SJF Bank AS (OCSE:SJF) E10: kr23.36 (As of Jun. 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:SJF SJF Bank AS OCSE:SJF
53 GF Score
Price kr481.50
GF Value kr285.04
Valuation Significantly Overvalued
! 9 Warning Signs
View Full Analysis

What is SJF Bank AS E10?

SJF Bank AS OCSE:SJF +1.26% 53 E10 is kr23.36 as of Jun. 2026. GuruFocus rates OCSE:SJF with a GF Score™ of 53/100 and a GF Value™ of kr285.04 (Significantly Overvalued). The stock has 9 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.

SJF Bank AS's adjusted earnings per share data for the three months ended in Jun. 2026 was kr8.172. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is kr23.36 for the trailing ten years ended in Jun. 2026.

During the past 12 months, SJF Bank AS's average E10 Growth Rate was 11.80% 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.

As of today (2026-09-17), SJF Bank AS's current stock price is kr481.50. SJF Bank AS's E10 for the quarter that ended in Jun. 2026 was kr23.36. SJF Bank AS's Shiller PE Ratio of today is 20.62.

During the past 13 years, the highest Shiller PE Ratio of SJF Bank AS was 20.26. The lowest was 10.55. And the median was 14.32.


SJF Bank AS  (OCSE:SJF) 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.

SJF Bank AS's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=481.50/23.355
=20.62

* 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 SJF Bank AS was 20.26. The lowest was 10.55. And the median was 14.32.


Be Aware

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


SJF Bank AS E10 Related Terms


SJF Bank AS E10 Historical Data

* Premium members only.

The historical data trend for SJF Bank 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.

SJF Bank AS E10 Chart

SJF Bank 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 13.48 15.33 16.99 18.91 21.89

SJF Bank AS Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 21.70 22.22 21.83 22.57 23.36

SJF Bank AS E10 Competitor Comparison

For the Banks - Regional subindustry, SJF Bank 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.


SJF Bank AS Shiller PE Ratio vs Banks Industry

For the Banks industry and Financial Services sector, SJF Bank AS's Shiller PE Ratio distribution charts can be found below:

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


OCSE:SJF
53GF Score
SJF Bank AS OCSE:SJF
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

SJF Bank 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, SJF Bank AS's adjusted earnings per share data for the three months ended in Jun. 2026 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=8.172/122.9500*122.9500
=8.172

Current CPI (Jun. 2026) = 122.9500.

SJF Bank AS Quarterly Data

per share eps CPI Adj_EPS
201609 3.277 100.200 4.021
201612 1.589 100.300 1.948
201703 4.667 101.200 5.671
201706 3.674 101.200 4.464
201709 4.171 101.800 5.037
201712 2.880 101.300 3.495
201803 4.965 101.700 6.003
201806 1.300 102.300 1.562
201809 2.193 102.400 2.633
201812 1.397 102.100 1.682
201903 3.758 102.900 4.490
201906 2.800 102.900 3.346
201909 2.191 102.900 2.618
201912 2.912 102.900 3.479
202003 2.173 103.300 2.586
202006 2.017 103.200 2.403
202009 4.486 103.500 5.329
202012 3.130 103.400 3.722
202103 7.980 104.300 9.407
202106 5.992 105.000 7.017
202109 5.368 105.800 6.238
202112 4.980 106.600 5.744
202203 4.416 109.900 4.941
202206 4.714 113.600 5.102
202209 5.772 116.400 6.097
202212 5.060 115.900 5.368
202303 7.053 117.300 7.393
202306 7.118 116.400 7.518
202309 7.567 117.400 7.925
202312 7.636 116.700 8.045
202403 9.718 118.400 10.091
202406 7.367 118.500 7.643
202409 9.278 118.900 9.594
202412 7.054 118.900 7.294
202503 10.345 120.200 10.582
202506 8.000 120.700 8.149
202509 9.000 121.600 9.100
202512 6.607 121.180 6.703
202603 10.828 121.670 10.942
202606 8.172 122.950 8.172

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 kr23.36 mean?
SJF Bank AS (OCSE:SJF) has a E10 of kr23.36 as of Jun. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on SJF Bank AS and its competitors.
Is SJF Bank AS's E10 too high?
SJF Bank AS's current E10 is kr23.36. Overall, SJF Bank AS has a GF Score™ of 53/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does SJF Bank AS's E10 compare to competitors?
SJF Bank AS's E10 of kr23.36 can be compared against companies in the Banks 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 Banks company?
A good E10 depends on the Banks 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 SJF Bank AS and its competitors. SJF Bank AS's current E10 is kr23.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SJF Bank AS stock overvalued right now?
Based on GuruFocus' analysis, SJF Bank AS (OCSE:SJF) is currently considered Significantly Overvalued. The stock's GF Value™ is kr285.04, compared to a current price of kr481.50 — trading 68.9% above its estimated fair value. The current E10 is kr23.36. SJF Bank AS's overall GF Score™ is 53/100 with 9 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 SJF Bank AS (OCSE:SJF), the current E10 is kr23.36 as of Jun. 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 SJF Bank AS (OCSE:SJF) Overvalued in 2026?

Based on GuruFocus' analysis, SJF Bank AS stock appears to be overvalued. The current stock price of kr481.50 is trading 68.9% above its estimated GF Value™ of kr285.04. GuruFocus considers SJF Bank AS to be Significantly Overvalued.

Key valuation signals for OCSE:SJF:

  • E10: kr23.36
  • GF Value™: kr285.04 vs. price of kr481.50 (68.9% above fair value)
  • GF Score™: 53/100 with 9 warning signs

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


SJF Bank AS Business Description

Other Exchanges 0RD0:UK4AC:Germany
Address Isefjords Alle 5, Holbaek, DNK, 4300
SJF Bank A/S provides banking products and services in Denmark. Its products and services include net banking, commercial insurance, mobile banking, rental of commercial lease, financing, insurance and pension.
53GF Score

Get the complete analysis for OCSE:SJF

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

kr481.50
Price
kr285.04
GF Value