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Jyske Bank AS (OCSE:JYSK) E10 : kr45.30 (As of Sep. 2024)


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What is Jyske Bank AS 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.

Jyske Bank AS's adjusted earnings per share data for the three months ended in Sep. 2024 was kr21.700. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is kr45.30 for the trailing ten years ended in Sep. 2024.

During the past 12 months, Jyske Bank AS's average E10 Growth Rate was 10.10% per year. During the past 3 years, the average E10 Growth Rate was 19.30% per year. During the past 5 years, the average E10 Growth Rate was 13.90% 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 Jyske Bank AS was 19.30% per year. The lowest was -8.20% per year. And the median was 11.80% per year.

As of today (2024-12-14), Jyske Bank AS's current stock price is kr509.50. Jyske Bank AS's E10 for the quarter that ended in Sep. 2024 was kr45.30. Jyske Bank AS's Shiller PE Ratio of today is 11.25.

During the past 13 years, the highest Shiller PE Ratio of Jyske Bank AS was 15.98. The lowest was 6.58. And the median was 11.51.


Jyske Bank AS E10 Historical Data

The historical data trend for Jyske Bank AS'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.

Jyske Bank AS E10 Chart

Jyske Bank AS 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 24.62 25.23 29.46 36.67 42.86

Jyske Bank AS 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 41.14 42.86 44.82 43.67 45.30

Competitive Comparison of Jyske Bank AS's E10

For the Banks - Regional subindustry, Jyske Bank AS'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.


Jyske Bank AS's Shiller PE Ratio Distribution in the Banks Industry

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

* The bar in red indicates where Jyske Bank AS's Shiller PE Ratio falls into.



Jyske Bank AS 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, Jyske Bank AS'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)
=21.7/118.9000*118.9000
=21.700

Current CPI (Sep. 2024) = 118.9000.

Jyske Bank AS Quarterly Data

per share eps CPI Adj_EPS
201412 -3.520 99.400 -4.211
201503 4.140 100.200 4.913
201506 10.480 100.300 12.423
201509 2.630 100.200 3.121
201512 8.810 99.800 10.496
201603 4.060 100.200 4.818
201606 8.690 100.600 10.271
201609 7.810 100.200 9.268
201612 12.970 100.300 15.375
201703 10.730 101.200 12.607
201706 7.010 101.200 8.236
201709 8.330 101.800 9.729
201712 8.480 101.300 9.953
201803 6.790 101.700 7.938
201806 9.180 102.300 10.670
201809 6.540 102.400 7.594
201812 5.480 102.100 6.382
201903 7.090 102.900 8.192
201906 5.710 102.900 6.598
201909 4.170 102.900 4.818
201912 11.960 102.900 13.820
202003 -11.090 103.300 -12.765
202006 11.290 103.200 13.008
202009 9.010 103.500 10.351
202012 10.830 103.400 12.453
202103 11.640 104.300 13.269
202106 10.590 105.000 11.992
202109 9.290 105.800 10.440
202112 10.860 106.600 12.113
202203 12.140 109.900 13.134
202206 12.420 113.600 12.999
202209 7.250 116.400 7.406
202212 23.480 115.900 24.088
202303 19.450 117.300 19.715
202306 18.040 116.400 18.427
202309 24.560 117.400 24.874
202312 27.310 116.700 27.825
202403 19.050 118.400 19.130
202406 19.790 118.500 19.857
202409 21.700 118.900 21.700

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


Jyske Bank AS  (OCSE:JYSK) 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.

Jyske Bank AS's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=509.50/45.3
=11.25

* 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 Jyske Bank AS was 15.98. The lowest was 6.58. And the median was 11.51.


Be Aware

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


Jyske Bank AS E10 Related Terms

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


Jyske Bank AS Business Description

Traded in Other Exchanges
Address
Vestergade 8-16, Silkeborg, DNK, 8600
Jyske Bank AS is engaged in banking activities. Its subsidiaries provide other financial or accessory services. The company conducts mortgage-credit activities through Jyske Realkredit. The group's primary focus is Danish small and midsize enterprise and retail clients. Through its retail and commercial banking activities, Jyske offers a full range of financial services. Its segment consists of Banking Activities, Mortgage Activities, and Leasing Activities. The company operates in Denmark and Germany, where it earns the majority of its revenue from Denmark.

Jyske Bank AS Headlines

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