Carabao Group PCL (BKK:CBG) E10: ฿2.65 (As of Mar. 2026)


BKK:CBG Carabao Group PCL BKK:CBG
84 GF Score
Price ฿48.50
GF Value ฿76.68
Valuation Significantly Undervalued
! 3 Warning Signs
View Full Analysis

What is Carabao Group PCL E10?

Carabao Group PCL BKK:CBG -1.52% 84 E10 is ฿2.65 as of Mar. 2026. GuruFocus rates BKK:CBG with a GF Score™ of 84/100 and a GF Value™ of ฿76.68 (Significantly Undervalued). The stock has 3 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.

Carabao Group PCL's adjusted earnings per share data for the three months ended in Mar. 2026 was ฿0.610. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ฿2.65 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Carabao Group PCL's average E10 Growth Rate was 4.30% 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 (2026-07-08), Carabao Group PCL's current stock price is ฿48.50. Carabao Group PCL's E10 for the quarter that ended in Mar. 2026 was ฿2.65. Carabao Group PCL's Shiller PE Ratio of today is 18.30.

During the past 13 years, the highest Shiller PE Ratio of Carabao Group PCL was 43.92. The lowest was 13.17. And the median was 28.42.


Carabao Group PCL  (BKK:CBG) 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.

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

Shiller PE Ratio=Share Price/E10
=48.50/2.65
=18.30

* 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 Carabao Group PCL was 43.92. The lowest was 13.17. And the median was 28.42.


Be Aware

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


Carabao Group PCL E10 Related Terms


Carabao Group PCL E10 Historical Data

* Premium members only.

The historical data trend for Carabao Group 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.

Carabao Group PCL E10 Chart

Carabao Group 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 2.28 2.47 2.60

Carabao Group 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 2.54 2.59 2.63 2.60 2.65

BKK:CBG vs KO, PEP, MNST: E10 Comparison

For the Beverages - Non-Alcoholic subindustry, Carabao Group 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.


Carabao Group PCL Shiller PE Ratio vs Beverages - Non-Alcoholic Industry

For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Carabao Group PCL's Shiller PE Ratio distribution charts can be found below:

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


BKK:CBG
84GF Score
Carabao Group PCL BKK:CBG
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Carabao Group 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, Carabao Group 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)
=0.61/330.2130*330.2130
=0.610

Current CPI (Mar. 2026) = 330.2130.

Carabao Group PCL Quarterly Data

per share eps CPI Adj_EPS
201606 0.390 241.018 0.534
201609 0.440 241.428 0.602
201612 0.280 241.432 0.383
201703 0.220 243.801 0.298
201706 0.430 244.955 0.580
201709 0.390 246.819 0.522
201712 0.209 246.524 0.280
201803 0.180 249.554 0.238
201806 0.210 251.989 0.275
201809 0.260 252.439 0.340
201812 0.510 251.233 0.670
201903 0.419 254.202 0.544
201906 0.550 256.143 0.709
201909 0.730 256.759 0.939
201912 0.803 256.974 1.032
202003 0.801 258.115 1.025
202006 0.880 257.797 1.127
202009 0.970 260.280 1.231
202012 0.873 260.474 1.107
202103 0.700 264.877 0.873
202106 0.970 271.696 1.179
202109 0.600 274.310 0.722
202112 0.610 278.802 0.722
202203 0.660 287.504 0.758
202206 0.740 296.311 0.825
202209 0.480 296.808 0.534
202212 0.408 296.797 0.454
202303 0.260 301.836 0.284
202306 0.480 305.109 0.519
202309 0.530 307.789 0.569
202312 0.649 306.746 0.699
202403 0.630 312.332 0.666
202406 0.690 314.175 0.725
202409 0.740 315.301 0.775
202412 0.780 315.605 0.816
202503 0.760 319.799 0.785
202506 0.800 322.561 0.819
202509 0.620 324.800 0.630
202512 0.140 324.054 0.143
202603 0.610 330.213 0.610

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 ฿2.65 mean?
Carabao Group PCL (BKK:CBG) has a E10 of ฿2.65 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Carabao Group PCL and its competitors.
Is Carabao Group PCL's E10 too high?
Carabao Group PCL's current E10 is ฿2.65. Overall, Carabao Group PCL has a GF Score™ of 84/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Carabao Group PCL's E10 compare to KO and PEP?
Carabao Group PCL's E10 of ฿2.65 can be compared against companies in the Beverages - Non-Alcoholic 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 Beverages - Non-Alcoholic company?
A good E10 depends on the Beverages - Non-Alcoholic 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 Carabao Group PCL and its competitors. Carabao Group PCL's current E10 is ฿2.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Carabao Group PCL stock overvalued right now?
Based on GuruFocus' analysis, Carabao Group PCL (BKK:CBG) is currently considered Significantly Undervalued. The stock's GF Value™ is ฿76.68, compared to a current price of ฿48.50 — trading 36.8% below its estimated fair value. The current E10 is ฿2.65. Carabao Group PCL's overall GF Score™ is 84/100 with 3 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 Carabao Group PCL (BKK:CBG), the current E10 is ฿2.65 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 Carabao Group PCL (BKK:CBG) Overvalued in 2026?

Based on GuruFocus' analysis, Carabao Group PCL stock appears to be undervalued. The current stock price of ฿48.50 is trading 36.8% below its estimated GF Value™ of ฿76.68. GuruFocus considers Carabao Group PCL to be Significantly Undervalued.

Key valuation signals for BKK:CBG:

  • E10: ฿2.65
  • GF Value™: ฿76.68 vs. price of ฿48.50 (36.8% below fair value)
  • GF Score™: 84/100 with 3 warning signs

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


Carabao Group PCL Business Description

Other Exchanges CBG-F:Thailand
Address Silom Road, 393 Silom Building, 393, 7th - 10th Floor, Silom, Bangrak, Bangkok, THA, 10500
Carabao Group PCL manufactures and distributes energy drinks, water, and coffee under different brand names through its subsidiaries. It operates in three reportable segments: Manufacture and distribution of drinks under Group's trademark, Distribution of OEM products under Group's trademark, and Distribution of other products. A majority of the company's revenue is generated from the Manufacture and distribution of drinks under Group's trademark segment, which manufactures and sells carbonated and non-carbonated energy drinks, coffee, sports drinks, and vitamin-C drinks through Carabao and Woody C plus brands. Geographically, the company generates maximum revenue from the domestic market, and the rest from overseas markets like the United Kingdom, and other regions.
84GF Score

Get the complete analysis for BKK:CBG

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

฿48.50
Price
฿76.68
GF Value