North Media AS (OCSE:NORTHM) E10: kr9.26 (As of Mar. 2026)


OCSE:NORTHM North Media AS OCSE:NORTHM
79 GF Score
Price kr44.00
GF Value kr55.18
Valuation Modestly Undervalued
! 6 Warning Signs
View Full Analysis

What is North Media AS E10?

North Media AS OCSE:NORTHM +0.46% 79 E10 is kr9.26 as of Mar. 2026. GuruFocus rates OCSE:NORTHM with a GF Score™ of 79/100 and a GF Value™ of kr55.18 (Modestly Undervalued). The stock has 6 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.

North Media AS's adjusted earnings per share data for the three months ended in Mar. 2026 was kr-1.700. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is kr9.26 for the trailing ten years ended in Mar. 2026.

During the past 12 months, North Media AS's average E10 Growth Rate was -0.50% per year. During the past 3 years, the average E10 Growth Rate was -3.30% 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 North Media AS was -3.30% per year. The lowest was -3.30% per year. And the median was -3.30% per year.

As of today (2026-06-27), North Media AS's current stock price is kr44.00. North Media AS's E10 for the quarter that ended in Mar. 2026 was kr9.26. North Media AS's Shiller PE Ratio of today is 4.75.

During the past 13 years, the highest Shiller PE Ratio of North Media AS was 7.55. The lowest was 3.44. And the median was 5.08.


North Media AS  (OCSE:NORTHM) 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.

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

Shiller PE Ratio=Share Price/E10
=44.00/9.26
=4.75

* 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 North Media AS was 7.55. The lowest was 3.44. And the median was 5.08.


Be Aware

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


North Media AS E10 Related Terms


North Media AS E10 Historical Data

* Premium members only.

The historical data trend for North Media 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.

North Media AS E10 Chart

North Media 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 0.00 10.80 11.47 10.48 9.78

North Media 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 9.31 9.76 9.91 9.78 9.26

OCSE:NORTHM vs NYT, WLY: E10 Comparison

For the Publishing subindustry, North Media 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.


North Media AS Shiller PE Ratio vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, North Media AS's Shiller PE Ratio distribution charts can be found below:

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


OCSE:NORTHM
79GF Score
North Media AS OCSE:NORTHM
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

North Media 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, North Media 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)
=-1.7/121.2000*121.2000
=-1.700

Current CPI (Mar. 2026) = 121.2000.

North Media AS Quarterly Data

per share eps CPI Adj_EPS
201412 0.000 99.400 0.000
201506 0.000 100.300 0.000
201512 0.000 99.800 0.000
201606 0.000 100.600 0.000
201612 0.000 100.300 0.000
201706 0.000 101.200 0.000
201712 0.000 101.300 0.000
201803 1.600 101.700 1.907
201806 1.000 102.300 1.185
201809 0.400 102.400 0.473
201812 0.000 102.100 0.000
201903 3.500 102.900 4.122
201906 2.400 102.900 2.827
201909 1.000 102.900 1.178
201912 4.000 102.900 4.711
202003 0.700 103.300 0.821
202006 6.900 103.200 8.103
202009 4.900 103.500 5.738
202012 4.800 103.400 5.626
202103 2.900 104.300 3.370
202106 5.300 105.000 6.118
202109 3.000 105.800 3.437
202112 3.600 106.600 4.093
202203 -1.900 109.900 -2.095
202206 -2.600 113.600 -2.774
202209 0.500 116.400 0.521
202212 4.100 115.900 4.287
202303 6.300 117.300 6.509
202306 4.100 116.400 4.269
202309 0.900 117.400 0.929
202312 3.000 116.700 3.116
202403 7.200 118.400 7.370
202406 7.700 118.500 7.875
202409 -3.800 118.900 -3.874
202412 -7.600 118.900 -7.747
202503 -6.300 120.200 -6.352
202506 5.300 120.700 5.322
202509 3.000 121.600 2.990
202512 1.700 121.200 1.700
202603 -1.700 121.200 -1.700

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 kr9.26 mean?
North Media AS (OCSE:NORTHM) has a E10 of kr9.26 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on North Media AS and its competitors.
Is North Media AS's E10 too high?
North Media AS's current E10 is kr9.26. Overall, North Media AS has a GF Score™ of 79/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does North Media AS's E10 compare to NYT and WLY?
North Media AS's E10 of kr9.26 can be compared against companies in the Media - Diversified 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 Media - Diversified company?
A good E10 depends on the Media - Diversified 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 North Media AS and its competitors. North Media AS's current E10 is kr9.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is North Media AS stock overvalued right now?
Based on GuruFocus' analysis, North Media AS (OCSE:NORTHM) is currently considered Modestly Undervalued. The stock's GF Value™ is kr55.18, compared to a current price of kr44.00 — trading 20.3% below its estimated fair value. The current E10 is kr9.26. North Media AS's overall GF Score™ is 79/100 with 6 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 North Media AS (OCSE:NORTHM), the current E10 is kr9.26 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 North Media AS (OCSE:NORTHM) Overvalued in 2026?

Based on GuruFocus' analysis, North Media AS stock appears to be undervalued. The current stock price of kr44.00 is trading 20.3% below its estimated GF Value™ of kr55.18. GuruFocus considers North Media AS to be Modestly Undervalued.

Key valuation signals for OCSE:NORTHM:

  • E10: kr9.26
  • GF Value™: kr55.18 vs. price of kr44.00 (20.3% below fair value)
  • GF Score™: 79/100 with 6 warning signs

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


North Media AS Business Description

Other Exchanges 0MQ0:UK
Address Gladsaxe Mollevej 28, Soborg, DNK, DK-2860
North Media AS develops and operates platforms for transactions. These platforms help consumers find the right products, whether looking for groceries, rental housing or digital access management solutions. The company has two core business areas: Last Mile: FK Distribution and SDR Svensk Direktreklam Svensk Direktreklam are the distributors of leaflets and local newspapers in Denmark and Sweden, respectively. Digital Services includes three businesses: BoligPortal is Denmark's home rentals platform, offering services to both landlords and tenants. (Dayli) MineTilbudis a digital offer platform. Bekey provides digital access solutions for secured stairwells and private homes for the use of home care services and companies delivering parcels, groceries, meal services.
79GF Score

Get the complete analysis for OCSE:NORTHM

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

kr44.00
Price
kr55.18
GF Value