Bangchak PCL (BKK:BCP) E10: ฿3.62 (As of Dec. 2025)


BKK:BCP Bangchak Corp PCL BKK:BCP
82 GF Score
Price ฿33.25
GF Value ฿40.56
Valuation Modestly Undervalued
! 4 Warning Signs
View Full Analysis

What is Bangchak PCL E10?

Bangchak PCL BKK:BCP +3.91% 82 E10 is ฿3.62 as of Dec. 2025. GuruFocus rates BKK:BCP with a GF Score™ of 82/100 and a GF Value™ of ฿40.56 (Modestly Undervalued). 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.

Bangchak PCL's adjusted earnings per share data for the three months ended in Dec. 2025 was ฿1.505. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ฿3.62 for the trailing ten years ended in Dec. 2025.

During the past 12 months, Bangchak PCL's average E10 Growth Rate was -2.90% per year. During the past 3 years, the average E10 Growth Rate was 6.70% per year. During the past 5 years, the average E10 Growth Rate was 12.70% 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 Bangchak PCL was 18.30% per year. The lowest was -15.20% per year. And the median was 0.70% per year.

As of today (2026-06-27), Bangchak PCL's current stock price is ฿33.25. Bangchak PCL's E10 for the quarter that ended in Dec. 2025 was ฿3.62. Bangchak PCL's Shiller PE Ratio of today is 9.19.

During the past 13 years, the highest Shiller PE Ratio of Bangchak PCL was 13.86. The lowest was 4.97. And the median was 10.03.


Bangchak PCL  (BKK:BCP) 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.

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

Shiller PE Ratio=Share Price/E10
=33.25/3.62
=9.19

* 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 Bangchak PCL was 13.86. The lowest was 4.97. And the median was 10.03.


Be Aware

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


Bangchak PCL E10 Related Terms


Bangchak PCL E10 Historical Data

* Premium members only.

The historical data trend for Bangchak 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.

Bangchak PCL E10 Chart

Bangchak 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 2.33 2.98 3.56 3.73 3.62

Bangchak PCL Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
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 3.73 3.83 3.40 3.46 3.62

BKK:BCP vs VLO, MPC, PSX: E10 Comparison

For the Oil & Gas Refining & Marketing subindustry, Bangchak 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.


Bangchak PCL Shiller PE Ratio vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Bangchak PCL's Shiller PE Ratio distribution charts can be found below:

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


BKK:BCP
82GF Score
Bangchak Corp PCL BKK:BCP
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Bangchak 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, Bangchak PCL's adjusted earnings per share data for the three months ended in Dec. 2025 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=1.505/324.0540*324.0540
=1.505

Current CPI (Dec. 2025) = 324.0540.

Bangchak PCL Quarterly Data

per share eps CPI Adj_EPS
201603 0.200 238.132 0.272
201606 1.750 241.018 2.353
201609 0.850 241.428 1.141
201612 0.667 241.432 0.895
201703 1.510 243.801 2.007
201706 0.720 244.955 0.952
201709 0.770 246.819 1.011
201712 1.069 246.524 1.405
201803 0.850 249.554 1.104
201806 0.720 251.989 0.926
201809 1.350 252.439 1.733
201812 -1.123 251.233 -1.449
201903 0.160 254.202 0.204
201906 0.380 256.143 0.481
201909 0.270 256.759 0.341
201912 0.370 256.974 0.467
202003 -3.490 258.115 -4.382
202006 -1.500 257.797 -1.886
202009 -0.570 260.280 -0.710
202012 0.090 260.474 0.112
202103 1.590 264.877 1.945
202106 1.210 271.696 1.443
202109 1.250 274.310 1.477
202112 1.200 278.802 1.395
202203 3.120 287.504 3.517
202206 3.790 296.311 4.145
202209 1.730 296.808 1.889
202212 0.250 296.797 0.273
202303 1.910 301.836 2.051
202306 0.240 305.109 0.255
202309 7.910 307.789 8.328
202312 -0.820 306.746 -0.866
202403 1.680 312.332 1.743
202406 1.230 314.175 1.269
202409 -1.610 315.301 -1.655
202412 -0.007 315.605 -0.007
202503 1.540 319.799 1.560
202506 -1.860 322.561 -1.869
202509 0.800 324.800 0.798
202512 1.505 324.054 1.505

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 ฿3.62 mean?
Bangchak PCL (BKK:BCP) has a E10 of ฿3.62 as of Dec. 2025. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Bangchak PCL and its competitors.
Is Bangchak PCL's E10 too high?
Bangchak PCL's current E10 is ฿3.62. Overall, Bangchak PCL has a GF Score™ of 82/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Bangchak PCL's E10 compare to VLO and MPC?
Bangchak PCL's E10 of ฿3.62 can be compared against companies in the Oil & Gas 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 an Oil & Gas company?
A good E10 depends on the Oil & Gas 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 Bangchak PCL and its competitors. Bangchak PCL's current E10 is ฿3.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bangchak PCL stock overvalued right now?
Based on GuruFocus' analysis, Bangchak PCL (BKK:BCP) is currently considered Modestly Undervalued. The stock's GF Value™ is ฿40.56, compared to a current price of ฿33.25 — trading 18% below its estimated fair value. The current E10 is ฿3.62. Bangchak PCL's overall GF Score™ is 82/100 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 Bangchak PCL (BKK:BCP), the current E10 is ฿3.62 as of Dec. 2025. 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 Bangchak PCL (BKK:BCP) Overvalued in 2026?

Based on GuruFocus' analysis, Bangchak PCL stock appears to be undervalued. The current stock price of ฿33.25 is trading 18% below its estimated GF Value™ of ฿40.56. GuruFocus considers Bangchak PCL to be Modestly Undervalued.

Key valuation signals for BKK:BCP:

  • E10: ฿3.62
  • GF Value™: ฿40.56 vs. price of ฿33.25 (18% below fair value)
  • GF Score™: 82/100 with 4 warning signs

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


Bangchak PCL Business Description

Industry EnergyOil & Gas
Other Exchanges BCP-F:Thailand
Address Sukhumvit Road, 2098 M Tower Building, 8th Floor, Phra Kanong Tai, Phra Kanong, Bangkok, THA, 10260
Bangchak Corp PCL is a Thailand-based energy company that engages in petroleum refining. The company operates in six reporting segments: Refinery and oil trading, Marketing, Electricity, Bio-based product, Natural resource. Majority of revenue is from Refinery and oil trading. The company Thailand, Singapore, Norway, Laos, Korea, and Others, with maximum of revenue from Thailand.
82GF Score

Get the complete analysis for BKK:BCP

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

฿33.25
Price
฿40.56
GF Value