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Societe Generale Ghana (XGHA:SOGEGH) E10 : GHS0.35 (As of Mar. 2024)


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What is Societe Generale Ghana 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.

Societe Generale Ghana's adjusted earnings per share data for the three months ended in Mar. 2024 was GHS0.530. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is GHS0.35 for the trailing ten years ended in Mar. 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 (2024-06-06), Societe Generale Ghana's current stock price is GHS1.54. Societe Generale Ghana's E10 for the quarter that ended in Mar. 2024 was GHS0.35. Societe Generale Ghana's Shiller PE Ratio of today is 4.40.

During the past 13 years, the highest Shiller PE Ratio of Societe Generale Ghana was 4.49. The lowest was 4.37. And the median was 4.49.


Societe Generale Ghana E10 Historical Data

The historical data trend for Societe Generale Ghana'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.

Societe Generale Ghana E10 Chart

Societe Generale Ghana Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
E10
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Societe Generale Ghana Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 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 - - - - 0.35

Competitive Comparison of Societe Generale Ghana's E10

For the Banks - Regional subindustry, Societe Generale Ghana'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.


Societe Generale Ghana's Shiller PE Ratio Distribution in the Banks Industry

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

* The bar in red indicates where Societe Generale Ghana's Shiller PE Ratio falls into.



Societe Generale Ghana 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, Societe Generale Ghana'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)
=0.53/131.7762*131.7762
=0.530

Current CPI (Mar. 2024) = 131.7762.

Societe Generale Ghana Quarterly Data

per share eps CPI Adj_EPS
201112 -0.448 95.213 -0.620
201212 0.088 96.871 0.120
201303 0.016 98.209 0.021
201312 0.106 98.326 0.142
201403 0.015 99.695 0.020
201412 0.145 99.070 0.193
201503 0.026 99.621 0.034
201512 0.063 99.792 0.083
201603 0.030 100.470 0.039
201606 0.024 101.688 0.031
201612 0.095 101.863 0.123
201703 0.337 102.862 0.432
201706 0.009 103.349 0.011
201709 0.020 104.136 0.025
201712 0.096 104.011 0.122
201803 0.200 105.290 0.250
201806 0.024 106.317 0.030
201809 0.032 106.507 0.040
201812 0.015 105.998 0.019
201903 0.020 107.251 0.025
201906 0.050 108.070 0.061
201909 0.049 108.329 0.060
201912 0.065 108.420 0.079
202003 0.053 108.902 0.064
202006 0.040 108.767 0.048
202009 0.039 109.815 0.047
202012 0.086 109.897 0.103
202103 0.050 111.754 0.059
202106 0.046 114.631 0.053
202109 0.105 115.734 0.120
202112 0.060 117.630 0.067
202203 0.045 121.301 0.049
202206 0.113 125.017 0.119
202209 0.052 125.227 0.055
202212 -0.056 125.222 -0.059
202303 0.410 127.348 0.424
202306 0.120 128.729 0.123
202309 0.161 129.860 0.163
202312 0.215 129.419 0.219
202403 0.530 131.776 0.530

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


Societe Generale Ghana  (XGHA:SOGEGH) 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.

Societe Generale Ghana's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=1.54/0.35
=4.40

* 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 Societe Generale Ghana was 4.49. The lowest was 4.37. And the median was 4.49.


Be Aware

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


Societe Generale Ghana E10 Related Terms

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


Societe Generale Ghana (XGHA:SOGEGH) Business Description

Traded in Other Exchanges
N/A
Address
2nd Crescent, Royalt Castle Road, P. O. Box: 13119, Ring Road Central, Accra, GHA
Societe Generale Ghana PLC is a financial institution that provides retail banking, corporate banking, investment banking, and other financial intermediary financial services to individuals and corporate. Its business lines include Retail Banking, Corporate Banking, and Treasury. The retail banking unit serves the needs of individuals, high net worth clients, and institutional clients. Corporate banking is responsible for providing loans and other credit facilities, as well as mobilizing deposits. The Treasury unit undertakes the bank's funding activities.

Societe Generale Ghana (XGHA:SOGEGH) Headlines

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