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Saudi National Bank (SAU:1180) E10 : ﷼3.05 (As of Mar. 2024)


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What is Saudi National Bank 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.

Saudi National Bank's adjusted earnings per share data for the three months ended in Mar. 2024 was ﷼0.820. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ﷼3.05 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 (2024-06-05), Saudi National Bank's current stock price is ﷼34.60. Saudi National Bank's E10 for the quarter that ended in Mar. 2024 was ﷼3.05. Saudi National Bank's Shiller PE Ratio of today is 11.34.

During the past 11 years, the highest Shiller PE Ratio of Saudi National Bank was 14.35. The lowest was 9.19. And the median was 11.82.


Saudi National Bank E10 Historical Data

The historical data trend for Saudi National 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.

* Premium members only.

Saudi National Bank E10 Chart

Saudi National Bank 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 - - - - 3.00

Saudi National Bank 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 - - 3.45 3.00 3.05

Competitive Comparison of Saudi National Bank's E10

For the Banks - Regional subindustry, Saudi National 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.


Saudi National Bank's Shiller PE Ratio Distribution in the Banks Industry

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

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



Saudi National 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, Saudi National Bank'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)
=0.82/131.7762*131.7762
=0.820

Current CPI (Mar. 2024) = 131.7762.

Saudi National Bank Quarterly Data

per share eps CPI Adj_EPS
201406 0.610 100.560 0.799
201409 0.470 100.428 0.617
201412 0.460 99.070 0.612
201503 0.655 99.621 0.866
201506 0.590 100.684 0.772
201509 0.500 100.392 0.656
201512 0.535 99.792 0.706
201603 0.660 100.470 0.866
201606 0.590 101.688 0.765
201609 0.470 101.861 0.608
201612 0.550 101.863 0.712
201703 0.655 102.862 0.839
201706 0.585 103.349 0.746
201709 0.510 104.136 0.645
201712 0.615 104.011 0.779
201803 0.728 105.290 0.911
201806 0.518 106.317 0.642
201809 0.510 106.507 0.631
201812 0.653 105.998 0.812
201903 0.668 107.251 0.821
201906 0.653 108.070 0.796
201909 0.615 108.329 0.748
201912 0.818 108.420 0.994
202003 0.683 108.902 0.826
202006 0.503 108.767 0.609
202009 0.758 109.815 0.910
202012 0.810 109.897 0.971
202103 0.825 111.754 0.973
202106 0.270 114.631 0.310
202109 0.668 115.734 0.761
202112 0.473 117.630 0.530
202203 0.735 121.301 0.798
202206 0.750 125.017 0.791
202209 0.760 125.227 0.800
202212 0.770 125.222 0.810
202303 0.800 127.348 0.828
202306 0.810 128.729 0.829
202309 0.800 129.860 0.812
202312 0.810 129.419 0.825
202403 0.820 131.776 0.820

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


Saudi National Bank  (SAU:1180) 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.

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

Shiller PE Ratio=Share Price/E10
=34.60/3.05
=11.34

* 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 Saudi National Bank was 14.35. The lowest was 9.19. And the median was 11.82.


Be Aware

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


Saudi National Bank E10 Related Terms

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


Saudi National Bank (SAU:1180) Business Description

Traded in Other Exchanges
N/A
Address
King Fahd Road, The Saudi National Bank Tower, King Abdullah Financial District, 3208 - Al Aqeeq District Unit No. 778, Riyadh, SAU, 13519 - 6676
Saudi National Bank is the largest financial institution in Saudi Arabia. It is engaged in the treasury and capital markets, asset management, brokerage, and investment banks. It has a presence in the Middle East, South Asia, and Turkey. Its operating segments include Retail Banking; Wholesale Banking; Capital Market; and International Banking. The majority of its revenue gets derived from the Retail segment.

Saudi National Bank (SAU:1180) Headlines

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