Harboes Bryggeri AS (LTS:0ENE) E10: kr5.55 (As of Apr. 2026)


LTS:0ENE Harboes Bryggeri AS LTS:0ENE
68 GF Score
Price kr111.10
GF Value kr122.56
Valuation Fairly Valued
! 5 Warning Signs
View Full Analysis

What is Harboes Bryggeri AS E10?

Harboes Bryggeri AS LTS:0ENE 68 E10 is kr5.55 as of Apr. 2026. GuruFocus rates LTS:0ENE with a GF Score™ of 68/100 and a GF Value™ of kr122.56 (Fairly Valued). The stock has 5 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.

Harboes Bryggeri AS's adjusted earnings per share data for the three months ended in Apr. 2026 was kr-0.126. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is kr5.55 for the trailing ten years ended in Apr. 2026.

During the past 12 months, Harboes Bryggeri AS's average E10 Growth Rate was 19.00% per year. During the past 3 years, the average E10 Growth Rate was 11.80% per year. During the past 5 years, the average E10 Growth Rate was -3.80% 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 Harboes Bryggeri AS was 11.80% per year. The lowest was -20.10% per year. And the median was -6.00% per year.

As of today (2026-07-05), Harboes Bryggeri AS's current stock price is kr111.10. Harboes Bryggeri AS's E10 for the quarter that ended in Apr. 2026 was kr5.55. Harboes Bryggeri AS's Shiller PE Ratio of today is 20.02.

During the past 13 years, the highest Shiller PE Ratio of Harboes Bryggeri AS was 77.17. The lowest was 8.48. And the median was 19.34.


Harboes Bryggeri AS  (LTS:0ENE) 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.

Harboes Bryggeri AS's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=111.10/5.55
=20.02

* 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 Harboes Bryggeri AS was 77.17. The lowest was 8.48. And the median was 19.34.


Be Aware

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


Harboes Bryggeri AS E10 Related Terms


Harboes Bryggeri AS E10 Historical Data

* Premium members only.

The historical data trend for Harboes Bryggeri 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.

Harboes Bryggeri AS E10 Chart

Harboes Bryggeri AS Annual Data
Trend Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23 Apr24 Apr25 Apr26
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.02 5.97 3.03 4.57 5.55

Harboes Bryggeri AS Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
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 4.57 5.43 5.48 5.32 5.55

LTS:0ENE vs BUD, STZ, TAP: E10 Comparison

For the Beverages - Brewers subindustry, Harboes Bryggeri 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.


Harboes Bryggeri AS Shiller PE Ratio vs Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Harboes Bryggeri AS's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Harboes Bryggeri AS's Shiller PE Ratio falls into.


LTS:0ENE
68GF Score
Harboes Bryggeri AS LTS:0ENE
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Harboes Bryggeri 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, Harboes Bryggeri AS's adjusted earnings per share data for the three months ended in Apr. 2026 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Apr. 2026 (Change)*Current CPI (Apr. 2026)
=-0.126/121.9700*121.9700
=-0.126

Current CPI (Apr. 2026) = 121.9700.

Harboes Bryggeri AS Quarterly Data

per share eps CPI Adj_EPS
201404 0.730 99.800 0.892
201407 2.400 99.500 2.942
201410 1.212 99.800 1.481
201501 0.440 98.800 0.543
201504 0.820 100.300 0.997
201507 3.460 100.200 4.212
201510 1.069 100.100 1.303
201604 0.000 100.300 0.000
201610 0.000 100.400 0.000
201704 0.000 101.400 0.000
201710 0.000 101.900 0.000
201804 0.000 102.200 0.000
201810 0.000 102.700 0.000
201904 0.000 103.200 0.000
201910 0.000 103.300 0.000
202004 0.000 103.200 0.000
202007 0.660 104.000 0.774
202010 0.870 103.700 1.023
202101 -2.262 103.600 -2.663
202104 1.965 104.700 2.289
202107 2.258 105.700 2.606
202110 0.580 106.800 0.662
202201 -4.226 108.100 -4.768
202204 1.394 111.700 1.522
202207 -0.809 114.900 -0.859
202210 -2.600 117.600 -2.697
202301 0.259 116.400 0.271
202304 2.124 117.600 2.203
202307 4.865 118.500 5.007
202310 2.440 117.700 2.529
202401 2.291 117.800 2.372
202404 3.375 118.500 3.474
202407 5.491 119.800 5.590
202410 3.690 119.600 3.763
202501 1.343 119.600 1.370
202504 0.089 120.300 0.090
202507 3.255 122.500 3.241
202510 2.390 122.100 2.387
202601 -0.103 120.510 -0.104
202604 -0.126 121.970 -0.126

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 kr5.55 mean?
Harboes Bryggeri AS (LTS:0ENE) has a E10 of kr5.55 as of Apr. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Harboes Bryggeri AS and its competitors.
Is Harboes Bryggeri AS's E10 too high?
Harboes Bryggeri AS's current E10 is kr5.55. Overall, Harboes Bryggeri AS has a GF Score™ of 68/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Harboes Bryggeri AS's E10 compare to BUD and STZ?
Harboes Bryggeri AS's E10 of kr5.55 can be compared against companies in the Beverages - Alcoholic 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 Beverages - Alcoholic company?
A good E10 depends on the Beverages - Alcoholic 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 Harboes Bryggeri AS and its competitors. Harboes Bryggeri AS's current E10 is kr5.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Harboes Bryggeri AS stock overvalued right now?
Based on GuruFocus' analysis, Harboes Bryggeri AS (LTS:0ENE) is currently considered Fairly Valued. The stock's GF Value™ is kr122.56, compared to a current price of kr111.10 — trading 9.4% below its estimated fair value. The current E10 is kr5.55. Harboes Bryggeri AS's overall GF Score™ is 68/100 with 5 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 Harboes Bryggeri AS (LTS:0ENE), the current E10 is kr5.55 as of Apr. 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 Harboes Bryggeri AS (LTS:0ENE) Overvalued in 2026?

Based on GuruFocus' analysis, Harboes Bryggeri AS stock appears to be undervalued. The current stock price of kr111.10 is trading 9.4% below its estimated GF Value™ of kr122.56. GuruFocus considers Harboes Bryggeri AS to be Fairly Valued.

Key valuation signals for LTS:0ENE:

  • E10: kr5.55
  • GF Value™: kr122.56 vs. price of kr111.10 (9.4% below fair value)
  • GF Score™: 68/100 with 5 warning signs

No single metric tells the full story. See the LTS:0ENE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Harboes Bryggeri AS Business Description

Other Exchanges HARB B:Denmark
Address Spegerborgvej 34, Skaelskor, DNK, 4230
Harboes Bryggeri AS is a Denmark-based company which is engaged in the production and sale of alcoholic and non-alcoholic beverages. The product portfolio of the company includes beer, soft drinks, non-alcoholic malt and dark malt, energy drinks, juices, ciders, water, and others. Harboes has its presence in Denmark, Germany, and other countries. The majority of the company's revenue comes from Germany.
68GF Score

Get the complete analysis for LTS:0ENE

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

kr111.10
Price
kr122.56
GF Value