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Norwegian Air Shuttle ASA (OSL:NAS) E10 : kr-403.27 (As of Dec. 2024)


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What is Norwegian Air Shuttle ASA 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.

Norwegian Air Shuttle ASA's adjusted earnings per share data for the three months ended in Dec. 2024 was kr-0.270. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is kr-403.27 for the trailing ten years ended in Dec. 2024.

During the past 3 years, the average E10 Growth Rate was -9.70% per year. During the past 5 years, the average E10 Growth Rate was -13.50% 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 Norwegian Air Shuttle ASA was -9.70% per year. The lowest was -46.70% per year. And the median was -16.45% per year.

As of today (2025-03-23), Norwegian Air Shuttle ASA's current stock price is kr11.635. Norwegian Air Shuttle ASA's E10 for the quarter that ended in Dec. 2024 was kr-403.27. Norwegian Air Shuttle ASA's Shiller PE Ratio of today is .

During the past 13 years, the highest Shiller PE Ratio of Norwegian Air Shuttle ASA was 3550.26. The lowest was 48.82. And the median was 325.55.


Norwegian Air Shuttle ASA E10 Historical Data

The historical data trend for Norwegian Air Shuttle 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.

* Premium members only.

Norwegian Air Shuttle ASA E10 Chart

Norwegian Air Shuttle ASA Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only -267.13 -305.50 -353.67 -425.53 -403.27

Norwegian Air Shuttle ASA Quarterly Data
Dec19 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 -425.53 -407.55 -349.17 -361.91 -403.27

Competitive Comparison of Norwegian Air Shuttle ASA's E10

For the Airlines subindustry, Norwegian Air Shuttle 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.


Norwegian Air Shuttle ASA's Shiller PE Ratio Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Norwegian Air Shuttle ASA's Shiller PE Ratio distribution charts can be found below:

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



Norwegian Air Shuttle 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, Norwegian Air Shuttle ASA's adjusted earnings per share data for the three months ended in Dec. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Dec. 2024 (Change)*Current CPI (Dec. 2024)
=-0.27/134.8000*134.8000
=-0.270

Current CPI (Dec. 2024) = 134.8000.

Norwegian Air Shuttle ASA Quarterly Data

per share eps CPI Adj_EPS
201412 -742.468 98.600 -1,015.058
201503 -408.331 99.200 -554.869
201506 242.863 100.100 327.052
201509 621.837 100.600 833.237
201512 -283.163 100.900 -378.299
201603 -597.817 102.500 -786.202
201606 555.116 103.800 720.902
201609 728.590 104.200 942.552
201612 148.120 104.400 191.251
201703 -1,114.841 105.000 -1,431.243
201706 -523.841 105.800 -667.427
201709 813.992 105.900 1,036.130
201712 -538.622 106.100 -684.319
201803 -18.682 107.300 -23.470
201806 170.805 108.500 212.208
201809 753.388 109.500 927.458
201812 -1,925.304 109.800 -2,363.670
201903 -766.076 110.400 -935.390
201906 23.356 110.600 28.466
201909 565.215 111.100 685.787
201912 -688.058 111.300 -833.335
202006 8.330 112.100 10.017
202009 -13.453 112.900 -16.063
202012 -195.400 112.900 -233.303
202103 -29.700 114.600 -34.935
202106 5.700 115.300 6.664
202109 0.100 117.500 0.115
202112 0.121 118.900 0.137
202203 -1.130 119.800 -1.271
202206 1.110 122.600 1.220
202209 0.810 125.600 0.869
202212 -0.160 125.900 -0.171
202303 -1.100 127.600 -1.162
202306 0.480 130.400 0.496
202309 1.810 129.800 1.880
202312 0.130 131.900 0.133
202403 -0.970 132.600 -0.986
202406 0.420 133.800 0.423
202409 1.780 133.700 1.795
202412 -0.270 134.800 -0.270

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


Norwegian Air Shuttle ASA  (OSL:NAS) 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 Norwegian Air Shuttle ASA was 3550.26. The lowest was 48.82. And the median was 325.55.


Be Aware

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


Norwegian Air Shuttle ASA E10 Related Terms

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


Norwegian Air Shuttle ASA Business Description

Traded in Other Exchanges
Address
Oksenoyveien 3, Fornebu, P.O. Box 113, Lysaker, NOR, NO-1366
Norwegian Air Shuttle ASA is an airline that operates short-haul flights across the Nordic countries and to major destinations in Europe. The company has organized its operations into four functional business areas, including Commercial, Marketing & Customer, Operations, and Support Functions. With over three hundred routes in its network, Norwegian Air Shuttle provides passengers with quality flights at affordable fares. The company's focus is on low-cost air travel for passengers, and it believes in offering friendly and helpful service while maintaining operational excellence.

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