Systemair AB (OSTO:SYSR) E10: kr2.85 (As of Apr. 2026)


OSTO:SYSR Systemair AB OSTO:SYSR
85 GF Score
Price kr83.90
GF Value kr81.08
Valuation Fairly Valued
! 1 Warning Sign
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What is Systemair AB E10?

Systemair AB OSTO:SYSR +3.58% 85 E10 is kr2.85 as of Apr. 2026. GuruFocus rates OSTO:SYSR with a GF Score™ of 85/100 and a GF Value™ of kr81.08 (Fairly Valued). The stock has 1 warning sign 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.

Systemair AB's adjusted earnings per share data for the three months ended in Apr. 2026 was kr0.830. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is kr2.85 for the trailing ten years ended in Apr. 2026.

During the past 12 months, Systemair AB's average E10 Growth Rate was 9.20% per year. During the past 3 years, the average E10 Growth Rate was 6.60% per year. During the past 5 years, the average E10 Growth Rate was 12.80% 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 Systemair AB was 17.20% per year. The lowest was 2.60% per year. And the median was 9.00% per year.

As of today (2026-07-03), Systemair AB's current stock price is kr83.90. Systemair AB's E10 for the quarter that ended in Apr. 2026 was kr2.85. Systemair AB's Shiller PE Ratio of today is 29.44.

During the past 13 years, the highest Shiller PE Ratio of Systemair AB was 61.76. The lowest was 16.32. And the median was 29.89.


Systemair AB  (OSTO:SYSR) 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.

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

Shiller PE Ratio=Share Price/E10
=83.90/2.85
=29.44

* 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 13 years, the highest Shiller P/E Ratio of Systemair AB was 61.76. The lowest was 16.32. And the median was 29.89.


Be Aware

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


Systemair AB E10 Related Terms


Systemair AB E10 Historical Data

* Premium members only.

The historical data trend for Systemair 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.

Systemair AB E10 Chart

Systemair AB Annual Data
Trend Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23 Apr24 Apr25 Apr26
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.80 2.35 2.48 2.61 2.85

Systemair AB Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
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 2.61 2.67 2.74 2.79 2.85

OSTO:SYSR vs TT, JCI, CARR: E10 Comparison

For the Building Products & Equipment subindustry, Systemair 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.


Systemair AB Shiller PE Ratio vs Construction Industry

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

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


OSTO:SYSR
85GF Score
Systemair AB OSTO:SYSR
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

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

Adj_EPS= Earnings per Share (Diluted) /CPI of Apr. 2026 (Change)*Current CPI (Apr. 2026)
=0.83/132.7900*132.7900
=0.830

Current CPI (Apr. 2026) = 132.7900.

Systemair AB Quarterly Data

per share eps CPI Adj_EPS
201607 0.478 101.080 0.628
201610 0.555 101.485 0.726
201701 0.245 101.326 0.321
201704 0.138 102.615 0.179
201707 0.363 103.301 0.467
201710 0.488 103.202 0.628
201801 0.200 102.925 0.258
201804 0.057 104.390 0.073
201807 0.348 105.420 0.438
201810 0.605 105.545 0.761
201901 0.213 104.855 0.270
201904 0.382 106.627 0.476
201907 0.610 107.166 0.756
201910 0.930 107.243 1.152
202001 0.300 106.215 0.375
202004 -0.005 106.240 -0.006
202007 0.393 107.731 0.484
202010 0.680 107.539 0.840
202101 0.330 107.897 0.406
202104 0.553 108.624 0.676
202107 0.750 109.218 0.912
202110 0.740 110.562 0.889
202201 0.470 111.876 0.558
202204 0.660 115.534 0.759
202207 1.040 118.489 1.166
202210 0.210 122.561 0.228
202301 0.790 124.942 0.840
202304 2.970 127.632 3.090
202307 1.170 129.464 1.200
202310 1.180 130.549 1.200
202401 -0.120 131.720 -0.121
202404 0.880 132.601 0.881
202407 1.010 132.831 1.010
202410 1.140 132.604 1.142
202501 0.620 132.943 0.619
202504 0.500 132.981 0.499
202507 0.920 133.957 0.912
202510 1.280 133.830 1.270
202601 0.630 133.560 0.626
202604 0.830 132.790 0.830

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 kr2.85 mean?
Systemair AB (OSTO:SYSR) has a E10 of kr2.85 as of Apr. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Systemair AB and its competitors.
Is Systemair AB's E10 too high?
Systemair AB's current E10 is kr2.85. Overall, Systemair AB has a GF Score™ of 85/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Systemair AB's E10 compare to TT and JCI?
Systemair AB's E10 of kr2.85 can be compared against companies in the Construction 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 Construction company?
A good E10 depends on the Construction 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 Systemair AB and its competitors. Systemair AB's current E10 is kr2.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Systemair AB stock overvalued right now?
Based on GuruFocus' analysis, Systemair AB (OSTO:SYSR) is currently considered Fairly Valued. The stock's GF Value™ is kr81.08, compared to a current price of kr83.90 — trading 3.5% above its estimated fair value. The current E10 is kr2.85. Systemair AB's overall GF Score™ is 85/100 with 1 warning sign 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 Systemair AB (OSTO:SYSR), the current E10 is kr2.85 as of Apr. 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 Systemair AB (OSTO:SYSR) Overvalued in 2026?

Based on GuruFocus' analysis, Systemair AB stock appears to be overvalued. The current stock price of kr83.90 is trading 3.5% above its estimated GF Value™ of kr81.08. GuruFocus considers Systemair AB to be Fairly Valued.

Key valuation signals for OSTO:SYSR:

  • E10: kr2.85
  • GF Value™: kr81.08 vs. price of kr83.90 (3.5% above fair value)
  • GF Score™: 85/100 with 1 warning sign

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


Systemair AB Business Description

Other Exchanges 0HDK:UK52SA:Germany
Address Industrivagen 3, Skinnskatteberg, SWE, SE-739 30
Systemair AB is a building material company that develops, manufactures, and markets ventilation products. The company's products under its flagship Systemair brand include air conditioning units, air curtains, air distribution products, and energy-efficient fans. The company also markets products under its Frico, VEAB Heat Tech AB, Fantech, and Menerga segments. Frico manufactures air curtains and heating products, while VEAB primarily develops heating products. The Fantech segment markets to the residential sector, in contrast to Systemair's commercial base. Menerga produces high-efficiency air-handling units for specialized buildings such as museums, airports, and swimming pool halls. The company generates the majority of its revenue from Europe.
85GF Score

Get the complete analysis for OSTO:SYSR

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

kr83.90
Price
kr81.08
GF Value