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Norsk Hydro ASA (FRA:NOH1) E10 : €0.31 (As of Dec. 2024)


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What is Norsk Hydro ASA E10?

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.

Norsk Hydro ASA's adjusted earnings per share data for the three months ended in Dec. 2024 was €0.082. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €0.31 for the trailing ten years ended in Dec. 2024.

During the past 12 months, Norsk Hydro ASA's average E10 Growth Rate was 6.90% per year. During the past 3 years, the average E10 Growth Rate was 29.80% per year. During the past 5 years, the average E10 Growth Rate was 24.00% 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 Norsk Hydro ASA was 32.70% per year. The lowest was -41.60% per year. And the median was 7.90% per year.

As of today (2025-03-17), Norsk Hydro ASA's current stock price is €5.888. Norsk Hydro ASA's E10 for the quarter that ended in Dec. 2024 was €0.31. Norsk Hydro ASA's Shiller PE Ratio of today is 18.99.

During the past 13 years, the highest Shiller PE Ratio of Norsk Hydro ASA was 72.73. The lowest was 6.19. And the median was 21.03.


Norsk Hydro ASA E10 Historical Data

The historical data trend for Norsk Hydro 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.

* Premium members only.

Norsk Hydro ASA E10 Chart

Norsk Hydro ASA Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.14 0.17 0.30 0.31 0.31

Norsk Hydro ASA Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Jun24 Sep24 Dec24
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 0.31 0.31 0.32 0.31 0.31

Competitive Comparison of Norsk Hydro ASA's E10

For the Aluminum subindustry, Norsk Hydro 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.


Norsk Hydro ASA's Shiller PE Ratio Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Norsk Hydro ASA's Shiller PE Ratio distribution charts can be found below:

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



Norsk Hydro 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, Norsk Hydro ASA's adjusted earnings per share data for the three months ended in Dec. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Dec. 2024 (Change)*Current CPI (Dec. 2024)
=0.082/134.8000*134.8000
=0.082

Current CPI (Dec. 2024) = 134.8000.

Norsk Hydro ASA Quarterly Data

per share eps CPI Adj_EPS
201412 -0.020 98.600 -0.027
201503 0.053 99.200 0.072
201506 0.107 100.100 0.144
201509 -0.070 100.600 -0.094
201512 0.024 100.900 0.032
201603 0.119 102.500 0.156
201606 0.102 103.800 0.132
201609 0.058 104.200 0.075
201612 0.058 104.400 0.075
201703 0.095 105.000 0.122
201706 0.077 105.800 0.098
201709 0.107 105.900 0.136
201712 0.174 106.100 0.221
201803 0.106 107.300 0.133
201806 0.109 108.500 0.135
201809 0.038 109.500 0.047
201812 -0.035 109.800 -0.043
201903 0.000 110.400 0.000
201906 -0.004 110.600 -0.005
201909 -0.063 111.100 -0.076
201912 -0.023 111.300 -0.028
202003 -0.078 111.200 -0.095
202006 -0.057 112.100 -0.069
202009 -0.010 112.900 -0.012
202012 0.236 112.900 0.282
202103 0.069 114.600 0.081
202106 0.124 115.300 0.145
202109 0.048 117.500 0.055
202112 0.342 118.900 0.388
202203 0.288 119.800 0.324
202206 0.533 122.600 0.586
202209 0.328 125.600 0.352
202212 0.014 125.900 0.015
202303 0.055 127.600 0.058
202306 0.219 130.400 0.226
202309 -0.016 129.800 -0.017
202312 -0.110 131.900 -0.112
202406 0.094 133.800 0.095
202409 0.034 133.700 0.034
202412 0.082 134.800 0.082

Add all the adjusted EPS together and divide 10 will get our e10.


Norsk Hydro ASA  (FRA:NOH1) 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.

Norsk Hydro ASA's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=5.888/0.31
=18.99

* 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 Norsk Hydro ASA was 72.73. The lowest was 6.19. And the median was 21.03.


Be Aware

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


Norsk Hydro ASA E10 Related Terms

Thank you for viewing the detailed overview of Norsk Hydro ASA's E10 provided by GuruFocus.com. Please click on the following links to see related term pages.


Norsk Hydro ASA Business Description

Address
Drammensveien 264, Oslo, NOR, NO-0283
Norsk Hydro ASA is an aluminium and renewable energy company committed to a sustainable future. It's engaged in energy to bauxite mining and alumina refining, primary aluminium, aluminium extrusions, and aluminium recycling. The company's reportable segments are Hydro Bauxite & Alumina, Hydro Aluminium Metal, Hydro Extrusions, Hydro Energy, and Hydro Metal Markets activities. Hydro Extrusions delivers products within extrusion profiles, building systems, and precision tubing, and is operating several recycling facilities, both integrated with its extrusion plants and separate plants. It is delivered to sectors such as construction, automotive and heating, ventilation and air conditioning. Key revenue comes from the Hydro Extrusions segment.

Norsk Hydro ASA Headlines

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