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CHBJF (China Citic Bank) E10 : $0.08 (As of Sep. 2024)


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What is China Citic Bank 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.

China Citic Bank's adjusted earnings per share data for the three months ended in Sep. 2024 was $0.038. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $0.08 for the trailing ten years ended in Sep. 2024.

During the past 12 months, China Citic Bank's average E10 Growth Rate was 2.00% per year. During the past 3 years, the average E10 Growth Rate was 2.80% per year. During the past 5 years, the average E10 Growth Rate was 3.80% 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 China Citic Bank was 16.70% per year. The lowest was 2.80% per year. And the median was 5.70% per year.

As of today (2025-03-02), China Citic Bank's current stock price is $0.7752. China Citic Bank's E10 for the quarter that ended in Sep. 2024 was $0.08. China Citic Bank's Shiller PE Ratio of today is 9.69.

During the past 13 years, the highest Shiller PE Ratio of China Citic Bank was 14.16. The lowest was 4.52. And the median was 6.62.


China Citic Bank E10 Historical Data

The historical data trend for China Citic Bank'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.

China Citic Bank E10 Chart

China Citic Bank 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 0.08 0.07 0.08 0.09 0.09

China Citic Bank 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 0.08 0.09 0.09 0.09 0.08

Competitive Comparison of China Citic Bank's E10

For the Banks - Regional subindustry, China Citic Bank'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.


China Citic Bank's Shiller PE Ratio Distribution in the Banks Industry

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

* The bar in red indicates where China Citic Bank's Shiller PE Ratio falls into.



China Citic Bank 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, China Citic Bank'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)
=0.038/115.7848*115.7848
=0.038

Current CPI (Sep. 2024) = 115.7848.

China Citic Bank Quarterly Data

per share eps CPI Adj_EPS
201412 0.029 99.000 0.034
201503 0.037 99.900 0.043
201506 0.040 99.500 0.047
201509 0.035 100.500 0.040
201512 0.028 100.600 0.032
201603 0.035 102.200 0.040
201606 0.038 101.400 0.043
201609 0.033 102.400 0.037
201612 0.020 102.600 0.023
201703 0.033 103.200 0.037
201706 0.038 103.100 0.043
201709 0.029 104.100 0.032
201712 0.024 104.500 0.027
201803 0.040 105.300 0.044
201806 0.043 104.900 0.047
201809 0.028 106.600 0.030
201812 0.023 106.500 0.025
201903 0.039 107.700 0.042
201906 0.042 107.700 0.045
201909 0.028 109.800 0.030
201912 0.020 111.200 0.021
202003 0.038 112.300 0.039
202006 0.030 110.400 0.031
202009 0.028 111.700 0.029
202012 0.029 111.500 0.030
202103 0.045 112.662 0.046
202106 0.039 111.769 0.040
202109 0.033 112.215 0.034
202112 0.036 113.108 0.037
202203 0.050 114.335 0.051
202206 0.037 114.558 0.037
202209 0.034 115.339 0.034
202212 0.036 115.116 0.036
202303 0.051 115.116 0.051
202306 0.039 114.558 0.039
202309 0.034 115.339 0.034
202312 0.036 114.781 0.036
202403 0.053 115.227 0.053
202406 0.036 114.781 0.036
202409 0.038 115.785 0.038

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


China Citic Bank  (OTCPK:CHBJF) 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.

China Citic Bank's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=0.7752/0.08
=9.69

* 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 China Citic Bank was 14.16. The lowest was 4.52. And the median was 6.62.


Be Aware

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


China Citic Bank E10 Related Terms

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


China Citic Bank Business Description

Address
10 Guanghua Road, 6-30/F and 32-42/F, Building No. 1, Chaoyang District, Beijing, CHN, 100020
As the ninth-largest commercial bank in China, China Citic Bank is headquartered in Beijing. It offers a full range of commercial banking services, with 1,459 outlets in 153 cities in China and branches in Hong Kong, Macao, New York, Los Angeles, and Singapore, as of mid-2024. The bank was founded in 1987 and is a major subsidiary of Citic Group, a leading state-owned conglomerate in China.

China Citic Bank Headlines