Veidekke ASA (LTS:0GF6) E10: kr10.09 (As of Mar. 2026)


LTS:0GF6 Veidekke ASA LTS:0GF6
80 GF Score
Price kr192.40
GF Value kr151.25
Valuation Modestly Overvalued
! 5 Warning Signs
View Full Analysis

What is Veidekke ASA E10?

Veidekke ASA LTS:0GF6 +1.85% 80 E10 is kr10.09 as of Mar. 2026. GuruFocus rates LTS:0GF6 with a GF Score™ of 80/100 and a GF Value™ of kr151.25 (Modestly Overvalued). 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.

Veidekke ASA's adjusted earnings per share data for the three months ended in Mar. 2026 was kr0.100. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is kr10.09 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Veidekke ASA's average E10 Growth Rate was 7.10% per year. During the past 3 years, the average E10 Growth Rate was 5.90% per year. During the past 5 years, the average E10 Growth Rate was 6.80% 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 Veidekke ASA was 12.80% per year. The lowest was 4.90% per year. And the median was 8.00% per year.

As of today (2026-06-28), Veidekke ASA's current stock price is kr192.40. Veidekke ASA's E10 for the quarter that ended in Mar. 2026 was kr10.09. Veidekke ASA's Shiller PE Ratio of today is 19.07.

During the past 13 years, the highest Shiller PE Ratio of Veidekke ASA was 24.56. The lowest was 9.73. And the median was 15.94.


Veidekke ASA  (LTS:0GF6) 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.

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

Shiller PE Ratio=Share Price/E10
=192.40/10.09
=19.07

* 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 Veidekke ASA was 24.56. The lowest was 9.73. And the median was 15.94.


Be Aware

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


Veidekke ASA E10 Related Terms


Veidekke ASA E10 Historical Data

* Premium members only.

The historical data trend for Veidekke 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.

Veidekke ASA E10 Chart

Veidekke 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 7.67 8.29 9.03 9.38 9.98

Veidekke 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 9.38 9.50 9.77 9.98 10.09

LTS:0GF6 vs PWR, FIX, EME: E10 Comparison

For the Engineering & Construction subindustry, Veidekke 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.


Veidekke ASA Shiller PE Ratio vs Construction Industry

For the Construction industry and Industrials sector, Veidekke ASA's Shiller PE Ratio distribution charts can be found below:

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


LTS:0GF6
80GF Score
Veidekke ASA LTS:0GF6
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Veidekke 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, Veidekke 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)
=0.1/139.1000*139.1000
=0.100

Current CPI (Mar. 2026) = 139.1000.

Veidekke ASA Quarterly Data

per share eps CPI Adj_EPS
201606 2.400 103.800 3.216
201609 3.100 104.200 4.138
201612 1.885 104.400 2.512
201703 -0.045 105.000 -0.060
201706 2.300 105.800 3.024
201709 3.000 105.900 3.941
201712 3.500 106.100 4.589
201803 -0.500 107.300 -0.648
201806 -1.100 108.500 -1.410
201809 3.300 109.500 4.192
201812 2.300 109.800 2.914
201903 0.200 110.400 0.252
201906 3.200 110.600 4.025
201909 2.800 111.100 3.506
201912 0.500 111.300 0.625
202003 -0.700 111.200 -0.876
202006 3.100 112.100 3.847
202009 11.200 112.900 13.799
202012 2.000 112.900 2.464
202103 0.007 114.600 0.008
202106 2.000 115.300 2.413
202109 2.900 117.500 3.433
202112 2.200 118.900 2.574
202203 -0.400 119.800 -0.464
202206 1.900 122.600 2.156
202209 3.000 125.600 3.322
202212 3.600 125.900 3.977
202303 -0.900 127.600 -0.981
202306 2.000 130.400 2.133
202309 3.300 129.800 3.536
202312 3.500 131.900 3.691
202403 0.100 132.600 0.105
202406 2.700 133.800 2.807
202409 3.400 133.700 3.537
202412 3.200 134.800 3.302
202503 -0.200 136.100 -0.204
202506 2.900 137.800 2.927
202509 4.000 138.500 4.017
202512 4.700 139.100 4.700
202603 0.100 139.100 0.100

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 kr10.09 mean?
Veidekke ASA (LTS:0GF6) has a E10 of kr10.09 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Veidekke ASA and its competitors.
Is Veidekke ASA's E10 too high?
Veidekke ASA's current E10 is kr10.09. Overall, Veidekke ASA has a GF Score™ of 80/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Veidekke ASA's E10 compare to PWR and FIX?
Veidekke ASA's E10 of kr10.09 can be compared against companies in the Construction 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 Construction company?
A good E10 depends on the Construction 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 Veidekke ASA and its competitors. Veidekke ASA's current E10 is kr10.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Veidekke ASA stock overvalued right now?
Based on GuruFocus' analysis, Veidekke ASA (LTS:0GF6) is currently considered Modestly Overvalued. The stock's GF Value™ is kr151.25, compared to a current price of kr192.40 — trading 27.2% above its estimated fair value. The current E10 is kr10.09. Veidekke ASA's overall GF Score™ is 80/100 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 Veidekke ASA (LTS:0GF6), the current E10 is kr10.09 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 Veidekke ASA (LTS:0GF6) Overvalued in 2026?

Based on GuruFocus' analysis, Veidekke ASA stock appears to be overvalued. The current stock price of kr192.40 is trading 27.2% above its estimated GF Value™ of kr151.25. GuruFocus considers Veidekke ASA to be Modestly Overvalued.

Key valuation signals for LTS:0GF6:

  • E10: kr10.09
  • GF Value™: kr151.25 vs. price of kr192.40 (27.2% above fair value)
  • GF Score™: 80/100 with 5 warning signs

No single metric tells the full story. See the LTS:0GF6 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Veidekke ASA Business Description

Address Standardveien 28B, Oslo, NOR, 0581
Veidekke ASA is engaged in construction and property development, including building and residential projects, civil engineering contracts, and various infrastructure developments. The Company operates through the following segments: Construction Norway (generating the majority of revenue, including apartment complexes and non-residential buildings); Infrastructure Norway (covering road maintenance, railways, power production, and airports); Construction Sweden (including residential units, offices, schools, and cultural buildings); Infrastructure Sweden (covering infrastructure, extractive industries, heavy industry, energy, and recycling/landfill facilities); Denmark (commercial buildings); and Other operations..
80GF Score

Get the complete analysis for LTS:0GF6

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

kr192.40
Price
kr151.25
GF Value