Credit du Maroc (CAS:CDM) E10: MAD56.82 (As of Mar. 2026)


CAS:CDM Credit du Maroc SA CAS:CDM
56 GF Score
Price MAD990.00
GF Value MAD1,078.34
Valuation Fairly Valued
! 2 Warning Signs
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What is Credit du Maroc E10?

Credit du Maroc CAS:CDM +1.02% 56 E10 is MAD56.82 as of Mar. 2026. GuruFocus rates CAS:CDM with a GF Score™ of 56/100 and a GF Value™ of MAD1,078.34 (Fairly Valued). The stock has 2 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.

Credit du Maroc's adjusted earnings per share data for the three months ended in Mar. 2026 was MAD24.980. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is MAD56.82 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Credit du Maroc's average E10 Growth Rate was 18.70% per year. During the past 3 years, the average E10 Growth Rate was 12.10% 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 Credit du Maroc was 12.10% per year. The lowest was 12.10% per year. And the median was 12.10% per year.

As of today (2026-06-24), Credit du Maroc's current stock price is MAD990.00. Credit du Maroc's E10 for the quarter that ended in Mar. 2026 was MAD56.82. Credit du Maroc's Shiller PE Ratio of today is 17.42.

During the past 13 years, the highest Shiller PE Ratio of Credit du Maroc was 25.55. The lowest was 13.80. And the median was 20.11.


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
=990.00/56.82
=17.42

* 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 25.55. The lowest was 13.80. And the median was 20.11.


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


Credit du Maroc E10 Historical Data

* Premium members only.

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.

Credit du Maroc E10 Chart

Credit du Maroc 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 38.42 40.41 45.99 54.16

Credit du Maroc 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 47.86 50.06 52.22 54.16 56.82

CAS:CDM vs PNC, USB: E10 Comparison

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 Shiller PE Ratio vs 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.


CAS:CDM
56GF Score
Credit du Maroc SA CAS:CDM
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

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 Mar. 2026 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=24.98/330.2130*330.2130
=24.980

Current CPI (Mar. 2026) = 330.2130.

Credit du Maroc Quarterly Data

per share eps CPI Adj_EPS
201606 8.570 241.018 11.742
201609 8.190 241.428 11.202
201612 5.390 241.432 7.372
201703 9.600 243.801 13.003
201706 10.810 244.955 14.572
201709 9.290 246.819 12.429
201712 3.880 246.524 5.197
201803 10.590 249.554 14.013
201806 13.620 251.989 17.848
201809 10.800 252.439 14.127
201812 19.140 251.233 25.157
201903 11.500 254.202 14.939
201906 16.130 256.143 20.794
201909 12.370 256.759 15.909
201912 6.760 256.974 8.687
202003 6.730 258.115 8.610
202006 -4.550 257.797 -5.828
202009 7.390 260.280 9.376
202012 7.920 260.474 10.040
202103 8.440 264.877 10.522
202106 17.090 271.696 20.771
202109 10.410 274.310 12.532
202112 21.720 278.802 25.725
202203 12.360 287.504 14.196
202206 17.480 296.311 19.480
202209 10.440 296.808 11.615
202212 -3.130 296.797 -3.482
202303 12.560 301.836 13.741
202306 13.700 305.109 14.827
202309 14.720 307.789 15.792
202312 5.250 306.746 5.652
202403 14.630 312.332 15.468
202406 21.290 314.175 22.377
202409 16.960 315.301 17.762
202412 15.210 315.605 15.914
202503 18.210 319.799 18.803
202506 22.700 322.561 23.239
202509 22.500 324.800 22.875
202512 15.950 324.054 16.253
202603 24.980 330.213 24.980

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 MAD56.82 mean?
Credit du Maroc (CAS:CDM) has a E10 of MAD56.82 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Credit du Maroc and its competitors.
Is Credit du Maroc's E10 too high?
Credit du Maroc's current E10 is MAD56.82. Overall, Credit du Maroc has a GF Score™ of 56/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Credit du Maroc's E10 compare to PNC and USB?
Credit du Maroc's E10 of MAD56.82 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 Credit du Maroc and its competitors. Credit du Maroc's current E10 is MAD56.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Credit du Maroc stock overvalued right now?
Based on GuruFocus' analysis, Credit du Maroc (CAS:CDM) is currently considered Fairly Valued. The stock's GF Value™ is MAD1,078.34, compared to a current price of MAD990.00 — trading 8.2% below its estimated fair value. The current E10 is MAD56.82. Credit du Maroc's overall GF Score™ is 56/100 with 2 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 Credit du Maroc (CAS:CDM), the current E10 is MAD56.82 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 Credit du Maroc (CAS:CDM) Overvalued in 2026?

Based on GuruFocus' analysis, Credit du Maroc stock appears to be undervalued. The current stock price of MAD990.00 is trading 8.2% below its estimated GF Value™ of MAD1,078.34. GuruFocus considers Credit du Maroc to be Fairly Valued.

Key valuation signals for CAS:CDM:

  • E10: MAD56.82
  • GF Value™: MAD1,078.34 vs. price of MAD990.00 (8.2% below fair value)
  • GF Score™: 56/100 with 2 warning signs

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


Credit du Maroc Business Description

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.
56GF Score

Get the complete analysis for CAS:CDM

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

MAD990.00
Price
MAD1,078.34
GF Value