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Pinnacle Bank (Pinnacle Bank) E10 : $1.10 (As of Dec. 2023)


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What is Pinnacle 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.

Pinnacle Bank's adjusted earnings per share data for the fiscal year that ended in Dec. 2023 was $2.060. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $1.10 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Pinnacle Bank's average E10 Growth Rate was 1.90% 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 (2024-06-01), Pinnacle Bank's current stock price is $ 15.95. Pinnacle Bank's E10 for the fiscal year that ended in Dec. 2023 was $1.10. Pinnacle Bank's Shiller PE Ratio of today is 14.50.

During the past 11 years, the highest Shiller PE Ratio of Pinnacle Bank was 14.93. The lowest was 9.36. And the median was 12.73.


Pinnacle Bank E10 Historical Data

The historical data trend for Pinnacle 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.

Pinnacle Bank E10 Chart

Pinnacle 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 - - - 1.08 1.10

Pinnacle Bank Semi-Annual Data
Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
E10 Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only - - - 1.08 1.10

Competitive Comparison of Pinnacle Bank's E10

For the Banks - Regional subindustry, Pinnacle 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.


Pinnacle Bank's Shiller PE Ratio Distribution in the Banks Industry

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

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



Pinnacle 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, Pinnacle Bank's adjusted earnings per share data for the fiscal year that ended in Dec. 2023 was:

Adj_EPS=Earnings per Share (Diluted) /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=2.06/129.4194*129.4194
=2.060

Current CPI (Dec. 2023) = 129.4194.

Pinnacle Bank Annual Data

per_share_eps CPI Adj_EPS
201412 0.242 99.070 0.316
201512 0.264 99.792 0.342
201612 0.618 101.863 0.785
201712 0.650 104.011 0.809
201812 1.160 105.998 1.416
201912 1.060 108.420 1.265
202012 0.740 109.897 0.871
202112 1.420 117.630 1.562
202212 1.520 125.222 1.571
202312 2.060 129.419 2.060

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


Pinnacle Bank  (OTCPK:PBNK) 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.

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

Shiller PE Ratio=Share Price/E10
=15.95/1.1
=14.50

* 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 Pinnacle Bank was 14.93. The lowest was 9.36. And the median was 12.73.


Be Aware

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


Pinnacle Bank E10 Related Terms

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


Pinnacle Bank (Pinnacle Bank) Business Description

Traded in Other Exchanges
N/A
Address
7597 Monterey Street, Gilroy, CA, USA, 95020
Pinnacle Bank is a bank holding company. The bank offers a range of commercial and retail banking products and services, including checking, savings and time deposits, individual retirement accounts, merchant bankcard processing, residential and commercial mortgages, home equity loans, consumer installment loans, agricultural loans, investment loans, small business loans, commercial lines of credit and letters of credit. It offers various types of deposits, including noninterest-bearing demand deposits and interest-bearing deposits. It provides products and services to small to middle-market businesses, professionals, not-for-profit organizations, and individuals.