GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Pareto Bank ASA (OSL:PARB) » Definitions » E10

Pareto Bank ASA (OSL:PARB) E10 : kr7.12 (As of Dec. 2024)


View and export this data going back to 2016. Start your Free Trial

What is Pareto Bank ASA 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.

Pareto Bank ASA's adjusted earnings per share data for the three months ended in Dec. 2024 was kr1.910. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is kr7.12 for the trailing ten years ended in Dec. 2024.

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 (2025-03-24), Pareto Bank ASA's current stock price is kr79.70. Pareto Bank ASA's E10 for the quarter that ended in Dec. 2024 was kr7.12. Pareto Bank ASA's Shiller PE Ratio of today is 11.19.

During the past 12 years, the highest Shiller PE Ratio of Pareto Bank ASA was 11.04. The lowest was 8.87. And the median was 9.39.


Pareto Bank ASA E10 Historical Data

The historical data trend for Pareto Bank ASA'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.

Pareto Bank ASA E10 Chart

Pareto Bank ASA Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 7.12

Pareto Bank ASA Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 - - 7.02 7.05 7.12

Competitive Comparison of Pareto Bank ASA's E10

For the Banks - Regional subindustry, Pareto Bank ASA'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.


Pareto Bank ASA's Shiller PE Ratio Distribution in the Banks Industry

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

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



Pareto Bank ASA 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, Pareto Bank ASA's adjusted earnings per share data for the three months ended in Dec. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Dec. 2024 (Change)*Current CPI (Dec. 2024)
=1.91/134.8000*134.8000
=1.910

Current CPI (Dec. 2024) = 134.8000.

Pareto Bank ASA Quarterly Data

per share eps CPI Adj_EPS
201503 0.703 99.200 0.955
201506 1.373 100.100 1.849
201509 1.159 100.600 1.553
201512 0.528 100.900 0.705
201603 0.928 102.500 1.220
201606 1.228 103.800 1.595
201609 1.307 104.200 1.691
201612 0.609 104.400 0.786
201703 1.297 105.000 1.665
201706 1.267 105.800 1.614
201709 1.457 105.900 1.855
201712 1.248 106.100 1.586
201803 1.337 107.300 1.680
201806 1.570 108.500 1.951
201809 1.280 109.500 1.576
201812 1.360 109.800 1.670
201903 1.670 110.400 2.039
201906 1.230 110.600 1.499
201909 1.340 111.100 1.626
201912 1.610 111.300 1.950
202003 0.970 111.200 1.176
202006 1.790 112.100 2.152
202009 1.450 112.900 1.731
202012 1.780 112.900 2.125
202103 1.680 114.600 1.976
202106 1.850 115.300 2.163
202109 1.800 117.500 2.065
202112 1.770 118.900 2.007
202203 1.640 119.800 1.845
202206 1.840 122.600 2.023
202209 1.850 125.600 1.986
202212 2.380 125.900 2.548
202303 1.790 127.600 1.891
202306 2.030 130.400 2.098
202309 1.890 129.800 1.963
202312 2.010 131.900 2.054
202403 2.150 132.600 2.186
202406 2.150 133.800 2.166
202409 2.080 133.700 2.097
202412 1.910 134.800 1.910

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


Pareto Bank ASA  (OSL:PARB) 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.

Pareto Bank ASA's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=79.70/7.12
=11.19

* 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 12 years, the highest Shiller P/E Ratio of Pareto Bank ASA was 11.04. The lowest was 8.87. And the median was 9.39.


Be Aware

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


Pareto Bank ASA E10 Related Terms

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


Pareto Bank ASA Business Description

Traded in Other Exchanges
Address
Dronning Mauds gate 3, P.O. Box 1823, Vika, Oslo, NOR, 0123
Pareto Bank ASA operates as a commercial bank in Norway. It offers diversified financial services including accepting deposits, financing of construction and rehabilitation of housing, financing solutions for companies, owners and investors, financing of shipping and offshore projects, banking. The bank also offers credit cards and online banking.

Pareto Bank ASA Headlines

No Headlines