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Per Aarsleff Holding AS (OCSE:PAAL B) E10 : kr25.78 (As of Mar. 2025)


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What is Per Aarsleff Holding 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.

Per Aarsleff Holding AS's adjusted earnings per share data for the three months ended in Mar. 2025 was kr8.840. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is kr25.78 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Per Aarsleff Holding AS's average E10 Growth Rate was 16.40% per year. During the past 3 years, the average E10 Growth Rate was 20.40% per year. During the past 5 years, the average E10 Growth Rate was 20.30% 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 Per Aarsleff Holding AS was 21.60% per year. The lowest was 13.50% per year. And the median was 20.40% per year.

As of today (2025-07-19), Per Aarsleff Holding AS's current stock price is kr690.00. Per Aarsleff Holding AS's E10 for the quarter that ended in Mar. 2025 was kr25.78. Per Aarsleff Holding AS's Shiller PE Ratio of today is 26.76.

During the past 13 years, the highest Shiller PE Ratio of Per Aarsleff Holding AS was 30.58. The lowest was 10.94. And the median was 20.98.


Per Aarsleff Holding AS E10 Historical Data

The historical data trend for Per Aarsleff Holding 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.

Per Aarsleff Holding AS E10 Chart

Per Aarsleff Holding AS Annual Data
Trend Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.52 13.77 17.05 20.70 24.05

Per Aarsleff Holding AS Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 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 22.14 22.86 24.05 24.93 25.78

Competitive Comparison of Per Aarsleff Holding AS's E10

For the Engineering & Construction subindustry, Per Aarsleff Holding 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.


Per Aarsleff Holding AS's Shiller PE Ratio Distribution in the Construction Industry

For the Construction industry and Industrials sector, Per Aarsleff Holding AS's Shiller PE Ratio distribution charts can be found below:

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


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Per Aarsleff Holding 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, Per Aarsleff Holding AS'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)
=8.84/120.2000*120.2000
=8.840

Current CPI (Mar. 2025) = 120.2000.

Per Aarsleff Holding AS Quarterly Data

per share eps CPI Adj_EPS
201506 5.500 100.300 6.591
201509 1.263 100.200 1.515
201512 4.410 99.800 5.311
201603 1.930 100.200 2.315
201606 4.700 100.600 5.616
201609 3.760 100.200 4.510
201612 3.630 100.300 4.350
201703 0.110 101.200 0.131
201706 4.790 101.200 5.689
201709 4.612 101.800 5.446
201712 3.830 101.300 4.545
201803 2.360 101.700 2.789
201806 5.930 102.300 6.968
201809 4.530 102.400 5.317
201812 2.750 102.100 3.238
201903 4.350 102.900 5.081
201906 6.430 102.900 7.511
201909 4.230 102.900 4.941
201912 6.420 102.900 7.499
202003 1.070 103.300 1.245
202006 6.840 103.200 7.967
202009 4.530 103.500 5.261
202012 6.530 103.400 7.591
202103 4.370 104.300 5.036
202106 6.830 105.000 7.819
202109 5.800 105.800 6.589
202112 6.300 106.600 7.104
202203 2.350 109.900 2.570
202206 5.710 113.600 6.042
202209 8.320 116.400 8.592
202212 8.360 115.900 8.670
202303 7.390 117.300 7.573
202306 11.940 116.400 12.330
202309 13.159 117.400 13.473
202312 8.150 116.700 8.394
202403 9.400 118.400 9.543
202406 11.800 118.500 11.969
202409 12.271 118.900 12.405
202412 9.330 118.900 9.432
202503 8.840 120.200 8.840

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


Per Aarsleff Holding AS  (OCSE:PAAL 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.

Per Aarsleff Holding AS's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=690.00/25.78
=26.76

* 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 Per Aarsleff Holding AS was 30.58. The lowest was 10.94. And the median was 20.98.


Be Aware

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


Per Aarsleff Holding AS E10 Related Terms

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


Per Aarsleff Holding AS Business Description

Traded in Other Exchanges
Address
Hasselager Alle 5, Viby J, DNK, 8260
Per Aarsleff Holding AS contracts, plans and implements projects in infrastructure, climate change adaptation, environment, energy, construction, and collaboration. It has Construction, Pipe technologies, Technical Solution, Rail, and Ground engineering segments. Construction segment consists construction, shell structures, building construction and international projects. Pipe technologies segment covers utility companies, housing, industry, export, and manufacturing. Ground engineering segment comprises ground engineering, pile factories, and engineering, Rail segment comprises train station services, service center operations, and maintenance projects. It derives key revenue from the Construction segment. Geographically the group has a business presence in Denmark and other countries.

Per Aarsleff Holding AS Headlines

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