Afry AB (OSTO:AFRY) Shiller PE Ratio: (As of Sep. 22, 2026)

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.

OSTO:AFRY Afry AB OSTO:AFRY
75 GF Score
Price kr99.70
GF Value kr146.80
Valuation Possible Value Trap
! 5 Warning Signs
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What is Afry AB Shiller PE Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Afry AB  (OSTO:AFRY) 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.


Afry AB Shiller PE Ratio Related Terms


Afry AB Shiller PE Ratio Historical Data

* Premium members only.

The historical data trend for Afry AB'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.

Afry AB Shiller PE Ratio Chart

Afry AB 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 31.40 18.14 13.92 14.82 14.70

Afry AB 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 15.12 15.47 14.48 12.31 10.16

OSTO:AFRY vs PWR, FIX, EME: Shiller PE Ratio Comparison

For the Engineering & Construction subindustry, Afry 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.


Afry AB Shiller PE Ratio vs Construction Industry

For the Construction industry and Industrials sector, Afry AB's Shiller PE Ratio distribution charts can be found below:

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


OSTO:AFRY
75GF Score
Afry AB OSTO:AFRY
Shiller PE Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Afry AB 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.

Afry AB's E10 for the quarter that ended in Jun. 2026 is calculated as:

For example, Afry 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)
=1.713/134.6100*134.6100
=1.713

Current CPI (Jun. 2026) = 134.6100.

Afry AB Quarterly Data

Earnings per Share (Diluted) CPI Adj_EPS
201609 1.407 101.138 1.872
201612 2.457 102.022 3.242
201703 2.315 102.022 3.054
201706 2.208 102.752 2.892
201709 0.997 103.279 1.299
201712 2.840 103.793 3.683
201803 2.535 103.962 3.283
201806 2.880 104.875 3.697
201809 1.593 105.679 2.029
201812 2.457 105.912 3.123
201903 2.249 105.886 2.859
201906 2.527 106.742 3.187
201909 1.644 107.214 2.064
201912 1.610 107.766 2.011
202003 2.439 106.563 3.081
202006 1.851 107.498 2.318
202009 1.268 107.635 1.586
202012 2.948 108.296 3.664
202103 2.529 108.360 3.142
202106 2.569 108.928 3.174
202109 2.180 110.338 2.659
202112 2.659 112.486 3.182
202203 1.969 114.825 2.309
202206 1.528 118.384 1.737
202209 1.589 122.296 1.749
202212 3.514 126.365 3.744
202303 3.850 127.042 4.079
202306 1.775 129.407 1.846
202309 1.316 130.224 1.360
202312 2.773 131.912 2.829
202403 3.135 132.205 3.192
202406 3.329 132.716 3.376
202409 1.316 132.304 1.339
202412 3.073 132.987 3.110
202503 2.208 132.825 2.237
202506 1.704 133.699 1.716
202509 1.210 133.480 1.220
202512 1.943 133.380 1.961
202603 2.119 133.550 2.136
202606 1.713 134.610 1.713

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.

Is Afry AB (OSTO:AFRY) Overvalued in 2026?

Based on GuruFocus' analysis, Afry AB stock appears to be undervalued. The current stock price of kr99.70 is trading 32.1% below its estimated GF Value™ of kr146.80. GuruFocus considers Afry AB to be Possible Value Trap.

Key valuation signals for OSTO:AFRY:

  • Shiller PE Ratio:
  • GF Value™: kr146.80 vs. price of kr99.70 (32.1% below fair value)
  • GF Score™: 75/100 with 5 warning signs

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


Afry AB Business Description

Address Frosundaleden 2, Solna, Stockholm, SWE, SE-169 99
Afry AB is an engineering and consulting firm with projects in energy, industrial, and infrastructure markets. The business divisions of the company includes Hydro, Nuclear, Thermal, Transmission & Distribution, Renewables & Energy Storage, and Management Consulting. It constructs plants and provides market analysis for power generation, manufacturing facilities, and refining chemicals.
75GF Score

Get the complete analysis for OSTO:AFRY

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

kr99.70
Price
kr146.80
GF Value