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Bavarian Nordic AS (WBO:BAVA) E10 : €0.18 (As of Dec. 2024)


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What is Bavarian Nordic AS E10?

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.

Bavarian Nordic AS's adjusted earnings per share data for the three months ended in Dec. 2024 was €1.314. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €0.18 for the trailing ten years ended in Dec. 2024.

During the past 12 months, Bavarian Nordic AS's average E10 Growth Rate was 850.00% 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 Bavarian Nordic AS was 32.10% per year. The lowest was 27.90% per year. And the median was 29.20% per year.

As of today (2025-04-04), Bavarian Nordic AS's current stock price is €19.315. Bavarian Nordic AS's E10 for the quarter that ended in Dec. 2024 was €0.18. Bavarian Nordic AS's Shiller PE Ratio of today is 107.31.

During the past 13 years, the highest Shiller PE Ratio of Bavarian Nordic AS was 1267.86. The lowest was 119.47. And the median was 329.73.


Bavarian Nordic AS E10 Historical Data

The historical data trend for Bavarian Nordic AS'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.

* Premium members only.

Bavarian Nordic AS E10 Chart

Bavarian Nordic AS Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - -0.27 0.02 0.18

Bavarian Nordic AS Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 0.02 - 0.07 0.09 0.18

Competitive Comparison of Bavarian Nordic AS's E10

For the Biotechnology subindustry, Bavarian Nordic AS'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.


Bavarian Nordic AS's Shiller PE Ratio Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Bavarian Nordic AS's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Bavarian Nordic AS's Shiller PE Ratio falls into.


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Bavarian Nordic AS 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, Bavarian Nordic AS's adjusted earnings per share data for the three months ended in Dec. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Dec. 2024 (Change)*Current CPI (Dec. 2024)
=1.314/118.9000*118.9000
=1.314

Current CPI (Dec. 2024) = 118.9000.

Bavarian Nordic AS Quarterly Data

per share eps CPI Adj_EPS
201503 0.170 100.200 0.202
201506 0.233 100.300 0.276
201509 -0.191 100.200 -0.227
201512 0.000 99.800 0.000
201603 -0.488 100.200 -0.579
201606 -0.096 100.600 -0.113
201609 0.340 100.200 0.403
201612 0.308 100.300 0.365
201703 -0.021 101.200 -0.025
201706 0.160 101.200 0.188
201709 1.084 101.800 1.266
201712 -0.627 101.300 -0.736
201803 -0.605 101.700 -0.707
201806 -0.361 102.300 -0.420
201809 0.106 102.400 0.123
201812 -0.329 102.100 -0.383
201903 -0.415 102.900 -0.480
201906 -0.428 102.900 -0.495
201909 -0.415 102.900 -0.480
201912 -0.150 102.900 -0.173
202003 1.686 103.300 1.941
202006 0.295 103.200 0.340
202009 0.067 103.500 0.077
202012 -0.981 103.400 -1.128
202103 -0.296 104.300 -0.337
202106 -0.323 105.000 -0.366
202109 -0.175 105.800 -0.197
202112 -0.215 106.600 -0.240
202203 -0.524 109.900 -0.567
202206 -0.457 113.600 -0.478
202209 0.027 116.400 0.028
202212 0.296 115.900 0.304
202303 0.685 117.300 0.694
202306 0.954 116.400 0.974
202309 -0.590 117.400 -0.598
202312 1.570 116.700 1.600
202403 -0.201 118.400 -0.202
202406 0.442 118.500 0.443
202409 0.121 118.900 0.121
202412 1.314 118.900 1.314

Add all the adjusted EPS together and divide 10 will get our e10.


Bavarian Nordic AS  (WBO:BAVA) 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.

Bavarian Nordic AS's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=19.315/0.18
=107.31

* 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 Bavarian Nordic AS was 1267.86. The lowest was 119.47. And the median was 329.73.


Be Aware

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


Bavarian Nordic AS E10 Related Terms

Thank you for viewing the detailed overview of Bavarian Nordic AS's E10 provided by GuruFocus.com. Please click on the following links to see related term pages.


Bavarian Nordic AS Business Description

Traded in Other Exchanges
Address
Philip Heymans Alle 3, Hellerup, DNK, 2900
Bavarian Nordic AS is a biotechnology company focused on the research, development, manufacturing, and commercialization of life-saving vaccines. The vast majority of the company's revenue is generated in the United States, Germany, and other geographic markets. Its products include Encepur, Jynneos, Rabipur, Vaxchora and Vivotif.

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