GCB Bank (XGHA:GCB) E10: GHS3.16 (As of Dec. 2025)


XGHA:GCB GCB Bank Ltd XGHA:GCB
70 GF Score
Price GHS39.00
GF Value GHS10.18
Valuation Significantly Overvalued
! 2 Warning Signs
View Full Analysis

What is GCB Bank E10?

GCB Bank XGHA:GCB 70 E10 is GHS3.16 as of Dec. 2025. GuruFocus rates XGHA:GCB with a GF Score™ of 70/100 and a GF Value™ of GHS10.18 (Significantly Overvalued). The stock has 2 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.

GCB Bank's adjusted earnings per share data for the three months ended in Dec. 2025 was GHS2.880. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is GHS3.16 for the trailing ten years ended in Dec. 2025.

During the past 12 months, GCB Bank's average E10 Growth Rate was 29.00% 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.

As of today (2026-06-27), GCB Bank's current stock price is GHS39.00. GCB Bank's E10 for the quarter that ended in Dec. 2025 was GHS3.16. GCB Bank's Shiller PE Ratio of today is 12.34.

During the past 13 years, the highest Shiller PE Ratio of GCB Bank was 16.46. The lowest was 2.44. And the median was 3.44.


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
=39.00/3.16
=12.34

* 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 16.46. The lowest was 2.44. And the median was 3.44.


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


GCB Bank E10 Historical Data

* Premium members only.

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.

GCB Bank E10 Chart

GCB 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 2.45 3.16

GCB Bank Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
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 2.45 2.57 2.75 2.88 3.16

XGHA:GCB vs PNC: E10 Comparison

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 Shiller PE Ratio vs 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.


XGHA:GCB
70GF Score
GCB Bank Ltd XGHA:GCB
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

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. 2025 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=2.88/324.0540*324.0540
=2.880

Current CPI (Dec. 2025) = 324.0540.

GCB Bank Quarterly Data

per share eps CPI Adj_EPS
201512 0.329 236.525 0.451
201606 0.000 241.018 0.000
201609 0.383 241.428 0.514
201612 0.110 241.432 0.148
201703 1.010 243.801 1.342
201706 0.147 244.955 0.194
201709 0.105 246.819 0.138
201712 0.381 246.524 0.501
201803 0.580 249.554 0.753
201806 0.187 251.989 0.240
201809 0.261 252.439 0.335
201812 0.640 251.233 0.826
201903 1.000 254.202 1.275
201906 0.248 256.143 0.314
201909 0.364 256.759 0.459
201912 0.756 256.974 0.953
202003 1.410 258.115 1.770
202006 0.354 257.797 0.445
202009 0.380 260.280 0.473
202012 0.596 260.474 0.741
202103 0.515 264.877 0.630
202106 0.375 271.696 0.447
202109 0.470 274.310 0.555
202112 0.799 278.802 0.929
202203 0.582 287.504 0.656
202206 0.598 296.311 0.654
202209 0.567 296.808 0.619
202212 -3.987 296.797 -4.353
202303 2.810 301.836 3.017
202306 0.525 305.109 0.558
202309 0.798 307.789 0.840
202312 1.784 306.746 1.885
202403 0.906 312.332 0.940
202406 0.668 314.175 0.689
202409 0.681 315.301 0.700
202412 2.277 315.605 2.338
202503 1.271 319.799 1.288
202506 1.894 322.561 1.903
202509 1.731 324.800 1.727
202512 2.880 324.054 2.880

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 GHS3.16 mean?
GCB Bank (XGHA:GCB) has a E10 of GHS3.16 as of Dec. 2025. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on GCB Bank and its competitors.
Is GCB Bank's E10 too high?
GCB Bank's current E10 is GHS3.16. Overall, GCB Bank has a GF Score™ of 70/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does GCB Bank's E10 compare to PNC?
GCB Bank's E10 of GHS3.16 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 GCB Bank and its competitors. GCB Bank's current E10 is GHS3.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is GCB Bank stock overvalued right now?
Based on GuruFocus' analysis, GCB Bank (XGHA:GCB) is currently considered Significantly Overvalued. The stock's GF Value™ is GHS10.18, compared to a current price of GHS39.00 — trading 283.1% above its estimated fair value. The current E10 is GHS3.16. GCB Bank's overall GF Score™ is 70/100 with 2 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 GCB Bank (XGHA:GCB), the current E10 is GHS3.16 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 GCB Bank (XGHA:GCB) Overvalued in 2026?

Based on GuruFocus' analysis, GCB Bank stock appears to be overvalued. The current stock price of GHS39.00 is trading 283.1% above its estimated GF Value™ of GHS10.18. GuruFocus considers GCB Bank to be Significantly Overvalued.

Key valuation signals for XGHA:GCB:

  • E10: GHS3.16
  • GF Value™: GHS10.18 vs. price of GHS39.00 (283.1% above fair value)
  • GF Score™: 70/100 with 2 warning signs

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


GCB Bank Business Description

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.
70GF Score

Get the complete analysis for XGHA:GCB

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

GHS39.00
Price
GHS10.18
GF Value