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Harboes Bryggeri AS (OCSE:HARB B) E10 : kr4.59 (As of Apr. 2025)


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What is Harboes Bryggeri AS E10?

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.

Harboes Bryggeri AS's adjusted earnings per share data for the three months ended in Apr. 2025 was kr0.089. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is kr4.59 for the trailing ten years ended in Apr. 2025.

During the past 12 months, Harboes Bryggeri AS's average E10 Growth Rate was 47.60% per year. During the past 3 years, the average E10 Growth Rate was -6.00% 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 Harboes Bryggeri AS was -6.00% per year. The lowest was -20.10% per year. And the median was -13.05% per year.

As of today (2025-07-19), Harboes Bryggeri AS's current stock price is kr140.20. Harboes Bryggeri AS's E10 for the quarter that ended in Apr. 2025 was kr4.59. Harboes Bryggeri AS's Shiller PE Ratio of today is 30.54.

During the past 13 years, the highest Shiller PE Ratio of Harboes Bryggeri AS was 77.17. The lowest was 8.48. And the median was 17.90.


Harboes Bryggeri AS E10 Historical Data

The historical data trend for Harboes Bryggeri 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.

* Premium members only.

Harboes Bryggeri AS E10 Chart

Harboes Bryggeri AS Annual Data
Trend Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23 Apr24 Apr25
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.10 5.52 3.91 3.11 4.59

Harboes Bryggeri AS Quarterly Data
Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25
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 3.11 4.30 4.42 4.47 4.59

Competitive Comparison of Harboes Bryggeri AS's E10

For the Beverages - Brewers subindustry, Harboes Bryggeri 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.


Harboes Bryggeri AS's Shiller PE Ratio Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Harboes Bryggeri AS's Shiller PE Ratio distribution charts can be found below:

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


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Harboes Bryggeri 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, Harboes Bryggeri AS's adjusted earnings per share data for the three months ended in Apr. 2025 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Apr. 2025 (Change)*Current CPI (Apr. 2025)
=0.089/120.3000*120.3000
=0.089

Current CPI (Apr. 2025) = 120.3000.

Harboes Bryggeri AS Quarterly Data

per share eps CPI Adj_EPS
201304 -1.990 99.100 -2.416
201307 1.360 98.800 1.656
201310 0.767 99.300 0.929
201401 -0.871 98.900 -1.059
201404 0.730 99.800 0.880
201407 2.400 99.500 2.902
201410 1.212 99.800 1.461
201501 0.440 98.800 0.536
201504 0.820 100.300 0.984
201507 3.460 100.200 4.154
201510 1.069 100.100 1.285
201604 0.000 100.300 0.000
201610 0.000 100.400 0.000
201704 0.000 101.400 0.000
201710 0.000 101.900 0.000
201804 0.000 102.200 0.000
201810 0.000 102.700 0.000
201904 0.000 103.200 0.000
201910 0.000 103.300 0.000
202004 0.000 103.200 0.000
202007 0.660 104.000 0.763
202010 0.870 103.700 1.009
202101 -2.262 103.600 -2.627
202104 1.965 104.700 2.258
202107 2.258 105.700 2.570
202110 0.580 106.800 0.653
202201 -4.226 108.100 -4.703
202204 1.394 111.700 1.501
202207 -0.809 114.900 -0.847
202210 -2.600 117.600 -2.660
202301 0.259 116.400 0.268
202304 2.124 117.600 2.173
202307 4.865 118.500 4.939
202310 2.440 117.700 2.494
202401 2.291 117.800 2.340
202404 3.375 118.500 3.426
202407 5.491 119.800 5.514
202410 3.690 119.600 3.712
202501 1.343 119.600 1.351
202504 0.089 120.300 0.089

Add all the adjusted EPS together and divide 10 will get our e10.


Harboes Bryggeri AS  (OCSE:HARB 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.

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

Shiller PE Ratio=Share Price/E10
=140.20/4.59
=30.54

* 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 Harboes Bryggeri AS was 77.17. The lowest was 8.48. And the median was 17.90.


Be Aware

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


Harboes Bryggeri AS E10 Related Terms

Thank you for viewing the detailed overview of Harboes Bryggeri AS's E10 provided by GuruFocus.com. Please click on the following links to see related term pages.


Harboes Bryggeri AS Business Description

Traded in Other Exchanges
Address
Spegerborgvej 34, Skaelskor, DNK, 4230
Harboes Bryggeri AS is a Denmark-based company which is engaged in the production and sale of alcoholic and non-alcoholic beverages. The product portfolio of the company includes beer, soft drinks, non-alcoholic malt and dark malt, energy drinks, juices, ciders, water, and others. Harboes has its presence in Denmark, Germany, and other countries. The majority of the company's revenue comes from Germany.

Harboes Bryggeri AS Headlines

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