SSAB AB (publ) (STU:SKWA) E10: €0.40 (As of Mar. 2026)


STU:SKWA SSAB AB (publ) STU:SKWA
77 GF Score
Price €8.51
GF Value €5.14
Valuation Significantly Overvalued
! 7 Warning Signs
View Full Analysis

What is SSAB AB (publ) E10?

SSAB AB (publ) STU:SKWA +4.62% 77 E10 is €0.40 as of Mar. 2026. GuruFocus rates STU:SKWA with a GF Score™ of 77/100 and a GF Value™ of €5.14 (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.

SSAB AB (publ)'s adjusted earnings per share data for the three months ended in Mar. 2026 was €0.149. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €0.40 for the trailing ten years ended in Mar. 2026.

During the past 12 months, SSAB AB (publ)'s average E10 Growth Rate was 20.10% per year. During the past 3 years, the average E10 Growth Rate was 65.30% per year. During the past 5 years, the average E10 Growth Rate was 46.20% 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 SSAB AB (publ) was 141.00% per year. The lowest was 7.10% per year. And the median was 64.05% per year.

As of today (2026-07-04), SSAB AB (publ)'s current stock price is €8.512. SSAB AB (publ)'s E10 for the quarter that ended in Mar. 2026 was €0.40. SSAB AB (publ)'s Shiller PE Ratio of today is 21.28.

During the past 13 years, the highest Shiller PE Ratio of SSAB AB (publ) was 1219.50. The lowest was 12.36. And the median was 35.30.


SSAB AB (publ)  (STU:SKWA) 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.

SSAB AB (publ)'s Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=8.512/0.40
=21.28

* 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 SSAB AB (publ) was 1219.50. The lowest was 12.36. And the median was 35.30.


Be Aware

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


SSAB AB (publ) E10 Related Terms


SSAB AB (publ) E10 Historical Data

* Premium members only.

The historical data trend for SSAB AB (publ)'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.

SSAB AB (publ) E10 Chart

SSAB AB (publ) 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 0.16 0.08 0.23 0.30 0.38

SSAB AB (publ) 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 0.33 0.33 0.36 0.38 0.40

STU:SKWA vs NUE, STLD, RS: E10 Comparison

For the Steel subindustry, SSAB AB (publ)'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.


SSAB AB (publ) Shiller PE Ratio vs Steel Industry

For the Steel industry and Basic Materials sector, SSAB AB (publ)'s Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where SSAB AB (publ)'s Shiller PE Ratio falls into.


STU:SKWA
77GF Score
SSAB AB (publ) STU:SKWA
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

SSAB AB (publ) 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, SSAB AB (publ)'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)
=0.149/133.5600*133.5600
=0.149

Current CPI (Mar. 2026) = 133.5600.

SSAB AB (publ) Quarterly Data

per share eps CPI Adj_EPS
201606 0.057 101.019 0.075
201609 0.060 101.138 0.079
201612 0.003 102.022 0.004
201703 0.051 102.022 0.067
201706 0.088 102.752 0.114
201709 0.059 103.279 0.076
201712 0.032 103.793 0.041
201803 0.064 103.962 0.082
201806 0.124 104.875 0.158
201809 0.081 105.679 0.102
201812 0.066 105.912 0.083
201903 0.118 105.886 0.149
201906 0.092 106.742 0.115
201909 0.003 107.214 0.004
201912 -0.115 107.766 -0.143
202003 0.016 106.563 0.020
202006 -0.027 107.498 -0.034
202009 -0.069 107.635 -0.086
202012 0.032 108.296 0.039
202103 0.144 108.360 0.177
202106 0.309 108.928 0.379
202109 0.428 110.338 0.518
202112 0.516 112.486 0.613
202203 0.554 114.825 0.644
202206 0.734 118.384 0.828
202209 0.456 122.296 0.498
202212 -2.649 126.365 -2.800
202303 0.320 127.042 0.336
202306 0.327 129.407 0.337
202309 0.287 130.224 0.294
202312 0.166 131.912 0.168
202403 0.227 132.205 0.229
202406 0.215 132.716 0.216
202409 0.092 132.304 0.093
202412 0.042 132.987 0.042
202503 0.103 132.825 0.104
202506 0.169 133.699 0.169
202509 0.135 133.480 0.135
202512 0.040 133.390 0.040
202603 0.149 133.560 0.149

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 €0.40 mean?
SSAB AB (publ) (STU:SKWA) has a E10 of €0.40 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on SSAB AB (publ) and its competitors.
Is SSAB AB (publ)'s E10 too high?
SSAB AB (publ)'s current E10 is €0.40. Overall, SSAB AB (publ) has a GF Score™ of 77/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does SSAB AB (publ)'s E10 compare to NUE and STLD?
SSAB AB (publ)'s E10 of €0.40 can be compared against companies in the Steel 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 Steel company?
A good E10 depends on the Steel 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 SSAB AB (publ) and its competitors. SSAB AB (publ)'s current E10 is €0.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SSAB AB (publ) stock overvalued right now?
Based on GuruFocus' analysis, SSAB AB (publ) (STU:SKWA) is currently considered Significantly Overvalued. The stock's GF Value™ is €5.14, compared to a current price of €8.51 — trading 65.6% above its estimated fair value. The current E10 is €0.40. SSAB AB (publ)'s overall GF Score™ is 77/100 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 SSAB AB (publ) (STU:SKWA), the current E10 is €0.40 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 SSAB AB (publ) (STU:SKWA) Overvalued in 2026?

Based on GuruFocus' analysis, SSAB AB (publ) stock appears to be overvalued. The current stock price of €8.51 is trading 65.6% above its estimated GF Value™ of €5.14. GuruFocus considers SSAB AB (publ) to be Significantly Overvalued.

Key valuation signals for STU:SKWA:

  • E10: €0.40
  • GF Value™: €5.14 vs. price of €8.51 (65.6% above fair value)
  • GF Score™: 77/100 with 7 warning signs

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


SSAB AB (publ) Business Description

Address Klarabergsviadukten 70, Building A, 8th floor, Stockholm, SWE, 11164
SSAB AB (publ) is a Swedish steel producer specializing in high-strength and specialty steels for applications across industries like automotive, construction, heavy transport, mining, and energy. The company manufactures quenched and tempered steels, high-strength steels, heavy plates, strip products, and tubular goods through divisions including SSAB Special Steels, SSAB Europe, and SSAB Americas, Tibnor and Ruukki Construction with production sites mainly in Sweden, Finland, and the United States, Europe and rest of the world.
77GF Score

Get the complete analysis for STU:SKWA

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

€8.51
Price
€5.14
GF Value