GFH Bank BSC (KUW:GFH) E10: KWD0.05 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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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.

KUW:GFH GFH Bank BSC KUW:GFH
37 GF Score
Price KWD0.17
GF Value KWD0.17
Valuation Fairly Valued
! 4 Warning Signs
View Full Analysis

What is GFH Bank BSC E10?

GFH Bank BSC KUW:GFH 37 E10 is KWD0.05 as of Mar. 2026. GuruFocus rates KUW:GFH with a GF Score™ of 37/100 and a GF Value™ of KWD0.17 (Fairly Valued). The stock has 4 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.

GFH Bank BSC's adjusted earnings per share data for the three months ended in Mar. 2026 was KWD0.313. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is KWD0.05 for the trailing ten years ended in Mar. 2026.

During the past 12 months, GFH Bank BSC's average E10 Growth Rate was 250.00% per year. During the past 3 years, the average E10 Growth Rate was 10.10% 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 GFH Bank BSC was 10.10% per year. The lowest was 10.10% per year. And the median was 10.10% per year.

As of today (2026-07-21), GFH Bank BSC's current stock price is KWD0.172. GFH Bank BSC's E10 for the quarter that ended in Mar. 2026 was KWD0.05. GFH Bank BSC's Shiller PE Ratio of today is 3.44.

During the past 13 years, the highest Shiller PE Ratio of GFH Bank BSC was 15.60. The lowest was 3.41. And the median was 8.57.


GFH Bank BSC  (KUW:GFH) 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.

GFH Bank BSC's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=0.172/0.05
=3.44

* 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 GFH Bank BSC was 15.60. The lowest was 3.41. And the median was 8.57.


Be Aware

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


GFH Bank BSC E10 Related Terms


GFH Bank BSC E10 Historical Data

* Premium members only.

The historical data trend for GFH Bank BSC'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.

GFH Bank BSC E10 Chart

GFH Bank BSC 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 0.01 0.01 0.01 0.01 0.01

GFH Bank BSC 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 0.01 0.01 0.01 0.01 0.05

KUW:GFH vs PNC, USB: E10 Comparison

For the Banks - Regional subindustry, GFH Bank BSC'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.


GFH Bank BSC Shiller PE Ratio vs Banks Industry

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

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


KUW:GFH
37GF Score
GFH Bank BSC KUW:GFH
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

GFH Bank BSC 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, GFH Bank BSC'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)
=0.313/330.2130*330.2130
=0.313

Current CPI (Mar. 2026) = 330.2130.

GFH Bank BSC Quarterly Data

per share eps CPI Adj_EPS
201606 0.001 241.018 0.001
201609 -0.001 241.428 -0.001
201612 0.020 241.432 0.027
201703 0.004 243.801 0.005
201706 0.003 244.955 0.004
201709 0.003 246.819 0.004
201712 0.001 246.524 0.001
201803 0.003 249.554 0.004
201806 0.003 251.989 0.004
201809 0.003 252.439 0.004
201812 0.001 251.233 0.001
201903 0.002 254.202 0.003
201906 0.002 256.143 0.003
201909 0.002 256.759 0.003
201912 0.000 256.974 0.000
202003 0.000 258.115 0.000
202006 0.001 257.797 0.001
202009 0.001 260.280 0.001
202012 0.002 260.474 0.003
202103 0.002 264.877 0.002
202106 0.002 271.696 0.002
202109 0.002 274.310 0.002
202112 0.003 278.802 0.004
202203 0.002 287.504 0.002
202206 0.002 296.311 0.002
202209 0.002 296.808 0.002
202212 0.002 296.797 0.002
202303 0.002 301.836 0.002
202306 0.003 305.109 0.003
202309 0.002 307.789 0.002
202312 0.002 306.746 0.002
202403 0.002 312.332 0.002
202406 0.003 314.175 0.003
202409 0.002 315.301 0.002
202412 0.003 315.605 0.003
202503 0.003 319.799 0.003
202506 0.003 322.561 0.003
202509 0.003 324.800 0.003
202512 0.003 324.054 0.003
202603 0.313 330.213 0.313

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 KWD0.05 mean?
GFH Bank BSC (KUW:GFH) has a E10 of KWD0.05 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on GFH Bank BSC and its competitors.
Is GFH Bank BSC's E10 too high?
GFH Bank BSC's current E10 is KWD0.05. Overall, GFH Bank BSC has a GF Score™ of 37/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does GFH Bank BSC's E10 compare to PNC and USB?
GFH Bank BSC's E10 of KWD0.05 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 GFH Bank BSC and its competitors. GFH Bank BSC's current E10 is KWD0.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is GFH Bank BSC stock overvalued right now?
Based on GuruFocus' analysis, GFH Bank BSC (KUW:GFH) is currently considered Fairly Valued. The stock's GF Value™ is KWD0.17, compared to a current price of KWD0.17 — trading 1.2% above its estimated fair value. The current E10 is KWD0.05. GFH Bank BSC's overall GF Score™ is 37/100 with 4 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 GFH Bank BSC (KUW:GFH), the current E10 is KWD0.05 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 GFH Bank BSC (KUW:GFH) Overvalued in 2026?

Based on GuruFocus' analysis, GFH Bank BSC stock appears to be overvalued. The current stock price of KWD0.17 is trading 1.2% above its estimated GF Value™ of KWD0.17. GuruFocus considers GFH Bank BSC to be Fairly Valued.

Key valuation signals for KUW:GFH:

  • E10: KWD0.05
  • GF Value™: KWD0.17 vs. price of KWD0.17 (1.2% above fair value)
  • GF Score™: 37/100 with 4 warning signs

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


GFH Bank BSC Business Description

Address Road: 4626, 2nd Floor, Bahrain Harbors, Block: 346, Manama, BHR
GFH Bank BSC is a regional financial institution that provides banking and investment solutions across its key business lines, including Wealth and Investment Management, Credit and Financing, and Treasury and Proprietary Investments.
37GF Score

Get the complete analysis for KUW:GFH

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

KWD0.17
Price
KWD0.17
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