Muangthai Capital PCL (BKK:MTC) E10: ฿2.54 (As of Mar. 2026)


BKK:MTC Muangthai Capital PCL BKK:MTC
52 GF Score
Price ฿31.25
GF Value ฿52.05
Valuation Significantly Undervalued
! 2 Warning Signs
View Full Analysis

What is Muangthai Capital PCL E10?

Muangthai Capital PCL BKK:MTC +1.63% 52 E10 is ฿2.54 as of Mar. 2026. GuruFocus rates BKK:MTC with a GF Score™ of 52/100 and a GF Value™ of ฿52.05 (Significantly Undervalued). The stock has 2 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.

Muangthai Capital PCL's adjusted earnings per share data for the three months ended in Mar. 2026 was ฿0.860. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ฿2.54 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Muangthai Capital PCL's average E10 Growth Rate was 16.00% per year. During the past 3 years, the average E10 Growth Rate was 13.80% 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 Muangthai Capital PCL was 13.80% per year. The lowest was 13.80% per year. And the median was 13.80% per year.

As of today (2026-06-28), Muangthai Capital PCL's current stock price is ฿31.25. Muangthai Capital PCL's E10 for the quarter that ended in Mar. 2026 was ฿2.54. Muangthai Capital PCL's Shiller PE Ratio of today is 12.30.

During the past 13 years, the highest Shiller PE Ratio of Muangthai Capital PCL was 26.52. The lowest was 11.02. And the median was 21.07.


Muangthai Capital PCL  (BKK:MTC) 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.

Muangthai Capital PCL's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=31.25/2.54
=12.30

* 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 Muangthai Capital PCL was 26.52. The lowest was 11.02. And the median was 21.07.


Be Aware

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


Muangthai Capital PCL E10 Related Terms


Muangthai Capital PCL E10 Historical Data

* Premium members only.

The historical data trend for Muangthai Capital 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.

Muangthai Capital PCL E10 Chart

Muangthai Capital 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 1.64 1.80 2.10 2.42

Muangthai Capital 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 2.19 2.28 2.36 2.42 2.54

BKK:MTC vs V, MA, AXP: E10 Comparison

For the Credit Services subindustry, Muangthai Capital 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.


Muangthai Capital PCL Shiller PE Ratio vs Credit Services Industry

For the Credit Services industry and Financial Services sector, Muangthai Capital PCL's Shiller PE Ratio distribution charts can be found below:

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


BKK:MTC
52GF Score
Muangthai Capital PCL BKK:MTC
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Muangthai Capital 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, Muangthai Capital 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)
=0.86/330.2130*330.2130
=0.860

Current CPI (Mar. 2026) = 330.2130.

Muangthai Capital PCL Quarterly Data

per share eps CPI Adj_EPS
201606 0.140 241.018 0.192
201609 0.190 241.428 0.260
201612 0.230 241.432 0.315
201703 0.250 243.801 0.339
201706 0.270 244.955 0.364
201709 0.310 246.819 0.415
201712 0.350 246.524 0.469
201803 0.390 249.554 0.516
201806 0.430 251.989 0.563
201809 0.460 252.439 0.602
201812 0.470 251.233 0.618
201903 0.470 254.202 0.611
201906 0.480 256.143 0.619
201909 0.510 256.759 0.656
201912 0.530 256.974 0.681
202003 0.580 258.115 0.742
202006 0.600 257.797 0.769
202009 0.630 260.280 0.799
202012 0.646 260.474 0.819
202103 0.650 264.877 0.810
202106 0.600 271.696 0.729
202109 0.570 274.310 0.686
202112 0.519 278.802 0.615
202203 0.650 287.504 0.747
202206 0.650 296.311 0.724
202209 0.570 296.808 0.634
202212 0.530 296.797 0.590
202303 0.500 301.836 0.547
202306 0.570 305.109 0.617
202309 0.610 307.789 0.654
202312 0.630 306.746 0.678
202403 0.660 312.332 0.698
202406 0.680 314.175 0.715
202409 0.700 315.301 0.733
202412 0.728 315.605 0.762
202503 0.740 319.799 0.764
202506 0.780 322.561 0.799
202509 0.810 324.800 0.823
202512 0.840 324.054 0.856
202603 0.860 330.213 0.860

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 ฿2.54 mean?
Muangthai Capital PCL (BKK:MTC) has a E10 of ฿2.54 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Muangthai Capital PCL and its competitors.
Is Muangthai Capital PCL's E10 too high?
Muangthai Capital PCL's current E10 is ฿2.54. Overall, Muangthai Capital PCL has a GF Score™ of 52/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Muangthai Capital PCL's E10 compare to V and MA?
Muangthai Capital PCL's E10 of ฿2.54 can be compared against companies in the Credit Services 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 Credit Services company?
A good E10 depends on the Credit Services 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 Muangthai Capital PCL and its competitors. Muangthai Capital PCL's current E10 is ฿2.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Muangthai Capital PCL stock overvalued right now?
Based on GuruFocus' analysis, Muangthai Capital PCL (BKK:MTC) is currently considered Significantly Undervalued. The stock's GF Value™ is ฿52.05, compared to a current price of ฿31.25 — trading 40% below its estimated fair value. The current E10 is ฿2.54. Muangthai Capital PCL's overall GF Score™ is 52/100 with 2 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 Muangthai Capital PCL (BKK:MTC), the current E10 is ฿2.54 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 Muangthai Capital PCL (BKK:MTC) Overvalued in 2026?

Based on GuruFocus' analysis, Muangthai Capital PCL stock appears to be undervalued. The current stock price of ฿31.25 is trading 40% below its estimated GF Value™ of ฿52.05. GuruFocus considers Muangthai Capital PCL to be Significantly Undervalued.

Key valuation signals for BKK:MTC:

  • E10: ฿2.54
  • GF Value™: ฿52.05 vs. price of ฿31.25 (40% below fair value)
  • GF Score™: 52/100 with 2 warning signs

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


Muangthai Capital PCL Business Description

Address No. 332/1 Jaransanitwong Road, Bangplad Sub-district, Bangplad, Bangkok, THA, 10700
Muangthai Capital PCL mainly provides loans to consumers in Thailand. The company is principally engaged in providing loans secured against vehicle registrations, land title deeds loans, personal loans without collateral, and nano finance under supervision as well as providing hire purchase service, installment loans, and insurance broker.
52GF Score

Get the complete analysis for BKK:MTC

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

฿31.25
Price
฿52.05
GF Value