GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » OFG Bancorp (NYSE:OFG) » Definitions » E10

OFG Bancorp (OFG Bancorp) E10 : $1.89 (As of Dec. 2023)


View and export this data going back to 1987. Start your Free Trial

What is OFG 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.

OFG Bancorp's adjusted earnings per share data for the three months ended in Dec. 2023 was $0.980. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $1.89 for the trailing ten years ended in Dec. 2023.

During the past 12 months, OFG Bancorp's average E10 Growth Rate was 12.50% per year. During the past 3 years, the average E10 Growth Rate was 22.40% per year. During the past 5 years, the average E10 Growth Rate was 20.20% per year. During the past 10 years, the average E10 Growth Rate was 5.80% 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 OFG Bancorp was 36.00% per year. The lowest was -12.90% per year. And the median was 10.20% per year.

As of today (2024-04-30), OFG Bancorp's current stock price is $36.18. OFG Bancorp's E10 for the quarter that ended in Dec. 2023 was $1.89. OFG Bancorp's Shiller PE Ratio of today is 19.14.

During the past 13 years, the highest Shiller PE Ratio of OFG Bancorp was 49.06. The lowest was 6.34. And the median was 16.05.


OFG Bancorp E10 Historical Data

The historical data trend for OFG 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.

OFG Bancorp E10 Chart

OFG Bancorp 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 0.85 1.03 1.30 1.68 1.89

OFG Bancorp Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 1.76 1.78 1.85 1.89 -

Competitive Comparison of OFG Bancorp's E10

For the Banks - Regional subindustry, OFG 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.


OFG Bancorp's Shiller PE Ratio Distribution in the Banks Industry

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

* The bar in red indicates where OFG Bancorp's Shiller PE Ratio falls into.



OFG 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, OFG Bancorp's adjusted earnings per share data for the three months ended in Dec. 2023 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=0.98/129.4194*129.4194
=0.980

Current CPI (Dec. 2023) = 129.4194.

OFG Bancorp Quarterly Data

per share eps CPI Adj_EPS
201403 0.420 99.695 0.545
201406 0.380 100.560 0.489
201409 0.340 100.428 0.438
201412 0.360 99.070 0.470
201503 -0.140 99.621 -0.182
201506 -0.150 100.684 -0.193
201509 0.030 100.392 0.039
201512 -0.100 99.792 -0.130
201603 0.240 100.470 0.309
201606 0.250 101.688 0.318
201609 0.260 101.861 0.330
201612 0.270 101.863 0.343
201703 0.260 102.862 0.327
201706 0.300 103.349 0.376
201709 -0.003 104.136 -0.004
201712 0.300 104.011 0.373
201803 0.300 105.290 0.369
201806 0.350 106.317 0.426
201809 0.420 106.507 0.510
201812 0.450 105.998 0.549
201903 0.420 107.251 0.507
201906 0.430 108.070 0.515
201909 0.110 108.329 0.131
201912 -0.040 108.420 -0.048
202003 0.003 108.902 0.004
202006 0.390 108.767 0.464
202009 0.500 109.815 0.589
202012 0.420 109.897 0.495
202103 0.560 111.754 0.649
202106 0.780 114.631 0.881
202109 0.810 115.734 0.906
202112 0.660 117.630 0.726
202203 0.760 121.301 0.811
202206 0.840 125.017 0.870
202209 0.870 125.227 0.899
202212 0.970 125.222 1.003
202303 0.960 127.348 0.976
202306 0.930 128.729 0.935
202309 0.950 129.860 0.947
202312 0.980 129.419 0.980

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


OFG Bancorp  (NYSE:OFG) 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.

OFG Bancorp's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=36.18/1.89
=19.14

* 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 OFG Bancorp was 49.06. The lowest was 6.34. And the median was 16.05.


Be Aware

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


OFG Bancorp E10 Related Terms

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


OFG Bancorp (OFG Bancorp) Business Description

Traded in Other Exchanges
Address
254 Munoz Rivera Avenue, San Juan, PRI, 00918
OFG Bancorp is a financial holding company, through its subsidiaries provides banking and financial services. It operates through three segments namely Banking, Wealth Management, and Treasury. It serves to clients such as commercial, consumer, auto, and mortgage lending, checking and savings accounts, financial planning, insurance, financial services, and investment brokerage, and corporate and individual trust and retirement services. It provides services in the region of Puerto Rico.
Executives
Ganesh Kumar officer: CFO & EVP P.O. BOX 195115, SAN JUAN PR 00919-5115
Jesus Nestor De director P.O. BOX 195115, SAN JUAN PR 00919-5115
Cesar A Ortiz officer: SVP & Chief Risk Officer PO BOX 195115, SAN JUAN PR 00919
Maritza Arizmendi officer: EVP & CFO PO BOX 195115, SAN JUAN PR 00919-5115
Julian Inclan director, DIRECTOR P.O. BOX 195115, SAN JUAN PR 00919-5115
Patrick J. Haggarty officer: Managing Director Comm. Bankin P.O.BOX 195115, SAN JUAN PR 00919-5115
Jose Rafael Fernandez officer: Senior Executive VP PO BOX 195115, SAN JUAN PR 00919-5115
Jorge Colon director PO BOX 195115, SAN JUAN PR 00919-5115
Angel E. Vazquez director P.O. BOX 195115, SAN JUAN PR 00919-5115
Edwin Perez director P.O. BOX 195115, SAN JUAN PR 00919-5115
Ada Garcia officer: Managing Dir Customer Intelli P.O. BOX 195115, SAN JUAN PR 00919-5115
Hugh Gonzalez officer: General Counsel P.O. BOX 195115, SAN JUAN PR 00919-5115
Annette Franqui director 811 MAIN STREET, SUITE 3000, HOUSTON TX 77002
Rafael A Velez-dominguez director P.O. BOX 195115, SAN JUAN PR 00919-5115
Sue Harnett director P.O. BOX 195115, SAN JUAN PR 00919-5115

OFG Bancorp (OFG Bancorp) Headlines

From GuruFocus

OFG Bancorp Declares Regular Quarterly Common Stock Cash Dividend

By Business Wire Business Wire 04-26-2023

OFG Bancorp Reports 1Q23 Results

By Business Wire Business Wire 04-20-2023

OFG Bancorp Reports 2Q22 Results

By Business Wire Business Wire 07-21-2022

OFG Bancorp Reports 2Q23 Results

By Business Wire 07-20-2023

OFG Bancorp Reports 3Q23 Results

By Business Wire 10-20-2023

OFG Bancorp Announces New Share Repurchase Program of $100 Million

By Business Wire Business Wire 01-26-2022

OFG Bancorp Declares Regular Quarterly Common Stock Cash Dividend

By Business Wire Business Wire 10-28-2022