Arjo AB (FRA:A39) E10: €0.16 (As of Mar. 2026)


FRA:A39 Arjo AB FRA:A39
73 GF Score
Price €2.21
GF Value €3.27
Valuation Significantly Undervalued
! 5 Warning Signs
View Full Analysis

What is Arjo AB E10?

Arjo AB FRA:A39 +1.10% 73 E10 is €0.16 as of Mar. 2026. GuruFocus rates FRA:A39 with a GF Score™ of 73/100 and a GF Value™ of €3.27 (Significantly 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.

Arjo AB's adjusted earnings per share data for the three months ended in Mar. 2026 was €0.037. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €0.16 for the trailing ten years ended in Mar. 2026.

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.

As of today (2026-06-28), Arjo AB's current stock price is €2.212. Arjo AB's E10 for the quarter that ended in Mar. 2026 was €0.16. Arjo AB's Shiller PE Ratio of today is 13.83.

During the past 13 years, the highest Shiller PE Ratio of Arjo AB was 17.88. The lowest was 13.28. And the median was 14.98.


Arjo AB  (FRA:A39) 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.

Arjo AB's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=2.212/0.16
=13.83

* 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 Arjo AB was 17.88. The lowest was 13.28. And the median was 14.98.


Be Aware

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


Arjo AB E10 Related Terms


Arjo AB E10 Historical Data

* Premium members only.

The historical data trend for Arjo AB'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.

Arjo AB E10 Chart

Arjo AB 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 0.00 0.00 0.00 0.00 0.17

Arjo AB 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 0.00 0.00 0.16 0.17 0.16

FRA:A39 vs MCK, COR, CAH: E10 Comparison

For the Medical Distribution subindustry, Arjo AB'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.


Arjo AB Shiller PE Ratio vs Medical Distribution Industry

For the Medical Distribution industry and Healthcare sector, Arjo AB's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Arjo AB's Shiller PE Ratio falls into.


FRA:A39
73GF Score
Arjo AB FRA:A39
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Arjo AB 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, Arjo AB'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)
=0.037/133.3862*133.3862
=0.037

Current CPI (Mar. 2026) = 133.3862.

Arjo AB Quarterly Data

per share eps CPI Adj_EPS
201512 0.000 100.276 0.000
201609 0.055 101.138 0.073
201612 0.019 102.022 0.025
201703 0.063 102.022 0.082
201706 0.035 102.752 0.045
201709 -0.027 103.279 -0.035
201712 -0.025 103.793 -0.032
201803 0.018 103.962 0.023
201806 0.032 104.875 0.041
201809 0.020 105.679 0.025
201812 0.035 105.912 0.044
201903 0.037 105.886 0.047
201906 0.034 106.742 0.042
201909 0.015 107.214 0.019
201912 0.055 107.766 0.068
202003 0.036 106.563 0.045
202006 0.040 107.498 0.050
202009 0.047 107.635 0.058
202012 0.063 108.296 0.078
202103 0.063 108.360 0.078
202106 0.069 108.928 0.084
202109 0.068 110.338 0.082
202112 0.067 112.486 0.079
202203 0.057 114.825 0.066
202206 0.036 118.384 0.041
202209 0.030 122.296 0.033
202212 0.032 126.365 0.034
202303 0.037 127.042 0.039
202306 0.033 129.407 0.034
202309 0.025 130.224 0.026
202312 0.060 131.912 0.061
202403 0.042 132.205 0.042
202406 0.039 132.716 0.039
202409 0.024 132.304 0.024
202412 0.056 132.987 0.056
202503 0.031 132.825 0.031
202506 0.031 133.699 0.031
202509 0.027 133.482 0.027
202512 0.024 133.386 0.024
202603 0.037 133.386 0.037

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 €0.16 mean?
Arjo AB (FRA:A39) has a E10 of €0.16 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Arjo AB and its competitors.
Is Arjo AB's E10 too high?
Arjo AB's current E10 is €0.16. Overall, Arjo AB has a GF Score™ of 73/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Arjo AB's E10 compare to MCK and COR?
Arjo AB's E10 of €0.16 can be compared against companies in the Medical Distribution 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 Medical Distribution company?
A good E10 depends on the Medical Distribution 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 Arjo AB and its competitors. Arjo AB's current E10 is €0.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Arjo AB stock overvalued right now?
Based on GuruFocus' analysis, Arjo AB (FRA:A39) is currently considered Significantly Undervalued. The stock's GF Value™ is €3.27, compared to a current price of €2.21 — trading 32.4% below its estimated fair value. The current E10 is €0.16. Arjo AB's overall GF Score™ is 73/100 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 Arjo AB (FRA:A39), the current E10 is €0.16 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 Arjo AB (FRA:A39) Overvalued in 2026?

Based on GuruFocus' analysis, Arjo AB stock appears to be undervalued. The current stock price of €2.21 is trading 32.4% below its estimated GF Value™ of €3.27. GuruFocus considers Arjo AB to be Significantly Undervalued.

Key valuation signals for FRA:A39:

  • E10: €0.16
  • GF Value™: €3.27 vs. price of €2.21 (32.4% below fair value)
  • GF Score™: 73/100 with 5 warning signs

No single metric tells the full story. See the FRA:A39 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Arjo AB Business Description

Address Hans Michelsensgatan 10, Box 48, Malmo, SWE, SE-201 20
Arjo AB is a supplier of medical devices, services, and solutions in Sweden. It serves its services to private and public institutions with acute care and long-term care. The company's offering includes products and solutions for patient handling, hygiene, disinfection, medical beds, therapeutic surfaces, venous thromboembolism (VTE) prevention and diagnostics. The company includes segments: Global Sales, North America, Diagnostics.
73GF Score

Get the complete analysis for FRA:A39

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

€2.21
Price
€3.27
GF Value