GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Societe Generale SA (OTCPK:SCGLY) » Definitions » E10

Societe Generale (Societe Generale) E10 : $0.76 (As of Mar. 2024)


View and export this data going back to . Start your Free Trial

What is Societe Generale 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.

Societe Generale's adjusted earnings per share data for the three months ended in Mar. 2024 was $0.139. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $0.76 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Societe Generale's average E10 Growth Rate was 2.00% per year. During the past 3 years, the average E10 Growth Rate was 7.20% per year. During the past 5 years, the average E10 Growth Rate was -0.70% 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 Societe Generale was 7.20% per year. The lowest was -22.10% per year. And the median was -3.25% per year.

As of today (2024-05-26), Societe Generale's current stock price is $5.92. Societe Generale's E10 for the quarter that ended in Mar. 2024 was $0.76. Societe Generale's Shiller PE Ratio of today is 7.79.

During the past 13 years, the highest Shiller PE Ratio of Societe Generale was 11.72. The lowest was 2.93. And the median was 7.29.


Societe Generale E10 Historical Data

The historical data trend for Societe Generale'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.

Societe Generale E10 Chart

Societe Generale 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 0.78 0.68 0.71 0.69 0.76

Societe Generale 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 0.75 0.75 0.71 0.76 0.76

Competitive Comparison of Societe Generale's E10

For the Banks - Regional subindustry, Societe Generale'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.


Societe Generale's Shiller PE Ratio Distribution in the Banks Industry

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

* The bar in red indicates where Societe Generale's Shiller PE Ratio falls into.



Societe Generale 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, Societe Generale'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)
=0.139/119.4700*119.4700
=0.139

Current CPI (Mar. 2024) = 119.4700.

Societe Generale Quarterly Data

per share eps CPI Adj_EPS
201406 0.317 100.180 0.378
201409 0.296 99.920 0.354
201412 0.043 99.860 0.051
201503 0.208 100.170 0.248
201506 0.327 100.440 0.389
201509 0.325 99.950 0.388
201512 0.146 100.040 0.174
201603 0.227 100.020 0.271
201606 0.351 100.630 0.417
201609 0.310 100.340 0.369
201612 0.068 100.650 0.081
201703 0.165 101.170 0.195
201706 0.226 101.320 0.266
201709 0.278 101.330 0.328
201712 -0.014 101.850 -0.016
201803 0.229 102.750 0.266
201806 0.276 103.370 0.319
201809 0.387 103.560 0.446
201812 0.141 103.470 0.163
201903 0.147 103.890 0.169
201906 0.189 104.580 0.216
201909 0.224 104.500 0.256
201912 0.124 104.980 0.141
202003 -0.086 104.590 -0.098
202006 -0.422 104.790 -0.481
202009 0.205 104.550 0.234
202012 0.088 104.960 0.100
202103 0.228 105.750 0.258
202106 0.320 106.340 0.360
202109 0.443 106.810 0.496
202112 0.323 107.850 0.358
202203 0.218 110.490 0.236
202206 -0.459 112.550 -0.487
202209 0.347 112.740 0.368
202212 0.126 114.160 0.132
202303 0.233 116.790 0.238
202306 0.141 117.650 0.143
202309 0.079 118.260 0.080
202312 0.059 118.390 0.060
202403 0.139 119.470 0.139

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


Societe Generale  (OTCPK:SCGLY) 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.

Societe Generale's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=5.92/0.76
=7.79

* 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 Societe Generale was 11.72. The lowest was 2.93. And the median was 7.29.


Be Aware

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


Societe Generale E10 Related Terms

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


Societe Generale (Societe Generale) Business Description

Address
29, Boulevard Haussmann, Paris, FRA, 75009
Founded in 1884, Societe Generale is one of France's major banks. It was historically viewed as primarily a corporate and investment bank, but it has meaningful retail banking operations in France, Eastern Europe, Russia, and North Africa.

Societe Generale (Societe Generale) Headlines

From GuruFocus

Behavioral Investing: Is This Why Value Investing Is Hard?

By Robert Abbott Robert Abbott 08-22-2018

Behavioral Investing: Predictable Surprises

By Robert Abbott Robert Abbott 08-23-2018

The Life of a Permabear

By The Science of Hitting The Science of Hitting 01-21-2019

Societe Generale CEO Interview - Q1 2018 Results (Video)

By PRNewswire PRNewswire 05-04-2018

Behavioral Investing: Breaking the Case to Invest More Objectively

By Robert Abbott Robert Abbott 08-20-2018

Societe Generale CEO Interview - FY 2019 Results (Video)

By PRNewswire PRNewswire 02-06-2020

Societe Generale CEO Interview - Q3 2019 Results (Video)

By PRNewswire PRNewswire 11-06-2019

George Soros Using Greece as a Trojan Horse Against Europe

By Lovisa Alvin Lovisa Alvin 06-01-2017

Behavioral Investing: Why Do We Listen to the Experts?

By Robert Abbott Robert Abbott 08-15-2018

Behavioral Investing: Why It's Hard to Be a Contrarian

By Robert Abbott Robert Abbott 08-28-2018