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Solar AS (OCSE:SOLAR B) E10 : kr31.77 (As of Sep. 2024)


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What is Solar 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.

Solar AS's adjusted earnings per share data for the three months ended in Sep. 2024 was kr10.650. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is kr31.77 for the trailing ten years ended in Sep. 2024.

During the past 12 months, Solar AS's average E10 Growth Rate was 6.30% per year. During the past 3 years, the average E10 Growth Rate was 44.20% per year. During the past 5 years, the average E10 Growth Rate was 29.50% 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 Solar AS was 44.20% per year. The lowest was 18.90% per year. And the median was 38.70% per year.

As of today (2024-12-12), Solar AS's current stock price is kr304.50. Solar AS's E10 for the quarter that ended in Sep. 2024 was kr31.77. Solar AS's Shiller PE Ratio of today is 9.58.

During the past 13 years, the highest Shiller PE Ratio of Solar AS was 52.79. The lowest was 9.18. And the median was 27.57.


Solar AS E10 Historical Data

The historical data trend for Solar 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.

Solar AS E10 Chart

Solar AS Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.40 9.90 16.26 25.09 29.68

Solar AS Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 29.89 29.68 30.21 31.13 31.77

Competitive Comparison of Solar AS's E10

For the Electronics & Computer Distribution subindustry, Solar 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.


Solar AS's Shiller PE Ratio Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Solar AS's Shiller PE Ratio distribution charts can be found below:

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



Solar 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, Solar AS's adjusted earnings per share data for the three months ended in Sep. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Sep. 2024 (Change)*Current CPI (Sep. 2024)
=10.65/118.9000*118.9000
=10.650

Current CPI (Sep. 2024) = 118.9000.

Solar AS Quarterly Data

per share eps CPI Adj_EPS
201412 -28.390 99.400 -33.959
201503 7.890 100.200 9.362
201506 2.930 100.300 3.473
201509 6.100 100.200 7.238
201512 4.310 99.800 5.135
201603 2.710 100.200 3.216
201606 3.500 100.600 4.137
201609 3.840 100.200 4.557
201612 6.460 100.300 7.658
201703 16.830 101.200 19.774
201706 -1.640 101.200 -1.927
201709 5.750 101.800 6.716
201712 -18.360 101.300 -21.550
201803 11.080 101.700 12.954
201806 -0.960 102.300 -1.116
201809 6.700 102.400 7.780
201812 1.370 102.100 1.595
201903 -2.740 102.900 -3.166
201906 6.820 102.900 7.880
201909 -3.180 102.900 -3.674
201912 7.920 102.900 9.151
202003 4.110 103.300 4.731
202006 19.310 103.200 22.248
202009 11.360 103.500 13.050
202012 -4.400 103.400 -5.060
202103 13.680 104.300 15.595
202106 20.220 105.000 22.897
202109 16.930 105.800 19.026
202112 21.680 106.600 24.182
202203 22.950 109.900 24.829
202206 20.070 113.600 21.006
202209 24.030 116.400 24.546
202212 23.040 115.900 23.636
202303 19.810 117.300 20.080
202306 10.520 116.400 10.746
202309 9.690 117.400 9.814
202312 7.340 116.700 7.478
202403 -0.680 118.400 -0.683
202406 3.690 118.500 3.702
202409 10.650 118.900 10.650

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


Solar AS  (OCSE:SOLAR 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.

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

Shiller PE Ratio=Share Price/E10
=304.50/31.77
=9.58

* 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 Solar AS was 52.79. The lowest was 9.18. And the median was 27.57.


Be Aware

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


Solar AS E10 Related Terms

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


Solar AS Business Description

Traded in Other Exchanges
Address
Industrivej Vest 43, Vejen, DNK, 6600
Solar AS is an sourcing and services company mainly within electrical, heating & plumbing and climate & energy solutions. Its core business centres on product sourcing, value-adding services and optimisation of customer's businesses. It has three business segment; Installation, Industry and Trade. Installation covers installation of electrical, and heating and plumbing products, while industry covers industry, offshore and marine, and utility and infrastructure, trade covers other small areas. Key revenue is generated from Installation segment.

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