North Energy ASA (LTS:0MD9) E10: kr0.07 (As of Mar. 2026)

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LTS:0MD9 North Energy ASA LTS:0MD9
52 GF Score
Price kr2.40
GF Value kr7.98
Valuation Possible Value Trap
! 4 Warning Signs
View Full Analysis

What is North Energy ASA E10?

North Energy ASA LTS:0MD9 52 E10 is kr0.07 as of Mar. 2026. GuruFocus rates LTS:0MD9 with a GF Score™ of 52/100 and a GF Value™ of kr7.98 (Possible Value Trap). 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.

North Energy ASA's adjusted earnings per share data for the three months ended in Mar. 2026 was kr-0.240. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is kr0.07 for the trailing ten years ended in Mar. 2026.

During the past 12 months, North Energy ASA's average E10 Growth Rate was -41.70% 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 North Energy ASA was 53.80% per year. The lowest was 28.40% per year. And the median was 29.00% per year.

As of today (2026-07-17), North Energy ASA's current stock price is kr2.40. North Energy ASA's E10 for the quarter that ended in Mar. 2026 was kr0.07. North Energy ASA's Shiller PE Ratio of today is 34.29.

During the past 13 years, the highest Shiller PE Ratio of North Energy ASA was 93.33. The lowest was 12.30. And the median was 22.75.


North Energy ASA  (LTS:0MD9) 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.

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

Shiller PE Ratio=Share Price/E10
=2.40/0.07
=34.29

* 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 North Energy ASA was 93.33. The lowest was 12.30. And the median was 22.75.


Be Aware

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


North Energy ASA E10 Related Terms


North Energy ASA E10 Historical Data

* Premium members only.

The historical data trend for North Energy 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.

North Energy ASA E10 Chart

North Energy 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 -0.98 -0.65 -0.14 0.08 0.20

North Energy 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 0.12 0.17 0.20 0.20 0.07

LTS:0MD9 vs BLK, BX, KKR: E10 Comparison

For the Asset Management subindustry, North Energy 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.


North Energy ASA Shiller PE Ratio vs Asset Management Industry

For the Asset Management industry and Financial Services sector, North Energy ASA's Shiller PE Ratio distribution charts can be found below:

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


LTS:0MD9
52GF Score
North Energy ASA LTS:0MD9
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

North Energy 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, North Energy 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)
=-0.24/141.0300*141.0300
=-0.240

Current CPI (Mar. 2026) = 141.0300.

North Energy ASA Quarterly Data

per share eps CPI Adj_EPS
201606 0.050 103.800 0.068
201609 -0.130 104.200 -0.176
201612 0.000 104.400 0.000
201703 -0.050 105.000 -0.067
201706 0.250 105.800 0.333
201709 0.030 105.900 0.040
201712 -0.050 106.100 -0.066
201803 -0.170 107.300 -0.223
201806 0.120 108.500 0.156
201809 -0.090 109.500 -0.116
201812 -0.100 109.800 -0.128
201903 -0.020 110.400 -0.026
201906 -0.070 110.600 -0.089
201909 -0.150 111.100 -0.190
201912 0.110 111.300 0.139
202003 -0.450 111.200 -0.571
202006 0.440 112.100 0.554
202009 0.450 112.900 0.562
202012 0.600 112.900 0.749
202103 -0.260 114.600 -0.320
202106 -0.180 115.300 -0.220
202109 0.410 117.500 0.492
202112 -0.210 118.900 -0.249
202203 -0.110 119.800 -0.129
202206 0.200 122.600 0.230
202209 0.010 125.600 0.011
202212 -0.200 125.900 -0.224
202303 0.060 127.600 0.066
202306 0.330 130.400 0.357
202309 -0.010 129.800 -0.011
202312 -0.180 131.900 -0.192
202403 0.110 132.600 0.117
202406 -0.010 133.800 -0.011
202409 0.320 133.700 0.338
202412 0.080 134.800 0.084
202503 -0.080 136.100 -0.083
202506 0.070 137.800 0.072
202509 -0.140 138.500 -0.143
202512 -0.200 139.100 -0.203
202603 -0.240 141.030 -0.240

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 kr0.07 mean?
North Energy ASA (LTS:0MD9) has a E10 of kr0.07 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on North Energy ASA and its competitors.
Is North Energy ASA's E10 too high?
North Energy ASA's current E10 is kr0.07. Overall, North Energy ASA has a GF Score™ of 52/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does North Energy ASA's E10 compare to BLK and BX?
North Energy ASA's E10 of kr0.07 can be compared against companies in the Asset Management 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 Asset Management company?
A good E10 depends on the Asset Management 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 North Energy ASA and its competitors. North Energy ASA's current E10 is kr0.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is North Energy ASA stock overvalued right now?
Based on GuruFocus' analysis, North Energy ASA (LTS:0MD9) is currently considered Possible Value Trap. The stock's GF Value™ is kr7.98, compared to a current price of kr2.40 — trading 69.9% below its estimated fair value. The current E10 is kr0.07. North Energy ASA's overall GF Score™ is 52/100 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 North Energy ASA (LTS:0MD9), the current E10 is kr0.07 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 North Energy ASA (LTS:0MD9) Overvalued in 2026?

Based on GuruFocus' analysis, North Energy ASA stock appears to be undervalued. The current stock price of kr2.40 is trading 69.9% below its estimated GF Value™ of kr7.98. GuruFocus considers North Energy ASA to be Possible Value Trap.

Key valuation signals for LTS:0MD9:

  • E10: kr0.07
  • GF Value™: kr7.98 vs. price of kr2.40 (69.9% below fair value)
  • GF Score™: 52/100 with 4 warning signs

No single metric tells the full story. See the LTS:0MD9 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


North Energy ASA Business Description

Address Tjuvholmen alle 19, Oslo, NOR, 0252
North Energy ASA is an industrial holding company with a portfolio of independent investments, both listed and unlisted. The Group reports only one business segment, the investment activities. The Company evaluates companies both within the traditional energy industry, as well as emerging sectors such as renewable energy production and related activities.
52GF Score

Get the complete analysis for LTS:0MD9

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

kr2.40
Price
kr7.98
GF Value