PT Bank Negara Indonesia (Persero) Tbk (ISX:BBNI) E10: Rp467.61 (As of Jun. 2026)

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ISX:BBNI PT Bank Negara Indonesia (Persero) Tbk ISX:BBNI
75 GF Score
Price Rp3,750.00
GF Value Rp5,161.46
Valuation Modestly Undervalued
! 5 Warning Signs
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What is PT Bank Negara Indonesia (Persero) Tbk E10?

PT Bank Negara Indonesia (Persero) Tbk ISX:BBNI -3.10% 75 E10 is Rp467.61 as of Jun. 2026. GuruFocus rates ISX:BBNI with a GF Score™ of 75/100 and a GF Value™ of Rp5,161.46 (Modestly Undervalued). The stock has 5 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.

PT Bank Negara Indonesia (Persero) Tbk's adjusted earnings per share data for the three months ended in Jun. 2026 was Rp136.756. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is Rp467.61 for the trailing ten years ended in Jun. 2026.

During the past 12 months, PT Bank Negara Indonesia (Persero) Tbk's average E10 Growth Rate was 7.00% per year. During the past 3 years, the average E10 Growth Rate was 7.50% per year. During the past 5 years, the average E10 Growth Rate was 8.00% 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 PT Bank Negara Indonesia (Persero) Tbk was 8.80% per year. The lowest was 3.10% per year. And the median was 7.80% per year.

As of today (2026-09-16), PT Bank Negara Indonesia (Persero) Tbk's current stock price is Rp3750.00. PT Bank Negara Indonesia (Persero) Tbk's E10 for the quarter that ended in Jun. 2026 was Rp467.61. PT Bank Negara Indonesia (Persero) Tbk's Shiller PE Ratio of today is 8.02.

During the past 13 years, the highest Shiller PE Ratio of PT Bank Negara Indonesia (Persero) Tbk was 15.42. The lowest was 4.93. And the median was 10.86.


PT Bank Negara Indonesia (Persero) Tbk  (ISX:BBNI) 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.

PT Bank Negara Indonesia (Persero) Tbk's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=3750.00/467.614
=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 PT Bank Negara Indonesia (Persero) Tbk was 15.42. The lowest was 4.93. And the median was 10.86.


Be Aware

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


PT Bank Negara Indonesia (Persero) Tbk E10 Related Terms


PT Bank Negara Indonesia (Persero) Tbk E10 Historical Data

* Premium members only.

The historical data trend for PT Bank Negara Indonesia (Persero) Tbk'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.

PT Bank Negara Indonesia (Persero) Tbk E10 Chart

PT Bank Negara Indonesia (Persero) Tbk 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 320.23 358.84 389.87 415.13 448.73

PT Bank Negara Indonesia (Persero) Tbk 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 436.64 439.36 446.42 455.09 467.61

PT Bank Negara Indonesia (Persero) Tbk E10 Competitor Comparison

For the Banks - Regional subindustry, PT Bank Negara Indonesia (Persero) Tbk'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.


PT Bank Negara Indonesia (Persero) Tbk Shiller PE Ratio vs Banks Industry

For the Banks industry and Financial Services sector, PT Bank Negara Indonesia (Persero) Tbk's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where PT Bank Negara Indonesia (Persero) Tbk's Shiller PE Ratio falls into.


ISX:BBNI
75GF Score
PT Bank Negara Indonesia (Persero) Tbk ISX:BBNI
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PT Bank Negara Indonesia (Persero) Tbk 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, PT Bank Negara Indonesia (Persero) Tbk'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)
=136.7555/137.6954*137.6954
=136.756

Current CPI (Jun. 2026) = 137.6954.

