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Credit du Maroc (CAS:CDM) E10 : MAD44.33 (As of Sep. 2024)


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What is Credit du Maroc 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.

Credit du Maroc's adjusted earnings per share data for the three months ended in Sep. 2024 was MAD16.960. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is MAD44.33 for the trailing ten years ended in Sep. 2024.

During the past 12 months, Credit du Maroc's average E10 Growth Rate was 5.20% 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.

As of today (2025-03-02), Credit du Maroc's current stock price is MAD1160.00. Credit du Maroc's E10 for the quarter that ended in Sep. 2024 was MAD44.33. Credit du Maroc's Shiller PE Ratio of today is 26.17.

During the past 13 years, the highest Shiller PE Ratio of Credit du Maroc was 26.37. The lowest was 12.98. And the median was 18.01.


Credit du Maroc E10 Historical Data

The historical data trend for Credit du Maroc'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.

Credit du Maroc E10 Chart

Credit du Maroc 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 - - - 39.56 40.41

Credit du Maroc Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 42.14 40.41 41.60 42.92 44.33

Competitive Comparison of Credit du Maroc's E10

For the Banks - Regional subindustry, Credit du Maroc'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.


Credit du Maroc's Shiller PE Ratio Distribution in the Banks Industry

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

* The bar in red indicates where Credit du Maroc's Shiller PE Ratio falls into.



Credit du Maroc 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, Credit du Maroc's adjusted earnings per share data for the three months ended in Sep. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Sep. 2024 (Change)*Current CPI (Sep. 2024)
=16.96/133.0289*133.0289
=16.960

Current CPI (Sep. 2024) = 133.0289.

Credit du Maroc Quarterly Data

per share eps CPI Adj_EPS
201412 -0.709 99.070 -0.952
201503 4.150 99.621 5.542
201506 3.580 100.684 4.730
201509 3.180 100.392 4.214
201512 -3.390 99.792 -4.519
201603 6.220 100.470 8.236
201606 8.570 101.688 11.211
201609 8.190 101.861 10.696
201612 5.390 101.863 7.039
201703 9.600 102.862 12.415
201706 10.810 103.349 13.914
201709 9.290 104.136 11.868
201712 3.880 104.011 4.962
201803 10.590 105.290 13.380
201806 13.620 106.317 17.042
201809 10.800 106.507 13.489
201812 19.140 105.998 24.021
201903 11.500 107.251 14.264
201906 16.130 108.070 19.855
201909 12.370 108.329 15.190
201912 6.760 108.420 8.294
202003 6.730 108.902 8.221
202006 -4.550 108.767 -5.565
202009 7.390 109.815 8.952
202012 7.920 109.897 9.587
202103 8.440 111.754 10.047
202106 17.090 114.631 19.833
202109 10.410 115.734 11.966
202112 21.720 117.630 24.563
202203 12.360 121.301 13.555
202206 17.480 125.017 18.600
202209 10.440 125.227 11.090
202212 -3.130 125.222 -3.325
202303 12.560 127.348 13.120
202306 13.700 128.729 14.158
202309 14.720 129.860 15.079
202312 5.250 129.419 5.396
202403 14.630 131.776 14.769
202406 21.290 132.554 21.366
202409 16.960 133.029 16.960

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


Credit du Maroc  (CAS:CDM) 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.

Credit du Maroc's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=1160.00/44.33
=26.17

* 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 Credit du Maroc was 26.37. The lowest was 12.98. And the median was 18.01.


Be Aware

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


Credit du Maroc E10 Related Terms

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


Credit du Maroc Business Description

Traded in Other Exchanges
N/A
Address
48-58 Bd. Mohammed V, Casablanca, MAR
Credit du Maroc SA provides banking services. The company provides commercial banking activities and financial. commercial. property-related activities for its customers in Morocco or overseas.

Credit du Maroc Headlines

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