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Stanbic IBTC Holdings (NSA:STANBIC) E10 : ₦5.89 (As of Mar. 2024)


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What is Stanbic IBTC Holdings 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.

Stanbic IBTC Holdings's adjusted earnings per share data for the three months ended in Mar. 2024 was ₦3.450. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₦5.89 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Stanbic IBTC Holdings's average E10 Growth Rate was 23.50% 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.

As of today (2024-06-09), Stanbic IBTC Holdings's current stock price is ₦52.20. Stanbic IBTC Holdings's E10 for the quarter that ended in Mar. 2024 was ₦5.89. Stanbic IBTC Holdings's Shiller PE Ratio of today is 8.86.

During the past 13 years, the highest Shiller PE Ratio of Stanbic IBTC Holdings was 15.48. The lowest was 6.32. And the median was 9.43.


Stanbic IBTC Holdings E10 Historical Data

The historical data trend for Stanbic IBTC Holdings'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.

Stanbic IBTC Holdings E10 Chart

Stanbic IBTC Holdings 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 - - 3.84 4.51 5.51

Stanbic IBTC Holdings 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 4.77 5.04 5.34 5.51 5.89

Competitive Comparison of Stanbic IBTC Holdings's E10

For the Banks - Regional subindustry, Stanbic IBTC Holdings'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.


Stanbic IBTC Holdings's Shiller PE Ratio Distribution in the Banks Industry

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

* The bar in red indicates where Stanbic IBTC Holdings's Shiller PE Ratio falls into.



Stanbic IBTC Holdings 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, Stanbic IBTC Holdings'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)
=3.45/131.7762*131.7762
=3.450

Current CPI (Mar. 2024) = 131.7762.

Stanbic IBTC Holdings Quarterly Data

per share eps CPI Adj_EPS
201406 0.771 100.560 1.010
201409 0.719 100.428 0.943
201412 0.725 99.070 0.964
201503 0.300 99.621 0.397
201506 0.388 100.684 0.508
201509 0.256 100.392 0.336
201512 0.384 99.792 0.507
201603 0.587 100.470 0.770
201606 0.134 101.688 0.174
201609 0.763 101.861 0.987
201612 0.626 101.863 0.810
201703 1.329 102.862 1.703
201706 0.643 103.349 0.820
201709 1.114 104.136 1.410
201712 0.849 104.011 1.076
201803 1.911 105.290 2.392
201806 1.629 106.317 2.019
201809 1.371 106.507 1.696
201812 1.123 105.998 1.396
201903 1.551 107.251 1.906
201906 1.380 108.070 1.683
201909 1.534 108.329 1.866
201912 1.534 108.420 1.864
202003 1.637 108.902 1.981
202006 1.757 108.767 2.129
202009 1.569 109.815 1.883
202012 0.386 109.897 0.463
202103 0.820 111.754 0.967
202106 0.586 114.631 0.674
202109 1.290 115.734 1.469
202112 1.270 117.630 1.423
202203 1.110 121.301 1.206
202206 1.150 125.017 1.212
202209 1.830 125.227 1.926
202212 1.920 125.222 2.020
202303 2.160 127.348 2.235
202306 2.960 128.729 3.030
202309 3.130 129.860 3.176
202312 2.370 129.419 2.413
202403 3.450 131.776 3.450

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


Stanbic IBTC Holdings  (NSA:STANBIC) 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.

Stanbic IBTC Holdings's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=52.20/5.89
=8.86

* 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 Stanbic IBTC Holdings was 15.48. The lowest was 6.32. And the median was 9.43.


Be Aware

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


Stanbic IBTC Holdings E10 Related Terms

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


Stanbic IBTC Holdings (NSA:STANBIC) Business Description

Traded in Other Exchanges
N/A
Address
Walter Carrington Crescent, IBTC Place, P.O. Box 71707, Victoria Island, Lagos, NGA
Stanbic IBTC Holdings PLC provides banking services. The company's operating segment includes Business and Commercial Clients; Wholesale Clients and Consumer and High Net Worth Clients. It generates maximum revenue from the Consumer and High Net Worth Clients segment. The Consumer and High Net Worth (CHNW) client segment is responsible for the end-to-end lifecycle of clients.

Stanbic IBTC Holdings (NSA:STANBIC) Headlines

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