GGNDF (GN Store Nord AS) Shiller PE Ratio: 12.97 (As of Aug. 31, 2026) — 67% Below Median

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.

GGNDF GN Store Nord AS GGNDF
67 GF Score
Price $15.31
GF Value $14.33
Valuation Fairly Valued
! 6 Warning Signs
View Full Analysis

What is GN Store Nord AS Shiller PE Ratio?

GN Store Nord AS GGNDF -0.62% 67 Shiller PE Ratio is 12.97 as of Aug. 31, 2026, which is 67% below its 10-year median of 39.49. GuruFocus rates GGNDF with a GF Score™ of 67/100 and a GF Value™ of $14.33 (Fairly Valued). The stock has 6 warning signs investors should review. Among 312 Medical Devices & Instruments companies, GN Store Nord AS ranks better than 81.41% on this metric.

As of today (2026-08-31), GN Store Nord AS's current share price is $15.305. GN Store Nord AS's E10 for the quarter that ended in Jun. 2026 was $1.18. GN Store Nord AS's Shiller PE Ratio for today is 12.97.

The historical rank and industry rank for GN Store Nord AS's Shiller PE Ratio or its related term are showing as below:

GGNDF' s Shiller PE Ratio Range Over the Past 10 Years
Min: 10.08   Med: 39.49   Max: 82.18
Current: 12.5

During the past years, GN Store Nord AS's highest Shiller PE Ratio was 82.18. The lowest was 10.08. And the median was 39.49.

GGNDF's Shiller PE Ratio is ranked better than
81.41% of 312 companies
in the Medical Devices & Instruments industry
Industry Median: 26.73 vs GGNDF: 12.50

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

GN Store Nord AS's adjusted earnings per share data for the three months ended in Jun. 2026 was $-0.023. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $1.18 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


GN Store Nord AS  (OTCPK:GGNDF) Shiller PE Ratio Explanation

Compared with the regular PE Ratio, which works poorly for cyclical businesses, the Shiller PE Ratio smoothed out the fluctuations of profit margins during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Shiller PE Ratio should give similar results to regular PE Ratio.

Compared with the PS Ratio, the Shiller PE Ratio makes the comparison between different industries more meaningful.


Be Aware

Shiller PE Ratio assumes that over the long term, businesses and profitability revert to their means. If a company's business model does not work in the future compared with the past, Shiller PE Ratio and PS Ratio will give false valuations.


GN Store Nord AS Shiller PE Ratio Related Terms


GN Store Nord AS Shiller PE Ratio Historical Data

* Premium members only.

The historical data trend for GN Store Nord AS's Shiller PE Ratio 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.

GN Store Nord AS Shiller PE Ratio Chart

GN Store Nord AS Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Shiller PE Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 52.70 18.42 20.53 15.51 12.39

GN Store Nord AS Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Shiller PE Ratio 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 11.18 12.37 12.39 12.88 11.33

GGNDF vs ABT, SYK, MDT: Shiller PE Ratio Comparison

For the Medical Devices subindustry, GN Store Nord 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.


GN Store Nord AS Shiller PE Ratio vs Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, GN Store Nord AS's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where GN Store Nord AS's Shiller PE Ratio falls into.


GGNDF
67GF Score
GN Store Nord AS GGNDF
Shiller PE Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

GN Store Nord AS Shiller PE Ratio Calculation

For Shiller PE Ratio, 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 PE Ratio is also called PE10.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

GN Store Nord AS's Shiller PE Ratio for today is calculated as

Shiller PE Ratio=Share Price/ E10
=15.305/1.18
=12.97

* 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.

GN Store Nord AS's E10 for the quarter that ended in Jun. 2026 is calculated as:

For example, GN Store Nord AS'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)
=-0.023/122.9700*122.9700
=-0.023

Current CPI (Jun. 2026) = 122.9700.

GN Store Nord AS Quarterly Data

Earnings per Share (Diluted) CPI Adj_EPS
201609 0.221 100.200 0.271
201612 0.362 100.300 0.444
201703 0.275 101.200 0.334
201706 0.285 101.200 0.346
201709 0.325 101.800 0.393
201712 0.418 101.300 0.507
201803 0.258 101.700 0.312
201806 0.328 102.300 0.394
201809 0.344 102.400 0.413
201812 0.500 102.100 0.602
201903 0.291 102.900 0.348
201906 0.342 102.900 0.409
201909 0.381 102.900 0.455
201912 0.629 102.900 0.752
202003 0.115 103.300 0.137
202006 0.009 103.200 0.011
202009 0.751 103.500 0.892
202012 0.662 103.400 0.787
202103 0.578 104.300 0.681
202106 0.527 105.000 0.617
202109 0.527 105.800 0.613
202112 0.500 106.600 0.577
202203 -0.222 109.900 -0.248
202206 0.268 113.600 0.290
202209 0.205 116.400 0.217
202212 0.292 115.900 0.310
202303 -0.060 117.300 -0.063
202306 0.033 116.400 0.035
202309 0.209 117.400 0.219
202312 0.035 116.700 0.037
202403 0.254 118.400 0.264
202406 0.095 118.500 0.099
202409 0.277 118.900 0.286
202412 0.354 118.900 0.366
202503 0.071 120.200 0.073
202506 0.175 120.700 0.178
202509 0.079 121.600 0.080
202512 0.370 121.200 0.375
202603 -1.015 121.680 -1.026
202606 -0.023 122.970 -0.023

