MFC Industrial Investment Freehold and Leasehold REIT (BKK:MII) E10: ฿0.79 (As of Mar. 2026)


BKK:MII MFC Industrial Investment Freehold and Leasehold REIT BKK:MII
66 GF Score
Price ฿5.80
GF Value ฿6.20
Valuation Fairly Valued
! 4 Warning Signs
View Full Analysis

What is MFC Industrial Investment Freehold and Leasehold REIT E10?

MFC Industrial Investment Freehold and Leasehold REIT BKK:MII 66 E10 is ฿0.79 as of Mar. 2026. GuruFocus rates BKK:MII with a GF Score™ of 66/100 and a GF Value™ of ฿6.20 (Fairly Valued). 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.

MFC Industrial Investment Freehold and Leasehold REIT's adjusted earnings per share data for the three months ended in Mar. 2026 was ฿0.171. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ฿0.79 for the trailing ten years ended in Mar. 2026.

During the past 12 months, MFC Industrial Investment Freehold and Leasehold REIT's average E10 Growth Rate was 3.90% 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 (2026-06-26), MFC Industrial Investment Freehold and Leasehold REIT's current stock price is ฿5.80. MFC Industrial Investment Freehold and Leasehold REIT's E10 for the quarter that ended in Mar. 2026 was ฿0.79. MFC Industrial Investment Freehold and Leasehold REIT's Shiller PE Ratio of today is 7.34.

During the past 13 years, the highest Shiller PE Ratio of MFC Industrial Investment Freehold and Leasehold REIT was 7.39. The lowest was 5.62. And the median was 6.39.


MFC Industrial Investment Freehold and Leasehold REIT  (BKK:MII) 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.

MFC Industrial Investment Freehold and Leasehold REIT's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=5.80/0.79
=7.34

* 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 MFC Industrial Investment Freehold and Leasehold REIT was 7.39. The lowest was 5.62. And the median was 6.39.


Be Aware

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


MFC Industrial Investment Freehold and Leasehold REIT E10 Related Terms


MFC Industrial Investment Freehold and Leasehold REIT E10 Historical Data

* Premium members only.

The historical data trend for MFC Industrial Investment Freehold and 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.

MFC Industrial Investment Freehold and Leasehold REIT E10 Chart

MFC Industrial Investment Freehold and Leasehold REIT 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 0.77

MFC Industrial Investment Freehold and 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 0.76 0.76 0.78 0.77 0.79

BKK:MII vs VICI, WPC, BNL: E10 Comparison

For the REIT - Diversified subindustry, MFC Industrial Investment Freehold and 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.


MFC Industrial Investment Freehold and Leasehold REIT Shiller PE Ratio vs REITs Industry

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

* The bar in red indicates where MFC Industrial Investment Freehold and Leasehold REIT's Shiller PE Ratio falls into.


BKK:MII
66GF Score
MFC Industrial Investment Freehold and Leasehold REIT BKK:MII
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

MFC Industrial Investment Freehold and 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, MFC Industrial Investment Freehold and 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)
=0.171/330.2130*330.2130
=0.171

Current CPI (Mar. 2026) = 330.2130.

MFC Industrial Investment Freehold and Leasehold REIT Quarterly Data

per share eps CPI Adj_EPS
201506 0.000 238.638 0.000
201512 0.000 236.525 0.000
201606 0.000 241.018 0.000
201612 0.000 241.432 0.000
201706 0.000 244.955 0.000
201709 -0.032 246.819 -0.043
201712 0.153 246.524 0.205
201803 0.153 249.554 0.202
201806 0.185 251.989 0.242
201809 0.115 252.439 0.150
201812 0.144 251.233 0.189
201903 0.152 254.202 0.197
201906 0.146 256.143 0.188
201909 0.079 256.759 0.102
201912 0.147 256.974 0.189
202003 0.158 258.115 0.202
202006 0.153 257.797 0.196
202009 0.254 260.280 0.322
202012 0.164 260.474 0.208
202103 0.167 264.877 0.208
202106 0.172 271.696 0.209
202109 0.250 274.310 0.301
202112 0.150 278.802 0.178
202203 0.150 287.504 0.172
202206 0.160 296.311 0.178
202209 0.205 296.808 0.228
202212 0.165 296.797 0.184
202303 0.156 301.836 0.171
202306 0.171 305.109 0.185
202309 0.246 307.789 0.264
202312 0.177 306.746 0.191
202403 0.185 312.332 0.196
202406 0.180 314.175 0.189
202409 0.280 315.301 0.293
202412 0.000 315.605 0.000
202503 0.165 319.799 0.170
202506 0.163 322.561 0.167
202509 0.282 324.800 0.287
202512 0.178 324.054 0.181
202603 0.171 330.213 0.171

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 ฿0.79 mean?
MFC Industrial Investment Freehold and Leasehold REIT (BKK:MII) has a E10 of ฿0.79 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on MFC Industrial Investment Freehold and Leasehold REIT and its competitors.
Is MFC Industrial Investment Freehold and Leasehold REIT's E10 too high?
MFC Industrial Investment Freehold and Leasehold REIT's current E10 is ฿0.79. Overall, MFC Industrial Investment Freehold and Leasehold REIT has a GF Score™ of 66/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does MFC Industrial Investment Freehold and Leasehold REIT's E10 compare to VICI and WPC?
MFC Industrial Investment Freehold and Leasehold REIT's E10 of ฿0.79 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 MFC Industrial Investment Freehold and Leasehold REIT and its competitors. MFC Industrial Investment Freehold and Leasehold REIT's current E10 is ฿0.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MFC Industrial Investment Freehold and Leasehold REIT stock overvalued right now?
Based on GuruFocus' analysis, MFC Industrial Investment Freehold and Leasehold REIT (BKK:MII) is currently considered Fairly Valued. The stock's GF Value™ is ฿6.20, compared to a current price of ฿5.80 — trading 6.5% below its estimated fair value. The current E10 is ฿0.79. MFC Industrial Investment Freehold and Leasehold REIT's overall GF Score™ is 66/100 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 MFC Industrial Investment Freehold and Leasehold REIT (BKK:MII), the current E10 is ฿0.79 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 MFC Industrial Investment Freehold and Leasehold REIT (BKK:MII) Overvalued in 2026?

Based on GuruFocus' analysis, MFC Industrial Investment Freehold and Leasehold REIT stock appears to be undervalued. The current stock price of ฿5.80 is trading 6.5% below its estimated GF Value™ of ฿6.20. GuruFocus considers MFC Industrial Investment Freehold and Leasehold REIT to be Fairly Valued.

Key valuation signals for BKK:MII:

  • E10: ฿0.79
  • GF Value™: ฿6.20 vs. price of ฿5.80 (6.5% below fair value)
  • GF Score™: 66/100 with 4 warning signs

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


MFC Industrial Investment Freehold and Leasehold REIT Business Description

Industry Real EstateREITs
Other Exchanges MII-F:Thailand
Address Wireless Road, 195 One Bangkok Tower 4, 16th-17th Floor, Lumpini, Pathumwan, Bangkok, THA, 10330
MFC Industrial Investment Freehold and Leasehold REIT is a close-ended property fund with no maturity date. Its objective of supporting the conversion from a Fund and to raise funds to invest in real estate or accept the transfer of leasehold rights to real estate, sub-leasehold rights to real estate, including movable properties and equipment related to operations and to generate benefits from real estate. The Trust has operated under one geographical activity for segment information which is the rental of properties in Thailand.
66GF Score

Get the complete analysis for BKK:MII

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

฿5.80
Price
฿6.20
GF Value