Alm Brand AS (FRA:1AM) E10: €0.15 (As of Mar. 2026)


FRA:1AM Alm Brand AS FRA:1AM
53 GF Score
Price €2.07
GF Value €1.80
Valuation Modestly Overvalued
! 2 Warning Signs
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What is Alm Brand AS E10?

Alm Brand AS FRA:1AM +0.78% 53 E10 is €0.15 as of Mar. 2026. GuruFocus rates FRA:1AM with a GF Score™ of 53/100 and a GF Value™ of €1.80 (Modestly Overvalued). The stock has 2 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.

Alm Brand AS's adjusted earnings per share data for the three months ended in Mar. 2026 was €0.027. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €0.15 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Alm Brand AS's average E10 Growth Rate was -0.80% per year. During the past 3 years, the average E10 Growth Rate was 3.00% per year. During the past 5 years, the average E10 Growth Rate was 10.70% 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 Alm Brand AS was 41.20% per year. The lowest was 3.00% per year. And the median was 13.10% per year.

As of today (2026-06-30), Alm Brand AS's current stock price is €2.068. Alm Brand AS's E10 for the quarter that ended in Mar. 2026 was €0.15. Alm Brand AS's Shiller PE Ratio of today is 13.79.

During the past 13 years, the highest Shiller PE Ratio of Alm Brand AS was 1506.98. The lowest was 8.38. And the median was 12.28.


Alm Brand AS  (FRA:1AM) 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.

Alm Brand AS's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=2.068/0.15
=13.79

* 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 Alm Brand AS was 1506.98. The lowest was 8.38. And the median was 12.28.


Be Aware

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


Alm Brand AS E10 Related Terms


Alm Brand AS E10 Historical Data

* Premium members only.

The historical data trend for Alm Brand 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.

Alm Brand AS E10 Chart

Alm Brand 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 0.13 0.15 0.15 0.15 0.15

Alm Brand 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 0.16 0.16 0.15 0.15 0.15

FRA:1AM vs BRK.A, AIG, HIG: E10 Comparison

For the Insurance - Diversified subindustry, Alm Brand 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.


Alm Brand AS Shiller PE Ratio vs Insurance Industry

For the Insurance industry and Financial Services sector, Alm Brand AS's Shiller PE Ratio distribution charts can be found below:

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


FRA:1AM
53GF Score
Alm Brand AS FRA:1AM
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Alm Brand 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, Alm Brand 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)
=0.027/121.2000*121.2000
=0.027

Current CPI (Mar. 2026) = 121.2000.

Alm Brand AS Quarterly Data

per share eps CPI Adj_EPS
201606 0.036 100.600 0.043
201609 0.053 100.200 0.064
201612 0.036 100.300 0.044
201703 0.043 101.200 0.051
201706 0.043 101.200 0.051
201709 0.056 101.800 0.067
201712 0.020 101.300 0.024
201803 0.036 101.700 0.043
201806 0.030 102.300 0.036
201809 0.036 102.400 0.043
201812 0.013 102.100 0.015
201903 0.036 102.900 0.042
201906 0.026 102.900 0.031
201909 0.026 102.900 0.031
201912 0.007 102.900 0.008
202003 0.007 103.300 0.008
202006 0.062 103.200 0.073
202009 0.049 103.500 0.057
202012 0.014 103.400 0.016
202103 0.094 104.300 0.109
202106 0.161 105.000 0.186
202109 0.094 105.800 0.108
202112 0.040 106.600 0.045
202203 0.027 109.900 0.030
202206 -0.013 113.600 -0.014
202209 0.013 116.400 0.014
202212 0.013 115.900 0.014
202303 0.013 117.300 0.013
202306 0.027 116.400 0.028
202309 0.013 117.400 0.013
202312 0.054 116.700 0.056
202403 0.013 118.400 0.013
202406 0.000 118.500 0.000
202409 0.027 118.900 0.028
202412 0.013 118.900 0.013
202503 0.027 120.200 0.027
202506 0.027 120.700 0.027
202509 0.027 121.600 0.027
202512 0.027 121.200 0.027
202603 0.027 121.200 0.027

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 €0.15 mean?
Alm Brand AS (FRA:1AM) has a E10 of €0.15 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Alm Brand AS and its competitors.
Is Alm Brand AS's E10 too high?
Alm Brand AS's current E10 is €0.15. Overall, Alm Brand AS has a GF Score™ of 53/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Alm Brand AS's E10 compare to BRK.A and AIG?
Alm Brand AS's E10 of €0.15 can be compared against companies in the Insurance 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 an Insurance company?
A good E10 depends on the Insurance 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 Alm Brand AS and its competitors. Alm Brand AS's current E10 is €0.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Alm Brand AS stock overvalued right now?
Based on GuruFocus' analysis, Alm Brand AS (FRA:1AM) is currently considered Modestly Overvalued. The stock's GF Value™ is €1.80, compared to a current price of €2.07 — trading 14.9% above its estimated fair value. The current E10 is €0.15. Alm Brand AS's overall GF Score™ is 53/100 with 2 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 Alm Brand AS (FRA:1AM), the current E10 is €0.15 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 Alm Brand AS (FRA:1AM) Overvalued in 2026?

Based on GuruFocus' analysis, Alm Brand AS stock appears to be overvalued. The current stock price of €2.07 is trading 14.9% above its estimated GF Value™ of €1.80. GuruFocus considers Alm Brand AS to be Modestly Overvalued.

Key valuation signals for FRA:1AM:

  • E10: €0.15
  • GF Value™: €1.80 vs. price of €2.07 (14.9% above fair value)
  • GF Score™: 53/100 with 2 warning signs

No single metric tells the full story. See the FRA:1AM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Alm Brand AS Business Description

Other Exchanges ALMBc:UK0DJI:UKALMB:Denmark
Address Midtermolen 7, Copenhagen, DNK, DK-2100
Alm Brand AS is a Danish investment holding company. Along with its subsidiaries, it offers insurance solutions, under various brands, to its customers. Its business segments include the personal Lines segment, which comprises sales of insurance to private households through its own sales channels and partnerships, the Commercial Lines segment, which comprises sales to agricultural and commercial customers through its own sales channels and partnerships, and the Non-life insurance segment, which is also its key revenue-generating segment. Geographically, the company generates the majority of its revenue from Denmark.
53GF Score

Get the complete analysis for FRA:1AM

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

€2.07
Price
€1.80
GF Value