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PKO Bank Polski (PKO Bank Polski) E10 : $0.86 (As of Mar. 2024)


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What is PKO Bank Polski 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.

PKO Bank Polski's adjusted earnings per share data for the three months ended in Mar. 2024 was $0.405. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $0.86 for the trailing ten years ended in Mar. 2024.

During the past 12 months, PKO Bank Polski's average E10 Growth Rate was 5.50% per year. During the past 3 years, the average E10 Growth Rate was 9.70% per year. During the past 5 years, the average E10 Growth Rate was 2.70% 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 PKO Bank Polski was 9.70% per year. The lowest was -4.30% per year. And the median was -0.10% per year.

As of today (2024-06-14), PKO Bank Polski's current stock price is $14.50. PKO Bank Polski's E10 for the quarter that ended in Mar. 2024 was $0.86. PKO Bank Polski's Shiller PE Ratio of today is 16.86.

During the past 13 years, the highest Shiller PE Ratio of PKO Bank Polski was 19.16. The lowest was 6.65. And the median was 13.68.


PKO Bank Polski E10 Historical Data

The historical data trend for PKO Bank Polski'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.

PKO Bank Polski E10 Chart

PKO Bank Polski 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 0.98 0.62 0.67 1.11 0.33

PKO Bank Polski 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 0.57 0.45 0.49 0.33 0.86

Competitive Comparison of PKO Bank Polski's E10

For the Banks - Regional subindustry, PKO Bank Polski'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.


PKO Bank Polski's Shiller PE Ratio Distribution in the Banks Industry

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

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



PKO Bank Polski 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, PKO Bank Polski'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)
=0.405/149.0435*149.0435
=0.405

Current CPI (Mar. 2024) = 149.0435.

PKO Bank Polski Quarterly Data

per share eps CPI Adj_EPS
201406 0.168 101.180 0.247
201409 0.173 100.611 0.256
201412 0.141 100.122 0.210
201503 0.128 100.041 0.191
201506 0.138 100.448 0.205
201509 0.161 99.634 0.241
201512 0.089 99.471 0.133
201603 0.126 98.983 0.190
201606 0.173 99.552 0.259
201609 0.151 99.064 0.227
201612 0.119 100.366 0.177
201703 0.104 101.018 0.153
201706 0.170 101.180 0.250
201709 0.178 101.343 0.262
201712 0.161 102.564 0.234
201803 0.151 102.564 0.219
201806 0.185 103.378 0.267
201809 0.205 103.378 0.296
201812 0.198 103.785 0.284
201903 0.170 104.274 0.243
201906 0.240 105.983 0.338
201909 0.247 105.983 0.347
201912 0.054 107.123 0.075
202003 0.099 109.076 0.135
202006 0.158 109.402 0.215
202009 0.141 109.320 0.192
202012 -0.904 109.565 -1.230
202103 0.232 112.658 0.307
202106 0.245 113.960 0.320
202109 0.249 115.588 0.321
202112 0.237 119.088 0.297
202203 0.282 125.031 0.336
202206 0.084 131.705 0.095
202209 -0.049 135.531 -0.054
202212 0.338 139.113 0.362
202303 0.287 145.950 0.293
202306 0.116 147.009 0.118
202309 0.548 146.113 0.559
202312 0.133 147.741 0.134
202403 0.405 149.044 0.405

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


PKO Bank Polski  (OTCPK:PSZKY) 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.

PKO Bank Polski's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=14.50/0.86
=16.86

* 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 PKO Bank Polski was 19.16. The lowest was 6.65. And the median was 13.68.


Be Aware

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


PKO Bank Polski E10 Related Terms

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


PKO Bank Polski (PKO Bank Polski) Business Description

Traded in Other Exchanges
Address
Pu?awska street 15, Warsaw, POL, 02-515
PKO Bank Polski SA is a universal banking group operating primarily in Poland, with subsidiaries in the Ukraine and Sweden. The bank's corporate strategy places a premium on organic growth and acquisitions. It has a strong presence in retail deposits, mortgage loans, consumer finance, corporate deposits, corporate loans, and asset management. Majority of its net revenue is net interest income, overwhelmingly derived from customer loans. Net fees and commissions, in contrast, are diversified across loans and insurance, mutual funds and brokerage, cards, and customer accounts. The bank has an appreciably large portion of its deposit base originating from retail clients in relation to competitors.