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Pan Asia Banking (COL:PABC.N0000) E10 : රු5.10 (As of Mar. 2024)


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What is Pan Asia Banking 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.

Pan Asia Banking's adjusted earnings per share data for the three months ended in Mar. 2024 was රු0.820. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is රු5.10 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Pan Asia Banking's average E10 Growth Rate was 12.60% 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 (2024-05-26), Pan Asia Banking's current stock price is රු22.60. Pan Asia Banking's E10 for the quarter that ended in Mar. 2024 was රු5.10. Pan Asia Banking's Shiller PE Ratio of today is 4.43.

During the past 13 years, the highest Shiller PE Ratio of Pan Asia Banking was 4.73. The lowest was 1.88. And the median was 3.38.


Pan Asia Banking E10 Historical Data

The historical data trend for Pan Asia Banking'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.

Pan Asia Banking E10 Chart

Pan Asia Banking 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 - - 4.43 4.44 4.96

Pan Asia Banking Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 4.53 4.71 4.81 4.96 5.10

Competitive Comparison of Pan Asia Banking's E10

For the Banks - Regional subindustry, Pan Asia Banking'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.


Pan Asia Banking's Shiller PE Ratio Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Pan Asia Banking's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Pan Asia Banking's Shiller PE Ratio falls into.



Pan Asia Banking 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, Pan Asia Banking's adjusted earnings per share data for the three months ended in Mar. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=0.82/131.7762*131.7762
=0.820

Current CPI (Mar. 2024) = 131.7762.

Pan Asia Banking Quarterly Data

per share eps CPI Adj_EPS
201406 0.278 100.560 0.364
201409 0.312 100.428 0.409
201412 0.427 99.070 0.568
201503 0.546 99.621 0.722
201506 0.845 100.684 1.106
201509 0.927 100.392 1.217
201512 0.894 99.792 1.181
201603 0.938 100.470 1.230
201606 0.926 101.688 1.200
201609 3.890 101.861 5.032
201612 1.068 101.863 1.382
201703 0.798 102.862 1.022
201706 0.595 103.349 0.759
201709 0.681 104.136 0.862
201712 1.067 104.011 1.352
201803 0.707 105.290 0.885
201806 1.150 106.317 1.425
201809 0.590 106.507 0.730
201812 1.040 105.998 1.293
201903 0.620 107.251 0.762
201906 1.090 108.070 1.329
201909 0.610 108.329 0.742
201912 1.640 108.420 1.993
202003 0.940 108.902 1.137
202006 1.110 108.767 1.345
202009 0.780 109.815 0.936
202012 1.800 109.897 2.158
202103 1.700 111.754 2.005
202106 1.370 114.631 1.575
202109 1.470 115.734 1.674
202112 2.410 117.630 2.700
202203 0.490 121.301 0.532
202206 0.260 125.017 0.274
202209 0.230 125.227 0.242
202212 3.550 125.222 3.736
202303 0.730 127.348 0.755
202306 1.360 128.729 1.392
202309 0.720 129.860 0.731
202312 1.380 129.419 1.405
202403 0.820 131.776 0.820

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


Pan Asia Banking  (COL:PABC.N0000) 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.

Pan Asia Banking's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=22.60/5.1
=4.43

* 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 Pan Asia Banking was 4.73. The lowest was 1.88. And the median was 3.38.


Be Aware

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


Pan Asia Banking E10 Related Terms

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


Pan Asia Banking (COL:PABC.N0000) Business Description

Traded in Other Exchanges
N/A
Address
No. 450, Galle Road, Colombo, LKA, 03
Pan Asia Banking Corp PLC operates as a bank which is engaged in providing banking products and services. It provides services including corporate banking, retail banking, and treasury functions. The business segments of the company are Corporate Banking which includes loans, overdrafts, other credit facilities, deposits, current accounts and other services offered to corporate customers; Retail and SME Banking, which includes loans, overdrafts, credit card facilities, deposits, current accounts and other services offered to retail customers; and Treasury and investment function includes trading function, financing and other central functions, use of derivative for risk management purpose, investment products, and services to institutional investors and intermediaries.

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