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NRIM (Northrim BanCorp) E10 : $4.60 (As of Dec. 2024)


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What is Northrim BanCorp 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.

Northrim BanCorp's adjusted earnings per share data for the three months ended in Dec. 2024 was $1.950. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $4.60 for the trailing ten years ended in Dec. 2024.

During the past 12 months, Northrim BanCorp's average E10 Growth Rate was 10.80% per year. During the past 3 years, the average E10 Growth Rate was 11.40% per year. During the past 5 years, the average E10 Growth Rate was 14.50% per year. During the past 10 years, the average E10 Growth Rate was 10.70% 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 Northrim BanCorp was 29.90% per year. The lowest was 2.20% per year. And the median was 9.00% per year.

As of today (2025-03-14), Northrim BanCorp's current stock price is $73.36. Northrim BanCorp's E10 for the quarter that ended in Dec. 2024 was $4.60. Northrim BanCorp's Shiller PE Ratio of today is 15.95.

During the past 13 years, the highest Shiller PE Ratio of Northrim BanCorp was 21.93. The lowest was 8.51. And the median was 14.16.


Northrim BanCorp E10 Historical Data

The historical data trend for Northrim BanCorp'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.

Northrim BanCorp E10 Chart

Northrim BanCorp 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 2.73 3.33 3.82 4.15 4.60

Northrim BanCorp Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 4.15 4.32 4.43 4.53 4.60

Competitive Comparison of Northrim BanCorp's E10

For the Banks - Regional subindustry, Northrim BanCorp'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.


Northrim BanCorp's Shiller PE Ratio Distribution in the Banks Industry

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

* The bar in red indicates where Northrim BanCorp's Shiller PE Ratio falls into.



Northrim 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, Northrim BanCorp's adjusted earnings per share data for the three months ended in Dec. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Dec. 2024 (Change)*Current CPI (Dec. 2024)
=1.95/133.1571*133.1571
=1.950

Current CPI (Dec. 2024) = 133.1571.

Northrim BanCorp Quarterly Data

per share eps CPI Adj_EPS
201503 0.510 99.621 0.682
201506 0.690 100.684 0.913
201509 0.770 100.392 1.021
201512 0.590 99.792 0.787
201603 0.480 100.470 0.636
201606 0.630 101.688 0.825
201609 0.440 101.861 0.575
201612 0.510 101.863 0.667
201703 0.550 102.862 0.712
201706 0.510 103.349 0.657
201709 0.790 104.136 1.010
201712 0.030 104.011 0.038
201803 0.580 105.290 0.734
201806 0.840 106.317 1.052
201809 0.750 106.507 0.938
201812 0.690 105.998 0.867
201903 0.620 107.251 0.770
201906 0.620 108.070 0.764
201909 1.110 108.329 1.364
201912 0.690 108.420 0.847
202003 0.160 108.902 0.196
202006 1.520 108.767 1.861
202009 1.840 109.815 2.231
202012 1.590 109.897 1.927
202103 1.940 111.754 2.312
202106 1.330 114.631 1.545
202109 1.420 115.734 1.634
202112 1.310 117.630 1.483
202203 1.200 121.301 1.317
202206 0.830 125.017 0.884
202209 1.760 125.227 1.871
202212 1.480 125.222 1.574
202303 0.840 127.348 0.878
202306 0.980 128.729 1.014
202309 1.480 129.860 1.518
202312 1.190 129.419 1.224
202403 1.480 131.776 1.496
202406 1.620 132.554 1.627
202409 1.570 133.029 1.572
202412 1.950 133.157 1.950

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


Northrim BanCorp  (NAS:NRIM) 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.

Northrim BanCorp's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=73.36/4.60
=15.95

* 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 Northrim BanCorp was 21.93. The lowest was 8.51. And the median was 14.16.


Be Aware

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


Northrim BanCorp E10 Related Terms

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


Northrim BanCorp Business Description

Traded in Other Exchanges
Address
3111 C Street, Anchorage, AK, USA, 99503
Northrim BanCorp Inc is a bank holding company. The company operates in two segments: Community Banking and Home Mortgage Lending. It generates maximum revenue from the Community Banking segment. It offers to spend and save products such as checking, savings, money market accounts, debit cards, cashback rewards, and credit cards. It also includes loans and credit lines, mortgage loans, investment, and plan products.
Executives
Linda C Thomas director P.O. BOX 20905, JUNEAU AK 99802
Joseph Marushack director 3111 C STREET, ANCHORAGE AK 99503
David J Mccambridge director 3111 C STREET, ANCHORAGE AK 99503
Murphy Krystal Nelson director 3111 C STREET, ANCHORAGE AK 99503
Marilyn Romano director 3111 C STREET, ANCHORAGE AK 99503
Aaron Michael Schutt director 3111 C STREET, ANCHORAGE AK 99503
David G Wight director 3111 C STREET, ANCHORAGE AK 99503
John C Swalling director NORTHRIM BANCORP INC, PO BOX 241489, ANCHORAGE AK 99524-1489
David W Karp director 4731 BLUE HERON CIRCLE, ANCHORAGE AK 99507
Joseph M Schierhorn officer: EVP, CFO NORTHRIM BANCORP, INC., P.O. BOX 241489, ANCHORAGE AL 99524-1489
Jed W Ballard officer: EVP, CFO 3111 C STREET, ANCHORAGE AK 99503
Larry S Cash director NORTHRIM BANCORPINC, PO BOX 241489, ANCHORAGE AK 99524-1489
Karl L Hanneman director 506 GAFFNEY ROAD, SUITE 200, FAIRBANKS AK 99701
Anthony Drabek director NORTHRIM BANCORP, INC., P.O. BOX 241489, ANCHORAGE AL 99524-1489
Michael A Martin officer: EVP, Gen Counsel & Corp Sec 3111 C STREET, ANCHORAGE AK 99503