Industrial Bank of Korea (LUX:IBKOR) E10: $1.42 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

LUX:IBKOR Industrial Bank of Korea LUX:IBKOR
67 GF Score
Price $10.20
GF Value $6.22
! 5 Warning Signs
View Full Analysis

What is Industrial Bank of Korea E10?

Industrial Bank of Korea LUX:IBKOR 67 E10 is $1.42 as of Mar. 2026. GuruFocus rates LUX:IBKOR with a GF Score™ of 67/100 and a GF Value™ of $6.22. The stock has 5 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.

Industrial Bank of Korea's adjusted earnings per share data for the three months ended in Mar. 2026 was $0.588. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $1.42 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Industrial Bank of Korea's average E10 Growth Rate was 5.90% per year. During the past 3 years, the average E10 Growth Rate was 7.80% per year. During the past 5 years, the average E10 Growth Rate was 8.20% 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 Industrial Bank of Korea was 9.10% per year. The lowest was 2.30% per year. And the median was 4.80% per year.

As of today (2026-07-13), Industrial Bank of Korea's current stock price is $10.20. Industrial Bank of Korea's E10 for the quarter that ended in Mar. 2026 was $1.42. Industrial Bank of Korea's Shiller PE Ratio of today is 7.18.

During the past 13 years, the highest Shiller PE Ratio of Industrial Bank of Korea was 9.80. The lowest was 3.28. And the median was 5.42.


Industrial Bank of Korea  (LUX:IBKOR) 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.

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

Shiller PE Ratio=Share Price/E10
=10.20/1.42
=7.18

* 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 Industrial Bank of Korea was 9.80. The lowest was 3.28. And the median was 5.42.


Be Aware

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


Industrial Bank of Korea E10 Related Terms


Industrial Bank of Korea E10 Historical Data

* Premium members only.

The historical data trend for Industrial Bank of Korea'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.

Industrial Bank of Korea E10 Chart

Industrial Bank of Korea 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 1.77 1.83 1.99 1.95 1.42

Industrial Bank of Korea 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 2.01 1.58 1.51 1.42 1.42

Industrial Bank of Korea E10 Competitor Comparison

For the Banks - Regional subindustry, Industrial Bank of Korea'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.


Industrial Bank of Korea Shiller PE Ratio vs Banks Industry

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

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


LUX:IBKOR
67GF Score
Industrial Bank of Korea LUX:IBKOR
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Industrial Bank of Korea 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, Industrial Bank of Korea'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)
=0.588/125.2360*125.2360
=0.588

Current CPI (Mar. 2026) = 125.2360.

Industrial Bank of Korea Quarterly Data

per share eps CPI Adj_EPS
201606 0.350 100.791 0.435
201609 0.360 101.461 0.444
201612 0.248 101.561 0.306
201703 0.569 102.851 0.693
201706 0.459 102.611 0.560
201709 0.579 103.491 0.701
201712 0.332 102.991 0.404
201803 0.696 104.101 0.837
201806 0.554 104.130 0.666
201809 0.675 105.651 0.800
201812 0.378 104.351 0.454
201903 0.707 104.491 0.847
201906 0.508 104.881 0.607
201909 0.441 105.200 0.525
201912 0.274 105.121 0.326
202003 0.576 105.354 0.685
202006 0.326 105.112 0.388
202009 0.347 106.198 0.409
202012 0.458 105.765 0.542
202103 0.627 107.357 0.731
202106 0.657 107.579 0.765
202109 0.616 108.759 0.709
202112 0.598 109.676 0.683
202203 0.625 111.848 0.700
202206 0.482 114.072 0.529
202209 0.654 114.715 0.714
202212 0.686 115.179 0.746
202303 0.658 116.507 0.707
202306 0.606 117.182 0.648
202309 0.650 118.964 0.684
202312 0.498 118.837 0.525
202403 0.698 120.123 0.728
202406 0.515 120.007 0.537
202409 0.715 120.861 0.741
202412 0.358 121.135 0.370
202503 0.659 122.590 0.673
202506 0.597 122.611 0.610
202509 0.633 123.402 0.642
202512 0.358 123.939 0.362
202603 0.588 125.236 0.588

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 $1.42 mean?
Industrial Bank of Korea (LUX:IBKOR) has a E10 of $1.42 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Industrial Bank of Korea and its competitors.
Is Industrial Bank of Korea's E10 too high?
Industrial Bank of Korea's current E10 is $1.42. Overall, Industrial Bank of Korea has a GF Score™ of 67/100, reflecting its overall financial health beyond just this single metric.
How does Industrial Bank of Korea's E10 compare to competitors?
Industrial Bank of Korea's E10 of $1.42 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 Industrial Bank of Korea and its competitors. Industrial Bank of Korea's current E10 is $1.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Industrial Bank of Korea stock overvalued right now?
Industrial Bank of Korea (LUX:IBKOR) has a current E10 of $1.42. The stock's GF Value™ is $6.22, compared to a current price of $10.20 — trading 64% above its estimated fair value. The current E10 is $1.42. Industrial Bank of Korea's overall GF Score™ is 67/100 with 5 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 Industrial Bank of Korea (LUX:IBKOR), the current E10 is $1.42 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 Industrial Bank of Korea (LUX:IBKOR) Overvalued in 2026?

Based on GuruFocus' analysis, Industrial Bank of Korea stock appears to be overvalued. The current stock price of $10.20 is trading 64% above its estimated GF Value™ of $6.22.

Key valuation signals for LUX:IBKOR:

  • E10: $1.42
  • GF Value™: $6.22 vs. price of $10.20 (64% above fair value)
  • GF Score™: 67/100 with 5 warning signs

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


Industrial Bank of Korea Business Description

Other Exchanges 024110:Korea
Address 79 Euljiro, Jung-gu, Seoul, KOR
Industrial Bank of Korea is a financial institution domiciled in Korea. It offers financial services such as foreign exchange, remittances, and digital banking. Its products include deposit accounts, debit cards, and remittance options for foreign customers. The bank provides personal banking and wealth services for individuals, and loans, overdrafts, and credit facilities for businesses. It operates through a broad branch network and mobile-banking platforms. The company principally earns revenue from interest income.
67GF Score

Get the complete analysis for LUX:IBKOR

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

$10.20
Price
$6.22
GF Value