Arctic Paper (STU:A0P) E10: €0.56 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
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.
Reviewed by: Charlie Tian Charlie Tian
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.

STU:A0P Arctic Paper SA STU:A0P
54 GF Score
Price €1.37
GF Value €3.14
Valuation Possible Value Trap
! 6 Warning Signs
View Full Analysis

What is Arctic Paper E10?

Arctic Paper STU:A0P -4.06% 54 E10 is €0.56 as of Mar. 2026. GuruFocus rates STU:A0P with a GF Score™ of 54/100 and a GF Value™ of €3.14 (Possible Value Trap). The stock has 6 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.

Arctic Paper's adjusted earnings per share data for the three months ended in Mar. 2026 was €-0.071. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €0.56 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Arctic Paper's average E10 Growth Rate was 2.90% per year. During the past 3 years, the average E10 Growth Rate was 19.60% per year. During the past 5 years, the average E10 Growth Rate was 177.90% 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 Arctic Paper was 498.10% per year. The lowest was 19.60% per year. And the median was 90.90% per year.

As of today (2026-07-15), Arctic Paper's current stock price is €1.372. Arctic Paper's E10 for the quarter that ended in Mar. 2026 was €0.56. Arctic Paper's Shiller PE Ratio of today is 2.45.

During the past 13 years, the highest Shiller PE Ratio of Arctic Paper was 710.00. The lowest was 2.35. And the median was 13.80.


Arctic Paper  (STU:A0P) 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.

Arctic Paper's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=1.372/0.56
=2.45

* 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 Arctic Paper was 710.00. The lowest was 2.35. And the median was 13.80.


Be Aware

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


Arctic Paper E10 Related Terms


Arctic Paper E10 Historical Data

* Premium members only.

The historical data trend for Arctic Paper'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.

Arctic Paper E10 Chart

Arctic Paper 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 0.04 0.28 0.41 0.45 0.48

Arctic Paper 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 0.49 0.47 0.50 0.48 0.56

STU:A0P vs SLVM: E10 Comparison

For the Paper & Paper Products subindustry, Arctic Paper'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.


Arctic Paper Shiller PE Ratio vs Forest Products Industry

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

* The bar in red indicates where Arctic Paper's Shiller PE Ratio falls into.


STU:A0P
54GF Score
Arctic Paper SA STU:A0P
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Arctic Paper 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, Arctic Paper'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)
=-0.071/163.0700*163.0700
=-0.071

Current CPI (Mar. 2026) = 163.0700.

Arctic Paper Quarterly Data

per share eps CPI Adj_EPS
201606 0.005 99.552 0.008
201609 0.080 99.064 0.132
201612 0.044 100.366 0.071
201703 0.087 101.018 0.140
201706 0.018 101.180 0.029
201709 0.064 101.343 0.103
201712 -0.048 102.564 -0.076
201803 0.053 102.564 0.084
201806 0.014 103.378 0.022
201809 0.085 103.378 0.134
201812 -0.126 103.785 -0.198
201903 0.048 104.274 0.075
201906 0.106 105.983 0.163
201909 0.087 105.983 0.134
201912 0.034 107.123 0.052
202003 0.181 109.076 0.271
202006 0.034 109.402 0.051
202009 0.147 109.320 0.219
202012 0.002 109.565 0.003
202103 0.096 112.658 0.139
202106 0.062 113.960 0.089
202109 0.122 115.588 0.172
202112 0.142 119.088 0.194
202203 0.399 125.031 0.520
202206 0.716 131.705 0.887
202209 0.734 135.531 0.883
202212 0.241 139.113 0.283
202303 0.358 145.950 0.400
202306 0.131 147.009 0.145
202309 0.170 146.113 0.190
202312 0.161 147.741 0.178
202403 0.273 149.044 0.299
202406 0.060 150.997 0.065
202409 0.101 153.439 0.107
202412 0.078 154.660 0.082
202503 -0.044 157.021 -0.046
202506 -0.151 157.509 -0.156
202509 0.007 158.000 0.007
202512 -0.142 158.320 -0.146
202603 -0.071 163.070 -0.071

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 €0.56 mean?
Arctic Paper (STU:A0P) has a E10 of €0.56 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Arctic Paper and its competitors.
Is Arctic Paper's E10 too high?
Arctic Paper's current E10 is €0.56. Overall, Arctic Paper has a GF Score™ of 54/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Arctic Paper's E10 compare to SLVM?
Arctic Paper's E10 of €0.56 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 Arctic Paper and its competitors. Arctic Paper's current E10 is €0.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Arctic Paper stock overvalued right now?
Based on GuruFocus' analysis, Arctic Paper (STU:A0P) is currently considered Possible Value Trap. The stock's GF Value™ is €3.14, compared to a current price of €1.37 — trading 56.3% below its estimated fair value. The current E10 is €0.56. Arctic Paper's overall GF Score™ is 54/100 with 6 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 Arctic Paper (STU:A0P), the current E10 is €0.56 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 Arctic Paper (STU:A0P) Overvalued in 2026?

Based on GuruFocus' analysis, Arctic Paper stock appears to be undervalued. The current stock price of €1.37 is trading 56.3% below its estimated GF Value™ of €3.14. GuruFocus considers Arctic Paper to be Possible Value Trap.

Key valuation signals for STU:A0P:

  • E10: €0.56
  • GF Value™: €3.14 vs. price of €1.37 (56.3% below fair value)
  • GF Score™: 54/100 with 6 warning signs

No single metric tells the full story. See the STU:A0P stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Arctic Paper Business Description

Other Exchanges ARP:SwedenATC:Poland
Address UL. Fabryczna 1, Kostrzyn nad Odra, Lubuskie, POL, 66470
Arctic Paper SA produces a volume of bulky book paper and produces high-quality graphic paper in Europe. The group produces numerous types of uncoated and coated wood-free paper as well as wood-containing uncoated paper for printing houses, paper distributors, book and magazine publishing houses, and the advertising industry. The company's segment includes Paper and Pulp. The firm derives maximum revenue from the Paper segment. The majority of revenue is generated from Uncoated segment. Geographically, the firm derives revenue from Germany, France, the UK, Scandinavia, Western Europe (other countries), Poland, Central and Eastern Europe (other than Poland), and Outside Europe.
54GF Score

Get the complete analysis for STU:A0P

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

€1.37
Price
€3.14
GF Value