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Bank of Punjab (KAR:BOP) E10 : ₨2.77 (As of Mar. 2024)


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What is Bank of Punjab 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 Punjab's adjusted earnings per share data for the three months ended in Mar. 2024 was ₨0.500. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₨2.77 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Bank of Punjab's average E10 Growth Rate was 8.20% 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.

As of today (2024-06-06), Bank of Punjab's current stock price is ₨4.84. Bank of Punjab's E10 for the quarter that ended in Mar. 2024 was ₨2.77. Bank of Punjab's Shiller PE Ratio of today is 1.75.

During the past 13 years, the highest Shiller PE Ratio of Bank of Punjab was 5.04. The lowest was 1.25. And the median was 1.88.


Bank of Punjab E10 Historical Data

The historical data trend for Bank of Punjab'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 Punjab E10 Chart

Bank of Punjab 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 - - 1.40 2.54 2.71

Bank of Punjab Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 2.56 2.55 2.61 2.71 2.77

Competitive Comparison of Bank of Punjab's E10

For the Banks - Regional subindustry, Bank of Punjab'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 Punjab's Shiller PE Ratio Distribution in the Banks Industry

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

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



Bank of Punjab 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 Punjab's adjusted earnings per share data for the three months ended in Mar. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=0.5/131.7762*131.7762
=0.500

Current CPI (Mar. 2024) = 131.7762.

Bank of Punjab Quarterly Data

per share eps CPI Adj_EPS
201406 0.531 100.560 0.696
201409 0.372 100.428 0.488
201412 0.379 99.070 0.504
201503 0.637 99.621 0.843
201506 0.698 100.684 0.914
201509 0.448 100.392 0.588
201512 0.516 99.792 0.681
201603 0.713 100.470 0.935
201606 0.679 101.688 0.880
201609 0.606 101.861 0.784
201612 0.461 101.863 0.596
201703 0.808 102.862 1.035
201706 0.331 103.349 0.422
201709 0.509 104.136 0.644
201712 -1.998 104.011 -2.531
201803 0.590 105.290 0.738
201806 0.580 106.317 0.719
201809 0.501 106.507 0.620
201812 0.622 105.998 0.773
201903 0.572 107.251 0.703
201906 0.638 108.070 0.778
201909 0.655 108.329 0.797
201912 0.633 108.420 0.769
202003 0.453 108.902 0.548
202006 0.638 108.767 0.773
202009 0.663 109.815 0.796
202012 0.331 109.897 0.397
202103 0.558 111.754 0.658
202106 1.127 114.631 1.296
202109 0.945 115.734 1.076
202112 1.136 117.630 1.273
202203 0.720 121.301 0.782
202206 0.990 125.017 1.044
202209 0.650 125.227 0.684
202212 0.960 125.222 1.010
202303 0.350 127.348 0.362
202306 0.670 128.729 0.686
202309 0.750 129.860 0.761
202312 1.610 129.419 1.639
202403 0.500 131.776 0.500

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


Bank of Punjab  (KAR:BOP) 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 Punjab's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=4.84/2.77
=1.75

* 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 Punjab was 5.04. The lowest was 1.25. And the median was 1.88.


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 Punjab E10 Related Terms

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


Bank of Punjab (KAR:BOP) Business Description

Traded in Other Exchanges
N/A
Address
Main Boulevard, Block E-II, 10-B, BOP Tower, Gulberg III, Lahore, PB, PAK
Bank of Punjab is a financial institution providing a range of customized banking products and services. The bank also provides Islamic banking, payment services, home remittances, and other services. The operating segments of the company are Corporate and investment banking; Consumer and digital banking; Cards and public sector deposits (CPSD); Treasury; Islamic banking and others.

Bank of Punjab (KAR:BOP) Headlines

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