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Bank of Communications Co (HKSE:03328) E10 : HK$0.86 (As of Sep. 2024)


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What is Bank of Communications Co 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.

Bank of Communications Co's adjusted earnings per share data for the three months ended in Sep. 2024 was HK$0.297. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is HK$0.86 for the trailing ten years ended in Sep. 2024.

During the past 12 months, Bank of Communications Co's average E10 Growth Rate was 0.90% per year. During the past 3 years, the average E10 Growth Rate was 2.00% per year. During the past 5 years, the average E10 Growth Rate was 3.00% 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 Bank of Communications Co was 7.20% per year. The lowest was 2.00% per year. And the median was 5.20% per year.

As of today (2024-12-11), Bank of Communications Co's current stock price is HK$5.85. Bank of Communications Co's E10 for the quarter that ended in Sep. 2024 was HK$0.86. Bank of Communications Co's Shiller PE Ratio of today is 6.80.

During the past 13 years, the highest Shiller PE Ratio of Bank of Communications Co was 12.52. The lowest was 4.28. And the median was 6.42.


Bank of Communications Co E10 Historical Data

The historical data trend for Bank of Communications Co'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.

Bank of Communications Co E10 Chart

Bank of Communications Co 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 0.96 0.92 1.04 0.99 0.90

Bank of Communications Co 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 0.87 0.90 0.87 0.87 0.86

Competitive Comparison of Bank of Communications Co's E10

For the Banks - Diversified subindustry, Bank of Communications Co'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.


Bank of Communications Co's Shiller PE Ratio Distribution in the Banks Industry

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

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



Bank of Communications Co 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, Bank of Communications Co'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)
=0.297/115.7848*115.7848
=0.297

Current CPI (Sep. 2024) = 115.7848.

Bank of Communications Co Quarterly Data

per share eps CPI Adj_EPS
201412 0.251 99.000 0.294
201503 0.323 99.900 0.374
201506 0.300 99.500 0.349
201509 0.243 100.500 0.280
201512 0.240 100.600 0.276
201603 0.310 102.200 0.351
201606 0.283 101.400 0.323
201609 0.233 102.400 0.263
201612 0.213 102.600 0.240
201703 0.293 103.200 0.329
201706 0.264 103.100 0.296
201709 0.250 104.100 0.278
201712 0.249 104.500 0.276
201803 0.335 105.300 0.368
201806 0.291 104.900 0.321
201809 0.263 106.600 0.286
201812 0.250 106.500 0.272
201903 0.327 107.700 0.352
201906 0.295 107.700 0.317
201909 0.253 109.800 0.267
201912 0.256 111.200 0.267
202003 0.277 112.300 0.286
202006 0.230 110.400 0.241
202009 0.216 111.700 0.224
202012 0.403 111.500 0.418
202103 0.358 112.662 0.368
202106 0.290 111.769 0.300
202109 0.313 112.215 0.323
202112 0.367 113.108 0.376
202203 0.382 114.335 0.387
202206 0.281 114.558 0.284
202209 0.313 115.339 0.314
202212 0.346 115.116 0.348
202303 0.376 115.116 0.378
202306 0.263 114.558 0.266
202309 0.290 115.339 0.291
202312 0.339 114.781 0.342
202403 0.369 115.227 0.371
202406 0.237 114.781 0.239
202409 0.297 115.785 0.297

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


Bank of Communications Co  (HKSE:03328) 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.

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

Shiller PE Ratio=Share Price/E10
=5.85/0.86
=6.80

* 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 Bank of Communications Co was 12.52. The lowest was 4.28. And the median was 6.42.


Be Aware

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


Bank of Communications Co E10 Related Terms

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


Bank of Communications Co Business Description

Traded in Other Exchanges
Address
No.188, Yin Cheng Zhong Lu, Pilot Free Trade Zone, Pudong New District, Shanghai, CHN, 200120
Bank of Communications, or Bocom, is the only state-owned bank with headquarters in Shanghai. As one of China's four oldest banks, Bocom became China's first state-owned shareholding commercial bank in 1987. Today, Bocom is amid a strategic transformation, building itself into a global wealth-management bank with wide-ranging financial operations, including insurance, brokerage, trust, and asset management.
Executives
Hsbc Holdings Plc 2201 Interest of corporation controlled by you

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