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Banco Bilbao Vizcaya Argentaria (Banco Bilbao Vizcaya Argentaria) E10 : $0.74 (As of Dec. 2023)


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What is Banco Bilbao Vizcaya Argentaria 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.

Banco Bilbao Vizcaya Argentaria's adjusted earnings per share data for the three months ended in Dec. 2023 was $0.360. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $0.74 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Banco Bilbao Vizcaya Argentaria's average E10 Growth Rate was 17.50% per year. During the past 3 years, the average E10 Growth Rate was 13.40% per year. During the past 5 years, the average E10 Growth Rate was 0.80% per year. During the past 10 years, the average E10 Growth Rate was -6.80% 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 Banco Bilbao Vizcaya Argentaria was 44.20% per year. The lowest was -12.20% per year. And the median was 2.85% per year.

As of today (2024-04-28), Banco Bilbao Vizcaya Argentaria's current stock price is $11.58. Banco Bilbao Vizcaya Argentaria's E10 for the quarter that ended in Dec. 2023 was $0.74. Banco Bilbao Vizcaya Argentaria's Shiller PE Ratio of today is 15.65.

During the past 13 years, the highest Shiller PE Ratio of Banco Bilbao Vizcaya Argentaria was 16.48. The lowest was 4.78. And the median was 8.87.


Banco Bilbao Vizcaya Argentaria E10 Historical Data

The historical data trend for Banco Bilbao Vizcaya Argentaria'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.

Banco Bilbao Vizcaya Argentaria E10 Chart

Banco Bilbao Vizcaya Argentaria 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 0.64 0.56 0.54 0.61 0.74

Banco Bilbao Vizcaya Argentaria 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 0.61 0.61 0.64 0.65 0.74

Competitive Comparison of Banco Bilbao Vizcaya Argentaria's E10

For the Banks - Diversified subindustry, Banco Bilbao Vizcaya Argentaria'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.


Banco Bilbao Vizcaya Argentaria's Shiller PE Ratio Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Banco Bilbao Vizcaya Argentaria's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Banco Bilbao Vizcaya Argentaria's Shiller PE Ratio falls into.



Banco Bilbao Vizcaya Argentaria 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, Banco Bilbao Vizcaya Argentaria'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)
=0.36/121.2698*121.2698
=0.360

Current CPI (Dec. 2023) = 121.2698.

Banco Bilbao Vizcaya Argentaria Quarterly Data

per share eps CPI Adj_EPS
201403 0.138 100.139 0.167
201406 0.149 101.081 0.179
201409 0.116 100.441 0.140
201412 0.136 100.251 0.165
201503 0.249 99.474 0.304
201506 0.202 101.138 0.242
201509 -0.191 99.559 -0.233
201512 0.153 100.268 0.185
201603 0.111 98.638 0.136
201606 0.176 100.333 0.213
201609 0.146 99.737 0.178
201612 0.095 101.842 0.113
201703 0.182 100.896 0.219
201706 0.180 101.848 0.214
201709 0.191 101.524 0.228
201712 0.012 102.975 0.014
201803 0.222 102.122 0.264
201806 0.199 104.165 0.232
201809 0.303 103.818 0.354
201812 0.159 104.193 0.185
201903 0.181 103.488 0.212
201906 0.192 104.612 0.223
201909 0.187 103.905 0.218
201912 -0.044 105.015 -0.051
202003 -0.320 103.469 -0.375
202006 0.090 104.254 0.105
202009 0.188 103.521 0.220
202012 0.219 104.456 0.254
202103 0.202 104.857 0.234
202106 0.096 107.102 0.109
202109 0.235 107.669 0.265
202112 0.226 111.298 0.246
202203 0.209 115.153 0.220
202206 0.264 118.044 0.271
202209 0.287 117.221 0.297
202212 0.254 117.650 0.262
202303 0.310 118.948 0.316
202306 0.358 120.278 0.361
202309 0.363 121.343 0.363
202312 0.360 121.270 0.360

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


Banco Bilbao Vizcaya Argentaria  (NYSE:BBVA) 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.

Banco Bilbao Vizcaya Argentaria's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=11.58/0.74
=15.65

* 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 Banco Bilbao Vizcaya Argentaria was 16.48. The lowest was 4.78. 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.


Banco Bilbao Vizcaya Argentaria E10 Related Terms

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


Banco Bilbao Vizcaya Argentaria (Banco Bilbao Vizcaya Argentaria) Business Description

Address
Calle Azul, 4, Madrid, ESP, 28050
Despite its Spanish origins, BBVA generates only around a quarter of its profits in Spain. We expect that on a normalised basis, BBVA's market-leading Mexican bank should contribute half of its earnings, while its Turkish operation should account for another 15%. The balance of BBVA's earnings comes from smaller operations in South America. BBVA is overwhelmingly a retail and commercial bank, with corporate and investment banking forming a minor part of the overall business. BBVA also offers insurance and investment products through its banking networks.