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Svenska Handelsbanken AB (CHIX:SHBAS) E10 : kr11.90 (As of Mar. 2025)


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What is Svenska Handelsbanken AB 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.

Svenska Handelsbanken AB's adjusted earnings per share data for the three months ended in Mar. 2025 was kr3.190. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is kr11.90 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Svenska Handelsbanken AB's average E10 Growth Rate was 3.40% per year. During the past 3 years, the average E10 Growth Rate was 9.30% per year. During the past 5 years, the average E10 Growth Rate was 8.00% 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 Svenska Handelsbanken AB was 10.30% per year. The lowest was 7.00% per year. And the median was 9.30% per year.

As of today (2025-06-23), Svenska Handelsbanken AB's current stock price is kr124.675. Svenska Handelsbanken AB's E10 for the quarter that ended in Mar. 2025 was kr11.90. Svenska Handelsbanken AB's Shiller PE Ratio of today is 10.48.

During the past 13 years, the highest Shiller PE Ratio of Svenska Handelsbanken AB was 12.49. The lowest was 8.26. And the median was 9.96.


Svenska Handelsbanken AB E10 Historical Data

The historical data trend for Svenska Handelsbanken AB'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.

Svenska Handelsbanken AB E10 Chart

Svenska Handelsbanken AB Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.44 8.99 10.38 11.03 12.03

Svenska Handelsbanken AB Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 11.32 11.34 11.65 12.03 11.90

Competitive Comparison of Svenska Handelsbanken AB's E10

For the Banks - Diversified subindustry, Svenska Handelsbanken AB'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.


Svenska Handelsbanken AB's Shiller PE Ratio Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Svenska Handelsbanken AB's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Svenska Handelsbanken AB's Shiller PE Ratio falls into.


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Svenska Handelsbanken AB 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, Svenska Handelsbanken AB's adjusted earnings per share data for the three months ended in Mar. 2025 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=3.19/132.8245*132.8245
=3.190

Current CPI (Mar. 2025) = 132.8245.

Svenska Handelsbanken AB Quarterly Data

per share eps CPI Adj_EPS
201506 2.140 99.995 2.843
201509 1.930 100.228 2.558
201512 2.310 100.276 3.060
201603 2.070 100.751 2.729
201606 2.150 101.019 2.827
201609 2.320 101.138 3.047
201612 1.760 102.022 2.291
201703 2.100 102.022 2.734
201706 2.060 102.752 2.663
201709 2.130 103.279 2.739
201712 1.910 103.793 2.444
201803 2.040 103.962 2.606
201806 2.660 104.875 3.369
201809 2.090 105.679 2.627
201812 2.040 105.912 2.558
201903 2.420 105.886 3.036
201906 2.140 106.742 2.663
201909 1.810 107.214 2.242
201912 2.220 107.766 2.736
202003 1.990 106.563 2.480
202006 2.000 107.498 2.471
202009 1.680 107.635 2.073
202012 2.210 108.296 2.711
202103 2.210 108.360 2.709
202106 2.390 108.928 2.914
202109 2.620 110.338 3.154
202112 2.640 112.486 3.117
202203 2.870 114.825 3.320
202206 2.130 118.384 2.390
202209 2.925 122.296 3.177
202212 3.020 126.365 3.174
202303 3.440 127.042 3.597
202306 3.587 129.407 3.682
202309 4.015 130.224 4.095
202312 3.657 131.912 3.682
202403 3.330 132.205 3.346
202406 3.430 132.716 3.433
202409 3.640 132.304 3.654
202412 3.457 132.987 3.453
202503 3.190 132.825 3.190

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


Svenska Handelsbanken AB  (CHIX:SHBAs) 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.

Svenska Handelsbanken AB's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=124.675/11.90
=10.48

* 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 Svenska Handelsbanken AB was 12.49. The lowest was 8.26. And the median was 9.96.


Be Aware

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


Svenska Handelsbanken AB E10 Related Terms

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


Svenska Handelsbanken AB Business Description

Address
Kungstradgardsgatan 2, Stockholm, SWE, SE-106 70
Handelsbanken is one of the largest Swedish banks with significant exposure to the Swedish mortgage market; about 44% of total loans are tied to the Swedish real estate market. Outside of Sweden, the bank operates primarily in the U.K. and Netherlands. Handelsbanken generates about three fourths of its income through its interest spread-based business, including mortgages, household loans, and corporate loans to large and small enterprises.

Svenska Handelsbanken AB Headlines

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