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Afry AB (OSTO:AFRY) E10 : kr10.45 (As of Mar. 2024)


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What is Afry AB 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.

Afry AB's adjusted earnings per share data for the three months ended in Mar. 2024 was kr3.130. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is kr10.45 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Afry AB's average E10 Growth Rate was 5.00% per year. During the past 3 years, the average E10 Growth Rate was 11.40% per year. During the past 5 years, the average E10 Growth Rate was 8.00% 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 Afry AB was 11.40% per year. The lowest was 1.90% per year. And the median was 5.40% per year.

As of today (2024-06-08), Afry AB's current stock price is kr185.10. Afry AB's E10 for the quarter that ended in Mar. 2024 was kr10.45. Afry AB's Shiller PE Ratio of today is 17.71.

During the past 13 years, the highest Shiller PE Ratio of Afry AB was 38.32. The lowest was 10.39. And the median was 23.89.


Afry AB E10 Historical Data

The historical data trend for Afry AB'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.

Afry AB E10 Chart

Afry AB Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.64 7.47 8.32 9.69 10.33

Afry AB Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 9.95 10.16 10.23 10.33 10.45

Competitive Comparison of Afry AB's E10

For the Engineering & Construction subindustry, Afry AB'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.


Afry AB's Shiller PE Ratio Distribution in the Construction Industry

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

* The bar in red indicates where Afry AB's Shiller PE Ratio falls into.



Afry AB 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, Afry AB's adjusted earnings per share data for the three months ended in Mar. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=3.13/132.2054*132.2054
=3.130

Current CPI (Mar. 2024) = 132.2054.

Afry AB Quarterly Data

per share eps CPI Adj_EPS
201406 1.745 100.432 2.297
201409 0.908 100.161 1.198
201412 1.932 100.225 2.548
201503 1.709 99.950 2.261
201506 2.226 99.995 2.943
201509 0.739 100.228 0.975
201512 2.137 100.276 2.817
201603 1.815 100.751 2.382
201606 2.384 101.019 3.120
201609 1.415 101.138 1.850
201612 2.484 102.022 3.219
201703 2.315 102.022 3.000
201706 2.208 102.752 2.841
201709 0.997 103.279 1.276
201712 2.840 103.793 3.617
201803 2.880 103.962 3.662
201806 3.270 104.875 4.122
201809 1.830 105.679 2.289
201812 2.780 105.912 3.470
201903 2.280 105.886 2.847
201906 2.550 106.742 3.158
201909 1.644 107.214 2.027
201912 1.570 107.766 1.926
202003 2.470 106.563 3.064
202006 1.880 107.498 2.312
202009 1.290 107.635 1.584
202012 2.645 108.296 3.229
202103 2.560 108.360 3.123
202106 2.570 108.928 3.119
202109 2.180 110.338 2.612
202112 2.660 112.486 3.126
202203 1.970 114.825 2.268
202206 1.530 118.384 1.709
202209 1.590 122.296 1.719
202212 3.520 126.365 3.683
202303 3.850 127.042 4.006
202306 1.770 129.407 1.808
202309 1.320 130.224 1.340
202312 2.770 131.912 2.776
202403 3.130 132.205 3.130

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


Afry AB  (OSTO:AFRY) 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.

Afry AB's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=185.10/10.45
=17.71

* 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 Afry AB was 38.32. The lowest was 10.39. And the median was 23.89.


Be Aware

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


Afry AB E10 Related Terms

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


Afry AB (OSTO:AFRY) Business Description

Traded in Other Exchanges
Address
Frosundaleden 2, Solna, Stockholm, SWE, SE-169 99
Afry AB is an engineering and consulting firm with projects in energy, industrial, and infrastructure markets. It develops solutions for public and private clients and has the capabilities to serve all regions of the world. The business divisions are Industrial & Digital Solutions, infrastructure, Process Industries, Energy, and Management Consulting. It constructs plants and provides market analysis for power generation, manufacturing facilities, and refining chemicals. Infrastructure projects provide sustainable and technological solutions for railways, roads, and other transportation networks. Sales are concentrated in Europe, and the company strengthens customer relationships by providing customized services.

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