Banco Bilbao Vizcaya Argentaria (BUE:BBVA) E10: ARS1,757.68 (As of Mar. 2026)


BUE:BBVA Banco Bilbao Vizcaya Argentaria SA BUE:BBVA
48 GF Score
Price ARS40,880.00
GF Value ARS22,489.39
Valuation Significantly Overvalued
! 7 Warning Signs
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What is Banco Bilbao Vizcaya Argentaria E10?

Banco Bilbao Vizcaya Argentaria BUE:BBVA +1.44% 48 E10 is ARS1,757.68 as of Mar. 2026. GuruFocus rates BUE:BBVA with a GF Score™ of 48/100 and a GF Value™ of ARS22,489.39 (Significantly Overvalued). 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.

Banco Bilbao Vizcaya Argentaria's adjusted earnings per share data for the three months ended in Mar. 2026 was ARS824.399. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ARS1,757.68 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Banco Bilbao Vizcaya Argentaria's average E10 Growth Rate was 21.70% per year. During the past 3 years, the average E10 Growth Rate was 19.00% per year. During the past 5 years, the average E10 Growth Rate was 16.70% per year. During the past 10 years, the average E10 Growth Rate was -0.20% 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 Banco Bilbao Vizcaya Argentaria was 44.20% per year. The lowest was -12.20% per year. And the median was 4.20% per year.

As of today (2026-07-05), Banco Bilbao Vizcaya Argentaria's current stock price is ARS40880.00. Banco Bilbao Vizcaya Argentaria's E10 for the quarter that ended in Mar. 2026 was ARS1,757.68. Banco Bilbao Vizcaya Argentaria's Shiller PE Ratio of today is 23.26.

During the past 13 years, the highest Shiller PE Ratio of Banco Bilbao Vizcaya Argentaria was 22.53. The lowest was 4.78. And the median was 10.17.


Banco Bilbao Vizcaya Argentaria  (BUE:BBVA) 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.

Banco Bilbao Vizcaya Argentaria's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=40880.00/1757.68
=23.26

* 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 Banco Bilbao Vizcaya Argentaria was 22.53. The lowest was 4.78. And the median was 10.17.


Be Aware

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


Banco Bilbao Vizcaya Argentaria E10 Related Terms


Banco Bilbao Vizcaya Argentaria E10 Historical Data

* Premium members only.

The historical data trend for Banco Bilbao Vizcaya Argentaria'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.

Banco Bilbao Vizcaya Argentaria E10 Chart

Banco Bilbao Vizcaya Argentaria 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 108.34 209.63 717.57 994.08 1,706.45

Banco Bilbao Vizcaya Argentaria Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 1,180.99 1,221.98 1,675.59 1,706.45 1,757.68

BUE:BBVA vs JPM, BAC, WFC: E10 Comparison

For the Banks - Diversified subindustry, Banco Bilbao Vizcaya Argentaria'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.


Banco Bilbao Vizcaya Argentaria Shiller PE Ratio vs Banks Industry

For the Banks industry and Financial Services sector, Banco Bilbao Vizcaya Argentaria's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Banco Bilbao Vizcaya Argentaria's Shiller PE Ratio falls into.


BUE:BBVA
48GF Score
Banco Bilbao Vizcaya Argentaria SA BUE:BBVA
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Banco Bilbao Vizcaya Argentaria 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, Banco Bilbao Vizcaya Argentaria's adjusted earnings per share data for the three months ended in Mar. 2026 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=824.399/129.8600*129.8600
=824.399

Current CPI (Mar. 2026) = 129.8600.

