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Holmen AB (Holmen AB) E10 : $0.55 (As of Mar. 2024)


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What is Holmen AB 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.

Holmen AB's adjusted earnings per share data for the three months ended in Mar. 2024 was $0.226. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $0.55 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Holmen AB's average E10 Growth Rate was 10.00% per year. During the past 3 years, the average E10 Growth Rate was 13.10% per year. During the past 5 years, the average E10 Growth Rate was 15.60% 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 Holmen AB was 16.40% per year. The lowest was 10.40% per year. And the median was 13.10% per year.

As of today (2024-06-25), Holmen AB's current stock price is $10.90. Holmen AB's E10 for the quarter that ended in Mar. 2024 was $0.55. Holmen AB's Shiller PE Ratio of today is 19.82.

During the past 13 years, the highest Shiller PE Ratio of Holmen AB was 36.91. The lowest was 16.21. And the median was 23.38.


Holmen AB E10 Historical Data

The historical data trend for Holmen AB'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.

Holmen AB E10 Chart

Holmen AB Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.52 0.39 0.36 0.49 0.56

Holmen AB Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 0.52 0.57 0.54 0.56 0.55

Competitive Comparison of Holmen AB's E10

For the Paper & Paper Products subindustry, Holmen AB'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.


Holmen AB's Shiller PE Ratio Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Holmen AB's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Holmen AB's Shiller PE Ratio falls into.



Holmen AB 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, Holmen AB's adjusted earnings per share data for the three months ended in Mar. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=0.226/132.2054*132.2054
=0.226

Current CPI (Mar. 2024) = 132.2054.

Holmen AB Quarterly Data

per share eps CPI Adj_EPS
201406 0.112 100.432 0.147
201409 0.161 100.161 0.213
201412 -0.003 100.225 -0.004
201503 0.102 99.950 0.135
201506 0.115 99.995 0.152
201509 0.134 100.228 0.177
201512 -0.153 100.276 -0.202
201603 0.078 100.751 0.102
201606 0.129 101.019 0.169
201609 0.138 101.138 0.180
201612 0.141 102.022 0.183
201703 0.163 102.022 0.211
201706 0.138 102.752 0.178
201709 0.169 103.279 0.216
201712 0.113 103.793 0.144
201803 0.182 103.962 0.231
201806 0.256 104.875 0.323
201809 0.151 105.679 0.189
201812 0.177 105.912 0.221
201903 0.161 105.886 0.201
201906 0.143 106.742 0.177
201909 0.129 107.214 0.159
201912 2.359 107.766 2.894
202003 0.152 106.563 0.189
202006 0.134 107.498 0.165
202009 0.198 107.635 0.243
202012 0.185 108.296 0.226
202103 0.246 108.360 0.300
202106 0.256 108.928 0.311
202109 0.272 110.338 0.326
202112 0.292 112.486 0.343
202203 0.481 114.825 0.554
202206 0.503 118.384 0.562
202209 0.417 122.296 0.451
202212 0.376 126.365 0.393
202303 0.406 127.042 0.423
202306 0.255 129.407 0.261
202309 0.253 130.224 0.257
202312 0.166 131.912 0.166
202403 0.226 132.205 0.226

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


Holmen AB  (OTCPK:HLHLY) 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.

Holmen AB's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=10.90/0.55
=19.82

* 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 Holmen AB was 36.91. The lowest was 16.21. And the median was 23.38.


Be Aware

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


Holmen AB E10 Related Terms

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


Holmen AB (Holmen AB) Business Description

Address
Strandvagen 1, P.O. Box 5407, Stockholm, SWE, SE-114 84
Holmen AB produces and sells timber, wood products, a variety of paper products, and electricity generated through renewable energy sources. The company organizes itself into five segments based on product type: Forest, Paperboard, Paper, Wood Products, and Renewable Energy. The company's product portfolio includes logs, biofuel, paperboard for consumer packaging, paper for books, construction timber, and renewable energy from hydro and wind power. The company's customer segment is composed of printing firms, sawmills, pulp mills, paper mills, construction industry, and packaging industry, among others. The vast majority of revenue comes from the company's paper and paperboard segments combined, and it earns majoroty of its revenue in Europe.

Holmen AB (Holmen AB) Headlines

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