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BNCDY (Banca Mediolanum) E10 : $1.68 (As of Sep. 2024)


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What is Banca Mediolanum 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.

Banca Mediolanum's adjusted earnings per share data for the three months ended in Sep. 2024 was $0.664. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $1.68 for the trailing ten years ended in Sep. 2024.

During the past 12 months, Banca Mediolanum's average E10 Growth Rate was 8.10% per year. During the past 3 years, the average E10 Growth Rate was 12.10% per year. During the past 5 years, the average E10 Growth Rate was 11.00% 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 Banca Mediolanum was 12.50% per year. The lowest was 11.40% per year. And the median was 12.10% per year.

As of today (2024-12-13), Banca Mediolanum's current stock price is $23.735. Banca Mediolanum's E10 for the quarter that ended in Sep. 2024 was $1.68. Banca Mediolanum's Shiller PE Ratio of today is 14.13.

During the past 13 years, the highest Shiller PE Ratio of Banca Mediolanum was 19.20. The lowest was 8.14. And the median was 12.85.


Banca Mediolanum E10 Historical Data

The historical data trend for Banca Mediolanum'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.

Banca Mediolanum E10 Chart

Banca Mediolanum 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 1.16 1.32 1.40 1.61 1.71

Banca Mediolanum 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 1.63 1.71 1.66 1.71 1.68

Competitive Comparison of Banca Mediolanum's E10

For the Banks - Regional subindustry, Banca Mediolanum'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.


Banca Mediolanum's Shiller PE Ratio Distribution in the Banks Industry

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

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



Banca Mediolanum 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, Banca Mediolanum'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)
=0.664/121.2000*121.2000
=0.664

Current CPI (Sep. 2024) = 121.2000.

Banca Mediolanum Quarterly Data

per share eps CPI Adj_EPS
201412 0.252 99.721 0.306
201503 0.401 99.814 0.487
201506 0.272 100.279 0.329
201509 0.251 100.000 0.304
201512 0.375 99.814 0.455
201603 0.221 99.600 0.269
201606 0.296 99.900 0.359
201609 0.409 100.100 0.495
201612 0.249 100.300 0.301
201703 0.247 101.000 0.296
201706 0.340 101.100 0.408
201709 0.267 101.200 0.320
201712 0.324 101.200 0.388
201803 0.200 101.800 0.238
201806 0.367 102.400 0.434
201809 0.306 102.600 0.361
201812 -0.050 102.300 -0.059
201903 0.221 102.800 0.261
201906 0.303 103.100 0.356
201909 0.339 102.900 0.399
201912 0.847 102.800 0.999
202003 0.217 102.900 0.256
202006 0.239 102.900 0.282
202009 0.318 102.300 0.377
202012 0.608 102.600 0.718
202103 0.431 103.700 0.504
202106 0.441 104.200 0.513
202109 0.342 104.900 0.395
202112 1.035 106.600 1.177
202203 0.341 110.400 0.374
202206 0.363 112.500 0.391
202209 0.362 114.200 0.384
202212 0.369 119.000 0.376
202303 0.512 118.800 0.522
202306 0.540 119.700 0.547
202309 0.600 120.300 0.604
202312 0.733 119.700 0.742
202403 0.643 120.200 0.648
202406 0.661 120.700 0.664
202409 0.664 121.200 0.664

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


Banca Mediolanum  (OTCPK:BNCDY) 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.

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

Shiller PE Ratio=Share Price/E10
=23.735/1.68
=14.13

* 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 Banca Mediolanum was 19.20. The lowest was 8.14. And the median was 12.85.


Be Aware

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


Banca Mediolanum E10 Related Terms

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


Banca Mediolanum Business Description

Traded in Other Exchanges
Address
Palazzo Meucci, Via Francesco Sforza, 15, Basiglio, ITA, 20080
Banca Mediolanum is an Italy-based company which provides banking and financial services. It operates with various segments namely Lending which includes Retail and Commercial Banking, Treasury activities which has trading and sales, Asset Management and Retail Brokerage. The company offers current accounts, mortgages and loan products; credit, debit, and rechargeable cards and investment products. Geographically, it operates the market of Italy, Spain, and Germany of which Italy accounts for a larger share of revenue.

Banca Mediolanum Headlines

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