Tencent Holdings (BKK:TENCENT11) E10: ฿0.00 (As of Jun. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Charlie Tian
Founder & CEO of GuruFocus
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:TENCENT11 Tencent Holdings Ltd BKK:TENCENT11
70 GF Score
Price ฿18.80
GF Value ฿23.28
Valuation Modestly Undervalued
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What is Tencent Holdings E10?

Tencent Holdings BKK:TENCENT11 -1.57% 70 E10 is ฿0.00 as of Jun. 2026. GuruFocus rates BKK:TENCENT11 with a GF Score™ of 70/100 and a GF Value™ of ฿23.28 (Modestly Undervalued).

Note: As E10 is a main component used to calculate Shiller PE Ratio. If the month end stock price for this stock is zero, result may not be accurate due to the exchange rate between different shares and the data will not be stored into our database. Selected historical data showed in the calculation sectione below is only for demostration purpose.

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.

Tencent Holdings's adjusted earnings per share data for the three months ended in Jun. 2026 was ฿29.637. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ฿0.00 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Tencent Holdings's average E10 Growth Rate was 16.00% per year. During the past 3 years, the average E10 Growth Rate was 12.90% per year. During the past 5 years, the average E10 Growth Rate was 18.30% 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 Tencent Holdings was 30.60% per year. The lowest was 12.90% per year. And the median was 23.00% per year.

As of today (2026-09-01), Tencent Holdings's current stock price is ฿18.80. Tencent Holdings's E10 for the quarter that ended in Jun. 2026 was ฿0.00. Tencent Holdings's Shiller PE Ratio of today is .

During the past 13 years, the highest Shiller PE Ratio of Tencent Holdings was 101.14. The lowest was 17.84. And the median was 36.72.


Tencent Holdings  (BKK:TENCENT11) 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 Tencent Holdings was 101.14. The lowest was 17.84. And the median was 36.72.


Be Aware

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


Tencent Holdings E10 Related Terms


Tencent Holdings E10 Historical Data

* Premium members only.

The historical data trend for Tencent Holdings'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.

Tencent Holdings E10 Chart

Tencent Holdings 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 0.00

Tencent Holdings 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 0.00 0.00 0.00 0.00 0.00

BKK:TENCENT11 vs GOOGL, META, SPOT: E10 Comparison

For the Internet Content & Information subindustry, Tencent Holdings'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.


Tencent Holdings Shiller PE Ratio vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Tencent Holdings's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Tencent Holdings's Shiller PE Ratio falls into.


BKK:TENCENT11
70GF Score
Tencent Holdings Ltd BKK:TENCENT11
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tencent Holdings 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, Tencent Holdings'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)
=29.637/116.0564*116.0564
=29.637

Current CPI (Jun. 2026) = 116.0564.

Tencent Holdings Quarterly Data

per share eps CPI Adj_EPS
201609 5.834 102.400 6.612
201612 5.724 102.600 6.475
201703 7.699 103.200 8.658
201706 9.558 103.100 10.759
201709 9.524 104.100 10.618
201712 10.765 104.500 11.955
201803 12.048 105.300 13.279
201806 9.387 104.900 10.385
201809 11.596 106.600 12.625
201812 7.065 106.500 7.699
201903 13.447 107.700 14.490
201906 11.362 107.700 12.244
201909 9.137 109.800 9.658
201912 9.286 111.200 9.692
202003 13.710 112.300 14.169
202006 15.115 110.400 15.889
202009 18.260 111.700 18.972
202012 28.152 111.500 29.302
202103 23.256 112.662 23.957
202106 21.469 111.769 22.292
202109 20.886 112.215 21.601
202112 51.906 113.108 53.259
202203 12.596 114.335 12.786
202206 9.989 114.558 10.120
202209 21.671 115.339 21.806
202212 54.573 115.116 55.019
202303 13.199 115.116 13.307
202306 13.138 114.558 13.310
202309 18.449 115.339 18.564
202312 13.776 114.781 13.929
202403 21.895 115.227 22.053
202406 25.270 114.781 25.551
202409 26.524 115.785 26.586
202412 25.689 114.893 25.949
202503 23.896 115.116 24.091
202506 27.209 114.907 27.481
202509 30.418 115.471 30.572
202512 28.113 115.832 28.167
202603 29.500 116.303 29.437
202606 29.637 116.056 29.637

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 ฿0.00 mean?
Tencent Holdings (BKK:TENCENT11) has a E10 of ฿0.00 as of Jun. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Tencent Holdings and its competitors.
Is Tencent Holdings' E10 too high?
Tencent Holdings' current E10 is ฿0.00. Overall, Tencent Holdings has a GF Score™ of 70/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Tencent Holdings' E10 compare to GOOGL and META?
Tencent Holdings' E10 of ฿0.00 can be compared against companies in the Interactive Media 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 an Interactive Media company?
A good E10 depends on the Interactive Media 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 Tencent Holdings and its competitors. Tencent Holdings's current E10 is ฿0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tencent Holdings stock overvalued right now?
Based on GuruFocus' analysis, Tencent Holdings (BKK:TENCENT11) is currently considered Modestly Undervalued. The stock's GF Value™ is ฿23.28, compared to a current price of ฿18.80 — trading 19.2% below its estimated fair value. The current E10 is ฿0.00. Tencent Holdings' overall GF Score™ is 70/100. 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 Tencent Holdings (BKK:TENCENT11), the current E10 is ฿0.00 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 Tencent Holdings (BKK:TENCENT11) Overvalued in 2026?

Based on GuruFocus' analysis, Tencent Holdings stock appears to be undervalued. The current stock price of ฿18.80 is trading 19.2% below its estimated GF Value™ of ฿23.28. GuruFocus considers Tencent Holdings to be Modestly Undervalued.

Key valuation signals for BKK:TENCENT11:

  • E10: ฿0.00
  • GF Value™: ฿23.28 vs. price of ฿18.80 (19.2% below fair value)
  • GF Score™: 70/100

No single metric tells the full story. See the BKK:TENCENT11 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tencent Holdings Business Description

Address No. 33 Haitian 2nd Road, Tencent Binhai Towers, Nanshan District, Shenzhen, CHN, 518054
Tencent is the world's largest game publisher, with top-grossing mobile hits like Honor of Kings and Peacekeeper Elite and a steady pipeline of new titles. It also operates WeChat-China's super-app with roughly 1.3 billion users-embedded in daily life for messaging, short video, mini programs, payments, and shopping. Beyond its own platforms, Tencent is a prolific strategic investor, holding stakes in leading internet companies such as PDD, Kuaishou, and Xiaohongshu.
70GF Score

Get the complete analysis for BKK:TENCENT11

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

฿18.80
Price
฿23.28
GF Value