Joint Stock Commercial Bank for Foreign Trade of Vietnam (BKK:VCB11) E10: ฿0.16 (As of Jun. 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:VCB11 Joint Stock Commercial Bank for Foreign Trade of Vietnam BKK:VCB11
64 GF Score
Price ฿2.92
GF Value ฿3.79
Valuation Modestly Undervalued
! 1 Warning Sign
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What is Joint Stock Commercial Bank for Foreign Trade of Vietnam E10?

Joint Stock Commercial Bank for Foreign Trade of Vietnam BKK:VCB11 64 E10 is ฿0.16 as of Jun. 2026. GuruFocus rates BKK:VCB11 with a GF Score™ of 64/100 and a GF Value™ of ฿3.79 (Modestly Undervalued). The stock has 1 warning sign 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.

Joint Stock Commercial Bank for Foreign Trade of Vietnam's adjusted earnings per share data for the three months ended in Jun. 2026 was ฿0.089. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ฿0.16 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Joint Stock Commercial Bank for Foreign Trade of Vietnam's average E10 Growth Rate was 19.50% per year. During the past 3 years, the average E10 Growth Rate was 21.00% 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 Joint Stock Commercial Bank for Foreign Trade of Vietnam was 23.80% per year. The lowest was 21.00% per year. And the median was 22.40% per year.

As of today (2026-08-21), Joint Stock Commercial Bank for Foreign Trade of Vietnam's current stock price is ฿2.92. Joint Stock Commercial Bank for Foreign Trade of Vietnam's E10 for the quarter that ended in Jun. 2026 was ฿0.16. Joint Stock Commercial Bank for Foreign Trade of Vietnam's Shiller PE Ratio of today is 18.25.

During the past 13 years, the highest Shiller PE Ratio of Joint Stock Commercial Bank for Foreign Trade of Vietnam was 44.72. The lowest was 17.41. And the median was 29.49.


Joint Stock Commercial Bank for Foreign Trade of Vietnam  (BKK:VCB11) 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.

Joint Stock Commercial Bank for Foreign Trade of Vietnam's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=2.92/0.16
=18.25

* 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 Joint Stock Commercial Bank for Foreign Trade of Vietnam was 44.72. The lowest was 17.41. And the median was 29.49.


Be Aware

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


Joint Stock Commercial Bank for Foreign Trade of Vietnam E10 Related Terms


Joint Stock Commercial Bank for Foreign Trade of Vietnam E10 Historical Data

* Premium members only.

The historical data trend for Joint Stock Commercial Bank for Foreign Trade of Vietnam'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.

Joint Stock Commercial Bank for Foreign Trade of Vietnam E10 Chart

Joint Stock Commercial Bank for Foreign Trade of Vietnam 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 0.14

Joint Stock Commercial Bank for Foreign Trade of Vietnam 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 0.13 0.14 0.15 0.16

Joint Stock Commercial Bank for Foreign Trade of Vietnam E10 Competitor Comparison

For the Banks - Regional subindustry, Joint Stock Commercial Bank for Foreign Trade of Vietnam'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.


Joint Stock Commercial Bank for Foreign Trade of Vietnam Shiller PE Ratio vs Banks Industry

For the Banks industry and Financial Services sector, Joint Stock Commercial Bank for Foreign Trade of Vietnam's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Joint Stock Commercial Bank for Foreign Trade of Vietnam's Shiller PE Ratio falls into.


BKK:VCB11
64GF Score
Joint Stock Commercial Bank for Foreign Trade of Vietnam BKK:VCB11
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Joint Stock Commercial Bank for Foreign Trade of Vietnam 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, Joint Stock Commercial Bank for Foreign Trade of Vietnam'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)
=0.089/333.9520*333.9520
=0.089

Current CPI (Jun. 2026) = 333.9520.

