Banca Sistema SpA (CHIX:BSTM) E10: €0.34 (As of Mar. 2026)


CHIX:BSTM Banca Sistema SpA CHIX:BSTM
66 GF Score
Price €1.60
GF Value €1.80
! 2 Warning Signs
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What is Banca Sistema SpA E10?

Banca Sistema SpA CHIX:BSTM 66 E10 is €0.34 as of Mar. 2026. GuruFocus rates CHIX:BSTM with a GF Score™ of 66/100 and a GF Value™ of €1.80. 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.

Banca Sistema SpA's adjusted earnings per share data for the three months ended in Mar. 2026 was €0.047. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €0.34 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Banca Sistema SpA's average E10 Growth Rate was 5.70% 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 (2026-06-26), Banca Sistema SpA's current stock price is €1.604. Banca Sistema SpA's E10 for the quarter that ended in Mar. 2026 was €0.34. Banca Sistema SpA's Shiller PE Ratio of today is 4.72.

During the past 12 years, the highest Shiller PE Ratio of Banca Sistema SpA was 5.61. The lowest was 3.64. And the median was 4.61.


Banca Sistema SpA  (CHIX:BSTm) 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.

Banca Sistema SpA's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=1.604/0.34
=4.72

* 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 Banca Sistema SpA was 5.61. The lowest was 3.64. And the median was 4.61.


Be Aware

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


Banca Sistema SpA E10 Related Terms


Banca Sistema SpA E10 Historical Data

* Premium members only.

The historical data trend for Banca Sistema SpA'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.

Banca Sistema SpA E10 Chart

Banca Sistema SpA 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 0.00 0.00 0.42 0.37

Banca Sistema SpA 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 0.31 0.29 0.32 0.37 0.34

CHIX:BSTM vs PNC, USB: E10 Comparison

For the Banks - Regional subindustry, Banca Sistema SpA'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.


Banca Sistema SpA Shiller PE Ratio vs Banks Industry

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

* The bar in red indicates where Banca Sistema SpA's Shiller PE Ratio falls into.


CHIX:BSTM
66GF Score
Banca Sistema SpA CHIX:BSTM
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
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Banca Sistema SpA 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, Banca Sistema SpA'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)
=0.047/122.6000*122.6000
=0.047

Current CPI (Mar. 2026) = 122.6000.

Banca Sistema SpA Quarterly Data

per share eps CPI Adj_EPS
201606 0.121 99.900 0.148
201609 0.071 100.100 0.087
201612 0.049 100.300 0.060
201703 0.055 101.000 0.067
201706 0.069 101.100 0.084
201709 0.148 101.200 0.179
201712 0.062 101.200 0.075
201803 0.059 101.800 0.071
201806 0.088 102.400 0.105
201809 0.092 102.600 0.110
201812 0.111 102.300 0.133
201903 0.056 102.800 0.067
201906 0.079 103.100 0.094
201909 0.131 102.900 0.156
201912 0.106 102.800 0.126
202003 0.057 102.900 0.068
202006 0.099 102.900 0.118
202009 0.090 102.300 0.108
202012 0.079 102.600 0.094
202103 0.057 103.700 0.067
202106 0.050 104.200 0.059
202109 0.077 104.900 0.090
202112 0.105 106.600 0.121
202203 0.055 110.400 0.061
202206 0.092 112.500 0.100
202209 0.076 114.200 0.082
202212 0.052 119.000 0.054
202303 0.046 118.800 0.047
202306 0.037 119.700 0.038
202309 0.058 120.300 0.059
202312 0.064 119.700 0.066
202403 0.052 120.200 0.053
202406 0.004 120.700 0.004
202409 0.098 121.200 0.099
202412 0.160 121.200 0.162
202503 0.144 122.500 0.144
202506 -0.004 122.700 -0.004
202509 0.121 123.100 0.121
202512 0.265 122.600 0.265
202603 0.047 122.600 0.047

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 €0.34 mean?
Banca Sistema SpA (CHIX:BSTM) has a E10 of €0.34 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Banca Sistema SpA and its competitors.
Is Banca Sistema SpA's E10 too high?
Banca Sistema SpA's current E10 is €0.34. Overall, Banca Sistema SpA has a GF Score™ of 66/100, reflecting its overall financial health beyond just this single metric.
How does Banca Sistema SpA's E10 compare to PNC and USB?
Banca Sistema SpA's E10 of €0.34 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 Banca Sistema SpA and its competitors. Banca Sistema SpA's current E10 is €0.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Banca Sistema SpA stock overvalued right now?
Banca Sistema SpA (CHIX:BSTM) has a current E10 of €0.34. The stock's GF Value™ is €1.80, compared to a current price of €1.60 — trading 10.9% below its estimated fair value. The current E10 is €0.34. Banca Sistema SpA's overall GF Score™ is 66/100 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 Banca Sistema SpA (CHIX:BSTM), the current E10 is €0.34 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 Banca Sistema SpA (CHIX:BSTM) Overvalued in 2026?

Based on GuruFocus' analysis, Banca Sistema SpA stock appears to be undervalued. The current stock price of €1.60 is trading 10.9% below its estimated GF Value™ of €1.80.

Key valuation signals for CHIX:BSTM:

  • E10: €0.34
  • GF Value™: €1.80 vs. price of €1.60 (10.9% below fair value)
  • GF Score™: 66/100 with 2 warning signs

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


Banca Sistema SpA Business Description

Other Exchanges BST:Italy0R9H:UKB2S:Germany
Address Largo Augusto 1/A, At the corner of Via Verziere 13, Milan, ITA, 20122
Banca Sistema SpA provides factoring and banking services. It specializes in the acquisition, management, and financing of receivables. The firm's products and services comprise current accounts, time deposits, funding for SMEs, non-recourse factoring, credit management, and payment services. Segment reporting of the company includes the following divisions: Factoring Division includes business related to the origination of trade and tax receivables with and without recourse, and the management. Retail Division, which includes the business related to the purchase of salary- and pension-backed loans. Collateralized Lending Division includes the business related to collateral-backed loans. Corporate Division includes activities related to the management of the Group's financial resources.
66GF Score

Get the complete analysis for CHIX:BSTM

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

€1.60
Price
€1.80
GF Value