Bonheur ASA (OSL:BONHR) E10: kr-1.39 (As of Jun. 2026)

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Director of Data and Quant Analytics at GuruFocus
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OSL:BONHR Bonheur ASA OSL:BONHR
78 GF Score
Price kr228.00
GF Value kr223.85
Valuation Fairly Valued
! 3 Warning Signs
View Full Analysis

What is Bonheur ASA E10?

Bonheur ASA OSL:BONHR +1.56% 78 E10 is kr-1.39 as of Jun. 2026. GuruFocus rates OSL:BONHR with a GF Score™ of 78/100 and a GF Value™ of kr223.85 (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.

Bonheur ASA's adjusted earnings per share data for the three months ended in Jun. 2026 was kr7.100. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is kr-1.39 for the trailing ten years ended in Jun. 2026.

During the past 3 years, the average E10 Growth Rate was 36.60% per year. During the past 5 years, the average E10 Growth Rate was 14.20% 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 Bonheur ASA was 36.60% per year. The lowest was -137.30% per year. And the median was -11.10% per year.

As of today (2026-08-04), Bonheur ASA's current stock price is kr228.00. Bonheur ASA's E10 for the quarter that ended in Jun. 2026 was kr-1.39. Bonheur ASA's Shiller PE Ratio of today is .

During the past 13 years, the highest Shiller PE Ratio of Bonheur ASA was 81.50. The lowest was 14.70. And the median was 25.08.


Bonheur ASA  (OSL:BONHR) 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.

During the past 13 years, the highest Shiller P/E Ratio of Bonheur ASA was 81.50. The lowest was 14.70. And the median was 25.08.


Be Aware

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


Bonheur ASA E10 Related Terms


Bonheur ASA E10 Historical Data

* Premium members only.

The historical data trend for Bonheur ASA'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.

Bonheur ASA E10 Chart

Bonheur ASA 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 -12.43 -13.90 -13.81 -11.91 -3.54

Bonheur ASA 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 -7.15 -6.25 -3.54 -3.69 -1.39

OSL:BONHR vs MMM, HON: E10 Comparison

For the Conglomerates subindustry, Bonheur ASA'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.


Bonheur ASA Shiller PE Ratio vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, Bonheur ASA's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Bonheur ASA's Shiller PE Ratio falls into.


OSL:BONHR
78GF Score
Bonheur ASA OSL:BONHR
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Bonheur ASA 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, Bonheur ASA'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)
=7.1/141.5800*141.5800
=7.100

Current CPI (Jun. 2026) = 141.5800.

Bonheur ASA Quarterly Data

per share eps CPI Adj_EPS
201609 -2.700 104.200 -3.669
201612 0.520 104.400 0.705
201703 -2.500 105.000 -3.371
201706 -7.600 105.800 -10.170
201709 -3.800 105.900 -5.080
201712 -6.320 106.100 -8.433
201803 -9.600 107.300 -12.667
201806 -20.200 108.500 -26.359
201809 -8.200 109.500 -10.602
201812 5.400 109.800 6.963
201903 -4.700 110.400 -6.027
201906 -0.200 110.600 -0.256
201909 1.000 111.100 1.274
201912 -5.100 111.300 -6.487
202003 2.300 111.200 2.928
202006 -13.500 112.100 -17.050
202009 -8.900 112.900 -11.161
202012 -8.100 112.900 -10.158
202103 -3.300 114.600 -4.077
202106 -1.300 115.300 -1.596
202109 -5.400 117.500 -6.507
202112 7.400 118.900 8.812
202203 1.300 119.800 1.536
202206 -0.300 122.600 -0.346
202209 0.900 125.600 1.015
202212 7.400 125.900 8.322
202303 7.700 127.600 8.544
202306 10.300 130.400 11.183
202309 3.300 129.800 3.599
202312 3.100 131.900 3.328
202403 4.000 132.600 4.271
202406 14.000 133.800 14.814
202409 6.400 133.700 6.777
202412 2.400 134.800 2.521
202503 -1.000 136.100 -1.040
202506 20.600 137.800 21.165
202509 10.800 138.500 11.040
202512 3.000 139.100 3.053
202603 2.200 141.030 2.209
202606 7.100 141.580 7.100

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 kr-1.39 mean?
Bonheur ASA (OSL:BONHR) has a E10 of kr-1.39 as of Jun. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Bonheur ASA and its competitors.
Is Bonheur ASA's E10 too high?
Bonheur ASA's current E10 is kr-1.39. Overall, Bonheur ASA has a GF Score™ of 78/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Bonheur ASA's E10 compare to MMM and HON?
Bonheur ASA's E10 of kr-1.39 can be compared against companies in the Conglomerates 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 Conglomerates company?
A good E10 depends on the Conglomerates 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 Bonheur ASA and its competitors. Bonheur ASA's current E10 is kr-1.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bonheur ASA stock overvalued right now?
Based on GuruFocus' analysis, Bonheur ASA (OSL:BONHR) is currently considered Fairly Valued. The stock's GF Value™ is kr223.85, compared to a current price of kr228.00 — trading 1.9% above its estimated fair value. The current E10 is kr-1.39. Bonheur ASA's overall GF Score™ is 78/100 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 Bonheur ASA (OSL:BONHR), the current E10 is kr-1.39 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 Bonheur ASA (OSL:BONHR) Overvalued in 2026?

Based on GuruFocus' analysis, Bonheur ASA stock appears to be overvalued. The current stock price of kr228.00 is trading 1.9% above its estimated GF Value™ of kr223.85. GuruFocus considers Bonheur ASA to be Fairly Valued.

Key valuation signals for OSL:BONHR:

  • E10: kr-1.39
  • GF Value™: kr223.85 vs. price of kr228.00 (1.9% above fair value)
  • GF Score™: 78/100 with 3 warning signs

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


Bonheur ASA Business Description

Address Fred Olsens Gate 2, P.O. Box 1159, Sentrum, Oslo, NOR, 0107
Bonheur ASA was initially a Norwegian shipping company. Currently, the company is engaged in several businesses. The company provides services through four segments: Other Investments, Renewable Energy, Cruise, and Wind Services. The renewable energy segment is involved in developing, constructing, and operating wind farms in Scotland, Norway, Sweden, Ireland, Italy, and the USA. The wind Service segment is engaged in logistics and services within the offshore wind industry. Cruise owns and operates four cruise ships and provides a diverse range of cruises, The other investments segment has investments within media, real estate, bonds, and shares.
78GF Score

Get the complete analysis for OSL:BONHR

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

kr228.00
Price
kr223.85
GF Value