Bank Of Ayudhya PCL (BKK:BAY) E10: ฿4.70 (As of Jun. 2026)

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BKK:BAY Bank Of Ayudhya PCL BKK:BAY
73 GF Score
Price ฿38.50
GF Value ฿27.69
Valuation Significantly Overvalued
! 1 Warning Sign
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What is Bank Of Ayudhya PCL E10?

Bank Of Ayudhya PCL BKK:BAY 73 E10 is ฿4.70 as of Jun. 2026. GuruFocus rates BKK:BAY with a GF Score™ of 73/100 and a GF Value™ of ฿27.69 (Significantly Overvalued). The stock has 1 warning sign 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.

Bank Of Ayudhya PCL's adjusted earnings per share data for the three months ended in Jun. 2026 was ฿1.128. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ฿4.70 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Bank Of Ayudhya PCL's average E10 Growth Rate was 4.90% 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 8.50% 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 Bank Of Ayudhya PCL was 12.70% per year. The lowest was 6.10% per year. And the median was 10.10% per year.

As of today (2026-09-16), Bank Of Ayudhya PCL's current stock price is ฿38.50. Bank Of Ayudhya PCL's E10 for the quarter that ended in Jun. 2026 was ฿4.70. Bank Of Ayudhya PCL's Shiller PE Ratio of today is 8.19.

During the past 13 years, the highest Shiller PE Ratio of Bank Of Ayudhya PCL was 21.26. The lowest was 4.80. And the median was 8.58.


Bank Of Ayudhya PCL  (BKK:BAY) 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.

Bank Of Ayudhya PCL's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=38.50/4.702
=8.19

* 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 Bank Of Ayudhya PCL was 21.26. The lowest was 4.80. And the median was 8.58.


Be Aware

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


Bank Of Ayudhya PCL E10 Related Terms


Bank Of Ayudhya PCL E10 Historical Data

* Premium members only.

The historical data trend for Bank Of Ayudhya 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.

Bank Of Ayudhya PCL E10 Chart

Bank Of Ayudhya 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 3.45 3.78 4.09 4.30 4.50

Bank Of Ayudhya PCL Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 4.48 4.54 4.53 4.64 4.70

Bank Of Ayudhya PCL E10 Competitor Comparison

For the Banks - Regional subindustry, Bank Of Ayudhya 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.


Bank Of Ayudhya PCL Shiller PE Ratio vs Banks Industry

For the Banks industry and Financial Services sector, Bank Of Ayudhya PCL's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Bank Of Ayudhya PCL's Shiller PE Ratio falls into.


BKK:BAY
73GF Score
Bank Of Ayudhya PCL BKK:BAY
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
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Bank Of Ayudhya 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, Bank Of Ayudhya PCL's adjusted earnings per share data for the three months ended in Jun. 2026 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=1.1275/333.9520*333.9520
=1.128

Current CPI (Jun. 2026) = 333.9520.

Bank Of Ayudhya PCL Quarterly Data

per share eps CPI Adj_EPS
201609 0.790 241.428 1.093
201612 0.700 241.432 0.968
201703 0.767 243.801 1.051
201706 0.798 244.955 1.088
201709 0.818 246.819 1.106
201712 0.772 246.524 1.046
201803 0.840 249.554 1.124
201806 0.850 251.989 1.126
201809 0.845 252.439 1.118
201812 0.831 251.233 1.104
201903 1.732 254.202 2.275
201906 0.953 256.143 1.242
201909 0.892 256.759 1.161
201912 0.875 256.974 1.137
202003 0.956 258.115 1.237
202006 0.885 257.797 1.146
202009 0.831 260.280 1.067
202012 0.460 260.474 0.590
202103 0.884 264.877 1.115
202106 1.977 271.696 2.430
202109 0.865 274.310 1.053
202112 0.868 278.802 1.040
202203 1.009 287.504 1.171
202206 1.065 296.311 1.200
202209 1.097 296.808 1.234
202212 1.005 296.797 1.131
202303 1.180 301.836 1.305
202306 1.145 305.109 1.254
202309 1.101 307.789 1.194
202312 1.051 306.746 1.144
202403 1.025 312.332 1.096
202406 1.116 314.175 1.186
202409 1.043 315.301 1.105
202412 0.853 315.605 0.903
202503 1.024 319.799 1.070
202506 1.128 322.561 1.168
202509 1.194 324.800 1.228
202512 0.969 324.054 0.998
202603 1.172 330.213 1.185
202606 1.128 333.952 1.128

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 ฿4.70 mean?
Bank Of Ayudhya PCL (BKK:BAY) has a E10 of ฿4.70 as of Jun. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Bank Of Ayudhya PCL and its competitors.
Is Bank Of Ayudhya PCL's E10 too high?
Bank Of Ayudhya PCL's current E10 is ฿4.70. Overall, Bank Of Ayudhya PCL has a GF Score™ of 73/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Bank Of Ayudhya PCL's E10 compare to competitors?
Bank Of Ayudhya PCL's E10 of ฿4.70 can be compared against companies in the Banks 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 Banks company?
A good E10 depends on the Banks 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 Bank Of Ayudhya PCL and its competitors. Bank Of Ayudhya PCL's current E10 is ฿4.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bank Of Ayudhya PCL stock overvalued right now?
Based on GuruFocus' analysis, Bank Of Ayudhya PCL (BKK:BAY) is currently considered Significantly Overvalued. The stock's GF Value™ is ฿27.69, compared to a current price of ฿38.50 — trading 39% above its estimated fair value. The current E10 is ฿4.70. Bank Of Ayudhya PCL's overall GF Score™ is 73/100 with 1 warning sign 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 Bank Of Ayudhya PCL (BKK:BAY), the current E10 is ฿4.70 as of Jun. 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 Bank Of Ayudhya PCL (BKK:BAY) Overvalued in 2026?

Based on GuruFocus' analysis, Bank Of Ayudhya PCL stock appears to be overvalued. The current stock price of ฿38.50 is trading 39% above its estimated GF Value™ of ฿27.69. GuruFocus considers Bank Of Ayudhya PCL to be Significantly Overvalued.

Key valuation signals for BKK:BAY:

  • E10: ฿4.70
  • GF Value™: ฿27.69 vs. price of ฿38.50 (39% above fair value)
  • GF Score™: 73/100 with 1 warning sign

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


Bank Of Ayudhya PCL Business Description

Other Exchanges BAY-F:ThailandNVAU:Germany
Address 1222 Rama III Road, Bang Phongphang Subdistrict, Yannawa District, Bangkok, THA, 10120
Bank Of Ayudhya PCL is a full-service universal bank commonly referred to as Krunsgri, operating mostly in Thailand, and with some exposure to other Asian countries. The bank's operations include commercial banking, retail banking, and other financial services, such as wealth management, credit cards, insurance, asset management, securities trading, auto hire purchase, equipment leasing, factoring, microfinance, and installment loans. Its segments include Retail, Commercial, and Others. The majority of revenue is derived from the Retail segment.
73GF Score

Get the complete analysis for BKK:BAY

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

฿38.50
Price
฿27.69
GF Value