Storebrand ASA (CHIX:STBO) E10: kr8.21 (As of Mar. 2026)


CHIX:STBO Storebrand ASA CHIX:STBO
60 GF Score
Price kr183.35
GF Value kr171.45
Valuation Fairly Valued
! 5 Warning Signs
View Full Analysis

What is Storebrand ASA E10?

Storebrand ASA CHIX:STBO 60 E10 is kr8.21 as of Mar. 2026. GuruFocus rates CHIX:STBO with a GF Score™ of 60/100 and a GF Value™ of kr171.45 (Fairly Valued). 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.

Storebrand ASA's adjusted earnings per share data for the three months ended in Mar. 2026 was kr1.380. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is kr8.21 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Storebrand ASA's average E10 Growth Rate was 11.90% per year. During the past 3 years, the average E10 Growth Rate was 11.20% per year. During the past 5 years, the average E10 Growth Rate was 11.20% 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 Storebrand ASA was 11.20% per year. The lowest was 8.00% per year. And the median was 9.70% per year.

As of today (2026-06-28), Storebrand ASA's current stock price is kr183.35. Storebrand ASA's E10 for the quarter that ended in Mar. 2026 was kr8.21. Storebrand ASA's Shiller PE Ratio of today is 22.33.

During the past 13 years, the highest Shiller PE Ratio of Storebrand ASA was 22.45. The lowest was 8.30. And the median was 16.09.


Storebrand ASA  (CHIX:STBo) 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.

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

Shiller PE Ratio=Share Price/E10
=183.35/8.21
=22.33

* 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 Storebrand ASA was 22.45. The lowest was 8.30. And the median was 16.09.


Be Aware

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


Storebrand ASA E10 Related Terms


Storebrand ASA E10 Historical Data

* Premium members only.

The historical data trend for Storebrand 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.

Storebrand ASA E10 Chart

Storebrand 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 5.09 5.87 6.37 7.26 7.95

Storebrand 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 7.43 7.59 7.95 7.95 8.21

CHIX:STBO vs FRHC, VOYA: E10 Comparison

For the Financial Conglomerates subindustry, Storebrand 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.


Storebrand ASA Shiller PE Ratio vs Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Storebrand ASA's Shiller PE Ratio distribution charts can be found below:

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


CHIX:STBO
60GF Score
Storebrand ASA CHIX:STBO
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Storebrand 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, Storebrand 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)
=1.38/139.1000*139.1000
=1.380

Current CPI (Mar. 2026) = 139.1000.

Storebrand ASA Quarterly Data

per share eps CPI Adj_EPS
201606 1.570 103.800 2.104
201609 0.980 104.200 1.308
201612 1.501 104.400 2.000
201703 1.030 105.000 1.365
201706 1.660 105.800 2.182
201709 1.550 105.900 2.036
201712 1.013 106.100 1.328
201803 1.550 107.300 2.009
201806 1.250 108.500 1.603
201809 1.120 109.500 1.423
201812 3.967 109.800 5.026
201903 1.050 110.400 1.323
201906 0.960 110.600 1.207
201909 0.980 111.100 1.227
201912 1.435 111.300 1.793
202003 0.560 111.200 0.701
202006 0.960 112.100 1.191
202009 1.630 112.900 2.008
202012 1.860 112.900 2.292
202103 0.940 114.600 1.141
202106 2.510 115.300 3.028
202109 1.280 117.500 1.515
202112 1.946 118.900 2.277
202203 2.250 119.800 2.612
202206 1.000 122.600 1.135
202209 0.760 125.600 0.842
202212 1.030 125.900 1.138
202303 2.250 127.600 2.453
202306 1.750 130.400 1.867
202309 1.250 129.800 1.340
202312 2.060 131.900 2.172
202403 2.010 132.600 2.109
202406 4.860 133.800 5.053
202409 2.530 133.700 2.632
202412 3.070 134.800 3.168
202503 2.260 136.100 2.310
202506 2.790 137.800 2.816
202509 3.090 138.500 3.103
202512 3.560 139.100 3.560
202603 1.380 139.100 1.380

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 kr8.21 mean?
Storebrand ASA (CHIX:STBO) has a E10 of kr8.21 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Storebrand ASA and its competitors.
Is Storebrand ASA's E10 too high?
Storebrand ASA's current E10 is kr8.21. Overall, Storebrand ASA has a GF Score™ of 60/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Storebrand ASA's E10 compare to FRHC and VOYA?
Storebrand ASA's E10 of kr8.21 can be compared against companies in the Diversified Financial Services 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 Diversified Financial Services company?
A good E10 depends on the Diversified Financial Services 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 Storebrand ASA and its competitors. Storebrand ASA's current E10 is kr8.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Storebrand ASA stock overvalued right now?
Based on GuruFocus' analysis, Storebrand ASA (CHIX:STBO) is currently considered Fairly Valued. The stock's GF Value™ is kr171.45, compared to a current price of kr183.35 — trading 6.9% above its estimated fair value. The current E10 is kr8.21. Storebrand ASA's overall GF Score™ is 60/100 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 Storebrand ASA (CHIX:STBO), the current E10 is kr8.21 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 Storebrand ASA (CHIX:STBO) Overvalued in 2026?

Based on GuruFocus' analysis, Storebrand ASA stock appears to be overvalued. The current stock price of kr183.35 is trading 6.9% above its estimated GF Value™ of kr171.45. GuruFocus considers Storebrand ASA to be Fairly Valued.

Key valuation signals for CHIX:STBO:

  • E10: kr8.21
  • GF Value™: kr171.45 vs. price of kr183.35 (6.9% above fair value)
  • GF Score™: 60/100 with 5 warning signs

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


Storebrand ASA Business Description

Address Professor Kohts vei 9, P.O. Box 500, Lysaker, Oslo, NOR, 1327
Storebrand ASA is a Nordic long-term savings and insurance company. The business is divided into four segments Savings, Insurance, Guaranteed Pension, and Others. The Savings segment includes products for retirement savings with no interest rate guarantees which defined contribution pensions in Norway and Sweden, asset management, and retail banking products. The Insurance segment provides risk products in Norway and Sweden, it provides health, property and casualty, personal risk products, and others. The Guaranteed Pension business area encompasses long-term pension savings products that give customers a guaranteed rate of return. Other segment consists of other companies within the Storebrand Group, including smaller subsidiaries of Storebrand Livsforsikring and SPP.
60GF Score

Get the complete analysis for CHIX:STBO

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

kr183.35
Price
kr171.45
GF Value