PT Bank Maspion Indonesia Tbk (ISX:BMAS) E10: Rp4.55 (As of Mar. 2026)


ISX:BMAS PT Bank Maspion Indonesia Tbk ISX:BMAS
47 GF Score
Price Rp474.00
GF Value Rp590.73
Valuation Modestly Undervalued
! 4 Warning Signs
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What is PT Bank Maspion Indonesia Tbk E10?

PT Bank Maspion Indonesia Tbk ISX:BMAS -0.42% 47 E10 is Rp4.55 as of Mar. 2026. GuruFocus rates ISX:BMAS with a GF Score™ of 47/100 and a GF Value™ of Rp590.73 (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.

PT Bank Maspion Indonesia Tbk's adjusted earnings per share data for the three months ended in Mar. 2026 was Rp0.140. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is Rp4.55 for the trailing ten years ended in Mar. 2026.

During the past 12 months, PT Bank Maspion Indonesia Tbk's average E10 Growth Rate was -9.70% per year. During the past 3 years, the average E10 Growth Rate was -9.70% 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 Maspion Indonesia Tbk was -9.70% per year. The lowest was -9.70% per year. And the median was -9.70% per year.

As of today (2026-07-04), PT Bank Maspion Indonesia Tbk's current stock price is Rp474.00. PT Bank Maspion Indonesia Tbk's E10 for the quarter that ended in Mar. 2026 was Rp4.55. PT Bank Maspion Indonesia Tbk's Shiller PE Ratio of today is 104.18.

During the past 13 years, the highest Shiller PE Ratio of PT Bank Maspion Indonesia Tbk was 170.51. The lowest was 74.03. And the median was 107.16.


PT Bank Maspion Indonesia Tbk  (ISX:BMAS) 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 Maspion Indonesia Tbk's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=474.00/4.55
=104.18

* 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 Maspion Indonesia Tbk was 170.51. The lowest was 74.03. And the median was 107.16.


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 Maspion Indonesia Tbk E10 Related Terms


PT Bank Maspion Indonesia Tbk E10 Historical Data

* Premium members only.

The historical data trend for PT Bank Maspion Indonesia 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 Maspion Indonesia Tbk E10 Chart

PT Bank Maspion Indonesia 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 0.00 6.38 6.52 4.91 4.70

PT Bank Maspion Indonesia Tbk 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 5.04 4.98 4.90 4.70 4.55

PT Bank Maspion Indonesia Tbk E10 Competitor Comparison

For the Banks - Regional subindustry, PT Bank Maspion Indonesia 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 Maspion Indonesia Tbk Shiller PE Ratio vs Banks Industry

For the Banks industry and Financial Services sector, PT Bank Maspion Indonesia Tbk's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where PT Bank Maspion Indonesia Tbk's Shiller PE Ratio falls into.


ISX:BMAS
47GF Score
PT Bank Maspion Indonesia Tbk ISX:BMAS
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PT Bank Maspion Indonesia 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 Maspion Indonesia Tbk'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)
=0.14/136.5387*136.5387
=0.140

Current CPI (Mar. 2026) = 136.5387.

PT Bank Maspion Indonesia Tbk Quarterly Data

per share eps CPI Adj_EPS
201606 1.728 103.212 2.286
201609 1.550 104.142 2.032
201612 1.759 105.222 2.283
201703 1.509 106.476 1.935
201706 1.493 107.722 1.892
201709 1.224 108.020 1.547
201712 1.794 109.017 2.247
201803 1.324 110.097 1.642
201806 1.270 111.085 1.561
201809 0.916 111.135 1.125
201812 2.640 112.430 3.206
201903 1.332 112.829 1.612
201906 1.309 114.730 1.558
201909 1.222 114.905 1.452
201912 1.311 115.486 1.550
202003 1.366 116.252 1.604
202006 1.242 116.630 1.454
202009 1.006 116.397 1.180
202012 2.186 117.318 2.544
202103 1.632 117.840 1.891
202106 1.647 118.184 1.903
202109 1.023 118.262 1.181
202112 2.640 119.516 3.016
202203 2.236 120.948 2.524
202206 2.647 123.322 2.931
202209 2.810 125.298 3.062
202212 1.540 126.098 1.668
202303 1.489 126.953 1.601
202306 1.513 127.663 1.618
202309 0.488 128.151 0.520
202312 0.561 129.395 0.592
202403 2.300 130.607 2.404
202406 0.480 130.792 0.501
202409 0.280 130.361 0.293
202412 -16.720 131.432 -17.370
202503 1.700 131.948 1.759
202506 -0.320 133.241 -0.328
202509 0.380 133.819 0.388
202512 -0.005 135.271 -0.005
202603 0.140 136.539 0.140

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 Rp4.55 mean?
PT Bank Maspion Indonesia Tbk (ISX:BMAS) has a E10 of Rp4.55 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on PT Bank Maspion Indonesia Tbk and its competitors.
Is PT Bank Maspion Indonesia Tbk's E10 too high?
PT Bank Maspion Indonesia Tbk's current E10 is Rp4.55. Overall, PT Bank Maspion Indonesia Tbk has a GF Score™ of 47/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PT Bank Maspion Indonesia Tbk's E10 compare to competitors?
PT Bank Maspion Indonesia Tbk's E10 of Rp4.55 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 Maspion Indonesia Tbk and its competitors. PT Bank Maspion Indonesia Tbk's current E10 is Rp4.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Bank Maspion Indonesia Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Bank Maspion Indonesia Tbk (ISX:BMAS) is currently considered Modestly Undervalued. The stock's GF Value™ is Rp590.73, compared to a current price of Rp474.00 — trading 19.8% below its estimated fair value. The current E10 is Rp4.55. PT Bank Maspion Indonesia Tbk's overall GF Score™ is 47/100 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 PT Bank Maspion Indonesia Tbk (ISX:BMAS), the current E10 is Rp4.55 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 PT Bank Maspion Indonesia Tbk (ISX:BMAS) Overvalued in 2026?

Based on GuruFocus' analysis, PT Bank Maspion Indonesia Tbk stock appears to be undervalued. The current stock price of Rp474.00 is trading 19.8% below its estimated GF Value™ of Rp590.73. GuruFocus considers PT Bank Maspion Indonesia Tbk to be Modestly Undervalued.

Key valuation signals for ISX:BMAS:

  • E10: Rp4.55
  • GF Value™: Rp590.73 vs. price of Rp474.00 (19.8% below fair value)
  • GF Score™: 47/100 with 4 warning signs

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


PT Bank Maspion Indonesia Tbk Business Description

Address Jl. Embong Malang, No. 21-31, Tunjungan Plaza 6 Lt. 32 & 33, Kel. Kedungdoro, Kec. Tegalsari, Surabaya, IDN, 60261
PT Bank Maspion Indonesia Tbk is a commercial bank offering banking products and financial services in Indonesia. It provides general banking services like accepting deposits, granting loans, Savings, Trade finance others. Its geographic segments are Jakarta, West Java, Central Java, East Java, Bali, Sulawesi, and Sumatera. The company generates the majority of its revenue from Jakarta region.
47GF Score

Get the complete analysis for ISX:BMAS

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

Rp474.00
Price
Rp590.73
GF Value