BY (Byline Bancorp) E10: $2.40 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BY Byline Bancorp Inc BY
66 GF Score
Price $39.75
GF Value $28.60
Valuation Significantly Overvalued
! 7 Warning Signs
View Full Analysis

What is Byline Bancorp E10?

Byline Bancorp BY -0.08% 66 E10 is $2.40 as of Mar. 2026. GuruFocus rates BY with a GF Score™ of 66/100 and a GF Value™ of $28.60 (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.

Byline Bancorp's adjusted earnings per share data for the three months ended in Mar. 2026 was $0.830. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $2.40 for the trailing ten years ended in Mar. 2026.

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 (2026-08-05), Byline Bancorp's current stock price is $39.75. Byline Bancorp's E10 for the quarter that ended in Mar. 2026 was $2.40. Byline Bancorp's Shiller PE Ratio of today is 16.56.

During the past 11 years, the highest Shiller PE Ratio of Byline Bancorp was 16.68. The lowest was 11.64. And the median was 13.63.


Byline Bancorp  (NYSE:BY) 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.

Byline Bancorp's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=39.75/2.40
=16.56

* 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 11 years, the highest Shiller P/E Ratio of Byline Bancorp was 16.68. The lowest was 11.64. And the median was 13.63.


Be Aware

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


Byline Bancorp E10 Related Terms


Byline Bancorp E10 Historical Data

* Premium members only.

The historical data trend for Byline Bancorp'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.

Byline Bancorp E10 Chart

Byline Bancorp 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 0.00 0.00 0.00 0.00 2.27

Byline Bancorp 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 0.00 0.00 2.25 2.27 2.40

BY vs DCOM, HOPE, OCFC: E10 Comparison

For the Banks - Regional subindustry, Byline Bancorp'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.


Byline Bancorp Shiller PE Ratio vs Banks Industry

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

* The bar in red indicates where Byline Bancorp's Shiller PE Ratio falls into.


BY
66GF Score
Byline Bancorp Inc BY
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Byline Bancorp 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, Byline Bancorp'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)
=0.83/330.2130*330.2130
=0.830

Current CPI (Mar. 2026) = 330.2130.

Byline Bancorp Quarterly Data

per share eps CPI Adj_EPS
201606 0.105 241.018 0.144
201609 0.063 241.428 0.086
201612 2.591 241.432 3.544
201703 0.224 243.801 0.303
201706 -0.180 244.955 -0.243
201709 0.320 246.819 0.428
201712 -0.030 246.524 -0.040
201803 0.220 249.554 0.291
201806 0.080 251.989 0.105
201809 0.390 252.439 0.510
201812 0.460 251.233 0.605
201903 0.340 254.202 0.442
201906 0.340 256.143 0.438
201909 0.390 256.759 0.502
201912 0.410 256.974 0.527
202003 0.070 258.115 0.090
202006 0.240 257.797 0.307
202009 0.340 260.280 0.431
202012 0.310 260.474 0.393
202103 0.560 264.877 0.698
202106 0.730 271.696 0.887
202109 0.660 274.310 0.795
202112 0.450 278.802 0.533
202203 0.580 287.504 0.666
202206 0.540 296.311 0.602
202209 0.610 296.808 0.679
202212 0.650 296.797 0.723
202303 0.640 301.836 0.700
202306 0.700 305.109 0.758
202309 0.650 307.789 0.697
202312 0.680 306.746 0.732
202403 0.700 312.332 0.740
202406 0.680 314.175 0.715
202409 0.690 315.301 0.723
202412 0.690 315.605 0.722
202503 0.640 319.799 0.661
202506 0.660 322.561 0.676
202509 0.820 324.800 0.834
202512 0.760 324.054 0.774
202603 0.830 330.213 0.830

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 $2.40 mean?
Byline Bancorp (BY) has a E10 of $2.40 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Byline Bancorp and its competitors.
Is Byline Bancorp's E10 too high?
Byline Bancorp's current E10 is $2.40. Overall, Byline Bancorp has a GF Score™ of 66/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Byline Bancorp's E10 compare to DCOM and HOPE?
Byline Bancorp's E10 of $2.40 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 Byline Bancorp and its competitors. Byline Bancorp's current E10 is $2.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Byline Bancorp stock overvalued right now?
Based on GuruFocus' analysis, Byline Bancorp (BY) is currently considered Significantly Overvalued. The stock's GF Value™ is $28.60, compared to a current price of $39.75 — trading 39% above its estimated fair value. The current E10 is $2.40. Byline Bancorp's overall GF Score™ is 66/100 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 Byline Bancorp (BY), the current E10 is $2.40 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 Byline Bancorp (BY) Overvalued in 2026?

Based on GuruFocus' analysis, Byline Bancorp stock appears to be overvalued. The current stock price of $39.75 is trading 39% above its estimated GF Value™ of $28.60. GuruFocus considers Byline Bancorp to be Significantly Overvalued.

Key valuation signals for BY:

  • E10: $2.40
  • GF Value™: $28.60 vs. price of $39.75 (39% above fair value)
  • GF Score™: 66/100 with 7 warning signs

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


Byline Bancorp Business Description

Other Exchanges 44F:Germany
Address 180 North LaSalle Street, Suite 300, Chicago, IL, USA, 60601
Byline Bancorp Inc is the holding company for Byline Bank, a full-service commercial bank serving small-and-medium sized businesses, financial sponsors, and consumers. The company offers a broad range of banking products and services to small and medium sized businesses, commercial real estate and online account opening to consumer and business. Also provide trust and wealth management services to its customers. In addition to traditional commercial banking business, company provide small ticket equipment leasing solutions through a wholly-owned subsidiary of Byline Bank.
66GF Score

Get the complete analysis for BY

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

$39.75
Price
$28.60
GF Value