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Gjensidige Forsikring ASA E10

: $1.35 (As of Sep. 2021)
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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.

Gjensidige Forsikring ASA's adjusted earnings per share data for the three months ended in Sep. 2021 was $0.345. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $1.35 for the trailing ten years ended in Sep. 2021.

As of today (2021-12-05), Gjensidige Forsikring ASA's current stock price is $22.01. Gjensidige Forsikring ASA's E10 for the quarter that ended in Sep. 2021 was $1.35. Gjensidige Forsikring ASA's Shiller PE Ratio of today is 16.30.

During the past 13 years, the highest Shiller PE Ratio of Gjensidige Forsikring ASA was 21.24. The lowest was 11.06. And the median was 17.64.


Gjensidige Forsikring ASA E10 Historical Data

The historical data trend for Gjensidige Forsikring ASA'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.

Gjensidige Forsikring ASA Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
E10
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - 1.35 1.22 1.09 1.25

Gjensidige Forsikring ASA Quarterly Data
Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21
E10 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 Premium Member Only Premium Member Only Premium Member Only 1.11 1.25 1.26 1.35 1.35

Competitive Comparison

For the Insurance - Diversified subindustry, Gjensidige Forsikring ASA's E10, along with its competitors' market caps and E10 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.

   

Gjensidige Forsikring ASA E10 Distribution

For the Insurance industry and Financial Services sector, Gjensidige Forsikring ASA's E10 distribution charts can be found below:

* The bar in red indicates where Gjensidige Forsikring ASA's E10 falls into.



Gjensidige Forsikring ASA 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, Gjensidige Forsikring ASA's adjusted earnings per share data for the three months ended in Sep. 2021 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Sep. 2021 (Change)*Current CPI (Sep. 2021)
=0.345/117.5000*117.5000
=0.345

Current CPI (Sep. 2021) = 117.5000.

Gjensidige Forsikring ASA Quarterly Data

per share eps CPI Adj_EPS
201112 0.203 93.400 0.255
201203 0.382 94.100 0.477
201206 0.316 93.700 0.396
201209 0.435 93.900 0.544
201212 1.526 94.700 1.893
201303 0.109 95.400 0.134
201306 0.303 95.700 0.372
201309 0.446 96.400 0.544
201312 0.370 96.600 0.450
201403 0.309 97.300 0.373
201406 0.432 97.500 0.521
201409 0.315 98.500 0.376
201412 0.265 98.600 0.316
201503 0.188 99.200 0.223
201506 0.306 100.100 0.359
201509 0.144 100.600 0.168
201512 0.286 100.900 0.333
201603 0.262 102.500 0.300
201606 0.313 103.800 0.354
201609 0.286 104.200 0.323
201612 0.256 104.400 0.288
201703 0.261 105.000 0.292
201706 0.259 105.800 0.288
201709 0.336 105.900 0.373
201712 0.240 106.100 0.266
201803 0.138 107.300 0.151
201806 0.248 108.500 0.269
201809 0.212 109.500 0.227
201812 0.301 109.800 0.322
201903 0.647 110.400 0.689
201906 0.310 110.600 0.329
201909 0.221 111.100 0.234
201912 0.326 111.300 0.344
202003 -0.094 111.200 -0.099
202006 0.409 112.100 0.429
202009 0.338 112.900 0.352
202012 0.443 112.900 0.461
202103 0.315 114.600 0.323
202106 0.432 115.300 0.440
202109 0.345 117.500 0.345

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


Gjensidige Forsikring ASA  (OTCPK:GJNSY) 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.

Gjensidige Forsikring ASA's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=22.01/1.35
=16.30

* 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 Gjensidige Forsikring ASA was 21.24. The lowest was 11.06. And the median was 17.64.


Be Aware

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


Gjensidige Forsikring ASA E10 Related Terms

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


Gjensidige Forsikring ASA Business Description

Gjensidige Forsikring ASA logo
Industry
Address
Schweigaardsgate 21, Oslo, NOR, 0191
Gjensidige Forsikring is a diversified insurance company that operates in multiple business segments, including general insurance private; general insurance commercial; general insurance Denmark; general insurance Sweden; general insurance Baltics; and pension. The company provides general, accident, and health insurance products, among others. The vast majority of the company's revenue is generated from its private and commercial segments. The private segment offers a range of products in the Norwegian private market, while the commercial segment provides products to the commercial, agricultural, and municipality markets in Norway. The company considers mergers and acquisitions a component of its operational growth strategy.

Gjensidige Forsikring ASA Headlines

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