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Agricultural Bank of China (HKSE:01288) E10 : HK$0.51 (As of Sep. 2024)


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What is Agricultural Bank of China E10?

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.

Agricultural Bank of China's adjusted earnings per share data for the three months ended in Sep. 2024 was HK$0.209. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is HK$0.51 for the trailing ten years ended in Sep. 2024.

During the past 12 months, Agricultural Bank of China's average E10 Growth Rate was 3.10% per year. During the past 3 years, the average E10 Growth Rate was 4.40% per year. During the past 5 years, the average E10 Growth Rate was 3.90% 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 Agricultural Bank of China was 4.40% per year. The lowest was 3.70% per year. And the median was 4.00% per year.

As of today (2024-12-13), Agricultural Bank of China's current stock price is HK$4.09. Agricultural Bank of China's E10 for the quarter that ended in Sep. 2024 was HK$0.51. Agricultural Bank of China's Shiller PE Ratio of today is 8.02.

During the past 13 years, the highest Shiller PE Ratio of Agricultural Bank of China was 8.67. The lowest was 4.37. And the median was 5.78.


Agricultural Bank of China E10 Historical Data

The historical data trend for Agricultural Bank of China'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.

* Premium members only.

Agricultural Bank of China E10 Chart

Agricultural Bank of China Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.53 0.52 0.57 0.59 0.55

Agricultural Bank of China Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 0.53 0.55 0.52 0.51 0.51

Competitive Comparison of Agricultural Bank of China's E10

For the Banks - Diversified subindustry, Agricultural Bank of China'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.


Agricultural Bank of China's Shiller PE Ratio Distribution in the Banks Industry

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

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



Agricultural Bank of China 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, Agricultural Bank of China's adjusted earnings per share data for the three months ended in Sep. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Sep. 2024 (Change)*Current CPI (Sep. 2024)
=0.209/118.5049*118.5049
=0.209

Current CPI (Sep. 2024) = 118.5049.

Agricultural Bank of China Quarterly Data

per share eps CPI Adj_EPS
201412 0.100 99.707 0.119
201503 0.211 99.927 0.250
201506 0.187 99.267 0.223
201509 0.183 99.927 0.217
201512 0.096 102.015 0.112
201603 0.191 102.785 0.220
201606 0.188 101.686 0.219
201609 0.174 102.565 0.201
201612 0.090 103.225 0.103
201703 0.180 103.335 0.206
201706 0.195 103.664 0.223
201709 0.190 103.994 0.217
201712 0.107 104.984 0.121
201803 0.211 105.973 0.236
201806 0.218 106.193 0.243
201809 0.194 106.852 0.215
201812 0.091 107.622 0.100
201903 0.199 108.172 0.218
201906 0.193 109.601 0.209
201909 0.187 110.260 0.201
201912 0.089 110.700 0.095
202003 0.199 110.920 0.213
202006 0.131 110.590 0.140
202009 0.171 107.512 0.188
202012 0.166 109.711 0.179
202103 0.215 111.579 0.228
202106 0.193 111.360 0.205
202109 0.193 109.051 0.210
202112 0.184 112.349 0.194
202203 0.247 113.558 0.258
202206 0.176 113.448 0.184
202209 0.201 113.778 0.209
202212 0.179 114.548 0.185
202303 0.228 115.427 0.234
202306 0.186 115.647 0.191
202309 0.193 116.087 0.197
202312 0.186 117.296 0.188
202403 0.206 117.735 0.207
202406 0.194 117.296 0.196
202409 0.209 118.505 0.209

Add all the adjusted EPS together and divide 10 will get our e10.


Agricultural Bank of China  (HKSE:01288) 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.

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

Shiller PE Ratio=Share Price/E10
=4.09/0.51
=8.02

* 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 Agricultural Bank of China was 8.67. The lowest was 4.37. And the median was 5.78.


Be Aware

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


Agricultural Bank of China E10 Related Terms

Thank you for viewing the detailed overview of Agricultural Bank of China's E10 provided by GuruFocus.com. Please click on the following links to see related term pages.


Agricultural Bank of China Business Description

Traded in Other Exchanges
Address
50 Connaught Road, 25th Floor, Agricultural Bank of China Tower, Central, Hong Kong, HKG
As one of the big four banks, ABC is headquartered in Beijing. The bank evolved from a state-owned specialized bank to a state-controlled commercial bank. It listed on the Hong Kong and Shanghai Stock Exchanges in 2010. ABC operates more than 20,000-branch network in China, providing corporate and retail banking products and services, and carries out treasury operations for its own accounts or for its customers. Shareholders Central Huijin, China's state-owned investment company, and the Ministry of Finance own 40.14% and 35.29%, respectively. Corporate banking, retail banking, and wholesale banking accounted for 41%, 56%, and 3% of total revenue in the first half of 2024, respectively. Rural banking and urban banking contributed 50% and 50% of total revenue during the same period.
Executives
Blackrock, Inc. 2201 Interest of corporation controlled by you
China Taiping Insurance Holdings Company Limited 2201 Interest of corporation controlled by you
Zhong Guo Tai Ping Bao Xian Ji Tuan You Xian Ze Ren Gong Si 2201 Interest of corporation controlled by you
Tai Ping Ren Shou Bao Xian You Xian Gong Si 2101 Beneficial owner
Tai Ping Zi Chan Guan Li You Xian Gong Si 2102 Investment manager

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