TBC Bank Group (CHIX:TBCGL) E10: £4.56 (As of Mar. 2026)


CHIX:TBCGL TBC Bank Group PLC CHIX:TBCGL
86 GF Score
Price £44.22
GF Value £43.76
Valuation Fairly Valued
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What is TBC Bank Group E10?

TBC Bank Group CHIX:TBCGL -1.99% 86 E10 is £4.56 as of Mar. 2026. GuruFocus rates CHIX:TBCGL with a GF Score™ of 86/100 and a GF Value™ of £43.76 (Fairly Valued).

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.

TBC Bank Group's adjusted earnings per share data for the three months ended in Mar. 2026 was £1.828. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is £4.56 for the trailing ten years ended in Mar. 2026.

During the past 12 months, TBC Bank Group's average E10 Growth Rate was 15.80% 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.

As of today (2026-06-26), TBC Bank Group's current stock price is £44.22. TBC Bank Group's E10 for the quarter that ended in Mar. 2026 was £4.56. TBC Bank Group's Shiller PE Ratio of today is 9.70.

During the past 13 years, the highest Shiller PE Ratio of TBC Bank Group was 11.92. The lowest was 7.80. And the median was 10.25.


TBC Bank Group  (CHIX:TBCGl) 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.

TBC Bank Group's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=44.22/4.56
=9.70

* 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 TBC Bank Group was 11.92. The lowest was 7.80. And the median was 10.25.


Be Aware

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


TBC Bank Group E10 Related Terms


TBC Bank Group E10 Historical Data

* Premium members only.

The historical data trend for TBC Bank Group'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.

TBC Bank Group E10 Chart

TBC Bank Group 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 3.89 4.45

TBC Bank Group 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 3.99 4.11 4.31 4.45 4.56

TBC Bank Group E10 Competitor Comparison

For the Banks - Regional subindustry, TBC Bank Group'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.


TBC Bank Group Shiller PE Ratio vs Banks Industry

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

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


CHIX:TBCGL
86GF Score
TBC Bank Group PLC CHIX:TBCGL
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

TBC Bank Group 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, TBC Bank Group'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)
=1.828/140.8000*140.8000
=1.828

Current CPI (Mar. 2026) = 140.8000.

TBC Bank Group Quarterly Data

per share eps CPI Adj_EPS
201606 0.460 101.000 0.641
201609 0.395 101.500 0.548
201612 0.479 102.200 0.660
201703 0.489 102.700 0.670
201706 0.411 103.500 0.559
201709 0.445 104.300 0.601
201712 0.504 105.000 0.676
201803 0.501 105.100 0.671
201806 0.526 105.900 0.699
201809 0.545 106.600 0.720
201812 0.663 107.100 0.872
201903 0.679 107.000 0.893
201906 0.612 107.900 0.799
201909 0.635 108.400 0.825
201912 0.814 108.500 1.056
202003 -0.291 108.600 -0.377
202006 0.634 108.800 0.820
202009 0.764 109.200 0.985
202012 0.501 109.400 0.645
202103 0.767 109.700 0.984
202106 1.257 111.400 1.589
202109 1.039 112.400 1.302
202112 0.997 114.700 1.224
202203 1.116 116.500 1.349
202206 1.185 120.500 1.385
202209 1.618 122.300 1.863
202212 1.114 125.300 1.252
202303 1.258 126.800 1.397
202306 1.465 129.400 1.594
202309 1.516 130.100 1.641
202312 1.483 130.500 1.600
202403 1.509 131.600 1.614
202406 1.666 133.000 1.764
202409 1.723 133.500 1.817
202412 1.649 135.100 1.719
202503 1.599 136.100 1.654
202506 1.715 138.400 1.745
202509 1.815 138.900 1.840
202512 1.937 139.900 1.949
202603 1.828 140.800 1.828

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 £4.56 mean?
TBC Bank Group (CHIX:TBCGL) has a E10 of £4.56 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on TBC Bank Group and its competitors.
Is TBC Bank Group's E10 too high?
TBC Bank Group's current E10 is £4.56. Overall, TBC Bank Group has a GF Score™ of 86/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does TBC Bank Group's E10 compare to competitors?
TBC Bank Group's E10 of £4.56 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 TBC Bank Group and its competitors. TBC Bank Group's current E10 is £4.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TBC Bank Group stock overvalued right now?
Based on GuruFocus' analysis, TBC Bank Group (CHIX:TBCGL) is currently considered Fairly Valued. The stock's GF Value™ is £43.76, compared to a current price of £44.22 — trading 1.1% above its estimated fair value. The current E10 is £4.56. TBC Bank Group's overall GF Score™ is 86/100. 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 TBC Bank Group (CHIX:TBCGL), the current E10 is £4.56 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 TBC Bank Group (CHIX:TBCGL) Overvalued in 2026?

Based on GuruFocus' analysis, TBC Bank Group stock appears to be overvalued. The current stock price of £44.22 is trading 1.1% above its estimated GF Value™ of £43.76. GuruFocus considers TBC Bank Group to be Fairly Valued.

Key valuation signals for CHIX:TBCGL:

  • E10: £4.56
  • GF Value™: £43.76 vs. price of £44.22 (1.1% above fair value)
  • GF Score™: 86/100

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


TBC Bank Group Business Description

Other Exchanges TBCCF:USATBCG:UKLR6:Germany
Address C/O Law Debenture, 100 Bishopsgate, London, GBR, EC2N 4AG
TBC Bank Group PLC is a UK-based banking group. The business activities of the company involves universal banking operations within Georgia. The bank is focused on financial services activities, and the majority of its total assets relate to banking, insurance, leasing, brokerage, and corporate advisory services. Its operating segments include Georgian financial services (Georgia FS), which includes corporate and investment banking (CIB), Retail - non-business individual customers; Micro, Small, and Medium Enterprises: (MSME); Uzbekistan; and Other Operations.
86GF Score

Get the complete analysis for CHIX:TBCGL

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

£44.22
Price
£43.76
GF Value