Joint Stock Commercial Bank for Foreign Trade of Vietnam Quarterly Data

per share eps CPI Adj_EPS
201609 0.010 241.428 0.014
201612 0.003 241.432 0.004
201703 0.014 243.801 0.019
201706 0.013 244.955 0.018
201709 0.014 246.819 0.019
201712 0.005 246.524 0.007
201803 0.022 249.554 0.029
201806 0.019 251.989 0.025
201809 0.019 252.439 0.025
201812 0.016 251.233 0.021
201903 0.029 254.202 0.038
201906 0.027 256.143 0.035
201909 0.031 256.759 0.040
201912 0.013 256.974 0.017
202003 0.026 258.115 0.034
202006 0.028 257.797 0.036
202009 0.025 260.280 0.032
202012 0.020 260.474 0.026
202103 0.042 264.877 0.053
202106 0.024 271.696 0.029
202109 0.028 274.310 0.034
202112 0.026 278.802 0.031
202203 0.049 287.504 0.057
202206 0.037 296.311 0.042
202209 0.037 296.808 0.042
202212 0.041 296.797 0.046
202303 0.055 301.836 0.061
202306 0.046 305.109 0.050
202309 0.045 307.789 0.049
202312 0.058 306.746 0.063
202403 0.053 312.332 0.057
202406 0.050 314.175 0.053
202409 0.053 315.301 0.056
202412 0.053 315.605 0.056
202503 0.053 319.799 0.055
202506 0.062 322.561 0.064
202509 0.055 324.800 0.057
202512 0.053 324.054 0.055
202603 0.058 330.213 0.059
202606 0.089 333.952 0.089

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 ฿0.16 mean?
Joint Stock Commercial Bank for Foreign Trade of Vietnam (BKK:VCB11) has a E10 of ฿0.16 as of Jun. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Joint Stock Commercial Bank for Foreign Trade of Vietnam and its competitors.
Is Joint Stock Commercial Bank for Foreign Trade of Vietnam's E10 too high?
Joint Stock Commercial Bank for Foreign Trade of Vietnam's current E10 is ฿0.16. Overall, Joint Stock Commercial Bank for Foreign Trade of Vietnam has a GF Score™ of 64/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Joint Stock Commercial Bank for Foreign Trade of Vietnam's E10 compare to competitors?
Joint Stock Commercial Bank for Foreign Trade of Vietnam's E10 of ฿0.16 can be compared against companies in the Banks 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 Banks company?
A good E10 depends on the Banks 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 Joint Stock Commercial Bank for Foreign Trade of Vietnam and its competitors. Joint Stock Commercial Bank for Foreign Trade of Vietnam's current E10 is ฿0.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Joint Stock Commercial Bank for Foreign Trade of Vietnam stock overvalued right now?
Based on GuruFocus' analysis, Joint Stock Commercial Bank for Foreign Trade of Vietnam (BKK:VCB11) is currently considered Modestly Undervalued. The stock's GF Value™ is ฿3.79, compared to a current price of ฿2.92 — trading 23% below its estimated fair value. The current E10 is ฿0.16. Joint Stock Commercial Bank for Foreign Trade of Vietnam's overall GF Score™ is 64/100 with 1 warning sign 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 Joint Stock Commercial Bank for Foreign Trade of Vietnam (BKK:VCB11), the current E10 is ฿0.16 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 Joint Stock Commercial Bank for Foreign Trade of Vietnam (BKK:VCB11) Overvalued in 2026?

Based on GuruFocus' analysis, Joint Stock Commercial Bank for Foreign Trade of Vietnam stock appears to be undervalued. The current stock price of ฿2.92 is trading 23% below its estimated GF Value™ of ฿3.79. GuruFocus considers Joint Stock Commercial Bank for Foreign Trade of Vietnam to be Modestly Undervalued.

Key valuation signals for BKK:VCB11:

  • E10: ฿0.16
  • GF Value™: ฿3.79 vs. price of ฿2.92 (23% below fair value)
  • GF Score™: 64/100 with 1 warning sign

No single metric tells the full story. See the BKK:VCB11 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Joint Stock Commercial Bank for Foreign Trade of Vietnam Business Description

Other Exchanges VCB:Vietnam
Address No. 198 Tran Quang Khai Street, Hoan Kiem District, Ha Noi, VNM
Joint Stock Commercial Bank for Foreign Trade of Vietnam is a a state-owned commercial bank. Its activities include selling gold bars; mobilizing and receiving short, medium and long-term deposits from organizations and individuals; lending to organizations and individuals up to the nature and capability of the bank's capital resources; conducting settlement and cash services; providing other banking services. Its personal banking services include Account Services, Digital Banking Services, Cards, Loans, Savings, Insurance, Investments, and Money Transfer Services. Institutional banking provides SME banking, and corporate banking.
64GF Score

Get the complete analysis for BKK:VCB11

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

฿2.92
Price
฿3.79
GF Value