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Bank of Baroda (NSE:BANKBARODA) E10 : ₹8.96 (As of Mar. 2024)


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What is Bank of Baroda 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 Baroda's adjusted earnings per share data for the fiscal year that ended in Mar. 2024 was ₹36.290. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₹8.96 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Bank of Baroda's average E10 Growth Rate was 52.60% per year. During the past 3 years, the average E10 Growth Rate was -1.70% per year. During the past 5 years, the average E10 Growth Rate was -14.20% per year. During the past 10 years, the average E10 Growth Rate was -11.40% 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 Baroda was -1.20% per year. The lowest was -24.20% per year. And the median was -9.10% per year.

As of today (2024-05-19), Bank of Baroda's current stock price is ₹ 261.40. Bank of Baroda's E10 for the fiscal year that ended in Mar. 2024 was ₹8.96. Bank of Baroda's Shiller PE Ratio of today is 29.17.

During the past 13 years, the highest Shiller PE Ratio of Bank of Baroda was 32.69. The lowest was 2.90. And the median was 8.87.


Bank of Baroda E10 Historical Data

The historical data trend for Bank of Baroda'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 Baroda E10 Chart

Bank of Baroda Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 12.90 9.42 6.62 5.88 8.96

Bank of Baroda 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 5.88 - - - 8.96

Competitive Comparison of Bank of Baroda's E10

For the Banks - Regional subindustry, Bank of Baroda'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 Baroda's Shiller PE Ratio Distribution in the Banks Industry

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

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



Bank of Baroda 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 Baroda's adjusted earnings per share data for the fiscal year that ended in Mar. 2024 was:

Adj_EPS=Earnings per Share (Diluted) /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=36.29/153.0345*153.0345
=36.290

Current CPI (Mar. 2024) = 153.0345.

Bank of Baroda Annual Data

per_share_eps CPI Adj_EPS
201503 18.220 97.163 28.697
201603 -22.440 102.518 -33.497
201703 7.880 105.196 11.463
201803 -8.170 109.786 -11.388
201903 3.580 118.202 4.635
202003 2.320 124.705 2.847
202103 3.320 131.771 3.856
202203 15.180 138.822 16.734
202303 28.820 146.865 30.031
202403 36.290 153.035 36.290

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


Bank of Baroda  (NSE:BANKBARODA) 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 Baroda's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=261.40/8.96
=29.17

* 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 Baroda was 32.69. The lowest was 2.90. And the median was 8.87.


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 Baroda E10 Related Terms

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


Bank of Baroda (NSE:BANKBARODA) Business Description

Traded in Other Exchanges
Address
Baroda Bhavan, R.C. Dutt Road, 7th Floor, Alkapuri, Vadodara, GJ, IND, 390 007
Bank of Baroda is a state-owned banking and financial services company in India. The company provides personal banking, corporate banking, international banking, small and medium enterprise banking, rural banking, non-resident Indian services and treasury services. The bank provides service to an international customer base with branches in 24 countries. The bank focuses on meeting the capital needs of its clients by providing loan services. The company also provides a banking system that emphasizes Internet and mobile banking. Organizationally, the bank is divided into four segments: Treasury, Corporate/Wholesale Banking, Retail Banking, and Other Banking Operations.

Bank of Baroda (NSE:BANKBARODA) Headlines

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