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Commercial Bank of Dubai PSC (DFM:CBD) E10 : د.إ0.54 (As of Mar. 2024)


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What is Commercial Bank of Dubai PSC 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.

Commercial Bank of Dubai PSC's adjusted earnings per share data for the three months ended in Mar. 2024 was د.إ0.230. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is د.إ0.54 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Commercial Bank of Dubai PSC's average E10 Growth Rate was 12.50% 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 (2024-06-10), Commercial Bank of Dubai PSC's current stock price is د.إ6.03. Commercial Bank of Dubai PSC's E10 for the quarter that ended in Mar. 2024 was د.إ0.54. Commercial Bank of Dubai PSC's Shiller PE Ratio of today is 11.17.

During the past 13 years, the highest Shiller PE Ratio of Commercial Bank of Dubai PSC was 15.69. The lowest was 8.54. And the median was 9.67.


Commercial Bank of Dubai PSC E10 Historical Data

The historical data trend for Commercial Bank of Dubai PSC'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.

Commercial Bank of Dubai PSC E10 Chart

Commercial Bank of Dubai PSC 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 - - 0.42 0.47 0.52

Commercial Bank of Dubai PSC 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 0.48 0.50 0.52 0.52 0.54

Competitive Comparison of Commercial Bank of Dubai PSC's E10

For the Banks - Regional subindustry, Commercial Bank of Dubai PSC'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.


Commercial Bank of Dubai PSC's Shiller PE Ratio Distribution in the Banks Industry

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

* The bar in red indicates where Commercial Bank of Dubai PSC's Shiller PE Ratio falls into.



Commercial Bank of Dubai PSC 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, Commercial Bank of Dubai PSC'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)
=0.23/131.7762*131.7762
=0.230

Current CPI (Mar. 2024) = 131.7762.

Commercial Bank of Dubai PSC Quarterly Data

per share eps CPI Adj_EPS
201406 0.103 100.560 0.135
201409 0.103 100.428 0.135
201412 0.103 99.070 0.137
201503 0.103 99.621 0.136
201506 0.103 100.684 0.135
201509 0.103 100.392 0.135
201512 0.047 99.792 0.062
201603 0.084 100.470 0.110
201606 0.084 101.688 0.109
201609 0.075 101.861 0.097
201612 0.103 101.863 0.133
201703 0.056 102.862 0.072
201706 0.056 103.349 0.071
201709 0.113 104.136 0.143
201712 0.113 104.011 0.143
201803 0.094 105.290 0.118
201806 0.094 106.317 0.117
201809 0.094 106.507 0.116
201812 0.103 105.998 0.128
201903 0.113 107.251 0.139
201906 0.122 108.070 0.149
201909 0.122 108.329 0.148
201912 0.113 108.420 0.137
202003 0.103 108.902 0.125
202006 0.075 108.767 0.091
202009 0.094 109.815 0.113
202012 0.103 109.897 0.124
202103 0.113 111.754 0.133
202106 0.094 114.631 0.108
202109 0.122 115.734 0.139
202112 0.113 117.630 0.127
202203 0.140 121.301 0.152
202206 0.120 125.017 0.126
202209 0.150 125.227 0.158
202212 0.150 125.222 0.158
202303 0.190 127.348 0.197
202306 0.200 128.729 0.205
202309 0.240 129.860 0.244
202312 0.210 129.419 0.214
202403 0.230 131.776 0.230

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


Commercial Bank of Dubai PSC  (DFM:CBD) 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.

Commercial Bank of Dubai PSC's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=6.03/0.54
=11.17

* 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 Commercial Bank of Dubai PSC was 15.69. The lowest was 8.54. And the median was 9.67.


Be Aware

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


Commercial Bank of Dubai PSC E10 Related Terms

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


Commercial Bank of Dubai PSC (DFM:CBD) Business Description

Traded in Other Exchanges
N/A
Address
Al Ittihad Street, P.O. Box 2668, Dubai, ARE
Commercial Bank of Dubai PSC is a banking firm operating in the United Arab Emirates. The company's operating segments include Institutional banking, Corporate banking, Personal banking, and Trading and Other. It generates maximum revenue from the Corporate banking segment. The company services include a current account, savings account, and deposits. Its borrowing services comprise personal loans, home loans, car loans, and credit card facilities of various types. Under its protection portfolio, the bank provides general insurance, life insurance and safe deposit services and its investment services include asset management, financial economy and international investment plans.

Commercial Bank of Dubai PSC (DFM:CBD) Headlines

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