Mutual Trust Bank (DHA:MTB) E10: BDT2.23 (As of Mar. 2026)


DHA:MTB Mutual Trust Bank PLC DHA:MTB
85 GF Score
Price BDT13.00
GF Value BDT11.61
Valuation Modestly Overvalued
! 6 Warning Signs
View Full Analysis

What is Mutual Trust Bank E10?

Mutual Trust Bank DHA:MTB +2.36% 85 E10 is BDT2.23 as of Mar. 2026. GuruFocus rates DHA:MTB with a GF Score™ of 85/100 and a GF Value™ of BDT11.61 (Modestly Overvalued). The stock has 6 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.

Mutual Trust Bank's adjusted earnings per share data for the three months ended in Mar. 2026 was BDT0.723. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is BDT2.23 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Mutual Trust Bank's average E10 Growth Rate was 6.70% 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 (2026-06-28), Mutual Trust Bank's current stock price is BDT13.00. Mutual Trust Bank's E10 for the quarter that ended in Mar. 2026 was BDT2.23. Mutual Trust Bank's Shiller PE Ratio of today is 5.83.

During the past 13 years, the highest Shiller PE Ratio of Mutual Trust Bank was 6.23. The lowest was 4.43. And the median was 5.19.


Mutual Trust Bank  (DHA:MTB) 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.

Mutual Trust Bank's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=13.00/2.23
=5.83

* 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 Mutual Trust Bank was 6.23. The lowest was 4.43. And the median was 5.19.


Be Aware

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


Mutual Trust Bank E10 Related Terms


Mutual Trust Bank E10 Historical Data

* Premium members only.

The historical data trend for Mutual Trust 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.

Mutual Trust Bank E10 Chart

Mutual Trust Bank 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 0.00 2.16

Mutual Trust Bank 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 2.09 2.08 2.10 2.16 2.23

Mutual Trust Bank E10 Competitor Comparison

For the Banks - Regional subindustry, Mutual Trust 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.


Mutual Trust Bank Shiller PE Ratio vs Banks Industry

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

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


DHA:MTB
85GF Score
Mutual Trust Bank PLC DHA:MTB
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Mutual Trust 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, Mutual Trust Bank'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)
=0.723/330.2130*330.2130
=0.723

Current CPI (Mar. 2026) = 330.2130.

Mutual Trust Bank Quarterly Data

per share eps CPI Adj_EPS
201606 0.330 241.018 0.452
201609 0.298 241.428 0.408
201612 0.455 241.432 0.622
201703 0.265 243.801 0.359
201706 0.120 244.955 0.162
201709 0.058 246.819 0.078
201712 1.365 246.524 1.828
201803 0.340 249.554 0.450
201806 0.453 251.989 0.594
201809 0.250 252.439 0.327
201812 0.529 251.233 0.695
201903 0.348 254.202 0.452
201906 0.395 256.143 0.509
201909 0.274 256.759 0.352
201912 0.085 256.974 0.109
202003 0.439 258.115 0.562
202006 0.530 257.797 0.679
202009 0.127 260.280 0.161
202012 -0.228 260.474 -0.289
202103 0.496 264.877 0.618
202106 0.214 271.696 0.260
202109 0.081 274.310 0.098
202112 1.650 278.802 1.954
202203 0.524 287.504 0.602
202206 0.576 296.311 0.642
202209 0.740 296.808 0.823
202212 0.112 296.797 0.125
202303 0.552 301.836 0.604
202306 0.333 305.109 0.360
202309 0.682 307.789 0.732
202312 0.786 306.746 0.846
202403 0.633 312.332 0.669
202406 0.308 314.175 0.324
202409 0.652 315.301 0.683
202412 0.932 315.605 0.975
202503 0.705 319.799 0.728
202506 0.260 322.561 0.266
202509 0.625 324.800 0.635
202512 1.118 324.054 1.139
202603 0.723 330.213 0.723

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 BDT2.23 mean?
Mutual Trust Bank (DHA:MTB) has a E10 of BDT2.23 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Mutual Trust Bank and its competitors.
Is Mutual Trust Bank's E10 too high?
Mutual Trust Bank's current E10 is BDT2.23. Overall, Mutual Trust Bank has a GF Score™ of 85/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Mutual Trust Bank's E10 compare to competitors?
Mutual Trust Bank's E10 of BDT2.23 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 Mutual Trust Bank and its competitors. Mutual Trust Bank's current E10 is BDT2.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mutual Trust Bank stock overvalued right now?
Based on GuruFocus' analysis, Mutual Trust Bank (DHA:MTB) is currently considered Modestly Overvalued. The stock's GF Value™ is BDT11.61, compared to a current price of BDT13.00 — trading 12% above its estimated fair value. The current E10 is BDT2.23. Mutual Trust Bank's overall GF Score™ is 85/100 with 6 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 Mutual Trust Bank (DHA:MTB), the current E10 is BDT2.23 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 Mutual Trust Bank (DHA:MTB) Overvalued in 2026?

Based on GuruFocus' analysis, Mutual Trust Bank stock appears to be overvalued. The current stock price of BDT13.00 is trading 12% above its estimated GF Value™ of BDT11.61. GuruFocus considers Mutual Trust Bank to be Modestly Overvalued.

Key valuation signals for DHA:MTB:

  • E10: BDT2.23
  • GF Value™: BDT11.61 vs. price of BDT13.00 (12% above fair value)
  • GF Score™: 85/100 with 6 warning signs

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


Mutual Trust Bank Business Description

Address 26 Gulshan Avenue, Gulshan 1, MTB Centre, Dhaka, BGD, 1212
Mutual Trust Bank PLC is a company that engages in the provision of various commercial banking and related services. Its products and services include savings and current accounts, and fixed deposits; personal, auto, home, home equity, and professional's loan products; overdraft facilities; credit cards; and locker services. The company's reportable segments include DBO (Domestic Banking Operation), OBU (Offshore Banking Unit), MTB Securities Limited, and MTB Capital Limited.
85GF Score

Get the complete analysis for DHA:MTB

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

BDT13.00
Price
BDT11.61
GF Value