National Credit and Commerce Bank (DHA:NCCBANK) E10: BDT2.86 (As of Mar. 2026)


DHA:NCCBANK National Credit and Commerce Bank PLC DHA:NCCBANK
77 GF Score
Price BDT15.80
GF Value BDT13.34
Valuation Modestly Overvalued
! 4 Warning Signs
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What is National Credit and Commerce Bank E10?

National Credit and Commerce Bank DHA:NCCBANK -1.25% 77 E10 is BDT2.86 as of Mar. 2026. GuruFocus rates DHA:NCCBANK with a GF Score™ of 77/100 and a GF Value™ of BDT13.34 (Modestly Overvalued). The stock has 4 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.

National Credit and Commerce Bank's adjusted earnings per share data for the three months ended in Mar. 2026 was BDT1.067. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is BDT2.86 for the trailing ten years ended in Mar. 2026.

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 (2026-07-03), National Credit and Commerce Bank's current stock price is BDT15.80. National Credit and Commerce Bank's E10 for the quarter that ended in Mar. 2026 was BDT2.86. National Credit and Commerce Bank's Shiller PE Ratio of today is 5.52.

During the past 11 years, the highest Shiller PE Ratio of National Credit and Commerce Bank was 5.70. The lowest was 4.00. And the median was 4.49.


National Credit and Commerce Bank  (DHA:NCCBANK) 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.

National Credit and Commerce Bank's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=15.80/2.86
=5.52

* 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 11 years, the highest Shiller P/E Ratio of National Credit and Commerce Bank was 5.70. The lowest was 4.00. And the median was 4.49.


Be Aware

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


National Credit and Commerce Bank E10 Related Terms


National Credit and Commerce Bank E10 Historical Data

* Premium members only.

The historical data trend for National Credit and Commerce 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.

National Credit and Commerce Bank E10 Chart

National Credit and Commerce 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 2.74

National Credit and Commerce 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 0.00 0.00 2.55 2.74 2.86

National Credit and Commerce Bank E10 Competitor Comparison

For the Banks - Regional subindustry, National Credit and Commerce 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.


National Credit and Commerce Bank Shiller PE Ratio vs Banks Industry

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

* The bar in red indicates where National Credit and Commerce Bank's Shiller PE Ratio falls into.


DHA:NCCBANK
77GF Score
National Credit and Commerce Bank PLC DHA:NCCBANK
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

National Credit and Commerce 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, National Credit and Commerce 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)
=1.067/330.2130*330.2130
=1.067

Current CPI (Mar. 2026) = 330.2130.

National Credit and Commerce Bank Quarterly Data

per share eps CPI Adj_EPS
201606 0.161 241.018 0.221
201609 0.321 241.428 0.439
201612 1.055 241.432 1.443
201703 0.288 243.801 0.390
201706 0.321 244.955 0.433
201709 0.405 246.819 0.542
201712 0.579 246.524 0.776
201803 0.297 249.554 0.393
201806 0.467 251.989 0.612
201809 0.570 252.439 0.746
201812 0.245 251.233 0.322
201903 0.321 254.202 0.417
201906 0.675 256.143 0.870
201909 0.663 256.759 0.853
201912 0.187 256.974 0.240
202003 0.672 258.115 0.860
202006 0.287 257.797 0.368
202009 0.493 260.280 0.625
202012 0.484 260.474 0.614
202103 0.458 264.877 0.571
202106 0.751 271.696 0.913
202109 0.623 274.310 0.750
202112 0.467 278.802 0.553
202203 0.614 287.504 0.705
202206 0.788 296.311 0.878
202209 0.840 296.808 0.935
202212 0.085 296.797 0.095
202303 0.644 301.836 0.705
202306 0.731 305.109 0.791
202309 0.837 307.789 0.898
202312 -0.221 306.746 -0.238
202403 0.144 312.332 0.152
202406 0.500 314.175 0.526
202409 1.740 315.301 1.822
202412 1.402 315.605 1.467
202503 0.904 319.799 0.933
202506 0.760 322.561 0.778
202509 0.500 324.800 0.508
202512 2.625 324.054 2.675
202603 1.067 330.213 1.067

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 BDT2.86 mean?
National Credit and Commerce Bank (DHA:NCCBANK) has a E10 of BDT2.86 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on National Credit and Commerce Bank and its competitors.
Is National Credit and Commerce Bank's E10 too high?
National Credit and Commerce Bank's current E10 is BDT2.86. Overall, National Credit and Commerce Bank has a GF Score™ of 77/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does National Credit and Commerce Bank's E10 compare to competitors?
National Credit and Commerce Bank's E10 of BDT2.86 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 National Credit and Commerce Bank and its competitors. National Credit and Commerce Bank's current E10 is BDT2.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is National Credit and Commerce Bank stock overvalued right now?
Based on GuruFocus' analysis, National Credit and Commerce Bank (DHA:NCCBANK) is currently considered Modestly Overvalued. The stock's GF Value™ is BDT13.34, compared to a current price of BDT15.80 — trading 18.4% above its estimated fair value. The current E10 is BDT2.86. National Credit and Commerce Bank's overall GF Score™ is 77/100 with 4 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 National Credit and Commerce Bank (DHA:NCCBANK), the current E10 is BDT2.86 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 National Credit and Commerce Bank (DHA:NCCBANK) Overvalued in 2026?

Based on GuruFocus' analysis, National Credit and Commerce Bank stock appears to be overvalued. The current stock price of BDT15.80 is trading 18.4% above its estimated GF Value™ of BDT13.34. GuruFocus considers National Credit and Commerce Bank to be Modestly Overvalued.

Key valuation signals for DHA:NCCBANK:

  • E10: BDT2.86
  • GF Value™: BDT13.34 vs. price of BDT15.80 (18.4% above fair value)
  • GF Score™: 77/100 with 4 warning signs

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


National Credit and Commerce Bank Business Description

Address 13/1 - 13/2, Toyenbee Circular Road, Motijheel Commercial Area, NCC Bank Bhaban, Dhaka, BGD, 1000
National Credit and Commerce Bank PLC is a commercial bank in Bangladesh. The principal activities of the company are loans and deposit services, personal and commercial banking, trade services, and others to the customers. The company offers a range of services such as Retail Banking, Corporate Banking, NRB banking, and E-banking, among others.
77GF Score

Get the complete analysis for DHA:NCCBANK

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

BDT15.80
Price
BDT13.34
GF Value