BCO Mercantil de Investimentos (BSP:BMIN4) E10: R$1.28 (As of Jun. 2026)

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BSP:BMIN4 BCO Mercantil de Investimentos SA BSP:BMIN4
60 GF Score
Price R$18.86
GF Value R$29.73
Valuation Possible Value Trap
! 7 Warning Signs
View Full Analysis

What is BCO Mercantil de Investimentos E10?

BCO Mercantil de Investimentos BSP:BMIN4 60 E10 is R$1.28 as of Jun. 2026. GuruFocus rates BSP:BMIN4 with a GF Score™ of 60/100 and a GF Value™ of R$29.73 (Possible Value Trap). The stock has 7 warning signs investors should review.

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.

BCO Mercantil de Investimentos's adjusted earnings per share data for the three months ended in Jun. 2026 was R$0.750. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is R$1.28 for the trailing ten years ended in Jun. 2026.

During the past 12 months, BCO Mercantil de Investimentos's average E10 Growth Rate was 8.50% 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 BCO Mercantil de Investimentos was -1.40% per year. The lowest was -6.50% per year. And the median was -4.20% per year.

As of today (2026-09-04), BCO Mercantil de Investimentos's current stock price is R$18.86. BCO Mercantil de Investimentos's E10 for the quarter that ended in Jun. 2026 was R$1.28. BCO Mercantil de Investimentos's Shiller PE Ratio of today is 14.73.

During the past 13 years, the highest Shiller PE Ratio of BCO Mercantil de Investimentos was 17.30. The lowest was 9.71. And the median was 13.90.


BCO Mercantil de Investimentos  (BSP:BMIN4) 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.

BCO Mercantil de Investimentos's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=18.86/1.28
=14.73

* 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 BCO Mercantil de Investimentos was 17.30. The lowest was 9.71. And the median was 13.90.


Be Aware

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


BCO Mercantil de Investimentos E10 Related Terms


BCO Mercantil de Investimentos E10 Historical Data

* Premium members only.

The historical data trend for BCO Mercantil de Investimentos'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.

BCO Mercantil de Investimentos E10 Chart

BCO Mercantil de Investimentos Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.02 0.94 1.18 1.23 0.00

BCO Mercantil de Investimentos Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Dec25 Mar26 Jun26
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 1.18 1.22 0.00 1.18 1.28

BSP:BMIN4 vs USB, PNC: E10 Comparison

For the Banks - Regional subindustry, BCO Mercantil de Investimentos'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.


BCO Mercantil de Investimentos Shiller PE Ratio vs Banks Industry

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

* The bar in red indicates where BCO Mercantil de Investimentos's Shiller PE Ratio falls into.


BSP:BMIN4
60GF Score
BCO Mercantil de Investimentos SA BSP:BMIN4
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

BCO Mercantil de Investimentos 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, BCO Mercantil de Investimentos's adjusted earnings per share data for the three months ended in Jun. 2026 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=0.75/177.5443*177.5443
=0.750

Current CPI (Jun. 2026) = 177.5443.

BCO Mercantil de Investimentos Quarterly Data

per share eps CPI Adj_EPS
201606 1.537 108.851 2.507
201609 0.017 109.986 0.027
201612 0.506 110.802 0.811
201703 0.015 111.869 0.024
201706 -0.081 112.115 -0.128
201709 -0.175 112.777 -0.276
201712 -0.340 114.068 -0.529
201803 0.615 114.868 0.951
201806 0.283 117.038 0.429
201809 0.155 117.881 0.233
201812 0.184 118.340 0.276
201903 -0.027 120.124 -0.040
201906 0.079 120.977 0.116
201909 0.189 121.292 0.277
201912 0.221 123.436 0.318
202003 0.105 124.092 0.150
202006 -0.087 123.557 -0.125
202009 0.107 125.095 0.152
202012 0.384 129.012 0.528
202103 0.030 131.660 0.040
202106 0.259 133.871 0.343
202109 0.115 137.913 0.148
202112 0.296 141.992 0.370
202203 0.265 146.537 0.321
202206 0.452 149.784 0.536
202209 0.360 147.800 0.432
202212 0.945 150.207 1.117
202303 0.214 153.352 0.248
202306 0.424 154.519 0.487
202309 0.405 155.464 0.463
202312 0.463 157.148 0.523
202403 0.341 159.372 0.380
202406 0.314 161.052 0.346
202409 0.590 162.342 0.645
202412 0.245 164.740 0.264
202503 0.570 168.102 0.602
202506 0.449 169.670 0.470
202512 0.000 171.765 0.000
202603 0.767 175.066 0.778
202606 0.750 177.544 0.750

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

Frequently Asked Questions Learn more about E10 →
What does a E10 of R$1.28 mean?
BCO Mercantil de Investimentos (BSP:BMIN4) has a E10 of R$1.28 as of Jun. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on BCO Mercantil de Investimentos and its competitors.
Is BCO Mercantil de Investimentos' E10 too high?
BCO Mercantil de Investimentos' current E10 is R$1.28. Overall, BCO Mercantil de Investimentos has a GF Score™ of 60/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does BCO Mercantil de Investimentos' E10 compare to USB and PNC?
BCO Mercantil de Investimentos' E10 of R$1.28 can be compared against companies in the Banks industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good E10 for a Banks company?
A good E10 depends on the Banks industry context. However, E10 should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high E10 mean?
A high E10 can signal that a stock is expensive relative to its fundamentals. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on BCO Mercantil de Investimentos and its competitors. BCO Mercantil de Investimentos's current E10 is R$1.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BCO Mercantil de Investimentos stock overvalued right now?
Based on GuruFocus' analysis, BCO Mercantil de Investimentos (BSP:BMIN4) is currently considered Possible Value Trap. The stock's GF Value™ is R$29.73, compared to a current price of R$18.86 — trading 36.6% below its estimated fair value. The current E10 is R$1.28. BCO Mercantil de Investimentos' overall GF Score™ is 60/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is E10 calculated?
E10 is calculated from a company's financial statements. For BCO Mercantil de Investimentos (BSP:BMIN4), the current E10 is R$1.28 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is BCO Mercantil de Investimentos (BSP:BMIN4) Overvalued in 2026?

Based on GuruFocus' analysis, BCO Mercantil de Investimentos stock appears to be undervalued. The current stock price of R$18.86 is trading 36.6% below its estimated GF Value™ of R$29.73. GuruFocus considers BCO Mercantil de Investimentos to be Possible Value Trap.

Key valuation signals for BSP:BMIN4:

  • E10: R$1.28
  • GF Value™: R$29.73 vs. price of R$18.86 (36.6% below fair value)
  • GF Score™: 60/100 with 7 warning signs

No single metric tells the full story. See the BSP:BMIN4 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


BCO Mercantil de Investimentos Business Description

Other Exchanges BMIN3:Brazil
Address Rua Rio de Janeiro 654, 6 Andar, Belo Horizonte, MG, BRA, 30160912
BCO Mercantil de Investimentos SA provides capital financing for productive activities in short, medium and long term projects. It operates as a subsidiary of Banco Mercantil do Brasil S.A.
60GF Score

Get the complete analysis for BSP:BMIN4

E10 is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

R$18.86
Price
R$29.73
GF Value