Flugger Group AS (OCSE:FLUG B) E10: kr18.01 (As of Apr. 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.

OCSE:FLUG B Flugger Group AS OCSE:FLUG B
78 GF Score
Price kr430.00
GF Value kr356.69
Valuation Modestly Overvalued
! 4 Warning Signs
View Full Analysis

What is Flugger Group AS E10?

Flugger Group AS OCSE:FLUG B -1.15% 78 E10 is kr18.01 as of Apr. 2026. GuruFocus rates OCSE:FLUG B with a GF Score™ of 78/100 and a GF Value™ of kr356.69 (Modestly 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.

Flugger Group AS's adjusted earnings per share data for the fiscal year that ended in Apr. 2026 was kr21.100. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is kr18.01 for the trailing ten years ended in Apr. 2026.

During the past 12 months, Flugger Group AS's average E10 Growth Rate was 10.90% per year. During the past 3 years, the average E10 Growth Rate was -1.10% per year. During the past 5 years, the average E10 Growth Rate was -2.80% 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 Flugger Group AS was 6.70% per year. The lowest was -6.90% per year. And the median was -1.10% per year.

As of today (2026-07-30), Flugger Group AS's current stock price is kr 430.00. Flugger Group AS's E10 for the fiscal year that ended in Apr. 2026 was kr18.01. Flugger Group AS's Shiller PE Ratio of today is 23.88.

During the past 13 years, the highest Shiller PE Ratio of Flugger Group AS was 51.21. The lowest was 15.24. And the median was 20.27.


Flugger Group AS  (OCSE:FLUG B) 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.

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

Shiller PE Ratio=Share Price/E10
=430.00/18.01
=23.88

* 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 Flugger Group AS was 51.21. The lowest was 15.24. And the median was 20.27.


Be Aware

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


Flugger Group AS E10 Related Terms


Flugger Group AS E10 Historical Data

* Premium members only.

The historical data trend for Flugger Group 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.

Flugger Group AS E10 Chart

Flugger Group AS Annual Data
Trend Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23 Apr24 Apr25 Apr26
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 19.73 18.64 16.28 16.24 18.01

Flugger Group AS Semi-Annual Data
Oct16 Apr17 Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23 Apr24 Oct24 Apr25 Oct25 Apr26
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 16.28 0.00 16.24 0.00 18.01

OCSE:FLUG B vs LIN, SHW, ECL: E10 Comparison

For the Specialty Chemicals subindustry, Flugger Group 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.


Flugger Group AS Shiller PE Ratio vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Flugger Group AS's Shiller PE Ratio distribution charts can be found below:

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


OCSE:FLUG B
78GF Score
Flugger Group AS OCSE:FLUG B
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Flugger Group 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, Flugger Group AS's adjusted earnings per share data for the fiscal year that ended in Apr. 2026 was:

Adj_EPS=Earnings per Share (Diluted) /CPI of Apr. 2026 (Change)*Current CPI (Apr. 2026)
=21.1/121.9700*121.9700
=21.100

Current CPI (Apr. 2026) = 121.9700.

Flugger Group AS Annual Data

per_share_eps CPI Adj_EPS
201704 10.000 101.400 12.029
201804 11.600 102.200 13.844
201904 11.200 103.200 13.237
202004 20.000 103.200 23.638
202104 59.100 104.700 68.848
202204 2.500 111.700 2.730
202304 -1.300 117.600 -1.348
202404 6.200 118.500 6.382
202504 19.400 120.300 19.669
202604 21.100 121.970 21.100

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 kr18.01 mean?
Flugger Group AS (OCSE:FLUG B) has a E10 of kr18.01 as of Apr. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Flugger Group AS and its competitors.
Is Flugger Group AS's E10 too high?
Flugger Group AS's current E10 is kr18.01. Overall, Flugger Group AS has a GF Score™ of 78/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Flugger Group AS's E10 compare to LIN and SHW?
Flugger Group AS's E10 of kr18.01 can be compared against companies in the Chemicals 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 Chemicals company?
A good E10 depends on the Chemicals 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 Flugger Group AS and its competitors. Flugger Group AS's current E10 is kr18.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Flugger Group AS stock overvalued right now?
Based on GuruFocus' analysis, Flugger Group AS (OCSE:FLUG B) is currently considered Modestly Overvalued. The stock's GF Value™ is kr356.69, compared to a current price of kr430.00 — trading 20.6% above its estimated fair value. The current E10 is kr18.01. Flugger Group AS's overall GF Score™ is 78/100 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 Flugger Group AS (OCSE:FLUG B), the current E10 is kr18.01 as of Apr. 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 Flugger Group AS (OCSE:FLUG B) Overvalued in 2026?

Based on GuruFocus' analysis, Flugger Group AS stock appears to be overvalued. The current stock price of kr430.00 is trading 20.6% above its estimated GF Value™ of kr356.69. GuruFocus considers Flugger Group AS to be Modestly Overvalued.

Key valuation signals for OCSE:FLUG B:

  • E10: kr18.01
  • GF Value™: kr356.69 vs. price of kr430.00 (20.6% above fair value)
  • GF Score™: 78/100 with 4 warning signs

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


Flugger Group AS Business Description

Address Islevdalvej 151, Rodovre, DNK, 2610
Flugger Group AS develops, produces, markets, and sells a wide range of building paints, wood stains, fillers, wallpapers, and accessories.
78GF Score

Get the complete analysis for OCSE:FLUG B

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

kr430.00
Price
kr356.69
GF Value