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AP (Thailand) PCL (BKK:AP) E10 : ฿1.50 (As of Sep. 2024)


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What is AP (Thailand) 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.

AP (Thailand) PCL's adjusted earnings per share data for the three months ended in Sep. 2024 was ฿0.461. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ฿1.50 for the trailing ten years ended in Sep. 2024.

During the past 12 months, AP (Thailand) PCL's average E10 Growth Rate was 4.90% per year. During the past 3 years, the average E10 Growth Rate was 14.60% per year. During the past 5 years, the average E10 Growth Rate was 11.90% 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 AP (Thailand) PCL was 14.60% per year. The lowest was 4.20% per year. And the median was 11.50% per year.

As of today (2024-12-14), AP (Thailand) PCL's current stock price is ฿8.60. AP (Thailand) PCL's E10 for the quarter that ended in Sep. 2024 was ฿1.50. AP (Thailand) PCL's Shiller PE Ratio of today is 5.73.

During the past 13 years, the highest Shiller PE Ratio of AP (Thailand) PCL was 11.45. The lowest was 4.25. And the median was 8.18.


AP (Thailand) PCL E10 Historical Data

The historical data trend for AP (Thailand) 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.

AP (Thailand) PCL E10 Chart

AP (Thailand) 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 0.88 0.95 1.11 1.28 1.43

AP (Thailand) PCL Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 1.43 1.43 1.48 1.50 1.50

Competitive Comparison of AP (Thailand) PCL's E10

For the Real Estate - Development subindustry, AP (Thailand) 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.


AP (Thailand) PCL's Shiller PE Ratio Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, AP (Thailand) PCL's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where AP (Thailand) PCL's Shiller PE Ratio falls into.



AP (Thailand) 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, AP (Thailand) PCL's adjusted earnings per share data for the three months ended in Sep. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Sep. 2024 (Change)*Current CPI (Sep. 2024)
=0.461/133.0289*133.0289
=0.461

Current CPI (Sep. 2024) = 133.0289.

AP (Thailand) PCL Quarterly Data

per share eps CPI Adj_EPS
201412 0.193 99.070 0.259
201503 0.178 99.621 0.238
201506 0.204 100.684 0.270
201509 0.237 100.392 0.314
201512 0.215 99.792 0.287
201603 0.145 100.470 0.192
201606 0.167 101.688 0.218
201609 0.145 101.861 0.189
201612 0.402 101.863 0.525
201703 0.174 102.862 0.225
201706 0.195 103.349 0.251
201709 0.202 104.136 0.258
201712 0.432 104.011 0.553
201803 0.276 105.290 0.349
201806 0.378 106.317 0.473
201809 0.295 106.507 0.368
201812 0.311 105.998 0.390
201903 0.343 107.251 0.425
201906 0.155 108.070 0.191
201909 0.197 108.329 0.242
201912 0.280 108.420 0.344
202003 0.197 108.902 0.241
202006 0.386 108.767 0.472
202009 0.461 109.815 0.558
202012 0.296 109.897 0.358
202103 0.446 111.754 0.531
202106 0.354 114.631 0.411
202109 0.328 115.734 0.377
202112 0.312 117.630 0.353
202203 0.550 121.301 0.603
202206 0.500 125.017 0.532
202209 0.451 125.227 0.479
202212 0.367 125.222 0.390
202303 0.470 127.348 0.491
202306 0.491 128.729 0.507
202309 0.539 129.860 0.552
202312 0.420 129.419 0.432
202403 0.321 131.776 0.324
202406 0.403 132.554 0.404
202409 0.461 133.029 0.461

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


AP (Thailand) PCL  (BKK:AP) 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.

AP (Thailand) PCL's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=8.60/1.5
=5.73

* 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 AP (Thailand) PCL was 11.45. The lowest was 4.25. And the median was 8.18.


Be Aware

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


AP (Thailand) PCL E10 Related Terms

Thank you for viewing the detailed overview of AP (Thailand) PCL's E10 provided by GuruFocus.com. Please click on the following links to see related term pages.


AP (Thailand) PCL Business Description

Traded in Other Exchanges
Address
New Rajadapisek Road, No. 170/57, 18th Floor, Ocean Tower I Building, Klongtoey sub district, Klongtoey district, Bangkok, THA, 10110
AP (Thailand) PCL and its subsidiaries operate in property development with a focus on residential projects including townhouses, single-detached houses, and condominiums. The company derives the vast majority of its income from property sales. AP's projects are mainly in central business districts and residential areas with easy access to public transportation in Bangkok. In addition, AP operates subsidiaries that provide property-related services, namely Smart Service and Management, which provides property management services, and Bangkok CitiSmart, which provides property brokerage services.