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Sterling Financial Holdings Co (NSA:STERLINGNG) E10 : ₦0.51 (As of Sep. 2024)


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What is Sterling Financial Holdings Co 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.

Sterling Financial Holdings Co's adjusted earnings per share data for the three months ended in Sep. 2024 was ₦0.388. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₦0.51 for the trailing ten years ended in Sep. 2024.

During the past 12 months, Sterling Financial Holdings Co's average E10 Growth Rate was 4.10% 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 (2025-03-05), Sterling Financial Holdings Co's current stock price is ₦5.20. Sterling Financial Holdings Co's E10 for the quarter that ended in Sep. 2024 was ₦0.51. Sterling Financial Holdings Co's Shiller PE Ratio of today is 10.20.

During the past 13 years, the highest Shiller PE Ratio of Sterling Financial Holdings Co was 15.11. The lowest was 2.18. And the median was 8.35.


Sterling Financial Holdings Co E10 Historical Data

The historical data trend for Sterling Financial Holdings Co'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.

Sterling Financial Holdings Co E10 Chart

Sterling Financial Holdings Co 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 - - - 0.64 0.46

Sterling Financial Holdings Co 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 0.49 0.46 0.47 0.48 0.51

Competitive Comparison of Sterling Financial Holdings Co's E10

For the Banks - Regional subindustry, Sterling Financial Holdings Co'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.


Sterling Financial Holdings Co's Shiller PE Ratio Distribution in the Banks Industry

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

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



Sterling Financial Holdings Co 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, Sterling Financial Holdings Co'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)
=0.388/133.0289*133.0289
=0.388

Current CPI (Sep. 2024) = 133.0289.

Sterling Financial Holdings Co Quarterly Data

per share eps CPI Adj_EPS
201409 0.100 100.428 0.132
201412 0.090 99.070 0.121
201503 0.140 99.621 0.187
201506 0.052 100.684 0.069
201509 0.074 100.392 0.098
201512 -0.256 99.792 -0.341
201606 0.051 101.688 0.067
201609 0.053 101.861 0.069
201612 -0.010 101.863 -0.013
201703 0.070 102.862 0.091
201706 0.067 103.349 0.086
201709 0.073 104.136 0.093
201712 0.070 104.011 0.090
201803 0.110 105.290 0.139
201806 0.108 106.317 0.135
201809 0.069 106.507 0.086
201812 0.030 105.998 0.038
201903 0.110 107.251 0.136
201906 0.084 108.070 0.103
201909 0.066 108.329 0.081
201912 0.110 108.420 0.135
202003 0.070 108.902 0.086
202006 0.116 108.767 0.142
202009 0.068 109.815 0.082
202012 0.130 109.897 0.157
202103 0.080 111.754 0.095
202106 0.114 114.631 0.132
202109 0.131 115.734 0.151
202112 0.190 117.630 0.215
202203 0.120 121.301 0.132
202206 0.155 125.017 0.165
202209 0.187 125.227 0.199
202212 0.200 125.222 0.212
202303 0.140 127.348 0.146
202306 0.230 128.729 0.238
202309 0.202 129.860 0.207
202312 0.178 129.419 0.183
202403 0.259 131.776 0.261
202406 0.303 132.554 0.304
202409 0.388 133.029 0.388

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


Sterling Financial Holdings Co  (NSA:STERLINGNG) 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.

Sterling Financial Holdings Co's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=5.20/0.51
=10.20

* 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 Sterling Financial Holdings Co was 15.11. The lowest was 2.18. And the median was 8.35.


Be Aware

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


Sterling Financial Holdings Co E10 Related Terms

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


Sterling Financial Holdings Co Business Description

Traded in Other Exchanges
N/A
Address
Sterling Towers, 20 Marina, Lagos Island, Lagos, NGA, 017003270
Sterling Financial Holdings Co PLC operates as a commercial bank with an emphasis on retail and consumer banking, trade services, corporate, investment, and non-interest banking activities. Its principal activity is to carry on business as a nonoperating financial holding company investing in companies. It also provides wholesale banking services including the granting of loans and advances, letter of credit transactions, money market operations, electronic and mobile banking products and other banking activities.

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