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OTP Bank (LTS:0M69) E10 : Ft1,369.34 (As of Sep. 2024)


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What is OTP Bank 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.

OTP Bank's adjusted earnings per share data for the three months ended in Sep. 2024 was Ft1,206.130. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is Ft1,369.34 for the trailing ten years ended in Sep. 2024.

During the past 12 months, OTP Bank's average E10 Growth Rate was 30.90% per year. During the past 3 years, the average E10 Growth Rate was 24.00% 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 OTP Bank was 24.00% per year. The lowest was 3.70% per year. And the median was 13.85% per year.

As of today (2024-12-14), OTP Bank's current stock price is Ft12590.00. OTP Bank's E10 for the quarter that ended in Sep. 2024 was Ft1,369.34. OTP Bank's Shiller PE Ratio of today is 9.19.

During the past 13 years, the highest Shiller PE Ratio of OTP Bank was 22.80. The lowest was 7.19. And the median was 10.50.


OTP Bank E10 Historical Data

The historical data trend for OTP Bank'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.

OTP Bank E10 Chart

OTP Bank 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 872.97 786.80 678.46 1,485.74 1,268.80

OTP Bank 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 1,468.19 1,268.80 1,283.72 1,317.80 1,369.34

Competitive Comparison of OTP Bank's E10

For the Banks - Regional subindustry, OTP Bank'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.


OTP Bank's Shiller PE Ratio Distribution in the Banks Industry

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

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



OTP Bank 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, OTP Bank'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)
=1206.13/165.8771*165.8771
=1,206.130

Current CPI (Sep. 2024) = 165.8771.

OTP Bank Quarterly Data

per share eps CPI Adj_EPS
201412 41.000 98.816 68.825
201503 8.000 99.704 13.310
201506 138.716 100.962 227.905
201509 -13.224 99.704 -22.001
201512 96.154 99.704 159.971
201603 128.000 99.482 213.428
201606 265.000 100.814 436.024
201609 419.000 100.370 692.462
201612 95.876 101.406 156.831
201703 202.000 102.147 328.030
201706 308.000 102.724 497.354
201709 407.000 102.902 656.083
201712 156.000 103.627 249.711
201803 248.000 104.219 394.722
201806 342.000 105.922 535.585
201809 327.000 106.588 508.894
201812 297.000 106.440 462.849
201903 277.000 108.068 425.176
201906 401.000 109.475 607.600
201909 505.000 109.623 764.149
201912 392.000 110.659 587.606
202003 -16.000 112.287 -23.636
202006 302.000 112.583 444.958
202009 439.000 113.398 642.166
202012 278.000 113.694 405.597
202103 364.000 116.358 518.908
202106 474.000 118.579 663.067
202109 467.000 119.541 648.017
202112 432.000 122.058 587.090
202203 -122.374 126.351 -160.656
202206 282.504 132.420 353.880
202209 701.000 143.597 809.763
202212 427.000 152.036 465.875
202303 725.272 158.105 760.924
202306 1,431.030 158.993 1,492.988
202309 1,050.000 161.140 1,080.868
202312 494.000 160.400 510.869
202403 897.341 163.879 908.284
202406 1,009.470 164.841 1,015.816
202409 1,206.130 165.877 1,206.130

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


OTP Bank  (LTS:0M69) 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.

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

Shiller PE Ratio=Share Price/E10
=12590.00/1369.34
=9.19

* 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 OTP Bank was 22.80. The lowest was 7.19. And the median was 10.50.


Be Aware

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


OTP Bank E10 Related Terms

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


OTP Bank Business Description

Traded in Other Exchanges
Address
16, Nador Street, Budapest, HUN, 1051
OTP Bank PLC provides universal financial services through several subsidiaries. It performs banking operations via its bank in Hungary. The Group's operating segments are as follows: OTP Core Hungary, Russia, Ukraine, Bulgaria, Romania, Serbia, Croatia, Montenegro, Albania, Moldova, Slovenia, Merkantil Group, Asset Management subsidiaries, other subsidiaries, Corporate Centre. The Bank provides comprehensive banking & other financial services to both retail & corporate customers: its activities include deposit collection from customers, raising money from the money & capital markets; It also offers mortgage loans, consumer credits, working capital & investment loans to companies, and municipalities. A majority of the bank's net revenue is net interest income.

OTP Bank Headlines

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