Frasers Property Thailand Industrial Freehold & Leasehold REIT (BKK:FTREIT) E10: ฿0.94 (As of Mar. 2026)

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BKK:FTREIT Frasers Property Thailand Industrial Freehold & Leasehold REIT BKK:FTREIT
75 GF Score
Price ฿12.50
GF Value ฿11.02
Valuation Modestly Overvalued
! 12 Warning Signs
View Full Analysis

What is Frasers Property Thailand Industrial Freehold & Leasehold REIT E10?

Frasers Property Thailand Industrial Freehold & Leasehold REIT BKK:FTREIT 75 E10 is ฿0.94 as of Mar. 2026. GuruFocus rates BKK:FTREIT with a GF Score™ of 75/100 and a GF Value™ of ฿11.02 (Modestly Overvalued). 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.

Frasers Property Thailand Industrial Freehold & Leasehold REIT's adjusted earnings per share data for the three months ended in Mar. 2026 was ฿0.211. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ฿0.94 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Frasers Property Thailand Industrial Freehold & Leasehold REIT's average E10 Growth Rate was 9.30% 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 (2026-07-22), Frasers Property Thailand Industrial Freehold & Leasehold REIT's current stock price is ฿12.50. Frasers Property Thailand Industrial Freehold & Leasehold REIT's E10 for the quarter that ended in Mar. 2026 was ฿0.94. Frasers Property Thailand Industrial Freehold & Leasehold REIT's Shiller PE Ratio of today is 13.30.

During the past 11 years, the highest Shiller PE Ratio of Frasers Property Thailand Industrial Freehold & Leasehold REIT was 13.09. The lowest was 9.62. And the median was 11.80.


Frasers Property Thailand Industrial Freehold & Leasehold REIT  (BKK:FTREIT) 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.

Frasers Property Thailand Industrial Freehold & Leasehold REIT's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=12.50/0.94
=13.30

* 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 11 years, the highest Shiller P/E Ratio of Frasers Property Thailand Industrial Freehold & Leasehold REIT was 13.09. The lowest was 9.62. And the median was 11.80.


Be Aware

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


Frasers Property Thailand Industrial Freehold & Leasehold REIT E10 Related Terms


Frasers Property Thailand Industrial Freehold & Leasehold REIT E10 Historical Data

* Premium members only.

The historical data trend for Frasers Property Thailand Industrial Freehold & Leasehold REIT'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.

Frasers Property Thailand Industrial Freehold & Leasehold REIT E10 Chart

Frasers Property Thailand Industrial Freehold & Leasehold REIT Annual Data
Trend Dec15 Dec16 Dec17 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.85 0.93

Frasers Property Thailand Industrial Freehold & Leasehold REIT 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 0.86 0.92 0.93 0.93 0.94

BKK:FTREIT vs PLD, PSA, EXR: E10 Comparison

For the REIT - Industrial subindustry, Frasers Property Thailand Industrial Freehold & Leasehold REIT'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.


Frasers Property Thailand Industrial Freehold & Leasehold REIT Shiller PE Ratio vs REITs Industry

For the REITs industry and Real Estate sector, Frasers Property Thailand Industrial Freehold & Leasehold REIT's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Frasers Property Thailand Industrial Freehold & Leasehold REIT's Shiller PE Ratio falls into.


BKK:FTREIT
75GF Score
Frasers Property Thailand Industrial Freehold & Leasehold REIT BKK:FTREIT
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Frasers Property Thailand Industrial Freehold & Leasehold REIT 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, Frasers Property Thailand Industrial Freehold & Leasehold REIT'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)
=0.211/330.2130*330.2130
=0.211

Current CPI (Mar. 2026) = 330.2130.

