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Royal Bank of Canada (MEX:RY N) E10 : MXN159.96 (As of Apr. 2025)


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What is Royal Bank of Canada 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.

Royal Bank of Canada's adjusted earnings per share data for the three months ended in Apr. 2025 was MXN42.319. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is MXN159.96 for the trailing ten years ended in Apr. 2025.

During the past 12 months, Royal Bank of Canada's average E10 Growth Rate was 6.10% per year. During the past 3 years, the average E10 Growth Rate was 8.50% per year. During the past 5 years, the average E10 Growth Rate was 9.70% per year. During the past 10 years, the average E10 Growth Rate was 9.40% 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.

During the past 13 years, the highest 3-Year average E10 Growth Rate of Royal Bank of Canada was 13.30% per year. The lowest was 6.90% per year. And the median was 9.50% per year.

As of today (2025-06-28), Royal Bank of Canada's current stock price is MXN2490.00. Royal Bank of Canada's E10 for the quarter that ended in Apr. 2025 was MXN159.96. Royal Bank of Canada's Shiller PE Ratio of today is 15.57.

During the past 13 years, the highest Shiller PE Ratio of Royal Bank of Canada was 19.87. The lowest was 11.29. And the median was 16.04.


Royal Bank of Canada E10 Historical Data

The historical data trend for Royal Bank of Canada'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.

Royal Bank of Canada E10 Chart

Royal Bank of Canada Annual Data
Trend Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23 Oct24
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 110.66 134.40 142.44 141.78 154.11

Royal Bank of Canada Quarterly Data
Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25
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 113.53 128.33 154.11 146.16 159.96

Competitive Comparison of Royal Bank of Canada's E10

For the Banks - Diversified subindustry, Royal Bank of Canada'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.


Royal Bank of Canada's Shiller PE Ratio Distribution in the Banks Industry

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

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


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Royal Bank of Canada 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, Royal Bank of Canada's adjusted earnings per share data for the three months ended in Apr. 2025 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Apr. 2025 (Change)*Current CPI (Apr. 2025)
=42.319/129.1809*129.1809
=42.319

Current CPI (Apr. 2025) = 129.1809.

Royal Bank of Canada Quarterly Data

per share eps CPI Adj_EPS
201507 20.727 100.579 26.621
201510 22.003 100.500 28.282
201601 20.252 100.184 26.114
201604 22.262 101.370 28.370
201607 27.023 101.844 34.277
201610 23.397 102.002 29.631
201701 31.136 102.318 39.311
201704 26.068 103.029 32.685
201707 26.036 103.029 32.645
201710 28.526 103.424 35.630
201801 30.114 104.056 37.385
201804 30.372 105.320 37.253
201807 29.739 106.110 36.205
201810 34.267 105.952 41.780
201901 30.799 105.557 37.692
201904 31.236 107.453 37.552
201907 32.174 108.243 38.397
201910 31.693 107.927 37.934
202001 34.637 108.085 41.397
202004 17.069 107.216 20.566
202007 36.228 108.401 43.173
202010 35.895 108.638 42.682
202101 42.341 109.192 50.092
202104 44.555 110.851 51.923
202107 47.041 112.431 54.049
202110 44.130 113.695 50.141
202201 46.434 114.801 52.250
202204 47.721 118.357 52.085
202207 39.511 120.964 42.195
202210 39.873 121.517 42.388
202301 31.232 121.596 33.180
202304 34.684 123.571 36.259
202307 34.548 124.914 35.728
202310 36.469 125.310 37.596
202401 31.990 125.072 33.041
202404 34.193 126.890 34.810
202407 41.903 128.075 42.265
202410 42.372 127.838 42.817
202501 50.752 127.443 51.444
202504 42.319 129.181 42.319

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


Royal Bank of Canada  (MEX:RY N) 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.

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

Shiller PE Ratio=Share Price/E10
=2490.00/159.96
=15.57

* 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 Royal Bank of Canada was 19.87. The lowest was 11.29. And the median was 16.04.


Be Aware

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


Royal Bank of Canada E10 Related Terms

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


Royal Bank of Canada Business Description

Address
1 Place Ville Marie, Corporate Secretary's Department, Montreal, QC, CAN, H3B 3A9
Royal Bank of Canada is one of the two largest banks in Canada, with over CAD 2 trillion in assets. It is a diversified financial services company, offering personal and commercial banking, wealth management, insurance, corporate banking, and capital markets services. The bank is concentrated in Canada and has dominant market shares. RBC also has wealth and capital market businesses in the US, UK, and other countries. RBC is a top 15 investment bank globally.

Royal Bank of Canada Headlines

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