GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » CVB Financial Corp (NAS:CVBF) » Definitions » E10

CVBF (CVB Financial) E10 : $1.57 (As of Mar. 2025)


View and export this data going back to 1983. Start your Free Trial

What is CVB Financial 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.

CVB Financial's adjusted earnings per share data for the three months ended in Mar. 2025 was $0.360. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $1.57 for the trailing ten years ended in Mar. 2025.

During the past 12 months, CVB Financial's average E10 Growth Rate was 4.00% per year. During the past 3 years, the average E10 Growth Rate was 7.50% per year. During the past 5 years, the average E10 Growth Rate was 9.20% per year. During the past 10 years, the average E10 Growth Rate was 7.40% 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 CVB Financial was 17.60% per year. The lowest was 0.80% per year. And the median was 9.50% per year.

As of today (2025-07-02), CVB Financial's current stock price is $20.73. CVB Financial's E10 for the quarter that ended in Mar. 2025 was $1.57. CVB Financial's Shiller PE Ratio of today is 13.20.

During the past 13 years, the highest Shiller PE Ratio of CVB Financial was 28.31. The lowest was 7.78. And the median was 19.38.


CVB Financial E10 Historical Data

The historical data trend for CVB Financial'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.

CVB Financial E10 Chart

CVB Financial Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.10 1.24 1.39 1.48 1.54

CVB Financial Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 1.51 1.52 1.53 1.54 1.57

Competitive Comparison of CVB Financial's E10

For the Banks - Regional subindustry, CVB Financial'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.


CVB Financial's Shiller PE Ratio Distribution in the Banks Industry

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

* The bar in red indicates where CVB Financial's Shiller PE Ratio falls into.


;
;

CVB Financial 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, CVB Financial's adjusted earnings per share data for the three months ended in Mar. 2025 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=0.36/134.9266*134.9266
=0.360

Current CPI (Mar. 2025) = 134.9266.

CVB Financial Quarterly Data

per share eps CPI Adj_EPS
201506 0.250 100.684 0.335
201509 0.260 100.392 0.349
201512 0.270 99.792 0.365
201603 0.220 100.470 0.295
201606 0.230 101.688 0.305
201609 0.230 101.861 0.305
201612 0.250 101.863 0.331
201703 0.260 102.862 0.341
201706 0.260 103.349 0.339
201709 0.270 104.136 0.350
201712 0.160 104.011 0.208
201803 0.320 105.290 0.410
201806 0.320 106.317 0.406
201809 0.300 106.507 0.380
201812 0.310 105.998 0.395
201903 0.370 107.251 0.465
201906 0.390 108.070 0.487
201909 0.360 108.329 0.448
201912 0.370 108.420 0.460
202003 0.270 108.902 0.335
202006 0.310 108.767 0.385
202009 0.350 109.815 0.430
202012 0.370 109.897 0.454
202103 0.470 111.754 0.567
202106 0.380 114.631 0.447
202109 0.370 115.734 0.431
202112 0.350 117.630 0.401
202203 0.310 121.301 0.345
202206 0.420 125.017 0.453
202209 0.460 125.227 0.496
202212 0.470 125.222 0.506
202303 0.420 127.348 0.445
202306 0.400 128.729 0.419
202309 0.420 129.860 0.436
202312 0.350 129.419 0.365
202403 0.350 131.776 0.358
202406 0.360 132.554 0.366
202409 0.370 133.029 0.375
202412 0.360 133.157 0.365
202503 0.360 134.927 0.360

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


CVB Financial  (NAS:CVBF) 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.

CVB Financial's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=20.73/1.57
=13.20

* 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 CVB Financial was 28.31. The lowest was 7.78. And the median was 19.38.


Be Aware

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


CVB Financial E10 Related Terms

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


CVB Financial Business Description

Traded in Other Exchanges
N/A
Address
701 N. Haven Avenue, Suite 350, Ontario, CA, USA, 91764
CVB Financial Corp is the holding company for Citizens Business Bank. Citizens Business Bank offers banking, lending, and investing services. It provides a full complement of lending products, including commercial, agribusiness, consumer, SBA, real estate, and construction loans, as well as equipment and vehicle leasing. Commercial products include lines of credit and other working capital financing, accounts receivable lending and letters of credit.
Executives
Del Guercio Stephen A director 701 N HAVEN AVE, ONTARIO CA 91764
Kimberly H. Sheehy director C/O SWITCH, INC., 7135 SOUTH DECATUR BOULEVARD, LAS VEGAS NV 89118
Borba George A Jr director 701 N HAVEN AVE, ONTARIO CA 91764
David F Farnsworth officer: EVP & CCO 701 N. HAVEN AVE., ONTARIO CA 91764
David A. Brager officer: EVP Sales Division Manager 701 N. HAVEN AVE. #350, ONTARIO CA 91764
E Allen Nicholson officer: EVP & CFO 701 N. HAVEN AVE., ONTARIO CA 91764
Richard H Wohl officer: EVP & General Counsel 888 EAST WALNUT ST., PASADENA CA 91101
Yamynn Deangelis officer: EVP Chief Risk Officer 701 N. HAVEN AVE., ONTARIO CA 91764
Anna Kan director 701 N. HAVEN AVE., ONTARIO CA 91764
Jane Olvera director 701 N HAVEN AVE, ONTARIO CA 91764
O Brien Raymond V Iii director 701 N HAVEN AVENUE, ONTARIO CA 91764
Hal W Oswalt director 701 N HAVEN AVE, ONTARIO CA 91764
David C Harvey officer: EVP Chief Operations Officer 701 N. HAVEN AVENUE #350, ONTARIO CA 91764
Kristina M Leslie director DREAMWORKS ANIMATION SKG, INC., 1000 FLOWER STREET, GLENDALE CA 91201
Francene Lapoint officer: SVP Chief Accounting Officer 1551 NORTH TUSTIN AVENUE, SUITE 300, SANTA ANA CA 92705