PT Bank Negara Indonesia (Persero) Tbk Quarterly Data

per share eps CPI Adj_EPS
201609 89.500 104.142 118.335
201612 97.000 105.222 126.936
201703 86.500 106.476 111.862
201706 85.500 107.722 109.291
201709 100.500 108.020 128.109
201712 92.500 109.017 116.833
201803 97.749 110.097 122.253
201806 102.000 111.085 126.434
201809 107.282 111.135 132.922
201812 95.908 112.430 117.460
201903 109.273 112.829 133.356
201906 95.412 114.730 114.510
201909 116.330 114.905 139.403
201912 91.469 115.486 109.059
202003 115.331 116.252 136.604
202006 5.466 116.630 6.453
202009 -3.667 116.397 -4.338
202012 -27.890 117.318 -32.735
202103 64.005 117.840 74.790
202106 70.908 118.184 82.614
202109 72.997 118.262 84.992
202112 84.628 119.516 97.500
202203 106.488 120.948 121.233
202206 129.793 123.322 144.920
202209 131.082 125.298 144.051
202212 123.865 126.098 135.257
202303 70.024 126.953 75.949
202306 136.311 127.663 147.023
202309 146.323 128.151 157.221
202312 138.396 129.395 147.274
202403 142.925 130.607 150.682
202406 143.907 130.792 151.503
202409 150.595 130.361 159.068
202412 138.370 131.432 144.964
202503 144.259 131.948 150.542
202506 126.516 133.241 130.746
202509 134.770 133.819 138.674
202512 132.206 135.271 134.575
202603 151.774 136.539 153.060
202606 136.756 137.695 136.756

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 Rp467.61 mean?
PT Bank Negara Indonesia (Persero) Tbk (ISX:BBNI) has a E10 of Rp467.61 as of Jun. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on PT Bank Negara Indonesia (Persero) Tbk and its competitors.
Is PT Bank Negara Indonesia (Persero) Tbk's E10 too high?
PT Bank Negara Indonesia (Persero) Tbk's current E10 is Rp467.61. Overall, PT Bank Negara Indonesia (Persero) Tbk has a GF Score™ of 75/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PT Bank Negara Indonesia (Persero) Tbk's E10 compare to competitors?
PT Bank Negara Indonesia (Persero) Tbk's E10 of Rp467.61 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 PT Bank Negara Indonesia (Persero) Tbk and its competitors. PT Bank Negara Indonesia (Persero) Tbk's current E10 is Rp467.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Bank Negara Indonesia (Persero) Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Bank Negara Indonesia (Persero) Tbk (ISX:BBNI) is currently considered Modestly Undervalued. The stock's GF Value™ is Rp5,161.46, compared to a current price of Rp3,750.00 — trading 27.3% below its estimated fair value. The current E10 is Rp467.61. PT Bank Negara Indonesia (Persero) Tbk's overall GF Score™ is 75/100 with 5 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 PT Bank Negara Indonesia (Persero) Tbk (ISX:BBNI), the current E10 is Rp467.61 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 PT Bank Negara Indonesia (Persero) Tbk (ISX:BBNI) Overvalued in 2026?

Based on GuruFocus' analysis, PT Bank Negara Indonesia (Persero) Tbk stock appears to be undervalued. The current stock price of Rp3,750.00 is trading 27.3% below its estimated GF Value™ of Rp5,161.46. GuruFocus considers PT Bank Negara Indonesia (Persero) Tbk to be Modestly Undervalued.

Key valuation signals for ISX:BBNI:

  • E10: Rp467.61
  • GF Value™: Rp5,161.46 vs. price of Rp3,750.00 (27.3% below fair value)
  • GF Score™: 75/100 with 5 warning signs

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


PT Bank Negara Indonesia (Persero) Tbk Business Description

Other Exchanges PTBRY:USABKE1:Germany
Address Jalan Jenderal Sudirman Kavling 1, Gedung Grha BNI, Jakarta Pusat, Jakarta, IDN, 10220
PT Bank Negara Indonesia (Persero) Tbk is an Indonesian state-owned bank, with the government holding just over half of the bank's outstanding shares. Its main banking activities include deposit-taking, providing credit, issuing debt instruments, money transfer services, secondary market services, wholesale banking, custody banking, capital investment, and other services. Its segments include Wholesale & International Banking, Institutional Banking, Enterprises & Commercial Banking, Retail Banking and Treasury. The company generates the majority of its revenue from the Wholesale & International Banking segment which includes loans, customer deposits, and other transactions belonging to corporate customers, both BUMN and private business entities.
75GF Score

Get the complete analysis for ISX:BBNI

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

Rp3,750.00
Price
Rp5,161.46
GF Value