Alpha Divisions PCL (BKK:ALPHAX) E10: ฿-0.01 (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.
Reviewed by: Charlie Tian Charlie Tian
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:ALPHAX Alpha Divisions PCL BKK:ALPHAX
26 GF Score
Price ฿0.25
GF Value ฿0.60
Valuation Possible Value Trap
! 2 Warning Signs
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What is Alpha Divisions PCL E10?

Alpha Divisions PCL BKK:ALPHAX +4.17% 26 E10 is ฿-0.01 as of Mar. 2026. GuruFocus rates BKK:ALPHAX with a GF Score™ of 26/100 and a GF Value™ of ฿0.60 (Possible Value Trap). The stock has 2 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.

Alpha Divisions 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 ฿-0.01 for the trailing ten years ended in Mar. 2026.

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 (2026-07-19), Alpha Divisions PCL's current stock price is ฿0.25. Alpha Divisions PCL's E10 for the quarter that ended in Mar. 2026 was ฿-0.01. Alpha Divisions PCL's Shiller PE Ratio of today is .


Alpha Divisions PCL  (BKK:ALPHAX) 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.


Be Aware

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


Alpha Divisions PCL E10 Related Terms


Alpha Divisions PCL E10 Historical Data

* Premium members only.

The historical data trend for Alpha Divisions 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.

Alpha Divisions PCL E10 Chart

Alpha Divisions 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 0.00 0.00 -0.01 -0.01 -0.01

Alpha Divisions 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 -0.01 -0.01 -0.01 -0.01 -0.01

Alpha Divisions PCL E10 Competitor Comparison

For the Real Estate - Development subindustry, Alpha Divisions 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.


Alpha Divisions PCL Shiller PE Ratio vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Alpha Divisions PCL's Shiller PE Ratio distribution charts can be found below:

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


BKK:ALPHAX
26GF Score
Alpha Divisions PCL BKK:ALPHAX
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Alpha Divisions 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, Alpha Divisions 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.

Alpha Divisions PCL Quarterly Data

per share eps CPI Adj_EPS
201606 0.002 241.018 0.003
201609 0.001 241.428 0.001
201612 -0.003 241.432 -0.004
201703 -0.004 243.801 -0.005
201706 -0.007 244.955 -0.009
201709 -0.007 246.819 -0.009
201712 -0.008 246.524 -0.011
201803 -0.002 249.554 -0.003
201806 -0.022 251.989 -0.029
201809 -0.011 252.439 -0.014
201812 -0.062 251.233 -0.081
201903 0.000 254.202 0.000
201906 0.009 256.143 0.012
201909 0.006 256.759 0.008
201912 -0.016 256.974 -0.021
202003 0.006 258.115 0.008
202006 0.002 257.797 0.003
202009 -0.008 260.280 -0.010
202012 0.027 260.474 0.034
202103 0.007 264.877 0.009
202106 0.004 271.696 0.005
202109 -0.006 274.310 -0.007
202112 -0.008 278.802 -0.009
202203 0.010 287.504 0.011
202206 -0.002 296.311 -0.002
202209 0.002 296.808 0.002
202212 0.000 296.797 0.000
202303 -0.004 301.836 -0.004
202306 -0.007 305.109 -0.008
202309 -0.013 307.789 -0.014
202312 -0.010 306.746 -0.011
202403 0.008 312.332 0.008
202406 0.001 314.175 0.001
202409 0.021 315.301 0.022
202412 0.005 315.605 0.005
202503 0.003 319.799 0.003
202506 0.012 322.561 0.012
202509 0.012 324.800 0.012
202512 0.008 324.054 0.008
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 ฿-0.01 mean?
Alpha Divisions PCL (BKK:ALPHAX) has a E10 of ฿-0.01 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Alpha Divisions PCL and its competitors.
Is Alpha Divisions PCL's E10 too high?
Alpha Divisions PCL's current E10 is ฿-0.01. Overall, Alpha Divisions PCL has a GF Score™ of 26/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Alpha Divisions PCL's E10 compare to competitors?
Alpha Divisions PCL's E10 of ฿-0.01 can be compared against companies in the Real Estate 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 Real Estate company?
A good E10 depends on the Real Estate 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 Alpha Divisions PCL and its competitors. Alpha Divisions PCL's current E10 is ฿-0.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Alpha Divisions PCL stock overvalued right now?
Based on GuruFocus' analysis, Alpha Divisions PCL (BKK:ALPHAX) is currently considered Possible Value Trap. The stock's GF Value™ is ฿0.60, compared to a current price of ฿0.25 — trading 58.3% below its estimated fair value. The current E10 is ฿-0.01. Alpha Divisions PCL's overall GF Score™ is 26/100 with 2 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 Alpha Divisions PCL (BKK:ALPHAX), the current E10 is ฿-0.01 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 Alpha Divisions PCL (BKK:ALPHAX) Overvalued in 2026?

Based on GuruFocus' analysis, Alpha Divisions PCL stock appears to be undervalued. The current stock price of ฿0.25 is trading 58.3% below its estimated GF Value™ of ฿0.60. GuruFocus considers Alpha Divisions PCL to be Possible Value Trap.

Key valuation signals for BKK:ALPHAX:

  • E10: ฿-0.01
  • GF Value™: ฿0.60 vs. price of ฿0.25 (58.3% below fair value)
  • GF Score™: 26/100 with 2 warning signs

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


Alpha Divisions PCL Business Description

Address Ratchadamri Road, Room No. D, 24th Floor, 127 Gaysorn Tower Building, Lumphini Subdistrict, Pathumwan District, Bangkok, THA, 10330
Alpha Divisions PCL and its subsidiary (the Group) is engaged in 2 principal businesses as follows:- Energy business is a producer, distributor, agent for selling electricity from solar energy, wind, water, or others, and other business includes motorcycles, cars, gold, agricultural equipment hire purchase business, and microfinance business in the Lao People's Democratic Republic (Lao PDR). The majority of its revenue is generated from the Energy business. The Group operates the business carried out in the geographic area in domestic and foreign markets.
26GF Score

Get the complete analysis for BKK:ALPHAX

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

฿0.25
Price
฿0.60
GF Value