Industrivarden AB (LTS:0MHU) E10: kr45.32 (As of Jun. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

LTS:0MHU Industrivarden AB LTS:0MHU
59 GF Score
Price kr549.90
GF Value kr835.15
Valuation Possible Value Trap
! 4 Warning Signs
View Full Analysis

What is Industrivarden AB E10?

Industrivarden AB LTS:0MHU +1.01% 59 E10 is kr45.32 as of Jun. 2026. GuruFocus rates LTS:0MHU with a GF Score™ of 59/100 and a GF Value™ of kr835.15 (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.

Industrivarden AB's adjusted earnings per share data for the three months ended in Jun. 2026 was kr57.030. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is kr45.32 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Industrivarden AB's average E10 Growth Rate was 51.20% per year. During the past 3 years, the average E10 Growth Rate was 14.80% per year. During the past 5 years, the average E10 Growth Rate was 13.20% 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 Industrivarden AB was 19.10% per year. The lowest was -7.60% per year. And the median was 12.00% per year.

As of today (2026-08-04), Industrivarden AB's current stock price is kr549.90. Industrivarden AB's E10 for the quarter that ended in Jun. 2026 was kr45.32. Industrivarden AB's Shiller PE Ratio of today is 12.13.

During the past 13 years, the highest Shiller PE Ratio of Industrivarden AB was 18.90. The lowest was 7.81. And the median was 11.21.


Industrivarden AB  (LTS:0MHU) 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.

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

Shiller PE Ratio=Share Price/E10
=549.90/45.32
=12.13

* 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 Industrivarden AB was 18.90. The lowest was 7.81. And the median was 11.21.


Be Aware

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


Industrivarden AB E10 Related Terms


Industrivarden AB E10 Historical Data

* Premium members only.

The historical data trend for Industrivarden 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.

Industrivarden AB E10 Chart

Industrivarden AB 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 28.63 25.92 29.72 31.10 38.44

Industrivarden AB Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 31.07 34.57 38.44 40.70 45.32

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

For the Asset Management subindustry, Industrivarden 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.


Industrivarden AB Shiller PE Ratio vs Asset Management Industry

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

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


LTS:0MHU
59GF Score
Industrivarden AB LTS:0MHU
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Industrivarden 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, Industrivarden AB's adjusted earnings per share data for the three months ended in Jun. 2026 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=57.03/134.6100*134.6100
=57.030

Current CPI (Jun. 2026) = 134.6100.

Industrivarden AB Quarterly Data

per share eps CPI Adj_EPS
201609 15.430 101.138 20.537
201612 13.620 102.022 17.971
201703 23.860 102.022 31.482
201706 7.400 102.752 9.694
201709 3.490 103.279 4.549
201712 1.030 103.793 1.336
201803 3.460 103.962 4.480
201806 2.610 104.875 3.350
201809 14.640 105.679 18.648
201812 -39.850 105.912 -50.648
201903 35.110 105.886 44.634
201906 13.990 106.742 17.643
201909 -7.750 107.214 -9.730
201912 27.214 107.766 33.993
202003 -42.590 106.563 -53.800
202006 28.980 107.498 36.289
202009 12.620 107.635 15.783
202012 20.376 108.296 25.327
202103 42.250 108.360 52.485
202106 -1.360 108.928 -1.681
202109 -15.720 110.338 -19.178
202112 36.400 112.486 43.559
202203 -45.880 114.825 -53.785
202206 -16.020 118.384 -18.216
202209 -14.270 122.296 -15.707
202212 43.830 126.365 46.690
202303 27.350 127.042 28.979
202306 3.630 129.407 3.776
202309 -4.880 130.224 -5.044
202312 36.050 131.912 36.787
202403 38.250 132.205 38.946
202406 -17.090 132.716 -17.334
202409 15.520 132.304 15.790
202412 -7.380 132.987 -7.470
202503 17.960 132.825 18.201
202506 4.270 133.699 4.299
202509 17.100 133.480 17.245
202512 42.640 133.390 43.030
202603 28.770 133.560 28.996
202606 57.030 134.610 57.030

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 kr45.32 mean?
Industrivarden AB (LTS:0MHU) has a E10 of kr45.32 as of Jun. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Industrivarden AB and its competitors.
Is Industrivarden AB's E10 too high?
Industrivarden AB's current E10 is kr45.32. Overall, Industrivarden AB has a GF Score™ of 59/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Industrivarden AB's E10 compare to BLK and BX?
Industrivarden AB's E10 of kr45.32 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 Industrivarden AB and its competitors. Industrivarden AB's current E10 is kr45.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Industrivarden AB stock overvalued right now?
Based on GuruFocus' analysis, Industrivarden AB (LTS:0MHU) is currently considered Possible Value Trap. The stock's GF Value™ is kr835.15, compared to a current price of kr549.90 — trading 34.2% below its estimated fair value. The current E10 is kr45.32. Industrivarden AB's overall GF Score™ is 59/100 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 Industrivarden AB (LTS:0MHU), the current E10 is kr45.32 as of Jun. 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 Industrivarden AB (LTS:0MHU) Overvalued in 2026?

Based on GuruFocus' analysis, Industrivarden AB stock appears to be undervalued. The current stock price of kr549.90 is trading 34.2% below its estimated GF Value™ of kr835.15. GuruFocus considers Industrivarden AB to be Possible Value Trap.

Key valuation signals for LTS:0MHU:

  • E10: kr45.32
  • GF Value™: kr835.15 vs. price of kr549.90 (34.2% below fair value)
  • GF Score™: 59/100 with 4 warning signs

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


Industrivarden AB Business Description

Address Storgatan 10, Stockholm, SWE, 114 51
Industrivarden AB is a holding company that invests in and works long-term to develop and create value in its portfolio companies. Active ownership is exercised through sizable ownership stakes in a selection of listed companies with firm market positions, good cash flows, financial strength, and clear development capacity. Its stock offers exposure to a portfolio of companies with validated business models, a wide breadth of underlying business areas, and good value potential.
59GF Score

Get the complete analysis for LTS:0MHU

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

kr549.90
Price
kr835.15
GF Value