Siam Pan Group PCL (BKK:SPG) E10: ฿1.29 (As of Jun. 2026)

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BKK:SPG Siam Pan Group PCL BKK:SPG
71 GF Score
Price ฿11.60
GF Value ฿12.73
Valuation Fairly Valued
! 4 Warning Signs
View Full Analysis

What is Siam Pan Group PCL E10?

Siam Pan Group PCL BKK:SPG +0.87% 71 E10 is ฿1.29 as of Jun. 2026. GuruFocus rates BKK:SPG with a GF Score™ of 71/100 and a GF Value™ of ฿12.73 (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.

Siam Pan Group PCL's adjusted earnings per share data for the three months ended in Jun. 2026 was ฿0.300. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ฿1.29 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Siam Pan Group PCL's average E10 Growth Rate was -5.80% per year. During the past 3 years, the average E10 Growth Rate was -5.00% per year. During the past 5 years, the average E10 Growth Rate was -1.70% 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 Siam Pan Group PCL was 3.00% per year. The lowest was -5.00% per year. And the median was 1.20% per year.

As of today (2026-08-22), Siam Pan Group PCL's current stock price is ฿11.60. Siam Pan Group PCL's E10 for the quarter that ended in Jun. 2026 was ฿1.29. Siam Pan Group PCL's Shiller PE Ratio of today is 8.99.

During the past 13 years, the highest Shiller PE Ratio of Siam Pan Group PCL was 16.16. The lowest was 7.95. And the median was 10.00.


Siam Pan Group PCL  (BKK:SPG) 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.

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

Shiller PE Ratio=Share Price/E10
=11.60/1.29
=8.99

* 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 Siam Pan Group PCL was 16.16. The lowest was 7.95. And the median was 10.00.


Be Aware

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


Siam Pan Group PCL E10 Related Terms


Siam Pan Group PCL E10 Historical Data

* Premium members only.

The historical data trend for Siam Pan 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.

Siam Pan Group PCL E10 Chart

Siam Pan 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 1.50 1.53 1.43 1.37 1.31

Siam Pan Group PCL Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 1.37 1.35 1.31 1.32 1.29

BKK:SPG vs LIN, SHW, ECL: E10 Comparison

For the Specialty Chemicals subindustry, Siam Pan 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.


Siam Pan Group PCL Shiller PE Ratio vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Siam Pan Group PCL's Shiller PE Ratio distribution charts can be found below:

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


BKK:SPG
71GF Score
Siam Pan Group PCL BKK:SPG
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Siam Pan 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, Siam Pan Group PCL's adjusted earnings per share data for the three months ended in Jun. 2026 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=0.3/333.9520*333.9520
=0.300

Current CPI (Jun. 2026) = 333.9520.

Siam Pan Group PCL Quarterly Data

per share eps CPI Adj_EPS
201609 0.330 241.428 0.456
201612 0.409 241.432 0.566
201703 0.420 243.801 0.575
201706 0.410 244.955 0.559
201709 0.130 246.819 0.176
201712 0.280 246.524 0.379
201803 0.300 249.554 0.401
201806 0.280 251.989 0.371
201809 0.190 252.439 0.251
201812 0.320 251.233 0.425
201903 0.160 254.202 0.210
201906 0.250 256.143 0.326
201909 0.170 256.759 0.221
201912 0.310 256.974 0.403
202003 0.260 258.115 0.336
202006 0.320 257.797 0.415
202009 0.210 260.280 0.269
202012 0.290 260.474 0.372
202103 0.470 264.877 0.593
202106 0.400 271.696 0.492
202109 0.240 274.310 0.292
202112 0.220 278.802 0.264
202203 0.380 287.504 0.441
202206 0.310 296.311 0.349
202209 0.190 296.808 0.214
202212 0.120 296.797 0.135
202303 0.300 301.836 0.332
202306 0.200 305.109 0.219
202309 0.190 307.789 0.206
202312 0.293 306.746 0.319
202403 0.250 312.332 0.267
202406 0.190 314.175 0.202
202409 0.150 315.301 0.159
202412 0.119 315.605 0.126
202503 0.280 319.799 0.292
202506 0.280 322.561 0.290
202509 0.140 324.800 0.144
202512 0.229 324.054 0.236
202603 0.340 330.213 0.344
202606 0.300 333.952 0.300

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 ฿1.29 mean?
Siam Pan Group PCL (BKK:SPG) has a E10 of ฿1.29 as of Jun. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Siam Pan Group PCL and its competitors.
Is Siam Pan Group PCL's E10 too high?
Siam Pan Group PCL's current E10 is ฿1.29. Overall, Siam Pan Group PCL has a GF Score™ of 71/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Siam Pan Group PCL's E10 compare to LIN and SHW?
Siam Pan Group PCL's E10 of ฿1.29 can be compared against companies in the Chemicals 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 Chemicals company?
A good E10 depends on the Chemicals 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 Siam Pan Group PCL and its competitors. Siam Pan Group PCL's current E10 is ฿1.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Siam Pan Group PCL stock overvalued right now?
Based on GuruFocus' analysis, Siam Pan Group PCL (BKK:SPG) is currently considered Fairly Valued. The stock's GF Value™ is ฿12.73, compared to a current price of ฿11.60 — trading 8.9% below its estimated fair value. The current E10 is ฿1.29. Siam Pan Group PCL's overall GF Score™ is 71/100 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 Siam Pan Group PCL (BKK:SPG), the current E10 is ฿1.29 as of Jun. 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 Siam Pan Group PCL (BKK:SPG) Overvalued in 2026?

Based on GuruFocus' analysis, Siam Pan Group PCL stock appears to be undervalued. The current stock price of ฿11.60 is trading 8.9% below its estimated GF Value™ of ฿12.73. GuruFocus considers Siam Pan Group PCL to be Fairly Valued.

Key valuation signals for BKK:SPG:

  • E10: ฿1.29
  • GF Value™: ฿12.73 vs. price of ฿11.60 (8.9% below fair value)
  • GF Score™: 71/100 with 4 warning signs

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


Siam Pan Group PCL Business Description

Address No. 488, Nakhon Sawan Road, Mahanak Junction, Dusit District, Bangkok, THA, 10300
Siam Pan Group PCL is a Thailand-based company that is engaged in the manufacturing and distributing of lubricating oil, grease, and batteries. The company has the following crucial segments which include Grease, and Lubricating Oil. In terms of revenue, the Grease segment generates more revenue for the company. The organization has its branches present in Thailand, Myanmar and Other countries of which it generates maximum revenue from Thailand.
71GF Score

Get the complete analysis for BKK:SPG

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

฿11.60
Price
฿12.73
GF Value