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BDO Unibank (PHS:BDO) E10 : ₱9.40 (As of Sep. 2024)


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What is BDO Unibank 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.

BDO Unibank's adjusted earnings per share data for the three months ended in Sep. 2024 was ₱3.990. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₱9.40 for the trailing ten years ended in Sep. 2024.

During the past 12 months, BDO Unibank's average E10 Growth Rate was 13.40% per year. During the past 3 years, the average E10 Growth Rate was 14.60% per year. During the past 5 years, the average E10 Growth Rate was 12.80% 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 BDO Unibank was 14.60% per year. The lowest was 4.50% per year. And the median was 11.90% per year.

As of today (2025-03-17), BDO Unibank's current stock price is ₱163.00. BDO Unibank's E10 for the quarter that ended in Sep. 2024 was ₱9.40. BDO Unibank's Shiller PE Ratio of today is 17.34.

During the past 13 years, the highest Shiller PE Ratio of BDO Unibank was 31.09. The lowest was 12.71. And the median was 17.00.


BDO Unibank E10 Historical Data

The historical data trend for BDO Unibank'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.

BDO Unibank E10 Chart

BDO Unibank 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 5.36 5.65 6.50 7.52 8.51

BDO Unibank 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 8.29 8.51 8.85 9.14 9.40

Competitive Comparison of BDO Unibank's E10

For the Banks - Regional subindustry, BDO Unibank'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.


BDO Unibank's Shiller PE Ratio Distribution in the Banks Industry

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

* The bar in red indicates where BDO Unibank's Shiller PE Ratio falls into.



BDO Unibank 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, BDO Unibank'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)
=3.99/133.0289*133.0289
=3.990

Current CPI (Sep. 2024) = 133.0289.

BDO Unibank Quarterly Data

per share eps CPI Adj_EPS
201412 1.346 99.070 1.807
201503 1.282 99.621 1.712
201506 1.234 100.684 1.630
201509 1.290 100.392 1.709
201512 1.611 99.792 2.148
201603 1.175 100.470 1.556
201606 1.692 101.688 2.213
201609 1.317 101.861 1.720
201612 1.517 101.863 1.981
201703 1.092 102.862 1.412
201706 1.442 103.349 1.856
201709 1.358 104.136 1.735
201712 1.475 104.011 1.887
201803 1.058 105.290 1.337
201806 1.383 106.317 1.730
201809 1.583 106.507 1.977
201812 2.125 105.998 2.667
201903 1.792 107.251 2.223
201906 1.967 108.070 2.421
201909 2.267 108.329 2.784
201912 2.300 108.420 2.822
202003 1.600 108.902 1.954
202006 -0.850 108.767 -1.040
202009 2.317 109.815 2.807
202012 2.208 109.897 2.673
202103 1.908 111.754 2.271
202106 2.083 114.631 2.417
202109 2.075 115.734 2.385
202112 1.950 117.630 2.205
202203 2.170 121.301 2.380
202206 2.290 125.017 2.437
202209 3.020 125.227 3.208
202212 3.200 125.222 3.400
202303 3.060 127.348 3.197
202306 3.520 128.729 3.638
202309 3.520 129.860 3.606
202312 3.670 129.419 3.772
202403 3.430 131.776 3.463
202406 3.940 132.554 3.954
202409 3.990 133.029 3.990

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


BDO Unibank  (PHS:BDO) 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.

BDO Unibank's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=163.00/9.40
=17.34

* 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 BDO Unibank was 31.09. The lowest was 12.71. And the median was 17.00.


Be Aware

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


BDO Unibank E10 Related Terms

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


BDO Unibank Business Description

Traded in Other Exchanges
Address
7899 Makati Avenue, BDO Corporate Center, Makati, PHL, 0726
BDO Unibank Inc is a full-service universal bank in the Philippines. The company provides a variety of banking products and services, including corporate and consumer lending, deposit-taking, foreign exchange, brokering, trust and investments, credit cards, corporate cash management, and remittances. It also offers leasing and financing, investment banking, private banking, rural banking, bancassurance, and insurance and stock brokerage services through its various local subsidiaries. It has a large distribution network of operating branches and ATMs. Most of its earning assets are loans and other receivables.

BDO Unibank Headlines

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