SBFG (SB Financial Group) E10: $2.14 (As of Mar. 2026)


SBFG SB Financial Group Inc SBFG
64 GF Score
Price $23.43
GF Value $22.02
Valuation Fairly Valued
! 3 Warning Signs
View Full Analysis

What is SB Financial Group E10?

SB Financial Group SBFG -1.60% 64 E10 is $2.14 as of Mar. 2026. GuruFocus rates SBFG with a GF Score™ of 64/100 and a GF Value™ of $22.02 (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.

SB Financial Group's adjusted earnings per share data for the three months ended in Mar. 2026 was $0.690. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $2.14 for the trailing ten years ended in Mar. 2026.

During the past 12 months, SB Financial Group's average E10 Growth Rate was 8.10% per year. During the past 3 years, the average E10 Growth Rate was 5.80% per year. During the past 5 years, the average E10 Growth Rate was 8.50% per year. During the past 10 years, the average E10 Growth Rate was 21.00% 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 SB Financial Group was 100.00% per year. The lowest was -7.70% per year. And the median was 18.60% per year.

As of today (2026-06-25), SB Financial Group's current stock price is $23.43. SB Financial Group's E10 for the quarter that ended in Mar. 2026 was $2.14. SB Financial Group's Shiller PE Ratio of today is 10.95.

During the past 13 years, the highest Shiller PE Ratio of SB Financial Group was 39.87. The lowest was 6.80. And the median was 12.23.


SB Financial Group  (NAS:SBFG) 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.

SB Financial Group's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=23.43/2.14
=10.95

* 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 SB Financial Group was 39.87. The lowest was 6.80. And the median was 12.23.


Be Aware

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


SB Financial Group E10 Related Terms


SB Financial Group E10 Historical Data

* Premium members only.

The historical data trend for SB Financial Group'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.

SB Financial Group E10 Chart

SB Financial Group 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 1.60 1.75 1.86 1.95 2.07

SB Financial Group 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 1.98 2.01 2.05 2.07 2.14

SBFG vs DIMC, AFBI, BEOB: E10 Comparison

For the Banks - Regional subindustry, SB Financial Group'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.


SB Financial Group Shiller PE Ratio vs Banks Industry

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

* The bar in red indicates where SB Financial Group's Shiller PE Ratio falls into.


SBFG
64GF Score
SB Financial Group Inc SBFG
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

SB Financial Group 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, SB Financial Group'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)
=0.69/330.2130*330.2130
=0.690

Current CPI (Mar. 2026) = 330.2130.

SB Financial Group Quarterly Data

per share eps CPI Adj_EPS
201606 0.333 241.018 0.456
201609 0.381 241.428 0.521
201612 0.352 241.432 0.481
201703 0.295 243.801 0.400
201706 0.352 244.955 0.475
201709 0.410 246.819 0.549
201712 0.610 246.524 0.817
201803 0.333 249.554 0.441
201806 0.381 251.989 0.499
201809 0.371 252.439 0.485
201812 0.352 251.233 0.463
201903 0.267 254.202 0.347
201906 0.314 256.143 0.405
201909 0.457 256.759 0.588
201912 0.400 256.974 0.514
202003 0.086 258.115 0.110
202006 0.448 257.797 0.574
202009 0.657 260.280 0.834
202012 0.676 260.474 0.857
202103 0.924 264.877 1.152
202106 0.495 271.696 0.602
202109 0.552 274.310 0.664
202112 0.467 278.802 0.553
202203 0.400 287.504 0.459
202206 0.400 296.311 0.446
202209 0.470 296.808 0.523
202212 0.500 296.797 0.556
202303 0.350 301.836 0.383
202306 0.440 305.109 0.476
202309 0.390 307.789 0.418
202312 0.570 306.746 0.614
202403 0.350 312.332 0.370
202406 0.470 314.175 0.494
202409 0.350 315.301 0.367
202412 0.550 315.605 0.575
202503 0.330 319.799 0.341
202506 0.600 322.561 0.614
202509 0.640 324.800 0.651
202512 0.630 324.054 0.642
202603 0.690 330.213 0.690

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 $2.14 mean?
SB Financial Group (SBFG) has a E10 of $2.14 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on SB Financial Group and its competitors.
Is SB Financial Group's E10 too high?
SB Financial Group's current E10 is $2.14. Overall, SB Financial Group has a GF Score™ of 64/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does SB Financial Group's E10 compare to DIMC and AFBI?
SB Financial Group's E10 of $2.14 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 SB Financial Group and its competitors. SB Financial Group's current E10 is $2.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SB Financial Group stock overvalued right now?
Based on GuruFocus' analysis, SB Financial Group (SBFG) is currently considered Fairly Valued. The stock's GF Value™ is $22.02, compared to a current price of $23.43 — trading 6.4% above its estimated fair value. The current E10 is $2.14. SB Financial Group's overall GF Score™ is 64/100 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 SB Financial Group (SBFG), the current E10 is $2.14 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 SB Financial Group (SBFG) Overvalued in 2026?

Based on GuruFocus' analysis, SB Financial Group stock appears to be overvalued. The current stock price of $23.43 is trading 6.4% above its estimated GF Value™ of $22.02. GuruFocus considers SB Financial Group to be Fairly Valued.

Key valuation signals for SBFG:

  • E10: $2.14
  • GF Value™: $22.02 vs. price of $23.43 (6.4% above fair value)
  • GF Score™: 64/100 with 3 warning signs

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


SB Financial Group Business Description

Address 401 Clinton Street, P.O. Box 467, Defiance, OH, USA, 43512
SB Financial Group Inc that provides a range of community banking services, including commercial and consumer lending, personal and business banking, treasury management and merchant services, personal wealth management and brokerage services, and other financial services to individuals, businesses, and municipalities. It operates in a single segment, which is Banking.
64GF Score

Get the complete analysis for SBFG

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

$23.43
Price
$22.02
GF Value