Turkiye Vakiflar Bankasi TAO (IST:VAKBN) E10: ₺3.53 (As of Mar. 2026)

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Director of Data and Quant Analytics at GuruFocus
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Charlie Tian
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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

IST:VAKBN Turkiye Vakiflar Bankasi TAO IST:VAKBN
75 GF Score
Price ₺30.44
GF Value ₺40.32
Valuation Modestly Undervalued
! 3 Warning Signs
View Full Analysis

What is Turkiye Vakiflar Bankasi TAO E10?

Turkiye Vakiflar Bankasi TAO IST:VAKBN -0.59% 75 E10 is ₺3.53 as of Mar. 2026. GuruFocus rates IST:VAKBN with a GF Score™ of 75/100 and a GF Value™ of ₺40.32 (Modestly Undervalued). The stock has 3 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 Vakiflar Bankasi TAO's adjusted earnings per share data for the three months ended in Mar. 2026 was ₺1.765. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₺3.53 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Turkiye Vakiflar Bankasi TAO's average E10 Growth Rate was 26.50% per year. During the past 3 years, the average E10 Growth Rate was 24.00% per year. During the past 5 years, the average E10 Growth Rate was 23.60% 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 Vakiflar Bankasi TAO was 24.90% per year. The lowest was 12.50% per year. And the median was 20.90% per year.

As of today (2026-07-24), Turkiye Vakiflar Bankasi TAO's current stock price is ₺30.44. Turkiye Vakiflar Bankasi TAO's E10 for the quarter that ended in Mar. 2026 was ₺3.53. Turkiye Vakiflar Bankasi TAO's Shiller PE Ratio of today is 8.62.

During the past 13 years, the highest Shiller PE Ratio of Turkiye Vakiflar Bankasi TAO was 12.45. The lowest was 2.25. And the median was 5.34.


Turkiye Vakiflar Bankasi TAO  (IST:VAKBN) 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 Vakiflar Bankasi TAO's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=30.44/3.53
=8.62

* 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 Vakiflar Bankasi TAO was 12.45. The lowest was 2.25. And the median was 5.34.


Be Aware

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


Turkiye Vakiflar Bankasi TAO E10 Related Terms


Turkiye Vakiflar Bankasi TAO E10 Historical Data

* Premium members only.

The historical data trend for Turkiye Vakiflar Bankasi TAO'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 Vakiflar Bankasi TAO E10 Chart

Turkiye Vakiflar Bankasi TAO 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 1.31 1.74 2.05 2.55 3.32

Turkiye Vakiflar Bankasi TAO 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 2.79 2.93 3.07 3.32 3.53

Turkiye Vakiflar Bankasi TAO E10 Competitor Comparison

For the Banks - Regional subindustry, Turkiye Vakiflar Bankasi TAO'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 Vakiflar Bankasi TAO Shiller PE Ratio vs Banks Industry

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

* The bar in red indicates where Turkiye Vakiflar Bankasi TAO's Shiller PE Ratio falls into.


IST:VAKBN
75GF Score
Turkiye Vakiflar Bankasi TAO IST:VAKBN
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Turkiye Vakiflar Bankasi TAO 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 Vakiflar Bankasi TAO'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)
=1.765/330.2130*330.2130
=1.765

Current CPI (Mar. 2026) = 330.2130.

Turkiye Vakiflar Bankasi TAO Quarterly Data

per share eps CPI Adj_EPS
201606 0.241 241.018 0.330
201609 0.340 241.428 0.465
201612 0.326 241.432 0.446
201703 0.502 243.801 0.680
201706 0.376 244.955 0.507
201709 0.312 246.819 0.417
201712 0.383 246.524 0.513
201803 0.447 249.554 0.591
201806 0.445 251.989 0.583
201809 0.416 252.439 0.544
201812 0.510 251.233 0.670
201903 0.312 254.202 0.405
201906 0.194 256.143 0.250
201909 0.302 256.759 0.388
201912 0.540 256.974 0.694
202003 0.707 258.115 0.904
202006 0.636 257.797 0.815
202009 0.324 260.280 0.411
202012 0.217 260.474 0.275
202103 0.236 264.877 0.294
202106 0.206 271.696 0.250
202109 0.245 274.310 0.295
202112 0.653 278.802 0.773
202203 0.761 287.504 0.874
202206 1.072 296.311 1.195
202209 0.863 296.808 0.960
202212 1.412 296.797 1.571
202303 0.634 301.836 0.694
202306 0.289 305.109 0.313
202309 1.064 307.789 1.142
202312 1.348 306.746 1.451
202403 1.343 312.332 1.420
202406 1.363 314.175 1.433
202409 1.194 315.301 1.250
202412 1.444 315.605 1.511
202503 2.224 319.799 2.296
202506 1.420 322.561 1.454
202509 1.454 324.800 1.478
202512 2.897 324.054 2.952
202603 1.765 330.213 1.765

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 ₺3.53 mean?
Turkiye Vakiflar Bankasi TAO (IST:VAKBN) has a E10 of ₺3.53 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Turkiye Vakiflar Bankasi TAO and its competitors.
Is Turkiye Vakiflar Bankasi TAO's E10 too high?
Turkiye Vakiflar Bankasi TAO's current E10 is ₺3.53. Overall, Turkiye Vakiflar Bankasi TAO has a GF Score™ of 75/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Turkiye Vakiflar Bankasi TAO's E10 compare to competitors?
Turkiye Vakiflar Bankasi TAO's E10 of ₺3.53 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 Vakiflar Bankasi TAO and its competitors. Turkiye Vakiflar Bankasi TAO's current E10 is ₺3.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Turkiye Vakiflar Bankasi TAO stock overvalued right now?
Based on GuruFocus' analysis, Turkiye Vakiflar Bankasi TAO (IST:VAKBN) is currently considered Modestly Undervalued. The stock's GF Value™ is ₺40.32, compared to a current price of ₺30.44 — trading 24.5% below its estimated fair value. The current E10 is ₺3.53. Turkiye Vakiflar Bankasi TAO's overall GF Score™ is 75/100 with 3 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 Vakiflar Bankasi TAO (IST:VAKBN), the current E10 is ₺3.53 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 Vakiflar Bankasi TAO (IST:VAKBN) Overvalued in 2026?

Based on GuruFocus' analysis, Turkiye Vakiflar Bankasi TAO stock appears to be undervalued. The current stock price of ₺30.44 is trading 24.5% below its estimated GF Value™ of ₺40.32. GuruFocus considers Turkiye Vakiflar Bankasi TAO to be Modestly Undervalued.

Key valuation signals for IST:VAKBN:

  • E10: ₺3.53
  • GF Value™: ₺40.32 vs. price of ₺30.44 (24.5% below fair value)
  • GF Score™: 75/100 with 3 warning signs

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


Turkiye Vakiflar Bankasi TAO Business Description

Address Finans Street No: 40/1, Finanskent Neighborhood, Umraniye, Istanbul, TUR, 34768
Turkiye Vakiflar Bankasi TAO provides a range of banking products and services through its corporate, commercial and small to midsize enterprise, and retail and private banking business lines. In addition to its core services, the bank also participates in investment banking, insurance, and financial leasing, as well as factoring, among other activities.
75GF Score

Get the complete analysis for IST:VAKBN

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

₺30.44
Price
₺40.32
GF Value