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BCS (Barclays) E10 : $0.87 (As of Sep. 2024)


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What is Barclays 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.

Barclays's adjusted earnings per share data for the three months ended in Sep. 2024 was $0.566. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $0.87 for the trailing ten years ended in Sep. 2024.

During the past 12 months, Barclays's average E10 Growth Rate was 23.10% per year. During the past 3 years, the average E10 Growth Rate was 51.80% per year. During the past 5 years, the average E10 Growth Rate was 10.80% per year. During the past 10 years, the average E10 Growth Rate was -15.80% 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 Barclays was 51.80% per year. The lowest was -34.10% per year. And the median was 10.10% per year.

As of today (2024-12-13), Barclays's current stock price is $13.545. Barclays's E10 for the quarter that ended in Sep. 2024 was $0.87. Barclays's Shiller PE Ratio of today is 15.57.

During the past 13 years, the highest Shiller PE Ratio of Barclays was 47.30. The lowest was 5.09. And the median was 15.00.


Barclays E10 Historical Data

The historical data trend for Barclays'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.

Barclays E10 Chart

Barclays 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 0.37 0.22 0.39 0.54 0.72

Barclays Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 0.64 0.72 0.72 0.77 0.87

Competitive Comparison of Barclays's E10

For the Banks - Diversified subindustry, Barclays'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.


Barclays's Shiller PE Ratio Distribution in the Banks Industry

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

* The bar in red indicates where Barclays's Shiller PE Ratio falls into.



Barclays 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, Barclays's adjusted earnings per share data for the three months ended in Sep. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Sep. 2024 (Change)*Current CPI (Sep. 2024)
=0.566/133.5000*133.5000
=0.566

Current CPI (Sep. 2024) = 133.5000.

Barclays Quarterly Data

per share eps CPI Adj_EPS
201412 -0.637 99.900 -0.851
201503 0.173 99.600 0.232
201506 0.426 100.100 0.568
201509 0.141 100.200 0.188
201512 -0.863 100.400 -1.148
201603 0.154 100.400 0.205
201606 0.239 101.000 0.316
201609 0.111 101.500 0.146
201612 0.040 102.200 0.052
201703 0.064 102.700 0.083
201706 -0.421 103.500 -0.543
201709 0.182 104.300 0.233
201712 -0.391 105.000 -0.497
201803 -0.235 105.100 -0.299
201806 0.399 105.900 0.503
201809 0.319 106.600 0.399
201812 -0.004 107.100 -0.005
201903 0.321 107.000 0.401
201906 0.304 107.900 0.376
201909 -0.084 108.400 -0.103
201912 0.204 108.500 0.251
202003 0.173 108.600 0.213
202006 0.025 108.800 0.031
202009 0.181 109.200 0.221
202012 0.065 109.400 0.079
202103 0.549 109.700 0.668
202106 0.673 111.400 0.807
202109 0.467 112.400 0.555
202112 0.343 114.700 0.399
202203 0.443 116.500 0.508
202206 0.315 120.500 0.349
202209 0.426 122.300 0.465
202212 0.318 125.300 0.339
202303 0.549 126.800 0.578
202306 0.431 129.400 0.445
202309 0.411 130.100 0.422
202312 -0.037 130.500 -0.038
202403 0.524 131.600 0.532
202406 0.422 133.000 0.424
202409 0.566 133.500 0.566

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


Barclays  (NYSE:BCS) 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.

Barclays's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=13.545/0.87
=15.57

* 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 Barclays was 47.30. The lowest was 5.09. And the median was 15.00.


Be Aware

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


Barclays E10 Related Terms

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


Barclays Business Description

Address
1 Churchill Place, London, GBR, E14 5HP
Barclays is a universal bank headquartered in the United Kingdom. It operates via five principal segments; UK (retail), UK corporate bank, private bank and wealth management, investment bank, and us consumer bank. In its UK segment, the bank provides current accounts, mortgages, savings and investment management services, credit cards, and business banking services to retail clients and small and medium-size enterprises. The international segment includes a corporate bank offering banking solutions to large corporates, a bulge-bracket global investment bank, and a credit card and payments business.