Koninklijke Ahold Delhaize NV (FRA:AHOG) E10: €2.10 (As of Mar. 2026)


FRA:AHOG Koninklijke Ahold Delhaize NV FRA:AHOG
92 GF Score
Price €35.37
GF Value €34.87
Valuation Fairly Valued
! 3 Warning Signs
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What is Koninklijke Ahold Delhaize NV E10?

Koninklijke Ahold Delhaize NV FRA:AHOG +0.06% 92 E10 is €2.10 as of Mar. 2026. GuruFocus rates FRA:AHOG with a GF Score™ of 92/100 and a GF Value™ of €34.87 (Fairly Valued). The stock has 3 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.

Koninklijke Ahold Delhaize NV's adjusted earnings per share data for the three months ended in Mar. 2026 was €0.620. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €2.10 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Koninklijke Ahold Delhaize NV's average E10 Growth Rate was 6.60% per year. During the past 3 years, the average E10 Growth Rate was 3.50% per year. During the past 5 years, the average E10 Growth Rate was 7.40% 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 Koninklijke Ahold Delhaize NV was 11.30% per year. The lowest was 3.50% per year. And the median was 6.80% per year.

As of today (2026-06-26), Koninklijke Ahold Delhaize NV's current stock price is €35.37. Koninklijke Ahold Delhaize NV's E10 for the quarter that ended in Mar. 2026 was €2.10. Koninklijke Ahold Delhaize NV's Shiller PE Ratio of today is 16.84.

During the past 13 years, the highest Shiller PE Ratio of Koninklijke Ahold Delhaize NV was 20.44. The lowest was 12.69. And the median was 16.75.


Koninklijke Ahold Delhaize NV  (FRA:AHOG) 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.

Koninklijke Ahold Delhaize NV's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=35.37/2.10
=16.84

* 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 Koninklijke Ahold Delhaize NV was 20.44. The lowest was 12.69. And the median was 16.75.


Be Aware

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


Koninklijke Ahold Delhaize NV E10 Related Terms


Koninklijke Ahold Delhaize NV E10 Historical Data

* Premium members only.

The historical data trend for Koninklijke Ahold Delhaize NV'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.

Koninklijke Ahold Delhaize NV E10 Chart

Koninklijke Ahold Delhaize NV 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 1.58 1.88 1.74 1.90 2.04

Koninklijke Ahold Delhaize NV 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 1.96 1.98 2.03 2.04 2.10

FRA:AHOG vs KR, SFM, ACI: E10 Comparison

For the Grocery Stores subindustry, Koninklijke Ahold Delhaize NV'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.


Koninklijke Ahold Delhaize NV Shiller PE Ratio vs Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Koninklijke Ahold Delhaize NV's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Koninklijke Ahold Delhaize NV's Shiller PE Ratio falls into.


FRA:AHOG
92GF Score
Koninklijke Ahold Delhaize NV FRA:AHOG
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Koninklijke Ahold Delhaize NV 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, Koninklijke Ahold Delhaize NV'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)
=0.62/135.2700*135.2700
=0.620

Current CPI (Mar. 2026) = 135.2700.

Koninklijke Ahold Delhaize NV Quarterly Data

per share eps CPI Adj_EPS
201606 0.250 100.260 0.337
201609 0.200 100.570 0.269
201612 0.120 100.710 0.161
201703 0.280 101.440 0.373
201706 0.280 101.370 0.374
201709 0.290 102.030 0.384
201712 0.590 101.970 0.783
201803 0.330 102.470 0.436
201806 0.340 103.100 0.446
201809 0.390 103.950 0.508
201812 0.440 103.970 0.572
201903 0.380 105.370 0.488
201906 0.300 105.840 0.383
201909 0.410 106.700 0.520
201912 0.500 106.800 0.633
202003 0.590 106.850 0.747
202006 0.650 107.510 0.818
202009 0.060 107.880 0.075
202012 -0.010 107.850 -0.013
202103 0.530 108.870 0.659
202106 0.520 109.670 0.641
202109 0.510 110.790 0.623
202112 0.610 114.010 0.724
202203 0.540 119.460 0.611
202206 0.600 119.050 0.682
202209 0.590 126.890 0.629
202212 0.810 124.940 0.877
202303 0.570 124.720 0.618
202306 0.480 125.830 0.516
202309 0.410 127.160 0.436
202312 0.470 126.450 0.503
202403 0.540 128.580 0.568
202406 0.530 129.910 0.552
202409 0.400 131.610 0.411
202412 0.410 131.630 0.421
202503 0.600 133.330 0.609
202506 0.600 133.960 0.606
202509 0.650 135.920 0.647
202512 0.650 135.270 0.650
202603 0.620 135.270 0.620

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 €2.10 mean?
Koninklijke Ahold Delhaize NV (FRA:AHOG) has a E10 of €2.10 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Koninklijke Ahold Delhaize NV and its competitors.
Is Koninklijke Ahold Delhaize NV's E10 too high?
Koninklijke Ahold Delhaize NV's current E10 is €2.10. Overall, Koninklijke Ahold Delhaize NV has a GF Score™ of 92/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Koninklijke Ahold Delhaize NV's E10 compare to KR and SFM?
Koninklijke Ahold Delhaize NV's E10 of €2.10 can be compared against companies in the Retail - Defensive 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 Retail - Defensive company?
A good E10 depends on the Retail - Defensive 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 Koninklijke Ahold Delhaize NV and its competitors. Koninklijke Ahold Delhaize NV's current E10 is €2.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Koninklijke Ahold Delhaize NV stock overvalued right now?
Based on GuruFocus' analysis, Koninklijke Ahold Delhaize NV (FRA:AHOG) is currently considered Fairly Valued. The stock's GF Value™ is €34.87, compared to a current price of €35.37 — trading 1.4% above its estimated fair value. The current E10 is €2.10. Koninklijke Ahold Delhaize NV's overall GF Score™ is 92/100 with 3 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 Koninklijke Ahold Delhaize NV (FRA:AHOG), the current E10 is €2.10 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 Koninklijke Ahold Delhaize NV (FRA:AHOG) Overvalued in 2026?

Based on GuruFocus' analysis, Koninklijke Ahold Delhaize NV stock appears to be overvalued. The current stock price of €35.37 is trading 1.4% above its estimated GF Value™ of €34.87. GuruFocus considers Koninklijke Ahold Delhaize NV to be Fairly Valued.

Key valuation signals for FRA:AHOG:

  • E10: €2.10
  • GF Value™: €34.87 vs. price of €35.37 (1.4% above fair value)
  • GF Score™: 92/100 with 3 warning signs

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


Koninklijke Ahold Delhaize NV Business Description

Address Provincialeweg 11, Zaandam, NH, NLD, 1506 MA
Ahold Delhaize is the product of the July 2016 merger between Netherlands-based Ahold and Belgium's Delhaize, forming the seventh-largest grocer in the US and a top player in several parts of Europe. The US is its largest market, accounting for over 60% of group sales, and the network stretches from Maine to Georgia, including banners Stop & Shop, The Giant Company, Giant Food, Food Lion, and Hannaford. The Europe segment accounts for the rest of the revenue, with the firm operating in the Netherlands, Belgium, Greece, Romania, Serbia, and Luxembourg.
92GF Score

Get the complete analysis for FRA:AHOG

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

€35.37
Price
€34.87
GF Value