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

Frequently Asked Questions Learn more about Shiller PE Ratio →
What does a Shiller PE Ratio of 12.97 mean?
GN Store Nord AS (GGNDF) has a Shiller PE Ratio of 12.97 as of Aug. 31, 2026. Shiller price-earnings ratio is the ratio of share price to a company's inflation-adjusted earnings over a 10-year period. View historical data on GN Store Nord AS and its competitors. This is 67% below median its historical median of 39.49. Over the past decade, GN Store Nord AS's Shiller PE Ratio has ranged from 10.08 to 82.18. According to the industry distribution chart, GN Store Nord AS ranks #58 out of 312 companies in the Medical Devices & Instruments industry, placing it in the top 18.6%.
Is GN Store Nord AS's Shiller PE Ratio too high?
GN Store Nord AS's current Shiller PE Ratio of 12.97 is 67% below median its 10-year median of 39.49. Over the past 10 years, this metric has ranged from a low of 10.08 to a high of 82.18. The Medical Devices & Instruments industry median Shiller PE Ratio is 26.73. GN Store Nord AS's value of 12.97 is 51.5% below this industry median. Based on the distribution chart, GN Store Nord AS ranks #58 out of 312 companies in the Medical Devices & Instruments industry, which is in the top quartile — a strong position relative to peers. Overall, GN Store Nord AS has a GF Score™ of 67/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does GN Store Nord AS's Shiller PE Ratio compare to ABT and SYK?
According to the Medical Devices & Instruments industry distribution chart, GN Store Nord AS ranks #58 out of 312 companies for Shiller PE Ratio. This places GN Store Nord AS in the top 19% of its industry — outperforming the majority of peers. The industry median Shiller PE Ratio is 26.73. GN Store Nord AS's value of 12.97 is 51.5% below this benchmark. Historically, GN Store Nord AS's own Shiller PE Ratio has ranged from 10.08 to 82.18 over the past decade. While the company's 10-year median is 39.49 vs. the industry median of 26.73, GN Store Nord AS has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Shiller PE Ratio for a Medical Devices & Instruments company?
The median Shiller PE Ratio among Medical Devices & Instruments companies is 26.73, based on 312 companies in the industry. Companies in the top quartile (top 25%) have a Shiller PE Ratio significantly above this median, while those in the bottom quartile fall well below. However, Shiller PE Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. GN Store Nord AS's current Shiller PE Ratio of 12.97 is 51.5% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Shiller PE Ratio mean?
A high Shiller PE Ratio can signal that a stock is expensive relative to its fundamentals. Shiller price-earnings ratio is the ratio of share price to a company's inflation-adjusted earnings over a 10-year period. View historical data on GN Store Nord AS and its competitors. For the Medical Devices & Instruments industry, the median Shiller PE Ratio is 26.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. GN Store Nord AS's current Shiller PE Ratio is 12.97, which is 67% below median its own 10-year median of 39.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is GN Store Nord AS stock overvalued right now?
Based on GuruFocus' analysis, GN Store Nord AS (GGNDF) is currently considered Fairly Valued. The stock's GF Value™ is $14.33, compared to a current price of $15.31 — trading 6.8% above its estimated fair value. The current Shiller PE Ratio is 12.97, which is 67% below median its 10-year median of 39.49 and 51.5% below the Medical Devices & Instruments industry median of 26.73. GN Store Nord AS's overall GF Score™ is 67/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Shiller PE Ratio calculated?
Shiller PE Ratio is calculated from a company's financial statements. For GN Store Nord AS (GGNDF), the current Shiller PE Ratio is 12.97 as of Aug. 31, 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 GN Store Nord AS (GGNDF) Overvalued in 2026?

Based on GuruFocus' analysis, GN Store Nord AS stock appears to be overvalued. The current stock price of $15.31 is trading 6.8% above its estimated GF Value™ of $14.33. GuruFocus considers GN Store Nord AS to be Fairly Valued.

Key valuation signals for GGNDF:

  • Shiller PE Ratio: 12.97 (67% below median its 10-year median of 39.49)
  • GF Value™: $14.33 vs. price of $15.31 (6.8% above fair value)
  • GF Score™: 67/100 with 6 warning signs
  • Industry Position: 51.5% below the Medical Devices & Instruments median (#58 of 312)

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


GN Store Nord AS Business Description

Address Lautrupbjerg 7, Ballerup, DNK, 2750
GN Store Nord is a Danish company offering medical and audio solutions. The group comprises three businesses: hearing (about 40% of sales), enterprise (40%), and gaming (20%). GN Hearing offers hearing aids and competes globally with Sonova, Demant, Starkey, and WS Audiology (formerly Sivantos and Widex). GN Enterprise provides headsets and speakerphones to the enterprise market, including contact centers and offices. GN recently acquired SteelSeries, a provider of gaming accessories such as headsets and keyboards, thereby forming the gaming division. The company has positioned itself as a major player in the Unified Communication-enabled headsets market. The firm's premium brands are Resound in hearing, Jabra in headsets, and SteelSeries in gaming.
67GF Score

Get the complete analysis for GGNDF

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

$15.31
Price
$14.33
GF Value