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Banco Provincial (CAR:BPV) E10 : VES1.05 (As of Jun. 2023)


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What is Banco Provincial 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 Provincial's adjusted earnings per share data for the fiscal year that ended in Dec. 2022 was VES2.219. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is VES1.05 for the trailing ten years ended in Dec. 2022.

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 (2024-05-16), Banco Provincial's current stock price is VES 3.70. Banco Provincial's E10 for the fiscal year that ended in Dec. 2022 was VES1.05. Banco Provincial's Shiller PE Ratio of today is 3.52.

During the past 12 years, the highest Shiller PE Ratio of Banco Provincial was 20.00. The lowest was 0.77. And the median was 3.73.


Banco Provincial E10 Historical Data

The historical data trend for Banco Provincial'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 Provincial E10 Chart

Banco Provincial Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 0.59 0.71 1.05

Banco Provincial Semi-Annual Data
Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23
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 - 0.71 - 1.05 -

Competitive Comparison of Banco Provincial's E10

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

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

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



Banco Provincial 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 Provincial's adjusted earnings per share data for the fiscal year that ended in Dec. 2022 was:

Adj_EPS=Earnings per Share (Diluted) /CPI of Dec. 2022 (Change)*Current CPI (Dec. 2022)
=2.219/125.2218*125.2218
=2.219

Current CPI (Dec. 2022) = 125.2218.

Banco Provincial Annual Data

per_share_eps CPI Adj_EPS
201312 0.000 98.326 0.000
201412 0.000 99.070 0.000
201512 0.000 99.792 0.000
201612 0.000 101.863 0.000
201712 0.000 104.011 0.000
201812 0.757 105.998 0.894
201912 0.499 108.420 0.576
202012 0.484 109.897 0.551
202112 0.956 117.630 1.018
202212 2.219 125.222 2.219

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


Banco Provincial  (CAR:BPV) 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 Provincial's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=3.70/1.05
=3.52

* 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 12 years, the highest Shiller P/E Ratio of Banco Provincial was 20.00. The lowest was 0.77. And the median was 3.73.


Be Aware

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


Banco Provincial E10 Related Terms

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


Banco Provincial (CAR:BPV) Business Description

Traded in Other Exchanges
N/A
Address
Urbanisation San Bernardino Avenue East West, Provincial Financial Center, Caracas, VEN
Banco Provincial SA operates as a bank in Venezuela. The company offers Current, Savings, Foreign currency accounts, mutual funds, Gold credit card, Classic Credit card, debit cards. It also provides various banking services which include personal loans, mortgage loan, vehicle loans, flexible credit to its customers in Venezuela.

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