NNRRF (NRC Group ASA) E10: $-0.14 (As of Mar. 2026)


NNRRF NRC Group ASA NNRRF
44 GF Score
Price $0.84
GF Value $0.40
Valuation Significantly Overvalued
! 4 Warning Signs
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What is NRC Group ASA E10?

NRC Group ASA NNRRF +18.55% 44 E10 is $-0.14 as of Mar. 2026. GuruFocus rates NNRRF with a GF Score™ of 44/100 and a GF Value™ of $0.40 (Significantly Overvalued). 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.

NRC Group ASA's adjusted earnings per share data for the three months ended in Mar. 2026 was $-0.021. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $-0.14 for the trailing ten years ended in Mar. 2026.

During the past 3 years, the average E10 Growth Rate was 52.40% 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 NRC Group ASA was 88.60% per year. The lowest was 38.40% per year. And the median was 73.30% per year.

As of today (2026-07-02), NRC Group ASA's current stock price is $0.8386. NRC Group ASA's E10 for the quarter that ended in Mar. 2026 was $-0.14. NRC Group ASA's Shiller PE Ratio of today is .

During the past 13 years, the highest Shiller PE Ratio of NRC Group ASA was 197.39. The lowest was 75.31. And the median was 83.76.


NRC Group ASA  (OTCPK:NNRRF) 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.

During the past 13 years, the highest Shiller P/E Ratio of NRC Group ASA was 197.39. The lowest was 75.31. And the median was 83.76.


Be Aware

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


NRC Group ASA E10 Related Terms


NRC Group ASA E10 Historical Data

* Premium members only.

The historical data trend for NRC Group 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.

NRC Group ASA E10 Chart

NRC Group 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 -56.40 -6.74 0.08 -0.07 -0.11

NRC Group 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 -0.06 -0.05 -0.14 -0.11 -0.14

NNRRF vs UNP, CSX, NSC: E10 Comparison

For the Railroads subindustry, NRC Group 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.


NRC Group ASA Shiller PE Ratio vs Transportation Industry

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

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


NNRRF
44GF Score
NRC Group ASA NNRRF
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

NRC Group 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, NRC Group 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)
=-0.021/139.1000*139.1000
=-0.021

Current CPI (Mar. 2026) = 139.1000.

NRC Group ASA Quarterly Data

per share eps CPI Adj_EPS
201606 0.027 103.800 0.036
201609 0.148 104.200 0.198
201612 0.032 104.400 0.043
201703 -0.040 105.000 -0.053
201706 0.039 105.800 0.051
201709 0.180 105.900 0.236
201712 0.227 106.100 0.298
201803 -0.048 107.300 -0.062
201806 0.097 108.500 0.124
201809 0.081 109.500 0.103
201812 -0.126 109.800 -0.160
201903 -0.237 110.400 -0.299
201906 0.021 110.600 0.026
201909 0.089 111.100 0.111
201912 -0.038 111.300 -0.047
202003 -0.109 111.200 -0.136
202006 -0.009 112.100 -0.011
202009 0.052 112.900 0.064
202012 -0.023 112.900 -0.028
202103 -0.106 114.600 -0.129
202106 -0.003 115.300 -0.004
202109 0.081 117.500 0.096
202112 -0.011 118.900 -0.013
202203 -0.065 119.800 -0.075
202206 0.039 122.600 0.044
202209 0.053 125.600 0.059
202212 -0.477 125.900 -0.527
202303 -0.049 127.600 -0.053
202306 0.041 130.400 0.044
202309 0.062 129.800 0.066
202312 -0.008 131.900 -0.008
202403 -0.120 132.600 -0.126
202406 -1.016 133.800 -1.056
202409 -0.012 133.700 -0.012
202412 -0.062 134.800 -0.064
202503 -0.022 136.100 -0.022
202506 0.018 137.800 0.018
202509 0.017 138.500 0.017
202512 0.002 139.100 0.002
202603 -0.021 139.100 -0.021

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 $-0.14 mean?
NRC Group ASA (NNRRF) has a E10 of $-0.14 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on NRC Group ASA and its competitors.
Is NRC Group ASA's E10 too high?
NRC Group ASA's current E10 is $-0.14. Overall, NRC Group ASA has a GF Score™ of 44/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does NRC Group ASA's E10 compare to UNP and CSX?
NRC Group ASA's E10 of $-0.14 can be compared against companies in the Transportation 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 Transportation company?
A good E10 depends on the Transportation 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 NRC Group ASA and its competitors. NRC Group ASA's current E10 is $-0.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NRC Group ASA stock overvalued right now?
Based on GuruFocus' analysis, NRC Group ASA (NNRRF) is currently considered Significantly Overvalued. The stock's GF Value™ is $0.40, compared to a current price of $0.84 — trading 109.7% above its estimated fair value. The current E10 is $-0.14. NRC Group ASA's overall GF Score™ is 44/100 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 NRC Group ASA (NNRRF), the current E10 is $-0.14 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 NRC Group ASA (NNRRF) Overvalued in 2026?

Based on GuruFocus' analysis, NRC Group ASA stock appears to be overvalued. The current stock price of $0.84 is trading 109.7% above its estimated GF Value™ of $0.40. GuruFocus considers NRC Group ASA to be Significantly Overvalued.

Key valuation signals for NNRRF:

  • E10: $-0.14
  • GF Value™: $0.40 vs. price of $0.84 (109.7% above fair value)
  • GF Score™: 44/100 with 4 warning signs

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


NRC Group ASA Business Description

Address Lysaker Torg 25, Lysaker, NOR, 1366
NRC Group ASA is a contractor of rail infrastructure. It particularly focused on railway construction and maintenance, but is also a supplier of other civil infrastructure. Its services include Ground work, Concrete work, signaling systems, Electro, Catenary systems, Tracks, station terminals, Demolition, Mass transportation, and Renewable Energy Services. It has three operating segments based on its geography: Norway, Sweden, and Finland. Norway consist two operating divisions: Rail construction and civil construction; Sweden consist three operating divisions: Rail construction, Rail maintenance, and Civil construction; and Finland consist four operating divisions: Rail construction, including Light rail, Rail maintenance, Civil construction, and Materials.
44GF Score

Get the complete analysis for NNRRF

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

$0.84
Price
$0.40
GF Value