BPER Banca SpA (WBO:BPE) E10: €0.67 (As of Dec. 2025)


WBO:BPE BPER Banca SpA WBO:BPE
55 GF Score
Price €13.39
GF Value €5.01
Valuation Significantly Overvalued
! 8 Warning Signs
View Full Analysis

What is BPER Banca SpA E10?

BPER Banca SpA WBO:BPE -1.15% 55 E10 is €0.67 as of Dec. 2025. GuruFocus rates WBO:BPE with a GF Score™ of 55/100 and a GF Value™ of €5.01 (Significantly Overvalued). The stock has 8 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.

BPER Banca SpA's adjusted earnings per share data for the three months ended in Dec. 2025 was €0.173. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €0.67 for the trailing ten years ended in Dec. 2025.

During the past 12 months, BPER Banca SpA's average E10 Growth Rate was 13.60% per year. During the past 3 years, the average E10 Growth Rate was 20.80% per year. During the past 5 years, the average E10 Growth Rate was 26.00% 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 BPER Banca SpA was 35.00% per year. The lowest was -1.40% per year. And the median was 15.75% per year.

As of today (2026-06-28), BPER Banca SpA's current stock price is €13.388. BPER Banca SpA's E10 for the quarter that ended in Dec. 2025 was €0.67. BPER Banca SpA's Shiller PE Ratio of today is 19.98.

During the past 13 years, the highest Shiller PE Ratio of BPER Banca SpA was 20.60. The lowest was 3.92. And the median was 8.61.


BPER Banca SpA  (WBO:BPE) 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.

BPER Banca SpA's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=13.388/0.67
=19.98

* 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 BPER Banca SpA was 20.60. The lowest was 3.92. And the median was 8.61.


Be Aware

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


BPER Banca SpA E10 Related Terms


BPER Banca SpA E10 Historical Data

* Premium members only.

The historical data trend for BPER Banca SpA'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.

BPER Banca SpA E10 Chart

BPER Banca SpA 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 0.24 0.38 0.49 0.59 0.67

BPER Banca SpA 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 0.61 0.63 0.66 0.67 0.00

BPER Banca SpA E10 Competitor Comparison

For the Banks - Regional subindustry, BPER Banca SpA'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.


BPER Banca SpA Shiller PE Ratio vs Banks Industry

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

* The bar in red indicates where BPER Banca SpA's Shiller PE Ratio falls into.


WBO:BPE
55GF Score
BPER Banca SpA WBO:BPE
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

BPER Banca SpA 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, BPER Banca SpA's adjusted earnings per share data for the three months ended in Dec. 2025 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=0.173/122.6000*122.6000
=0.173

Current CPI (Dec. 2025) = 122.6000.

BPER Banca SpA Quarterly Data

per share eps CPI Adj_EPS
201603 0.043 99.600 0.053
201606 0.048 99.900 0.059
201609 0.051 100.100 0.062
201612 -0.122 100.300 -0.149
201703 0.020 101.000 0.024
201706 0.148 101.100 0.179
201709 0.042 101.200 0.051
201712 0.039 101.200 0.047
201803 0.353 101.800 0.425
201806 0.080 102.400 0.096
201809 0.071 102.600 0.085
201812 0.062 102.300 0.074
201903 0.068 102.800 0.081
201906 0.074 103.100 0.088
201909 0.569 102.900 0.678
201912 -0.208 102.800 -0.248
202003 0.012 102.900 0.014
202006 0.114 102.900 0.136
202009 0.125 102.300 0.150
202012 0.027 102.600 0.032
202103 0.276 103.700 0.326
202106 0.070 104.200 0.082
202109 0.059 104.900 0.069
202112 -0.043 106.600 -0.049
202203 0.078 110.400 0.087
202206 0.879 112.500 0.958
202209 0.056 114.200 0.060
202212 -0.012 119.000 -0.012
202303 0.206 118.800 0.213
202306 0.292 119.700 0.299
202309 0.264 120.300 0.269
202312 0.306 119.700 0.313
202403 0.315 120.200 0.321
202406 0.185 120.700 0.188
202409 0.284 121.200 0.287
202412 0.188 121.200 0.190
202503 0.306 122.500 0.306
202506 0.318 122.700 0.318
202509 0.320 123.100 0.319
202512 0.173 122.600 0.173

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 €0.67 mean?
BPER Banca SpA (WBO:BPE) has a E10 of €0.67 as of Dec. 2025. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on BPER Banca SpA and its competitors.
Is BPER Banca SpA's E10 too high?
BPER Banca SpA's current E10 is €0.67. Overall, BPER Banca SpA has a GF Score™ of 55/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does BPER Banca SpA's E10 compare to competitors?
BPER Banca SpA's E10 of €0.67 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 BPER Banca SpA and its competitors. BPER Banca SpA's current E10 is €0.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BPER Banca SpA stock overvalued right now?
Based on GuruFocus' analysis, BPER Banca SpA (WBO:BPE) is currently considered Significantly Overvalued. The stock's GF Value™ is €5.01, compared to a current price of €13.39 — trading 167.2% above its estimated fair value. The current E10 is €0.67. BPER Banca SpA's overall GF Score™ is 55/100 with 8 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 BPER Banca SpA (WBO:BPE), the current E10 is €0.67 as of Dec. 2025. 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 BPER Banca SpA (WBO:BPE) Overvalued in 2026?

Based on GuruFocus' analysis, BPER Banca SpA stock appears to be overvalued. The current stock price of €13.39 is trading 167.2% above its estimated GF Value™ of €5.01. GuruFocus considers BPER Banca SpA to be Significantly Overvalued.

Key valuation signals for WBO:BPE:

  • E10: €0.67
  • GF Value™: €5.01 vs. price of €13.39 (167.2% above fair value)
  • GF Score™: 55/100 with 8 warning signs

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


BPER Banca SpA Business Description

Address Via San Carlo 8/20, Modena, ITA, 41121
BPER Banca SpA is a banking group consisting of four Italian regional commercial banks that merged on the initiative of BPER Banca. The banks are involved in a number of market segments, including retail banking, corporate and investment banking, and wealth management and insurance. In addition to the banks, the Group includes product companies, including asset management, personal loans, leasing, and factoring operations, and special purpose vehicles. Its strategy emphasizes customer service and cooperative banking. BPER group's customer base overwhelming derives from retail banking, mostly from individuals with some business deposits. Its loan base, however, is principally the group's corporate customers.
55GF Score

Get the complete analysis for WBO:BPE

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

€13.39
Price
€5.01
GF Value