Brodrene A & O Johansen AS (FRA:XH0) E10: €1.22 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

FRA:XH0 Brodrene A & O Johansen AS FRA:XH0
67 GF Score
Price €12.08
GF Value €13.04
Valuation Fairly Valued
! 4 Warning Signs
View Full Analysis

What is Brodrene A & O Johansen AS E10?

Brodrene A & O Johansen AS FRA:XH0 +0.50% 67 E10 is €1.22 as of Mar. 2026. GuruFocus rates FRA:XH0 with a GF Score™ of 67/100 and a GF Value™ of €13.04 (Fairly Valued). 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.

Brodrene A & O Johansen AS's adjusted earnings per share data for the three months ended in Mar. 2026 was €0.214. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €1.22 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Brodrene A & O Johansen AS's average E10 Growth Rate was 9.30% per year. During the past 3 years, the average E10 Growth Rate was 9.80% per year. During the past 5 years, the average E10 Growth Rate was 17.00% 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 Brodrene A & O Johansen AS was 29.30% per year. The lowest was 9.80% per year. And the median was 24.20% per year.

As of today (2026-07-15), Brodrene A & O Johansen AS's current stock price is €12.08. Brodrene A & O Johansen AS's E10 for the quarter that ended in Mar. 2026 was €1.22. Brodrene A & O Johansen AS's Shiller PE Ratio of today is 9.90.

During the past 13 years, the highest Shiller PE Ratio of Brodrene A & O Johansen AS was 31.95. The lowest was 9.68. And the median was 14.11.


Brodrene A & O Johansen AS  (FRA:XH0) 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.

Brodrene A & O Johansen AS's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=12.08/1.22
=9.90

* 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 Brodrene A & O Johansen AS was 31.95. The lowest was 9.68. And the median was 14.11.


Be Aware

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


Brodrene A & O Johansen AS E10 Related Terms


Brodrene A & O Johansen AS E10 Historical Data

* Premium members only.

The historical data trend for Brodrene A & O Johansen AS'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.

Brodrene A & O Johansen AS E10 Chart

Brodrene A & O Johansen AS 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 0.75 0.81 0.88 1.00

Brodrene A & O Johansen AS 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 0.94 0.96 0.97 1.00 1.22

FRA:XH0 vs GWW, FAST, FERG: E10 Comparison

For the Industrial Distribution subindustry, Brodrene A & O Johansen AS'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.


Brodrene A & O Johansen AS Shiller PE Ratio vs Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, Brodrene A & O Johansen AS's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Brodrene A & O Johansen AS's Shiller PE Ratio falls into.


FRA:XH0
67GF Score
Brodrene A & O Johansen AS FRA:XH0
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Brodrene A & O Johansen AS 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, Brodrene A & O Johansen AS'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)
=0.214/121.6800*121.6800
=0.214

Current CPI (Mar. 2026) = 121.6800.

Brodrene A & O Johansen AS Quarterly Data

per share eps CPI Adj_EPS
201512 0.075 99.800 0.091
201606 0.000 100.600 0.000
201612 0.000 100.300 0.000
201703 0.148 101.200 0.178
201706 0.121 101.200 0.145
201709 0.134 101.800 0.160
201712 0.175 101.300 0.210
201803 0.121 101.700 0.145
201806 0.148 102.300 0.176
201809 0.416 102.400 0.494
201812 0.216 102.100 0.257
201903 0.161 102.900 0.190
201906 0.147 102.900 0.174
201909 0.147 102.900 0.174
201912 0.187 102.900 0.221
202003 0.187 103.300 0.220
202006 0.215 103.200 0.254
202009 0.202 103.500 0.237
202012 0.269 103.400 0.317
202103 0.323 104.300 0.377
202106 0.309 105.000 0.358
202109 0.296 105.800 0.340
202112 0.323 106.600 0.369
202203 0.336 109.900 0.372
202206 0.349 113.600 0.374
202209 0.349 116.400 0.365
202212 0.417 115.900 0.438
202303 0.322 117.300 0.334
202306 0.228 116.400 0.238
202309 0.241 117.400 0.250
202312 0.228 116.700 0.238
202403 0.134 118.400 0.138
202406 0.147 118.500 0.151
202409 0.228 118.900 0.233
202412 0.308 118.900 0.315
202503 0.201 120.200 0.203
202506 0.201 120.700 0.203
202509 0.188 121.600 0.188
202512 0.388 121.200 0.390
202603 0.214 121.680 0.214

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 €1.22 mean?
Brodrene A & O Johansen AS (FRA:XH0) has a E10 of €1.22 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Brodrene A & O Johansen AS and its competitors.
Is Brodrene A & O Johansen AS's E10 too high?
Brodrene A & O Johansen AS's current E10 is €1.22. Overall, Brodrene A & O Johansen AS has a GF Score™ of 67/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Brodrene A & O Johansen AS's E10 compare to GWW and FAST?
Brodrene A & O Johansen AS's E10 of €1.22 can be compared against companies in the Industrial Distribution 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 Industrial Distribution company?
A good E10 depends on the Industrial Distribution 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 Brodrene A & O Johansen AS and its competitors. Brodrene A & O Johansen AS's current E10 is €1.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Brodrene A & O Johansen AS stock overvalued right now?
Based on GuruFocus' analysis, Brodrene A & O Johansen AS (FRA:XH0) is currently considered Fairly Valued. The stock's GF Value™ is €13.04, compared to a current price of €12.08 — trading 7.4% below its estimated fair value. The current E10 is €1.22. Brodrene A & O Johansen AS's overall GF Score™ is 67/100 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 Brodrene A & O Johansen AS (FRA:XH0), the current E10 is €1.22 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 Brodrene A & O Johansen AS (FRA:XH0) Overvalued in 2026?

Based on GuruFocus' analysis, Brodrene A & O Johansen AS stock appears to be undervalued. The current stock price of €12.08 is trading 7.4% below its estimated GF Value™ of €13.04. GuruFocus considers Brodrene A & O Johansen AS to be Fairly Valued.

Key valuation signals for FRA:XH0:

  • E10: €1.22
  • GF Value™: €13.04 vs. price of €12.08 (7.4% below fair value)
  • GF Score™: 67/100 with 4 warning signs

No single metric tells the full story. See the FRA:XH0 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Brodrene A & O Johansen AS Business Description

Address Rorvang 3, Albertslund, DNK, 2620
Brodrene A & O Johansen AS is a wholesaler that serves professional and private customers through an omni-channel business model combining digital solutions with a physical presence. The company offers a broad range of technical installation materials and related products, including workwear, tools and brackets, water supply, drainage and sewage, energy, electrical products and HVAC solutions, supported by services such as digital solutions, project advice and logistics. It operates through two segments: B2B, which earns the majority of revenue and serves professional tradesmen and construction companies, and B2C, which serves private DIY consumers through webshops and showrooms. The Group operates mainly in Denmark.
67GF Score

Get the complete analysis for FRA:XH0

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

€12.08
Price
€13.04
GF Value