Al Rajhi Bank (SAU:1120) E10: ﷼2.60 (As of Mar. 2026)


SAU:1120 Al Rajhi Bank SAU:1120
77 GF Score
Price ﷼65.95
GF Value ﷼79.56
Valuation Modestly Undervalued
! 4 Warning Signs
View Full Analysis

What is Al Rajhi Bank E10?

Al Rajhi Bank SAU:1120 +0.23% 77 E10 is ﷼2.60 as of Mar. 2026. GuruFocus rates SAU:1120 with a GF Score™ of 77/100 and a GF Value™ of ﷼79.56 (Modestly Undervalued). The stock has 4 warning signs investors should review.

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.

Al Rajhi Bank's adjusted earnings per share data for the three months ended in Mar. 2026 was ﷼1.060. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ﷼2.60 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Al Rajhi Bank's average E10 Growth Rate was 13.00% per year. During the past 3 years, the average E10 Growth Rate was 11.00% per year. During the past 5 years, the average E10 Growth Rate was 11.80% 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 Al Rajhi Bank was 12.20% per year. The lowest was 11.00% per year. And the median was 11.10% per year.

As of today (2026-07-07), Al Rajhi Bank's current stock price is ﷼65.95. Al Rajhi Bank's E10 for the quarter that ended in Mar. 2026 was ﷼2.60. Al Rajhi Bank's Shiller PE Ratio of today is 25.37.

During the past 13 years, the highest Shiller PE Ratio of Al Rajhi Bank was 44.59. The lowest was 16.12. And the median was 27.35.


Al Rajhi Bank  (SAU:1120) 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.

Al Rajhi Bank's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=65.95/2.60
=25.37

* 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 Al Rajhi Bank was 44.59. The lowest was 16.12. And the median was 27.35.


Be Aware

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


Al Rajhi Bank E10 Related Terms


Al Rajhi Bank E10 Historical Data

* Premium members only.

The historical data trend for Al Rajhi Bank'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.

Al Rajhi Bank E10 Chart

Al Rajhi Bank Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.61 1.83 1.99 2.21 2.50

Al Rajhi Bank Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 2.30 2.37 2.45 2.50 2.60

SAU:1120 vs PNC: E10 Comparison

For the Banks - Regional subindustry, Al Rajhi Bank'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.


Al Rajhi Bank Shiller PE Ratio vs Banks Industry

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

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


SAU:1120
77GF Score
Al Rajhi Bank SAU:1120
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Al Rajhi Bank 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, Al Rajhi Bank's adjusted earnings per share data for the three months ended in Mar. 2026 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=1.06/330.2130*330.2130
=1.060

Current CPI (Mar. 2026) = 330.2130.

Al Rajhi Bank Quarterly Data

per share eps CPI Adj_EPS
201606 0.341 241.018 0.467
201609 0.336 241.428 0.460
201612 0.341 241.432 0.466
201703 0.371 243.801 0.502
201706 0.363 244.955 0.489
201709 0.376 246.819 0.503
201712 0.409 246.524 0.548
201803 0.398 249.554 0.527
201806 0.413 251.989 0.541
201809 0.421 252.439 0.551
201812 -0.588 251.233 -0.773
201903 0.429 254.202 0.557
201906 0.421 256.143 0.543
201909 0.458 256.759 0.589
201912 0.383 256.974 0.492
202003 0.396 258.115 0.507
202006 0.404 257.797 0.517
202009 0.442 260.280 0.561
202012 0.521 260.474 0.660
202103 0.554 264.877 0.691
202106 0.600 271.696 0.729
202109 0.633 274.310 0.762
202112 0.673 278.802 0.797
202203 0.687 287.504 0.789
202206 0.700 296.311 0.780
202209 0.713 296.808 0.793
202212 0.720 296.797 0.801
202303 0.660 301.836 0.722
202306 0.653 305.109 0.707
202309 0.660 307.789 0.708
202312 0.660 306.746 0.710
202403 0.700 312.332 0.740
202406 0.747 314.175 0.785
202409 0.813 315.301 0.851
202412 0.860 315.605 0.900
202503 0.940 319.799 0.971
202506 0.967 322.561 0.990
202509 0.987 324.800 1.003
202512 1.007 324.054 1.026
202603 1.060 330.213 1.060

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

Frequently Asked Questions Learn more about E10 →
What does a E10 of ﷼2.60 mean?
Al Rajhi Bank (SAU:1120) has a E10 of ﷼2.60 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Al Rajhi Bank and its competitors.
Is Al Rajhi Bank's E10 too high?
Al Rajhi Bank's current E10 is ﷼2.60. Overall, Al Rajhi Bank has a GF Score™ of 77/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Al Rajhi Bank's E10 compare to PNC?
Al Rajhi Bank's E10 of ﷼2.60 can be compared against companies in the Banks industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good E10 for a Banks company?
A good E10 depends on the Banks industry context. However, E10 should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high E10 mean?
A high E10 can signal that a stock is expensive relative to its fundamentals. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Al Rajhi Bank and its competitors. Al Rajhi Bank's current E10 is ﷼2.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Al Rajhi Bank stock overvalued right now?
Based on GuruFocus' analysis, Al Rajhi Bank (SAU:1120) is currently considered Modestly Undervalued. The stock's GF Value™ is ﷼79.56, compared to a current price of ﷼65.95 — trading 17.1% below its estimated fair value. The current E10 is ﷼2.60. Al Rajhi Bank's overall GF Score™ is 77/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is E10 calculated?
E10 is calculated from a company's financial statements. For Al Rajhi Bank (SAU:1120), the current E10 is ﷼2.60 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Al Rajhi Bank (SAU:1120) Overvalued in 2026?

Based on GuruFocus' analysis, Al Rajhi Bank stock appears to be undervalued. The current stock price of ﷼65.95 is trading 17.1% below its estimated GF Value™ of ﷼79.56. GuruFocus considers Al Rajhi Bank to be Modestly Undervalued.

Key valuation signals for SAU:1120:

  • E10: ﷼2.60
  • GF Value™: ﷼79.56 vs. price of ﷼65.95 (17.1% below fair value)
  • GF Score™: 77/100 with 4 warning signs

No single metric tells the full story. See the SAU:1120 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Al Rajhi Bank Business Description

Address 8467 King Fahd Road, Unit No. 1, Al Muruj District, Riyadh, SAU, 12263 - 2743
Al Rajhi Bank is an Islamic bank with a network of over 500 branches. Its segments include the Retail segment which includes accepting individual customer deposits, providing credit facilities, customer debit current accounts, fees from banking services, and remittance business; the Corporate segment which incorporates deposits of VIP, corporate customer deposits, credit facilities, and debit current accounts, Treasury segment through which it offers treasury services, Murabaha with SAMA and international Mutajara portfolio; and Investment services and brokerage and other that incorporates investments of individuals and corporate in mutual funds, local and international share trading services and investment portfolios.
77GF Score

Get the complete analysis for SAU:1120

E10 is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

﷼65.95
Price
﷼79.56
GF Value