B.Grimm Power PCL (BKK:BGRIM) E10: ฿0.52 (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:BGRIM B.Grimm Power PCL BKK:BGRIM
83 GF Score
Price ฿19.20
GF Value ฿20.65
Valuation Fairly Valued
! 12 Warning Signs
View Full Analysis

What is B.Grimm Power PCL E10?

B.Grimm Power PCL BKK:BGRIM -2.54% 83 E10 is ฿0.52 as of Mar. 2026. GuruFocus rates BKK:BGRIM with a GF Score™ of 83/100 and a GF Value™ of ฿20.65 (Fairly Valued). The stock has 12 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.

B.Grimm Power PCL's adjusted earnings per share data for the three months ended in Mar. 2026 was ฿0.190. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ฿0.52 for the trailing ten years ended in Mar. 2026.

During the past 12 months, B.Grimm Power PCL's 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.

As of today (2026-07-24), B.Grimm Power PCL's current stock price is ฿19.20. B.Grimm Power PCL's E10 for the quarter that ended in Mar. 2026 was ฿0.52. B.Grimm Power PCL's Shiller PE Ratio of today is 36.92.

During the past 13 years, the highest Shiller PE Ratio of B.Grimm Power PCL was 38.85. The lowest was 15.59. And the median was 24.27.


B.Grimm Power PCL  (BKK:BGRIM) 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.

B.Grimm Power PCL's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=19.20/0.52
=36.92

* 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 B.Grimm Power PCL was 38.85. The lowest was 15.59. And the median was 24.27.


Be Aware

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


B.Grimm Power PCL E10 Related Terms


B.Grimm Power PCL E10 Historical Data

* Premium members only.

The historical data trend for B.Grimm Power 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.

B.Grimm Power PCL E10 Chart

B.Grimm Power 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 0.00 0.00 0.53

B.Grimm Power 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 0.59 0.57 0.57 0.53 0.52

BKK:BGRIM vs CEG, VST, NRG: E10 Comparison

For the Utilities - Independent Power Producers subindustry, B.Grimm Power 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.


B.Grimm Power PCL Shiller PE Ratio vs Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, B.Grimm Power PCL's Shiller PE Ratio distribution charts can be found below:

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


BKK:BGRIM
83GF Score
B.Grimm Power PCL BKK:BGRIM
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

B.Grimm Power 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, B.Grimm Power 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)
=0.19/330.2130*330.2130
=0.190

Current CPI (Mar. 2026) = 330.2130.

B.Grimm Power PCL Quarterly Data

per share eps CPI Adj_EPS
201606 0.310 241.018 0.425
201609 0.250 241.428 0.342
201612 -0.054 241.432 -0.074
201703 0.360 243.801 0.488
201706 0.220 244.955 0.297
201709 0.230 246.819 0.308
201712 0.160 246.524 0.214
201803 0.280 249.554 0.370
201806 0.080 251.989 0.105
201809 0.300 252.439 0.392
201812 0.050 251.233 0.066
201903 0.200 254.202 0.260
201906 0.240 256.143 0.309
201909 0.300 256.759 0.386
201912 0.140 256.974 0.180
202003 0.010 258.115 0.013
202006 0.350 257.797 0.448
202009 0.160 260.280 0.203
202012 0.067 260.474 0.085
202103 0.200 264.877 0.249
202106 0.350 271.696 0.425
202109 0.130 274.310 0.156
202112 -0.079 278.802 -0.094
202203 -0.030 287.504 -0.034
202206 -0.110 296.311 -0.123
202209 -0.240 296.808 -0.267
202212 -0.362 296.797 -0.403
202303 0.120 301.836 0.131
202306 0.180 305.109 0.195
202309 0.050 307.789 0.054
202312 -0.109 306.746 -0.117
202403 0.060 312.332 0.063
202406 0.010 314.175 0.011
202409 0.020 315.301 0.021
202412 -0.032 315.605 -0.033
202503 0.160 319.799 0.165
202506 -0.080 322.561 -0.082
202509 0.050 324.800 0.051
202512 -0.164 324.054 -0.167
202603 0.190 330.213 0.190

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 ฿0.52 mean?
B.Grimm Power PCL (BKK:BGRIM) has a E10 of ฿0.52 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on B.Grimm Power PCL and its competitors.
Is B.Grimm Power PCL's E10 too high?
B.Grimm Power PCL's current E10 is ฿0.52. Overall, B.Grimm Power PCL has a GF Score™ of 83/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does B.Grimm Power PCL's E10 compare to CEG and VST?
B.Grimm Power PCL's E10 of ฿0.52 can be compared against companies in the Utilities - Independent Power Producers 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 Utilities - Independent Power Producers company?
A good E10 depends on the Utilities - Independent Power Producers 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 B.Grimm Power PCL and its competitors. B.Grimm Power PCL's current E10 is ฿0.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is B.Grimm Power PCL stock overvalued right now?
Based on GuruFocus' analysis, B.Grimm Power PCL (BKK:BGRIM) is currently considered Fairly Valued. The stock's GF Value™ is ฿20.65, compared to a current price of ฿19.20 — trading 7% below its estimated fair value. The current E10 is ฿0.52. B.Grimm Power PCL's overall GF Score™ is 83/100 with 12 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 B.Grimm Power PCL (BKK:BGRIM), the current E10 is ฿0.52 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 B.Grimm Power PCL (BKK:BGRIM) Overvalued in 2026?

Based on GuruFocus' analysis, B.Grimm Power PCL stock appears to be undervalued. The current stock price of ฿19.20 is trading 7% below its estimated GF Value™ of ฿20.65. GuruFocus considers B.Grimm Power PCL to be Fairly Valued.

Key valuation signals for BKK:BGRIM:

  • E10: ฿0.52
  • GF Value™: ฿20.65 vs. price of ฿19.20 (7% below fair value)
  • GF Score™: 83/100 with 12 warning signs

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


B.Grimm Power PCL Business Description

Other Exchanges BGRIM-F:Thailand
Address 5, Krungthepkreetha Road, Dr. Gerhard Link Building, Huamark, Bangkapi, Bangkok, THA, 10240
B.Grimm Power PCL, along with its subsidiaries, is engaged in the generation and distribution of electricity for the government sectors and Industrial Users, both in Thailand and overseas. The company operates through two reportable segments: 1) Electricity generating: This segment is the generation and distribution of electricity for the government sectors and industrial users both in Thailand and overseas and procure and wholesale liquefied natural gas to the entities in the Group. 2) Other businesses: This segment is the business of investment holding, maintenance, and operating services forpower plants. The majority of the company's revenue comes from Electricity generating segment. Geographically, it derives the maximum revenue from Thailand.
83GF Score

Get the complete analysis for BKK:BGRIM

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

฿19.20
Price
฿20.65
GF Value