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Bank Muscat (SAOG) (LSE:BKM) E10 : $0.63 (As of Sep. 2024)


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What is Bank Muscat (SAOG) 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 Muscat (SAOG)'s adjusted earnings per share data for the three months ended in Sep. 2024 was $0.083. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $0.63 for the trailing ten years ended in Sep. 2024.

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 (2025-03-03), Bank Muscat (SAOG)'s current stock price is $4.00. Bank Muscat (SAOG)'s E10 for the quarter that ended in Sep. 2024 was $0.63. Bank Muscat (SAOG)'s Shiller PE Ratio of today is 6.35.

During the past 13 years, the highest Shiller PE Ratio of Bank Muscat (SAOG) was 9.67. The lowest was 2.18. And the median was 6.63.


Bank Muscat (SAOG) E10 Historical Data

The historical data trend for Bank Muscat (SAOG)'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 Muscat (SAOG) E10 Chart

Bank Muscat (SAOG) 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 - - - 0.44 0.61

Bank Muscat (SAOG) Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 0.58 0.61 0.61 0.64 0.63

Competitive Comparison of Bank Muscat (SAOG)'s E10

For the Banks - Regional subindustry, Bank Muscat (SAOG)'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 Muscat (SAOG)'s Shiller PE Ratio Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Bank Muscat (SAOG)'s Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Bank Muscat (SAOG)'s Shiller PE Ratio falls into.



Bank Muscat (SAOG) 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 Muscat (SAOG)'s adjusted earnings per share data for the three months ended in Sep. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Sep. 2024 (Change)*Current CPI (Sep. 2024)
=0.083/133.0289*133.0289
=0.083

Current CPI (Sep. 2024) = 133.0289.

Bank Muscat (SAOG) Quarterly Data

per share eps CPI Adj_EPS
201312 0.077 98.326 0.104
201403 0.060 99.695 0.080
201406 0.073 100.560 0.097
201409 0.063 100.428 0.083
201412 0.049 99.070 0.066
201503 0.063 99.621 0.084
201506 0.072 100.684 0.095
201509 0.071 100.392 0.094
201512 0.037 99.792 0.049
201603 0.062 100.470 0.082
201606 0.072 101.688 0.094
201609 0.071 101.861 0.093
201612 0.054 101.863 0.071
201703 0.062 102.862 0.080
201706 0.059 103.349 0.076
201709 0.068 104.136 0.087
201712 0.066 104.011 0.084
201812 0.584 105.998 0.733
201903 0.063 107.251 0.078
201909 0.063 108.329 0.077
201912 0.058 108.420 0.071
202003 0.045 108.902 0.055
202006 0.049 108.767 0.060
202009 0.059 109.815 0.071
202012 0.069 109.897 0.084
202103 0.062 111.754 0.074
202106 0.064 114.631 0.074
202109 0.059 115.734 0.068
202112 0.061 117.630 0.069
202203 0.062 121.301 0.068
202206 0.062 125.017 0.066
202209 0.073 125.227 0.078
202212 0.068 125.222 0.072
202303 0.073 127.348 0.076
202306 0.062 128.729 0.064
202309 0.073 129.860 0.075
202312 0.052 129.419 0.053
202403 0.073 131.776 0.074
202406 0.062 132.554 0.062
202409 0.083 133.029 0.083

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


Bank Muscat (SAOG)  (LSE:BKM) 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 Muscat (SAOG)'s Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=4.00/0.63
=6.35

* 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 Muscat (SAOG) was 9.67. The lowest was 2.18. And the median was 6.63.


Be Aware

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


Bank Muscat (SAOG) E10 Related Terms

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


Bank Muscat (SAOG) Business Description

Traded in Other Exchanges
Address
Street No. 62, Block No. 311, Building No. 120/4, Airport Heights, Seeb, Muscat, OMN, 112
Bank Muscat (SAOG) is a banking corporation. Its business is to accept Sharia-compliant customer deposits, provide Shari'a compliant financing based on various Shari'a compliant modes, undertake investment activities, commercial banking services, and other investment activities in the Sultanate of Oman. The company's service segments include corporate, personal, wholesale, islamic, and international banking. It generates maximum revenue from the personal banking segment which provides products and services to individuals, including consumer loans, credit cards, deposit accounts including saving deposits, foreign exchange, e-banking, remittances, bancassurance, and other branch-related services.

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