of kr26.45 as of Mar. 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 kr26.45. Overall, Royal Unibrew AS has a GF Score™ of 83/100 and is considered Significantly 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 kr26.45 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 kr26.45. 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 Significantly Undervalued. The stock's GF Value™ is kr548.46, compared to a current price of kr407.80 — trading 25.6% below its estimated fair value. The current E10 is kr26.45. Royal Unibrew AS's overall GF Score™ is 83/100 with 6 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 kr26.45 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 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 kr407.80 is trading 25.6% below its estimated GF Value™ of kr548.46. GuruFocus considers Royal Unibrew AS to be Significantly Undervalued.

Key valuation signals for CHIX:RBREWC:

  • E10: kr26.45
  • GF Value™: kr548.46 vs. price of kr407.80 (25.6% below fair value)
  • GF Score™: 83/100 with 6 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.
83GF 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.

kr407.80
Price
kr548.46
GF Value