Aqualis ASA (LTS:0QXF) E10: kr0.18 (As of Mar. 2026)

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Director of Data and Quant Analytics at GuruFocus
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LTS:0QXF Aqualis ASA LTS:0QXF
80 GF Score
Price kr8.80
GF Value kr10.50
Valuation Modestly Undervalued
! 7 Warning Signs
View Full Analysis

What is Aqualis ASA E10?

Aqualis ASA LTS:0QXF +0.69% 80 E10 is kr0.18 as of Mar. 2026. GuruFocus rates LTS:0QXF with a GF Score™ of 80/100 and a GF Value™ of kr10.50 (Modestly Undervalued). The stock has 7 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.

Aqualis ASA's adjusted earnings per share data for the three months ended in Mar. 2026 was kr0.097. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is kr0.18 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Aqualis ASA's average E10 Growth Rate was -34.50% 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.

As of today (2026-08-06), Aqualis ASA's current stock price is kr8.80. Aqualis ASA's E10 for the quarter that ended in Mar. 2026 was kr0.18. Aqualis ASA's Shiller PE Ratio of today is 48.89.

During the past 13 years, the highest Shiller PE Ratio of Aqualis ASA was 61.05. The lowest was 24.12. And the median was 37.20.


Aqualis ASA  (LTS:0QXF) 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.

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

Shiller PE Ratio=Share Price/E10
=8.80/0.18
=48.89

* 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 Aqualis ASA was 61.05. The lowest was 24.12. And the median was 37.20.


Be Aware

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


Aqualis ASA E10 Related Terms


Aqualis ASA E10 Historical Data

* Premium members only.

The historical data trend for Aqualis 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.

Aqualis ASA E10 Chart

Aqualis 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 0.00 0.00 0.00 0.00 0.21

Aqualis 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 0.30 0.25 0.34 0.21 0.18

LTS:0QXF vs CTAS, CPRT, GPN: E10 Comparison

For the Specialty Business Services subindustry, Aqualis 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.


Aqualis ASA Shiller PE Ratio vs Business Services Industry

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

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


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

Aqualis 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, Aqualis 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)
=0.097/140.8000*140.8000
=0.097

Current CPI (Mar. 2026) = 140.8000.

Aqualis ASA Quarterly Data

per share eps CPI Adj_EPS
201506 -0.078 100.100 -0.110
201509 -0.249 100.200 -0.350
201512 -0.348 100.400 -0.488
201603 -0.424 100.400 -0.595
201606 -0.166 101.000 -0.231
201609 -0.082 101.500 -0.114
201612 0.000 102.200 0.000
201703 0.020 102.700 0.027
201706 0.016 103.500 0.022
201709 -0.078 104.300 -0.105
201712 -1.164 105.000 -1.561
201803 -0.078 105.100 -0.104
201806 0.243 105.900 0.323
201809 0.082 106.600 0.108
201812 0.173 107.100 0.227
201906 2.245 107.900 2.930
201912 0.000 108.500 0.000
202006 0.191 108.800 0.247
202012 0.000 109.400 0.000
202103 0.085 109.700 0.109
202106 0.084 111.400 0.106
202109 -0.013 112.400 -0.016
202112 0.106 114.700 0.130
202203 0.265 116.500 0.320
202206 0.195 120.500 0.228
202209 0.206 122.300 0.237
202212 -0.115 125.300 -0.129
202303 -0.010 126.800 -0.011
202306 0.216 129.400 0.235
202309 0.429 130.100 0.464
202312 0.000 130.500 0.000
202403 0.212 131.600 0.227
202406 0.000 133.000 0.000
202409 0.000 133.500 0.000
202412 0.000 135.100 0.000
202503 -0.107 136.100 -0.111
202506 -0.302 138.400 -0.307
202509 0.497 138.900 0.504
202512 -0.707 139.900 -0.712
202603 0.097 140.800 0.097

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 kr0.18 mean?
Aqualis ASA (LTS:0QXF) has a E10 of kr0.18 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Aqualis ASA and its competitors.
Is Aqualis ASA's E10 too high?
Aqualis ASA's current E10 is kr0.18. Overall, Aqualis ASA has a GF Score™ of 80/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Aqualis ASA's E10 compare to CTAS and CPRT?
Aqualis ASA's E10 of kr0.18 can be compared against companies in the Business Services 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 Business Services company?
A good E10 depends on the Business Services 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 Aqualis ASA and its competitors. Aqualis ASA's current E10 is kr0.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aqualis ASA stock overvalued right now?
Based on GuruFocus' analysis, Aqualis ASA (LTS:0QXF) is currently considered Modestly Undervalued. The stock's GF Value™ is kr10.50, compared to a current price of kr8.80 — trading 16.2% below its estimated fair value. The current E10 is kr0.18. Aqualis ASA's overall GF Score™ is 80/100 with 7 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 Aqualis ASA (LTS:0QXF), the current E10 is kr0.18 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 Aqualis ASA (LTS:0QXF) Overvalued in 2026?

Based on GuruFocus' analysis, Aqualis ASA stock appears to be undervalued. The current stock price of kr8.80 is trading 16.2% below its estimated GF Value™ of kr10.50. GuruFocus considers Aqualis ASA to be Modestly Undervalued.

Key valuation signals for LTS:0QXF:

  • E10: kr0.18
  • GF Value™: kr10.50 vs. price of kr8.80 (16.2% below fair value)
  • GF Score™: 80/100 with 7 warning signs

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


Aqualis ASA Business Description

Address 10 Lower Thames Street, 1st Floor, Northern and Shell Building, London, GBR, EC3R 6EN
Aqualis ASA is an independent consultancy providing energy, marine, engineering, and digital solutions to clients in the renewable energy, maritime, and oil and gas sectors. The company operates through four brands: ABL, OWC, Longitude, and AGR, with offices across multiple countries.
80GF Score

Get the complete analysis for LTS:0QXF

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

kr8.80
Price
kr10.50
GF Value