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Bangkok Expressway and Metro PCL (BKK:BEM) E10 : ฿0.30 (As of Mar. 2024)


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What is Bangkok Expressway and Metro 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.

Bangkok Expressway and Metro PCL's adjusted earnings per share data for the three months ended in Mar. 2024 was ฿0.060. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ฿0.30 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Bangkok Expressway and Metro PCL's average E10 Growth Rate was 20.00% per year. During the past 3 years, the average E10 Growth Rate was 26.00% per year. During the past 5 years, the average E10 Growth Rate was 48.80% 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 Bangkok Expressway and Metro PCL was 81.70% per year. The lowest was 26.00% per year. And the median was 32.00% per year.

As of today (2024-06-09), Bangkok Expressway and Metro PCL's current stock price is ฿7.70. Bangkok Expressway and Metro PCL's E10 for the quarter that ended in Mar. 2024 was ฿0.30. Bangkok Expressway and Metro PCL's Shiller PE Ratio of today is 25.67.

During the past 13 years, the highest Shiller PE Ratio of Bangkok Expressway and Metro PCL was 353.33. The lowest was 25.67. And the median was 51.13.


Bangkok Expressway and Metro PCL E10 Historical Data

The historical data trend for Bangkok Expressway and Metro 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.

Bangkok Expressway and Metro PCL E10 Chart

Bangkok Expressway and Metro 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 0.10 0.14 0.18 0.23 0.28

Bangkok Expressway and Metro 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 0.25 0.26 0.28 0.28 0.30

Competitive Comparison of Bangkok Expressway and Metro PCL's E10

For the Railroads subindustry, Bangkok Expressway and Metro 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.


Bangkok Expressway and Metro PCL's Shiller PE Ratio Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Bangkok Expressway and Metro PCL's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Bangkok Expressway and Metro PCL's Shiller PE Ratio falls into.



Bangkok Expressway and Metro 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, Bangkok Expressway and Metro 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)
=0.06/131.7762*131.7762
=0.060

Current CPI (Mar. 2024) = 131.7762.

Bangkok Expressway and Metro PCL Quarterly Data

per share eps CPI Adj_EPS
201406 -0.024 100.560 -0.031
201409 -0.024 100.428 -0.031
201412 0.355 99.070 0.472
201503 0.095 99.621 0.126
201506 0.071 100.684 0.093
201509 0.238 100.392 0.312
201512 0.007 99.792 0.009
201603 0.050 100.470 0.066
201606 0.030 101.688 0.039
201609 0.050 101.861 0.065
201612 0.039 101.863 0.050
201703 0.050 102.862 0.064
201706 0.050 103.349 0.064
201709 0.060 104.136 0.076
201712 0.050 104.011 0.063
201803 0.050 105.290 0.063
201806 0.060 106.317 0.074
201809 0.200 106.507 0.247
201812 0.030 105.998 0.037
201903 0.060 107.251 0.074
201906 0.200 108.070 0.244
201909 0.060 108.329 0.073
201912 0.034 108.420 0.041
202003 0.030 108.902 0.036
202006 0.010 108.767 0.012
202009 0.050 109.815 0.060
202012 0.030 109.897 0.036
202103 0.020 111.754 0.024
202106 0.010 114.631 0.011
202109 0.010 115.734 0.011
202112 0.026 117.630 0.029
202203 0.020 121.301 0.022
202206 0.040 125.017 0.042
202209 0.060 125.227 0.063
202212 0.039 125.222 0.041
202303 0.050 127.348 0.052
202306 0.060 128.729 0.061
202309 0.060 129.860 0.061
202312 0.056 129.419 0.057
202403 0.060 131.776 0.060

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


Bangkok Expressway and Metro PCL  (BKK:BEM) 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.

Bangkok Expressway and Metro PCL's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=7.70/0.3
=25.67

* 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 Bangkok Expressway and Metro PCL was 353.33. The lowest was 25.67. And the median was 51.13.


Be Aware

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


Bangkok Expressway and Metro PCL E10 Related Terms

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


Bangkok Expressway and Metro PCL (BKK:BEM) Business Description

Traded in Other Exchanges
Address
587 Sutthisarn Road, Ratchacaphisek Subdistrict, Dindaeng District, Bangkok, THA, 10310
Bangkok Expressway and Metro PCL and its subsidiaries are engaged in the construction and management of expressways and the operation of metro lines in Thailand. In conjunction with the operation of the Metro Blue Line, the company also handles the advertising and telecommunications maintenance in the trains and stations. Its segments include the Expressway business segment; Rail business segment; Commercial development business segment; and Other segments. The maximum revenue is derived from the Expressway business segment. Additionally, the company leases the retail spaces in the Blue Line metro stations as well as the areas around the expressways.