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Indian Bank (BOM:532814) E10 : ₹107.23 (As of Dec. 2024)


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What is Indian Bank 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.

Indian Bank's adjusted earnings per share data for the three months ended in Dec. 2024 was ₹21.600. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₹107.23 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 (2025-03-27), Indian Bank's current stock price is ₹542.05. Indian Bank's E10 for the quarter that ended in Dec. 2024 was ₹107.23. Indian Bank's Shiller PE Ratio of today is 5.06.

During the past 13 years, the highest Shiller PE Ratio of Indian Bank was 5.50. The lowest was 4.58. And the median was 4.97.


Indian Bank E10 Historical Data

The historical data trend for Indian Bank'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.

Indian Bank E10 Chart

Indian Bank Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - -

Indian Bank 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 - - 108.39 108.33 107.23

Competitive Comparison of Indian Bank's E10

For the Banks - Regional subindustry, Indian Bank'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.


Indian Bank's Shiller PE Ratio Distribution in the Banks Industry

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

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


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Indian Bank 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, Indian Bank'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)
=21.6/158.3229*158.3229
=21.600

Current CPI (Dec. 2024) = 158.3229.

Indian Bank Quarterly Data

per share eps CPI Adj_EPS
200603 14.990 45.521 52.135
200703 21.890 48.581 71.338
200803 23.320 52.407 70.451
200903 28.180 56.615 78.805
201003 35.440 65.030 86.282
201103 39.530 70.768 88.437
201203 40.010 76.889 82.385
201303 36.450 85.687 67.348
201403 26.870 91.425 46.531
201503 21.620 97.163 35.229
201603 14.870 102.518 22.964
201703 30.250 105.196 45.527
201803 27.290 109.786 39.355
201806 4.710 111.317 6.699
201809 3.580 115.142 4.923
201812 3.580 115.142 4.923
201903 -3.960 118.202 -5.304
201906 8.140 120.880 10.661
201909 9.010 123.175 11.581
201912 5.620 126.235 7.049
202003 -6.260 124.705 -7.948
202006 3.820 127.000 4.762
202009 4.050 130.118 4.928
202012 4.740 130.889 5.733
202103 15.270 131.771 18.347
202106 11.080 134.084 13.083
202109 9.040 135.847 10.536
202112 5.870 138.161 6.727
202203 8.220 138.822 9.375
202206 10.530 142.347 11.712
202209 10.340 144.661 11.317
202212 11.680 145.763 12.686
202303 12.200 146.865 13.152
202306 14.850 150.280 15.645
202309 16.610 151.492 17.359
202312 17.460 152.924 18.076
202403 17.090 153.035 17.681
202406 19.080 155.789 19.390
202409 20.790 157.882 20.848
202412 21.600 158.323 21.600

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


Indian Bank  (BOM:532814) 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.

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

Shiller PE Ratio=Share Price/E10
=542.05/107.23
=5.06

* 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 Indian Bank was 5.50. The lowest was 4.58. And the median was 4.97.


Be Aware

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


Indian Bank E10 Related Terms

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


Indian Bank Business Description

Traded in Other Exchanges
Address
254-260, Avvai Shanmugam Salai, Royapettah, Chennai, TN, IND, 600014
Indian Bank is a provider of banking products and services in India and internationally. The bank is headquartered in India and generates the majority of revenue domestically. The bank operates through four segments: Treasury, Corporate/Wholesale banking, Retail banking, and other banking operations. A majority of its revenue is generated from the Retail banking segment. The company provides deposits, savings and current accounts, merchant banking, and stock broking to its customers. The company has a nationwide network of branches as well as branches in Singapore and Sri Lanka. The Government of India is a shareholder.

Indian Bank Headlines

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