Multiconsult ASA (OSL:MULTI) E10: kr9.52 (As of Jun. 2026)

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OSL:MULTI Multiconsult ASA OSL:MULTI
92 GF Score
Price kr147.00
GF Value kr172.64
Valuation Modestly Undervalued
! 3 Warning Signs
View Full Analysis

What is Multiconsult ASA E10?

Multiconsult ASA OSL:MULTI +1.10% 92 E10 is kr9.52 as of Jun. 2026. GuruFocus rates OSL:MULTI with a GF Score™ of 92/100 and a GF Value™ of kr172.64 (Modestly Undervalued). 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.

Multiconsult ASA's adjusted earnings per share data for the three months ended in Jun. 2026 was kr3.232. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is kr9.52 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Multiconsult ASA's average E10 Growth Rate was 3.60% 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 (2026-09-18), Multiconsult ASA's current stock price is kr147.00. Multiconsult ASA's E10 for the quarter that ended in Jun. 2026 was kr9.52. Multiconsult ASA's Shiller PE Ratio of today is 15.44.

During the past 13 years, the highest Shiller PE Ratio of Multiconsult ASA was 23.60. The lowest was 15.21. And the median was 18.87.


Multiconsult ASA  (OSL:MULTI) 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.

Multiconsult ASA's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=147.00/9.519
=15.44

* 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 Multiconsult ASA was 23.60. The lowest was 15.21. And the median was 18.87.


Be Aware

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


Multiconsult ASA E10 Related Terms


Multiconsult ASA E10 Historical Data

* Premium members only.

The historical data trend for Multiconsult 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.

Multiconsult ASA E10 Chart

Multiconsult 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 20.75 21.89 15.44 8.61 9.02

Multiconsult 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 9.20 9.13 9.15 9.49 9.52

OSL:MULTI vs PWR, FIX, EME: E10 Comparison

For the Engineering & Construction subindustry, Multiconsult 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.


Multiconsult ASA Shiller PE Ratio vs Construction Industry

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

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


OSL:MULTI
92GF Score
Multiconsult ASA OSL:MULTI
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Multiconsult 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, Multiconsult 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)
=3.2319/141.6200*141.6200
=3.232

Current CPI (Jun. 2026) = 141.6200.

Multiconsult ASA Quarterly Data

per share eps CPI Adj_EPS
201609 0.930 104.200 1.264
201612 3.450 104.400 4.680
201703 2.750 105.000 3.709
201706 0.420 105.800 0.562
201709 0.295 105.900 0.394
201712 -0.420 106.100 -0.561
201803 0.940 107.300 1.241
201806 1.370 108.500 1.788
201809 -0.019 109.500 -0.025
201812 0.066 109.800 0.085
201903 2.186 110.400 2.804
201906 -0.809 110.600 -1.036
201909 0.287 111.100 0.366
201912 -0.363 111.300 -0.461
202003 3.124 111.200 3.978
202006 2.442 112.100 3.085
202009 1.355 112.900 1.700
202012 2.335 112.900 2.928
202103 2.472 114.600 3.055
202106 2.900 115.300 3.562
202109 1.010 117.500 1.218
202112 2.292 118.900 2.730
202203 4.440 119.800 5.248
202206 2.109 122.600 2.436
202209 1.749 125.600 1.972
202212 2.767 125.900 3.112
202303 5.762 127.600 6.395
202306 1.300 130.400 1.412
202309 0.399 129.800 0.435
202312 4.101 131.900 4.403
202403 3.517 132.600 3.756
202406 5.364 133.800 5.678
202409 2.948 133.700 3.122
202412 3.275 134.800 3.441
202503 4.858 136.100 5.055
202506 1.447 137.800 1.487
202509 1.414 138.500 1.446
202512 1.483 139.140 1.510
202603 3.992 141.060 4.008
202606 3.232 141.620 3.232

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 kr9.52 mean?
Multiconsult ASA (OSL:MULTI) has a E10 of kr9.52 as of Jun. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Multiconsult ASA and its competitors.
Is Multiconsult ASA's E10 too high?
Multiconsult ASA's current E10 is kr9.52. Overall, Multiconsult ASA has a GF Score™ of 92/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Multiconsult ASA's E10 compare to PWR and FIX?
Multiconsult ASA's E10 of kr9.52 can be compared against companies in the Construction 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 Construction company?
A good E10 depends on the Construction 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 Multiconsult ASA and its competitors. Multiconsult ASA's current E10 is kr9.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Multiconsult ASA stock overvalued right now?
Based on GuruFocus' analysis, Multiconsult ASA (OSL:MULTI) is currently considered Modestly Undervalued. The stock's GF Value™ is kr172.64, compared to a current price of kr147.00 — trading 14.9% below its estimated fair value. The current E10 is kr9.52. Multiconsult ASA's overall GF Score™ is 92/100 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 Multiconsult ASA (OSL:MULTI), the current E10 is kr9.52 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 Multiconsult ASA (OSL:MULTI) Overvalued in 2026?

Based on GuruFocus' analysis, Multiconsult ASA stock appears to be undervalued. The current stock price of kr147.00 is trading 14.9% below its estimated GF Value™ of kr172.64. GuruFocus considers Multiconsult ASA to be Modestly Undervalued.

Key valuation signals for OSL:MULTI:

  • E10: kr9.52
  • GF Value™: kr172.64 vs. price of kr147.00 (14.9% below fair value)
  • GF Score™: 92/100 with 3 warning signs

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


Multiconsult ASA Business Description

Address Nedre Skoyen vei 2, Oslo, NOR, 0276
Multiconsult ASA is a specialist in engineering design, consultancy, and architecture services, providing multidisciplinary consultancy, design, planning, project supervision, project management, geotechnical site surveys, verification, and controls in Norway and abroad, with engineering services in Norway, Sweden, and Poland, and architecture services in Scandinavian countries. The group operates through three segments: Norway, which contributes maximum revenue and provides consulting engineering services; Architecture, comprising LINK Arkitektur and A-lab; and International, comprising Multiconsult Polska and Iterio. Its operations cover four business areas: Building & Properties, Mobility & Transportation, Energy & Industry, and Water & Environment.
92GF Score

Get the complete analysis for OSL:MULTI

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

kr147.00
Price
kr172.64
GF Value