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BNCCORP (BNCCORP) E10 : $4.06 (As of Dec. 2023)


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What is BNCCORP 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.

BNCCORP's adjusted earnings per share data for the three months ended in Dec. 2023 was $0.600. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $4.06 for the trailing ten years ended in Dec. 2023.

During the past 12 months, BNCCORP's average E10 Growth Rate was 0.20% per year. During the past 3 years, the average E10 Growth Rate was 30.70% per year. During the past 5 years, the average E10 Growth Rate was 64.60% 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 BNCCORP was 110.60% per year. The lowest was -43.60% per year. And the median was 30.70% per year.

As of today (2024-04-30), BNCCORP's current stock price is $21.35. BNCCORP's E10 for the quarter that ended in Dec. 2023 was $4.06. BNCCORP's Shiller PE Ratio of today is 5.26.

During the past 13 years, the highest Shiller PE Ratio of BNCCORP was 890.00. The lowest was 5.05. And the median was 56.36.


BNCCORP E10 Historical Data

The historical data trend for BNCCORP'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.

BNCCORP E10 Chart

BNCCORP 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 0.59 1.82 4.39 4.05 4.06

BNCCORP Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 4.05 4.03 4.01 4.08 4.06

Competitive Comparison of BNCCORP's E10

For the Banks - Regional subindustry, BNCCORP'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.


BNCCORP's Shiller PE Ratio Distribution in the Banks Industry

For the Banks industry and Financial Services sector, BNCCORP's Shiller PE Ratio distribution charts can be found below:

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



BNCCORP 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, BNCCORP'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)
=0.6/129.4194*129.4194
=0.600

Current CPI (Dec. 2023) = 129.4194.

BNCCORP Quarterly Data

per share eps CPI Adj_EPS
201403 0.410 99.695 0.532
201406 0.500 100.560 0.643
201409 0.430 100.428 0.554
201412 0.570 99.070 0.745
201503 0.780 99.621 1.013
201506 0.520 100.684 0.668
201509 0.400 100.392 0.516
201512 0.460 99.792 0.597
201603 0.400 100.470 0.515
201606 0.580 101.688 0.738
201609 0.640 101.861 0.813
201612 0.410 101.863 0.521
201703 0.300 102.862 0.377
201706 0.410 103.349 0.513
201709 0.580 104.136 0.721
201712 0.090 104.011 0.112
201803 0.680 105.290 0.836
201806 0.600 106.317 0.730
201809 0.300 106.507 0.365
201812 0.350 105.998 0.427
201903 0.400 107.251 0.483
201906 0.750 108.070 0.898
201909 1.300 108.329 1.553
201912 0.430 108.420 0.513
202003 1.210 108.902 1.438
202006 3.970 108.767 4.724
202009 3.840 109.815 4.526
202012 3.490 109.897 4.110
202103 2.730 111.754 3.162
202106 1.170 114.631 1.321
202109 1.320 115.734 1.476
202112 0.930 117.630 1.023
202203 0.410 121.301 0.437
202206 0.560 125.017 0.580
202209 0.430 125.227 0.444
202212 0.410 125.222 0.424
202303 0.410 127.348 0.417
202306 0.160 128.729 0.161
202309 0.420 129.860 0.419
202312 0.600 129.419 0.600

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


BNCCORP  (OTCPK:BNCC) 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.

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

Shiller PE Ratio=Share Price/E10
=21.35/4.06
=5.26

* 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 BNCCORP was 890.00. The lowest was 5.05. And the median was 56.36.


Be Aware

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


BNCCORP E10 Related Terms

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


BNCCORP (BNCCORP) Business Description

Traded in Other Exchanges
N/A
Address
322 East Main Avenue, P.O. Box 4050, Bismarck, ND, USA, 58501
BNCCORP Inc is a bank holding company. The company operates in three segments: Community Banking, Mortgage Banking, and Holding company. It generates the majority of its revenue from the Community banking segment, which provides business & personal loans, commercial real estate loans, SBA loans, business & personal checking, saving products, cash management, wealth management, and retirement plan administration.
Executives
Bradley D Bonga director C/O BNCCORP, INC, 322 EAST MAIN STREET, BISMARCK ND 58501
Jerry R Woodcox director
Stephen H Roman director 322 EAST MAIN AVENUE, BISMARCK ND 58501
Timothy J Franz officer: Chief Financial Officer 322 EAST MAIN AVENUE, BISMARCK ND 58501
Johnsen Richard M Jr director
Gaylen A Ghylin director 322 EAST MAIN AVENUE, BISMARCK ND 58501
E Thomas Welch director, officer: Pres-BNC Natl Bank-Minnesota 11925 ST. ALBANS HOLLOW DRIVE, MINNETONKA MN 55305
Mark W Sheffert director 4700 IDS CENTER, 80 SOUTH 8TH STREET, MINNEAPOLIS MN 55402
Mark E Peiler officer: Chief Investment Officer
Dave Hoekstra officer: Chief Credit Officer 322 EAST MAIN AVENUE, BISMARCK ND 58501
Shawn Cleveland Goll officer: Chief Operating Officer
Neil M Brozen officer: SVP Trust & Financial Services 322 EAST MAIN AVENUE, BISMARCK ND 58501
Mark A Litton officer: Chief Credit Officer 322 EAST MAIN AVENUE, BISMARCK ND 58501
Jerry D Renk officer: President - North Dakota 322 EAST MAIN AVENUE, BISMARCK ND 58501
David A Zelinsky officer: President - Minnesota 322 EAST MAIN AVENUE, BISMARCK ND 58501