Skandinaviska Enskilda Banken AB (STU:SEBC) E10: €1.25 (As of Jun. 2026)

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STU:SEBC Skandinaviska Enskilda Banken AB STU:SEBC
67 GF Score
Price €20.75
GF Value €14.26
Valuation Significantly Overvalued
! 7 Warning Signs
View Full Analysis

What is Skandinaviska Enskilda Banken AB E10?

Skandinaviska Enskilda Banken AB STU:SEBC -0.24% 67 E10 is €1.25 as of Jun. 2026. GuruFocus rates STU:SEBC with a GF Score™ of 67/100 and a GF Value™ of €14.26 (Significantly Overvalued). The stock has 7 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.

Skandinaviska Enskilda Banken AB's adjusted earnings per share data for the three months ended in Jun. 2026 was €0.400. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €1.25 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Skandinaviska Enskilda Banken AB's average E10 Growth Rate was 8.20% per year. During the past 3 years, the average E10 Growth Rate was 8.00% per year. During the past 5 years, the average E10 Growth Rate was 11.70% 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 Skandinaviska Enskilda Banken AB was 15.20% per year. The lowest was 8.00% per year. And the median was 11.75% per year.

As of today (2026-08-08), Skandinaviska Enskilda Banken AB's current stock price is €20.75. Skandinaviska Enskilda Banken AB's E10 for the quarter that ended in Jun. 2026 was €1.25. Skandinaviska Enskilda Banken AB's Shiller PE Ratio of today is 16.60.

During the past 13 years, the highest Shiller PE Ratio of Skandinaviska Enskilda Banken AB was 19.69. The lowest was 8.84. And the median was 13.28.


Skandinaviska Enskilda Banken AB  (STU:SEBC) 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.

Skandinaviska Enskilda Banken AB's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=20.75/1.25
=16.60

* 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 Skandinaviska Enskilda Banken AB was 19.69. The lowest was 8.84. And the median was 13.28.


Be Aware

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


Skandinaviska Enskilda Banken AB E10 Related Terms


Skandinaviska Enskilda Banken AB E10 Historical Data

* Premium members only.

The historical data trend for Skandinaviska Enskilda Banken 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.

Skandinaviska Enskilda Banken AB E10 Chart

Skandinaviska Enskilda Banken AB 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 0.87 0.96 1.05 1.08 1.20

Skandinaviska Enskilda Banken AB Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 1.16 1.15 1.20 1.29 1.25

STU:SEBC vs PNC, USB: E10 Comparison

For the Banks - Regional subindustry, Skandinaviska Enskilda Banken 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.


Skandinaviska Enskilda Banken AB Shiller PE Ratio vs Banks Industry

For the Banks industry and Financial Services sector, Skandinaviska Enskilda Banken AB's Shiller PE Ratio distribution charts can be found below:

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


STU:SEBC
67GF Score
Skandinaviska Enskilda Banken AB STU:SEBC
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Skandinaviska Enskilda Banken 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, Skandinaviska Enskilda Banken AB's adjusted earnings per share data for the three months ended in Jun. 2026 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=0.4/134.6100*134.6100
=0.400

Current CPI (Jun. 2026) = 134.6100.

Skandinaviska Enskilda Banken AB Quarterly Data

per share eps CPI Adj_EPS
201609 0.198 101.138 0.264
201612 0.201 102.022 0.265
201703 0.206 102.022 0.272
201706 0.212 102.752 0.278
201709 0.204 103.279 0.266
201712 0.147 103.793 0.191
201803 0.180 103.962 0.233
201806 0.448 104.875 0.575
201809 0.200 105.679 0.255
201812 0.204 105.912 0.259
201903 0.205 105.886 0.261
201906 0.212 106.742 0.267
201909 0.206 107.214 0.259
201912 0.256 107.766 0.320
202003 0.099 106.563 0.125
202006 0.154 107.498 0.193
202009 0.210 107.635 0.263
202012 0.231 108.296 0.287
202103 0.271 108.360 0.337
202106 0.299 108.928 0.369
202109 0.299 110.338 0.365
202112 0.277 112.486 0.331
202203 0.279 114.825 0.327
202206 0.253 118.384 0.288
202209 0.315 122.296 0.347
202212 0.315 126.365 0.336
202303 0.394 127.042 0.417
202306 0.396 129.407 0.412
202309 0.425 130.224 0.439
202312 0.358 131.912 0.365
202403 0.403 132.205 0.410
202406 0.402 132.716 0.408
202409 0.403 132.304 0.410
202412 0.317 132.987 0.321
202503 0.351 132.825 0.356
202506 0.370 133.699 0.373
202509 0.348 133.480 0.351
202512 0.337 133.390 0.340
202603 0.352 133.560 0.355
202606 0.400 134.610 0.400

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 €1.25 mean?
Skandinaviska Enskilda Banken AB (STU:SEBC) has a E10 of €1.25 as of Jun. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Skandinaviska Enskilda Banken AB and its competitors.
Is Skandinaviska Enskilda Banken AB's E10 too high?
Skandinaviska Enskilda Banken AB's current E10 is €1.25. Overall, Skandinaviska Enskilda Banken AB has a GF Score™ of 67/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Skandinaviska Enskilda Banken AB's E10 compare to PNC and USB?
Skandinaviska Enskilda Banken AB's E10 of €1.25 can be compared against companies in the Banks 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 Banks company?
A good E10 depends on the Banks 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 Skandinaviska Enskilda Banken AB and its competitors. Skandinaviska Enskilda Banken AB's current E10 is €1.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Skandinaviska Enskilda Banken AB stock overvalued right now?
Based on GuruFocus' analysis, Skandinaviska Enskilda Banken AB (STU:SEBC) is currently considered Significantly Overvalued. The stock's GF Value™ is €14.26, compared to a current price of €20.75 — trading 45.5% above its estimated fair value. The current E10 is €1.25. Skandinaviska Enskilda Banken AB's overall GF Score™ is 67/100 with 7 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 Skandinaviska Enskilda Banken AB (STU:SEBC), the current E10 is €1.25 as of Jun. 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 Skandinaviska Enskilda Banken AB (STU:SEBC) Overvalued in 2026?

Based on GuruFocus' analysis, Skandinaviska Enskilda Banken AB stock appears to be overvalued. The current stock price of €20.75 is trading 45.5% above its estimated GF Value™ of €14.26. GuruFocus considers Skandinaviska Enskilda Banken AB to be Significantly Overvalued.

Key valuation signals for STU:SEBC:

  • E10: €1.25
  • GF Value™: €14.26 vs. price of €20.75 (45.5% above fair value)
  • GF Score™: 67/100 with 7 warning signs

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


Skandinaviska Enskilda Banken AB Business Description

Address Kungstradgardsgatan 8, Stockholm, SWE, SE-106 40
Skandinaviska Enskilda Banken is a Swedish universal bank with a strong focus on the corporate lending sector. The bank operates in the Nordics, the Baltics, Germany, and the United Kingdom but derives the majority of its operating profits from Sweden. SEB specializes in corporate lending, particularly to large corporations. Additionally, it serves large midcorporate and multinational companies, financial institutions, and small and medium-size enterprises. It also serves about 4 million private customers in Sweden and the Baltics. The bank offers asset management, life insurance, and private banking services to its clients.
67GF Score

Get the complete analysis for STU:SEBC

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

€20.75
Price
€14.26
GF Value