Trust Bank (DHA:TRUSTBANK) E10: BDT2.93 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

DHA:TRUSTBANK Trust Bank PLC DHA:TRUSTBANK
73 GF Score
Price BDT15.80
GF Value BDT21.77
Valuation Modestly Undervalued
! 1 Warning Sign
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What is Trust Bank E10?

Trust Bank DHA:TRUSTBANK +0.64% 73 E10 is BDT2.93 as of Mar. 2026. GuruFocus rates DHA:TRUSTBANK with a GF Score™ of 73/100 and a GF Value™ of BDT21.77 (Modestly Undervalued). The stock has 1 warning sign 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.

Trust Bank's adjusted earnings per share data for the three months ended in Mar. 2026 was BDT0.257. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is BDT2.93 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 (2026-07-15), Trust Bank's current stock price is BDT15.80. Trust Bank's E10 for the quarter that ended in Mar. 2026 was BDT2.93. Trust Bank's Shiller PE Ratio of today is 5.39.

During the past 11 years, the highest Shiller PE Ratio of Trust Bank was 6.25. The lowest was 5.04. And the median was 5.72.


Trust Bank  (DHA:TRUSTBANK) 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.

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

Shiller PE Ratio=Share Price/E10
=15.80/2.93
=5.39

* 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 Trust Bank was 6.25. The lowest was 5.04. And the median was 5.72.


Be Aware

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


Trust Bank E10 Related Terms


Trust Bank E10 Historical Data

* Premium members only.

The historical data trend for 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.

Trust Bank E10 Chart

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 2.91

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 0.00 0.00 2.93 2.91 2.93

Trust Bank E10 Competitor Comparison

For the Banks - Regional subindustry, 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.


Trust Bank Shiller PE Ratio vs Banks Industry

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

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


DHA:TRUSTBANK
73GF Score
Trust Bank PLC DHA:TRUSTBANK
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

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, 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)
=0.257/330.2130*330.2130
=0.257

Current CPI (Mar. 2026) = 330.2130.

Trust Bank Quarterly Data

per share eps CPI Adj_EPS
201606 0.560 241.018 0.767
201609 0.486 241.428 0.665
201612 0.393 241.432 0.538
201703 0.558 243.801 0.756
201706 0.571 244.955 0.770
201709 0.555 246.819 0.743
201712 -0.011 246.524 -0.015
201803 0.443 249.554 0.586
201806 0.135 251.989 0.177
201809 0.382 252.439 0.500
201812 0.828 251.233 1.088
201903 0.405 254.202 0.526
201906 0.634 256.143 0.817
201909 0.542 256.759 0.697
201912 0.366 256.974 0.470
202003 0.561 258.115 0.718
202006 0.672 257.797 0.861
202009 1.288 260.280 1.634
202012 -0.793 260.474 -1.005
202103 0.624 264.877 0.778
202106 0.868 271.696 1.055
202109 1.208 274.310 1.454
202112 -0.089 278.802 -0.105
202203 0.865 287.504 0.993
202206 0.771 296.311 0.859
202209 1.050 296.808 1.168
202212 0.146 296.797 0.162
202303 0.238 301.836 0.260
202306 1.165 305.109 1.261
202309 1.143 307.789 1.226
202312 1.626 306.746 1.750
202403 0.310 312.332 0.328
202406 1.037 314.175 1.090
202409 1.181 315.301 1.237
202412 0.845 315.605 0.884
202503 0.305 319.799 0.315
202506 1.019 322.561 1.043
202509 1.248 324.800 1.269
202512 0.676 324.054 0.689
202603 0.257 330.213 0.257

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 BDT2.93 mean?
Trust Bank (DHA:TRUSTBANK) has a E10 of BDT2.93 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Trust Bank and its competitors.
Is Trust Bank's E10 too high?
Trust Bank's current E10 is BDT2.93. Overall, Trust Bank has a GF Score™ of 73/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Trust Bank's E10 compare to competitors?
Trust Bank's E10 of BDT2.93 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 Trust Bank and its competitors. Trust Bank's current E10 is BDT2.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Trust Bank stock overvalued right now?
Based on GuruFocus' analysis, Trust Bank (DHA:TRUSTBANK) is currently considered Modestly Undervalued. The stock's GF Value™ is BDT21.77, compared to a current price of BDT15.80 — trading 27.4% below its estimated fair value. The current E10 is BDT2.93. Trust Bank's overall GF Score™ is 73/100 with 1 warning sign 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 Trust Bank (DHA:TRUSTBANK), the current E10 is BDT2.93 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 Trust Bank (DHA:TRUSTBANK) Overvalued in 2026?

Based on GuruFocus' analysis, Trust Bank stock appears to be undervalued. The current stock price of BDT15.80 is trading 27.4% below its estimated GF Value™ of BDT21.77. GuruFocus considers Trust Bank to be Modestly Undervalued.

Key valuation signals for DHA:TRUSTBANK:

  • E10: BDT2.93
  • GF Value™: BDT21.77 vs. price of BDT15.80 (27.4% below fair value)
  • GF Score™: 73/100 with 1 warning sign

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


Trust Bank Business Description

Address Shadhinata Tower, Bir Srestha Shaheed Jahangir Gate, Dhaka Cantonment, Dhaka, BGD, 1206
Trust Bank PLC is a full-service commercial bank. The Bank offers a wide range of banking products and services, such as Retail banking, SME banking, Islamic banking, corporate banking, and international banking, among others. The bank provides a range of banking services that include deposit banking, loans & advances, export-import financing, and national & international remittance facilities, issuing debit and credit cards, SMS banking, internet banking, call center, dealing in government securities, etc.
73GF Score

Get the complete analysis for DHA:TRUSTBANK

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

BDT15.80
Price
BDT21.77
GF Value