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Access Hldgs (NSA:ACCESSCORP) E10 : ₦6.25 (As of Sep. 2024)


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What is Access Hldgs 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.

Access Hldgs's adjusted earnings per share data for the three months ended in Sep. 2024 was ₦5.230. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₦6.25 for the trailing ten years ended in Sep. 2024.

During the past 12 months, Access Hldgs's average E10 Growth Rate was 54.70% 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.

As of today (2025-04-17), Access Hldgs's current stock price is ₦21.50. Access Hldgs's E10 for the quarter that ended in Sep. 2024 was ₦6.25. Access Hldgs's Shiller PE Ratio of today is 3.44.

During the past 13 years, the highest Shiller PE Ratio of Access Hldgs was 6.05. The lowest was 2.28. And the median was 3.29.


Access Hldgs E10 Historical Data

The historical data trend for Access Hldgs'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.

Access Hldgs E10 Chart

Access Hldgs Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 2.94 3.34 4.96

Access Hldgs Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 4.04 4.96 5.46 5.78 6.25

Competitive Comparison of Access Hldgs's E10

For the Banks - Regional subindustry, Access Hldgs'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.


Access Hldgs's Shiller PE Ratio Distribution in the Banks Industry

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

* The bar in red indicates where Access Hldgs's Shiller PE Ratio falls into.


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Access Hldgs 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, Access Hldgs's adjusted earnings per share data for the three months ended in Sep. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Sep. 2024 (Change)*Current CPI (Sep. 2024)
=5.23/133.0289*133.0289
=5.230

Current CPI (Sep. 2024) = 133.0289.

Access Hldgs Quarterly Data

per share eps CPI Adj_EPS
201412 0.327 99.070 0.439
201503 0.680 99.621 0.908
201506 0.670 100.684 0.885
201509 0.650 100.392 0.861
201512 0.610 99.792 0.813
201603 0.670 100.470 0.887
201606 0.480 101.688 0.628
201609 0.700 101.861 0.914
201612 0.610 101.863 0.797
201703 0.770 102.862 0.996
201706 0.590 103.349 0.759
201709 1.100 104.136 1.405
201712 0.140 104.011 0.179
201803 0.750 105.290 0.948
201806 0.600 106.317 0.751
201809 0.790 106.507 0.987
201812 1.110 105.998 1.393
201903 1.370 107.251 1.699
201906 0.500 108.070 0.615
201909 0.800 108.329 0.982
201912 0.080 108.420 0.098
202003 1.190 108.902 1.454
202006 0.510 108.767 0.624
202009 1.140 109.815 1.381
202012 0.110 109.897 0.133
202103 1.460 111.754 1.738
202106 0.960 114.631 1.114
202109 0.950 115.734 1.092
202112 1.080 117.630 1.221
202203 1.600 121.301 1.755
202206 0.910 125.017 0.968
202209 1.300 125.227 1.381
202212 0.470 125.222 0.499
202303 1.980 127.348 2.068
202306 2.020 128.729 2.087
202309 3.300 129.860 3.381
202312 9.850 129.419 10.125
202403 4.710 131.776 4.755
202406 3.500 132.554 3.513
202409 5.230 133.029 5.230

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


Access Hldgs  (NSA:ACCESSCORP) 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.

Access Hldgs's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=21.50/6.25
=3.44

* 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 Access Hldgs was 6.05. The lowest was 2.28. And the median was 3.29.


Be Aware

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


Access Hldgs E10 Related Terms

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


Access Hldgs Business Description

Traded in Other Exchanges
N/A
Address
Prince Alaba Oniru Street, Plot 14/15, Oniru Estate, Oniru Estate, Victoria Island, Lagos, NGA
Access Hldgs PLC is a multinational financial services company that offers commercial banking, lending, payment, insurance, and asset management services. The Company's business segments include banking, consumer lending, payment services, insurance brokerage and pension funds administration.

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