Union Pioneer PCL (BKK:UPF) E10: ฿3.71 (As of Mar. 2026)


BKK:UPF Union Pioneer PCL BKK:UPF
60 GF Score
Price ฿21.00
GF Value ฿29.54
Valuation Modestly Undervalued
! 4 Warning Signs
View Full Analysis

What is Union Pioneer PCL E10?

Union Pioneer PCL BKK:UPF 60 E10 is ฿3.71 as of Mar. 2026. GuruFocus rates BKK:UPF with a GF Score™ of 60/100 and a GF Value™ of ฿29.54 (Modestly Undervalued). 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.

Union Pioneer PCL's adjusted earnings per share data for the three months ended in Mar. 2026 was ฿0.370. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ฿3.71 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Union Pioneer PCL's average E10 Growth Rate was -16.80% per year. During the past 3 years, the average E10 Growth Rate was -7.90% per year. During the past 5 years, the average E10 Growth Rate was -3.60% 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 Union Pioneer PCL was 3.30% per year. The lowest was -7.90% per year. And the median was -2.70% per year.

As of today (2026-07-06), Union Pioneer PCL's current stock price is ฿21.00. Union Pioneer PCL's E10 for the quarter that ended in Mar. 2026 was ฿3.71. Union Pioneer PCL's Shiller PE Ratio of today is 5.66.

During the past 13 years, the highest Shiller PE Ratio of Union Pioneer PCL was 19.54. The lowest was 5.34. And the median was 10.01.


Union Pioneer PCL  (BKK:UPF) 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.

Union Pioneer PCL's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=21.00/3.71
=5.66

* 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 Union Pioneer PCL was 19.54. The lowest was 5.34. And the median was 10.01.


Be Aware

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


Union Pioneer PCL E10 Related Terms


Union Pioneer PCL E10 Historical Data

* Premium members only.

The historical data trend for Union Pioneer 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.

Union Pioneer PCL E10 Chart

Union Pioneer 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 4.96 4.89 4.75 4.57 3.82

Union Pioneer 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 4.46 4.31 4.13 3.82 3.71

BKK:UPF vs AIN: E10 Comparison

For the Textile Manufacturing subindustry, Union Pioneer 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.


Union Pioneer PCL Shiller PE Ratio vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Union Pioneer PCL's Shiller PE Ratio distribution charts can be found below:

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


BKK:UPF
60GF Score
Union Pioneer PCL BKK:UPF
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Union Pioneer 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, Union Pioneer 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)
=0.37/330.2130*330.2130
=0.370

Current CPI (Mar. 2026) = 330.2130.

Union Pioneer PCL Quarterly Data

per share eps CPI Adj_EPS
201606 1.260 241.018 1.726
201609 1.680 241.428 2.298
201612 2.604 241.432 3.562
201703 1.220 243.801 1.652
201706 0.950 244.955 1.281
201709 1.040 246.819 1.391
201712 0.800 246.524 1.072
201803 0.340 249.554 0.450
201806 0.290 251.989 0.380
201809 0.910 252.439 1.190
201812 0.870 251.233 1.144
201903 0.350 254.202 0.455
201906 -0.860 256.143 -1.109
201909 0.400 256.759 0.514
201912 0.240 256.974 0.308
202003 1.060 258.115 1.356
202006 3.610 257.797 4.624
202009 2.600 260.280 3.299
202012 1.630 260.474 2.066
202103 1.430 264.877 1.783
202106 0.770 271.696 0.936
202109 0.740 274.310 0.891
202112 1.760 278.802 2.085
202203 0.510 287.504 0.586
202206 0.930 296.311 1.036
202209 1.720 296.808 1.914
202212 -0.283 296.797 -0.315
202303 -0.230 301.836 -0.252
202306 -0.770 305.109 -0.833
202309 0.370 307.789 0.397
202312 1.500 306.746 1.615
202403 0.790 312.332 0.835
202406 0.270 314.175 0.284
202409 -0.020 315.301 -0.021
202412 0.198 315.605 0.207
202503 -0.540 319.799 -0.558
202506 -1.100 322.561 -1.126
202509 -0.010 324.800 -0.010
202512 -0.390 324.054 -0.397
202603 0.370 330.213 0.370

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 ฿3.71 mean?
Union Pioneer PCL (BKK:UPF) has a E10 of ฿3.71 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Union Pioneer PCL and its competitors.
Is Union Pioneer PCL's E10 too high?
Union Pioneer PCL's current E10 is ฿3.71. Overall, Union Pioneer 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 Union Pioneer PCL's E10 compare to AIN?
Union Pioneer PCL's E10 of ฿3.71 can be compared against companies in the Manufacturing - Apparel & Accessories 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 Manufacturing - Apparel & Accessories company?
A good E10 depends on the Manufacturing - Apparel & Accessories 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 Union Pioneer PCL and its competitors. Union Pioneer PCL's current E10 is ฿3.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Union Pioneer PCL stock overvalued right now?
Based on GuruFocus' analysis, Union Pioneer PCL (BKK:UPF) is currently considered Modestly Undervalued. The stock's GF Value™ is ฿29.54, compared to a current price of ฿21.00 — trading 28.9% below its estimated fair value. The current E10 is ฿3.71. Union Pioneer PCL's overall GF Score™ is 60/100 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 Union Pioneer PCL (BKK:UPF), the current E10 is ฿3.71 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 Union Pioneer PCL (BKK:UPF) Overvalued in 2026?

Based on GuruFocus' analysis, Union Pioneer PCL stock appears to be undervalued. The current stock price of ฿21.00 is trading 28.9% below its estimated GF Value™ of ฿29.54. GuruFocus considers Union Pioneer PCL to be Modestly Undervalued.

Key valuation signals for BKK:UPF:

  • E10: ฿3.71
  • GF Value™: ฿29.54 vs. price of ฿21.00 (28.9% below fair value)
  • GF Score™: 60/100 with 4 warning signs

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


Union Pioneer PCL Business Description

Address No.1 Soi Serithai 62, Khwaeng Minburi, Khet Minburi, Bangkok, THA, 10510
Union Pioneer PCL is principally engaged in the manufacture and distribution of finished elastic products. It offers products such as Rubber thread and tape, Elastic braid, Elastic webbing and crochet, and covering yarn, among other products. The majority of the company's products are the raw materials for other products, such as the baby-adult diaper industry, garment industry, or other uses, depending on the nature of the business of the customers. Geographically, the company derives revenue from Thailand, the United States, and other countries.
60GF Score

Get the complete analysis for BKK:UPF

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

฿21.00
Price
฿29.54
GF Value