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Valley National Bancorp E10

: $0.74 (As of Jun. 2020)
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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.

Valley National Bancorp's adjusted earnings per share data for the three months ended in Jun. 2020 was $0.230. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $0.74 for the trailing ten years ended in Jun. 2020.

As of today (2020-10-31), Valley National Bancorp's current stock price is $7.64. Valley National Bancorp's E10 for the quarter that ended in Jun. 2020 was $0.74. Valley National Bancorp's Shiller PE Ratio of today is 10.32.

During the past 13 years, the highest Shiller PE Ratio of Valley National Bancorp was 20.09. The lowest was 8.62. And the median was 12.20.


Valley National Bancorp E10 Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

Valley National Bancorp Annual Data
Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19
E10 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.76 0.72 0.67 0.69 0.73

Valley National Bancorp Quarterly Data
Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20
E10 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 Premium Member Only Premium Member Only Premium Member Only 0.74 0.73 0.73 0.74 0.00

Competitive Comparison
* 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.


Valley National Bancorp E10 Distribution

* The bar in red indicates where Valley National Bancorp's E10 falls into.



Valley National Bancorp 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, Valley National Bancorp's adjusted earnings per share data for the three months ended in Jun. 2020 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Jun. 2020 (Change)*Current CPI (Jun. 2020)
=0.23/109.3175*109.3175
=0.230

Current CPI (Jun. 2020) = 109.3175.

Valley National Bancorp Quarterly Data

per share eps CPI Adj_EPS
201009 0.181 92.277 0.214
201012 0.206 92.914 0.243
201103 0.200 94.890 0.230
201106 0.210 95.319 0.241
201109 0.200 95.529 0.229
201112 0.130 95.632 0.149
201203 0.180 97.075 0.203
201206 0.170 96.661 0.192
201209 0.200 97.595 0.224
201212 0.190 97.158 0.214
201303 0.160 98.107 0.178
201306 0.170 98.557 0.189
201309 0.140 98.536 0.155
201312 0.200 98.692 0.222
201403 0.170 100.023 0.186
201406 0.150 100.520 0.163
201409 0.140 100.176 0.153
201412 0.110 98.604 0.122
201503 0.130 99.824 0.142
201506 0.140 100.691 0.152
201509 0.150 100.346 0.163
201512 0.010 99.957 0.011
201603 0.140 100.947 0.152
201606 0.150 101.524 0.162
201609 0.160 101.988 0.171
201612 0.190 102.456 0.203
201703 0.170 103.167 0.180
201706 0.180 103.278 0.191
201709 0.140 104.070 0.147
201712 0.090 104.578 0.094
201803 0.120 105.708 0.124
201806 0.210 106.324 0.216
201809 0.200 106.695 0.205
201812 0.220 106.200 0.226
201903 0.330 107.818 0.335
201906 0.220 108.250 0.222
201909 0.240 108.577 0.242
201912 0.100 108.841 0.100
202003 0.210 108.173 0.212
202006 0.230 109.318 0.230

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


Valley National Bancorp  (NAS:VLY) 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.

Valley National Bancorp's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=7.64/0.74
=10.32

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

During the past 13 years, the highest Shiller P/E Ratio of Valley National Bancorp was 20.09. The lowest was 8.62. And the median was 12.20.


Be Aware

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


Valley National Bancorp E10 Related Terms


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