Excel Development Bank (XNEP:EDBL) E10: NPR15.89 (As of Jan. 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

XNEP:EDBL Excel Development Bank Ltd XNEP:EDBL
53 GF Score
Price NPR579.00
GF Value NPR380.42
Valuation Significantly Overvalued
! 1 Warning Sign
View Full Analysis

What is Excel Development Bank E10?

Excel Development Bank XNEP:EDBL -0.17% 53 E10 is NPR15.89 as of Jan. 2026. GuruFocus rates XNEP:EDBL with a GF Score™ of 53/100 and a GF Value™ of NPR380.42 (Significantly Overvalued). The stock has 1 warning sign 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.

Excel Development Bank's adjusted earnings per share data for the three months ended in Jan. 2026 was NPR14.270. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is NPR15.89 for the trailing ten years ended in Jan. 2026.

During the past 12 months, Excel Development Bank's average E10 Growth Rate was -4.90% 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 (2026-07-29), Excel Development Bank's current stock price is NPR579.00. Excel Development Bank's E10 for the quarter that ended in Jan. 2026 was NPR15.89. Excel Development Bank's Shiller PE Ratio of today is 36.44.

During the past 13 years, the highest Shiller PE Ratio of Excel Development Bank was 47.59. The lowest was 13.68. And the median was 34.33.


Excel Development Bank  (XNEP:EDBL) 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.

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

Shiller PE Ratio=Share Price/E10
=579.00/15.89
=36.44

* 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 Excel Development Bank was 47.59. The lowest was 13.68. And the median was 34.33.


Be Aware

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


Excel Development Bank E10 Related Terms


Excel Development Bank E10 Historical Data

* Premium members only.

The historical data trend for Excel 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.

Excel Development Bank E10 Chart

Excel Development Bank Annual Data
Trend Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23 Jul24 Jul25
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 19.73 17.96 16.43

Excel Development Bank Quarterly Data
Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Jul25 Oct25 Jan26
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 16.71 16.37 16.43 15.03 15.89

Excel Development Bank E10 Competitor Comparison

For the Banks - Regional subindustry, Excel 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.


Excel Development Bank Shiller PE Ratio vs Banks Industry

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

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


XNEP:EDBL
53GF Score
Excel Development Bank Ltd XNEP:EDBL
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Excel 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, Excel Development Bank's adjusted earnings per share data for the three months ended in Jan. 2026 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Jan. 2026 (Change)*Current CPI (Jan. 2026)
=14.27/325.2520*325.2520
=14.270

Current CPI (Jan. 2026) = 325.2520.

Excel Development Bank Quarterly Data

per share eps CPI Adj_EPS
201601 5.648 236.916 7.754
201604 5.019 239.261 6.823
201607 6.039 240.628 8.163
201610 4.230 241.729 5.692
201701 7.039 242.839 9.428
201704 6.589 244.524 8.764
201707 4.078 244.786 5.419
201710 3.850 246.663 5.077
201801 5.319 247.867 6.980
201804 4.395 250.546 5.705
201807 6.345 252.006 8.189
201810 4.296 252.885 5.525
201901 5.511 251.712 7.121
201904 3.787 255.548 4.820
201907 6.421 256.571 8.140
201910 5.799 257.346 7.329
202001 6.423 257.971 8.098
202004 -1.997 256.389 -2.533
202007 1.776 259.101 2.229
202010 5.726 260.388 7.152
202101 4.352 261.582 5.411
202104 1.868 267.054 2.275
202107 1.959 273.003 2.334
202110 1.857 276.589 2.184
202201 2.915 281.148 3.372
202204 5.969 289.109 6.715
202207 -0.817 296.276 -0.897
202210 1.901 298.012 2.075
202301 0.119 299.170 0.129
202304 1.884 303.363 2.020
202307 0.501 305.691 0.533
202310 -11.125 307.671 -11.761
202401 5.528 308.417 5.830
202404 1.297 313.548 1.345
202407 7.781 314.540 8.046
202410 -9.844 315.664 -10.143
202501 2.599 317.671 2.661
202507 3.784 323.048 3.810
202510 -7.186 0.000
202601 14.270 325.252 14.270

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 NPR15.89 mean?
Excel Development Bank (XNEP:EDBL) has a E10 of NPR15.89 as of Jan. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Excel Development Bank and its competitors.
Is Excel Development Bank's E10 too high?
Excel Development Bank's current E10 is NPR15.89. Overall, Excel Development Bank has a GF Score™ of 53/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Excel Development Bank's E10 compare to competitors?
Excel Development Bank's E10 of NPR15.89 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 Excel Development Bank and its competitors. Excel Development Bank's current E10 is NPR15.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Excel Development Bank stock overvalued right now?
Based on GuruFocus' analysis, Excel Development Bank (XNEP:EDBL) is currently considered Significantly Overvalued. The stock's GF Value™ is NPR380.42, compared to a current price of NPR579.00 — trading 52.2% above its estimated fair value. The current E10 is NPR15.89. Excel Development Bank's overall GF Score™ is 53/100 with 1 warning sign 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 Excel Development Bank (XNEP:EDBL), the current E10 is NPR15.89 as of Jan. 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 Excel Development Bank (XNEP:EDBL) Overvalued in 2026?

Based on GuruFocus' analysis, Excel Development Bank stock appears to be overvalued. The current stock price of NPR579.00 is trading 52.2% above its estimated GF Value™ of NPR380.42. GuruFocus considers Excel Development Bank to be Significantly Overvalued.

Key valuation signals for XNEP:EDBL:

  • E10: NPR15.89
  • GF Value™: NPR380.42 vs. price of NPR579.00 (52.2% above fair value)
  • GF Score™: 53/100 with 1 warning sign

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


Excel Development Bank Business Description

Address Bhadrapur Road, Mukti Chowk, Ward No. 4, Birtamode Municipality, Birtamode, Jhapa, NPL
Excel Development Bank Ltd is a banking company. It offers savings accounts, fixed deposits, current accounts, loans, and other services. The bank provides services to g individuals, corporates, large public sector companies, government corporations, etc.
53GF Score

Get the complete analysis for XNEP:EDBL

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

NPR579.00
Price
NPR380.42
GF Value