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FCMB Group (NSA:FCMB) Shiller PE Ratio : 3.47 (As of May. 25, 2024)


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What is FCMB Group Shiller PE Ratio?

As of today (2024-05-25), FCMB Group's current share price is ₦6.80. FCMB Group's E10 for the quarter that ended in Mar. 2024 was ₦1.96. FCMB Group's Shiller PE Ratio for today is 3.47.

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

NSA:FCMB' s Shiller PE Ratio Range Over the Past 10 Years
Min: 2.61   Med: 3.48   Max: 7.6
Current: 3.48

During the past years, FCMB Group's highest Shiller PE Ratio was 7.60. The lowest was 2.61. And the median was 3.48.

NSA:FCMB's Shiller PE Ratio is ranked better than
95% of 1139 companies
in the Banks industry
Industry Median: 10.13 vs NSA:FCMB: 3.48

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.

FCMB Group's adjusted earnings per share data for the three months ended in Mar. 2024 was ₦5.810. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is ₦1.96 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


FCMB Group Shiller PE Ratio Historical Data

The historical data trend for FCMB Group'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.

FCMB Group Shiller PE Ratio Chart

FCMB Group 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 - - 3.11 3.37 5.05

FCMB Group 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 3.13 4.14 4.38 5.05 4.35

Competitive Comparison of FCMB Group's Shiller PE Ratio

For the Banks - Regional subindustry, FCMB Group'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.


FCMB Group's Shiller PE Ratio Distribution in the Banks Industry

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

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



FCMB Group 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.

FCMB Group's Shiller PE Ratio for today is calculated as

Shiller PE Ratio=Share Price/ E10
=6.80/1.96
=3.47

* 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.

FCMB Group's E10 for the quarter that ended in Mar. 2024 is calculated as:

For example, FCMB Group'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)
=5.81/131.7762*131.7762
=5.810

Current CPI (Mar. 2024) = 131.7762.

FCMB Group Quarterly Data

Earnings per Share (Diluted) CPI Adj_EPS
201406 0.000 100.560 0.000
201409 0.235 100.428 0.308
201412 0.399 99.070 0.531
201503 1.070 99.621 1.415
201506 0.610 100.684 0.798
201509 -1.300 100.392 -1.706
201512 0.110 99.792 0.145
201603 0.330 100.470 0.433
201606 0.709 101.688 0.919
201609 -0.540 101.861 -0.699
201612 0.069 101.863 0.089
201703 0.080 102.862 0.102
201706 0.290 103.349 0.370
201709 0.120 104.136 0.152
201712 0.150 104.011 0.190
201803 0.129 105.290 0.161
201806 0.630 106.317 0.781
201809 0.280 106.507 0.346
201812 0.180 105.998 0.224
201903 0.180 107.251 0.221
201906 0.200 108.070 0.244
201909 0.180 108.329 0.219
201912 0.330 108.420 0.401
202003 0.240 108.902 0.290
202006 0.250 108.767 0.303
202009 0.220 109.815 0.264
202012 0.280 109.897 0.336
202103 0.180 111.754 0.212
202106 0.200 114.631 0.230
202109 0.320 115.734 0.364
202112 0.350 117.630 0.392
202203 1.040 121.301 1.130
202206 -0.356 125.017 -0.375
202209 0.457 125.227 0.481
202212 0.020 125.222 0.021
202303 1.880 127.348 1.945
202306 -0.099 128.729 -0.101
202309 0.689 129.860 0.699
202312 1.390 129.419 1.415
202403 5.810 131.776 5.810

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.


FCMB Group  (NSA:FCMB) 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.


FCMB Group Shiller PE Ratio Related Terms

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


FCMB Group (NSA:FCMB) Business Description

Traded in Other Exchanges
N/A
Address
44 Marina, First City Plaza, Lagos, NGA
FCMB Group PLC provides banking products and services in Nigeria. Its business is divided into eight segments including Investment Banking, SME (Small and Medium Enterprises) Banking, Commercial Banking, Corporate Banking, Personal Banking, Institutional Banking, Treasury and Financial Markets, and Asset Management. The bank generates the majority of its revenue from the personal banking segment that offers private banking services, private customer current accounts, savings, deposits, investment savings products, custody, credit and debit cards, consumer loans, and mortgages. It has geographic operations in Nigeria and Europe.

FCMB Group (NSA:FCMB) Headlines

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