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Deutsche Bank AG E10

: $-0.80 (As of Mar. 2022)
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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.

Deutsche Bank AG's adjusted earnings per share data for the three months ended in Mar. 2022 was $0.606. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $-0.80 for the trailing ten years ended in Mar. 2022.

As of today (2022-05-22), Deutsche Bank AG's current stock price is $9.91. Deutsche Bank AG's E10 for the quarter that ended in Mar. 2022 was $-0.80. Deutsche Bank AG's Shiller PE Ratio of today is .

During the past 13 years, the highest Shiller PE Ratio of Deutsche Bank AG was 87.83. The lowest was 5.09. And the median was 7.57.


Deutsche Bank AG E10 Historical Data

The historical data trend for Deutsche Bank AG'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.

Deutsche Bank AG Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
E10
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.30 1.09 -0.01 -0.34 -0.70

Deutsche Bank AG Quarterly Data
Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22
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 -0.52 -0.65 -0.70 -0.70 -0.80

Competitive Comparison

For the Banks - Regional subindustry, Deutsche Bank AG's E10, along with its competitors' market caps and E10 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.

   

Deutsche Bank AG E10 Distribution

For the Banks industry and Financial Services sector, Deutsche Bank AG's E10 distribution charts can be found below:

* The bar in red indicates where Deutsche Bank AG's E10 falls into.



Deutsche Bank AG 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, Deutsche Bank AG's adjusted earnings per share data for the three months ended in Mar. 2022 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2022 (Change)*Current CPI (Mar. 2022)
=0.606/115.3192*115.3192
=0.606

Current CPI (Mar. 2022) = 115.3192.

Deutsche Bank AG Quarterly Data

per share eps CPI Adj_EPS
201206 0.737 96.744 0.879
201209 0.856 97.584 1.012
201212 -3.027 97.957 -3.564
201303 1.886 98.516 2.208
201306 0.365 98.516 0.427
201309 0.048 98.983 0.056
201312 -1.614 99.356 -1.873
201403 1.210 99.543 1.402
201406 0.255 99.543 0.295
201409 -0.081 99.823 -0.094
201412 0.341 99.543 0.395
201503 0.367 99.717 0.424
201506 0.401 100.417 0.461
201509 -4.357 100.417 -5.004
201512 -1.488 99.717 -1.721
201603 0.149 100.017 0.172
201606 -0.170 100.717 -0.195
201609 0.160 101.017 0.183
201612 -1.271 101.217 -1.448
201703 0.364 101.417 0.414
201706 0.079 102.117 0.089
201709 0.358 102.717 0.402
201712 -1.361 102.617 -1.529
201803 0.074 102.917 0.083
201806 0.035 104.017 0.039
201809 0.117 104.718 0.129
201812 -0.228 104.217 -0.252
201903 0.090 104.217 0.100
201906 -1.876 105.718 -2.046
201909 -0.452 106.018 -0.492
201912 -0.800 105.818 -0.872
202003 -0.011 105.718 -0.012
202006 -0.169 106.618 -0.183
202009 0.153 105.818 0.167
202012 0.097 105.518 0.106
202103 0.560 107.518 0.601
202106 0.241 109.118 0.255
202109 0.165 110.118 0.173
202112 0.136 111.119 0.141
202203 0.606 115.319 0.606

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


Deutsche Bank AG  (NYSE:DB) 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.

During the past 13 years, the highest Shiller P/E Ratio of Deutsche Bank AG was 87.83. The lowest was 5.09. And the median was 7.57.


Be Aware

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


Deutsche Bank AG E10 Related Terms

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


Deutsche Bank AG Business Description

Deutsche Bank AG logo
Industry
Financial Services » Banks NAICS : 522110 SIC : 0
Address
Taunusanlage 12, Frankfurt am Main, HE, DEU, 60325
In July 2019, Deutsche Bank announced another restructuring plan hoping to revitalize revenue, reduce costs, and return to profitability. The largest moving pieces of the new plan is the full exit of global equity sales & trading, the scaling back of its fixed income business, as well as 18,000 FTE reductions until 2022. The remaining core business segments include private banking, corporate banking, asset management, and investment banking.

Deutsche Bank AG Headlines

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