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Novonesis (Novozymes) B (OCSE:NSIS B) E10 : kr12.23 (As of Mar. 2025)


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What is Novonesis (Novozymes) B 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.

Novonesis (Novozymes) B's adjusted earnings per share data for the three months ended in Mar. 2025 was kr2.983. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is kr12.23 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Novonesis (Novozymes) B's average E10 Growth Rate was 1.70% per year. During the past 3 years, the average E10 Growth Rate was 6.70% per year. During the past 5 years, the average E10 Growth Rate was 7.80% 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 Novonesis (Novozymes) B was 9.70% per year. The lowest was 6.70% per year. And the median was 7.90% per year.

As of today (2025-07-14), Novonesis (Novozymes) B's current stock price is kr453.70. Novonesis (Novozymes) B's E10 for the quarter that ended in Mar. 2025 was kr12.23. Novonesis (Novozymes) B's Shiller PE Ratio of today is 37.10.

During the past 13 years, the highest Shiller PE Ratio of Novonesis (Novozymes) B was 55.27. The lowest was 24.11. And the median was 39.19.


Novonesis (Novozymes) B E10 Historical Data

The historical data trend for Novonesis (Novozymes) B'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.

Novonesis (Novozymes) B E10 Chart

Novonesis (Novozymes) B Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.11 9.89 11.34 12.03 12.03

Novonesis (Novozymes) B Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Dec24 Mar25
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 12.03 12.01 11.84 12.03 12.23

Competitive Comparison of Novonesis (Novozymes) B's E10

For the Specialty Chemicals subindustry, Novonesis (Novozymes) B'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.


Novonesis (Novozymes) B's Shiller PE Ratio Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Novonesis (Novozymes) B's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Novonesis (Novozymes) B's Shiller PE Ratio falls into.


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Novonesis (Novozymes) B 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, Novonesis (Novozymes) B's adjusted earnings per share data for the three months ended in Mar. 2025 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=2.983/120.2000*120.2000
=2.983

Current CPI (Mar. 2025) = 120.2000.

Novonesis (Novozymes) B Quarterly Data

per share eps CPI Adj_EPS
201503 2.268 100.200 2.721
201506 2.199 100.300 2.635
201509 2.409 100.200 2.890
201512 2.246 99.800 2.705
201603 2.432 100.200 2.917
201606 2.460 100.600 2.939
201609 2.479 100.200 2.974
201612 2.704 100.300 3.240
201703 2.580 101.200 3.064
201706 2.471 101.200 2.935
201709 2.770 101.800 3.271
201712 2.651 101.300 3.146
201803 2.726 101.700 3.222
201806 2.649 102.300 3.113
201809 2.757 102.400 3.236
201812 2.879 102.100 3.389
201903 2.407 102.900 2.812
201906 3.123 102.900 3.648
201909 2.230 102.900 2.605
201912 3.244 102.900 3.789
202003 2.883 103.300 3.355
202006 2.280 103.200 2.656
202009 2.527 103.500 2.935
202012 2.334 103.400 2.713
202103 3.150 104.300 3.630
202106 2.830 105.000 3.240
202109 3.011 105.800 3.421
202112 2.237 106.600 2.522
202203 2.980 109.900 3.259
202206 2.901 113.600 3.070
202209 4.143 116.400 4.278
202212 3.156 115.900 3.273
202303 2.818 117.300 2.888
202306 2.179 116.400 2.250
202309 3.363 117.400 3.443
202312 5.888 116.700 6.065
202403 0.597 118.400 0.606
202406 0.448 118.500 0.454
202412 3.953 118.900 3.996
202503 2.983 120.200 2.983

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


Novonesis (Novozymes) B  (OCSE:NSIS 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.

Novonesis (Novozymes) B's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=453.70/12.23
=37.10

* 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 Novonesis (Novozymes) B was 55.27. The lowest was 24.11. And the median was 39.19.


Be Aware

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


Novonesis (Novozymes) B E10 Related Terms

Thank you for viewing the detailed overview of Novonesis (Novozymes) B's E10 provided by GuruFocus.com. Please click on the following links to see related term pages.


Novonesis (Novozymes) B Business Description

Address
Krogshoejvej 36, Bagsvaerd, DNK, 2880
Novonesis was formed in 2024 through the merger of Novozymes and Chr. Hansen. Following the merger, the company became the world leader in industrial enzymes and microbial solutions, with a nearly 50% market share in both. The firm supplies a wide range of industry groups: household care, food and beverages, bioenergy, agriculture and feed, technical and pharmaceuticals. Its biological solutions create value for its customers by improving yield efficiency and performance, while saving energy and generating less waste. The company is headquartered in Denmark, employs around 10,000 people, and works across more than 30 research and development and application centers and 23 manufacturing sites.

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