TBC Bank Group (LSE:TBCG) E10: £4.85 (As of Jun. 2026)

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Director of Data and Quant Analytics at GuruFocus
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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.

LSE:TBCG TBC Bank Group PLC LSE:TBCG
82 GF Score
Price £51.10
GF Value £45.77
Valuation Modestly Overvalued
! 4 Warning Signs
View Full Analysis

What is TBC Bank Group E10?

TBC Bank Group LSE:TBCG +1.89% 82 E10 is £4.85 as of Jun. 2026. GuruFocus rates LSE:TBCG with a GF Score™ of 82/100 and a GF Value™ of £45.77 (Modestly Overvalued). 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.

TBC Bank Group's adjusted earnings per share data for the three months ended in Jun. 2026 was £1.961. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is £4.85 for the trailing ten years ended in Jun. 2026.

During the past 12 months, TBC Bank Group's average E10 Growth Rate was 16.40% 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 (2026-09-04), TBC Bank Group's current stock price is £51.10. TBC Bank Group's E10 for the quarter that ended in Jun. 2026 was £4.85. TBC Bank Group's Shiller PE Ratio of today is 10.54.

During the past 13 years, the highest Shiller PE Ratio of TBC Bank Group was 11.61. The lowest was 7.60. And the median was 9.97.


TBC Bank Group  (LSE:TBCG) 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.

TBC Bank Group's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=51.10/4.85
=10.54

* 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 TBC Bank Group was 11.61. The lowest was 7.60. And the median was 9.97.


Be Aware

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


TBC Bank Group E10 Related Terms


TBC Bank Group E10 Historical Data

* Premium members only.

The historical data trend for TBC Bank Group'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.

TBC Bank Group E10 Chart

TBC Bank Group 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 0.00 0.00 0.00 3.93 4.50

TBC Bank Group 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 4.17 4.33 4.50 4.67 4.85

TBC Bank Group E10 Competitor Comparison

For the Banks - Regional subindustry, TBC Bank Group'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.


TBC Bank Group Shiller PE Ratio vs Banks Industry

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

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


LSE:TBCG
82GF Score
TBC Bank Group PLC LSE:TBCG
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

TBC Bank Group 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, TBC Bank Group'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)
=1.961/142.3000*142.3000
=1.961

Current CPI (Jun. 2026) = 142.3000.

TBC Bank Group Quarterly Data

per share eps CPI Adj_EPS
201609 0.400 101.500 0.561
201612 0.484 102.200 0.674
201703 0.495 102.700 0.686
201706 0.416 103.500 0.572
201709 0.450 104.300 0.614
201712 0.509 105.000 0.690
201803 0.506 105.100 0.685
201806 0.532 105.900 0.715
201809 0.551 106.600 0.736
201812 0.670 107.100 0.890
201903 0.687 107.000 0.914
201906 0.618 107.900 0.815
201909 0.642 108.400 0.843
201912 0.823 108.500 1.079
202003 -0.295 108.600 -0.387
202006 0.641 108.800 0.838
202009 0.773 109.200 1.007
202012 0.506 109.400 0.658
202103 0.775 109.700 1.005
202106 1.271 111.400 1.624
202109 1.050 112.400 1.329
202112 1.008 114.700 1.251
202203 1.128 116.500 1.378
202206 1.198 120.500 1.415
202209 1.636 122.300 1.904
202212 1.126 125.300 1.279
202303 1.272 126.800 1.427
202306 1.481 129.400 1.629
202309 1.533 130.100 1.677
202312 1.499 130.500 1.635
202403 1.526 131.600 1.650
202406 1.684 133.000 1.802
202409 1.742 133.500 1.857
202412 1.667 135.100 1.756
202503 1.617 136.100 1.691
202506 1.734 138.400 1.783
202509 1.835 138.900 1.880
202512 1.958 139.900 1.992
202603 1.849 140.800 1.869
202606 1.961 142.300 1.961

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 £4.85 mean?
TBC Bank Group (LSE:TBCG) has a E10 of £4.85 as of Jun. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on TBC Bank Group and its competitors.
Is TBC Bank Group's E10 too high?
TBC Bank Group's current E10 is £4.85. Overall, TBC Bank Group has a GF Score™ of 82/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does TBC Bank Group's E10 compare to competitors?
TBC Bank Group's E10 of £4.85 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 TBC Bank Group and its competitors. TBC Bank Group's current E10 is £4.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TBC Bank Group stock overvalued right now?
Based on GuruFocus' analysis, TBC Bank Group (LSE:TBCG) is currently considered Modestly Overvalued. The stock's GF Value™ is £45.77, compared to a current price of £51.10 — trading 11.6% above its estimated fair value. The current E10 is £4.85. TBC Bank Group's overall GF Score™ is 82/100 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 TBC Bank Group (LSE:TBCG), the current E10 is £4.85 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 TBC Bank Group (LSE:TBCG) Overvalued in 2026?

Based on GuruFocus' analysis, TBC Bank Group stock appears to be overvalued. The current stock price of £51.10 is trading 11.6% above its estimated GF Value™ of £45.77. GuruFocus considers TBC Bank Group to be Modestly Overvalued.

Key valuation signals for LSE:TBCG:

  • E10: £4.85
  • GF Value™: £45.77 vs. price of £51.10 (11.6% above fair value)
  • GF Score™: 82/100 with 4 warning signs

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


TBC Bank Group Business Description

Address C/O Law Debenture, 100 Bishopsgate, London, GBR, EC2N 4AG
TBC Bank Group PLC is a UK-based banking group. The business activities of the company involves universal banking operations within Georgia. The bank is focused on financial services activities, and the majority of its total assets relate to banking, insurance, leasing, brokerage, and corporate advisory services. Its operating segments include Georgian financial services (Georgia FS), which includes corporate and investment banking (CIB), Retail - non-business individual customers; Micro, Small, and Medium Enterprises: (MSME); Uzbekistan; and Other Operations.
82GF Score

Get the complete analysis for LSE:TBCG

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

£51.10
Price
£45.77
GF Value