Banque Marocaine pour le Commerce et l'Industrie (CAS:BCI) E10: MAD33.52 (As of Mar. 2026)


CAS:BCI Banque Marocaine pour le Commerce et l'Industrie SA CAS:BCI
45 GF Score
Price MAD625.90
GF Value MAD636.33
Valuation Fairly Valued
! 4 Warning Signs
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What is Banque Marocaine pour le Commerce et l'Industrie E10?

Banque Marocaine pour le Commerce et l'Industrie CAS:BCI +0.51% 45 E10 is MAD33.52 as of Mar. 2026. GuruFocus rates CAS:BCI with a GF Score™ of 45/100 and a GF Value™ of MAD636.33 (Fairly Valued). The stock has 4 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.

Banque Marocaine pour le Commerce et l'Industrie's adjusted earnings per share data for the three months ended in Mar. 2026 was MAD12.000. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is MAD33.52 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Banque Marocaine pour le Commerce et l'Industrie's average E10 Growth Rate was 4.50% per year. During the past 3 years, the average E10 Growth Rate was 0.10% 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 Banque Marocaine pour le Commerce et l'Industrie was 0.10% per year. The lowest was 0.10% per year. And the median was 0.10% per year.

As of today (2026-06-28), Banque Marocaine pour le Commerce et l'Industrie's current stock price is MAD625.90. Banque Marocaine pour le Commerce et l'Industrie's E10 for the quarter that ended in Mar. 2026 was MAD33.52. Banque Marocaine pour le Commerce et l'Industrie's Shiller PE Ratio of today is 18.67.

During the past 13 years, the highest Shiller PE Ratio of Banque Marocaine pour le Commerce et l'Industrie was 20.57. The lowest was 9.40. And the median was 17.90.


Banque Marocaine pour le Commerce et l'Industrie  (CAS:BCI) 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.

Banque Marocaine pour le Commerce et l'Industrie's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=625.90/33.52
=18.67

* 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 Banque Marocaine pour le Commerce et l'Industrie was 20.57. The lowest was 9.40. And the median was 17.90.


Be Aware

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


Banque Marocaine pour le Commerce et l'Industrie E10 Related Terms


Banque Marocaine pour le Commerce et l'Industrie E10 Historical Data

* Premium members only.

The historical data trend for Banque Marocaine pour le Commerce et l'Industrie'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.

Banque Marocaine pour le Commerce et l'Industrie E10 Chart

Banque Marocaine pour le Commerce et l'Industrie 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 32.46 30.77 0.00 32.51

Banque Marocaine pour le Commerce et l'Industrie 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 32.09 32.41 32.59 32.51 33.52

CAS:BCI vs PNC, USB: E10 Comparison

For the Banks - Regional subindustry, Banque Marocaine pour le Commerce et l'Industrie'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.


Banque Marocaine pour le Commerce et l'Industrie Shiller PE Ratio vs Banks Industry

For the Banks industry and Financial Services sector, Banque Marocaine pour le Commerce et l'Industrie's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Banque Marocaine pour le Commerce et l'Industrie's Shiller PE Ratio falls into.


CAS:BCI
45GF Score
Banque Marocaine pour le Commerce et l'Industrie SA CAS:BCI
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Banque Marocaine pour le Commerce et l'Industrie 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, Banque Marocaine pour le Commerce et l'Industrie'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)
=12/330.2130*330.2130
=12.000

Current CPI (Mar. 2026) = 330.2130.

Banque Marocaine pour le Commerce et l'Industrie Quarterly Data

per share eps CPI Adj_EPS
201606 0.000 241.018 0.000
201609 10.000 241.428 13.677
201612 2.000 241.432 2.735
201703 11.000 243.801 14.899
201706 14.815 244.955 19.971
201709 9.498 246.819 12.707
201712 5.000 246.524 6.697
201803 12.000 249.554 15.879
201806 14.000 251.989 18.346
201809 8.673 252.439 11.345
201812 7.000 251.233 9.201
201903 10.000 254.202 12.990
201906 16.921 256.143 21.814
201909 8.000 256.759 10.289
201912 10.339 256.974 13.286
202003 2.000 258.115 2.559
202006 2.136 257.797 2.736
202009 4.000 260.280 5.075
202012 2.880 260.474 3.651
202103 6.000 264.877 7.480
202106 13.000 271.696 15.800
202109 -3.355 274.310 -4.039
202112 -1.146 278.802 -1.357
202203 4.000 287.504 4.594
202206 1.978 296.311 2.204
202209 3.000 296.808 3.338
202212 8.000 296.797 8.901
202303 4.000 301.836 4.376
202306 12.000 305.109 12.987
202309 1.708 307.789 1.832
202312 -5.183 306.746 -5.580
202403 8.000 312.332 8.458
202406 8.000 314.175 8.408
202409 7.746 315.301 8.112
202412 0.000 315.605 0.000
202503 8.000 319.799 8.261
202506 8.481 322.561 8.682
202509 7.796 324.800 7.926
202512 8.000 324.054 8.152
202603 12.000 330.213 12.000

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 MAD33.52 mean?
Banque Marocaine pour le Commerce et l'Industrie (CAS:BCI) has a E10 of MAD33.52 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Banque Marocaine pour le Commerce et l'Industrie and its competitors.
Is Banque Marocaine pour le Commerce et l'Industrie's E10 too high?
Banque Marocaine pour le Commerce et l'Industrie's current E10 is MAD33.52. Overall, Banque Marocaine pour le Commerce et l'Industrie has a GF Score™ of 45/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Banque Marocaine pour le Commerce et l'Industrie's E10 compare to PNC and USB?
Banque Marocaine pour le Commerce et l'Industrie's E10 of MAD33.52 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 Banque Marocaine pour le Commerce et l'Industrie and its competitors. Banque Marocaine pour le Commerce et l'Industrie's current E10 is MAD33.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Banque Marocaine pour le Commerce et l'Industrie stock overvalued right now?
Based on GuruFocus' analysis, Banque Marocaine pour le Commerce et l'Industrie (CAS:BCI) is currently considered Fairly Valued. The stock's GF Value™ is MAD636.33, compared to a current price of MAD625.90 — trading 1.6% below its estimated fair value. The current E10 is MAD33.52. Banque Marocaine pour le Commerce et l'Industrie's overall GF Score™ is 45/100 with 4 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 Banque Marocaine pour le Commerce et l'Industrie (CAS:BCI), the current E10 is MAD33.52 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 Banque Marocaine pour le Commerce et l'Industrie (CAS:BCI) Overvalued in 2026?

Based on GuruFocus' analysis, Banque Marocaine pour le Commerce et l'Industrie stock appears to be undervalued. The current stock price of MAD625.90 is trading 1.6% below its estimated GF Value™ of MAD636.33. GuruFocus considers Banque Marocaine pour le Commerce et l'Industrie to be Fairly Valued.

Key valuation signals for CAS:BCI:

  • E10: MAD33.52
  • GF Value™: MAD636.33 vs. price of MAD625.90 (1.6% below fair value)
  • GF Score™: 45/100 with 4 warning signs

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


Banque Marocaine pour le Commerce et l'Industrie Business Description

Address 26, place des Nations Unies, Casablanca, MAR, 20000
Banque Marocaine pour le Commerce et l'Industrie SA is a Morocco-based banking firm. The company provides retail and corporate banking services. It also provides investment, insurance, credit and other services. In addition, it offers remote banking, furniture and real estate leasing and asset management services.
45GF Score

Get the complete analysis for CAS:BCI

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

MAD625.90
Price
MAD636.33
GF Value