T.C.J. Asia PCL (BKK:TCJ) E10: ฿-0.13 (As of Mar. 2026)

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Director of Data and Quant Analytics at GuruFocus
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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BKK:TCJ T.C.J. Asia PCL BKK:TCJ
60 GF Score
Price ฿2.46
GF Value ฿2.89
Valuation Modestly Undervalued
! 5 Warning Signs
View Full Analysis

What is T.C.J. Asia PCL E10?

T.C.J. Asia PCL BKK:TCJ +0.82% 60 E10 is ฿-0.13 as of Mar. 2026. GuruFocus rates BKK:TCJ with a GF Score™ of 60/100 and a GF Value™ of ฿2.89 (Modestly Undervalued). The stock has 5 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.

T.C.J. Asia 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 ฿-0.13 for the trailing ten years ended in Mar. 2026.

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 T.C.J. Asia PCL was -10.60% per year. The lowest was -51.90% per year. And the median was -24.10% per year.

As of today (2026-07-23), T.C.J. Asia PCL's current stock price is ฿2.46. T.C.J. Asia PCL's E10 for the quarter that ended in Mar. 2026 was ฿-0.13. T.C.J. Asia PCL's Shiller PE Ratio of today is .

During the past 13 years, the highest Shiller PE Ratio of T.C.J. Asia PCL was 84.50. The lowest was 3.94. And the median was 11.50.


T.C.J. Asia PCL  (BKK:TCJ) 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.

During the past 13 years, the highest Shiller P/E Ratio of T.C.J. Asia PCL was 84.50. The lowest was 3.94. And the median was 11.50.


Be Aware

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


T.C.J. Asia PCL E10 Related Terms


T.C.J. Asia PCL E10 Historical Data

* Premium members only.

The historical data trend for T.C.J. Asia 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.

T.C.J. Asia PCL E10 Chart

T.C.J. Asia 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 0.35 0.21 0.05 -0.05 -0.15

T.C.J. Asia 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 -0.09 -0.11 -0.14 -0.15 -0.13

BKK:TCJ vs CAT, DE, PCAR: E10 Comparison

For the Farm & Heavy Construction Machinery subindustry, T.C.J. Asia 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.


T.C.J. Asia PCL Shiller PE Ratio vs Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, T.C.J. Asia PCL's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where T.C.J. Asia PCL's Shiller PE Ratio falls into.


BKK:TCJ
60GF Score
T.C.J. Asia PCL BKK:TCJ
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

T.C.J. Asia 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, T.C.J. Asia 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.

T.C.J. Asia PCL Quarterly Data

per share eps CPI Adj_EPS
201606 0.069 241.018 0.095
201609 0.020 241.428 0.027
201612 -0.137 241.432 -0.187
201703 0.304 243.801 0.412
201706 0.010 244.955 0.013
201709 0.157 246.819 0.210
201712 -0.098 246.524 -0.131
201803 0.010 249.554 0.013
201806 -0.010 251.989 -0.013
201809 0.110 252.439 0.144
201812 0.024 251.233 0.032
201903 -0.030 254.202 -0.039
201906 -0.150 256.143 -0.193
201909 -0.100 256.759 -0.129
201912 -0.355 256.974 -0.456
202003 -0.020 258.115 -0.026
202006 0.100 257.797 0.128
202009 0.030 260.280 0.038
202012 0.007 260.474 0.009
202103 -0.060 264.877 -0.075
202106 -0.050 271.696 -0.061
202109 0.004 274.310 0.005
202112 -0.500 278.802 -0.592
202203 0.030 287.504 0.034
202206 -0.003 296.311 -0.003
202209 -0.030 296.808 -0.033
202212 -0.069 296.797 -0.077
202303 -0.166 301.836 -0.182
202306 -0.190 305.109 -0.206
202309 -0.090 307.789 -0.097
202312 0.017 306.746 0.018
202403 0.150 312.332 0.159
202406 -0.070 314.175 -0.074
202409 0.090 315.301 0.094
202412 -0.160 315.605 -0.167
202503 -0.150 319.799 -0.155
202506 -0.050 322.561 -0.051
202509 -0.040 324.800 -0.041
202512 0.040 324.054 0.041
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 ฿-0.13 mean?
T.C.J. Asia PCL (BKK:TCJ) has a E10 of ฿-0.13 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on T.C.J. Asia PCL and its competitors.
Is T.C.J. Asia PCL's E10 too high?
T.C.J. Asia PCL's current E10 is ฿-0.13. Overall, T.C.J. Asia PCL has a GF Score™ of 60/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does T.C.J. Asia PCL's E10 compare to CAT and DE?
T.C.J. Asia PCL's E10 of ฿-0.13 can be compared against companies in the Farm & Heavy Construction Machinery 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 Farm & Heavy Construction Machinery company?
A good E10 depends on the Farm & Heavy Construction Machinery 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 T.C.J. Asia PCL and its competitors. T.C.J. Asia PCL's current E10 is ฿-0.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is T.C.J. Asia PCL stock overvalued right now?
Based on GuruFocus' analysis, T.C.J. Asia PCL (BKK:TCJ) is currently considered Modestly Undervalued. The stock's GF Value™ is ฿2.89, compared to a current price of ฿2.46 — trading 14.9% below its estimated fair value. The current E10 is ฿-0.13. T.C.J. Asia PCL's overall GF Score™ is 60/100 with 5 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 T.C.J. Asia PCL (BKK:TCJ), the current E10 is ฿-0.13 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 T.C.J. Asia PCL (BKK:TCJ) Overvalued in 2026?

Based on GuruFocus' analysis, T.C.J. Asia PCL stock appears to be undervalued. The current stock price of ฿2.46 is trading 14.9% below its estimated GF Value™ of ฿2.89. GuruFocus considers T.C.J. Asia PCL to be Modestly Undervalued.

Key valuation signals for BKK:TCJ:

  • E10: ฿-0.13
  • GF Value™: ฿2.89 vs. price of ฿2.46 (14.9% below fair value)
  • GF Score™: 60/100 with 5 warning signs

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


T.C.J. Asia PCL Business Description

Address 3/4 Moo 9, Bangna-Trad Road (KM.18), Bang Chalong Subdistrict, Bang Plee District, Samutprakarn, THA, 10540
T.C.J. Asia PCL is engaged in the import business and distribution of machinery and lifting equipment for construction work, and loading and unloading services like tractors, wheel loaders, excavator and cranes and stainless-steel plate and construction contractor. The business segments of the company are Sales of cranes, road rollers and tractors and equipment, road rollers and tractors, and equipment, Rental and repair services of crane and trucks, Manufacturing and distribution of stainless steel pipes, Trading of stainless steel, Installation work, and Others. The group generates the majority of the revenue from the Manufacturing and distribution of stainless steel pipes segment and mainly operates in Thailand.
60GF Score

Get the complete analysis for BKK:TCJ

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

฿2.46
Price
฿2.89
GF Value