Saga Pure ASA (STU:SAT) E10: €0.01 (As of Dec. 2025)

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:SAT Saga Pure ASA STU:SAT
50 GF Score
Price €0.14
GF Value €0.05
Valuation Significantly Overvalued
! 5 Warning Signs
View Full Analysis

What is Saga Pure ASA E10?

Saga Pure ASA STU:SAT 50 E10 is €0.01 as of Dec. 2025. GuruFocus rates STU:SAT with a GF Score™ of 50/100 and a GF Value™ of €0.05 (Significantly Overvalued). The stock has 5 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.

Saga Pure ASA's adjusted earnings per share data for the three months ended in Dec. 2025 was €-0.002. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €0.01 for the trailing ten years ended in Dec. 2025.

During the past 3 years, the average E10 Growth Rate was -5.30% 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 Saga Pure ASA was -5.30% per year. The lowest was -8.20% per year. And the median was -6.75% per year.

As of today (2026-07-16), Saga Pure ASA's current stock price is €0.141. Saga Pure ASA's E10 for the quarter that ended in Dec. 2025 was €0.01. Saga Pure ASA's Shiller PE Ratio of today is 14.10.

During the past 13 years, the highest Shiller PE Ratio of Saga Pure ASA was 19.59. The lowest was 6.86. And the median was 8.41.


Saga Pure ASA  (STU:SAT) 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.

Saga Pure ASA's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=0.141/0.01
=14.10

* 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 Saga Pure ASA was 19.59. The lowest was 6.86. And the median was 8.41.


Be Aware

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


Saga Pure ASA E10 Related Terms


Saga Pure ASA E10 Historical Data

* Premium members only.

The historical data trend for Saga Pure 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.

Saga Pure ASA E10 Chart

Saga Pure ASA 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 0.02 0.02 0.01 0.01 0.01

Saga Pure ASA Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
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 0.01 0.01 0.01 0.01 0.01

STU:SAT vs BLK, BX, KKR: E10 Comparison

For the Asset Management subindustry, Saga Pure ASA'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.


Saga Pure ASA Shiller PE Ratio vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Saga Pure ASA's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Saga Pure ASA's Shiller PE Ratio falls into.


STU:SAT
50GF Score
Saga Pure ASA STU:SAT
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Saga Pure 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, Saga Pure ASA's adjusted earnings per share data for the three months ended in Dec. 2025 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=-0.002/139.1000*139.1000
=-0.002

Current CPI (Dec. 2025) = 139.1000.

Saga Pure ASA Quarterly Data

per share eps CPI Adj_EPS
201603 0.003 102.500 0.004
201606 0.034 103.800 0.046
201609 -0.002 104.200 -0.003
201612 0.000 104.400 0.000
201703 0.012 105.000 0.016
201706 0.002 105.800 0.003
201709 0.000 105.900 0.000
201712 0.004 106.100 0.005
201803 0.001 107.300 0.001
201806 0.009 108.500 0.012
201809 -0.005 109.500 -0.006
201812 -0.025 109.800 -0.032
201903 0.007 110.400 0.009
201906 -0.002 110.600 -0.003
201909 -0.003 111.100 -0.004
201912 0.015 111.300 0.019
202003 -0.034 111.200 -0.043
202006 0.017 112.100 0.021
202009 -0.001 112.900 -0.001
202012 0.078 112.900 0.096
202103 0.030 114.600 0.036
202106 0.001 115.300 0.001
202109 -0.002 117.500 -0.002
202112 0.019 118.900 0.022
202203 0.011 119.800 0.013
202206 0.026 122.600 0.029
202209 -0.024 125.600 -0.027
202212 -0.020 125.900 -0.022
202303 -0.015 127.600 -0.016
202306 -0.001 130.400 -0.001
202309 -0.002 129.800 -0.002
202312 -0.007 131.900 -0.007
202403 0.003 132.600 0.003
202406 0.002 133.800 0.002
202409 -0.003 133.700 -0.003
202412 -0.002 134.800 -0.002
202503 0.002 136.100 0.002
202506 -0.006 137.800 -0.006
202509 0.007 138.500 0.007
202512 -0.002 139.100 -0.002

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 €0.01 mean?
Saga Pure ASA (STU:SAT) has a E10 of €0.01 as of Dec. 2025. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Saga Pure ASA and its competitors.
Is Saga Pure ASA's E10 too high?
Saga Pure ASA's current E10 is €0.01. Overall, Saga Pure ASA has a GF Score™ of 50/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Saga Pure ASA's E10 compare to BLK and BX?
Saga Pure ASA's E10 of €0.01 can be compared against companies in the Asset Management 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 Asset Management company?
A good E10 depends on the Asset Management 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 Saga Pure ASA and its competitors. Saga Pure ASA's current E10 is €0.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Saga Pure ASA stock overvalued right now?
Based on GuruFocus' analysis, Saga Pure ASA (STU:SAT) is currently considered Significantly Overvalued. The stock's GF Value™ is €0.05, compared to a current price of €0.14 — trading 182% above its estimated fair value. The current E10 is €0.01. Saga Pure ASA's overall GF Score™ is 50/100 with 5 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 Saga Pure ASA (STU:SAT), the current E10 is €0.01 as of Dec. 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 Saga Pure ASA (STU:SAT) Overvalued in 2026?

Based on GuruFocus' analysis, Saga Pure ASA stock appears to be overvalued. The current stock price of €0.14 is trading 182% above its estimated GF Value™ of €0.05. GuruFocus considers Saga Pure ASA to be Significantly Overvalued.

Key valuation signals for STU:SAT:

  • E10: €0.01
  • GF Value™: €0.05 vs. price of €0.14 (182% above fair value)
  • GF Score™: 50/100 with 5 warning signs

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


Saga Pure ASA Business Description

Other Exchanges SAGA:Norway0N0A:UK
Address c/o Ferncliff TIH AS, Sjolyst plass 2, Oslo, NOR, 0278
Saga Pure ASA is an investment company. The Group's primary business activity is focused on investment and management related to industries, energy, and real estate, which includes ownership and investment in other businesses. The company is organised in one main operating segment that invests in financial instruments. All of the Company's activities are interrelated, and each activity is dependent on the others.
50GF Score

Get the complete analysis for STU:SAT

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

€0.14
Price
€0.05
GF Value