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Rizal Commercial Banking (PHS:RCB) E10 : ₱5.94 (As of Sep. 2024)


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What is Rizal Commercial Banking 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.

Rizal Commercial Banking's adjusted earnings per share data for the three months ended in Sep. 2024 was ₱0.729. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₱5.94 for the trailing ten years ended in Sep. 2024.

During the past 12 months, Rizal Commercial Banking's average E10 Growth Rate was -5.60% per year. During the past 3 years, the average E10 Growth Rate was 1.10% 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 Rizal Commercial Banking was 1.10% per year. The lowest was -1.50% per year. And the median was -0.20% per year.

As of today (2024-12-13), Rizal Commercial Banking's current stock price is ₱23.85. Rizal Commercial Banking's E10 for the quarter that ended in Sep. 2024 was ₱5.94. Rizal Commercial Banking's Shiller PE Ratio of today is 4.02.

During the past 13 years, the highest Shiller PE Ratio of Rizal Commercial Banking was 9.13. The lowest was 2.45. And the median was 3.78.


Rizal Commercial Banking E10 Historical Data

The historical data trend for Rizal Commercial Banking'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.

Rizal Commercial Banking E10 Chart

Rizal Commercial Banking 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 6.19 6.13 6.00 6.15 6.33

Rizal Commercial Banking 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 6.29 6.33 5.84 5.96 5.94

Competitive Comparison of Rizal Commercial Banking's E10

For the Banks - Regional subindustry, Rizal Commercial Banking'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.


Rizal Commercial Banking's Shiller PE Ratio Distribution in the Banks Industry

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

* The bar in red indicates where Rizal Commercial Banking's Shiller PE Ratio falls into.



Rizal Commercial Banking 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, Rizal Commercial Banking'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)
=0.729/133.0289*133.0289
=0.729

Current CPI (Sep. 2024) = 133.0289.

Rizal Commercial Banking Quarterly Data

per share eps CPI Adj_EPS
201412 0.148 99.070 0.199
201503 4.426 99.621 5.910
201506 0.615 100.684 0.813
201509 0.738 100.392 0.978
201512 0.367 99.792 0.489
201603 4.808 100.470 6.366
201606 0.537 101.688 0.703
201609 0.594 101.861 0.776
201612 -0.352 101.863 -0.460
201703 0.667 102.862 0.863
201706 0.894 103.349 1.151
201709 0.705 104.136 0.901
201712 -0.170 104.011 -0.217
201803 0.753 105.290 0.951
201806 0.735 106.317 0.920
201809 0.541 106.507 0.676
201812 0.574 105.998 0.720
201903 0.674 107.251 0.836
201906 0.701 108.070 0.863
201909 0.956 108.329 1.174
201912 0.452 108.420 0.555
202003 4.800 108.902 5.863
202006 0.414 108.767 0.506
202009 0.461 109.815 0.558
202012 0.361 109.897 0.437
202103 0.816 111.754 0.971
202106 0.903 114.631 1.048
202109 0.988 115.734 1.136
202112 -0.050 117.630 -0.057
202203 3.770 121.301 4.134
202206 1.960 125.017 2.086
202209 1.925 125.227 2.045
202212 0.060 125.222 0.064
202303 6.710 127.348 7.009
202306 1.268 128.729 1.310
202309 1.162 129.860 1.190
202312 0.875 129.419 0.899
202403 3.380 131.776 3.412
202406 0.929 132.554 0.932
202409 0.729 133.029 0.729

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


Rizal Commercial Banking  (PHS:RCB) 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.

Rizal Commercial Banking's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=23.85/5.94
=4.02

* 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 Rizal Commercial Banking was 9.13. The lowest was 2.45. And the median was 3.78.


Be Aware

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


Rizal Commercial Banking E10 Related Terms

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


Rizal Commercial Banking Business Description

Traded in Other Exchanges
N/A
Address
6819 Ayala Avenue, Yuchengco Tower, RCBC Plaza, Makati, PHL, 1200
Rizal Commercial Banking Corporation is a bank based in Makati City, the Philippines. The company provides banking and financial products and services to its customers in the Philippines but also in Asia, Europe, and the United States. The bank operates in the below segments: Retail, Corporate, Small and Medium enterprises, Treasury, and Others. Of these segments, the contributor to revenue is the retail banking function, followed by corporate banking. Services provided to clients include checking and savings accounts, deposits, credit cards, consumer and commercial loans, money market and trading services, investment banking, foreign exchange, wealth management, economic and investment research, syndicated loans, and wholesale lending.

Rizal Commercial Banking Headlines

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