PT Bank Tabungan Negara (Persero) Tbk (ISX:BBTN) E10: Rp240.04 (As of Jun. 2026)

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ISX:BBTN PT Bank Tabungan Negara (Persero) Tbk ISX:BBTN
80 GF Score
Price Rp1,215.00
GF Value Rp1,513.51
Valuation Modestly Undervalued
! 2 Warning Signs
View Full Analysis

What is PT Bank Tabungan Negara (Persero) Tbk E10?

PT Bank Tabungan Negara (Persero) Tbk ISX:BBTN -0.41% 80 E10 is Rp240.04 as of Jun. 2026. GuruFocus rates ISX:BBTN with a GF Score™ of 80/100 and a GF Value™ of Rp1,513.51 (Modestly Undervalued). The stock has 2 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.

PT Bank Tabungan Negara (Persero) Tbk's adjusted earnings per share data for the three months ended in Jun. 2026 was Rp92.000. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is Rp240.04 for the trailing ten years ended in Jun. 2026.

During the past 12 months, PT Bank Tabungan Negara (Persero) Tbk's average E10 Growth Rate was 6.40% per year. During the past 3 years, the average E10 Growth Rate was 5.30% per year. During the past 5 years, the average E10 Growth Rate was 6.00% 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 PT Bank Tabungan Negara (Persero) Tbk was 6.70% per year. The lowest was 0.40% per year. And the median was 5.30% per year.

As of today (2026-08-19), PT Bank Tabungan Negara (Persero) Tbk's current stock price is Rp1215.00. PT Bank Tabungan Negara (Persero) Tbk's E10 for the quarter that ended in Jun. 2026 was Rp240.04. PT Bank Tabungan Negara (Persero) Tbk's Shiller PE Ratio of today is 5.06.

During the past 13 years, the highest Shiller PE Ratio of PT Bank Tabungan Negara (Persero) Tbk was 14.40. The lowest was 3.50. And the median was 6.82.


PT Bank Tabungan Negara (Persero) Tbk  (ISX:BBTN) 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.

PT Bank Tabungan Negara (Persero) Tbk's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=1215.00/240.04
=5.06

* 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 PT Bank Tabungan Negara (Persero) Tbk was 14.40. The lowest was 3.50. And the median was 6.82.


Be Aware

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


PT Bank Tabungan Negara (Persero) Tbk E10 Related Terms


PT Bank Tabungan Negara (Persero) Tbk E10 Historical Data

* Premium members only.

The historical data trend for PT Bank Tabungan Negara (Persero) Tbk'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.

PT Bank Tabungan Negara (Persero) Tbk E10 Chart

PT Bank Tabungan Negara (Persero) Tbk 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 181.05 197.16 208.31 219.77 230.38

PT Bank Tabungan Negara (Persero) Tbk 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 225.54 226.37 230.38 235.01 240.04

PT Bank Tabungan Negara (Persero) Tbk E10 Competitor Comparison

For the Banks - Regional subindustry, PT Bank Tabungan Negara (Persero) Tbk'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.


PT Bank Tabungan Negara (Persero) Tbk Shiller PE Ratio vs Banks Industry

For the Banks industry and Financial Services sector, PT Bank Tabungan Negara (Persero) Tbk's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where PT Bank Tabungan Negara (Persero) Tbk's Shiller PE Ratio falls into.


ISX:BBTN
80GF Score
PT Bank Tabungan Negara (Persero) Tbk ISX:BBTN
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PT Bank Tabungan Negara (Persero) Tbk 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, PT Bank Tabungan Negara (Persero) Tbk'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)
=92/137.6954*137.6954
=92.000

Current CPI (Jun. 2026) = 137.6954.

