KNOT Offshore Partners LP (FRA:KO4) E10: €1.48 (As of Mar. 2026)

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FRA:KO4 KNOT Offshore Partners LP FRA:KO4
68 GF Score
Price €9.19
GF Value €6.95
Valuation Significantly Overvalued
! 9 Warning Signs
View Full Analysis

What is KNOT Offshore Partners LP E10?

KNOT Offshore Partners LP FRA:KO4 -1.26% 68 E10 is €1.48 as of Mar. 2026. GuruFocus rates FRA:KO4 with a GF Score™ of 68/100 and a GF Value™ of €6.95 (Significantly Overvalued). The stock has 9 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.

KNOT Offshore Partners LP's adjusted earnings per share data for the three months ended in Mar. 2026 was €0.068. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €1.48 for the trailing ten years ended in Mar. 2026.

During the past 12 months, KNOT Offshore Partners LP's average E10 Growth Rate was -5.90% per year. During the past 3 years, the average E10 Growth Rate was -5.00% 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 KNOT Offshore Partners LP was 1.50% per year. The lowest was -5.00% per year. And the median was -1.75% per year.

As of today (2026-07-15), KNOT Offshore Partners LP's current stock price is €9.194. KNOT Offshore Partners LP's E10 for the quarter that ended in Mar. 2026 was €1.48. KNOT Offshore Partners LP's Shiller PE Ratio of today is 6.21.

During the past 13 years, the highest Shiller PE Ratio of KNOT Offshore Partners LP was 9.88. The lowest was 2.07. And the median was 3.68.


KNOT Offshore Partners LP  (FRA:KO4) 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.

KNOT Offshore Partners LP's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=9.194/1.48
=6.21

* 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 KNOT Offshore Partners LP was 9.88. The lowest was 2.07. And the median was 3.68.


Be Aware

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


KNOT Offshore Partners LP E10 Related Terms


KNOT Offshore Partners LP E10 Historical Data

* Premium members only.

The historical data trend for KNOT Offshore Partners LP'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.

KNOT Offshore Partners LP E10 Chart

KNOT Offshore Partners LP 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 1.54 1.90 0.00 0.00 1.50

KNOT Offshore Partners LP 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 1.48 1.66 1.18 1.50 1.48

FRA:KO4 vs SMC, IMPP, TORO: E10 Comparison

For the Oil & Gas Midstream subindustry, KNOT Offshore Partners LP'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.


KNOT Offshore Partners LP Shiller PE Ratio vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, KNOT Offshore Partners LP's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where KNOT Offshore Partners LP's Shiller PE Ratio falls into.


FRA:KO4
68GF Score
KNOT Offshore Partners LP FRA:KO4
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

KNOT Offshore Partners LP 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, KNOT Offshore Partners LP'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)
=0.068/140.8000*140.8000
=0.068

Current CPI (Mar. 2026) = 140.8000.

KNOT Offshore Partners LP Quarterly Data

per share eps CPI Adj_EPS
201606 0.447 101.000 0.623
201609 0.621 101.500 0.861
201612 0.680 102.200 0.937
201703 0.363 102.700 0.498
201706 0.465 103.500 0.633
201709 0.596 104.300 0.805
201712 0.501 105.000 0.672
201803 0.762 105.100 1.021
201806 0.501 105.900 0.666
201809 0.539 106.600 0.712
201812 0.237 107.100 0.312
201903 0.348 107.000 0.458
201906 0.169 107.900 0.221
201909 0.393 108.400 0.510
201912 0.654 108.500 0.849
202003 -0.170 108.600 -0.220
202006 0.589 108.800 0.762
202009 0.569 109.200 0.734
202012 0.619 109.400 0.797
202103 0.723 109.700 0.928
202106 -0.315 111.400 -0.398
202109 0.348 112.400 0.436
202112 0.608 114.700 0.746
202203 0.720 116.500 0.870
202206 0.218 120.500 0.255
202209 0.476 122.300 0.548
202212 0.167 125.300 0.188
202303 -0.036 126.800 -0.040
202306 -1.117 129.400 -1.215
202309 0.348 130.100 0.377
202312 -0.142 130.500 -0.153
202403 0.201 131.600 0.215
202406 -0.390 133.000 -0.413
202409 -0.100 133.500 -0.105
202412 0.652 135.100 0.680
202503 0.206 136.100 0.213
202506 0.130 138.400 0.132
202509 0.380 138.900 0.385
202512 -0.158 139.900 -0.159
202603 0.068 140.800 0.068

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 €1.48 mean?
KNOT Offshore Partners LP (FRA:KO4) has a E10 of €1.48 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on KNOT Offshore Partners LP and its competitors.
Is KNOT Offshore Partners LP's E10 too high?
KNOT Offshore Partners LP's current E10 is €1.48. Overall, KNOT Offshore Partners LP has a GF Score™ of 68/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does KNOT Offshore Partners LP's E10 compare to SMC and IMPP?
KNOT Offshore Partners LP's E10 of €1.48 can be compared against companies in the Oil & Gas 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 an Oil & Gas company?
A good E10 depends on the Oil & Gas 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 KNOT Offshore Partners LP and its competitors. KNOT Offshore Partners LP's current E10 is €1.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is KNOT Offshore Partners LP stock overvalued right now?
Based on GuruFocus' analysis, KNOT Offshore Partners LP (FRA:KO4) is currently considered Significantly Overvalued. The stock's GF Value™ is €6.95, compared to a current price of €9.19 — trading 32.3% above its estimated fair value. The current E10 is €1.48. KNOT Offshore Partners LP's overall GF Score™ is 68/100 with 9 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 KNOT Offshore Partners LP (FRA:KO4), the current E10 is €1.48 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 KNOT Offshore Partners LP (FRA:KO4) Overvalued in 2026?

Based on GuruFocus' analysis, KNOT Offshore Partners LP stock appears to be overvalued. The current stock price of €9.19 is trading 32.3% above its estimated GF Value™ of €6.95. GuruFocus considers KNOT Offshore Partners LP to be Significantly Overvalued.

Key valuation signals for FRA:KO4:

  • E10: €1.48
  • GF Value™: €6.95 vs. price of €9.19 (32.3% above fair value)
  • GF Score™: 68/100 with 9 warning signs

No single metric tells the full story. See the FRA:KO4 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


KNOT Offshore Partners LP Business Description

Industry EnergyOil & Gas
Other Exchanges KNOP:USA
Address 2 Queens Cross, Aberdeenshire, Aberdeen, GBR, AB15 4YB
KNOT Offshore Partners LP owns, operates, and shuttles tankers under long-term charters in the North Sea and Brazil. The company provides crude oil loading, transportation, and storage services under time charters and bareboat charters. The Partnership is formed for acquiring ownership interests in over four shuttle tankers owned by Knutsen NYK Offshore Tankers AS (KNOT). It operates through the shuttle tanker market segment.
68GF Score

Get the complete analysis for FRA:KO4

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

€9.19
Price
€6.95
GF Value