Northbaze Group AB (OSTO:NBZ) E10: kr-0.45 (As of Sep. 2025)

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Director of Data and Quant Analytics at GuruFocus
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OSTO:NBZ Northbaze Group AB OSTO:NBZ
50 GF Score
Price kr0.12
GF Value kr0.63
! 3 Warning Signs
View Full Analysis

What is Northbaze Group AB E10?

Northbaze Group AB OSTO:NBZ 50 E10 is kr-0.45 as of Sep. 2025. GuruFocus rates OSTO:NBZ with a GF Score™ of 50/100 and a GF Value™ of kr0.63. The stock has 3 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.

Northbaze Group AB's adjusted earnings per share data for the three months ended in Sep. 2025 was kr-0.050. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is kr-0.45 for the trailing ten years ended in Sep. 2025.

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 Northbaze Group AB was 28.70% per year. The lowest was 28.70% per year. And the median was 28.70% per year.

As of today (2026-07-22), Northbaze Group AB's current stock price is kr0.12. Northbaze Group AB's E10 for the quarter that ended in Sep. 2025 was kr-0.45. Northbaze Group AB's Shiller PE Ratio of today is .


Northbaze Group AB  (OSTO:NBZ) 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.


Be Aware

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


Northbaze Group AB E10 Related Terms


Northbaze Group AB E10 Historical Data

* Premium members only.

The historical data trend for Northbaze Group 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.

Northbaze Group AB E10 Chart

Northbaze Group AB Annual Data
Trend Apr15 Apr16 Apr17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 -0.41 -0.50 -0.57

Northbaze Group AB Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25
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 -0.54 -0.57 -0.51 -0.47 -0.45

OSTO:NBZ vs AAPL: E10 Comparison

For the Consumer Electronics subindustry, Northbaze Group 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.


Northbaze Group AB Shiller PE Ratio vs Hardware Industry

For the Hardware industry and Technology sector, Northbaze Group AB's Shiller PE Ratio distribution charts can be found below:

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


OSTO:NBZ
50GF Score
Northbaze Group AB OSTO:NBZ
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Northbaze Group 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, Northbaze Group AB's adjusted earnings per share data for the three months ended in Sep. 2025 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Sep. 2025 (Change)*Current CPI (Sep. 2025)
=-0.05/133.4800*133.4800
=-0.050

Current CPI (Sep. 2025) = 133.4800.

Northbaze Group AB Quarterly Data

per share eps CPI Adj_EPS
201510 -0.066 100.301 -0.088
201601 -0.144 99.931 -0.192
201604 -0.246 100.732 -0.326
201607 -0.165 101.080 -0.218
201610 -0.168 101.485 -0.221
201701 -0.193 101.326 -0.254
201704 -0.454 102.615 -0.591
201707 -0.278 103.301 -0.359
201710 -0.175 103.202 -0.226
201803 -0.080 103.962 -0.103
201806 -0.121 104.875 -0.154
201809 -0.090 105.679 -0.114
201812 -0.078 105.912 -0.098
201903 -0.150 105.886 -0.189
201906 -0.161 106.742 -0.201
201909 -0.110 107.214 -0.137
201912 -0.017 107.766 -0.021
202003 -0.020 106.563 -0.025
202006 -0.035 107.498 -0.043
202009 -0.029 107.635 -0.036
202012 0.000 108.296 0.000
202103 -0.020 108.360 -0.025
202106 -0.036 108.928 -0.044
202109 -0.050 110.338 -0.060
202112 0.000 112.486 0.000
202203 -0.100 114.825 -0.116
202206 0.002 118.384 0.002
202209 -0.019 122.296 -0.021
202212 -0.080 126.365 -0.085
202303 -0.040 127.042 -0.042
202306 -0.050 129.407 -0.052
202309 -0.017 130.224 -0.017
202312 -0.094 131.912 -0.095
202403 0.002 132.205 0.002
202406 -0.002 132.716 -0.002
202409 -0.020 132.304 -0.020
202412 -0.024 132.987 -0.024
202503 -0.036 132.825 -0.036
202506 -0.011 133.699 -0.011
202509 -0.050 133.480 -0.050

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-0.45 mean?
Northbaze Group AB (OSTO:NBZ) has a E10 of kr-0.45 as of Sep. 2025. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Northbaze Group AB and its competitors.
Is Northbaze Group AB's E10 too high?
Northbaze Group AB's current E10 is kr-0.45. Overall, Northbaze Group AB has a GF Score™ of 50/100, reflecting its overall financial health beyond just this single metric.
How does Northbaze Group AB's E10 compare to AAPL?
Northbaze Group AB's E10 of kr-0.45 can be compared against companies in the Hardware 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 Hardware company?
A good E10 depends on the Hardware 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 Northbaze Group AB and its competitors. Northbaze Group AB's current E10 is kr-0.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Northbaze Group AB stock overvalued right now?
Northbaze Group AB (OSTO:NBZ) has a current E10 of kr-0.45. The stock's GF Value™ is kr0.63, compared to a current price of kr0.12 — trading 81% below its estimated fair value. The current E10 is kr-0.45. Northbaze Group AB's overall GF Score™ is 50/100 with 3 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 Northbaze Group AB (OSTO:NBZ), the current E10 is kr-0.45 as of Sep. 2025. 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 Northbaze Group AB (OSTO:NBZ) Overvalued in 2026?

Based on GuruFocus' analysis, Northbaze Group AB stock appears to be undervalued. The current stock price of kr0.12 is trading 81% below its estimated GF Value™ of kr0.63.

Key valuation signals for OSTO:NBZ:

  • E10: kr-0.45
  • GF Value™: kr0.63 vs. price of kr0.12 (81% below fair value)
  • GF Score™: 50/100 with 3 warning signs

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


Northbaze Group AB Business Description

Address Kumla-Frasses gata 2A, Kumla, Orebro, SWE, 692 23
Northbaze Group AB is engaged in sales, development, marketing and support of audio products, as well as owns and manages shares in subsidiaries, manage trademarks, design protection and patents. The company develops, designs and produces headphones, speakers and tech accessories under different brands. The brand portfolio currently consists of the brands Jays Headphones, KAVAJ and Krusell.
50GF Score

Get the complete analysis for OSTO:NBZ

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

kr0.12
Price
kr0.63
GF Value