Agricultural Development Bank (XGHA:ADB) E10: GHS0.76 (As of Mar. 2026)


XGHA:ADB Agricultural Development Bank Ltd XGHA:ADB
64 GF Score
Price GHS5.30
GF Value GHS3.97
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Agricultural Development Bank E10?

Agricultural Development Bank XGHA:ADB 64 E10 is GHS0.76 as of Mar. 2026. GuruFocus rates XGHA:ADB with a GF Score™ of 64/100 and a GF Value™ of GHS3.97 (Significantly Overvalued). The stock has 5 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.

Agricultural Development Bank's adjusted earnings per share data for the three months ended in Mar. 2026 was GHS0.001. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is GHS0.76 for the trailing ten years ended in Mar. 2026.

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 (2026-06-27), Agricultural Development Bank's current stock price is GHS5.30. Agricultural Development Bank's E10 for the quarter that ended in Mar. 2026 was GHS0.76. Agricultural Development Bank's Shiller PE Ratio of today is 6.97.

During the past 11 years, the highest Shiller PE Ratio of Agricultural Development Bank was 6.97. The lowest was 6.57. And the median was 6.57.


Agricultural Development Bank  (XGHA:ADB) 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.

Agricultural Development Bank's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=5.30/0.76
=6.97

* 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 11 years, the highest Shiller P/E Ratio of Agricultural Development Bank was 6.97. The lowest was 6.57. And the median was 6.57.


Be Aware

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


Agricultural Development Bank E10 Related Terms


Agricultural Development Bank E10 Historical Data

* Premium members only.

The historical data trend for Agricultural Development 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.

Agricultural Development Bank E10 Chart

Agricultural Development 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 0.00 0.00 0.77

Agricultural Development 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 0.00 0.00 0.00 0.77 0.76

XGHA:ADB vs PNC: E10 Comparison

For the Banks - Regional subindustry, Agricultural Development 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.


Agricultural Development Bank Shiller PE Ratio vs Banks Industry

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

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


XGHA:ADB
64GF Score
Agricultural Development Bank Ltd XGHA:ADB
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Agricultural Development 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, Agricultural Development 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)
=0.001/330.2130*330.2130
=0.001

Current CPI (Mar. 2026) = 330.2130.

Agricultural Development Bank Quarterly Data

per share eps CPI Adj_EPS
201603 0.002 238.132 0.003
201606 0.000 241.018 0.000
201612 0.000 241.432 0.000
201703 5.891 243.801 7.979
201706 0.020 244.955 0.027
201709 -0.002 246.819 -0.003
201712 -0.035 246.524 -0.047
201803 0.019 249.554 0.025
201806 0.015 251.989 0.020
201809 0.027 252.439 0.035
201812 -0.051 251.233 -0.067
201903 0.034 254.202 0.044
201906 0.004 256.143 0.005
201909 0.004 256.759 0.005
201912 -0.022 256.974 -0.028
202003 0.015 258.115 0.019
202006 0.026 257.797 0.033
202009 0.032 260.280 0.041
202012 0.006 260.474 0.008
202103 0.039 264.877 0.049
202106 0.042 271.696 0.051
202109 0.050 274.310 0.060
202112 -0.009 278.802 -0.011
202203 0.021 287.504 0.024
202206 0.023 296.311 0.026
202209 0.002 296.808 0.002
202212 -0.454 296.797 -0.505
202303 0.030 301.836 0.033
202306 0.028 305.109 0.030
202309 -0.056 307.789 -0.060
202312 -0.914 306.746 -0.984
202403 0.001 312.332 0.001
202406 0.058 314.175 0.061
202409 0.035 315.301 0.037
202412 -0.046 315.605 -0.048
202503 0.000 319.799 0.000
202506 0.098 322.561 0.100
202509 0.031 324.800 0.032
202512 0.051 324.054 0.052
202603 0.001 330.213 0.001

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 GHS0.76 mean?
Agricultural Development Bank (XGHA:ADB) has a E10 of GHS0.76 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Agricultural Development Bank and its competitors.
Is Agricultural Development Bank's E10 too high?
Agricultural Development Bank's current E10 is GHS0.76. Overall, Agricultural Development Bank has a GF Score™ of 64/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Agricultural Development Bank's E10 compare to PNC?
Agricultural Development Bank's E10 of GHS0.76 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 Agricultural Development Bank and its competitors. Agricultural Development Bank's current E10 is GHS0.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Agricultural Development Bank stock overvalued right now?
Based on GuruFocus' analysis, Agricultural Development Bank (XGHA:ADB) is currently considered Significantly Overvalued. The stock's GF Value™ is GHS3.97, compared to a current price of GHS5.30 — trading 33.5% above its estimated fair value. The current E10 is GHS0.76. Agricultural Development Bank's overall GF Score™ is 64/100 with 5 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 Agricultural Development Bank (XGHA:ADB), the current E10 is GHS0.76 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 Agricultural Development Bank (XGHA:ADB) Overvalued in 2026?

Based on GuruFocus' analysis, Agricultural Development Bank stock appears to be overvalued. The current stock price of GHS5.30 is trading 33.5% above its estimated GF Value™ of GHS3.97. GuruFocus considers Agricultural Development Bank to be Significantly Overvalued.

Key valuation signals for XGHA:ADB:

  • E10: GHS0.76
  • GF Value™: GHS3.97 vs. price of GHS5.30 (33.5% above fair value)
  • GF Score™: 64/100 with 5 warning signs

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


Agricultural Development Bank Business Description

Address Accra Financial Centre, P.O. Box 4191, Ridge-Accra, 3rd Ambassadorial Development Area, Accra, GHA
Agricultural Development Bank Ltd is a universal bank offering a full range of banking products and services in Consumer, Corporate, Parastatals/Public Sector, SME, Agribusiness, Trade and E-Banking services. Its business focus is universal banking with a developmental focus on Agriculture and more. The company's operating segment includes Corporate Banking, Retail Banking, and Central Treasury. The majority of revenue is derived from the Retail Banking segment, which focuses on high-volume, standardized financial products and services such as loans and advances, deposits and other transactions with retail customers. Geographically, all revenues are generated in Ghana.
64GF Score

Get the complete analysis for XGHA:ADB

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

GHS5.30
Price
GHS3.97
GF Value