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Oversea-Chinese Banking (SGX:O39) Shiller PE Ratio : 9.67 (As of May. 29, 2024)


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What is Oversea-Chinese Banking Shiller PE Ratio?

As of today (2024-05-29), Oversea-Chinese Banking's current share price is S$14.50. Oversea-Chinese Banking's E10 for the quarter that ended in Mar. 2024 was S$1.50. Oversea-Chinese Banking's Shiller PE Ratio for today is 9.67.

The historical rank and industry rank for Oversea-Chinese Banking's Shiller PE Ratio or its related term are showing as below:

SGX:O39' s Shiller PE Ratio Range Over the Past 10 Years
Min: 8.51   Med: 10.87   Max: 13.2
Current: 9.64

During the past years, Oversea-Chinese Banking's highest Shiller PE Ratio was 13.20. The lowest was 8.51. And the median was 10.87.

SGX:O39's Shiller PE Ratio is ranked better than
54.47% of 1142 companies
in the Banks industry
Industry Median: 10.15 vs SGX:O39: 9.64

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

Oversea-Chinese Banking's adjusted earnings per share data for the three months ended in Mar. 2024 was S$1.760. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is S$1.50 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Oversea-Chinese Banking Shiller PE Ratio Historical Data

The historical data trend for Oversea-Chinese Banking's Shiller PE Ratio 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.

Oversea-Chinese Banking Shiller PE Ratio Chart

Oversea-Chinese Banking Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Shiller PE Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.24 10.26 10.51 10.82 9.77

Oversea-Chinese Banking Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Shiller PE Ratio 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 9.61 9.31 9.49 9.77 9.01

Competitive Comparison of Oversea-Chinese Banking's Shiller PE Ratio

For the Banks - Regional subindustry, Oversea-Chinese Banking'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.


Oversea-Chinese Banking's Shiller PE Ratio Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Oversea-Chinese Banking's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Oversea-Chinese Banking's Shiller PE Ratio falls into.



Oversea-Chinese Banking Shiller PE Ratio Calculation

For Shiller PE Ratio, 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 PE Ratio is also called PE10.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

Oversea-Chinese Banking's Shiller PE Ratio for today is calculated as

Shiller PE Ratio=Share Price/ E10
=14.50/1.5
=9.67

* 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.

Oversea-Chinese Banking's E10 for the quarter that ended in Mar. 2024 is calculated as:

For example, Oversea-Chinese Banking'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)
=1.76/131.7762*131.7762
=1.760

Current CPI (Mar. 2024) = 131.7762.

Oversea-Chinese Banking Quarterly Data

Earnings per Share (Diluted) CPI Adj_EPS
201406 0.252 100.560 0.330
201409 0.343 100.428 0.450
201412 0.174 99.070 0.231
201503 0.249 99.621 0.329
201506 0.255 100.684 0.334
201509 0.222 100.392 0.291
201512 0.226 99.792 0.298
201603 0.206 100.470 0.270
201606 0.210 101.688 0.272
201609 0.223 101.861 0.288
201612 0.184 101.863 0.238
201703 0.203 102.862 0.260
201706 0.244 103.349 0.311
201709 0.262 104.136 0.332
201712 0.241 104.011 0.305
201803 0.263 105.290 0.329
201806 0.288 106.317 0.357
201809 0.295 106.507 0.365
201812 0.217 105.998 0.270
201903 0.291 107.251 0.358
201906 0.287 108.070 0.350
201909 0.271 108.329 0.330
201912 0.282 108.420 0.343
202003 0.159 108.902 0.192
202006 0.166 108.767 0.201
202009 0.233 109.815 0.280
202012 0.253 109.897 0.303
202103 0.336 111.754 0.396
202106 0.257 114.631 0.295
202109 0.308 115.734 0.351
202112 0.055 117.630 0.062
202203 0.302 121.301 0.328
202206 0.275 125.017 0.290
202209 0.407 125.227 0.428
202212 0.121 125.222 0.127
202303 1.680 127.348 1.738
202306 0.380 128.729 0.389
202309 0.474 129.860 0.481
202312 0.110 129.419 0.112
202403 1.760 131.776 1.760

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


Oversea-Chinese Banking  (SGX:O39) Shiller PE Ratio Explanation

Compared with the regular PE Ratio, which works poorly for cyclical businesses, the Shiller PE Ratio smoothed out the fluctuations of profit margins during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Shiller PE Ratio should give similar results to regular PE Ratio.

Compared with the PS Ratio, the Shiller PE Ratio makes the comparison between different industries more meaningful.


Be Aware

Shiller PE Ratio assumes that over the long term, businesses and profitability revert to their means. If a company's business model does not work in the future compared with the past, Shiller PE Ratio and PS Ratio will give false valuations.


Oversea-Chinese Banking Shiller PE Ratio Related Terms

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Oversea-Chinese Banking (SGX:O39) Business Description

Traded in Other Exchanges
Address
63 Chulia Street, No. 10-00 OCBC Centre East, Singapore, SGP, 049514
Oversea-Chinese Banking, or OCBC, is the longest-established Singapore bank, founded by the merger of three local banks in 1932. The group's operations include consumer banking; wealth management and private banking (offering through its Bank of Singapore subsidiary); small to midsize enterprise and business banking; corporate and institutional banking; and insurance through majority owned Great Eastern.

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