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GCB Bank (XGHA:GCB) E10 : GHS2.74 (As of Dec. 2024)


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What is GCB Bank 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.

GCB Bank's adjusted earnings per share data for the three months ended in Dec. 2024 was GHS2.277. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is GHS2.74 for the trailing ten years ended in Dec. 2024.

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 (2025-04-08), GCB Bank's current stock price is GHS7.10. GCB Bank's E10 for the quarter that ended in Dec. 2024 was GHS2.74. GCB Bank's Shiller PE Ratio of today is 2.59.

During the past 13 years, the highest Shiller PE Ratio of GCB Bank was 2.59. The lowest was 1.45. And the median was 2.32.


GCB Bank E10 Historical Data

The historical data trend for GCB 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.

* Premium members only.

GCB Bank E10 Chart

GCB Bank Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 2.74

GCB Bank 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 - 2.60 2.61 2.57 2.74

Competitive Comparison of GCB Bank's E10

For the Banks - Regional subindustry, GCB 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.


GCB Bank's Shiller PE Ratio Distribution in the Banks Industry

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

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


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GCB 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, GCB Bank'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)
=2.277/133.1571*133.1571
=2.277

Current CPI (Dec. 2024) = 133.1571.

GCB Bank Quarterly Data

per share eps CPI Adj_EPS
201409 0.330 100.428 0.438
201412 0.292 99.070 0.392
201506 0.000 100.684 0.000
201509 0.062 100.392 0.082
201512 0.329 99.792 0.439
201606 0.000 101.688 0.000
201609 0.383 101.861 0.501
201612 0.110 101.863 0.144
201703 1.010 102.862 1.307
201706 0.147 103.349 0.189
201709 0.105 104.136 0.134
201712 0.381 104.011 0.488
201803 0.580 105.290 0.734
201806 0.187 106.317 0.234
201809 0.261 106.507 0.326
201812 0.640 105.998 0.804
201903 1.000 107.251 1.242
201906 0.248 108.070 0.306
201909 0.364 108.329 0.447
201912 0.756 108.420 0.928
202003 1.410 108.902 1.724
202006 0.354 108.767 0.433
202009 0.380 109.815 0.461
202012 0.596 109.897 0.722
202103 0.515 111.754 0.614
202106 0.375 114.631 0.436
202109 0.470 115.734 0.541
202112 0.799 117.630 0.904
202203 0.582 121.301 0.639
202206 0.598 125.017 0.637
202209 0.567 125.227 0.603
202212 -3.987 125.222 -4.240
202303 2.810 127.348 2.938
202306 0.525 128.729 0.543
202309 0.798 129.860 0.818
202312 1.784 129.419 1.836
202403 3.620 131.776 3.658
202406 0.668 132.554 0.671
202409 0.681 133.029 0.682
202412 2.277 133.157 2.277

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


GCB Bank  (XGHA:GCB) 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.

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

Shiller PE Ratio=Share Price/E10
=7.10/2.74
=2.59

* 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 GCB Bank was 2.59. The lowest was 1.45. And the median was 2.32.


Be Aware

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


GCB Bank E10 Related Terms

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


GCB Bank Business Description

Traded in Other Exchanges
N/A
Address
Thorpe Road, High Street, P.O. Box 134, GCB Bank Building, Accra, GHA
GCB Bank Ltd operates as a commercial bank in Ghana. The group's operating segments are Retail banking; Corporate banking; Treasury; and Commercial banking. It derives key revenue from the Retail banking segment. The bank offers various products and services including international money transfer, overdraft facilities, bulk cash collection, trade finance, payroll solutions, business advice, internet banking, and others. Geographically, it derives a majority of its revenue from Ghana.

GCB Bank Headlines

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