NMB Bank (XNEP:NMB) E10: NPR19.38 (As of Apr. 2026)


XNEP:NMB NMB Bank Ltd XNEP:NMB
78 GF Score
Price NPR239.20
GF Value NPR242.02
Valuation Fairly Valued
! 3 Warning Signs
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What is NMB Bank E10?

NMB Bank XNEP:NMB -0.75% 78 E10 is NPR19.38 as of Apr. 2026. GuruFocus rates XNEP:NMB with a GF Score™ of 78/100 and a GF Value™ of NPR242.02 (Fairly Valued). The stock has 3 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.

NMB Bank's adjusted earnings per share data for the three months ended in Apr. 2026 was NPR5.846. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is NPR19.38 for the trailing ten years ended in Apr. 2026.

During the past 12 months, NMB Bank's average E10 Growth Rate was 4.00% 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 (2026-07-06), NMB Bank's current stock price is NPR239.20. NMB Bank's E10 for the quarter that ended in Apr. 2026 was NPR19.38. NMB Bank's Shiller PE Ratio of today is 12.34.

During the past 11 years, the highest Shiller PE Ratio of NMB Bank was 14.03. The lowest was 11.89. And the median was 12.60.


NMB Bank  (XNEP:NMB) 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.

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

Shiller PE Ratio=Share Price/E10
=239.20/19.38
=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 11 years, the highest Shiller P/E Ratio of NMB Bank was 14.03. The lowest was 11.89. And the median was 12.60.


Be Aware

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


NMB Bank E10 Related Terms


NMB Bank E10 Historical Data

* Premium members only.

The historical data trend for NMB 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.

NMB Bank E10 Chart

NMB 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 0.00 0.00 18.82

NMB Bank Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
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 18.63 18.82 18.95 18.90 19.38

NMB Bank E10 Competitor Comparison

For the Banks - Regional subindustry, NMB 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.


NMB Bank Shiller PE Ratio vs Banks Industry

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

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


XNEP:NMB
78GF Score
NMB Bank Ltd XNEP:NMB
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

NMB 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, NMB Bank's adjusted earnings per share data for the three months ended in Apr. 2026 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Apr. 2026 (Change)*Current CPI (Apr. 2026)
=5.846/333.0200*333.0200
=5.846

Current CPI (Apr. 2026) = 333.0200.

NMB Bank Quarterly Data

per share eps CPI Adj_EPS
201607 3.868 240.628 5.353
201610 4.212 241.729 5.803
201701 3.873 242.839 5.311
201704 5.173 244.524 7.045
201707 2.899 244.786 3.944
201710 3.732 246.663 5.039
201801 3.963 247.867 5.324
201804 3.337 250.546 4.435
201807 3.157 252.006 4.172
201810 4.074 252.885 5.365
201901 3.711 251.712 4.910
201904 3.755 255.548 4.893
201907 4.096 256.571 5.316
201910 2.255 257.346 2.918
202001 5.638 257.971 7.278
202004 1.803 256.389 2.342
202007 2.001 259.101 2.572
202010 4.554 260.388 5.824
202101 4.989 261.582 6.351
202104 5.338 267.054 6.657
202107 1.107 273.003 1.350
202110 5.657 276.589 6.811
202201 3.803 281.148 4.505
202204 5.240 289.109 6.036
202207 3.179 296.276 3.573
202210 4.838 298.012 5.406
202301 10.171 299.170 11.322
202304 4.229 303.363 4.642
202307 2.675 305.691 2.914
202310 5.086 307.671 5.505
202401 2.073 308.417 2.238
202404 4.518 313.548 4.799
202407 -0.012 314.540 -0.013
202410 6.200 315.664 6.541
202501 4.522 317.671 4.740
202504 2.134 320.795 2.215
202507 5.203 323.048 5.364
202510 5.019 0.000
202601 3.955 325.252 4.049
202604 5.846 333.020 5.846

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 NPR19.38 mean?
NMB Bank (XNEP:NMB) has a E10 of NPR19.38 as of Apr. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on NMB Bank and its competitors.
Is NMB Bank's E10 too high?
NMB Bank's current E10 is NPR19.38. Overall, NMB Bank has a GF Score™ of 78/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does NMB Bank's E10 compare to competitors?
NMB Bank's E10 of NPR19.38 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 NMB Bank and its competitors. NMB Bank's current E10 is NPR19.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NMB Bank stock overvalued right now?
Based on GuruFocus' analysis, NMB Bank (XNEP:NMB) is currently considered Fairly Valued. The stock's GF Value™ is NPR242.02, compared to a current price of NPR239.20 — trading 1.2% below its estimated fair value. The current E10 is NPR19.38. NMB Bank's overall GF Score™ is 78/100 with 3 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 NMB Bank (XNEP:NMB), the current E10 is NPR19.38 as of Apr. 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 NMB Bank (XNEP:NMB) Overvalued in 2026?

Based on GuruFocus' analysis, NMB Bank stock appears to be undervalued. The current stock price of NPR239.20 is trading 1.2% below its estimated GF Value™ of NPR242.02. GuruFocus considers NMB Bank to be Fairly Valued.

Key valuation signals for XNEP:NMB:

  • E10: NPR19.38
  • GF Value™: NPR242.02 vs. price of NPR239.20 (1.2% below fair value)
  • GF Score™: 78/100 with 3 warning signs

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


NMB Bank Business Description

Address Babar Mahal, G.P.O. Box 11543, Khatmandu, NPL, 44600
NMB Bank Ltd provides banking products and services in Nepal. It carries out commercial banking activities, offering various banking-related products and services such as accounts and deposits, loans, cards, remittances, insurances, priority banking, locker facility, and others. Along with its subsidiaries, the company operates in the following segments: Retail Banking, SME, Corporate, Treasury, Deprived, and Others. Maximum revenue is derived from its Corporate segment, which serves a diverse range of clients, ranging from small to mid-sized local businesses with a few million in revenues to large conglomerates.
78GF Score

Get the complete analysis for XNEP:NMB

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

NPR239.20
Price
NPR242.02
GF Value