Grieg Seafood ASA (FRA:GR8) E10: €0.34 (As of Dec. 2025)


FRA:GR8 Grieg Seafood ASA FRA:GR8
68 GF Score
Price €2.57
GF Value €3.71
Valuation Significantly Undervalued
! 5 Warning Signs
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What is Grieg Seafood ASA E10?

Grieg Seafood ASA FRA:GR8 -2.21% 68 E10 is €0.34 as of Dec. 2025. GuruFocus rates FRA:GR8 with a GF Score™ of 68/100 and a GF Value™ of €3.71 (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.

Grieg Seafood ASA's adjusted earnings per share data for the three months ended in Dec. 2025 was €0.321. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €0.34 for the trailing ten years ended in Dec. 2025.

During the past 12 months, Grieg Seafood ASA's average E10 Growth Rate was -17.50% per year. During the past 3 years, the average E10 Growth Rate was -12.00% per year. During the past 5 years, the average E10 Growth Rate was 5.10% 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 Grieg Seafood ASA was 26.50% per year. The lowest was -12.00% per year. And the median was 4.15% per year.

As of today (2026-06-29), Grieg Seafood ASA's current stock price is €2.572. Grieg Seafood ASA's E10 for the quarter that ended in Dec. 2025 was €0.34. Grieg Seafood ASA's Shiller PE Ratio of today is 7.56.

During the past 13 years, the highest Shiller PE Ratio of Grieg Seafood ASA was 37.75. The lowest was 7.09. And the median was 22.17.


Grieg Seafood ASA  (FRA:GR8) 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.

Grieg Seafood ASA's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=2.572/0.34
=7.56

* 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 Grieg Seafood ASA was 37.75. The lowest was 7.09. And the median was 22.17.


Be Aware

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


Grieg Seafood ASA E10 Related Terms


Grieg Seafood ASA E10 Historical Data

* Premium members only.

The historical data trend for Grieg Seafood 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.

Grieg Seafood ASA E10 Chart

Grieg Seafood 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 0.44 0.56 0.55 0.41 0.34

Grieg Seafood 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 0.41 0.38 0.38 0.33 0.34

FRA:GR8 vs ADM, BG, TSN: E10 Comparison

For the Farm Products subindustry, Grieg Seafood 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.


Grieg Seafood ASA Shiller PE Ratio vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Grieg Seafood ASA's Shiller PE Ratio distribution charts can be found below:

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


FRA:GR8
68GF Score
Grieg Seafood ASA FRA:GR8
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Grieg Seafood 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, Grieg Seafood 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)
=0.321/139.1000*139.1000
=0.321

Current CPI (Dec. 2025) = 139.1000.

Grieg Seafood ASA Quarterly Data

per share eps CPI Adj_EPS
201603 0.172 102.500 0.233
201606 0.282 103.800 0.378
201609 0.169 104.200 0.226
201612 0.546 104.400 0.727
201703 -0.067 105.000 -0.089
201706 0.230 105.800 0.302
201709 0.177 105.900 0.232
201712 0.197 106.100 0.258
201803 0.210 107.300 0.272
201806 0.156 108.500 0.200
201809 0.208 109.500 0.264
201812 0.338 109.800 0.428
201903 0.234 110.400 0.295
201906 0.130 110.600 0.163
201909 -0.242 111.100 -0.303
201912 0.445 111.300 0.556
202003 -0.362 111.200 -0.453
202006 -0.047 112.100 -0.058
202009 -0.037 112.900 -0.046
202012 0.076 112.900 0.094
202103 0.099 114.600 0.120
202106 0.108 115.300 0.130
202109 0.177 117.500 0.210
202112 0.660 118.900 0.772
202203 0.637 119.800 0.740
202206 0.582 122.600 0.660
202209 -0.245 125.600 -0.271
202212 0.053 125.900 0.059
202303 0.337 127.600 0.367
202306 -0.427 130.400 -0.455
202309 0.114 129.800 0.122
202312 0.426 131.900 0.449
202403 -0.251 132.600 -0.263
202406 -0.665 133.800 -0.691
202409 -0.144 133.700 -0.150
202412 -0.034 134.800 -0.035
202503 -0.251 136.100 -0.257
202506 -0.388 137.800 -0.392
202509 -0.557 138.500 -0.559
202512 0.321 139.100 0.321

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 €0.34 mean?
Grieg Seafood ASA (FRA:GR8) has a E10 of €0.34 as of Dec. 2025. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Grieg Seafood ASA and its competitors.
Is Grieg Seafood ASA's E10 too high?
Grieg Seafood ASA's current E10 is €0.34. Overall, Grieg Seafood ASA has a GF Score™ of 68/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Grieg Seafood ASA's E10 compare to ADM and BG?
Grieg Seafood ASA's E10 of €0.34 can be compared against companies in the Consumer Packaged Goods 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 Consumer Packaged Goods company?
A good E10 depends on the Consumer Packaged Goods 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 Grieg Seafood ASA and its competitors. Grieg Seafood ASA's current E10 is €0.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Grieg Seafood ASA stock overvalued right now?
Based on GuruFocus' analysis, Grieg Seafood ASA (FRA:GR8) is currently considered Significantly Undervalued. The stock's GF Value™ is €3.71, compared to a current price of €2.57 — trading 30.7% below its estimated fair value. The current E10 is €0.34. Grieg Seafood ASA's overall GF Score™ is 68/100 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 Grieg Seafood ASA (FRA:GR8), the current E10 is €0.34 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 Grieg Seafood ASA (FRA:GR8) Overvalued in 2026?

Based on GuruFocus' analysis, Grieg Seafood ASA stock appears to be undervalued. The current stock price of €2.57 is trading 30.7% below its estimated GF Value™ of €3.71. GuruFocus considers Grieg Seafood ASA to be Significantly Undervalued.

Key valuation signals for FRA:GR8:

  • E10: €0.34
  • GF Value™: €3.71 vs. price of €2.57 (30.7% below fair value)
  • GF Score™: 68/100 with 5 warning signs

No single metric tells the full story. See the FRA:GR8 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Grieg Seafood ASA Business Description

Address C. Sundtsgate 17/19, Grieg-Gaarden, Bergen, NOR, 5004
Grieg Seafood ASA is an integrated Norwegian seafood company engaged in farming Atlantic salmon. The company's facilities are located in Finnmark and Rogaland in Norway and British Columbia and Newfoundland in Canada. The product portfolio of the company includes fresh whole fish, freshly processed fish, frozen processed fish, frozen whole fish, and other products.
68GF Score

Get the complete analysis for FRA:GR8

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

€2.57
Price
€3.71
GF Value