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Skanska AB (FRA:SKNB) E10 : €1.50 (As of Dec. 2024)


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What is Skanska AB 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.

Skanska AB's adjusted earnings per share data for the three months ended in Dec. 2024 was €0.489. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €1.50 for the trailing ten years ended in Dec. 2024.

During the past 12 months, Skanska AB's average E10 Growth Rate was 1.40% per year. During the past 3 years, the average E10 Growth Rate was 8.70% per year. During the past 5 years, the average E10 Growth Rate was 8.20% 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 Skanska AB was 10.80% per year. The lowest was 5.60% per year. And the median was 8.50% per year.

As of today (2025-04-28), Skanska AB's current stock price is €19.10. Skanska AB's E10 for the quarter that ended in Dec. 2024 was €1.50. Skanska AB's Shiller PE Ratio of today is 12.73.

During the past 13 years, the highest Shiller PE Ratio of Skanska AB was 19.98. The lowest was 8.60. And the median was 14.39.


Skanska AB E10 Historical Data

The historical data trend for Skanska AB'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.

Skanska AB E10 Chart

Skanska AB 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 1.35 1.32 1.49 1.57 1.50

Skanska AB 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 1.57 1.51 1.53 1.53 1.50

Competitive Comparison of Skanska AB's E10

For the Engineering & Construction subindustry, Skanska 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.


Skanska AB's Shiller PE Ratio Distribution in the Construction Industry

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

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


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Skanska AB 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, Skanska AB'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)
=0.489/132.9872*132.9872
=0.489

Current CPI (Dec. 2024) = 132.9872.

Skanska AB Quarterly Data

per share eps CPI Adj_EPS
201503 0.127 99.950 0.169
201506 0.304 99.995 0.404
201509 0.142 100.228 0.188
201512 0.672 100.276 0.891
201603 0.053 100.751 0.070
201606 0.621 101.019 0.818
201609 0.207 101.138 0.272
201612 0.580 102.022 0.756
201703 0.351 102.022 0.458
201706 0.124 102.752 0.160
201709 0.262 103.279 0.337
201712 0.289 103.793 0.370
201803 0.051 103.962 0.065
201806 0.274 104.875 0.347
201809 0.192 105.679 0.242
201812 0.562 105.912 0.706
201903 0.200 105.886 0.251
201906 0.372 106.742 0.463
201909 0.303 107.214 0.376
201912 0.508 107.766 0.627
202003 0.266 106.563 0.332
202006 0.565 107.498 0.699
202009 0.300 107.635 0.371
202012 1.170 108.296 1.437
202103 0.275 108.360 0.338
202106 0.547 108.928 0.668
202109 0.283 110.338 0.341
202112 0.517 112.486 0.611
202203 0.220 114.825 0.255
202206 0.401 118.384 0.450
202209 0.506 122.296 0.550
202212 0.715 126.365 0.752
202303 0.127 127.042 0.133
202306 0.402 129.407 0.413
202309 0.165 130.224 0.169
202312 0.358 131.912 0.361
202403 0.103 132.205 0.104
202406 0.363 132.716 0.364
202409 0.223 132.304 0.224
202412 0.489 132.987 0.489

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


Skanska AB  (FRA:SKNB) 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.

Skanska AB's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=19.10/1.50
=12.73

* 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 Skanska AB was 19.98. The lowest was 8.60. And the median was 14.39.


Be Aware

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


Skanska AB E10 Related Terms

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


Skanska AB Business Description

Address
Warfvinges vag 25, Stockholm, SWE, 112 74
Skanska AB is one of the world's construction and project development companies. It develops properties and structures in the Nordic region, North America, and elsewhere. The company uses its skills and expertise to develop highways, bridges, mass transit, houses, and logistic centers. Skanska operates in business segments: construction (the majority of total revenue), residential development, Investment Properties, and commercial property development. The majority of revenue derives from Sweden.

Skanska AB Headlines

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