Hexagon Composites ASA (FRA:2HX) E10: €-0.01 (As of Dec. 2025)


FRA:2HX Hexagon Composites ASA FRA:2HX
71 GF Score
Price €0.75
GF Value €1.08
Valuation Possible Value Trap
! 6 Warning Signs
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What is Hexagon Composites ASA E10?

Hexagon Composites ASA FRA:2HX +2.66% 71 E10 is €-0.01 as of Dec. 2025. GuruFocus rates FRA:2HX with a GF Score™ of 71/100 and a GF Value™ of €1.08 (Possible Value Trap). 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.

Hexagon Composites ASA's adjusted earnings per share data for the three months ended in Dec. 2025 was €-0.030. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €-0.01 for the trailing ten years ended in Dec. 2025.

During the past 12 months, Hexagon Composites ASA's average E10 Growth Rate was -154.80% 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 Hexagon Composites ASA was 6.90% per year. The lowest was -33.60% per year. And the median was -4.00% per year.

As of today (2026-06-29), Hexagon Composites ASA's current stock price is €0.752. Hexagon Composites ASA's E10 for the quarter that ended in Dec. 2025 was €-0.01. Hexagon Composites ASA's Shiller PE Ratio of today is .

During the past 13 years, the highest Shiller PE Ratio of Hexagon Composites ASA was 415.31. The lowest was 18.52. And the median was 49.41.


Hexagon Composites ASA  (FRA:2HX) 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.

During the past 13 years, the highest Shiller P/E Ratio of Hexagon Composites ASA was 415.31. The lowest was 18.52. And the median was 49.41.


Be Aware

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


Hexagon Composites ASA E10 Related Terms


Hexagon Composites ASA E10 Historical Data

* Premium members only.

The historical data trend for Hexagon Composites 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.

Hexagon Composites ASA E10 Chart

Hexagon Composites 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 0.03 0.02 0.05 0.03 -0.01

Hexagon Composites ASA Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
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 0.03 -0.01 -0.01 -0.01 -0.01

FRA:2HX vs SW, PKG, IP: E10 Comparison

For the Packaging & Containers subindustry, Hexagon Composites 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.


Hexagon Composites ASA Shiller PE Ratio vs Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Hexagon Composites ASA's Shiller PE Ratio distribution charts can be found below:

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


FRA:2HX
71GF Score
Hexagon Composites ASA FRA:2HX
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hexagon Composites 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, Hexagon Composites ASA's adjusted earnings per share data for the three months ended in Dec. 2025 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=-0.03/139.1000*139.1000
=-0.030

Current CPI (Dec. 2025) = 139.1000.

Hexagon Composites ASA Quarterly Data

per share eps CPI Adj_EPS
201603 0.000 102.500 0.000
201606 0.009 103.800 0.012
201609 -0.007 104.200 -0.009
201612 0.133 104.400 0.177
201703 0.004 105.000 0.005
201706 0.009 105.800 0.012
201709 0.010 105.900 0.013
201712 0.019 106.100 0.025
201803 0.014 107.300 0.018
201806 0.039 108.500 0.050
201809 0.020 109.500 0.025
201812 0.014 109.800 0.018
201903 0.040 110.400 0.050
201906 -0.015 110.600 -0.019
201909 0.030 111.100 0.038
201912 0.007 111.300 0.009
202003 0.029 111.200 0.036
202006 -0.039 112.100 -0.048
202009 -0.021 112.900 -0.026
202012 -0.039 112.900 -0.048
202103 -0.045 114.600 -0.055
202106 -0.035 115.300 -0.042
202109 -0.031 117.500 -0.037
202112 -0.039 118.900 -0.046
202203 -0.056 119.800 -0.065
202206 -0.055 122.600 -0.062
202209 -0.038 125.600 -0.042
202212 -0.039 125.900 -0.043
202303 -0.074 127.600 -0.081
202306 0.911 130.400 0.972
202309 -0.065 129.800 -0.070
202312 -0.343 131.900 -0.362
202403 -0.067 132.600 -0.070
202406 0.244 133.800 0.254
202409 0.001 133.700 0.001
202412 -0.294 134.800 -0.303
202503 -0.338 136.100 -0.345
202506 0.021 137.800 0.021
202509 -0.067 138.500 -0.067
202512 -0.030 139.100 -0.030

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 €-0.01 mean?
Hexagon Composites ASA (FRA:2HX) has a E10 of €-0.01 as of Dec. 2025. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Hexagon Composites ASA and its competitors.
Is Hexagon Composites ASA's E10 too high?
Hexagon Composites ASA's current E10 is €-0.01. Overall, Hexagon Composites ASA has a GF Score™ of 71/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Hexagon Composites ASA's E10 compare to SW and PKG?
Hexagon Composites ASA's E10 of €-0.01 can be compared against companies in the Packaging & Containers 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 Packaging & Containers company?
A good E10 depends on the Packaging & Containers 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 Hexagon Composites ASA and its competitors. Hexagon Composites ASA's current E10 is €-0.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hexagon Composites ASA stock overvalued right now?
Based on GuruFocus' analysis, Hexagon Composites ASA (FRA:2HX) is currently considered Possible Value Trap. The stock's GF Value™ is €1.08, compared to a current price of €0.75 — trading 30.4% below its estimated fair value. The current E10 is €-0.01. Hexagon Composites ASA's overall GF Score™ is 71/100 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 Hexagon Composites ASA (FRA:2HX), the current E10 is €-0.01 as of Dec. 2025. 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 Hexagon Composites ASA (FRA:2HX) Overvalued in 2026?

Based on GuruFocus' analysis, Hexagon Composites ASA stock appears to be undervalued. The current stock price of €0.75 is trading 30.4% below its estimated GF Value™ of €1.08. GuruFocus considers Hexagon Composites ASA to be Possible Value Trap.

Key valuation signals for FRA:2HX:

  • E10: €-0.01
  • GF Value™: €1.08 vs. price of €0.75 (30.4% below fair value)
  • GF Score™: 71/100 with 6 warning signs

No single metric tells the full story. See the FRA:2HX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hexagon Composites ASA Business Description

Address Korsegata 4B, P.O. Box 836, Sentrum, Aalesund, NOR, 6002
Hexagon Composites ASA is a supplier of clean energy technology for gas storage, distribution, fuel systems, and other related products. The operating segments of the company are Hexagon Agility, and Hexagon Digital Wave. Hexagon Agility segment offers natural gas fuel systems and delivery solutions for the mobility market. The Hexagon Digital Wave segment offers cylinder testing and monitoring technology. The company operates through Europe, North America, Southeast Asia, Africa, Oceania and Norway.
71GF Score

Get the complete analysis for FRA:2HX

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

€0.75
Price
€1.08
GF Value