Modernform Group PCL (BKK:MODERN) E10: ฿0.19 (As of Mar. 2026)


BKK:MODERN Modernform Group PCL BKK:MODERN
57 GF Score
Price ฿2.08
GF Value ฿2.06
Valuation Fairly Valued
! 6 Warning Signs
View Full Analysis

What is Modernform Group PCL E10?

Modernform Group PCL BKK:MODERN +1.96% 57 E10 is ฿0.19 as of Mar. 2026. GuruFocus rates BKK:MODERN with a GF Score™ of 57/100 and a GF Value™ of ฿2.06 (Fairly Valued). The stock has 6 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.

Modernform Group PCL's adjusted earnings per share data for the three months ended in Mar. 2026 was ฿-0.024. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ฿0.19 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Modernform Group PCL's average E10 Growth Rate was -34.50% per year. During the past 3 years, the average E10 Growth Rate was -23.70% per year. During the past 5 years, the average E10 Growth Rate was -16.40% 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.

During the past 13 years, the highest 3-Year average E10 Growth Rate of Modernform Group PCL was -7.00% per year. The lowest was -23.70% per year. And the median was -8.20% per year.

As of today (2026-06-29), Modernform Group PCL's current stock price is ฿2.08. Modernform Group PCL's E10 for the quarter that ended in Mar. 2026 was ฿0.19. Modernform Group PCL's Shiller PE Ratio of today is 10.95.

During the past 13 years, the highest Shiller PE Ratio of Modernform Group PCL was 11.26. The lowest was 3.25. And the median was 7.11.


Modernform Group PCL  (BKK:MODERN) 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.

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

Shiller PE Ratio=Share Price/E10
=2.08/0.19
=10.95

* 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 Modernform Group PCL was 11.26. The lowest was 3.25. And the median was 7.11.


Be Aware

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


Modernform Group PCL E10 Related Terms


Modernform Group PCL E10 Historical Data

* Premium members only.

The historical data trend for Modernform 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.

Modernform Group PCL E10 Chart

Modernform 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 0.49 0.45 0.40 0.30 0.20

Modernform 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 0.29 0.27 0.26 0.20 0.19

BKK:MODERN vs SN, SGI, MHK: E10 Comparison

For the Furnishings, Fixtures & Appliances subindustry, Modernform 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.


Modernform Group PCL Shiller PE Ratio vs Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Modernform Group PCL's Shiller PE Ratio distribution charts can be found below:

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


BKK:MODERN
57GF Score
Modernform Group PCL BKK:MODERN
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Modernform 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, Modernform 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)
=-0.024/330.2130*330.2130
=-0.024

Current CPI (Mar. 2026) = 330.2130.

Modernform Group PCL Quarterly Data

per share eps CPI Adj_EPS
201606 0.028 241.018 0.038
201609 0.040 241.428 0.055
201612 0.090 241.432 0.123
201703 0.025 243.801 0.034
201706 0.028 244.955 0.038
201709 0.120 246.819 0.161
201712 0.110 246.524 0.147
201803 0.025 249.554 0.033
201806 0.048 251.989 0.063
201809 0.070 252.439 0.092
201812 0.030 251.233 0.039
201903 0.021 254.202 0.027
201906 -0.026 256.143 -0.034
201909 0.120 256.759 0.154
201912 0.048 256.974 0.062
202003 0.036 258.115 0.046
202006 0.037 257.797 0.047
202009 0.055 260.280 0.070
202012 0.061 260.474 0.077
202103 0.039 264.877 0.049
202106 0.031 271.696 0.038
202109 0.015 274.310 0.018
202112 0.033 278.802 0.039
202203 -0.014 287.504 -0.016
202206 -0.002 296.311 -0.002
202209 0.035 296.808 0.039
202212 0.031 296.797 0.034
202303 0.005 301.836 0.005
202306 0.017 305.109 0.018
202309 0.035 307.789 0.038
202312 0.023 306.746 0.025
202403 -0.084 312.332 -0.089
202406 0.099 314.175 0.104
202409 0.085 315.301 0.089
202412 0.092 315.605 0.096
202503 0.009 319.799 0.009
202506 0.013 322.561 0.013
202509 0.023 324.800 0.023
202512 0.095 324.054 0.097
202603 -0.024 330.213 -0.024

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 ฿0.19 mean?
Modernform Group PCL (BKK:MODERN) has a E10 of ฿0.19 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Modernform Group PCL and its competitors.
Is Modernform Group PCL's E10 too high?
Modernform Group PCL's current E10 is ฿0.19. Overall, Modernform Group PCL has a GF Score™ of 57/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Modernform Group PCL's E10 compare to SN and SGI?
Modernform Group PCL's E10 of ฿0.19 can be compared against companies in the Furnishings, Fixtures & Appliances 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 Furnishings, Fixtures & Appliances company?
A good E10 depends on the Furnishings, Fixtures & Appliances 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 Modernform Group PCL and its competitors. Modernform Group PCL's current E10 is ฿0.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Modernform Group PCL stock overvalued right now?
Based on GuruFocus' analysis, Modernform Group PCL (BKK:MODERN) is currently considered Fairly Valued. The stock's GF Value™ is ฿2.06, compared to a current price of ฿2.08 — trading 1% above its estimated fair value. The current E10 is ฿0.19. Modernform Group PCL's overall GF Score™ is 57/100 with 6 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 Modernform Group PCL (BKK:MODERN), the current E10 is ฿0.19 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 Modernform Group PCL (BKK:MODERN) Overvalued in 2026?

Based on GuruFocus' analysis, Modernform Group PCL stock appears to be overvalued. The current stock price of ฿2.08 is trading 1% above its estimated GF Value™ of ฿2.06. GuruFocus considers Modernform Group PCL to be Fairly Valued.

Key valuation signals for BKK:MODERN:

  • E10: ฿0.19
  • GF Value™: ฿2.06 vs. price of ฿2.08 (1% above fair value)
  • GF Score™: 57/100 with 6 warning signs

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


Modernform Group PCL Business Description

Address 699 Srinakarindr Road, Modernform Tower, 1st - 4th Floor, Phatthanakan, Suan Luang, Bangkok, THA, 10250
Modernform Group PCL is involved in the manufacturing and distribution of home and office furniture. The business of the group is operated through four reportable segments: furniture business, furniture fitting and other materials business, rental and service business, and architectural design and construction business. A majority of its revenue is generated from the furniture business, which consists of office furniture products, residential furniture products, kitchen furniture products; bathroom furniture products, and others. All the operations functioned throughout the region of Thailand.
57GF Score

Get the complete analysis for BKK:MODERN

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

฿2.08
Price
฿2.06
GF Value