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Gulf Energy Development PCL (BKK:GULF) E10 : ฿0.46 (As of Dec. 2023)


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What is Gulf Energy Development PCL E10?

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.

Gulf Energy Development PCL's adjusted earnings per share data for the fiscal year that ended in Dec. 2023 was ฿1.270. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ฿0.46 for the trailing ten years ended in Dec. 2023.

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 (2024-04-29), Gulf Energy Development PCL's current stock price is ฿ 40.00. Gulf Energy Development PCL's E10 for the fiscal year that ended in Dec. 2023 was ฿0.46. Gulf Energy Development PCL's Shiller PE Ratio of today is 86.96.

During the past 10 years, the highest Shiller PE Ratio of Gulf Energy Development PCL was 98.91. The lowest was 85.87. And the median was 95.11.


Gulf Energy Development PCL E10 Historical Data

The historical data trend for Gulf Energy Development 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.

* Premium members only.

Gulf Energy Development PCL E10 Chart

Gulf Energy Development PCL Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 0.46

Gulf Energy Development PCL Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 - - - - 0.46

Competitive Comparison of Gulf Energy Development PCL's E10

For the Utilities - Renewable subindustry, Gulf Energy Development 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.


Gulf Energy Development PCL's Shiller PE Ratio Distribution in the Utilities - Independent Power Producers Industry

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

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



Gulf Energy Development 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, Gulf Energy Development PCL's adjusted earnings per share data for the fiscal year that ended in Dec. 2023 was:

Adj_EPS=Earnings per Share (Diluted) /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=1.27/129.4194*129.4194
=1.270

Current CPI (Dec. 2023) = 129.4194.

Gulf Energy Development PCL Annual Data

per_share_eps CPI Adj_EPS
201412 -0.040 99.070 -0.052
201512 -0.076 99.792 -0.099
201612 0.039 101.863 0.050
201712 0.320 104.011 0.398
201812 0.284 105.998 0.347
201912 0.455 108.420 0.543
202012 0.390 109.897 0.459
202112 0.650 117.630 0.715
202212 0.970 125.222 1.003
202312 1.270 129.419 1.270

Add all the adjusted EPS together and divide 10 will get our e10.


Gulf Energy Development PCL  (BKK:GULF) 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.

Gulf Energy Development PCL's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=40.00/0.46
=86.96

* 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 10 years, the highest Shiller P/E Ratio of Gulf Energy Development PCL was 98.91. The lowest was 85.87. And the median was 95.11.


Be Aware

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


Gulf Energy Development PCL E10 Related Terms

Thank you for viewing the detailed overview of Gulf Energy Development PCL's E10 provided by GuruFocus.com. Please click on the following links to see related term pages.


Gulf Energy Development PCL (BKK:GULF) Business Description

Traded in Other Exchanges
Address
Wireless Road, All Seasons Place, 87 M.Thai Tower 11th Floor, Lumpini, Pathumwan, Bangkok, THA, 10330
Gulf Energy Development PCL is a Thailand based business, that engages in electricity-generating business. The principal operation of the group is to generate and sell electricity, steam and cold water storing and converting natural gas from liquid to gas, provide satellite services and, and other related businesses. It is also involved in the business of renewable energy, such as solar rooftops and biomass energy. It operates through the following segments: The power segment, the Infrastructure segment, Satellite business segment, and Consulting segment. Geographically the company caters its services to both domestic and international markets.

Gulf Energy Development PCL (BKK:GULF) Headlines