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Orkla ASA (LTS:0FIN) E10 : kr5.17 (As of Dec. 2024)


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What is Orkla 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.

Orkla ASA's adjusted earnings per share data for the three months ended in Dec. 2024 was kr1.360. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is kr5.17 for the trailing ten years ended in Dec. 2024.

During the past 12 months, Orkla ASA's average E10 Growth Rate was 10.50% per year. During the past 3 years, the average E10 Growth Rate was 13.40% per year. During the past 5 years, the average E10 Growth Rate was 18.20% 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 Orkla ASA was 22.00% per year. The lowest was 13.40% per year. And the median was 18.40% per year.

As of today (2025-03-24), Orkla ASA's current stock price is kr109.75. Orkla ASA's E10 for the quarter that ended in Dec. 2024 was kr5.17. Orkla ASA's Shiller PE Ratio of today is 21.23.

During the past 13 years, the highest Shiller PE Ratio of Orkla ASA was 42.34. The lowest was 15.04. And the median was 24.06.


Orkla ASA E10 Historical Data

The historical data trend for Orkla 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.

Orkla ASA E10 Chart

Orkla 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 2.83 3.52 4.05 4.65 5.17

Orkla ASA Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 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 4.65 4.75 4.90 4.96 5.17

Competitive Comparison of Orkla ASA's E10

For the Packaged Foods subindustry, Orkla 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.


Orkla ASA's Shiller PE Ratio Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Orkla ASA's Shiller PE Ratio distribution charts can be found below:

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



Orkla 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, Orkla 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)
=1.36/134.8000*134.8000
=1.360

Current CPI (Dec. 2024) = 134.8000.

Orkla ASA Quarterly Data

per share eps CPI Adj_EPS
201503 0.620 99.200 0.843
201506 1.090 100.100 1.468
201509 0.800 100.600 1.072
201512 0.740 100.900 0.989
201603 1.080 102.500 1.420
201606 1.000 103.800 1.299
201609 1.050 104.200 1.358
201612 1.100 104.400 1.420
201703 1.080 105.000 1.387
201706 1.010 105.800 1.287
201709 0.980 105.900 1.247
201712 1.000 106.100 1.270
201803 0.680 107.300 0.854
201806 0.820 108.500 1.019
201809 1.010 109.500 1.243
201812 0.740 109.800 0.908
201903 0.740 110.400 0.904
201906 0.900 110.600 1.097
201909 0.920 111.100 1.116
201912 1.280 111.300 1.550
202003 0.920 111.200 1.115
202006 0.950 112.100 1.142
202009 1.360 112.900 1.624
202012 1.140 112.900 1.361
202103 1.150 114.600 1.353
202106 1.040 115.300 1.216
202109 1.310 117.500 1.503
202112 1.320 118.900 1.497
202203 1.090 119.800 1.226
202206 1.280 122.600 1.407
202209 1.500 125.600 1.610
202212 1.160 125.900 1.242
202303 1.280 127.600 1.352
202306 1.380 130.400 1.427
202309 1.560 129.800 1.620
202312 1.000 131.900 1.022
202403 1.470 132.600 1.494
202406 2.040 133.800 2.055
202409 1.180 133.700 1.190
202412 1.360 134.800 1.360

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


Orkla ASA  (LTS:0FIN) 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.

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

Shiller PE Ratio=Share Price/E10
=109.75/5.17
=21.23

* 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 Orkla ASA was 42.34. The lowest was 15.04. And the median was 24.06.


Be Aware

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


Orkla ASA E10 Related Terms

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


Orkla ASA Business Description

Address
Drammensveien 149, Oslo, NOR, NO-0277
Orkla ASA is a branded consumer goods company, originally from Norway. Its segments include Orkla Foods Europe, Orkla Food Ingredients, Orkla Confectionery & Snacks, Orkla Health, Orkla India, Orkla Home & Personal Care, The European Pizza, Orkla House Care, Health and Sports Nutrition Group, Pierre Robert Group, and Lilleborg. It generates the majority of its revenue from Norway.

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