B2 Impact ASA (FRA:B28) E10: €0.11 (As of Mar. 2026)


FRA:B28 B2 Impact ASA FRA:B28
63 GF Score
Price €1.97
GF Value €1.07
Valuation Significantly Overvalued
! 4 Warning Signs
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What is B2 Impact ASA E10?

B2 Impact ASA FRA:B28 -0.51% 63 E10 is €0.11 as of Mar. 2026. GuruFocus rates FRA:B28 with a GF Score™ of 63/100 and a GF Value™ of €1.07 (Significantly Overvalued). The stock has 4 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.

B2 Impact ASA's adjusted earnings per share data for the three months ended in Mar. 2026 was €0.041. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €0.11 for the trailing ten years ended in Mar. 2026.

During the past 12 months, B2 Impact ASA's average E10 Growth Rate was 10.80% 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.

As of today (2026-06-28), B2 Impact ASA's current stock price is €1.968. B2 Impact ASA's E10 for the quarter that ended in Mar. 2026 was €0.11. B2 Impact ASA's Shiller PE Ratio of today is 17.89.

During the past 13 years, the highest Shiller PE Ratio of B2 Impact ASA was 21.31. The lowest was 7.08. And the median was 12.69.


B2 Impact ASA  (FRA:B28) 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.

B2 Impact ASA's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=1.968/0.11
=17.89

* 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 B2 Impact ASA was 21.31. The lowest was 7.08. And the median was 12.69.


Be Aware

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


B2 Impact ASA E10 Related Terms


B2 Impact ASA E10 Historical Data

* Premium members only.

The historical data trend for B2 Impact 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.

B2 Impact ASA E10 Chart

B2 Impact 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 0.00 0.00 0.00 0.09 0.10

B2 Impact 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 0.09 0.09 0.09 0.10 0.11

FRA:B28 vs V, MA, AXP: E10 Comparison

For the Credit Services subindustry, B2 Impact 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.


B2 Impact ASA Shiller PE Ratio vs Credit Services Industry

For the Credit Services industry and Financial Services sector, B2 Impact ASA's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where B2 Impact ASA's Shiller PE Ratio falls into.


FRA:B28
63GF Score
B2 Impact ASA FRA:B28
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

B2 Impact 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, B2 Impact 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)
=0.041/139.1000*139.1000
=0.041

Current CPI (Mar. 2026) = 139.1000.

B2 Impact ASA Quarterly Data

per share eps CPI Adj_EPS
201606 0.020 103.800 0.027
201609 0.013 104.200 0.017
201612 0.023 104.400 0.031
201703 0.031 105.000 0.041
201706 0.031 105.800 0.041
201709 0.032 105.900 0.042
201712 0.042 106.100 0.055
201803 0.042 107.300 0.054
201806 0.046 108.500 0.059
201809 0.039 109.500 0.050
201812 0.039 109.800 0.049
201903 0.027 110.400 0.034
201906 -0.068 110.600 -0.086
201909 0.044 111.100 0.055
201912 0.022 111.300 0.027
202003 0.005 111.200 0.006
202006 0.007 112.100 0.009
202009 0.029 112.900 0.036
202012 0.028 112.900 0.034
202103 0.032 114.600 0.039
202106 0.038 115.300 0.046
202109 0.038 117.500 0.045
202112 0.029 118.900 0.034
202203 0.025 119.800 0.029
202206 0.006 122.600 0.007
202209 0.035 125.600 0.039
202212 0.014 125.900 0.015
202303 0.026 127.600 0.028
202306 0.036 130.400 0.038
202309 0.010 129.800 0.011
202312 0.015 131.900 0.016
202403 0.023 132.600 0.024
202406 0.057 133.800 0.059
202409 -0.017 133.700 -0.018
202412 0.004 134.800 0.004
202503 0.030 136.100 0.031
202506 0.047 137.800 0.047
202509 0.032 138.500 0.032
202512 0.034 139.100 0.034
202603 0.041 139.100 0.041

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 €0.11 mean?
B2 Impact ASA (FRA:B28) has a E10 of €0.11 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on B2 Impact ASA and its competitors.
Is B2 Impact ASA's E10 too high?
B2 Impact ASA's current E10 is €0.11. Overall, B2 Impact ASA has a GF Score™ of 63/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does B2 Impact ASA's E10 compare to V and MA?
B2 Impact ASA's E10 of €0.11 can be compared against companies in the Credit 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 Credit Services company?
A good E10 depends on the Credit 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 B2 Impact ASA and its competitors. B2 Impact ASA's current E10 is €0.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is B2 Impact ASA stock overvalued right now?
Based on GuruFocus' analysis, B2 Impact ASA (FRA:B28) is currently considered Significantly Overvalued. The stock's GF Value™ is €1.07, compared to a current price of €1.97 — trading 83.9% above its estimated fair value. The current E10 is €0.11. B2 Impact ASA's overall GF Score™ is 63/100 with 4 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 B2 Impact ASA (FRA:B28), the current E10 is €0.11 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 B2 Impact ASA (FRA:B28) Overvalued in 2026?

Based on GuruFocus' analysis, B2 Impact ASA stock appears to be overvalued. The current stock price of €1.97 is trading 83.9% above its estimated GF Value™ of €1.07. GuruFocus considers B2 Impact ASA to be Significantly Overvalued.

Key valuation signals for FRA:B28:

  • E10: €0.11
  • GF Value™: €1.07 vs. price of €1.97 (83.9% above fair value)
  • GF Score™: 63/100 with 4 warning signs

No single metric tells the full story. See the FRA:B28 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


B2 Impact ASA Business Description

Address Cort Adelers gate 30, 7th floor, Oslo, NOR, 0254
B2 Impact ASA is a Nordic-based debt management company and a pan-European debt solutions provider active in purchasing non-performing loans, debt collection, and third-party debt collection. The company offers solutions to the challenges created by defaulted loans through transparent and ethical debt management, builds financial health, and provides liquidity to financial institutions, contributing to a healthier financial system. The Group's services include debt collection, debt purchase, and third-party debt collection. Its main business lines are investments in non-performing loan (NPL) portfolios and servicing of debt, including third-party debt collection, with operations focused on unsecured and secured asset management across multiple European markets.
63GF Score

Get the complete analysis for FRA:B28

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

€1.97
Price
€1.07
GF Value