AIRA Factoring PCL (BKK:AF) E10: ฿0.03 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BKK:AF AIRA Factoring PCL BKK:AF
40 GF Score
Price ฿0.38
GF Value ฿0.58
Valuation Possible Value Trap
! 8 Warning Signs
View Full Analysis

What is AIRA Factoring PCL E10?

AIRA Factoring PCL BKK:AF 40 E10 is ฿0.03 as of Mar. 2026. GuruFocus rates BKK:AF with a GF Score™ of 40/100 and a GF Value™ of ฿0.58 (Possible Value Trap). The stock has 8 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.

AIRA Factoring PCL's adjusted earnings per share data for the three months ended in Mar. 2026 was ฿0.003. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ฿0.03 for the trailing ten years ended in Mar. 2026.

During the past 5 years, the average E10 Growth Rate was -4.00% 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 (2026-07-16), AIRA Factoring PCL's current stock price is ฿0.38. AIRA Factoring PCL's E10 for the quarter that ended in Mar. 2026 was ฿0.03. AIRA Factoring PCL's Shiller PE Ratio of today is 12.67.

During the past 13 years, the highest Shiller PE Ratio of AIRA Factoring PCL was 46.33. The lowest was 9.33. And the median was 19.00.


AIRA Factoring PCL  (BKK:AF) 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.

AIRA Factoring PCL's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=0.38/0.03
=12.67

* 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 AIRA Factoring PCL was 46.33. The lowest was 9.33. And the median was 19.00.


Be Aware

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


AIRA Factoring PCL E10 Related Terms


AIRA Factoring PCL E10 Historical Data

* Premium members only.

The historical data trend for AIRA Factoring 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.

AIRA Factoring PCL E10 Chart

AIRA Factoring 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 0.03 0.03 0.03 0.03 0.03

AIRA Factoring 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 0.03 0.03 0.03 0.03 0.03

BKK:AF vs V, MA, AXP: E10 Comparison

For the Credit Services subindustry, AIRA Factoring 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.


AIRA Factoring PCL Shiller PE Ratio vs Credit Services Industry

For the Credit Services industry and Financial Services sector, AIRA Factoring PCL's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where AIRA Factoring PCL's Shiller PE Ratio falls into.


BKK:AF
40GF Score
AIRA Factoring PCL BKK:AF
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

AIRA Factoring 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, AIRA Factoring 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)
=0.003/330.2130*330.2130
=0.003

Current CPI (Mar. 2026) = 330.2130.

AIRA Factoring PCL Quarterly Data

per share eps CPI Adj_EPS
201606 0.008 241.018 0.011
201609 0.008 241.428 0.011
201612 0.008 241.432 0.011
201703 0.005 243.801 0.007
201706 0.002 244.955 0.003
201709 0.009 246.819 0.012
201712 0.018 246.524 0.024
201803 0.016 249.554 0.021
201806 -0.004 251.989 -0.005
201809 0.011 252.439 0.014
201812 0.008 251.233 0.011
201903 0.000 254.202 0.000
201906 0.010 256.143 0.013
201909 0.007 256.759 0.009
201912 0.008 256.974 0.010
202003 0.005 258.115 0.006
202006 0.007 257.797 0.009
202009 0.006 260.280 0.008
202012 0.009 260.474 0.011
202103 0.009 264.877 0.011
202106 0.008 271.696 0.010
202109 0.007 274.310 0.008
202112 0.008 278.802 0.009
202203 0.009 287.504 0.010
202206 0.007 296.311 0.008
202209 0.009 296.808 0.010
202212 0.004 296.797 0.004
202303 0.007 301.836 0.008
202306 0.007 305.109 0.008
202309 -0.006 307.789 -0.006
202312 -0.004 306.746 -0.004
202403 0.008 312.332 0.008
202406 0.002 314.175 0.002
202409 0.000 315.301 0.000
202412 0.001 315.605 0.001
202503 0.003 319.799 0.003
202506 0.003 322.561 0.003
202509 -0.001 324.800 -0.001
202512 0.005 324.054 0.005
202603 0.003 330.213 0.003

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 ฿0.03 mean?
AIRA Factoring PCL (BKK:AF) has a E10 of ฿0.03 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on AIRA Factoring PCL and its competitors.
Is AIRA Factoring PCL's E10 too high?
AIRA Factoring PCL's current E10 is ฿0.03. Overall, AIRA Factoring PCL has a GF Score™ of 40/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does AIRA Factoring PCL's E10 compare to V and MA?
AIRA Factoring PCL's E10 of ฿0.03 can be compared against companies in the Credit Services 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 Credit Services company?
A good E10 depends on the Credit Services 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 AIRA Factoring PCL and its competitors. AIRA Factoring PCL's current E10 is ฿0.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AIRA Factoring PCL stock overvalued right now?
Based on GuruFocus' analysis, AIRA Factoring PCL (BKK:AF) is currently considered Possible Value Trap. The stock's GF Value™ is ฿0.58, compared to a current price of ฿0.38 — trading 34.5% below its estimated fair value. The current E10 is ฿0.03. AIRA Factoring PCL's overall GF Score™ is 40/100 with 8 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 AIRA Factoring PCL (BKK:AF), the current E10 is ฿0.03 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 AIRA Factoring PCL (BKK:AF) Overvalued in 2026?

Based on GuruFocus' analysis, AIRA Factoring PCL stock appears to be undervalued. The current stock price of ฿0.38 is trading 34.5% below its estimated GF Value™ of ฿0.58. GuruFocus considers AIRA Factoring PCL to be Possible Value Trap.

Key valuation signals for BKK:AF:

  • E10: ฿0.03
  • GF Value™: ฿0.58 vs. price of ฿0.38 (34.5% below fair value)
  • GF Score™: 40/100 with 8 warning signs

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


AIRA Factoring PCL Business Description

Address No. 188, Phayathai Road, Unit 6-10, 12Ath Floor, Spring Tower Building, Thung Phaya Thai Sub-District, Ratchathewi District, Bangkok, THA, 10400
AIRA Factoring PCL is a Thailand-based company principally engaged in the business of receivable factoring. It provides short-term financing services by transferring creditor's rights or factoring services. Its various service offerings include promissory note loans, e-factoring, supplier financing, long-term loans, and others. The company's main reportable operating segment of the Company is the provision of lending services to SME customers, comprising the factoring business and loan financing. Geographically, the company operates only in Thailand.
40GF Score

Get the complete analysis for BKK:AF

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

฿0.38
Price
฿0.58
GF Value