Turkiye Sinai Kalkinma Bankasi AS (IST:TSKB) E10: ₺46.09 (As of Mar. 2026)


IST:TSKB Turkiye Sinai Kalkinma Bankasi AS IST:TSKB
61 GF Score
Price ₺12.21
GF Value ₺15.69
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Turkiye Sinai Kalkinma Bankasi AS E10?

Turkiye Sinai Kalkinma Bankasi AS IST:TSKB +3.74% 61 E10 is ₺46.09 as of Mar. 2026. GuruFocus rates IST:TSKB with a GF Score™ of 61/100 and a GF Value™ of ₺15.69 (Modestly Undervalued). The stock has 2 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.

Turkiye Sinai Kalkinma Bankasi AS's adjusted earnings per share data for the three months ended in Mar. 2026 was ₺1.025. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₺46.09 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Turkiye Sinai Kalkinma Bankasi AS's average E10 Growth Rate was 4.10% per year. During the past 3 years, the average E10 Growth Rate was 3.70% per year. During the past 5 years, the average E10 Growth Rate was 242.90% 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 Turkiye Sinai Kalkinma Bankasi AS was 519.60% per year. The lowest was 3.70% per year. And the median was 15.30% per year.

As of today (2026-06-27), Turkiye Sinai Kalkinma Bankasi AS's current stock price is ₺12.21. Turkiye Sinai Kalkinma Bankasi AS's E10 for the quarter that ended in Mar. 2026 was ₺46.09. Turkiye Sinai Kalkinma Bankasi AS's Shiller PE Ratio of today is 0.26.

During the past 13 years, the highest Shiller PE Ratio of Turkiye Sinai Kalkinma Bankasi AS was 24.48. The lowest was 0.06. And the median was 5.43.


Turkiye Sinai Kalkinma Bankasi AS  (IST:TSKB) 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.

Turkiye Sinai Kalkinma Bankasi AS's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=12.21/46.09
=0.26

* 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 Turkiye Sinai Kalkinma Bankasi AS was 24.48. The lowest was 0.06. And the median was 5.43.


Be Aware

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


Turkiye Sinai Kalkinma Bankasi AS E10 Related Terms


Turkiye Sinai Kalkinma Bankasi AS E10 Historical Data

* Premium members only.

The historical data trend for Turkiye Sinai Kalkinma Bankasi AS'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.

Turkiye Sinai Kalkinma Bankasi AS E10 Chart

Turkiye Sinai Kalkinma Bankasi AS 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 0.23 40.43 42.02 43.58 45.14

Turkiye Sinai Kalkinma Bankasi AS 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 44.27 44.77 45.17 45.14 46.09

IST:TSKB vs PNC, USB: E10 Comparison

For the Banks - Regional subindustry, Turkiye Sinai Kalkinma Bankasi AS'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.


Turkiye Sinai Kalkinma Bankasi AS Shiller PE Ratio vs Banks Industry

For the Banks industry and Financial Services sector, Turkiye Sinai Kalkinma Bankasi AS's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Turkiye Sinai Kalkinma Bankasi AS's Shiller PE Ratio falls into.


IST:TSKB
61GF Score
Turkiye Sinai Kalkinma Bankasi AS IST:TSKB
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
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Turkiye Sinai Kalkinma Bankasi AS 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, Turkiye Sinai Kalkinma Bankasi AS'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)
=1.025/330.2130*330.2130
=1.025

Current CPI (Mar. 2026) = 330.2130.

Turkiye Sinai Kalkinma Bankasi AS Quarterly Data

per share eps CPI Adj_EPS
201606 0.043 241.018 0.059
201609 0.048 241.428 0.066
201612 0.032 241.432 0.044
201703 0.060 243.801 0.081
201706 0.056 244.955 0.075
201709 0.069 246.819 0.092
201712 0.060 246.524 0.080
201803 0.057 249.554 0.075
201806 0.056 251.989 0.073
201809 0.026 252.439 0.034
201812 0.087 251.233 0.114
201903 0.061 254.202 0.079
201906 0.076 256.143 0.098
201909 0.067 256.759 0.086
201912 0.056 256.974 0.072
202003 0.054 258.115 0.069
202006 0.061 257.797 0.078
202009 0.073 260.280 0.093
202012 0.065 260.474 0.082
202103 0.081 264.877 0.101
202106 0.090 271.696 0.109
202109 0.105 274.310 0.126
202112 0.109 278.802 0.129
202203 0.216 287.504 0.248
202206 0.326 296.311 0.363
202209 401.000 296.808 446.132
202212 0.478 296.797 0.532
202303 0.504 301.836 0.551
202306 0.619 305.109 0.670
202309 0.665 307.789 0.713
202312 0.700 306.746 0.754
202403 0.699 312.332 0.739
202406 0.862 314.175 0.906
202409 0.962 315.301 1.007
202412 1.128 315.605 1.180
202503 1.104 319.799 1.140
202506 1.207 322.561 1.236
202509 1.010 324.800 1.027
202512 0.723 324.054 0.737
202603 1.025 330.213 1.025

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 ₺46.09 mean?
Turkiye Sinai Kalkinma Bankasi AS (IST:TSKB) has a E10 of ₺46.09 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Turkiye Sinai Kalkinma Bankasi AS and its competitors.
Is Turkiye Sinai Kalkinma Bankasi AS's E10 too high?
Turkiye Sinai Kalkinma Bankasi AS's current E10 is ₺46.09. Overall, Turkiye Sinai Kalkinma Bankasi AS has a GF Score™ of 61/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Turkiye Sinai Kalkinma Bankasi AS's E10 compare to PNC and USB?
Turkiye Sinai Kalkinma Bankasi AS's E10 of ₺46.09 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 Turkiye Sinai Kalkinma Bankasi AS and its competitors. Turkiye Sinai Kalkinma Bankasi AS's current E10 is ₺46.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Turkiye Sinai Kalkinma Bankasi AS stock overvalued right now?
Based on GuruFocus' analysis, Turkiye Sinai Kalkinma Bankasi AS (IST:TSKB) is currently considered Modestly Undervalued. The stock's GF Value™ is ₺15.69, compared to a current price of ₺12.21 — trading 22.2% below its estimated fair value. The current E10 is ₺46.09. Turkiye Sinai Kalkinma Bankasi AS's overall GF Score™ is 61/100 with 2 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 Turkiye Sinai Kalkinma Bankasi AS (IST:TSKB), the current E10 is ₺46.09 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 Turkiye Sinai Kalkinma Bankasi AS (IST:TSKB) Overvalued in 2026?

Based on GuruFocus' analysis, Turkiye Sinai Kalkinma Bankasi AS stock appears to be undervalued. The current stock price of ₺12.21 is trading 22.2% below its estimated GF Value™ of ₺15.69. GuruFocus considers Turkiye Sinai Kalkinma Bankasi AS to be Modestly Undervalued.

Key valuation signals for IST:TSKB:

  • E10: ₺46.09
  • GF Value™: ₺15.69 vs. price of ₺12.21 (22.2% below fair value)
  • GF Score™: 61/100 with 2 warning signs

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


Turkiye Sinai Kalkinma Bankasi AS Business Description

Address Meclisi Mebusan Cad. No. 81 Findikli, Beyoglu, Istanbul, TUR, 34427
Turkiye Sinai Kalkinma Bankasi AS is an investment and development bank principally operating in Turkey. The company provides a broad array of corporate banking, investment banking, and consultancy services.
61GF Score

Get the complete analysis for IST:TSKB

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

₺12.21
Price
₺15.69
GF Value