2S Metal PCL (BKK:2S) E10: ฿0.50 (As of Mar. 2026)

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BKK:2S 2S Metal PCL BKK:2S
69 GF Score
Price ฿3.08
GF Value ฿2.99
Valuation Fairly Valued
! 4 Warning Signs
View Full Analysis

What is 2S Metal PCL E10?

2S Metal PCL BKK:2S 69 E10 is ฿0.50 as of Mar. 2026. GuruFocus rates BKK:2S with a GF Score™ of 69/100 and a GF Value™ of ฿2.99 (Fairly Valued). The stock has 4 warning signs investors should review.

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.

2S Metal PCL's adjusted earnings per share data for the three months ended in Mar. 2026 was ฿0.260. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ฿0.50 for the trailing ten years ended in Mar. 2026.

During the past 12 months, 2S Metal PCL's average E10 Growth Rate was 8.70% per year. During the past 3 years, the average E10 Growth Rate was 6.10% per year. During the past 5 years, the average E10 Growth Rate was 9.20% 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 2S Metal PCL was 22.20% per year. The lowest was 2.30% per year. And the median was 16.30% per year.

As of today (2026-07-14), 2S Metal PCL's current stock price is ฿3.08. 2S Metal PCL's E10 for the quarter that ended in Mar. 2026 was ฿0.50. 2S Metal PCL's Shiller PE Ratio of today is 6.16.

During the past 13 years, the highest Shiller PE Ratio of 2S Metal PCL was 18.75. The lowest was 4.57. And the median was 7.61.


2S Metal PCL  (BKK:2S) 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.

2S Metal PCL's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=3.08/0.50
=6.16

* 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 2S Metal PCL was 18.75. The lowest was 4.57. And the median was 7.61.


Be Aware

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


2S Metal PCL E10 Related Terms


2S Metal PCL E10 Historical Data

* Premium members only.

The historical data trend for 2S Metal 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.

2S Metal PCL E10 Chart

2S Metal PCL Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.42 0.41 0.44 0.45 0.49

2S Metal PCL Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 0.46 0.48 0.00 0.49 0.50

BKK:2S vs NUE, STLD, RS: E10 Comparison

For the Steel subindustry, 2S Metal 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.


2S Metal PCL Shiller PE Ratio vs Steel Industry

For the Steel industry and Basic Materials sector, 2S Metal PCL's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where 2S Metal PCL's Shiller PE Ratio falls into.


BKK:2S
69GF Score
2S Metal PCL BKK:2S
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

2S Metal 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, 2S Metal PCL's adjusted earnings per share data for the three months ended in Mar. 2026 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=0.26/330.2130*330.2130
=0.260

Current CPI (Mar. 2026) = 330.2130.

2S Metal PCL Quarterly Data

per share eps CPI Adj_EPS
201606 0.189 241.018 0.259
201609 0.109 241.428 0.149
201612 -0.015 241.432 -0.021
201703 0.182 243.801 0.247
201706 0.025 244.955 0.034
201709 0.188 246.819 0.252
201712 0.123 246.524 0.165
201803 0.123 249.554 0.163
201806 0.057 251.989 0.075
201809 0.027 252.439 0.035
201812 -0.021 251.233 -0.028
201903 0.091 254.202 0.118
201906 0.136 256.143 0.175
201909 -0.002 256.759 -0.003
201912 0.019 256.974 0.024
202003 0.236 258.115 0.302
202006 0.142 257.797 0.182
202009 0.185 260.280 0.235
202012 0.183 260.474 0.232
202103 0.450 264.877 0.561
202106 0.502 271.696 0.610
202109 0.299 274.310 0.360
202112 0.090 278.802 0.107
202203 0.089 287.504 0.102
202206 -0.097 296.311 -0.108
202209 -0.245 296.808 -0.273
202212 0.024 296.797 0.027
202303 0.152 301.836 0.166
202306 0.045 305.109 0.049
202309 0.062 307.789 0.067
202312 0.031 306.746 0.033
202403 0.089 312.332 0.094
202406 0.065 314.175 0.068
202409 -0.129 315.301 -0.135
202412 0.015 315.605 0.016
202503 0.120 319.799 0.124
202506 0.137 322.561 0.140
202509 0.000 324.800 0.000
202512 0.005 324.054 0.005
202603 0.260 330.213 0.260

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

Frequently Asked Questions Learn more about E10 →
What does a E10 of ฿0.50 mean?
2S Metal PCL (BKK:2S) has a E10 of ฿0.50 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on 2S Metal PCL and its competitors.
Is 2S Metal PCL's E10 too high?
2S Metal PCL's current E10 is ฿0.50. Overall, 2S Metal PCL has a GF Score™ of 69/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does 2S Metal PCL's E10 compare to NUE and STLD?
2S Metal PCL's E10 of ฿0.50 can be compared against companies in the Steel industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good E10 for a Steel company?
A good E10 depends on the Steel industry context. However, E10 should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high E10 mean?
A high E10 can signal that a stock is expensive relative to its fundamentals. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on 2S Metal PCL and its competitors. 2S Metal PCL's current E10 is ฿0.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is 2S Metal PCL stock overvalued right now?
Based on GuruFocus' analysis, 2S Metal PCL (BKK:2S) is currently considered Fairly Valued. The stock's GF Value™ is ฿2.99, compared to a current price of ฿3.08 — trading 3% above its estimated fair value. The current E10 is ฿0.50. 2S Metal PCL's overall GF Score™ is 69/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is E10 calculated?
E10 is calculated from a company's financial statements. For 2S Metal PCL (BKK:2S), the current E10 is ฿0.50 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is 2S Metal PCL (BKK:2S) Overvalued in 2026?

Based on GuruFocus' analysis, 2S Metal PCL stock appears to be overvalued. The current stock price of ฿3.08 is trading 3% above its estimated GF Value™ of ฿2.99. GuruFocus considers 2S Metal PCL to be Fairly Valued.

Key valuation signals for BKK:2S:

  • E10: ฿0.50
  • GF Value™: ฿2.99 vs. price of ฿3.08 (3% above fair value)
  • GF Score™: 69/100 with 4 warning signs

No single metric tells the full story. See the BKK:2S stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


2S Metal PCL Business Description

Address No. 8/5 Moo 14, Thachang Subdistrict, Bangklam District, Songkhla Province, Songkhla, THA, 90110
2S Metal PCL is a Thailand-based company engaged in the manufacture, distribution, and trade of steel products. It is mainly engaged in manufacturing steel pipes, steel plates, light lip channels, and steel wire mesh, and trading steel products. The company's operating segments are the trading of steel products, including raw materials, and the production and distribution of steel products. The majority of its revenue is generated from the production and distribution of steel products. Geographically, it derives maximum revenue from the local market and the rest from the Lao People's Democratic Republic.
69GF Score

Get the complete analysis for BKK:2S

E10 is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

฿3.08
Price
฿2.99
GF Value