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Bank Of China (Bank Of China) E10 : $1.57 (As of Dec. 2023)


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What is Bank Of China 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 China's adjusted earnings per share data for the three months ended in Dec. 2023 was $0.665. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $1.57 for the trailing ten years ended in Dec. 2023.

During the past 3 years, the average E10 Growth Rate was 3.20% per year. During the past 5 years, the average E10 Growth Rate was 3.80% 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 China was 8.60% per year. The lowest was 3.20% per year. And the median was 5.60% per year.

As of today (2024-04-28), Bank Of China's current stock price is $10.976. Bank Of China's E10 for the quarter that ended in Dec. 2023 was $1.57. Bank Of China's Shiller PE Ratio of today is 6.99.

During the past 13 years, the highest Shiller PE Ratio of Bank Of China was 13.17. The lowest was 4.62. And the median was 6.53.


Bank Of China E10 Historical Data

The historical data trend for Bank Of China'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 China E10 Chart

Bank Of China 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 1.70 1.59 1.84 1.88 1.57

Bank Of China Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 1.88 1.86 1.69 1.51 1.57

Competitive Comparison of Bank Of China's E10

For the Banks - Diversified subindustry, Bank Of China'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 China's Shiller PE Ratio Distribution in the Banks Industry

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

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



Bank Of China 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 China'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)
=0.665/114.6694*114.6694
=0.665

Current CPI (Dec. 2023) = 114.6694.

Bank Of China Quarterly Data

per share eps CPI Adj_EPS
201403 0.648 98.600 0.754
201406 0.602 98.200 0.703
201409 0.570 98.900 0.661
201412 0.525 99.000 0.608
201503 0.641 99.900 0.736
201506 0.604 99.500 0.696
201509 0.471 100.500 0.537
201512 0.504 100.600 0.574
201603 0.577 102.200 0.647
201606 0.607 101.400 0.686
201609 0.450 102.400 0.504
201612 0.361 102.600 0.403
201703 0.544 103.200 0.604
201706 0.735 103.100 0.817
201709 0.457 104.100 0.503
201712 0.341 104.500 0.374
201803 0.633 105.300 0.689
201806 0.812 104.900 0.888
201809 0.474 106.600 0.510
201812 0.327 106.500 0.352
201903 0.633 107.700 0.674
201906 0.761 107.700 0.810
201909 0.492 109.800 0.514
201912 0.321 111.200 0.331
202003 0.605 112.300 0.618
202006 0.530 110.400 0.550
202009 0.514 111.700 0.528
202012 0.573 111.500 0.589
202103 0.691 112.662 0.703
202106 0.700 111.769 0.718
202109 0.658 112.215 0.672
202112 0.667 113.108 0.676
202203 0.749 114.335 0.751
202206 0.672 114.558 0.673
202209 0.641 115.339 0.637
202212 0.610 115.116 0.608
202303 0.689 115.116 0.686
202306 0.628 114.558 0.629
202309 0.651 115.339 0.647
202312 0.665 114.669 0.665

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


Bank Of China  (OTCPK:BACHY) 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 China's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=10.976/1.57
=6.99

* 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 China was 13.17. The lowest was 4.62. And the median was 6.53.


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 China E10 Related Terms

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


Bank Of China (Bank Of China) Business Description

Address
No. 1 Fuxingmen Nei Dajie, Xicheng District, Beijing, CHN, 100818
Bank of China was founded in 1912 with headquarter in Beijing. The bank has evolved as a central bank, international exchange bank, and state-owned bank specializing in foreign trade business. BOC was listed on the Hong Kong and Shanghai stock exchanges in 2006. It provides a comprehensive range of financial services to customers across greater China and overseas. Central Huijin, a Chinese state-owned investment company and BOC's largest shareholder, controls 64%.

Bank Of China (Bank Of China) Headlines

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