Holmen AB (OSTO:HOLM A) E10: kr (As of Jun. 2026)

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OSTO:HOLM A Holmen AB OSTO:HOLM A
79 GF Score
Price kr316.00
GF Value kr391.93
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Holmen AB E10?

Holmen AB OSTO:HOLM A -1.86% 79 E10 is kr as of Jun. 2026. GuruFocus rates OSTO:HOLM A with a GF Score™ of 79/100 and a GF Value™ of kr391.93 (Modestly Undervalued). The stock has 4 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.

Holmen AB's adjusted earnings per share data for the three months ended in Jun. 2026 was kr3.390. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is kr for the trailing ten years ended in Jun. 2026.

During the past 12 months, Holmen AB's average E10 Growth Rate was 6.30% per year. During the past 3 years, the average E10 Growth Rate was 8.60% per year. During the past 5 years, the average E10 Growth Rate was 11.80% 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 Holmen AB was 19.60% per year. The lowest was 8.60% per year. And the median was 14.40% per year.

As of today (2026-09-20), Holmen AB's current stock price is kr316.00. Holmen AB's E10 for the quarter that ended in Jun. 2026 was kr. Holmen AB's Shiller PE Ratio of today is .

During the past 13 years, the highest Shiller PE Ratio of Holmen AB was 36.91. The lowest was 11.99. And the median was 22.58.


Holmen AB  (OSTO:HOLM A) 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 Holmen AB was 36.91. The lowest was 11.99. And the median was 22.58.


Be Aware

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


Holmen AB E10 Related Terms


Holmen AB E10 Historical Data

* Premium members only.

The historical data trend for Holmen 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.

Holmen AB E10 Chart

Holmen AB Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
E10
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Holmen AB Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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OSTO:HOLM A vs SLVM: E10 Comparison

For the Paper & Paper Products subindustry, Holmen 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.


Holmen AB Shiller PE Ratio vs Forest Products Industry

For the Forest Products industry and Basic Materials sector, Holmen AB's Shiller PE Ratio distribution charts can be found below:

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


OSTO:HOLM A
79GF Score
Holmen AB OSTO:HOLM A
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Holmen 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, Holmen AB's adjusted earnings per share data for the three months ended in Jun. 2026 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=3.3902/134.6100*134.6100
=3.390

Current CPI (Jun. 2026) = 134.6100.

Holmen AB Quarterly Data

per share eps CPI Adj_EPS
201609 2.350 101.138 3.128
201612 2.650 102.022 3.496
201703 2.900 102.022 3.826
201706 2.350 102.752 3.079
201709 2.700 103.279 3.519
201712 2.000 103.793 2.594
201803 3.000 103.962 3.884
201806 4.518 104.875 5.799
201809 2.726 105.679 3.473
201812 3.232 105.912 4.108
201903 2.994 105.886 3.806
201906 2.682 106.742 3.382
201909 2.500 107.214 3.139
201912 45.502 107.766 56.837
202003 3.032 106.563 3.830
202006 2.538 107.498 3.178
202009 3.489 107.635 4.364
202012 3.162 108.296 3.930
202103 4.169 108.360 5.178
202106 4.311 108.928 5.327
202109 4.712 110.338 5.749
202112 5.361 112.486 6.415
202203 9.159 114.825 10.737
202206 10.136 118.384 11.525
202209 9.148 122.296 10.069
202212 7.827 126.365 8.338
202303 8.463 127.042 8.967
202306 5.500 129.407 5.721
202309 5.640 130.224 5.830
202312 3.379 131.912 3.448
202403 4.673 132.205 4.758
202406 4.674 132.716 4.741
202409 5.161 132.304 5.251
202412 3.539 132.987 3.582
202503 4.779 132.825 4.843
202506 3.869 133.699 3.895
202509 6.113 133.480 6.164
202512 3.787 133.380 3.822
202603 4.028 133.550 4.060
202606 3.390 134.610 3.390

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 kr mean?
Holmen AB (OSTO:HOLM A) has a E10 of kr as of Jun. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Holmen AB and its competitors.
Is Holmen AB's E10 too high?
Holmen AB's current E10 is kr. Overall, Holmen AB has a GF Score™ of 79/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Holmen AB's E10 compare to SLVM?
Holmen AB's E10 of kr can be compared against companies in the Forest Products 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 Forest Products company?
A good E10 depends on the Forest Products 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 Holmen AB and its competitors. Holmen AB's current E10 is kr. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Holmen AB stock overvalued right now?
Based on GuruFocus' analysis, Holmen AB (OSTO:HOLM A) is currently considered Modestly Undervalued. The stock's GF Value™ is kr391.93, compared to a current price of kr316.00 — trading 19.4% below its estimated fair value. The current E10 is kr. Holmen AB's overall GF Score™ is 79/100 with 4 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 Holmen AB (OSTO:HOLM A), the current E10 is kr as of Jun. 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 Holmen AB (OSTO:HOLM A) Overvalued in 2026?

Based on GuruFocus' analysis, Holmen AB stock appears to be undervalued. The current stock price of kr316.00 is trading 19.4% below its estimated GF Value™ of kr391.93. GuruFocus considers Holmen AB to be Modestly Undervalued.

Key valuation signals for OSTO:HOLM A:

  • E10: kr
  • GF Value™: kr391.93 vs. price of kr316.00 (19.4% below fair value)
  • GF Score™: 79/100 with 4 warning signs

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


Holmen AB Business Description

Address Strandvagen 1, P.O. Box 5407, Stockholm, SWE, SE-114 84
Holmen AB produces and sells timber, wood products, a variety of paper products, and electricity generated through renewable energy sources. The company organizes itself into four segments based on product type: Forest, Board and Paper, Wood Products, and Renewable Energy. The company's product portfolio includes logs, biofuel, paperboard for consumer packaging, paper for books, construction timber, and renewable energy from hydro and wind power. The company's customer segment is composed of printing firms, sawmills, pulp mills, paper mills, the construction industry, and the packaging industry, among others. The vast majority of revenue comes from the company's Board and Paper segment.
79GF Score

Get the complete analysis for OSTO:HOLM A

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

kr316.00
Price
kr391.93
GF Value