Netbay PCL (BKK:NETBAY) E10: ฿1.00 (As of Mar. 2026)


BKK:NETBAY Netbay PCL BKK:NETBAY
78 GF Score
Price ฿9.85
GF Value ฿21.55
Valuation Significantly Undervalued
! 3 Warning Signs
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What is Netbay PCL E10?

Netbay PCL BKK:NETBAY +1.03% 78 E10 is ฿1.00 as of Mar. 2026. GuruFocus rates BKK:NETBAY with a GF Score™ of 78/100 and a GF Value™ of ฿21.55 (Significantly Undervalued). The stock has 3 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.

Netbay PCL's adjusted earnings per share data for the three months ended in Mar. 2026 was ฿0.170. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ฿1.00 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Netbay PCL's average E10 Growth Rate was 9.90% 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 (2026-06-25), Netbay PCL's current stock price is ฿9.85. Netbay PCL's E10 for the quarter that ended in Mar. 2026 was ฿1.00. Netbay PCL's Shiller PE Ratio of today is 9.85.

During the past 11 years, the highest Shiller PE Ratio of Netbay PCL was 25.53. The lowest was 9.30. And the median was 21.28.


Netbay PCL  (BKK:NETBAY) 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.

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

Shiller PE Ratio=Share Price/E10
=9.85/1.00
=9.85

* 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 Netbay PCL was 25.53. The lowest was 9.30. And the median was 21.28.


Be Aware

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


Netbay PCL E10 Related Terms


Netbay PCL E10 Historical Data

* Premium members only.

The historical data trend for Netbay 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.

Netbay PCL E10 Chart

Netbay 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 0.00 0.00 0.00 0.98

Netbay 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 0.91 0.94 0.97 0.98 1.00

BKK:NETBAY vs CRM, SHOP, UBER: E10 Comparison

For the Software - Application subindustry, Netbay 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.


Netbay PCL Shiller PE Ratio vs Software Industry

For the Software industry and Technology sector, Netbay PCL's Shiller PE Ratio distribution charts can be found below:

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


BKK:NETBAY
78GF Score
Netbay PCL BKK:NETBAY
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Netbay 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, Netbay 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)
=0.17/330.2130*330.2130
=0.170

Current CPI (Mar. 2026) = 330.2130.

Netbay PCL Quarterly Data

per share eps CPI Adj_EPS
201606 0.140 241.018 0.192
201609 0.140 241.428 0.191
201612 0.110 241.432 0.150
201703 0.130 243.801 0.176
201706 0.140 244.955 0.189
201709 0.150 246.819 0.201
201712 0.157 246.524 0.210
201803 0.170 249.554 0.225
201806 0.180 251.989 0.236
201809 0.190 252.439 0.249
201812 0.200 251.233 0.263
201903 0.210 254.202 0.273
201906 0.230 256.143 0.297
201909 0.240 256.759 0.309
201912 0.220 256.974 0.283
202003 0.200 258.115 0.256
202006 0.170 257.797 0.218
202009 0.190 260.280 0.241
202012 0.220 260.474 0.279
202103 0.220 264.877 0.274
202106 0.200 271.696 0.243
202109 0.190 274.310 0.229
202112 0.225 278.802 0.266
202203 0.180 287.504 0.207
202206 0.180 296.311 0.201
202209 0.190 296.808 0.211
202212 0.300 296.797 0.334
202303 0.230 301.836 0.252
202306 0.240 305.109 0.260
202309 0.220 307.789 0.236
202312 0.210 306.746 0.226
202403 0.240 312.332 0.254
202406 0.270 314.175 0.284
202409 0.260 315.301 0.272
202412 0.317 315.605 0.332
202503 0.350 319.799 0.361
202506 0.380 322.561 0.389
202509 0.320 324.800 0.325
202512 0.270 324.054 0.275
202603 0.170 330.213 0.170

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 ฿1.00 mean?
Netbay PCL (BKK:NETBAY) has a E10 of ฿1.00 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Netbay PCL and its competitors.
Is Netbay PCL's E10 too high?
Netbay PCL's current E10 is ฿1.00. Overall, Netbay PCL has a GF Score™ of 78/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Netbay PCL's E10 compare to CRM and SHOP?
Netbay PCL's E10 of ฿1.00 can be compared against companies in the Software 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 Software company?
A good E10 depends on the Software 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 Netbay PCL and its competitors. Netbay PCL's current E10 is ฿1.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Netbay PCL stock overvalued right now?
Based on GuruFocus' analysis, Netbay PCL (BKK:NETBAY) is currently considered Significantly Undervalued. The stock's GF Value™ is ฿21.55, compared to a current price of ฿9.85 — trading 54.3% below its estimated fair value. The current E10 is ฿1.00. Netbay PCL's overall GF Score™ is 78/100 with 3 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 Netbay PCL (BKK:NETBAY), the current E10 is ฿1.00 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 Netbay PCL (BKK:NETBAY) Overvalued in 2026?

Based on GuruFocus' analysis, Netbay PCL stock appears to be undervalued. The current stock price of ฿9.85 is trading 54.3% below its estimated GF Value™ of ฿21.55. GuruFocus considers Netbay PCL to be Significantly Undervalued.

Key valuation signals for BKK:NETBAY:

  • E10: ฿1.00
  • GF Value™: ฿21.55 vs. price of ฿9.85 (54.3% below fair value)
  • GF Score™: 78/100 with 3 warning signs

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


Netbay PCL Business Description

Address No. 719/5, 8-9, Rama 6 Road, Wang Mai Sub-district, Pathumwan District, Bangkok, THA, 10330
Netbay PCL is a Thailand-based company engaged in the provision and development of computer software used in the transmission of information electronically. The company creates, designs, and develops a digital business technology platform and omnichannel connectivity gateway. It operates in two segments: The e-Business segment, which develops an e-Business product in the form of services (SaaS: Software As A Service), and the e-Service segment, which rendered an e-Business service for the Business segment to Government (B2G) transaction, and Business segment to Business segment (B2B) transaction. The company operates only in Thailand and generates the majority of its revenue from the e-Business segment.
78GF Score

Get the complete analysis for BKK:NETBAY

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

฿9.85
Price
฿21.55
GF Value