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Noble Development PCL (BKK:NOBLE-R) E10 : ฿1.16 (As of Mar. 2025)


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What is Noble 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.

Noble Development PCL's adjusted earnings per share data for the three months ended in Mar. 2025 was ฿0.060. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ฿1.16 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Noble Development PCL's average E10 Growth Rate was 7.30% 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 Noble Development PCL was 16.10% per year. The lowest was 8.30% per year. And the median was 9.70% per year.

As of today (2025-06-29), Noble Development PCL's current stock price is ฿2.42. Noble Development PCL's E10 for the quarter that ended in Mar. 2025 was ฿1.16. Noble Development PCL's Shiller PE Ratio of today is 2.09.

During the past 13 years, the highest Shiller PE Ratio of Noble Development PCL was 15.82. The lowest was 1.61. And the median was 7.69.


Noble Development PCL E10 Historical Data

The historical data trend for Noble 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.

Noble Development PCL E10 Chart

Noble Development PCL Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.72 - 0.88 1.02 1.01

Noble Development PCL Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 1.09 1.28 1.28 1.01 1.16

Competitive Comparison of Noble Development PCL's E10

For the Real Estate - Development subindustry, Noble 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.


Noble Development PCL's Shiller PE Ratio Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Noble Development PCL's Shiller PE Ratio distribution charts can be found below:

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


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Noble 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, Noble Development PCL's adjusted earnings per share data for the three months ended in Mar. 2025 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=0.06/134.9266*134.9266
=0.060

Current CPI (Mar. 2025) = 134.9266.

Noble Development PCL Quarterly Data

per share eps CPI Adj_EPS
201506 -0.113 100.684 -0.151
201509 -0.087 100.392 -0.117
201512 -0.065 99.792 -0.088
201603 -0.100 100.470 -0.134
201606 -0.087 101.688 -0.115
201609 -0.080 101.861 -0.106
201612 0.763 101.863 1.011
201703 0.653 102.862 0.857
201706 0.287 103.349 0.375
201709 0.393 104.136 0.509
201712 0.277 104.011 0.359
201803 0.097 105.290 0.124
201806 0.050 106.317 0.063
201809 0.200 106.507 0.253
201812 0.373 105.998 0.475
201903 0.957 107.251 1.204
201906 0.120 108.070 0.150
201909 0.840 108.329 1.046
201912 0.323 108.420 0.402
202003 0.300 108.902 0.372
202006 0.220 108.767 0.273
202009 0.380 109.815 0.467
202012 0.467 109.897 0.573
202103 0.350 111.754 0.423
202106 0.210 114.631 0.247
202109 0.110 115.734 0.128
202112 0.000 117.630 0.000
202203 -0.010 121.301 -0.011
202206 -0.010 125.017 -0.011
202209 0.100 125.227 0.108
202212 0.240 125.222 0.259
202303 0.050 127.348 0.053
202306 0.080 128.729 0.084
202309 0.390 129.860 0.405
202312 0.130 129.419 0.136
202403 0.060 131.776 0.061
202406 0.090 132.554 0.092
202409 -0.002 133.029 -0.002
202412 0.170 133.157 0.172
202503 0.060 134.927 0.060

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


Noble Development PCL  (BKK:NOBLE-R) 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.

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

Shiller PE Ratio=Share Price/E10
=2.42/1.16
=2.09

* 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 Noble Development PCL was 15.82. The lowest was 1.61. And the median was 7.69.


Be Aware

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


Noble Development PCL E10 Related Terms

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


Noble Development PCL Business Description

Traded in Other Exchanges
Address
1035 Ploenchit Road, NOBLE Building, Lumpini, Pathumwan, Bangkok, THA, 10330
Noble Development PCL is a Thailand-based real estate company. Along with its subsidiaries, the firm is engaged in the development of real estate for sale, providing construction, rental and service, construction consulting services, and manufacturing and sale of furniture in Thailand. Its segments are Condominium, House and land, Rental and service business, and Others.

Noble Development PCL Headlines

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