Co-operative Bank of Kenya (NAI:COOP) E10: KES3.66 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
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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.
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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.

NAI:COOP Co-operative Bank of Kenya Ltd NAI:COOP
58 GF Score
Price KES36.90
GF Value KES18.24
Valuation Significantly Overvalued
! 5 Warning Signs
View Full Analysis

What is Co-operative Bank of Kenya E10?

Co-operative Bank of Kenya NAI:COOP +0.54% 58 E10 is KES3.66 as of Mar. 2026. GuruFocus rates NAI:COOP with a GF Score™ of 58/100 and a GF Value™ of KES18.24 (Significantly Overvalued). 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.

Co-operative Bank of Kenya's adjusted earnings per share data for the three months ended in Mar. 2026 was KES1.430. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is KES3.66 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Co-operative Bank of Kenya's average E10 Growth Rate was 12.60% per year. During the past 3 years, the average E10 Growth Rate was 11.90% 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 Co-operative Bank of Kenya was 12.80% per year. The lowest was 11.90% per year. And the median was 12.35% per year.

As of today (2026-08-12), Co-operative Bank of Kenya's current stock price is KES36.90. Co-operative Bank of Kenya's E10 for the quarter that ended in Mar. 2026 was KES3.66. Co-operative Bank of Kenya's Shiller PE Ratio of today is 10.08.

During the past 13 years, the highest Shiller PE Ratio of Co-operative Bank of Kenya was 9.78. The lowest was 3.84. And the median was 5.02.


Co-operative Bank of Kenya  (NAI:COOP) 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.

Co-operative Bank of Kenya's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=36.90/3.66
=10.08

* 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 Co-operative Bank of Kenya was 9.78. The lowest was 3.84. And the median was 5.02.


Be Aware

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


Co-operative Bank of Kenya E10 Related Terms


Co-operative Bank of Kenya E10 Historical Data

* Premium members only.

The historical data trend for Co-operative Bank of Kenya'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.

Co-operative Bank of Kenya E10 Chart

Co-operative Bank of Kenya 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 2.20 2.52 2.81 3.16 3.53

Co-operative Bank of Kenya 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 3.25 3.33 3.42 3.53 3.66

Co-operative Bank of Kenya E10 Competitor Comparison

For the Banks - Regional subindustry, Co-operative Bank of Kenya'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.


Co-operative Bank of Kenya Shiller PE Ratio vs Banks Industry

For the Banks industry and Financial Services sector, Co-operative Bank of Kenya's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Co-operative Bank of Kenya's Shiller PE Ratio falls into.


NAI:COOP
58GF Score
Co-operative Bank of Kenya Ltd NAI:COOP
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Co-operative Bank of Kenya 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, Co-operative Bank of Kenya'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)
=1.43/330.2130*330.2130
=1.430

Current CPI (Mar. 2026) = 330.2130.

Co-operative Bank of Kenya Quarterly Data

per share eps CPI Adj_EPS
201606 0.678 241.018 0.929
201609 0.534 241.428 0.730
201612 0.407 241.432 0.557
201703 0.660 243.801 0.894
201706 0.581 244.955 0.783
201709 0.500 246.819 0.669
201712 0.360 246.524 0.482
201803 0.590 249.554 0.781
201806 0.630 251.989 0.826
201809 0.540 252.439 0.706
201812 0.420 251.233 0.552
201903 0.610 254.202 0.792
201906 0.660 256.143 0.851
201909 0.590 256.759 0.759
201912 0.620 256.974 0.797
202003 0.610 258.115 0.780
202006 0.620 257.797 0.794
202009 0.440 260.280 0.558
202012 0.310 260.474 0.393
202103 0.590 264.877 0.736
202106 0.670 271.696 0.814
202109 0.720 274.310 0.867
202112 0.870 278.802 1.030
202203 0.990 287.504 1.137
202206 0.960 296.311 1.070
202209 0.960 296.808 1.068
202212 0.810 296.797 0.901
202303 1.040 301.836 1.138
202306 1.040 305.109 1.126
202309 1.070 307.789 1.148
202312 0.770 306.746 0.829
202403 1.120 312.332 1.184
202406 1.090 314.175 1.146
202409 1.080 315.301 1.131
202412 1.040 315.605 1.088
202503 1.180 319.799 1.218
202506 1.230 322.561 1.259
202509 1.270 324.800 1.291
202512 1.360 324.054 1.386
202603 1.430 330.213 1.430

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 KES3.66 mean?
Co-operative Bank of Kenya (NAI:COOP) has a E10 of KES3.66 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Co-operative Bank of Kenya and its competitors.
Is Co-operative Bank of Kenya's E10 too high?
Co-operative Bank of Kenya's current E10 is KES3.66. Overall, Co-operative Bank of Kenya has a GF Score™ of 58/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Co-operative Bank of Kenya's E10 compare to competitors?
Co-operative Bank of Kenya's E10 of KES3.66 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 Co-operative Bank of Kenya and its competitors. Co-operative Bank of Kenya's current E10 is KES3.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Co-operative Bank of Kenya stock overvalued right now?
Based on GuruFocus' analysis, Co-operative Bank of Kenya (NAI:COOP) is currently considered Significantly Overvalued. The stock's GF Value™ is KES18.24, compared to a current price of KES36.90 — trading 102.3% above its estimated fair value. The current E10 is KES3.66. Co-operative Bank of Kenya's overall GF Score™ is 58/100 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 Co-operative Bank of Kenya (NAI:COOP), the current E10 is KES3.66 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 Co-operative Bank of Kenya (NAI:COOP) Overvalued in 2026?

Based on GuruFocus' analysis, Co-operative Bank of Kenya stock appears to be overvalued. The current stock price of KES36.90 is trading 102.3% above its estimated GF Value™ of KES18.24. GuruFocus considers Co-operative Bank of Kenya to be Significantly Overvalued.

Key valuation signals for NAI:COOP:

  • E10: KES3.66
  • GF Value™: KES18.24 vs. price of KES36.90 (102.3% above fair value)
  • GF Score™: 58/100 with 5 warning signs

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


Co-operative Bank of Kenya Business Description

Address Haile Selassie Avenue, P.O. Box 48231, Co-operative Bank House, L.R. No. 209/4290 (IR No. 27596), Nairobi, KEN, 00100
Co-operative Bank of Kenya Ltd is engaged in corporate banking, retail banking, investment, and asset management services in Kenya. The Bank is organized into three main operating segments based on products and services as, Retail Banking, which includes loans, deposits, and other transactions and balances with retail customers; Wholesale Banking, which includes loans, deposits, and other transactions and balances with corporate and institutional customers; and Group Functions, which mainly comprises of support departments such as ICT, Finance and shared services among others. It generates the majority of its revenue from Retail Banking. The group's operations are within the two geographical segments of Kenya and South Sudan.
58GF Score

Get the complete analysis for NAI:COOP

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

KES36.90
Price
KES18.24
GF Value