Northwest Natural Holding Co (STU:NN3) E10: €2.03 (As of Mar. 2026)


STU:NN3 Northwest Natural Holding Co STU:NN3
70 GF Score
Price €43.64
GF Value €36.97
Valuation Modestly Overvalued
! 8 Warning Signs
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What is Northwest Natural Holding Co E10?

Northwest Natural Holding Co STU:NN3 -2.24% 70 E10 is €2.03 as of Mar. 2026. GuruFocus rates STU:NN3 with a GF Score™ of 70/100 and a GF Value™ of €36.97 (Modestly Overvalued). The stock has 8 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.

Northwest Natural Holding Co's adjusted earnings per share data for the three months ended in Mar. 2026 was €2.015. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €2.03 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Northwest Natural Holding Co's average E10 Growth Rate was 2.20% per year. During the past 3 years, the average E10 Growth Rate was 1.40% per year. During the past 5 years, the average E10 Growth Rate was 2.80% per year. During the past 10 years, the average E10 Growth Rate was -1.00% 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 Northwest Natural Holding Co was 5.90% per year. The lowest was -8.30% per year. And the median was 2.20% per year.

As of today (2026-06-30), Northwest Natural Holding Co's current stock price is €43.64. Northwest Natural Holding Co's E10 for the quarter that ended in Mar. 2026 was €2.03. Northwest Natural Holding Co's Shiller PE Ratio of today is 21.50.

During the past 13 years, the highest Shiller PE Ratio of Northwest Natural Holding Co was 38.32. The lowest was 15.53. And the median was 23.37.


Northwest Natural Holding Co  (STU:NN3) 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.

Northwest Natural Holding Co's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=43.64/2.03
=21.50

* 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 Northwest Natural Holding Co was 38.32. The lowest was 15.53. And the median was 23.37.


Be Aware

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


Northwest Natural Holding Co E10 Related Terms


Northwest Natural Holding Co E10 Historical Data

* Premium members only.

The historical data trend for Northwest Natural Holding Co'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.

Northwest Natural Holding Co E10 Chart

Northwest Natural Holding Co 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 2.42 2.62 1.99 2.09 1.92

Northwest Natural Holding Co 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 2.13 1.95 1.93 1.92 2.03

STU:NN3 vs CPK, CTRI, SPH: E10 Comparison

For the Utilities - Regulated Gas subindustry, Northwest Natural Holding Co'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.


Northwest Natural Holding Co Shiller PE Ratio vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Northwest Natural Holding Co's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Northwest Natural Holding Co's Shiller PE Ratio falls into.


STU:NN3
70GF Score
Northwest Natural Holding Co STU:NN3
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Northwest Natural Holding Co 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, Northwest Natural Holding Co'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)
=2.015/330.2130*330.2130
=2.015

Current CPI (Mar. 2026) = 330.2130.

Northwest Natural Holding Co Quarterly Data

per share eps CPI Adj_EPS
201606 0.062 241.018 0.085
201609 -0.258 241.428 -0.353
201612 0.936 241.432 1.280
201703 1.309 243.801 1.773
201706 0.089 244.955 0.120
201709 -0.252 246.819 -0.337
201712 -2.653 246.524 -3.554
201803 1.168 249.554 1.546
201806 -0.026 251.989 -0.034
201809 -0.351 252.439 -0.459
201812 1.090 251.233 1.433
201903 1.319 254.202 1.713
201906 0.035 256.143 0.045
201909 -0.572 256.759 -0.736
201912 1.080 256.974 1.388
202003 1.412 258.115 1.806
202006 -0.142 257.797 -0.182
202009 -0.501 260.280 -0.636
202012 1.397 260.474 1.771
202103 1.630 264.877 2.032
202106 -0.017 271.696 -0.021
202109 -0.570 274.310 -0.686
202112 1.152 278.802 1.364
202203 1.634 287.504 1.877
202206 0.047 296.311 0.052
202209 -0.566 296.808 -0.630
202212 1.274 296.797 1.417
202303 1.877 301.836 2.053
202306 0.028 305.109 0.030
202309 -0.609 307.789 -0.653
202312 1.088 306.746 1.171
202403 1.555 312.332 1.644
202406 -0.065 314.175 -0.068
202409 -0.640 315.301 -0.670
202412 1.068 315.605 1.117
202503 2.016 319.799 2.082
202506 -0.052 322.561 -0.053
202509 -0.622 324.800 -0.632
202512 1.187 324.054 1.210
202603 2.015 330.213 2.015

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 €2.03 mean?
Northwest Natural Holding Co (STU:NN3) has a E10 of €2.03 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Northwest Natural Holding Co and its competitors.
Is Northwest Natural Holding Co's E10 too high?
Northwest Natural Holding Co's current E10 is €2.03. Overall, Northwest Natural Holding Co has a GF Score™ of 70/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Northwest Natural Holding Co's E10 compare to CPK and CTRI?
Northwest Natural Holding Co's E10 of €2.03 can be compared against companies in the Utilities - Regulated 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 an Utilities - Regulated company?
A good E10 depends on the Utilities - Regulated 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 Northwest Natural Holding Co and its competitors. Northwest Natural Holding Co's current E10 is €2.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Northwest Natural Holding Co stock overvalued right now?
Based on GuruFocus' analysis, Northwest Natural Holding Co (STU:NN3) is currently considered Modestly Overvalued. The stock's GF Value™ is €36.97, compared to a current price of €43.64 — trading 18% above its estimated fair value. The current E10 is €2.03. Northwest Natural Holding Co's overall GF Score™ is 70/100 with 8 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 Northwest Natural Holding Co (STU:NN3), the current E10 is €2.03 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 Northwest Natural Holding Co (STU:NN3) Overvalued in 2026?

Based on GuruFocus' analysis, Northwest Natural Holding Co stock appears to be overvalued. The current stock price of €43.64 is trading 18% above its estimated GF Value™ of €36.97. GuruFocus considers Northwest Natural Holding Co to be Modestly Overvalued.

Key valuation signals for STU:NN3:

  • E10: €2.03
  • GF Value™: €36.97 vs. price of €43.64 (18% above fair value)
  • GF Score™: 70/100 with 8 warning signs

No single metric tells the full story. See the STU:NN3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Northwest Natural Holding Co Business Description

Other Exchanges NWN:USANN3:Germany
Address 250 S.W. Taylor Street, Portland, OR, USA, 97204
Northwest Natural Holding Co is a public natural gas service supplier operating in the U.S. Pacific Northwest. Its subsidiary, NW Natural, operates through the natural gas distribution segment, which purchases and distributes natural gas through which operates in Oregon and southwest Washington. The company operates in three reportable business segments, which are NWN Gas Utility, SiEnergy, and NWN Water. The company generates maximum revenue from NWN Gas Utility segment. It also generates revenue from residential, commercial, and industrial customers, the majority of which are in Oregon. Residential and commercial customers account for the vast majority of profitability.
70GF Score

Get the complete analysis for STU:NN3

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

€43.64
Price
€36.97
GF Value