DSV AS (OCSE:DSV) E10: kr38.16 (As of Mar. 2026)


OCSE:DSV DSV AS OCSE:DSV
95 GF Score
Price kr1,553.50
GF Value kr1,933.72
Valuation Modestly Undervalued
! 5 Warning Signs
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What is DSV AS E10?

DSV AS OCSE:DSV -2.51% 95 E10 is kr38.16 as of Mar. 2026. GuruFocus rates OCSE:DSV with a GF Score™ of 95/100 and a GF Value™ of kr1,933.72 (Modestly Undervalued). 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.

DSV AS's adjusted earnings per share data for the three months ended in Mar. 2026 was kr6.800. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is kr38.16 for the trailing ten years ended in Mar. 2026.

During the past 12 months, DSV AS's average E10 Growth Rate was 5.30% per year. During the past 3 years, the average E10 Growth Rate was 13.30% per year. During the past 5 years, the average E10 Growth Rate was 24.10% 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 DSV AS was 33.00% per year. The lowest was 13.30% per year. And the median was 23.10% per year.

As of today (2026-06-28), DSV AS's current stock price is kr1553.50. DSV AS's E10 for the quarter that ended in Mar. 2026 was kr38.16. DSV AS's Shiller PE Ratio of today is 40.71.

During the past 13 years, the highest Shiller PE Ratio of DSV AS was 111.13. The lowest was 30.52. And the median was 52.64.


DSV AS  (OCSE:DSV) 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.

DSV AS's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=1553.50/38.16
=40.71

* 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 DSV AS was 111.13. The lowest was 30.52. And the median was 52.64.


Be Aware

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


DSV AS E10 Related Terms


DSV AS E10 Historical Data

* Premium members only.

The historical data trend for DSV AS'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.

DSV AS E10 Chart

DSV AS 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 17.50 25.86 30.70 34.96 37.63

DSV AS 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 36.23 37.00 37.73 37.63 38.16

OCSE:DSV vs FDX, UPS, JBHT: E10 Comparison

For the Integrated Freight & Logistics subindustry, DSV AS'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.


DSV AS Shiller PE Ratio vs Transportation Industry

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

* The bar in red indicates where DSV AS's Shiller PE Ratio falls into.


OCSE:DSV
95GF Score
DSV AS OCSE:DSV
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
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DSV AS 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, DSV AS'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)
=6.8/121.2000*121.2000
=6.800

Current CPI (Mar. 2026) = 121.2000.

DSV AS Quarterly Data

per share eps CPI Adj_EPS
201606 1.750 100.600 2.108
201609 2.940 100.200 3.556
201612 2.950 100.300 3.565
201703 3.600 101.200 4.311
201706 3.900 101.200 4.671
201709 4.300 101.800 5.119
201712 4.000 101.300 4.786
201803 4.100 101.700 4.886
201806 6.400 102.300 7.582
201809 6.000 102.400 7.102
201812 5.100 102.100 6.054
201903 5.280 102.900 6.219
201906 6.300 102.900 7.420
201909 5.500 102.900 6.478
201912 1.200 102.900 1.413
202003 1.400 103.300 1.643
202006 6.000 103.200 7.047
202009 5.800 103.500 6.792
202012 5.200 103.400 6.095
202103 10.200 104.300 11.853
202106 11.100 105.000 12.813
202109 13.400 105.800 15.350
202112 13.400 106.600 15.235
202203 18.400 109.900 20.292
202206 21.600 113.600 23.045
202209 19.200 116.400 19.992
202212 17.000 115.900 17.777
202303 14.900 117.300 15.395
202306 15.500 116.400 16.139
202309 13.000 117.400 13.421
202312 13.700 116.700 14.228
202403 11.300 118.400 11.567
202406 12.900 118.500 13.194
202409 13.600 118.900 13.863
202412 9.200 118.900 9.378
202503 11.900 120.200 11.999
202506 9.900 120.700 9.941
202509 8.700 121.600 8.671
202512 3.800 121.200 3.800
202603 6.800 121.200 6.800

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 kr38.16 mean?
DSV AS (OCSE:DSV) has a E10 of kr38.16 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on DSV AS and its competitors.
Is DSV AS's E10 too high?
DSV AS's current E10 is kr38.16. Overall, DSV AS has a GF Score™ of 95/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does DSV AS's E10 compare to FDX and UPS?
DSV AS's E10 of kr38.16 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 DSV AS and its competitors. DSV AS's current E10 is kr38.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is DSV AS stock overvalued right now?
Based on GuruFocus' analysis, DSV AS (OCSE:DSV) is currently considered Modestly Undervalued. The stock's GF Value™ is kr1,933.72, compared to a current price of kr1,553.50 — trading 19.7% below its estimated fair value. The current E10 is kr38.16. DSV AS's overall GF Score™ is 95/100 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 DSV AS (OCSE:DSV), the current E10 is kr38.16 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 DSV AS (OCSE:DSV) Overvalued in 2026?

Based on GuruFocus' analysis, DSV AS stock appears to be undervalued. The current stock price of kr1,553.50 is trading 19.7% below its estimated GF Value™ of kr1,933.72. GuruFocus considers DSV AS to be Modestly Undervalued.

Key valuation signals for OCSE:DSV:

  • E10: kr38.16
  • GF Value™: kr1,933.72 vs. price of kr1,553.50 (19.7% below fair value)
  • GF Score™: 95/100 with 5 warning signs

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


DSV AS Business Description

Address Hovedgaden 630, Hedehusene, DNK, 2640
DSV is a Danish-listed transport and logistics company, offering transport services worldwide by road, air, and sea, with the bulk of its activities coming from airfreight and sea freight forwarding businesses. Since its founding in 1976, the company has experienced rapid growth, primarily through strategic acquisitions. Its most recent acquisition, DB Schenker, occurred in the second quarter of 2025, making DSV the largest sea freight forwarder.
95GF Score

Get the complete analysis for OCSE:DSV

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

kr1,553.50
Price
kr1,933.72
GF Value