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Union Bank of India (BOM:532477) E10 : ₹64.63 (As of Dec. 2024)


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What is Union Bank of India 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.

Union Bank of India's adjusted earnings per share data for the three months ended in Dec. 2024 was ₹6.060. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₹64.63 for the trailing ten years ended in Dec. 2024.

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.

As of today (2025-03-02), Union Bank of India's current stock price is ₹112.35. Union Bank of India's E10 for the quarter that ended in Dec. 2024 was ₹64.63. Union Bank of India's Shiller PE Ratio of today is 1.74.

During the past 13 years, the highest Shiller PE Ratio of Union Bank of India was 1.92. The lowest was 1.60. And the median was 1.74.


Union Bank of India E10 Historical Data

The historical data trend for Union Bank of India'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.

Union Bank of India E10 Chart

Union Bank of India Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
E10
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Union Bank of India Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 - - - - 64.63

Competitive Comparison of Union Bank of India's E10

For the Banks - Regional subindustry, Union Bank of India'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.


Union Bank of India's Shiller PE Ratio Distribution in the Banks Industry

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

* The bar in red indicates where Union Bank of India's Shiller PE Ratio falls into.



Union Bank of India 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, Union Bank of India's adjusted earnings per share data for the three months ended in Dec. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Dec. 2024 (Change)*Current CPI (Dec. 2024)
=6.06/159.2043*159.2043
=6.060

Current CPI (Dec. 2024) = 159.2043.

Union Bank of India Quarterly Data

per share eps CPI Adj_EPS
200503 15.640 43.531 57.199
200603 14.580 45.521 50.992
200703 16.740 48.581 54.858
200903 34.180 56.615 96.117
201003 41.080 65.030 100.570
201103 39.710 70.768 89.334
201203 33.790 76.889 69.965
201303 38.440 85.687 71.421
201403 27.560 91.425 47.992
201503 27.670 97.163 45.338
201603 20.500 102.518 31.835
201703 8.330 105.196 12.607
201803 -68.980 109.786 -100.030
201806 1.200 111.317 1.716
201809 0.730 115.142 1.009
201812 1.570 115.142 2.171
201903 -28.370 118.202 -38.211
201906 1.310 120.880 1.725
201909 -6.760 123.175 -8.737
201912 2.370 126.235 2.989
202003 -7.926 124.705 -10.119
202006 0.530 127.000 0.664
202009 0.830 130.118 1.016
202012 1.120 130.889 1.362
202103 1.980 131.771 2.392
202106 1.700 134.084 2.018
202109 2.320 135.847 2.719
202112 1.550 138.161 1.786
202203 2.300 138.822 2.638
202206 2.320 142.347 2.595
202209 2.710 144.661 2.982
202212 3.310 145.763 3.615
202303 4.110 146.865 4.455
202306 4.790 150.280 5.074
202309 5.140 151.492 5.402
202312 4.890 152.924 5.091
202403 4.400 153.035 4.577
202406 4.770 155.789 4.875
202409 6.220 157.882 6.272
202412 6.060 159.204 6.060

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


Union Bank of India  (BOM:532477) 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.

Union Bank of India's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=112.35/64.63
=1.74

* 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 Union Bank of India was 1.92. The lowest was 1.60. And the median was 1.74.


Be Aware

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


Union Bank of India E10 Related Terms

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


Union Bank of India Business Description

Traded in Other Exchanges
Address
239, Vidhan Bhavan Marg, Union Bank Bhavan, 12th Floor, Nariman Point, Mumbai, MH, IND, 400 021
Union Bank of India is a retail, commercial and investment bank domiciled in India. The bank organizes operations across four main segments: Retail Banking Operations such as deposits and transaction accounts; Corporate and Wholesale Banking including private equity and corporate finance; Treasury Operations; and Other Banking Operations. Corporate and Wholesale Banking Operations contribute major revenue. The bank generates the majority of its revenue domestically. The Government of India is the majority shareholder.

Union Bank of India Headlines

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