Baltic Sea Properties AS (OSL:BALT) E10: kr3.52 (As of Mar. 2026)


OSL:BALT Baltic Sea Properties AS OSL:BALT
72 GF Score
Price kr47.00
GF Value kr49.28
Valuation Fairly Valued
! 3 Warning Signs
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What is Baltic Sea Properties AS E10?

Baltic Sea Properties AS OSL:BALT -2.08% 72 E10 is kr3.52 as of Mar. 2026. GuruFocus rates OSL:BALT with a GF Score™ of 72/100 and a GF Value™ of kr49.28 (Fairly Valued). The stock has 3 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.

Baltic Sea Properties AS's adjusted earnings per share data for the fiscal year that ended in Dec. 2025 was kr5.300. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is kr3.52 for the trailing ten years ended in Dec. 2025.

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 (2026-07-03), Baltic Sea Properties AS's current stock price is kr 47.00. Baltic Sea Properties AS's E10 for the fiscal year that ended in Dec. 2025 was kr3.52. Baltic Sea Properties AS's Shiller PE Ratio of today is 13.35.

During the past 12 years, the highest Shiller PE Ratio of Baltic Sea Properties AS was 16.76. The lowest was 12.47. And the median was 14.63.


Baltic Sea Properties AS  (OSL:BALT) 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.

Baltic Sea Properties AS's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=47.00/3.52
=13.35

* 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 12 years, the highest Shiller P/E Ratio of Baltic Sea Properties AS was 16.76. The lowest was 12.47. And the median was 14.63.


Be Aware

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


Baltic Sea Properties AS E10 Related Terms


Baltic Sea Properties AS E10 Historical Data

* Premium members only.

The historical data trend for Baltic Sea Properties 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.

Baltic Sea Properties AS E10 Chart

Baltic Sea Properties 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 0.00 2.94 3.61 3.52

Baltic Sea Properties 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 0.00 0.00 0.00 3.52 0.00

OSL:BALT vs CBRE, BEKE, JLL: E10 Comparison

For the Real Estate Services subindustry, Baltic Sea Properties 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.


Baltic Sea Properties AS Shiller PE Ratio vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Baltic Sea Properties AS's Shiller PE Ratio distribution charts can be found below:

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


OSL:BALT
72GF Score
Baltic Sea Properties AS OSL:BALT
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Baltic Sea Properties 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, Baltic Sea Properties AS's adjusted earnings per share data for the fiscal year that ended in Dec. 2025 was:

Adj_EPS=Earnings per Share (Diluted) /CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=5.3/139.1000*139.1000
=5.300

Current CPI (Dec. 2025) = 139.1000.

Baltic Sea Properties AS Annual Data

per_share_eps CPI Adj_EPS
201612 2.246 104.400 2.993
201712 -0.897 106.100 -1.176
201812 -0.108 109.800 -0.137
201912 -6.102 111.300 -7.626
202012 2.213 112.900 2.727
202112 12.236 118.900 14.315
202212 6.980 125.900 7.712
202312 4.300 131.900 4.535
202412 6.400 134.800 6.604
202512 5.300 139.100 5.300

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 kr3.52 mean?
Baltic Sea Properties AS (OSL:BALT) has a E10 of kr3.52 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Baltic Sea Properties AS and its competitors.
Is Baltic Sea Properties AS's E10 too high?
Baltic Sea Properties AS's current E10 is kr3.52. Overall, Baltic Sea Properties AS has a GF Score™ of 72/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Baltic Sea Properties AS's E10 compare to CBRE and BEKE?
Baltic Sea Properties AS's E10 of kr3.52 can be compared against companies in the Real Estate 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 Real Estate company?
A good E10 depends on the Real Estate 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 Baltic Sea Properties AS and its competitors. Baltic Sea Properties AS's current E10 is kr3.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Baltic Sea Properties AS stock overvalued right now?
Based on GuruFocus' analysis, Baltic Sea Properties AS (OSL:BALT) is currently considered Fairly Valued. The stock's GF Value™ is kr49.28, compared to a current price of kr47.00 — trading 4.6% below its estimated fair value. The current E10 is kr3.52. Baltic Sea Properties AS's overall GF Score™ is 72/100 with 3 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 Baltic Sea Properties AS (OSL:BALT), the current E10 is kr3.52 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 Baltic Sea Properties AS (OSL:BALT) Overvalued in 2026?

Based on GuruFocus' analysis, Baltic Sea Properties AS stock appears to be undervalued. The current stock price of kr47.00 is trading 4.6% below its estimated GF Value™ of kr49.28. GuruFocus considers Baltic Sea Properties AS to be Fairly Valued.

Key valuation signals for OSL:BALT:

  • E10: kr3.52
  • GF Value™: kr49.28 vs. price of kr47.00 (4.6% below fair value)
  • GF Score™: 72/100 with 3 warning signs

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


Baltic Sea Properties AS Business Description

Address Tollbugata 8a, Oslo, NOR, 0152
Baltic Sea Properties AS is a Norwegian based open-ended and fully integrated investment company. The company acquires, invests, develops, rents, and realizes commercial real estate properties focusing on logistics, industrial, and retail segments. The company's operations consist of the acquisition, development, and letting of investment properties in Lithuania and some related businesses. It owns, develops, and manages commercial real estate in the Baltics.
72GF Score

Get the complete analysis for OSL:BALT

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

kr47.00
Price
kr49.28
GF Value