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True PCL (BKK:TRUE) E10 : ฿-0.04 (As of Dec. 2024)


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What is True 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.

True PCL's adjusted earnings per share data for the three months ended in Dec. 2024 was ฿-0.220. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ฿-0.04 for the trailing ten years ended in Dec. 2024.

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 True PCL was 72.00% per year. The lowest was -51.80% per year. And the median was 51.50% per year.

As of today (2025-03-14), True PCL's current stock price is ฿10.80. True PCL's E10 for the quarter that ended in Dec. 2024 was ฿-0.04. True PCL's Shiller PE Ratio of today is .

During the past 13 years, the highest Shiller PE Ratio of True PCL was 605.00. The lowest was 0.00. And the median was 369.00.


True PCL E10 Historical Data

The historical data trend for True 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.

True PCL E10 Chart

True 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 -0.04 - -0.07 - -0.04

True PCL Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 - -0.03 -0.02 -0.01 -0.04

Competitive Comparison of True PCL's E10

For the Telecom Services subindustry, True 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.


True PCL's Shiller PE Ratio Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, True PCL's Shiller PE Ratio distribution charts can be found below:

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



True 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, True PCL's adjusted earnings per share data for the three months ended in Dec. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Dec. 2024 (Change)*Current CPI (Dec. 2024)
=-0.22/133.1571*133.1571
=-0.220

Current CPI (Dec. 2024) = 133.1571.

True PCL Quarterly Data

per share eps CPI Adj_EPS
201503 0.060 99.621 0.080
201506 0.060 100.684 0.079
201509 0.040 100.392 0.053
201512 0.016 99.792 0.021
201603 0.088 100.470 0.117
201606 -0.003 101.688 -0.004
201609 -0.080 101.861 -0.105
201612 -0.076 101.863 -0.099
201703 -0.030 102.862 -0.039
201706 -0.040 103.349 -0.052
201709 -0.020 104.136 -0.026
201712 0.109 104.011 0.140
201803 -0.020 105.290 -0.025
201806 0.290 106.317 0.363
201809 0.003 106.507 0.004
201812 -0.070 105.998 -0.088
201903 0.050 107.251 0.062
201906 0.030 108.070 0.037
201909 0.090 108.329 0.111
201912 0.006 108.420 0.007
202003 -0.005 108.902 -0.006
202006 0.040 108.767 0.049
202009 0.003 109.815 0.004
202012 -0.010 109.897 -0.012
202103 -0.020 111.754 -0.024
202106 -0.010 114.631 -0.012
202109 -0.020 115.734 -0.023
202112 0.000 117.630 0.000
202203 -0.050 121.301 -0.055
202206 -0.020 125.017 -0.021
202209 -0.080 125.227 -0.085
202212 -0.400 125.222 -0.425
202303 0.020 127.348 0.021
202306 -0.067 128.729 -0.069
202309 -0.050 129.860 -0.051
202312 0.000 129.419 0.000
202403 -0.020 131.776 -0.020
202406 -0.054 132.554 -0.054
202409 -0.020 133.029 -0.020
202412 -0.220 133.157 -0.220

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


True PCL  (BKK:TRUE) 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 True PCL was 605.00. The lowest was 0.00. And the median was 369.00.


Be Aware

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


True PCL E10 Related Terms

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


True PCL Business Description

Address
18 True Tower, Ratchadaphisek Road, Huai Khwang, Bangkok, THA, 10310
True Corp PCL is a triple-play telecommunications company. It operates through three business segments: Mobile, Pay TV, Broadband, and others. The majority of revenue is derived from Mobile, the company's mobile services product offering. The majority of the company's customer base in its mobile services division is considered prepaid. Broadband and other generated revenue internet services are recognized when rendering the service to subscribers. Pay TV generates revenues from monthly subscription fees recognized in the month in which the service is provided, commencing from the completion of installation. It operates in a single geographical area, which is Thailand.