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Turkiye Garanti Bankasi AS (STU:GBKB) E10 : €0.13 (As of Mar. 2024)


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What is Turkiye Garanti Bankasi AS 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.

Turkiye Garanti Bankasi AS's adjusted earnings per share data for the three months ended in Mar. 2024 was €0.153. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €0.13 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Turkiye Garanti Bankasi AS's average E10 Growth Rate was 62.40% per year. During the past 3 years, the average E10 Growth Rate was 52.10% 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 Turkiye Garanti Bankasi AS was 52.10% per year. The lowest was 21.50% per year. And the median was 36.80% per year.

As of today (2024-05-29), Turkiye Garanti Bankasi AS's current stock price is €2.68. Turkiye Garanti Bankasi AS's E10 for the quarter that ended in Mar. 2024 was €0.13. Turkiye Garanti Bankasi AS's Shiller PE Ratio of today is 20.62.

During the past 13 years, the highest Shiller PE Ratio of Turkiye Garanti Bankasi AS was 21.08. The lowest was 5.17. And the median was 8.34.


Turkiye Garanti Bankasi AS E10 Historical Data

The historical data trend for Turkiye Garanti Bankasi AS'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.

Turkiye Garanti Bankasi AS E10 Chart

Turkiye Garanti Bankasi AS 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 0.20 0.12 0.10 0.12 0.11

Turkiye Garanti Bankasi AS Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 0.13 0.09 0.11 0.11 0.13

Competitive Comparison of Turkiye Garanti Bankasi AS's E10

For the Banks - Regional subindustry, Turkiye Garanti Bankasi AS'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.


Turkiye Garanti Bankasi AS's Shiller PE Ratio Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Turkiye Garanti Bankasi AS's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Turkiye Garanti Bankasi AS's Shiller PE Ratio falls into.



Turkiye Garanti Bankasi AS 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, Turkiye Garanti Bankasi AS's adjusted earnings per share data for the three months ended in Mar. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=0.153/131.7762*131.7762
=0.153

Current CPI (Mar. 2024) = 131.7762.

Turkiye Garanti Bankasi AS Quarterly Data

per share eps CPI Adj_EPS
201403 0.069 99.695 0.091
201406 0.081 100.560 0.106
201409 0.088 100.428 0.115
201412 0.058 99.070 0.077
201503 0.081 99.621 0.107
201506 0.089 100.684 0.116
201509 0.050 100.392 0.066
201512 0.058 99.792 0.077
201603 0.079 100.470 0.104
201606 0.126 101.688 0.163
201609 0.095 101.861 0.123
201612 0.077 101.863 0.100
201703 0.093 102.862 0.119
201706 0.093 103.349 0.119
201709 0.090 104.136 0.114
201712 0.088 104.011 0.111
201803 0.099 105.290 0.124
201806 0.001 106.317 0.001
201809 0.054 106.507 0.067
201812 0.042 105.998 0.052
201903 0.067 107.251 0.082
201906 0.068 108.070 0.083
201909 0.050 108.329 0.061
201912 0.045 108.420 0.055
202003 0.057 108.902 0.069
202006 0.051 108.767 0.062
202009 0.051 109.815 0.061
202012 0.028 109.897 0.034
202103 0.069 111.754 0.081
202109 0.089 115.734 0.101
202112 0.063 117.630 0.071
202203 0.122 121.301 0.133
202206 0.002 125.017 0.002
202209 0.230 125.227 0.242
202212 0.238 125.222 0.250
202303 0.180 127.348 0.186
202306 0.002 128.729 0.002
202309 0.195 129.860 0.198
202312 0.219 129.419 0.223
202403 0.153 131.776 0.153

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


Turkiye Garanti Bankasi AS  (STU:GBKB) 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.

Turkiye Garanti Bankasi AS's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=2.68/0.13
=20.62

* 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 Turkiye Garanti Bankasi AS was 21.08. The lowest was 5.17. And the median was 8.34.


Be Aware

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


Turkiye Garanti Bankasi AS E10 Related Terms

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


Turkiye Garanti Bankasi AS (STU:GBKB) Business Description

Traded in Other Exchanges
Address
Levent Nispetiye Mah. Aytar Cad. No: 2, Besiktas, Istanbul, TUR, 34340
Turkiye Garanti Bankasi AS is an integrated financial services group operating primarily in Turkey, but with subsidiaries in the Netherlands, Russia, and Romania. It is a full-service bank offering corporate, commercial, retail, private, small to midsize enterprise, and investment banking services. Other financial services include insurance, leasing, brokerage, and asset management services. The bank's strategy emphasizes customer service. Its vast majority of its earning assets consist of loans, with strong positioning in consumer loans, mortgages, and auto loans. The company loan portfolio is diversified across various industries, notably real estate and rental services, wholesale and retail trade, and the production industries.

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