Wilh. Wilhelmsen Holding ASA (FRA:WML2) E10: €4.37 (As of Mar. 2026)


FRA:WML2 Wilh. Wilhelmsen Holding ASA FRA:WML2
71 GF Score
Price €53.40
GF Value €35.36
Valuation Significantly Overvalued
! 7 Warning Signs
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What is Wilh. Wilhelmsen Holding ASA E10?

Wilh. Wilhelmsen Holding ASA FRA:WML2 -2.20% 71 E10 is €4.37 as of Mar. 2026. GuruFocus rates FRA:WML2 with a GF Score™ of 71/100 and a GF Value™ of €35.36 (Significantly Overvalued). The stock has 7 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.

Wilh. Wilhelmsen Holding ASA's adjusted earnings per share data for the three months ended in Mar. 2026 was €2.318. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €4.37 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Wilh. Wilhelmsen Holding ASA's average E10 Growth Rate was 34.10% per year. During the past 3 years, the average E10 Growth Rate was 33.10% per year. During the past 5 years, the average E10 Growth Rate was 23.10% 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 Wilh. Wilhelmsen Holding ASA was 33.10% per year. The lowest was -12.60% per year. And the median was 4.30% per year.

As of today (2026-07-01), Wilh. Wilhelmsen Holding ASA's current stock price is €53.40. Wilh. Wilhelmsen Holding ASA's E10 for the quarter that ended in Mar. 2026 was €4.37. Wilh. Wilhelmsen Holding ASA's Shiller PE Ratio of today is 12.22.

During the past 13 years, the highest Shiller PE Ratio of Wilh. Wilhelmsen Holding ASA was 13.87. The lowest was 4.57. And the median was 9.19.


Wilh. Wilhelmsen Holding ASA  (FRA:WML2) 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.

Wilh. Wilhelmsen Holding ASA's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=53.40/4.37
=12.22

* 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 Wilh. Wilhelmsen Holding ASA was 13.87. The lowest was 4.57. And the median was 9.19.


Be Aware

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


Wilh. Wilhelmsen Holding ASA E10 Related Terms


Wilh. Wilhelmsen Holding ASA E10 Historical Data

* Premium members only.

The historical data trend for Wilh. Wilhelmsen Holding 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.

Wilh. Wilhelmsen Holding ASA E10 Chart

Wilh. Wilhelmsen Holding 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 1.93 2.14 2.62 3.24 4.37

Wilh. Wilhelmsen Holding 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 3.45 3.85 4.35 4.37 4.37

Wilh. Wilhelmsen Holding ASA E10 Competitor Comparison

For the Marine Shipping subindustry, Wilh. Wilhelmsen Holding 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.


Wilh. Wilhelmsen Holding ASA Shiller PE Ratio vs Transportation Industry

For the Transportation industry and Industrials sector, Wilh. Wilhelmsen Holding ASA's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Wilh. Wilhelmsen Holding ASA's Shiller PE Ratio falls into.


FRA:WML2
71GF Score
Wilh. Wilhelmsen Holding ASA FRA:WML2
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Wilh. Wilhelmsen Holding 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, Wilh. Wilhelmsen Holding 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)
=2.318/139.1000*139.1000
=2.318

Current CPI (Mar. 2026) = 139.1000.

Wilh. Wilhelmsen Holding ASA Quarterly Data

per share eps CPI Adj_EPS
201606 0.694 103.800 0.930
201609 0.766 104.200 1.023
201612 0.919 104.400 1.224
201703 0.477 105.000 0.632
201706 -1.922 105.800 -2.527
201709 -0.428 105.900 -0.562
201712 0.656 106.100 0.860
201803 1.768 107.300 2.292
201806 -3.698 108.500 -4.741
201809 1.311 109.500 1.665
201812 -0.775 109.800 -0.982
201903 0.558 110.400 0.703
201906 1.699 110.600 2.137
201909 -0.136 111.100 -0.170
201912 0.054 111.300 0.067
202003 -5.756 111.200 -7.200
202006 0.279 112.100 0.346
202009 2.776 112.900 3.420
202012 3.651 112.900 4.498
202103 0.019 114.600 0.023
202106 1.652 115.300 1.993
202109 -1.879 117.500 -2.224
202112 1.310 118.900 1.533
202203 2.697 119.800 3.131
202206 -0.397 122.600 -0.450
202209 2.111 125.600 2.338
202212 3.176 125.900 3.509
202303 2.017 127.600 2.199
202306 3.184 130.400 3.396
202309 3.036 129.800 3.254
202312 1.541 131.900 1.625
202403 2.245 132.600 2.355
202406 3.558 133.800 3.699
202409 2.748 133.700 2.859
202412 2.034 134.800 2.099
202503 2.895 136.100 2.959
202506 5.167 137.800 5.216
202509 2.871 138.500 2.883
202512 2.622 139.100 2.622
202603 2.318 139.100 2.318

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 €4.37 mean?
Wilh. Wilhelmsen Holding ASA (FRA:WML2) has a E10 of €4.37 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Wilh. Wilhelmsen Holding ASA and its competitors.
Is Wilh. Wilhelmsen Holding ASA's E10 too high?
Wilh. Wilhelmsen Holding ASA's current E10 is €4.37. Overall, Wilh. Wilhelmsen Holding ASA has a GF Score™ of 71/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Wilh. Wilhelmsen Holding ASA's E10 compare to competitors?
Wilh. Wilhelmsen Holding ASA's E10 of €4.37 can be compared against companies in the Transportation 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 Transportation company?
A good E10 depends on the Transportation 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 Wilh. Wilhelmsen Holding ASA and its competitors. Wilh. Wilhelmsen Holding ASA's current E10 is €4.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Wilh. Wilhelmsen Holding ASA stock overvalued right now?
Based on GuruFocus' analysis, Wilh. Wilhelmsen Holding ASA (FRA:WML2) is currently considered Significantly Overvalued. The stock's GF Value™ is €35.36, compared to a current price of €53.40 — trading 51% above its estimated fair value. The current E10 is €4.37. Wilh. Wilhelmsen Holding ASA's overall GF Score™ is 71/100 with 7 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 Wilh. Wilhelmsen Holding ASA (FRA:WML2), the current E10 is €4.37 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 Wilh. Wilhelmsen Holding ASA (FRA:WML2) Overvalued in 2026?

Based on GuruFocus' analysis, Wilh. Wilhelmsen Holding ASA stock appears to be overvalued. The current stock price of €53.40 is trading 51% above its estimated GF Value™ of €35.36. GuruFocus considers Wilh. Wilhelmsen Holding ASA to be Significantly Overvalued.

Key valuation signals for FRA:WML2:

  • E10: €4.37
  • GF Value™: €35.36 vs. price of €53.40 (51% above fair value)
  • GF Score™: 71/100 with 7 warning signs

No single metric tells the full story. See the FRA:WML2 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Wilh. Wilhelmsen Holding ASA Business Description

Address Strandveien 20, Lysaker, NOR, NO-1366
Wilh. Wilhelmsen Holding ASA operates in the maritime industry and offers shipping and logistics services. The operating segments of the group are Maritime Services, New Energy, and Strategic Holdings and Investments. It derives key revenue from the Maritime Services segment which offers marine products, ship agency services and logistics to the merchant fleet and ship management including manning for all vessel types. The group has a business presence in Europe, Oceania, America, and Asia and Africa.
71GF Score

Get the complete analysis for FRA:WML2

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

€53.40
Price
€35.36
GF Value