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Spar Nord Bank A/S E10

: DKK5.65 (As of Sep. 2020)
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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.

Spar Nord Bank A/S's adjusted earnings per share data for the three months ended in Sep. 2020 was DKK2.000. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is DKK5.65 for the trailing ten years ended in Sep. 2020.

As of today (2020-11-30), Spar Nord Bank A/S's current stock price is DKK63.50. Spar Nord Bank A/S's E10 for the quarter that ended in Sep. 2020 was DKK5.65. Spar Nord Bank A/S's Shiller PE Ratio of today is 11.24.

During the past 13 years, the highest Shiller PE Ratio of Spar Nord Bank A/S was 12.53. The lowest was 5.29. And the median was 10.65.


Spar Nord Bank A/S E10 Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

Spar Nord Bank A/S Annual Data
Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18
E10 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 12.47 4.78

Spar Nord Bank A/S Quarterly Data
Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20
E10 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 Premium Member Only Premium Member Only Premium Member Only 5.34 5.44 5.45 5.59 5.65

Competitive Comparison
* 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.


Spar Nord Bank A/S E10 Distribution

* The bar in red indicates where Spar Nord Bank A/S's E10 falls into.



Spar Nord Bank A/S 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, Spar Nord Bank A/S's adjusted earnings per share data for the three months ended in Sep. 2020 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Sep. 2020 (Change)*Current CPI (Sep. 2020)
=2/103.5000*103.5000
=2.000

Current CPI (Sep. 2020) = 103.5000.

Spar Nord Bank A/S Quarterly Data

per share eps CPI Adj_EPS
201012 -0.141 94.100 -0.156
201103 1.300 96.200 1.399
201106 0.800 96.000 0.863
201109 0.700 96.400 0.752
201112 0.648 96.700 0.694
201203 1.300 98.300 1.369
201206 0.100 98.200 0.105
201209 0.900 98.700 0.944
201212 -0.200 97.900 -0.211
201303 1.200 99.100 1.253
201306 0.900 98.800 0.943
201309 1.000 99.300 1.042
201312 1.200 98.900 1.256
201403 2.500 99.800 2.593
201406 1.000 99.500 1.040
201409 1.600 99.800 1.659
201412 -0.200 98.800 -0.210
201503 3.700 100.300 3.818
201506 1.300 100.200 1.343
201509 1.200 100.100 1.241
201512 0.900 99.400 0.937
201603 1.300 100.300 1.341
201606 1.800 100.500 1.854
201609 2.400 100.400 2.474
201612 1.200 100.300 1.238
201703 2.500 101.400 2.552
201706 2.000 102.000 2.029
201709 1.700 101.900 1.727
201712 1.500 101.000 1.537
201803 2.500 102.200 2.532
201806 2.500 103.100 2.510
201809 1.700 102.700 1.713
201812 0.500 102.300 0.506
201903 2.000 103.200 2.006
201906 2.200 103.500 2.200
201909 2.600 103.300 2.605
201912 1.400 103.000 1.407
202003 0.100 103.200 0.100
202006 1.800 104.000 1.791
202009 2.000 103.500 2.000

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


Spar Nord Bank A/S  (LTS:0JH4) 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.

Spar Nord Bank A/S's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=63.50/5.65
=11.24

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

During the past 13 years, the highest Shiller P/E Ratio of Spar Nord Bank A/S was 12.53. The lowest was 5.29. And the median was 10.65.


Be Aware

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


Spar Nord Bank A/S E10 Related Terms


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