Banco Bilbao Vizcaya Argentaria Quarterly Data

per share eps CPI Adj_EPS
201606 2.456 100.333 3.179
201609 2.176 99.737 2.833
201612 1.505 101.842 1.919
201703 2.803 100.896 3.608
201706 2.964 101.848 3.779
201709 3.342 101.524 4.275
201712 0.238 102.975 0.300
201803 4.472 102.122 5.687
201806 4.953 104.165 6.175
201809 11.164 103.818 13.964
201812 6.005 104.193 7.484
201903 7.067 103.488 8.868
201906 8.582 104.612 10.653
201909 10.471 103.905 13.087
201912 -2.657 105.015 -3.286
202003 -19.890 103.469 -24.963
202006 6.168 104.254 7.683
202009 13.991 103.521 17.551
202012 17.820 104.456 22.154
202103 18.230 104.857 22.577
202106 9.131 107.102 11.071
202109 23.007 107.669 27.749
202112 22.823 111.298 26.629
202203 22.468 115.153 25.338
202206 31.800 118.044 34.983
202209 39.897 117.221 44.199
202212 42.623 117.650 47.046
202303 61.338 118.948 66.965
202306 85.807 120.278 92.643
202309 123.248 121.343 131.899
202312 129.913 121.300 139.081
202403 329.674 122.762 348.735
202406 453.052 124.409 472.904
202409 464.173 123.121 489.581
202412 423.037 124.753 440.354
202503 518.613 125.531 536.500
202506 629.905 127.251 642.821
202509 669.443 126.840 685.382
202512 713.847 128.400 721.964
202603 824.399 129.860 824.399

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 ARS1,757.68 mean?
Banco Bilbao Vizcaya Argentaria (BUE:BBVA) has a E10 of ARS1,757.68 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Banco Bilbao Vizcaya Argentaria and its competitors.
Is Banco Bilbao Vizcaya Argentaria's E10 too high?
Banco Bilbao Vizcaya Argentaria's current E10 is ARS1,757.68. Overall, Banco Bilbao Vizcaya Argentaria has a GF Score™ of 48/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Banco Bilbao Vizcaya Argentaria's E10 compare to JPM and BAC?
Banco Bilbao Vizcaya Argentaria's E10 of ARS1,757.68 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 Banco Bilbao Vizcaya Argentaria and its competitors. Banco Bilbao Vizcaya Argentaria's current E10 is ARS1,757.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Banco Bilbao Vizcaya Argentaria stock overvalued right now?
Based on GuruFocus' analysis, Banco Bilbao Vizcaya Argentaria (BUE:BBVA) is currently considered Significantly Overvalued. The stock's GF Value™ is ARS22,489.39, compared to a current price of ARS40,880.00 — trading 81.8% above its estimated fair value. The current E10 is ARS1,757.68. Banco Bilbao Vizcaya Argentaria's overall GF Score™ is 48/100 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 Banco Bilbao Vizcaya Argentaria (BUE:BBVA), the current E10 is ARS1,757.68 as of Mar. 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 Banco Bilbao Vizcaya Argentaria (BUE:BBVA) Overvalued in 2026?

Based on GuruFocus' analysis, Banco Bilbao Vizcaya Argentaria stock appears to be overvalued. The current stock price of ARS40,880.00 is trading 81.8% above its estimated GF Value™ of ARS22,489.39. GuruFocus considers Banco Bilbao Vizcaya Argentaria to be Significantly Overvalued.

Key valuation signals for BUE:BBVA:

  • E10: ARS1,757.68
  • GF Value™: ARS22,489.39 vs. price of ARS40,880.00 (81.8% above fair value)
  • GF Score™: 48/100 with 7 warning signs

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


Banco Bilbao Vizcaya Argentaria Business Description

Address Plaza San Nicolas, 4, Bilbao, ESP, 48005
Despite its Spanish origins, Banco Bilbao Vizcaya Argentaria generates only around one-fourth of its profits in Spain. We expect that on a normalized basis, BBVA's market-leading Mexican bank should contribute half of its earnings, while its Turkish operation should account for another 15%. The balance of BBVA's earnings comes from smaller operations in South America. BBVA is overwhelmingly a retail and commercial bank, with corporate and investment banking forming a minor part of the overall business. BBVA also offers insurance and investment products through its banking networks.
48GF Score

Get the complete analysis for BUE:BBVA

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

ARS40,880.00
Price
ARS22,489.39
GF Value