Saudi National Bank (SAU:1180) E10: ﷼3.40 (As of Mar. 2026)


SAU:1180 Saudi National Bank SAU:1180
71 GF Score
Price ﷼38.96
GF Value ﷼39.81
Valuation Fairly Valued
! 3 Warning Signs
View Full Analysis

What is Saudi National Bank E10?

Saudi National Bank SAU:1180 71 E10 is ﷼3.40 as of Mar. 2026. GuruFocus rates SAU:1180 with a GF Score™ of 71/100 and a GF Value™ of ﷼39.81 (Fairly Valued). The stock has 3 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.

Saudi National Bank's adjusted earnings per share data for the three months ended in Mar. 2026 was ﷼1.040. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ﷼3.40 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Saudi National Bank's average E10 Growth Rate was 6.60% 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.

As of today (2026-07-05), Saudi National Bank's current stock price is ﷼38.96. Saudi National Bank's E10 for the quarter that ended in Mar. 2026 was ﷼3.40. Saudi National Bank's Shiller PE Ratio of today is 11.46.

During the past 13 years, the highest Shiller PE Ratio of Saudi National Bank was 14.35. The lowest was 10.02. And the median was 11.52.


Saudi National Bank  (SAU:1180) 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.

Saudi National Bank's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=38.96/3.40
=11.46

* 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 Saudi National Bank was 14.35. The lowest was 10.02. And the median was 11.52.


Be Aware

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


Saudi National Bank E10 Related Terms


Saudi National Bank E10 Historical Data

* Premium members only.

The historical data trend for Saudi National 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.

Saudi National Bank E10 Chart

Saudi National 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 0.00 0.00 3.00 3.14 3.32

Saudi National 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 3.19 3.24 3.30 3.32 3.40

SAU:1180 vs PNC: E10 Comparison

For the Banks - Regional subindustry, Saudi National 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.


Saudi National Bank Shiller PE Ratio vs Banks Industry

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

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


SAU:1180
71GF Score
Saudi National Bank SAU:1180
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Saudi National 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, Saudi National 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)
=1.04/330.2130*330.2130
=1.040

Current CPI (Mar. 2026) = 330.2130.

Saudi National Bank Quarterly Data

per share eps CPI Adj_EPS
201606 0.590 241.018 0.808
201609 0.470 241.428 0.643
201612 0.550 241.432 0.752
201703 0.655 243.801 0.887
201706 0.585 244.955 0.789
201709 0.510 246.819 0.682
201712 0.615 246.524 0.824
201803 0.728 249.554 0.963
201806 0.518 251.989 0.679
201809 0.510 252.439 0.667
201812 0.653 251.233 0.858
201903 0.668 254.202 0.868
201906 0.653 256.143 0.842
201909 0.615 256.759 0.791
201912 0.818 256.974 1.051
202003 0.683 258.115 0.874
202006 0.503 257.797 0.644
202009 0.758 260.280 0.962
202012 0.810 260.474 1.027
202103 0.825 264.877 1.028
202106 0.270 271.696 0.328
202109 0.668 274.310 0.804
202112 0.473 278.802 0.560
202203 0.735 287.504 0.844
202206 0.750 296.311 0.836
202209 0.760 296.808 0.846
202212 0.770 296.797 0.857
202303 0.800 301.836 0.875
202306 0.810 305.109 0.877
202309 0.800 307.789 0.858
202312 0.810 306.746 0.872
202403 0.820 312.332 0.867
202406 0.840 314.175 0.883
202409 0.860 315.301 0.901
202412 0.910 315.605 0.952
202503 0.960 319.799 0.991
202506 0.990 322.561 1.013
202509 1.040 324.800 1.057
202512 1.040 324.054 1.060
202603 1.040 330.213 1.040

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 ﷼3.40 mean?
Saudi National Bank (SAU:1180) has a E10 of ﷼3.40 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Saudi National Bank and its competitors.
Is Saudi National Bank's E10 too high?
Saudi National Bank's current E10 is ﷼3.40. Overall, Saudi National Bank has a GF Score™ of 71/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Saudi National Bank's E10 compare to PNC?
Saudi National Bank's E10 of ﷼3.40 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 Saudi National Bank and its competitors. Saudi National Bank's current E10 is ﷼3.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Saudi National Bank stock overvalued right now?
Based on GuruFocus' analysis, Saudi National Bank (SAU:1180) is currently considered Fairly Valued. The stock's GF Value™ is ﷼39.81, compared to a current price of ﷼38.96 — trading 2.1% below its estimated fair value. The current E10 is ﷼3.40. Saudi National Bank's overall GF Score™ is 71/100 with 3 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 Saudi National Bank (SAU:1180), the current E10 is ﷼3.40 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 Saudi National Bank (SAU:1180) Overvalued in 2026?

Based on GuruFocus' analysis, Saudi National Bank stock appears to be undervalued. The current stock price of ﷼38.96 is trading 2.1% below its estimated GF Value™ of ﷼39.81. GuruFocus considers Saudi National Bank to be Fairly Valued.

Key valuation signals for SAU:1180:

  • E10: ﷼3.40
  • GF Value™: ﷼39.81 vs. price of ﷼38.96 (2.1% below fair value)
  • GF Score™: 71/100 with 3 warning signs

No single metric tells the full story. See the SAU:1180 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Saudi National Bank Business Description

Address King Fahd Road, Unit No. 778, The Saudi National Bank Tower, 3208 - Al Aqeeq District, King Abdullah Financial District, Riyadh, SAU, 13519 - 6676
Saudi National Bank is a financial institution in Saudi Arabia. It provides a range of banking and investment management services. The company also provides non-special commission based banking products in compliance with Shariah rules. It has four reportable segments: Retail, Wholesale, Capital Market, and International. The majority of the company's revenue is derived from the Wholesale segment, which provides banking services including all conventional credit-related products as well as financing products to small sized businesses, medium and large establishments and companies. Geographically, it has a presence in the Kingdom of Saudi Arabia, GCC and Middle East, Europe, Turkey, North America and Other countries.
71GF Score

Get the complete analysis for SAU:1180

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

﷼38.96
Price
﷼39.81
GF Value