Nordic Semiconductor ASA (OSL:NOD) E10: kr1.42 (As of Mar. 2026)


OSL:NOD Nordic Semiconductor ASA OSL:NOD
87 GF Score
Price kr177.70
GF Value kr146.08
Valuation Modestly Overvalued
! 5 Warning Signs
View Full Analysis

What is Nordic Semiconductor ASA E10?

Nordic Semiconductor ASA OSL:NOD -0.89% 87 E10 is kr1.42 as of Mar. 2026. GuruFocus rates OSL:NOD with a GF Score™ of 87/100 and a GF Value™ of kr146.08 (Modestly Overvalued). The stock has 5 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.

Nordic Semiconductor ASA's adjusted earnings per share data for the three months ended in Mar. 2026 was kr0.512. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is kr1.42 for the trailing ten years ended in Mar. 2026.

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 Nordic Semiconductor ASA was 1.50% per year. The lowest was -5.10% per year. And the median was -3.90% per year.

As of today (2026-06-28), Nordic Semiconductor ASA's current stock price is kr177.70. Nordic Semiconductor ASA's E10 for the quarter that ended in Mar. 2026 was kr1.42. Nordic Semiconductor ASA's Shiller PE Ratio of today is 125.14.

During the past 13 years, the highest Shiller PE Ratio of Nordic Semiconductor ASA was 146.20. The lowest was 94.60. And the median was 110.99.


Nordic Semiconductor ASA  (OSL:NOD) 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.

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

Shiller PE Ratio=Share Price/E10
=177.70/1.42
=125.14

* 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 Nordic Semiconductor ASA was 146.20. The lowest was 94.60. And the median was 110.99.


Be Aware

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


Nordic Semiconductor ASA E10 Related Terms


Nordic Semiconductor ASA E10 Historical Data

* Premium members only.

The historical data trend for Nordic Semiconductor 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.

Nordic Semiconductor ASA E10 Chart

Nordic Semiconductor 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 -110.59 -116.57 -122.13 -125.11 1.37

Nordic Semiconductor ASA 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 -126.34 -127.91 -128.61 1.37 1.42

OSL:NOD vs NVDA, AVGO, MU: E10 Comparison

For the Semiconductors subindustry, Nordic Semiconductor 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.


Nordic Semiconductor ASA Shiller PE Ratio vs Semiconductors Industry

For the Semiconductors industry and Technology sector, Nordic Semiconductor ASA's Shiller PE Ratio distribution charts can be found below:

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


OSL:NOD
87GF Score
Nordic Semiconductor ASA OSL:NOD
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nordic Semiconductor 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, Nordic Semiconductor ASA's adjusted earnings per share data for the three months ended in Mar. 2026 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=0.512/139.1000*139.1000
=0.512

Current CPI (Mar. 2026) = 139.1000.

Nordic Semiconductor ASA Quarterly Data

per share eps CPI Adj_EPS
201606 0.208 103.800 0.279
201609 0.131 104.200 0.175
201612 0.043 104.400 0.057
201703 -0.017 105.000 -0.023
201706 0.203 105.800 0.267
201709 0.172 105.900 0.226
201712 -0.033 106.100 -0.043
201803 -0.001 107.300 -0.001
201806 0.195 108.500 0.250
201809 0.330 109.500 0.419
201812 -0.147 109.800 -0.186
201903 -0.327 110.400 -0.412
201906 0.190 110.600 0.239
201909 0.297 111.100 0.372
201912 0.208 111.300 0.260
202003 -0.082 111.200 -0.103
202006 0.305 112.100 0.378
202009 0.733 112.900 0.903
202012 0.766 112.900 0.944
202103 0.596 114.600 0.723
202106 0.750 115.300 0.905
202109 0.606 117.500 0.717
202112 1.239 118.900 1.449
202203 1.546 119.800 1.795
202206 1.667 122.600 1.891
202209 1.287 125.600 1.425
202212 1.561 125.900 1.725
202303 0.169 127.600 0.184
202306 0.885 130.400 0.944
202309 0.064 129.800 0.069
202312 -0.686 131.900 -0.723
202403 -1.422 132.600 -1.492
202406 -0.828 133.800 -0.861
202409 0.340 133.700 0.354
202412 -0.224 134.800 -0.231
202503 0.064 136.100 0.065
202506 0.523 137.800 0.528
202509 0.040 138.500 0.040
202512 0.212 139.100 0.212
202603 0.512 139.100 0.512

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 kr1.42 mean?
Nordic Semiconductor ASA (OSL:NOD) has a E10 of kr1.42 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Nordic Semiconductor ASA and its competitors.
Is Nordic Semiconductor ASA's E10 too high?
Nordic Semiconductor ASA's current E10 is kr1.42. Overall, Nordic Semiconductor ASA has a GF Score™ of 87/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nordic Semiconductor ASA's E10 compare to NVDA and AVGO?
Nordic Semiconductor ASA's E10 of kr1.42 can be compared against companies in the Semiconductors 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 Semiconductors company?
A good E10 depends on the Semiconductors 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 Nordic Semiconductor ASA and its competitors. Nordic Semiconductor ASA's current E10 is kr1.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nordic Semiconductor ASA stock overvalued right now?
Based on GuruFocus' analysis, Nordic Semiconductor ASA (OSL:NOD) is currently considered Modestly Overvalued. The stock's GF Value™ is kr146.08, compared to a current price of kr177.70 — trading 21.6% above its estimated fair value. The current E10 is kr1.42. Nordic Semiconductor ASA's overall GF Score™ is 87/100 with 5 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 Nordic Semiconductor ASA (OSL:NOD), the current E10 is kr1.42 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 Nordic Semiconductor ASA (OSL:NOD) Overvalued in 2026?

Based on GuruFocus' analysis, Nordic Semiconductor ASA stock appears to be overvalued. The current stock price of kr177.70 is trading 21.6% above its estimated GF Value™ of kr146.08. GuruFocus considers Nordic Semiconductor ASA to be Modestly Overvalued.

Key valuation signals for OSL:NOD:

  • E10: kr1.42
  • GF Value™: kr146.08 vs. price of kr177.70 (21.6% above fair value)
  • GF Score™: 87/100 with 5 warning signs

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


Nordic Semiconductor ASA Business Description

Address Otto Nielsens veg 12, Trondheim, NOR, 7052
Nordic Semiconductor designs Bluetooth Low Energy chips for the wireless industry, making 90% of its revenue from this technology. Nordic's chips are used in all types of battery-powered devices such as wearables, smarthome applications, asset trackers, and industrial and healthcare markets. In recent years Nordic has also expanded into adjacent technologies such as Wi-Fi, Thread protocol and long-range connectivity.
87GF Score

Get the complete analysis for OSL:NOD

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

kr177.70
Price
kr146.08
GF Value