Morrow Bank AB (OSTO:MORROW) E10: kr0.93 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

OSTO:MORROW Morrow Bank AB OSTO:MORROW
57 GF Score
Price kr12.50
GF Value kr7.43
Valuation Significantly Overvalued
! 2 Warning Signs
View Full Analysis

What is Morrow Bank AB E10?

Morrow Bank AB OSTO:MORROW 57 E10 is kr0.93 as of Mar. 2026. GuruFocus rates OSTO:MORROW with a GF Score™ of 57/100 and a GF Value™ of kr7.43 (Significantly Overvalued). The stock has 2 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.

Morrow Bank AB's adjusted earnings per share data for the three months ended in Mar. 2026 was kr0.246. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is kr0.93 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.

As of today (2026-08-04), Morrow Bank AB's current stock price is kr12.50. Morrow Bank AB's E10 for the quarter that ended in Mar. 2026 was kr0.93. Morrow Bank AB's Shiller PE Ratio of today is 13.44.

During the past 12 years, the highest Shiller PE Ratio of Morrow Bank AB was 15.38. The lowest was 5.85. And the median was 13.51.


Morrow Bank AB  (OSTO:MORROW) 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.

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

Shiller PE Ratio=Share Price/E10
=12.50/0.93
=13.44

* 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 12 years, the highest Shiller P/E Ratio of Morrow Bank AB was 15.38. The lowest was 5.85. And the median was 13.51.


Be Aware

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


Morrow Bank AB E10 Related Terms


Morrow Bank AB E10 Historical Data

* Premium members only.

The historical data trend for Morrow Bank 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.

Morrow Bank AB E10 Chart

Morrow Bank AB 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 0.00 0.00 0.00 0.00 0.92

Morrow Bank AB 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 0.00 0.00 0.00 0.92 0.93

OSTO:MORROW vs PNC, USB: E10 Comparison

For the Banks - Regional subindustry, Morrow Bank 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.


Morrow Bank AB Shiller PE Ratio vs Banks Industry

For the Banks industry and Financial Services sector, Morrow Bank AB's Shiller PE Ratio distribution charts can be found below:

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


OSTO:MORROW
57GF Score
Morrow Bank AB OSTO:MORROW
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Morrow Bank 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, Morrow Bank AB'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)
=0.246/133.5600*133.5600
=0.246

Current CPI (Mar. 2026) = 133.5600.

Morrow Bank AB Quarterly Data

per share eps CPI Adj_EPS
201512 0.000 100.276 0.000
201609 0.285 101.138 0.376
201612 0.304 102.022 0.398
201703 0.328 102.022 0.429
201706 0.347 102.752 0.451
201709 0.562 103.279 0.727
201712 0.195 103.793 0.251
201803 0.397 103.962 0.510
201806 0.501 104.875 0.638
201809 0.429 105.679 0.542
201812 0.444 105.912 0.560
201903 0.424 105.886 0.535
201906 0.342 106.742 0.428
201909 0.456 107.214 0.568
201912 -0.116 107.766 -0.144
202003 0.225 106.563 0.282
202006 0.379 107.498 0.471
202009 0.337 107.635 0.418
202012 0.319 108.296 0.393
202103 0.312 108.360 0.385
202106 0.235 108.928 0.288
202109 -1.894 110.338 -2.293
202112 0.142 112.486 0.169
202203 0.181 114.825 0.211
202206 0.173 118.384 0.195
202209 0.082 122.296 0.090
202212 -0.504 126.365 -0.533
202303 0.176 127.042 0.185
202306 0.178 129.407 0.184
202309 0.125 130.224 0.128
202312 0.126 131.912 0.128
202403 0.165 132.205 0.167
202406 0.187 132.716 0.188
202409 0.198 132.304 0.200
202412 0.229 132.987 0.230
202503 0.235 132.825 0.236
202506 0.259 133.699 0.259
202509 0.269 133.480 0.269
202512 0.270 133.390 0.270
202603 0.246 133.560 0.246

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 kr0.93 mean?
Morrow Bank AB (OSTO:MORROW) has a E10 of kr0.93 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Morrow Bank AB and its competitors.
Is Morrow Bank AB's E10 too high?
Morrow Bank AB's current E10 is kr0.93. Overall, Morrow Bank AB has a GF Score™ of 57/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Morrow Bank AB's E10 compare to PNC and USB?
Morrow Bank AB's E10 of kr0.93 can be compared against companies in the Banks 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 Banks company?
A good E10 depends on the Banks 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 Morrow Bank AB and its competitors. Morrow Bank AB's current E10 is kr0.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Morrow Bank AB stock overvalued right now?
Based on GuruFocus' analysis, Morrow Bank AB (OSTO:MORROW) is currently considered Significantly Overvalued. The stock's GF Value™ is kr7.43, compared to a current price of kr12.50 — trading 68.2% above its estimated fair value. The current E10 is kr0.93. Morrow Bank AB's overall GF Score™ is 57/100 with 2 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 Morrow Bank AB (OSTO:MORROW), the current E10 is kr0.93 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 Morrow Bank AB (OSTO:MORROW) Overvalued in 2026?

Based on GuruFocus' analysis, Morrow Bank AB stock appears to be overvalued. The current stock price of kr12.50 is trading 68.2% above its estimated GF Value™ of kr7.43. GuruFocus considers Morrow Bank AB to be Significantly Overvalued.

Key valuation signals for OSTO:MORROW:

  • E10: kr0.93
  • GF Value™: kr7.43 vs. price of kr12.50 (68.2% above fair value)
  • GF Score™: 57/100 with 2 warning signs

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


Morrow Bank AB Business Description

Other Exchanges KBN0:Germany
Address Torsgatan 13, Stockholm, SWE, 111 23
Morrow Bank AB is a Swedish bank offering convenient payment and financing products to consumers. It is a focused Nordic digital niche bank offering personal loans, credit cards, deposit accounts, and online point-of-sales finance products to consumers.
57GF Score

Get the complete analysis for OSTO:MORROW

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

kr12.50
Price
kr7.43
GF Value