FBAK (First National Bank Alaska) E10: $21.47 (As of Mar. 2026)


FBAK First National Bank Alaska FBAK
66 GF Score
Price $320.00
GF Value $264.12
Valuation Modestly Overvalued
! 6 Warning Signs
View Full Analysis

What is First National Bank Alaska E10?

First National Bank Alaska FBAK +0.71% 66 E10 is $21.47 as of Mar. 2026. GuruFocus rates FBAK with a GF Score™ of 66/100 and a GF Value™ of $264.12 (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.

First National Bank Alaska's adjusted earnings per share data for the three months ended in Mar. 2026 was $6.680. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $21.47 for the trailing ten years ended in Mar. 2026.

During the past 12 months, First National Bank Alaska's average E10 Growth Rate was 7.10% per year. During the past 3 years, the average E10 Growth Rate was 5.80% per year. During the past 5 years, the average E10 Growth Rate was 7.00% 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.

During the past 13 years, the highest 3-Year average E10 Growth Rate of First National Bank Alaska was 7.80% per year. The lowest was 0.30% per year. And the median was 5.95% per year.

As of today (2026-06-25), First National Bank Alaska's current stock price is $320.00. First National Bank Alaska's E10 for the quarter that ended in Mar. 2026 was $21.47. First National Bank Alaska's Shiller PE Ratio of today is 14.90.

During the past 13 years, the highest Shiller PE Ratio of First National Bank Alaska was 21.67. The lowest was 9.99. And the median was 13.71.


First National Bank Alaska  (OTCPK:FBAK) 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.

First National Bank Alaska's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=320.00/21.47
=14.90

* 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 First National Bank Alaska was 21.67. The lowest was 9.99. And the median was 13.71.


Be Aware

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


First National Bank Alaska E10 Related Terms


First National Bank Alaska E10 Historical Data

* Premium members only.

The historical data trend for First National Bank Alaska'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.

First National Bank Alaska E10 Chart

First National Bank Alaska 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 16.19 17.62 18.42 19.56 20.85

First National Bank Alaska 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 20.04 20.47 20.78 20.85 21.47

FBAK vs NBN, OCFC, CCB: E10 Comparison

For the Banks - Regional subindustry, First National Bank Alaska'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.


First National Bank Alaska Shiller PE Ratio vs Banks Industry

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

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


FBAK
66GF Score
First National Bank Alaska FBAK
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

First National Bank Alaska 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, First National Bank Alaska'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)
=6.68/330.2130*330.2130
=6.680

Current CPI (Mar. 2026) = 330.2130.

First National Bank Alaska Quarterly Data

per share eps CPI Adj_EPS
201606 3.193 241.018 4.375
201609 3.725 241.428 5.095
201612 2.962 241.432 4.051
201703 3.032 243.801 4.107
201706 3.446 244.955 4.645
201709 3.690 246.819 4.937
201712 1.320 246.524 1.768
201803 4.270 249.554 5.650
201806 3.970 251.989 5.202
201809 5.020 252.439 6.567
201812 3.920 251.233 5.152
201903 4.270 254.202 5.547
201906 4.120 256.143 5.311
201909 4.680 256.759 6.019
201912 4.490 256.974 5.770
202003 4.470 258.115 5.719
202006 4.600 257.797 5.892
202009 4.910 260.280 6.229
202012 4.190 260.474 5.312
202103 4.410 264.877 5.498
202106 4.330 271.696 5.263
202109 4.550 274.310 5.477
202112 5.160 278.802 6.112
202203 4.370 287.504 5.019
202206 4.540 296.311 5.059
202209 4.940 296.808 5.496
202212 4.538 296.797 5.049
202303 4.250 301.836 4.650
202306 4.570 305.109 4.946
202309 4.900 307.789 5.257
202312 5.230 306.746 5.630
202403 4.260 312.332 4.504
202406 4.940 314.175 5.192
202409 5.680 315.301 5.949
202412 6.289 315.605 6.580
202503 5.600 319.799 5.782
202506 5.800 322.561 5.938
202509 6.750 324.800 6.862
202512 6.331 324.054 6.451
202603 6.680 330.213 6.680

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 $21.47 mean?
First National Bank Alaska (FBAK) has a E10 of $21.47 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on First National Bank Alaska and its competitors.
Is First National Bank Alaska's E10 too high?
First National Bank Alaska's current E10 is $21.47. Overall, First National Bank Alaska has a GF Score™ of 66/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does First National Bank Alaska's E10 compare to NBN and OCFC?
First National Bank Alaska's E10 of $21.47 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 First National Bank Alaska and its competitors. First National Bank Alaska's current E10 is $21.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First National Bank Alaska stock overvalued right now?
Based on GuruFocus' analysis, First National Bank Alaska (FBAK) is currently considered Modestly Overvalued. The stock's GF Value™ is $264.12, compared to a current price of $320.00 — trading 21.2% above its estimated fair value. The current E10 is $21.47. First National Bank Alaska's overall GF Score™ is 66/100 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 First National Bank Alaska (FBAK), the current E10 is $21.47 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 First National Bank Alaska (FBAK) Overvalued in 2026?

Based on GuruFocus' analysis, First National Bank Alaska stock appears to be overvalued. The current stock price of $320.00 is trading 21.2% above its estimated GF Value™ of $264.12. GuruFocus considers First National Bank Alaska to be Modestly Overvalued.

Key valuation signals for FBAK:

  • E10: $21.47
  • GF Value™: $264.12 vs. price of $320.00 (21.2% above fair value)
  • GF Score™: 66/100 with 6 warning signs

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


First National Bank Alaska Business Description

Address 101 West 36th Avenue, Anchorage, AK, USA, 99503
First National Bank Alaska is a commercial banking service provider in the United States. Its primary business operations involve corporate banking and consumer banking services. The Bank provides trust banking services, escrow and contract collection services, bankcard services and safe deposit box facilities for business, industry, and individuals within the State of Alaska. It also offers various real estate loans, including commercial and construction/development loans, multifamily residential loans, and consumer and other loans. The company also has add-on services like the United States Treasury, the United States Government-sponsored enterprises, States and political subdivisions, mortgage-backed-residential and corporate bonds.
66GF Score

Get the complete analysis for FBAK

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

$320.00
Price
$264.12
GF Value