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SCB X PCL (BKK:SCB) E10 : ฿14.74 (As of Mar. 2024)


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What is SCB X PCL 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.

SCB X PCL's adjusted earnings per share data for the three months ended in Mar. 2024 was ฿3.350. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ฿14.74 for the trailing ten years ended in Mar. 2024.

During the past 12 months, SCB X PCL's average E10 Growth Rate was -0.90% per year. During the past 3 years, the average E10 Growth Rate was 2.50% per year. During the past 5 years, the average E10 Growth Rate was 3.00% 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.

During the past 13 years, the highest 3-Year average E10 Growth Rate of SCB X PCL was 3.90% per year. The lowest was 2.50% per year. And the median was 3.20% per year.

As of today (2024-05-26), SCB X PCL's current stock price is ฿107.00. SCB X PCL's E10 for the quarter that ended in Mar. 2024 was ฿14.74. SCB X PCL's Shiller PE Ratio of today is 7.26.

During the past 13 years, the highest Shiller PE Ratio of SCB X PCL was 7.92. The lowest was 5.58. And the median was 7.11.


SCB X PCL E10 Historical Data

The historical data trend for SCB X PCL'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.

SCB X PCL E10 Chart

SCB X PCL 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 13.47 13.61 14.24 14.79 14.65

SCB X PCL 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 14.87 14.90 14.83 14.65 14.74

Competitive Comparison of SCB X PCL's E10

For the Banks - Regional subindustry, SCB X PCL'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.


SCB X PCL's Shiller PE Ratio Distribution in the Banks Industry

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

* The bar in red indicates where SCB X PCL's Shiller PE Ratio falls into.



SCB X PCL 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, SCB X PCL'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)
=3.35/131.7762*131.7762
=3.350

Current CPI (Mar. 2024) = 131.7762.

SCB X PCL Quarterly Data

per share eps CPI Adj_EPS
201406 4.330 100.560 5.674
201409 3.900 100.428 5.117
201412 3.598 99.070 4.786
201503 3.870 99.621 5.119
201506 3.890 100.684 5.091
201509 2.650 100.392 3.478
201512 3.470 99.792 4.582
201603 3.100 100.470 4.066
201606 3.770 101.688 4.885
201609 3.400 101.861 4.399
201612 3.740 101.863 4.838
201703 3.500 102.862 4.484
201706 3.500 103.349 4.463
201709 2.980 104.136 3.771
201712 2.700 104.011 3.421
201803 3.340 105.290 4.180
201806 3.270 106.317 4.053
201809 3.090 106.507 3.823
201812 2.084 105.998 2.591
201903 2.690 107.251 3.305
201906 3.230 108.070 3.939
201909 4.350 108.329 5.292
201912 1.620 108.420 1.969
202003 2.720 108.902 3.291
202006 2.460 108.767 2.980
202009 1.370 109.815 1.644
202012 1.460 109.897 1.751
202103 2.970 111.754 3.502
202106 2.590 114.631 2.977
202109 2.590 115.734 2.949
202112 2.316 117.630 2.595
202203 2.950 121.301 3.205
202206 2.980 125.017 3.141
202209 3.060 125.227 3.220
202212 2.121 125.222 2.232
202303 3.270 127.348 3.384
202306 3.520 128.729 3.603
202309 2.870 129.860 2.912
202312 3.265 129.419 3.324
202403 3.350 131.776 3.350

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


SCB X PCL  (BKK:SCB) 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.

SCB X PCL's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=107.00/14.74
=7.26

* 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 13 years, the highest Shiller P/E Ratio of SCB X PCL was 7.92. The lowest was 5.58. And the median was 7.11.


Be Aware

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


SCB X PCL E10 Related Terms

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


SCB X PCL (BKK:SCB) Business Description

Traded in Other Exchanges
Address
9 Ratchadapisek Road, Jatujak, Bangkok, THA, 10900
SCB X PCL is a full-service Thai bank, and its principal shareholder is the Thai Crown Property Bureau followed by a fund operating under the Thai Ministry of Finance. The bank provides a range of financial services such as customer deposits, home loans, personal credit, car hire purchases, ATM and debit transactions, currency exchanges and overseas remittances as well as corporate banking, insurance, asset management, and securities trading. The bank's long-term strategy focuses on small and medium-sized enterprises, financial planning, customer service, and digitalization and analytics. Nearly half of its loan portfolio is in retail loans, most of which are housing loans.

SCB X PCL (BKK:SCB) Headlines

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