National Bank of Greece (MEX:ETEGN) E10: MXN0.63 (As of Mar. 2026)


MEX:ETEGN National Bank of Greece SA MEX:ETEGN
56 GF Score
Price MXN56.00
GF Value MXN29.21
! 8 Warning Signs
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What is National Bank of Greece E10?

National Bank of Greece MEX:ETEGN 56 E10 is MXN0.63 as of Mar. 2026. GuruFocus rates MEX:ETEGN with a GF Score™ of 56/100 and a GF Value™ of MXN29.21. The stock has 8 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.

National Bank of Greece's adjusted earnings per share data for the three months ended in Mar. 2026 was MXN6.254. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is MXN0.63 for the trailing ten years ended in Mar. 2026.

During the past 3 years, the average E10 Growth Rate was -35.30% 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 National Bank of Greece was 84.10% per year. The lowest was -44.60% per year. And the median was -11.00% per year.

As of today (2026-06-26), National Bank of Greece's current stock price is MXN56.00. National Bank of Greece's E10 for the quarter that ended in Mar. 2026 was MXN0.63. National Bank of Greece's Shiller PE Ratio of today is 88.89.

During the past 13 years, the highest Shiller PE Ratio of National Bank of Greece was 117.31. The lowest was 8.10. And the median was 96.08.


National Bank of Greece  (MEX:ETEGN) 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.

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

Shiller PE Ratio=Share Price/E10
=56.00/0.63
=88.89

* 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 National Bank of Greece was 117.31. The lowest was 8.10. And the median was 96.08.


Be Aware

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


National Bank of Greece E10 Related Terms


National Bank of Greece E10 Historical Data

* Premium members only.

The historical data trend for National Bank of Greece'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.

National Bank of Greece E10 Chart

National Bank of Greece 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 -92.32 -80.86 0.56

National Bank of Greece 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 -60.92 -10.91 -0.09 0.56 0.63

MEX:ETEGN vs PNC, USB: E10 Comparison

For the Banks - Regional subindustry, National Bank of Greece'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.


National Bank of Greece Shiller PE Ratio vs Banks Industry

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

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


MEX:ETEGN
56GF Score
National Bank of Greece SA MEX:ETEGN
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

National Bank of Greece 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, National Bank of Greece'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)
=6.254/122.4494*122.4494
=6.254

Current CPI (Mar. 2026) = 122.4494.

National Bank of Greece Quarterly Data

per share eps CPI Adj_EPS
201606 -68.571 100.121 -83.864
201609 0.380 99.878 0.466
201612 -2.283 100.110 -2.792
201703 0.286 100.770 0.348
201706 -4.062 101.138 -4.918
201709 -0.865 100.882 -1.050
201712 -6.740 100.762 -8.191
201803 0.896 100.534 1.091
201806 -0.459 102.121 -0.550
201809 0.437 101.982 0.525
201812 -2.904 101.330 -3.509
201903 0.877 101.482 1.058
201906 4.558 101.837 5.481
201909 3.479 101.906 4.180
201912 -14.459 102.120 -17.337
202003 8.550 101.479 10.317
202006 1.560 100.239 1.906
202009 2.862 99.886 3.509
202012 -11.132 99.751 -13.665
202103 14.844 99.817 18.210
202106 0.480 101.270 0.580
202109 5.080 102.095 6.093
202112 2.534 104.853 2.959
202203 8.552 108.651 9.638
202206 4.253 113.517 4.588
202209 2.987 114.371 3.198
202212 9.934 112.428 10.820
202303 5.404 113.620 5.824
202306 5.572 115.515 5.906
202309 5.391 116.234 5.679
202312 6.377 116.364 6.710
202403 7.035 117.285 7.345
202406 6.705 118.129 6.950
202409 7.649 119.650 7.828
202412 4.167 119.360 4.275
202503 7.299 120.133 7.440
202506 7.384 121.399 7.448
202509 6.459 121.946 6.486
202512 6.418 122.449 6.418
202603 6.254 122.449 6.254

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 MXN0.63 mean?
National Bank of Greece (MEX:ETEGN) has a E10 of MXN0.63 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on National Bank of Greece and its competitors.
Is National Bank of Greece's E10 too high?
National Bank of Greece's current E10 is MXN0.63. Overall, National Bank of Greece has a GF Score™ of 56/100, reflecting its overall financial health beyond just this single metric.
How does National Bank of Greece's E10 compare to PNC and USB?
National Bank of Greece's E10 of MXN0.63 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 National Bank of Greece and its competitors. National Bank of Greece's current E10 is MXN0.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is National Bank of Greece stock overvalued right now?
National Bank of Greece (MEX:ETEGN) has a current E10 of MXN0.63. The stock's GF Value™ is MXN29.21, compared to a current price of MXN56.00 — trading 91.7% above its estimated fair value. The current E10 is MXN0.63. National Bank of Greece's overall GF Score™ is 56/100 with 8 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 National Bank of Greece (MEX:ETEGN), the current E10 is MXN0.63 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 National Bank of Greece (MEX:ETEGN) Overvalued in 2026?

Based on GuruFocus' analysis, National Bank of Greece stock appears to be overvalued. The current stock price of MXN56.00 is trading 91.7% above its estimated GF Value™ of MXN29.21.

Key valuation signals for MEX:ETEGN:

  • E10: MXN0.63
  • GF Value™: MXN29.21 vs. price of MXN56.00 (91.7% above fair value)
  • GF Score™: 56/100 with 8 warning signs

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


National Bank of Greece Business Description

Address 86 Eolou Street, Athens, GRC, 10559
National Bank of Greece SA consists of several subsidiaries offering diverse financial services, including retail, corporate, and investment banking, specialized asset solutions, transactional banking, leasing, factoring, brokerage, asset management, real estate management, and bancassurance-related services. Its segments include Retail Banking, Corporate and Investment Banking, Trouble Assets Units, Global Markets and Asset Management, International Banking Operations, and Other. The group generates maximum revenue from the Retail Banking segment, which, through its branch network and digital business, offers various types of loans (mortgage, consumer, and small business lending), cards (debit, credit, and prepaid cards), deposits, investment, bancassurance, and other products.
56GF Score

Get the complete analysis for MEX:ETEGN

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

MXN56.00
Price
MXN29.21
GF Value