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Bank of New York Mellon (Bank of New York Mellon) E10 : $4.16 (As of Dec. 2023)


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What is Bank of New York Mellon 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.

Bank of New York Mellon's adjusted earnings per share data for the three months ended in Dec. 2023 was $0.330. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $4.16 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Bank of New York Mellon's average E10 Growth Rate was 7.80% per year. During the past 3 years, the average E10 Growth Rate was 9.10% per year. During the past 5 years, the average E10 Growth Rate was 11.00% per year. During the past 10 years, the average E10 Growth Rate was 9.00% 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 Bank of New York Mellon was 18.80% per year. The lowest was -6.70% per year. And the median was 8.50% per year.

As of today (2024-04-27), Bank of New York Mellon's current stock price is $57.32. Bank of New York Mellon's E10 for the quarter that ended in Dec. 2023 was $4.16. Bank of New York Mellon's Shiller PE Ratio of today is 13.78.

During the past 13 years, the highest Shiller PE Ratio of Bank of New York Mellon was 28.22. The lowest was 9.63. And the median was 17.16.


Bank of New York Mellon E10 Historical Data

The historical data trend for Bank of New York Mellon'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.

Bank of New York Mellon E10 Chart

Bank of New York Mellon Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.02 3.20 3.59 3.86 4.16

Bank of New York Mellon Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 4.06 4.14 4.19 4.16 -

Competitive Comparison of Bank of New York Mellon's E10

For the Asset Management subindustry, Bank of New York Mellon'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.


Bank of New York Mellon's Shiller PE Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Bank of New York Mellon's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Bank of New York Mellon's Shiller PE Ratio falls into.



Bank of New York Mellon 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, Bank of New York Mellon's adjusted earnings per share data for the three months ended in Dec. 2023 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=0.33/129.4194*129.4194
=0.330

Current CPI (Dec. 2023) = 129.4194.

Bank of New York Mellon Quarterly Data

per share eps CPI Adj_EPS
201403 0.570 99.695 0.740
201406 0.480 100.560 0.618
201409 0.930 100.428 1.198
201412 0.180 99.070 0.235
201503 0.670 99.621 0.870
201506 0.730 100.684 0.938
201509 0.740 100.392 0.954
201512 0.570 99.792 0.739
201603 0.730 100.470 0.940
201606 0.750 101.688 0.955
201609 0.900 101.861 1.143
201612 0.770 101.863 0.978
201703 0.830 102.862 1.044
201706 0.880 103.349 1.102
201709 0.940 104.136 1.168
201712 1.080 104.011 1.344
201803 1.100 105.290 1.352
201806 1.030 106.317 1.254
201809 1.060 106.507 1.288
201812 0.840 105.998 1.026
201903 0.940 107.251 1.134
201906 1.010 108.070 1.210
201909 1.070 108.329 1.278
201912 1.520 108.420 1.814
202003 1.050 108.902 1.248
202006 1.010 108.767 1.202
202009 0.980 109.815 1.155
202012 0.790 109.897 0.930
202103 0.970 111.754 1.123
202106 1.130 114.631 1.276
202109 1.040 115.734 1.163
202112 1.010 117.630 1.111
202203 0.860 121.301 0.918
202206 1.030 125.017 1.066
202209 0.390 125.227 0.403
202212 0.620 125.222 0.641
202303 1.120 127.348 1.138
202306 1.300 128.729 1.307
202309 1.220 129.860 1.216
202312 0.330 129.419 0.330

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


Bank of New York Mellon  (NYSE:BK) 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.

Bank of New York Mellon's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=57.32/4.16
=13.78

* 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 Bank of New York Mellon was 28.22. The lowest was 9.63. And the median was 17.16.


Be Aware

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


Bank of New York Mellon E10 Related Terms

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


Bank of New York Mellon (Bank of New York Mellon) Business Description

Address
240 Greenwich Street, New York, NY, USA, 10286
BNY Mellon is a global investment company involved in managing and servicing financial assets throughout the investment lifecycle. The bank provides financial services for institutions, corporations, and individual investors and delivers investment management and investment services in 35 countries and more than 100 markets. BNY Mellon is the largest global custody bank in the world, with about $44.3 trillion in under custody and administration (as of Dec. 31, 2022), and can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute, or restructure investments. BNY Mellon's asset-management division manages about $1.8 trillion in assets.
Executives
Catherine Keating officer: Sr. Exec. Vice President 75 STATE ST, BOSTON MA 02109
Hanneke Smits officer: Sr. Exec. Vice President 160 QUEEN VICTORIA STREET, THE BANK OF NEW YORK MELLON CENTRE, LONDON X0 EC4V 4LA
Jayee Koffey officer: Sr. Exec. Vice President 240 GREENWICH STREET, NEW YORK NY 10286
Kurtis R. Kurimsky officer: Acting Controller 225 LIBERTY STREET, NEW YORK NY 10286
J Kevin Mccarthy director, officer: SEVP & General Counsel THE BANK OF NEW YORK MELLON CORPORATION, 225 LIBERTY STREET, NEW YORK NY 10286
Dermot Mcdonogh officer: Sr. Executive Vice President 240 GREENWICH STREET, NEW YORK NY 10286
Thomas P Gibbons officer: Sr. Executive Vice President THE BANK OF NEW YORK MELLON CORPORATION, 225 LIBERTY STREET, NEW YORK NY 10286
Sandie O'connor director C/O TEREX CORPORATION, 200 NYALA FARM ROAD, WESTPORT CT 06880
La Salla Francis J. officer: Sr. Executive Vice President 101 BARCLAY STREET, NEW YORK NY 10286
Jeffrey D Landau officer: Sr. Exec Vice President 200 PARK AVENUE, NEW YORK NY 10166
Marguerite Amy Gilliland director 2941 FAIRVIEW PARK DRIVE, FALLS CHURCH VA 22042
Kumara Guru Gowrappan director 1095 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Robin A. Vince officer: Vice Chair 240 GREENWICH STREET, `, NEW YORK NY 10286
Ralph Izzo director PSEG 80 PARK PLAZA, T6B NEWARK NJ 07102-4194
Mitchell E. Harris officer: Sr. Executive Vice President 225 LIBERTY STREET, NEW YORK NY 10286