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Banestes Banco Estado Espirito (BSP:BEES4) E10 : R$0.97 (As of Dec. 2024)


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What is Banestes Banco Estado Espirito 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.

Banestes Banco Estado Espirito's adjusted earnings per share data for the three months ended in Dec. 2024 was R$0.421. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is R$0.97 for the trailing ten years ended in Dec. 2024.

During the past 12 months, Banestes Banco Estado Espirito's average E10 Growth Rate was 10.50% per year. During the past 3 years, the average E10 Growth Rate was 11.80% per year. During the past 5 years, the average E10 Growth Rate was 9.50% 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 Banestes Banco Estado Espirito was 13.40% per year. The lowest was 6.30% per year. And the median was 11.80% per year.

As of today (2025-04-04), Banestes Banco Estado Espirito's current stock price is R$8.90. Banestes Banco Estado Espirito's E10 for the quarter that ended in Dec. 2024 was R$0.97. Banestes Banco Estado Espirito's Shiller PE Ratio of today is 9.18.

During the past 13 years, the highest Shiller PE Ratio of Banestes Banco Estado Espirito was 11.68. The lowest was 6.11. And the median was 8.64.


Banestes Banco Estado Espirito E10 Historical Data

The historical data trend for Banestes Banco Estado Espirito'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.

Banestes Banco Estado Espirito E10 Chart

Banestes Banco Estado Espirito Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.65 0.81 0.92 0.91 0.97

Banestes Banco Estado Espirito 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 0.91 1.02 0.98 0.94 0.97

Competitive Comparison of Banestes Banco Estado Espirito's E10

For the Banks - Regional subindustry, Banestes Banco Estado Espirito'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.


Banestes Banco Estado Espirito's Shiller PE Ratio Distribution in the Banks Industry

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

* The bar in red indicates where Banestes Banco Estado Espirito's Shiller PE Ratio falls into.


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Banestes Banco Estado Espirito 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, Banestes Banco Estado Espirito'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)
=0.421/164.7402*164.7402
=0.421

Current CPI (Dec. 2024) = 164.7402.

Banestes Banco Estado Espirito Quarterly Data

per share eps CPI Adj_EPS
201503 0.123 97.799 0.207
201506 0.138 100.006 0.227
201509 0.125 101.392 0.203
201512 0.092 104.247 0.145
201603 0.122 106.979 0.188
201606 0.147 108.851 0.222
201609 0.107 109.986 0.160
201612 0.136 110.802 0.202
201703 0.122 111.869 0.180
201706 0.147 112.115 0.216
201709 0.125 112.777 0.183
201712 0.161 114.068 0.233
201803 0.074 114.868 0.106
201806 0.183 117.038 0.258
201809 0.174 117.881 0.243
201812 0.142 118.340 0.198
201903 0.201 120.124 0.276
201906 0.144 120.977 0.196
201909 0.184 121.292 0.250
201912 0.147 123.436 0.196
202003 0.261 124.092 0.346
202006 0.134 123.557 0.179
202009 0.142 125.095 0.187
202012 0.197 129.012 0.252
202103 0.193 131.660 0.241
202106 0.169 133.871 0.208
202109 0.190 137.913 0.227
202112 0.242 141.992 0.281
202203 0.257 146.537 0.289
202206 0.319 149.784 0.351
202209 0.242 147.800 0.270
202212 0.226 150.207 0.248
202303 0.223 153.352 0.240
202306 0.363 154.519 0.387
202309 0.300 155.464 0.318
202312 0.130 157.148 0.136
202403 0.216 159.372 0.223
202406 0.317 161.052 0.324
202409 0.290 162.342 0.294
202412 0.421 164.740 0.421

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


Banestes Banco Estado Espirito  (BSP:BEES4) 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.

Banestes Banco Estado Espirito's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=8.90/0.97
=9.18

* 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 Banestes Banco Estado Espirito was 11.68. The lowest was 6.11. And the median was 8.64.


Be Aware

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


Banestes Banco Estado Espirito E10 Related Terms

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


Banestes Banco Estado Espirito Business Description

Traded in Other Exchanges
Address
Avenue Princesa Isabel, 574, Bloco B - 9th floor - Ed. Palas, Centro, Vitoria, ES, BRA, 29010-031
Banestes SA Banco Estado Espirito operates as a bank. Its activities are focused on the credit operations. It also operates in foreign exchange market, offering products geared mainly to finance imports and exports like letter of credit. The Bank offers credit, securities brokerage services, foreign exchange, and other financial services.

Banestes Banco Estado Espirito Headlines

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