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Harboes Bryggeri A/S (OCSE:HARB B) E10 : kr2.39 (As of Jan. 2024)


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What is Harboes Bryggeri A/S 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.

Harboes Bryggeri A/S's adjusted earnings per share data for the three months ended in Jan. 2024 was kr2.291. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is kr2.39 for the trailing ten years ended in Jan. 2024.

During the past 12 months, Harboes Bryggeri A/S's average E10 Growth Rate was -28.80% 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.

As of today (2024-05-24), Harboes Bryggeri A/S's current stock price is kr142.50. Harboes Bryggeri A/S's E10 for the quarter that ended in Jan. 2024 was kr2.39. Harboes Bryggeri A/S's Shiller PE Ratio of today is 59.62.

During the past 13 years, the highest Shiller PE Ratio of Harboes Bryggeri A/S was 56.54. The lowest was 10.59. And the median was 18.27.


Harboes Bryggeri A/S E10 Historical Data

The historical data trend for Harboes Bryggeri A/S'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.

Harboes Bryggeri A/S E10 Chart

Harboes Bryggeri A/S Annual Data
Trend Apr14 Apr15 Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 5.48 4.36 3.17

Harboes Bryggeri A/S Quarterly Data
Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Jul20 Oct20 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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 3.33 3.17 3.54 2.56 2.39

Competitive Comparison of Harboes Bryggeri A/S's E10

For the Beverages - Brewers subindustry, Harboes Bryggeri A/S'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.


Harboes Bryggeri A/S's Shiller PE Ratio Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Harboes Bryggeri A/S's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Harboes Bryggeri A/S's Shiller PE Ratio falls into.



Harboes Bryggeri A/S 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, Harboes Bryggeri A/S's adjusted earnings per share data for the three months ended in Jan. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Jan. 2024 (Change)*Current CPI (Jan. 2024)
=2.291/117.8000*117.8000
=2.291

Current CPI (Jan. 2024) = 117.8000.

Harboes Bryggeri A/S Quarterly Data

per share eps CPI Adj_EPS
201110 2.122 96.400 2.593
201201 0.473 96.700 0.576
201204 -2.830 98.300 -3.391
201207 2.250 98.200 2.699
201210 0.779 98.700 0.930
201301 -0.499 97.900 -0.600
201304 -1.990 99.100 -2.366
201307 1.360 98.800 1.622
201310 0.767 99.300 0.910
201401 -0.871 98.900 -1.037
201404 0.730 99.800 0.862
201407 2.400 99.500 2.841
201410 1.212 99.800 1.431
201501 0.440 98.800 0.525
201504 0.820 100.300 0.963
201507 3.460 100.200 4.068
201510 1.069 100.100 1.258
201604 3.040 100.300 3.570
201610 5.490 100.400 6.441
201704 1.420 101.400 1.650
201710 1.510 101.900 1.746
201804 -1.450 102.200 -1.671
201810 2.230 102.700 2.558
201904 -5.140 103.200 -5.867
201910 -1.730 103.300 -1.973
202004 -5.620 103.200 -6.415
202007 0.660 104.000 0.748
202010 0.870 103.700 0.988
202104 -0.300 104.700 -0.338
202107 2.258 105.700 2.516
202110 0.580 106.800 0.640
202201 -4.226 108.100 -4.605
202204 1.394 111.700 1.470
202207 -0.809 114.900 -0.829
202210 -2.600 117.600 -2.604
202301 0.259 116.400 0.262
202304 2.124 117.600 2.128
202307 4.865 118.500 4.836
202310 2.440 117.700 2.442
202401 2.291 117.800 2.291

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


Harboes Bryggeri A/S  (OCSE:HARB B) 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.

Harboes Bryggeri A/S's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=142.50/2.39
=59.62

* 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 Harboes Bryggeri A/S was 56.54. The lowest was 10.59. And the median was 18.27.


Be Aware

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


Harboes Bryggeri A/S E10 Related Terms

Thank you for viewing the detailed overview of Harboes Bryggeri A/S's E10 provided by GuruFocus.com. Please click on the following links to see related term pages.


Harboes Bryggeri A/S (OCSE:HARB B) Business Description

Traded in Other Exchanges
Address
Spegerborgvej 34, Skælskør, DNK, 4230
Harboes Bryggeri A/S is a Denmark-based company which is engaged in the production and sale of alcoholic and non-alcoholic beverages. The product portfolio of the company includes beer, soft drinks, non-alcoholic malt and dark malt, energy drinks, juices, ciders, water, and others. Harboes has its presence in Denmark, Germany, and other countries. The majority of the company's revenue comes from Germany.

Harboes Bryggeri A/S (OCSE:HARB B) Headlines

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