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SBHGF (SBI Holdings) E10 : $2.18 (As of Dec. 2024)


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What is SBI Holdings 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.

SBI Holdings's adjusted earnings per share data for the three months ended in Dec. 2024 was $1.155. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $2.18 for the trailing ten years ended in Dec. 2024.

During the past 12 months, SBI Holdings's average E10 Growth Rate was 11.50% per year. During the past 3 years, the average E10 Growth Rate was 30.10% per year. During the past 5 years, the average E10 Growth Rate was 27.30% 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 SBI Holdings was 35.40% per year. The lowest was 30.10% per year. And the median was 33.50% per year.

As of today (2025-03-15), SBI Holdings's current stock price is $28.12. SBI Holdings's E10 for the quarter that ended in Dec. 2024 was $2.18. SBI Holdings's Shiller PE Ratio of today is 12.90.

During the past 13 years, the highest Shiller PE Ratio of SBI Holdings was 27.31. The lowest was 8.65. And the median was 12.75.


SBI Holdings E10 Historical Data

The historical data trend for SBI Holdings'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.

SBI Holdings E10 Chart

SBI Holdings Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.12 1.32 2.25 2.24 2.14

SBI Holdings Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 2.16 2.14 1.86 2.43 2.18

Competitive Comparison of SBI Holdings's E10

For the Financial Conglomerates subindustry, SBI Holdings'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.


SBI Holdings's Shiller PE Ratio Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, SBI Holdings's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where SBI Holdings's Shiller PE Ratio falls into.



SBI Holdings 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, SBI Holdings's adjusted earnings per share data for the three months ended in Dec. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Dec. 2024 (Change)*Current CPI (Dec. 2024)
=1.155/110.7000*110.7000
=1.155

Current CPI (Dec. 2024) = 110.7000.

SBI Holdings Quarterly Data

per share eps CPI Adj_EPS
201503 0.362 97.900 0.409
201506 0.396 98.400 0.446
201509 0.064 98.500 0.072
201512 0.254 98.100 0.287
201603 0.533 97.900 0.603
201606 0.325 98.100 0.367
201609 0.288 98.000 0.325
201612 0.429 98.400 0.483
201703 0.295 98.100 0.333
201706 0.485 98.500 0.545
201709 0.337 98.800 0.378
201712 0.572 99.400 0.637
201803 0.378 99.200 0.422
201806 0.643 99.200 0.718
201809 0.550 99.900 0.609
201812 0.177 99.700 0.197
201903 0.488 99.700 0.542
201906 0.424 99.800 0.470
201909 0.590 100.100 0.652
201912 0.345 100.500 0.380
202003 -0.002 100.300 -0.002
202006 0.593 99.900 0.657
202009 0.585 99.900 0.648
202012 0.946 99.300 1.055
202103 0.660 99.900 0.731
202106 0.926 99.500 1.030
202109 1.527 100.100 1.689
202112 8.807 100.100 9.740
202203 0.102 101.100 0.112
202206 -0.074 101.800 -0.080
202209 0.240 103.100 0.258
202212 0.010 104.100 0.011
202303 0.664 104.400 0.704
202306 0.555 105.200 0.584
202309 0.279 106.200 0.291
202312 0.521 106.800 0.540
202403 0.608 107.200 0.628
202406 0.446 108.200 0.456
202409 0.519 108.900 0.528
202412 1.155 110.700 1.155

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


SBI Holdings  (OTCPK:SBHGF) 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.

SBI Holdings's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=28.12/2.18
=12.90

* 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 SBI Holdings was 27.31. The lowest was 8.65. And the median was 12.75.


Be Aware

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


SBI Holdings E10 Related Terms

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


SBI Holdings Business Description

Traded in Other Exchanges
Address
1-6-1, Roppongi, Minato-ku, Tokyo, JPN, 106-6019
SBI Holdings Inc is a financial conglomerate that offers a variety of services in securities, banking, and insurance. Operations are divided into financial services, asset management, and biotechnology-related business. Many of the traditional financial offerings fall under the financial services arm and include housing loans and foreign exchange margin trading in addition to the primary banking and insurance businesses. Under the asset management business, the group invests in Japanese and international venture companies that operate in IT, biotechnology, environment/energy, and finance. Aside from financial services, cosmetics, health foods, and drugs are developed by subsidiaries in the biotech-related business.