PT Bank Tabungan Negara (Persero) Tbk Quarterly Data

per share eps CPI Adj_EPS
201609 48.862 104.142 64.605
201612 83.510 105.222 109.283
201703 49.751 106.476 64.338
201706 56.858 107.722 72.679
201709 61.300 108.020 78.140
201712 85.753 109.017 108.312
201803 57.746 110.097 72.222
201806 61.300 111.085 75.985
201809 -2.336 111.135 -2.894
201812 118.158 112.430 144.711
201903 60.411 112.829 73.725
201906 48.862 114.730 58.643
201909 -42.354 114.905 -50.755
201912 -49.751 115.486 -59.319
202003 38.201 116.252 45.247
202006 25.764 116.630 30.417
202009 29.550 116.397 34.957
202012 39.978 117.318 46.922
202103 52.416 117.840 61.248
202106 24.746 118.184 28.831
202109 49.751 118.262 57.926
202112 71.961 119.516 82.907
202203 63.965 120.948 72.822
202206 58.430 123.322 65.240
202209 67.438 125.298 74.110
202212 64.853 126.098 70.818
202303 57.000 126.953 61.823
202306 47.988 127.663 51.759
202309 59.735 128.151 64.184
202312 84.000 129.395 89.389
202403 61.000 130.607 64.311
202406 45.721 130.792 48.134
202409 41.000 130.361 43.307
202412 65.905 131.432 69.046
202503 64.000 131.948 66.788
202506 57.194 133.241 59.106
202509 42.000 133.819 43.217
202512 85.000 135.271 86.523
202603 79.000 136.539 79.669
202606 92.000 137.695 92.000

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 Rp240.04 mean?
PT Bank Tabungan Negara (Persero) Tbk (ISX:BBTN) has a E10 of Rp240.04 as of Jun. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on PT Bank Tabungan Negara (Persero) Tbk and its competitors.
Is PT Bank Tabungan Negara (Persero) Tbk's E10 too high?
PT Bank Tabungan Negara (Persero) Tbk's current E10 is Rp240.04. Overall, PT Bank Tabungan Negara (Persero) Tbk has a GF Score™ of 80/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PT Bank Tabungan Negara (Persero) Tbk's E10 compare to competitors?
PT Bank Tabungan Negara (Persero) Tbk's E10 of Rp240.04 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 PT Bank Tabungan Negara (Persero) Tbk and its competitors. PT Bank Tabungan Negara (Persero) Tbk's current E10 is Rp240.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Bank Tabungan Negara (Persero) Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Bank Tabungan Negara (Persero) Tbk (ISX:BBTN) is currently considered Modestly Undervalued. The stock's GF Value™ is Rp1,513.51, compared to a current price of Rp1,215.00 — trading 19.7% below its estimated fair value. The current E10 is Rp240.04. PT Bank Tabungan Negara (Persero) Tbk's overall GF Score™ is 80/100 with 2 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 PT Bank Tabungan Negara (Persero) Tbk (ISX:BBTN), the current E10 is Rp240.04 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 PT Bank Tabungan Negara (Persero) Tbk (ISX:BBTN) Overvalued in 2026?

Based on GuruFocus' analysis, PT Bank Tabungan Negara (Persero) Tbk stock appears to be undervalued. The current stock price of Rp1,215.00 is trading 19.7% below its estimated GF Value™ of Rp1,513.51. GuruFocus considers PT Bank Tabungan Negara (Persero) Tbk to be Modestly Undervalued.

Key valuation signals for ISX:BBTN:

  • E10: Rp240.04
  • GF Value™: Rp1,513.51 vs. price of Rp1,215.00 (19.7% below fair value)
  • GF Score™: 80/100 with 2 warning signs

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


PT Bank Tabungan Negara (Persero) Tbk Business Description

Address Jalan Gajah Mada No. 1, Menara BTN, Jakarta, IDN, 10130
PT Bank Tabungan Negara (Persero) Tbk conducts business in the banking sector. Its activities include Collecting funds from the public in the form of savings, current accounts, time deposits, certificates of deposit, distributing funds in the form of credit or financing, issuing and/or carrying out securities transactions. Its products and services are divided into two segments, namely conventional and sharia. Conventional banking consist of Consumer products and Commercial products; and Sharia consist of Sharia Products. Its services include consumer loan products, consumer savings products, and wealth management products.
80GF Score

Get the complete analysis for ISX:BBTN

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

Rp1,215.00
Price
Rp1,513.51
GF Value