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Storebrand ASA (OSL:STB) E10 : kr7.31 (As of Mar. 2025)


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What is Storebrand 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.

Storebrand ASA's adjusted earnings per share data for the three months ended in Mar. 2025 was kr2.260. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is kr7.31 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Storebrand ASA's average E10 Growth Rate was 14.00% per year. 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 10.00% 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 Storebrand ASA was 10.90% per year. The lowest was 8.00% per year. And the median was 9.45% per year.

As of today (2025-06-19), Storebrand ASA's current stock price is kr135.90. Storebrand ASA's E10 for the quarter that ended in Mar. 2025 was kr7.31. Storebrand ASA's Shiller PE Ratio of today is 18.59.

During the past 13 years, the highest Shiller PE Ratio of Storebrand ASA was 19.25. The lowest was 8.30. And the median was 15.76.


Storebrand ASA E10 Historical Data

The historical data trend for Storebrand 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.

Storebrand ASA E10 Chart

Storebrand 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 4.64 5.37 5.91 6.33 7.09

Storebrand ASA Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 6.41 6.80 6.94 7.09 7.31

Competitive Comparison of Storebrand ASA's E10

For the Financial Conglomerates subindustry, Storebrand 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.


Storebrand ASA's Shiller PE Ratio Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Storebrand ASA's Shiller PE Ratio distribution charts can be found below:

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


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Storebrand 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, Storebrand ASA's adjusted earnings per share data for the three months ended in Mar. 2025 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=2.26/136.1000*136.1000
=2.260

Current CPI (Mar. 2025) = 136.1000.

Storebrand ASA Quarterly Data

per share eps CPI Adj_EPS
201506 0.570 100.100 0.775
201509 0.130 100.600 0.176
201512 1.380 100.900 1.861
201603 0.670 102.500 0.890
201606 1.570 103.800 2.059
201609 0.980 104.200 1.280
201612 1.501 104.400 1.957
201703 1.030 105.000 1.335
201706 1.660 105.800 2.135
201709 1.550 105.900 1.992
201712 1.013 106.100 1.299
201803 1.550 107.300 1.966
201806 1.250 108.500 1.568
201809 1.120 109.500 1.392
201812 3.967 109.800 4.917
201903 1.050 110.400 1.294
201906 0.960 110.600 1.181
201909 0.980 111.100 1.201
201912 1.435 111.300 1.755
202003 0.560 111.200 0.685
202006 0.960 112.100 1.166
202009 1.630 112.900 1.965
202012 1.860 112.900 2.242
202103 0.940 114.600 1.116
202106 2.510 115.300 2.963
202109 1.280 117.500 1.483
202112 1.946 118.900 2.228
202203 2.250 119.800 2.556
202206 1.000 122.600 1.110
202209 0.760 125.600 0.824
202212 1.030 125.900 1.113
202303 2.250 127.600 2.400
202306 1.750 130.400 1.826
202309 1.250 129.800 1.311
202312 2.060 131.900 2.126
202403 2.010 132.600 2.063
202406 4.860 133.800 4.944
202409 2.530 133.700 2.575
202412 3.070 134.800 3.100
202503 2.260 136.100 2.260

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


Storebrand ASA  (OSL:STB) 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.

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

Shiller PE Ratio=Share Price/E10
=135.90/7.31
=18.59

* 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 Storebrand ASA was 19.25. The lowest was 8.30. And the median was 15.76.


Be Aware

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


Storebrand ASA E10 Related Terms

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


Storebrand ASA Business Description

Traded in Other Exchanges
Address
Professor Kohts vei 9, P.O. Box 500, Lysaker, Oslo, NOR, N-1327
Storebrand ASA is a Nordic long-term savings and insurance company. The business is divided into four segments Savings, Insurance, Guaranteed Pension, and Others. The Savings segment includes products for retirement savings with no interest rate guarantees which defined contribution pensions in Norway and Sweden, asset management, and retail banking products. The Insurance segment provides risk products in Norway and Sweden, it provides health, property and casualty, personal risk products, and others. The Guaranteed Pension business area encompasses long-term pension savings products that give customers a guaranteed rate of return. Other segment consists of other companies within the Storebrand Group, including smaller subsidiaries of Storebrand Livsforsikring and SPP.

Storebrand ASA Headlines