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Emirates Islamic Bank PJSC (DFM:EIB) Shiller PE Ratio : 39.18 (As of Apr. 25, 2024)


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What is Emirates Islamic Bank PJSC Shiller PE Ratio?

As of today (2024-04-25), Emirates Islamic Bank PJSC's current share price is د.إ6.66. Emirates Islamic Bank PJSC's E10 for the quarter that ended in Dec. 2023 was د.إ0.17. Emirates Islamic Bank PJSC's Shiller PE Ratio for today is 39.18.

The historical rank and industry rank for Emirates Islamic Bank PJSC's Shiller PE Ratio or its related term are showing as below:

DFM:EIB' s Shiller PE Ratio Range Over the Past 10 Years
Min: 35   Med: 61.54   Max: 114.29
Current: 39.76

During the past years, Emirates Islamic Bank PJSC's highest Shiller PE Ratio was 114.29. The lowest was 35.00. And the median was 61.54.

DFM:EIB's Shiller PE Ratio is ranked worse than
96.43% of 1122 companies
in the Banks industry
Industry Median: 10.395 vs DFM:EIB: 39.76

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

Emirates Islamic Bank PJSC's adjusted earnings per share data for the three months ended in Dec. 2023 was د.إ0.087. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is د.إ0.17 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Emirates Islamic Bank PJSC Shiller PE Ratio Historical Data

The historical data trend for Emirates Islamic Bank PJSC's Shiller PE Ratio 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.

Emirates Islamic Bank PJSC Shiller PE Ratio Chart

Emirates Islamic Bank PJSC Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Shiller PE Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 73.47 58.52 38.45

Emirates Islamic Bank PJSC Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Shiller PE Ratio 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 58.52 53.47 48.54 38.75 38.45

Competitive Comparison of Emirates Islamic Bank PJSC's Shiller PE Ratio

For the Banks - Regional subindustry, Emirates Islamic Bank PJSC'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.


Emirates Islamic Bank PJSC's Shiller PE Ratio Distribution in the Banks Industry

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

* The bar in red indicates where Emirates Islamic Bank PJSC's Shiller PE Ratio falls into.



Emirates Islamic Bank PJSC Shiller PE Ratio Calculation

For Shiller PE Ratio, 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 PE Ratio is also called PE10.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

Emirates Islamic Bank PJSC's Shiller PE Ratio for today is calculated as

Shiller PE Ratio=Share Price/ E10
=6.66/0.17
=39.18

* 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.

Emirates Islamic Bank PJSC's E10 for the quarter that ended in Dec. 2023 is calculated as:

For example, Emirates Islamic Bank PJSC's adjusted earnings per share data for the three months ended in Dec. 2023 was:

Adj_EPS=Earnings per Share (Diluted)/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=0.087/129.4194*129.4194
=0.087

Current CPI (Dec. 2023) = 129.4194.

Emirates Islamic Bank PJSC Quarterly Data

Earnings per Share (Diluted) CPI Adj_EPS
201403 0.022 99.695 0.029
201406 0.031 100.560 0.040
201409 0.006 100.428 0.008
201412 0.025 99.070 0.033
201503 0.044 99.621 0.057
201506 0.058 100.684 0.075
201509 0.020 100.392 0.026
201512 0.025 99.792 0.032
201603 0.010 100.470 0.013
201606 0.022 101.688 0.028
201609 -0.008 101.861 -0.010
201612 0.000 101.863 0.000
201703 0.041 102.862 0.052
201706 0.031 103.349 0.039
201709 0.021 104.136 0.026
201712 0.037 104.011 0.046
201803 0.038 105.290 0.047
201806 0.051 106.317 0.062
201809 0.032 106.507 0.039
201812 0.049 105.998 0.060
201903 0.076 107.251 0.092
201906 0.048 108.070 0.057
201909 0.049 108.329 0.059
201912 0.022 108.420 0.026
202003 0.029 108.902 0.034
202006 -0.026 108.767 -0.031
202009 -0.059 109.815 -0.070
202012 -0.032 109.897 -0.038
202103 0.039 111.754 0.045
202106 0.066 114.631 0.075
202109 0.043 115.734 0.048
202112 0.004 117.630 0.004
202203 0.063 121.301 0.067
202206 0.066 125.017 0.068
202209 0.065 125.227 0.067
202212 0.034 125.222 0.035
202303 0.111 127.348 0.113
202306 0.113 128.729 0.114
202309 0.080 129.860 0.080
202312 0.087 129.419 0.087

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


Emirates Islamic Bank PJSC  (DFM:EIB) Shiller PE Ratio Explanation

Compared with the regular PE Ratio, which works poorly for cyclical businesses, the Shiller PE Ratio smoothed out the fluctuations of profit margins during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Shiller PE Ratio should give similar results to regular PE Ratio.

Compared with the PS Ratio, the Shiller PE Ratio makes the comparison between different industries more meaningful.


Be Aware

Shiller PE Ratio assumes that over the long term, businesses and profitability revert to their means. If a company's business model does not work in the future compared with the past, Shiller PE Ratio and PS Ratio will give false valuations.


Emirates Islamic Bank PJSC Shiller PE Ratio Related Terms

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Emirates Islamic Bank PJSC (DFM:EIB) Business Description

Traded in Other Exchanges
N/A
Address
Dubai Health Care City, P.O. Box 6564, 3rd Floor, Building 16, Dubai, ARE
Emirates Islamic Bank PJSC provides full commercial and banking services and offers various products through Islamic financing and investing instruments following Islamic Sharia. The group's activities comprise three business segments: Corporate and institutional banking, Retail banking and wealth management, Treasury, and Others. Substantial revenue is generated from Retail banking and wealth management.

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