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Banco Comercial Portugues (XLIS:BCP) E10 : €0.07 (As of Sep. 2024)


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What is Banco Comercial Portugues 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.

Banco Comercial Portugues's adjusted earnings per share data for the three months ended in Sep. 2024 was €0.016. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €0.07 for the trailing ten years ended in Sep. 2024.

During the past 12 months, Banco Comercial Portugues's average E10 Growth Rate was 75.00% 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 Banco Comercial Portugues was -3.00% per year. The lowest was -3.00% per year. And the median was -3.00% per year.

As of today (2024-12-11), Banco Comercial Portugues's current stock price is €0.4371. Banco Comercial Portugues's E10 for the quarter that ended in Sep. 2024 was €0.07. Banco Comercial Portugues's Shiller PE Ratio of today is 6.24.

During the past 13 years, the highest Shiller PE Ratio of Banco Comercial Portugues was 22.36. The lowest was 5.07. And the median was 6.25.


Banco Comercial Portugues E10 Historical Data

The historical data trend for Banco Comercial Portugues'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.

Banco Comercial Portugues E10 Chart

Banco Comercial Portugues Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.43 -0.48 -0.47 0.01 0.05

Banco Comercial Portugues Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 0.04 0.05 0.06 0.07 0.07

Competitive Comparison of Banco Comercial Portugues's E10

For the Banks - Regional subindustry, Banco Comercial Portugues'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.


Banco Comercial Portugues's Shiller PE Ratio Distribution in the Banks Industry

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

* The bar in red indicates where Banco Comercial Portugues's Shiller PE Ratio falls into.



Banco Comercial Portugues 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, Banco Comercial Portugues's adjusted earnings per share data for the three months ended in Sep. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Sep. 2024 (Change)*Current CPI (Sep. 2024)
=0.016/121.5743*121.5743
=0.016

Current CPI (Sep. 2024) = 121.5743.

Banco Comercial Portugues Quarterly Data

per share eps CPI Adj_EPS
201412 -0.013 99.723 -0.016
201503 0.065 100.097 0.079
201506 0.037 100.769 0.045
201509 0.005 100.489 0.006
201512 -0.006 100.119 -0.007
201603 0.156 100.547 0.189
201606 -0.054 101.319 -0.065
201609 -0.012 101.122 -0.014
201612 0.050 100.998 0.060
201703 0.021 101.924 0.025
201706 0.003 102.240 0.004
201709 0.003 102.527 0.004
201712 0.000 102.479 0.000
201803 0.023 102.626 0.027
201806 0.004 103.790 0.005
201809 0.007 103.960 0.008
201812 -0.003 103.159 -0.004
201903 0.042 103.495 0.049
201906 0.001 104.192 0.001
201909 0.007 103.844 0.008
201912 -0.004 103.592 -0.005
202003 0.007 103.544 0.008
202006 0.003 104.323 0.003
202009 0.005 103.699 0.006
202012 -0.001 103.354 -0.001
202103 0.013 104.014 0.015
202106 -0.003 104.852 -0.003
202109 0.003 105.232 0.003
202112 0.004 106.191 0.005
202203 0.027 109.559 0.030
202206 -0.003 114.003 -0.003
202209 0.002 114.999 0.002
202212 0.005 116.377 0.005
202303 0.056 117.701 0.058
202306 0.014 117.872 0.014
202309 0.015 119.111 0.015
202312 0.011 118.032 0.011
202403 0.061 120.396 0.062
202406 0.017 121.165 0.017
202409 0.016 121.574 0.016

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


Banco Comercial Portugues  (XLIS:BCP) 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.

Banco Comercial Portugues's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=0.4371/0.07
=6.24

* 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 Banco Comercial Portugues was 22.36. The lowest was 5.07. And the median was 6.25.


Be Aware

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


Banco Comercial Portugues E10 Related Terms

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


Banco Comercial Portugues Business Description

Traded in Other Exchanges
Address
Praca D. Joao I, 28, Porto, PRT, 4000-295
Banco Comercial Portugues SA or Millennium BCP, is a Portuguese bank operating in Portugal, as well as Poland, Mozambique, and Angola. The bank offers a wide range of retail and corporate banking products and services. The bank's distribution network includes traditional branches, as well as online banking, call centers, mobile banking, ATMs, and point of sale systems. In addition to its emphasis on financial technology, BCP's business model has shifted focus to high-net worth individuals, business lending with growth potential, as well as divestiture of noncore assets in its portfolio. The bank's net revenue is mostly net interest income, with notable net commission and net trading income. Most of BCP's earning assets are loans split nearly evenly between retail and corporate.

Banco Comercial Portugues Headlines

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