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PhotoCure ASA (OSL:PHO) E10 : kr-0.83 (As of Dec. 2024)


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What is PhotoCure 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.

PhotoCure ASA's adjusted earnings per share data for the three months ended in Dec. 2024 was kr-0.210. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is kr-0.83 for the trailing ten years ended in Dec. 2024.

During the past 3 years, the average E10 Growth Rate was 12.30% per year. During the past 5 years, the average E10 Growth Rate was 2.00% 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 PhotoCure ASA was 12.30% per year. The lowest was -61.70% per year. And the median was -4.10% per year.

As of today (2025-03-14), PhotoCure ASA's current stock price is kr53.40. PhotoCure ASA's E10 for the quarter that ended in Dec. 2024 was kr-0.83. PhotoCure ASA's Shiller PE Ratio of today is .

During the past 13 years, the highest Shiller PE Ratio of PhotoCure ASA was 2965.00. The lowest was 46.33. And the median was 67.15.


PhotoCure ASA E10 Historical Data

The historical data trend for PhotoCure 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.

PhotoCure ASA E10 Chart

PhotoCure 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 -1.10 -1.23 -1.27 -0.95 -0.83

PhotoCure ASA Quarterly Data
Mar20 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 -0.95 -0.90 -0.84 -1.00 -0.83

Competitive Comparison of PhotoCure ASA's E10

For the Drug Manufacturers - Specialty & Generic subindustry, PhotoCure 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.


PhotoCure ASA's Shiller PE Ratio Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, PhotoCure ASA's Shiller PE Ratio distribution charts can be found below:

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



PhotoCure 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, PhotoCure 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)
=-0.21/134.8000*134.8000
=-0.210

Current CPI (Dec. 2024) = 134.8000.

PhotoCure ASA Quarterly Data

per share eps CPI Adj_EPS
201503 -0.510 99.200 -0.693
201506 -0.510 100.100 -0.687
201509 -0.230 100.600 -0.308
201512 -0.440 100.900 -0.588
201603 -0.030 102.500 -0.039
201606 0.840 103.800 1.091
201609 0.003 104.200 0.004
201612 0.830 104.400 1.072
201703 -0.320 105.000 -0.411
201706 -0.220 105.800 -0.280
201709 -0.470 105.900 -0.598
201712 -0.600 106.100 -0.762
201803 -0.140 107.300 -0.176
201806 -0.790 108.500 -0.981
201809 -0.220 109.500 -0.271
201812 -0.550 109.800 -0.675
201903 -0.230 110.400 -0.281
201906 -0.240 110.600 -0.293
201909 -0.030 111.100 -0.036
201912 1.950 111.300 2.362
202003 -0.810 111.200 -0.982
202006 -0.370 112.100 -0.445
202009 -0.230 112.900 -0.275
202012 0.280 112.900 0.334
202103 0.570 114.600 0.670
202106 -0.400 115.300 -0.468
202109 -0.270 117.500 -0.310
202112 -1.050 118.900 -1.190
202203 -0.820 119.800 -0.923
202206 -0.680 122.600 -0.748
202209 -0.370 125.600 -0.397
202212 -0.790 125.900 -0.846
202303 -0.430 127.600 -0.454
202306 0.160 130.400 0.165
202309 -0.180 129.800 -0.187
202312 0.460 131.900 0.470
202403 -0.290 132.600 -0.295
202406 0.450 133.800 0.453
202409 -0.130 133.700 -0.131
202412 -0.210 134.800 -0.210

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


PhotoCure ASA  (OSL:PHO) 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 PhotoCure ASA was 2965.00. The lowest was 46.33. And the median was 67.15.


Be Aware

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


PhotoCure ASA E10 Related Terms

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


PhotoCure ASA Business Description

Traded in Other Exchanges
Address
Hoffsveien 4, Oslo, NOR, 0275
PhotoCure ASA is a Norway-based business group associated with the research, development, production, distribution, marketing, and sales of pharmaceutical products specialty pharmaceutical companies. Its technology platform is focused on the field of photodynamic diagnosis and treatment of cancer. It has two operating segments of the group the Commercial franchise and the Development portfolio. It generates prime revenue from the Commercial franchise segment, which includes Hexvix and Cysview products. Its geographical segments are Nordic countries, Germany, France, Austria, the United Kingdom, BeNeLux, Italy, Other European countries, and the United States.

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