Frasers Property Thailand Industrial Freehold & Leasehold REIT Quarterly Data

per share eps CPI Adj_EPS
201606 0.335 241.018 0.459
201609 0.151 241.428 0.207
201612 0.174 241.432 0.238
201703 0.143 243.801 0.194
201706 0.058 244.955 0.078
201709 0.151 246.819 0.202
201712 0.010 246.524 0.013
201803 0.160 249.554 0.212
201806 0.154 251.989 0.202
201809 0.832 252.439 1.088
201812 0.185 251.233 0.243
201903 0.189 254.202 0.246
201906 0.170 256.143 0.219
201909 0.159 256.759 0.204
201912 0.185 256.974 0.238
202003 0.182 258.115 0.233
202006 0.182 257.797 0.233
202009 -0.113 260.280 -0.143
202012 0.189 260.474 0.240
202103 0.200 264.877 0.249
202106 0.111 271.696 0.135
202109 0.214 274.310 0.258
202112 0.152 278.802 0.180
202203 0.204 287.504 0.234
202206 0.250 296.311 0.279
202209 0.176 296.808 0.196
202212 0.220 296.797 0.245
202303 0.203 301.836 0.222
202306 0.218 305.109 0.236
202309 0.286 307.789 0.307
202312 0.187 306.746 0.201
202403 0.167 312.332 0.177
202406 0.187 314.175 0.197
202409 0.190 315.301 0.199
202412 0.193 315.605 0.202
202503 0.272 319.799 0.281
202506 0.250 322.561 0.256
202509 0.341 324.800 0.347
202512 0.187 324.054 0.191
202603 0.211 330.213 0.211

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 ฿0.94 mean?
Frasers Property Thailand Industrial Freehold & Leasehold REIT (BKK:FTREIT) has a E10 of ฿0.94 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Frasers Property Thailand Industrial Freehold & Leasehold REIT and its competitors.
Is Frasers Property Thailand Industrial Freehold & Leasehold REIT's E10 too high?
Frasers Property Thailand Industrial Freehold & Leasehold REIT's current E10 is ฿0.94. Overall, Frasers Property Thailand Industrial Freehold & Leasehold REIT has a GF Score™ of 75/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Frasers Property Thailand Industrial Freehold & Leasehold REIT's E10 compare to PLD and PSA?
Frasers Property Thailand Industrial Freehold & Leasehold REIT's E10 of ฿0.94 can be compared against companies in the REITs 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 REITs company?
A good E10 depends on the REITs 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 Frasers Property Thailand Industrial Freehold & Leasehold REIT and its competitors. Frasers Property Thailand Industrial Freehold & Leasehold REIT's current E10 is ฿0.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Frasers Property Thailand Industrial Freehold & Leasehold REIT stock overvalued right now?
Based on GuruFocus' analysis, Frasers Property Thailand Industrial Freehold & Leasehold REIT (BKK:FTREIT) is currently considered Modestly Overvalued. The stock's GF Value™ is ฿11.02, compared to a current price of ฿12.50 — trading 13.4% above its estimated fair value. The current E10 is ฿0.94. Frasers Property Thailand Industrial Freehold & Leasehold REIT's overall GF Score™ is 75/100 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 Frasers Property Thailand Industrial Freehold & Leasehold REIT (BKK:FTREIT), the current E10 is ฿0.94 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 Frasers Property Thailand Industrial Freehold & Leasehold REIT (BKK:FTREIT) Overvalued in 2026?

Based on GuruFocus' analysis, Frasers Property Thailand Industrial Freehold & Leasehold REIT stock appears to be overvalued. The current stock price of ฿12.50 is trading 13.4% above its estimated GF Value™ of ฿11.02. GuruFocus considers Frasers Property Thailand Industrial Freehold & Leasehold REIT to be Modestly Overvalued.

Key valuation signals for BKK:FTREIT:

  • E10: ฿0.94
  • GF Value™: ฿11.02 vs. price of ฿12.50 (13.4% above fair value)
  • GF Score™: 75/100 with 12 warning signs

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


Frasers Property Thailand Industrial Freehold & Leasehold REIT Business Description

Industry Real EstateREITs
Address Rama 4 Road, No. 944 Mitrtown Office Tower, 22nd-23rd Floor, Wang Mai Sub-district, Pathum Wan District, Bangkok, THA, 10330
Frasers Property Thailand Industrial Freehold & Leasehold REIT invests in high-quality industrial and logistics properties. Its portfolio includes domestic factories, warehouses, and industrial and logistics properties which can generate high returns. The trust's objectives are to raise funds from general investors and to use the proceeds from such fundraising to acquire, lease, and/or sub-lease immovable properties. Its reportable operating segment is to provide the rental of immovable properties. Geographically, the trust's operation is carried on only in Thailand.
75GF Score

Get the complete analysis for BKK:FTREIT

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

฿12.50
Price
฿11.02
GF Value