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Bank of Jerusalem (XTAE:JBNK) E10 : ₪1.48 (As of Mar. 2024)


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What is Bank of Jerusalem 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 Jerusalem's adjusted earnings per share data for the three months ended in Mar. 2024 was ₪0.630. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₪1.48 for the trailing ten years ended in Mar. 2024.

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 (2024-06-08), Bank of Jerusalem's current stock price is ₪12.41. Bank of Jerusalem's E10 for the quarter that ended in Mar. 2024 was ₪1.48. Bank of Jerusalem's Shiller PE Ratio of today is 8.39.

During the past 12 years, the highest Shiller PE Ratio of Bank of Jerusalem was 10.67. The lowest was 8.28. And the median was 9.62.


Bank of Jerusalem E10 Historical Data

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

Bank of Jerusalem 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 - - - - 1.41

Bank of Jerusalem 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 - - 1.32 1.41 1.48

Competitive Comparison of Bank of Jerusalem's E10

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

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

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



Bank of Jerusalem 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 Jerusalem'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)
=0.63/131.7762*131.7762
=0.630

Current CPI (Mar. 2024) = 131.7762.

Bank of Jerusalem Quarterly Data

per share eps CPI Adj_EPS
201406 0.200 100.560 0.262
201409 0.230 100.428 0.302
201412 0.210 99.070 0.279
201503 0.250 99.621 0.331
201506 0.200 100.684 0.262
201509 0.150 100.392 0.197
201512 0.090 99.792 0.119
201603 0.320 100.470 0.420
201606 0.240 101.688 0.311
201609 0.140 101.861 0.181
201612 0.090 101.863 0.116
201703 0.110 102.862 0.141
201706 0.090 103.349 0.115
201709 0.180 104.136 0.228
201712 0.150 104.011 0.190
201803 0.270 105.290 0.338
201806 0.270 106.317 0.335
201809 0.460 106.507 0.569
201812 0.240 105.998 0.298
201903 0.140 107.251 0.172
201906 0.390 108.070 0.476
201909 0.180 108.329 0.219
201912 0.560 108.420 0.681
202003 0.220 108.902 0.266
202006 0.170 108.767 0.206
202009 0.090 109.815 0.108
202012 0.230 109.897 0.276
202103 0.330 111.754 0.389
202106 0.660 114.631 0.759
202109 0.480 115.734 0.547
202112 0.580 117.630 0.650
202203 0.250 121.301 0.272
202206 0.660 125.017 0.696
202209 0.750 125.227 0.789
202212 0.660 125.222 0.695
202303 0.600 127.348 0.621
202306 0.420 128.729 0.430
202309 0.540 129.860 0.548
202312 0.350 129.419 0.356
202403 0.630 131.776 0.630

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


Bank of Jerusalem  (XTAE:JBNK) 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 Jerusalem's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=12.41/1.48
=8.39

* 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 12 years, the highest Shiller P/E Ratio of Bank of Jerusalem was 10.67. The lowest was 8.28. And the median was 9.62.


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 Jerusalem E10 Related Terms

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


Bank of Jerusalem (XTAE:JBNK) Business Description

Traded in Other Exchanges
N/A
Address
2 Herbert Samuel Street, Jerusalem, ISR, 91022
Bank of Jerusalem Ltd is a commercial bank specialized in real estate, capital market, savings and international banking. It provides general banking services like accepting deposits, granting loans, mortgages, capital market services, and investment advisory services.

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