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Croghan Bancshares (Croghan Bancshares) E10 : $6.03 (As of Mar. 2024)


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What is Croghan Bancshares 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.

Croghan Bancshares's adjusted earnings per share data for the three months ended in Mar. 2024 was $1.400. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $6.03 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Croghan Bancshares's average E10 Growth Rate was 4.10% per year. During the past 3 years, the average E10 Growth Rate was 11.20% per year. During the past 5 years, the average E10 Growth Rate was 11.50% per year. During the past 10 years, the average E10 Growth Rate was 7.80% 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.

During the past 13 years, the highest 3-Year average E10 Growth Rate of Croghan Bancshares was 24.90% per year. The lowest was 0.20% per year. And the median was 5.40% per year.

As of today (2024-04-30), Croghan Bancshares's current stock price is $45.52. Croghan Bancshares's E10 for the quarter that ended in Mar. 2024 was $6.03. Croghan Bancshares's Shiller PE Ratio of today is 7.55.

During the past 13 years, the highest Shiller PE Ratio of Croghan Bancshares was 17.38. The lowest was 7.50. And the median was 12.02.


Croghan Bancshares E10 Historical Data

The historical data trend for Croghan Bancshares'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.

Croghan Bancshares E10 Chart

Croghan Bancshares 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 3.93 4.37 5.05 5.65 6.01

Croghan Bancshares 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 5.79 5.89 5.98 6.01 6.03

Competitive Comparison of Croghan Bancshares's E10

For the Banks - Regional subindustry, Croghan Bancshares'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.


Croghan Bancshares's Shiller PE Ratio Distribution in the Banks Industry

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

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



Croghan Bancshares 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, Croghan Bancshares's adjusted earnings per share data for the three months ended in Mar. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=1.4/129.4194*129.4194
=1.400

Current CPI (Mar. 2024) = 129.4194.

Croghan Bancshares Quarterly Data

per share eps CPI Adj_EPS
201406 0.978 100.560 1.259
201409 0.989 100.428 1.275
201412 0.850 99.070 1.110
201503 0.940 99.621 1.221
201506 0.862 100.684 1.108
201509 0.963 100.392 1.241
201512 0.910 99.792 1.180
201603 1.040 100.470 1.340
201606 0.968 101.688 1.232
201609 0.956 101.861 1.215
201612 1.010 101.863 1.283
201703 1.020 102.862 1.283
201706 1.140 103.349 1.428
201709 1.182 104.136 1.469
201712 1.143 104.011 1.422
201803 1.290 105.290 1.586
201806 1.408 106.317 1.714
201809 1.298 106.507 1.577
201812 1.260 105.998 1.538
201903 1.200 107.251 1.448
201906 1.290 108.070 1.545
201909 1.648 108.329 1.969
201912 1.387 108.420 1.656
202003 1.313 108.902 1.560
202006 1.454 108.767 1.730
202009 1.658 109.815 1.954
202012 1.700 109.897 2.002
202103 1.685 111.754 1.951
202106 1.749 114.631 1.975
202109 1.881 115.734 2.103
202112 1.560 117.630 1.716
202203 1.541 121.301 1.644
202206 1.507 125.017 1.560
202209 1.728 125.227 1.786
202212 1.640 125.222 1.695
202303 1.440 127.348 1.463
202306 1.349 128.729 1.356
202309 1.229 129.860 1.225
202312 1.040 129.419 1.040
202403 1.400 129.419 1.400

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


Croghan Bancshares  (OTCPK:CHBH) 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.

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

Shiller PE Ratio=Share Price/E10
=45.52/6.03
=7.55

* 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 Croghan Bancshares was 17.38. The lowest was 7.50. And the median was 12.02.


Be Aware

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


Croghan Bancshares E10 Related Terms

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


Croghan Bancshares (Croghan Bancshares) Business Description

Traded in Other Exchanges
N/A
Address
323 Croghan Street, Fremont, OH, USA, 43420
Croghan Bancshares Inc operates as a bank holding company. It operates in one segment, Commercial Banking. The company offers a diverse range of commercial and retail banking services through its banking centers. Its products are comprised of traditional banking services such as consumer, commercial, agricultural, and real estate loans, personal and business checking accounts, savings accounts, time deposit accounts, safe deposit box services and trust department services.
Executives
James E Bowlus director 460 KINGSGATE DRIVE, FREMONT OH 43420
Barry F Luse officer: Vice President/Trust Officer 1927 ROBERT AVENUE, FREMONT OH 43420
Claire F Johansen director 5600 SOUTH CR 19, TIFFIN OH 44883
Allen Michael D Sr director 5639 SR 113, BELLEVUE OH 44811
James R Faist director 119 CANTERBURY DRIVE, FREMONT OH 43420
Kendall W Rieman officer: Vice President/CFO and COO 3339 CR 223, FREMONT OH 43420
Rick M Robertson director, officer: President and CEO 1687 TOMAHAWK TRACE, FREMONT OH 43420
Stephen A Kemper director 455 WEST MAIN STREET, BELLEVUE OH 44811
Daniel W Lease director 2276 EAST STATE STREET, FREMONT OH 43420
Allan E Mehlow director 2569 FANGBONER ROAD, FREMONT OH 43420
Thomas W Mclaughlin director 2221 COLE CREEK DRIVE, NORWALK OH 44857
Elder Thomas J Jr officer: Vice President 3584 SOUTH LINKER PORTAGE ROAD, ELMORE OH 43416-9730
Claude E Young director 2242 SOUTH SR 19, GREEN SPRINGS OH 44836
John C Hoffman officer: Controller 1207 JUNE STREET, FREMONT OH 43420
Robert H Moyer director 519 SMITH ROAD, FREMONT OH 43420

Croghan Bancshares (Croghan Bancshares) Headlines

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