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Credicorp (LIM:BAP) Shiller PE Ratio : 12.03 (As of May. 02, 2024)


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What is Credicorp Shiller PE Ratio?

As of today (2024-05-02), Credicorp's current share price is $166.15. Credicorp's E10 for the quarter that ended in Dec. 2023 was $13.81. Credicorp's Shiller PE Ratio for today is 12.03.

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

LIM:BAP' s Shiller PE Ratio Range Over the Past 10 Years
Min: 8.84   Med: 22.05   Max: 35.94
Current: 11.9

During the past years, Credicorp's highest Shiller PE Ratio was 35.94. The lowest was 8.84. And the median was 22.05.

LIM:BAP's Shiller PE Ratio is ranked worse than
63.93% of 1134 companies
in the Banks industry
Industry Median: 10.285 vs LIM:BAP: 11.90

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.

Credicorp's adjusted earnings per share data for the three months ended in Dec. 2023 was $2.819. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $13.81 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Credicorp Shiller PE Ratio Historical Data

The historical data trend for Credicorp'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.

Credicorp Shiller PE Ratio Chart

Credicorp 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 20.95 16.79 11.02 10.88 10.82

Credicorp Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 10.88 10.23 10.95 9.27 10.82

Competitive Comparison of Credicorp's Shiller PE Ratio

For the Banks - Regional subindustry, Credicorp'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.


Credicorp's Shiller PE Ratio Distribution in the Banks Industry

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

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



Credicorp 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.

Credicorp's Shiller PE Ratio for today is calculated as

Shiller PE Ratio=Share Price/ E10
=166.15/13.81
=12.03

* 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.

Credicorp's E10 for the quarter that ended in Dec. 2023 is calculated as:

For example, Credicorp's adjusted earnings per share data for the three months ended in Dec. 2023 was:

Adj_EPS=Earnings per Share (Diluted)/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=2.819/129.4194*129.4194
=2.819

Current CPI (Dec. 2023) = 129.4194.

Credicorp Quarterly Data

Earnings per Share (Diluted) CPI Adj_EPS
201403 2.209 99.695 2.868
201406 1.951 100.560 2.511
201409 2.153 100.428 2.775
201412 1.653 99.070 2.159
201503 2.686 99.621 3.489
201506 2.499 100.684 3.212
201509 2.694 100.392 3.473
201512 2.441 99.792 3.166
201603 2.656 100.470 3.421
201606 2.917 101.688 3.712
201609 3.170 101.861 4.028
201612 2.986 101.863 3.794
201703 2.968 102.862 3.734
201706 3.072 103.349 3.847
201709 4.064 104.136 5.051
201712 3.551 104.011 4.418
201803 3.463 105.290 4.257
201806 3.263 106.317 3.972
201809 3.375 106.507 4.101
201812 3.204 105.998 3.912
201903 3.684 107.251 4.445
201906 3.666 108.070 4.390
201909 3.647 108.329 4.357
201912 3.246 108.420 3.875
202003 0.698 108.902 0.830
202006 -2.080 108.767 -2.475
202009 0.351 109.815 0.414
202012 2.188 109.897 2.577
202103 3.793 111.754 4.393
202106 2.341 114.631 2.643
202109 3.895 115.734 4.356
202112 3.540 117.630 3.895
202203 3.922 121.301 4.184
202206 3.825 125.017 3.960
202209 4.427 125.227 4.575
202212 3.588 125.222 3.708
202303 4.635 127.348 4.710
202306 4.689 128.729 4.714
202309 4.144 129.860 4.130
202312 2.819 129.419 2.819

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.


Credicorp  (LIM:BAP) 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.


Credicorp Shiller PE Ratio Related Terms

Thank you for viewing the detailed overview of Credicorp's Shiller PE Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Credicorp (LIM:BAP) Business Description

Traded in Other Exchanges
Address
Calle Centenario 156, La Molina, Lima, PER, 12
Credicorp Ltd is a financial services company in Peru. The company is involved mainly in commercial banking, providing trade finance, corporate finance, and leasing services. It also offers insurance for commercial property, transportation, automobile, life, health, and investment banking services: brokerage services, asset management, trust, custody and securitization services, trading and investment, and pension fund business. The company operates the following subsidiaries: Banco de Credito del Peru, Atlantic Security Bank, Prima AFP, El Pacifico-Peruano Suiza Compania de Seguros y Reaseguros, Credicorp Capital, and BCP Bolivia.