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Banco Bilbao Vizcaya Argentaria (BUE:BBVA) E10 : ARS816.32 (As of Mar. 2024)


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What is Banco Bilbao Vizcaya Argentaria 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.

Banco Bilbao Vizcaya Argentaria's adjusted earnings per share data for the three months ended in Mar. 2024 was ARS329.674. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ARS816.32 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Banco Bilbao Vizcaya Argentaria's average E10 Growth Rate was 22.80% per year. During the past 3 years, the average E10 Growth Rate was 13.40% per year. During the past 5 years, the average E10 Growth Rate was 0.80% per year. During the past 10 years, the average E10 Growth Rate was -6.80% 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 Banco Bilbao Vizcaya Argentaria was 44.20% per year. The lowest was -12.20% per year. And the median was 2.85% per year.

As of today (2024-06-09), Banco Bilbao Vizcaya Argentaria's current stock price is ARS13420.00. Banco Bilbao Vizcaya Argentaria's E10 for the quarter that ended in Mar. 2024 was ARS816.32. Banco Bilbao Vizcaya Argentaria's Shiller PE Ratio of today is 16.44.

During the past 13 years, the highest Shiller PE Ratio of Banco Bilbao Vizcaya Argentaria was 16.48. The lowest was 4.78. And the median was 8.89.


Banco Bilbao Vizcaya Argentaria E10 Historical Data

The historical data trend for Banco Bilbao Vizcaya Argentaria'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.

Banco Bilbao Vizcaya Argentaria E10 Chart

Banco Bilbao Vizcaya Argentaria 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 46.76 80.54 108.34 209.63 717.57

Banco Bilbao Vizcaya Argentaria 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 248.44 331.41 533.55 717.57 816.32

Competitive Comparison of Banco Bilbao Vizcaya Argentaria's E10

For the Banks - Diversified subindustry, Banco Bilbao Vizcaya Argentaria'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.


Banco Bilbao Vizcaya Argentaria's Shiller PE Ratio Distribution in the Banks Industry

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

* The bar in red indicates where Banco Bilbao Vizcaya Argentaria's Shiller PE Ratio falls into.



Banco Bilbao Vizcaya Argentaria 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, Banco Bilbao Vizcaya Argentaria'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)
=329.674/122.7621*122.7621
=329.674

Current CPI (Mar. 2024) = 122.7621.

Banco Bilbao Vizcaya Argentaria Quarterly Data

per share eps CPI Adj_EPS
201406 1.214 101.081 1.474
201409 0.976 100.441 1.193
201412 1.160 100.251 1.420
201503 2.195 99.474 2.709
201506 1.836 101.138 2.229
201509 -1.794 99.559 -2.212
201512 1.974 100.268 2.417
201603 1.626 98.638 2.024
201606 2.456 100.333 3.005
201609 2.176 99.737 2.678
201612 1.505 101.842 1.814
201703 2.803 100.896 3.410
201706 2.964 101.848 3.573
201709 3.342 101.524 4.041
201712 0.238 102.975 0.284
201803 4.472 102.122 5.376
201806 4.953 104.165 5.837
201809 11.164 103.818 13.201
201812 6.005 104.193 7.075
201903 7.067 103.488 8.383
201906 8.582 104.612 10.071
201909 10.471 103.905 12.371
201912 -2.657 105.015 -3.106
202003 -19.890 103.469 -23.599
202006 6.168 104.254 7.263
202009 13.991 103.521 16.591
202012 17.820 104.456 20.943
202103 18.230 104.857 21.343
202106 9.131 107.102 10.466
202109 23.007 107.669 26.232
202112 22.823 111.298 25.174
202203 22.468 115.153 23.953
202206 31.800 118.044 33.071
202209 39.897 117.221 41.783
202212 42.623 117.650 44.475
202303 61.338 118.948 63.305
202306 85.345 120.278 87.107
202309 126.983 121.343 128.468
202312 129.913 121.300 131.479
202403 329.674 122.762 329.674

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


Banco Bilbao Vizcaya Argentaria  (BUE:BBVA) 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.

Banco Bilbao Vizcaya Argentaria's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=13420.00/816.32
=16.44

* 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 Banco Bilbao Vizcaya Argentaria was 16.48. The lowest was 4.78. And the median was 8.89.


Be Aware

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


Banco Bilbao Vizcaya Argentaria E10 Related Terms

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


Banco Bilbao Vizcaya Argentaria (BUE:BBVA) Business Description

Address
Calle Azul, 4, Madrid, ESP, 28050
Despite its Spanish origins, BBVA generates only around a quarter of its profits in Spain. We expect that on a normalised basis, BBVA's market-leading Mexican bank should contribute half of its earnings, while its Turkish operation should account for another 15%. The balance of BBVA's earnings comes from smaller operations in South America. BBVA is overwhelmingly a retail and commercial bank, with corporate and investment banking forming a minor part of the overall business. BBVA also offers insurance and investment products through its banking networks.