Storebrand ASA (OSL:STB) Forward PE Ratio : 10.16 (As of Apr. 27, 2024)

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What is Storebrand ASA Forward PE Ratio?

Storebrand ASA's Forward PE Ratio for today is 10.16.

Storebrand ASA's PE Ratio without NRI for today is 14.55.

Storebrand ASA's PE Ratio for today is 14.55.

Storebrand ASA Forward PE Ratio Historical Data

The historical data trend for Storebrand ASA's Forward 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.

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Storebrand ASA Forward PE Ratio Chart

Storebrand ASA Annual Data

Trend

2019-12

2020-12

2021-12

2022-12

2023-12

2024-04

Forward PE Ratio

12.80

10.58

13.68

13.89

8.66

10.16

Storebrand ASA Quarterly Data
	2019-12	2020-03	2020-06	2020-09	2020-12	2021-03	2021-06	2021-09	2021-12	2022-03	2022-06	2022-09	2022-12	2023-03	2023-06	2023-09	2023-12	2024-03
Forward PE Ratio	12.80	7.62	11.52	3.89	10.58	14.97	12.33	13.76	13.68	12.99	14.62	11.57	13.89	13.97	13.39	10.63	8.66	9.93

Competitive Comparison of Storebrand ASA's Forward PE Ratio

For the Financial Conglomerates subindustry, Storebrand ASA's Forward PE Ratio, along with its competitors' market caps and Forward 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.

Storebrand ASA's Forward PE Ratio Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Storebrand ASA's Forward PE Ratio distribution charts can be found below:

* The bar in red indicates where Storebrand ASA's Forward PE Ratio falls into.

Storebrand ASA Forward PE Ratio Calculation

It's a measure of the price-to-earnings ratio (PE Ratio) using forecasted earnings for the calculation. While the earnings used are just an estimate and are not as reliable as current earnings data, there is still benefit in estimated P/E analysis. The forecasted earnings used in the formula can either be for the next 12 months or for the next full-year fiscal period.

Storebrand ASA (OSL:STB) Forward PE Ratio Explanation

The Forward PE Ratio of a company is often used to compare current earnings to estimated future earnings, as well as gaining a clearer picture of what earnings will look like without charges and other accounting adjustments. If earnings are expected to grow in the future, the Forward PE Ratio will be lower than the current PE Ratio. This measure is also used to compare one company to another with a forward-looking focus.

Trailing PE Ratio relies on what is already done. It uses the current share price and divides by the total EPS (Basic) over the past 12 months. PE Ratio can be affected by Non Operating Income such as the sale of part of businesses. This may increase for the current year or quarter dramatically. But it cannot be repeated over and over. Therefore PE Ratio without NRI is a more accurate indication of valuation than PE Ratio .

Storebrand ASA Forward PE Ratio Related Terms

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Storebrand ASA (OSL:STB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Storebrand ASA (OSL:STB) » Definitions » Forward PE Ratio

Traded in Other Exchanges

SREDF:USA STBo:Sweden 0NO0:UK SKT:Germany

Address

Professor Kohts vei 9, P.O. Box 474, Lysaker, NOR, N-1327

Website

https://www.storebrand.no

Storebrand ASA is a Nordic long-term savings and insurance company. The business is divided into nonguaranteed savings, insurance, and guaranteed pensions. The savings segment includes products for retirement savings with no interest rate guarantees. The segment consists of defined contribution pensions in Norway and Sweden, asset management, and retail banking products. The insurance segment provides risk products in Norway and Sweden. It provides health, property & casualty, personal risk products, and employee-related & pension-related insurance. The Guaranteed Pension business area encompasses long-term pension savings products that give customers a guaranteed rate of return.