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Banco Patagonia (BUE:BPAA) E10 : ARS0.05 (As of Mar. 2024)


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What is Banco Patagonia 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.

Banco Patagonia's adjusted earnings per share data for the three months ended in Mar. 2024 was ARS49.771. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ARS0.05 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Banco Patagonia's average E10 Growth Rate was 76.10% per year. During the past 3 years, the average E10 Growth Rate was 63.10% per year. During the past 5 years, the average E10 Growth Rate was 55.50% 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 Banco Patagonia was 63.10% per year. The lowest was 44.70% per year. And the median was 49.80% per year.

As of today (2024-06-23), Banco Patagonia's current stock price is ARS1.31. Banco Patagonia's E10 for the quarter that ended in Mar. 2024 was ARS0.05. Banco Patagonia's Shiller PE Ratio of today is 26.20.

During the past 13 years, the highest Shiller PE Ratio of Banco Patagonia was 68.27. The lowest was 6.05. And the median was 9.82.


Banco Patagonia E10 Historical Data

The historical data trend for Banco Patagonia'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.

Banco Patagonia E10 Chart

Banco Patagonia Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.15 0.13 0.14 0.18 0.07

Banco Patagonia Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 0.19 0.10 0.10 0.07 0.05

Competitive Comparison of Banco Patagonia's E10

For the Banks - Regional subindustry, Banco Patagonia'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 Patagonia's Shiller PE Ratio Distribution in the Banks Industry

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

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



Banco Patagonia 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 Patagonia's adjusted earnings per share data for the three months ended in Mar. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=49.771/131.7762*131.7762
=49.771

Current CPI (Mar. 2024) = 131.7762.

Banco Patagonia Quarterly Data

per share eps CPI Adj_EPS
201406 0.566 100.560 0.742
201409 0.632 100.428 0.829
201412 0.579 99.070 0.770
201503 0.800 99.621 1.058
201506 0.684 100.684 0.895
201509 0.837 100.392 1.099
201512 1.044 99.792 1.379
201603 1.048 100.470 1.375
201606 1.144 101.688 1.482
201609 1.170 101.861 1.514
201612 1.093 101.863 1.414
201703 1.046 102.862 1.340
201706 1.268 103.349 1.617
201709 1.187 104.136 1.502
201712 0.759 104.011 0.962
201803 1.377 105.290 1.723
201806 1.595 106.317 1.977
201809 1.877 106.507 2.322
201812 2.591 105.998 3.221
201903 1.782 107.251 2.190
201906 6.488 108.070 7.911
201909 7.802 108.329 9.491
201912 4.298 108.420 5.224
202003 6.817 108.902 8.249
202006 4.407 108.767 5.339
202009 4.664 109.815 5.597
202012 4.160 109.897 4.988
202103 3.216 111.754 3.792
202106 2.842 114.631 3.267
202109 4.855 115.734 5.528
202112 6.165 117.630 6.906
202203 6.255 121.301 6.795
202206 13.955 125.017 14.710
202209 0.468 125.227 0.492
202212 51.008 125.222 53.678
202303 32.783 127.348 33.923
202306 15.339 128.729 15.702
202309 21.981 129.860 22.305
202312 62.455 129.419 63.592
202403 49.771 131.776 49.771

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


Banco Patagonia  (BUE:BPAA) 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 Patagonia's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=1.31/0.05
=26.20

* 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 Patagonia was 68.27. The lowest was 6.05. And the median was 9.82.


Be Aware

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


Banco Patagonia E10 Related Terms

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


Banco Patagonia (BUE:BPAA) Business Description

Traded in Other Exchanges
Address
Avenida de Mayo 701, 24th Floor, Buenos Aires, ARG
Banco Patagonia SA is a commercial bank based in Argentina. It provides products and services including savings accounts, checking accounts. It also provides mortgage loans, debit and credit cards, fixed-term deposits, consumer and commercial loans personal loans and other banking services. The company serves individuals, foreign residents, corporate customers, large companies, medium and small enterprises as well as agribusiness, private, financial, non-financial and government sector.

Banco Patagonia (BUE:BPAA) Headlines

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