Northrim BanCorp (FRA:NRI) E10: €1.28 (As of Jun. 2026)

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FRA:NRI Northrim BanCorp Inc FRA:NRI
72 GF Score
Price €22.20
GF Value €20.58
! 4 Warning Signs
View Full Analysis

What is Northrim BanCorp E10?

Northrim BanCorp FRA:NRI +2.78% 72 E10 is €1.28 as of Jun. 2026. GuruFocus rates FRA:NRI with a GF Score™ of 72/100 and a GF Value™ of €20.58. 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.

Northrim BanCorp's adjusted earnings per share data for the three months ended in Jun. 2026 was €0.590. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €1.28 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Northrim BanCorp's average E10 Growth Rate was -100.00% per year. During the past 3 years, the average E10 Growth Rate was 12.90% per year. During the past 5 years, the average E10 Growth Rate was 14.00% per year. During the past 10 years, the average E10 Growth Rate was 12.10% 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 Northrim BanCorp was 28.60% per year. The lowest was 2.20% per year. And the median was 10.25% per year.

As of today (2026-08-05), Northrim BanCorp's current stock price is €22.20. Northrim BanCorp's E10 for the quarter that ended in Jun. 2026 was €1.28. Northrim BanCorp's Shiller PE Ratio of today is 17.34.

During the past 13 years, the highest Shiller PE Ratio of Northrim BanCorp was 22.03. The lowest was 8.47. And the median was 15.10.


Northrim BanCorp  (FRA:NRI) 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.

Northrim BanCorp's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=22.20/1.28
=17.34

* 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 Northrim BanCorp was 22.03. The lowest was 8.47. And the median was 15.10.


Be Aware

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


Northrim BanCorp E10 Related Terms


Northrim BanCorp E10 Historical Data

* Premium members only.

The historical data trend for Northrim BanCorp'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.

Northrim BanCorp E10 Chart

Northrim BanCorp 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 0.73 0.90 0.96 1.05 1.18

Northrim BanCorp Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 1.07 1.14 1.18 1.24 1.28

FRA:NRI vs CIVB, NPB, KRNY: E10 Comparison

For the Banks - Regional subindustry, Northrim BanCorp'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.


Northrim BanCorp Shiller PE Ratio vs Banks Industry

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

* The bar in red indicates where Northrim BanCorp's Shiller PE Ratio falls into.


FRA:NRI
72GF Score
Northrim BanCorp Inc FRA:NRI
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Northrim BanCorp 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, Northrim BanCorp's adjusted earnings per share data for the three months ended in Jun. 2026 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=0.59/333.9520*333.9520
=0.590

Current CPI (Jun. 2026) = 333.9520.

Northrim BanCorp Quarterly Data

per share eps CPI Adj_EPS
201609 0.098 241.428 0.136
201612 0.121 241.432 0.167
201703 0.129 243.801 0.177
201706 0.113 244.955 0.154
201709 0.166 246.819 0.225
201712 0.006 246.524 0.008
201803 0.118 249.554 0.158
201806 0.180 251.989 0.239
201809 0.161 252.439 0.213
201812 0.152 251.233 0.202
201903 0.137 254.202 0.180
201906 0.137 256.143 0.179
201909 0.252 256.759 0.328
201912 0.155 256.974 0.201
202003 0.036 258.115 0.047
202006 0.337 257.797 0.437
202009 0.391 260.280 0.502
202012 0.327 260.474 0.419
202103 0.407 264.877 0.513
202106 0.276 271.696 0.339
202109 0.302 274.310 0.368
202112 0.290 278.802 0.347
202203 0.272 287.504 0.316
202206 0.196 296.311 0.221
202209 0.444 296.808 0.500
202212 0.349 296.797 0.393
202303 0.196 301.836 0.217
202306 0.226 305.109 0.247
202309 0.347 307.789 0.376
202312 0.273 306.746 0.297
202403 0.340 312.332 0.364
202406 0.376 314.175 0.400
202409 0.351 315.301 0.372
202412 0.466 315.605 0.493
202503 0.555 319.799 0.580
202506 0.451 322.561 0.467
202509 1.022 324.800 1.051
202512 0.470 324.054 0.484
202603 0.528 330.213 0.534
202606 0.590 333.952 0.590

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 €1.28 mean?
Northrim BanCorp (FRA:NRI) has a E10 of €1.28 as of Jun. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Northrim BanCorp and its competitors.
Is Northrim BanCorp's E10 too high?
Northrim BanCorp's current E10 is €1.28. Overall, Northrim BanCorp has a GF Score™ of 72/100, reflecting its overall financial health beyond just this single metric.
How does Northrim BanCorp's E10 compare to CIVB and NPB?
Northrim BanCorp's E10 of €1.28 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 Northrim BanCorp and its competitors. Northrim BanCorp's current E10 is €1.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Northrim BanCorp stock overvalued right now?
Northrim BanCorp (FRA:NRI) has a current E10 of €1.28. The stock's GF Value™ is €20.58, compared to a current price of €22.20 — trading 7.9% above its estimated fair value. The current E10 is €1.28. Northrim BanCorp's overall GF Score™ is 72/100 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 Northrim BanCorp (FRA:NRI), the current E10 is €1.28 as of Jun. 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 Northrim BanCorp (FRA:NRI) Overvalued in 2026?

Based on GuruFocus' analysis, Northrim BanCorp stock appears to be overvalued. The current stock price of €22.20 is trading 7.9% above its estimated GF Value™ of €20.58.

Key valuation signals for FRA:NRI:

  • E10: €1.28
  • GF Value™: €20.58 vs. price of €22.20 (7.9% above fair value)
  • GF Score™: 72/100 with 4 warning signs

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


Northrim BanCorp Business Description

Other Exchanges NRIM:USA
Address 3111 C Street, Anchorage, AK, USA, 99503
Northrim BanCorp Inc is a bank holding company operating through three reportable segments: Community Banking, Home Mortgage Lending, and Specialty Finance. The Community Banking segment, which generates the majority of revenue, provides loan and deposit products to business and consumer customers in its market areas. The Home Mortgage Lending segment focuses on the origination and sale of mortgage loans for one-to-four family residential properties, mortgage loan servicing for certain loans sold, and investment in selected residential mortgage loans. The Specialty Finance segment provides factoring, asset-based lending, and alternative working capital solutions to small and medium-sized enterprises and includes SCF and Northrim Funding Services.
72GF Score

Get the complete analysis for FRA:NRI

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

€22.20
Price
€20.58
GF Value