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Sogn Sparebank (OSL:SOGN) E10 : kr14.32 (As of Mar. 2024)


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What is Sogn Sparebank 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.

Sogn Sparebank's adjusted earnings per share data for the three months ended in Mar. 2024 was kr30.073. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is kr14.32 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Sogn Sparebank's average E10 Growth Rate was 7.60% per year. During the past 3 years, the average E10 Growth Rate was 0.60% 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 Sogn Sparebank was 0.60% per year. The lowest was 0.60% per year. And the median was 0.60% per year.

As of today (2024-05-24), Sogn Sparebank's current stock price is kr178.38. Sogn Sparebank's E10 for the quarter that ended in Mar. 2024 was kr14.32. Sogn Sparebank's Shiller PE Ratio of today is 12.46.

During the past 13 years, the highest Shiller PE Ratio of Sogn Sparebank was 16.94. The lowest was 6.22. And the median was 9.44.


Sogn Sparebank E10 Historical Data

The historical data trend for Sogn Sparebank'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.

Sogn Sparebank E10 Chart

Sogn Sparebank 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 - 11.38 10.45 10.46 11.58

Sogn Sparebank 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 13.31 17.27 19.84 11.58 14.32

Competitive Comparison of Sogn Sparebank's E10

For the Banks - Regional subindustry, Sogn Sparebank'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.


Sogn Sparebank's Shiller PE Ratio Distribution in the Banks Industry

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

* The bar in red indicates where Sogn Sparebank's Shiller PE Ratio falls into.



Sogn Sparebank 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, Sogn Sparebank'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)
=30.073/132.6000*132.6000
=30.073

Current CPI (Mar. 2024) = 132.6000.

Sogn Sparebank Quarterly Data

per share eps CPI Adj_EPS
201406 5.200 97.500 7.072
201409 3.170 98.500 4.267
201412 -20.522 98.600 -27.599
201503 1.090 99.200 1.457
201506 5.980 100.100 7.922
201509 0.910 100.600 1.199
201512 -15.072 100.900 -19.807
201603 0.090 102.500 0.116
201606 4.830 103.800 6.170
201609 3.090 104.200 3.932
201612 2.403 104.400 3.052
201703 0.470 105.000 0.594
201706 7.040 105.800 8.823
201709 2.440 105.900 3.055
201712 6.599 106.100 8.247
201803 5.513 107.300 6.813
201806 17.292 108.500 21.133
201809 5.021 109.500 6.080
201812 3.867 109.800 4.670
201903 5.020 110.400 6.029
201906 24.963 110.600 29.929
201909 22.999 111.100 27.450
201912 -46.949 111.300 -55.934
202003 -4.183 111.200 -4.988
202006 32.272 112.100 38.174
202009 16.180 112.900 19.003
202012 -37.225 112.900 -43.720
202103 10.885 114.600 12.595
202106 30.307 115.300 34.854
202109 24.275 117.500 27.395
202112 -54.043 118.900 -60.270
202203 14.096 119.800 15.602
202206 37.545 122.600 40.607
202209 23.621 125.600 24.937
202212 -60.901 125.900 -64.142
202303 29.099 127.600 30.239
202306 40.961 130.400 41.652
202309 31.066 129.800 31.736
202312 -84.778 131.900 -85.228
202403 30.073 132.600 30.073

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


Sogn Sparebank  (OSL:SOGN) 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.

Sogn Sparebank's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=178.38/14.32
=12.46

* 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 Sogn Sparebank was 16.94. The lowest was 6.22. And the median was 9.44.


Be Aware

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


Sogn Sparebank E10 Related Terms

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


Sogn Sparebank (OSL:SOGN) Business Description

Traded in Other Exchanges
N/A
Address
State Council Evensensveg 8, Årdalstangen, NOR, 6885
Sogn Sparebank operates as a local bank. It offers a range of financial services including loans, savings, advice, insurance and pensions to personal and corporate customers. The Bank also offers credit cards, debit cards, structured products, stock savings, mobile banking and online banking services.

Sogn Sparebank (OSL:SOGN) Headlines

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