PT Panin Sekuritas Tbk (ISX:PANS) E10: Rp241.46 (As of Mar. 2026)


ISX:PANS PT Panin Sekuritas Tbk ISX:PANS
80 GF Score
Price Rp1,465.00
GF Value Rp1,870.77
Valuation Modestly Undervalued
! 2 Warning Signs
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What is PT Panin Sekuritas Tbk E10?

PT Panin Sekuritas Tbk ISX:PANS -0.34% 80 E10 is Rp241.46 as of Mar. 2026. GuruFocus rates ISX:PANS with a GF Score™ of 80/100 and a GF Value™ of Rp1,870.77 (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 Panin Sekuritas Tbk's adjusted earnings per share data for the three months ended in Mar. 2026 was Rp16.280. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is Rp241.46 for the trailing ten years ended in Mar. 2026.

During the past 12 months, PT Panin Sekuritas Tbk's average E10 Growth Rate was 13.60% per year. During the past 3 years, the average E10 Growth Rate was -4.80% per year. During the past 5 years, the average E10 Growth Rate was -2.60% 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 PT Panin Sekuritas Tbk was 0.80% per year. The lowest was -5.20% per year. And the median was -4.80% per year.

As of today (2026-07-04), PT Panin Sekuritas Tbk's current stock price is Rp1465.00. PT Panin Sekuritas Tbk's E10 for the quarter that ended in Mar. 2026 was Rp241.46. PT Panin Sekuritas Tbk's Shiller PE Ratio of today is 6.07.

During the past 13 years, the highest Shiller PE Ratio of PT Panin Sekuritas Tbk was 7.62. The lowest was 3.13. And the median was 6.06.


PT Panin Sekuritas Tbk  (ISX:PANS) 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 Panin Sekuritas Tbk's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=1465.00/241.46
=6.07

* 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 Panin Sekuritas Tbk was 7.62. The lowest was 3.13. And the median was 6.06.


Be Aware

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


PT Panin Sekuritas Tbk E10 Related Terms


PT Panin Sekuritas Tbk E10 Historical Data

* Premium members only.

The historical data trend for PT Panin Sekuritas 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 Panin Sekuritas Tbk E10 Chart

PT Panin Sekuritas 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 269.79 291.61 278.31 229.68 251.64

PT Panin Sekuritas 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 212.50 235.73 260.34 251.64 241.46

ISX:PANS vs MS, GS, SCHW: E10 Comparison

For the Capital Markets subindustry, PT Panin Sekuritas 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 Panin Sekuritas Tbk Shiller PE Ratio vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, PT Panin Sekuritas Tbk's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where PT Panin Sekuritas Tbk's Shiller PE Ratio falls into.


ISX:PANS
80GF Score
PT Panin Sekuritas Tbk ISX:PANS
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PT Panin Sekuritas 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 Panin Sekuritas 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)
=16.28/136.5387*136.5387
=16.280

Current CPI (Mar. 2026) = 136.5387.

PT Panin Sekuritas Tbk Quarterly Data

per share eps CPI Adj_EPS
201606 92.460 103.212 122.315
201609 149.105 104.142 195.488
201612 6.690 105.222 8.681
201703 115.740 106.476 148.418
201706 47.530 107.722 60.245
201709 23.959 108.020 30.284
201712 60.765 109.017 76.105
201803 63.040 110.097 78.181
201806 -39.270 111.085 -48.268
201809 33.991 111.135 41.761
201812 60.610 112.430 73.607
201903 153.440 112.829 185.684
201906 36.352 114.730 43.262
201909 -24.760 114.905 -29.422
201912 13.291 115.486 15.714
202003 -305.900 116.252 -359.281
202006 135.341 116.630 158.444
202009 25.290 116.397 29.666
202012 261.457 117.318 304.292
202103 45.980 117.840 53.276
202106 24.260 118.184 28.028
202109 64.886 118.262 74.914
202112 77.116 119.516 88.100
202203 87.610 120.948 98.903
202206 93.500 123.322 103.520
202209 142.270 125.298 155.033
202212 24.198 126.098 26.202
202303 46.800 126.953 50.334
202306 76.300 127.663 81.605
202309 39.565 128.151 42.154
202312 20.477 129.395 21.608
202403 76.380 130.607 79.849
202406 -7.350 130.792 -7.673
202409 112.908 130.361 118.259
202412 -22.850 131.432 -23.738
202503 -24.630 131.948 -25.487
202506 75.740 133.241 77.615
202509 107.620 133.819 109.807
202512 109.814 135.271 110.843
202603 16.280 136.539 16.280

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 Rp241.46 mean?
PT Panin Sekuritas Tbk (ISX:PANS) has a E10 of Rp241.46 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on PT Panin Sekuritas Tbk and its competitors.
Is PT Panin Sekuritas Tbk's E10 too high?
PT Panin Sekuritas Tbk's current E10 is Rp241.46. Overall, PT Panin Sekuritas 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 Panin Sekuritas Tbk's E10 compare to MS and GS?
PT Panin Sekuritas Tbk's E10 of Rp241.46 can be compared against companies in the Capital Markets 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 Capital Markets company?
A good E10 depends on the Capital Markets 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 Panin Sekuritas Tbk and its competitors. PT Panin Sekuritas Tbk's current E10 is Rp241.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Panin Sekuritas Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Panin Sekuritas Tbk (ISX:PANS) is currently considered Modestly Undervalued. The stock's GF Value™ is Rp1,870.77, compared to a current price of Rp1,465.00 — trading 21.7% below its estimated fair value. The current E10 is Rp241.46. PT Panin Sekuritas 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 Panin Sekuritas Tbk (ISX:PANS), the current E10 is Rp241.46 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 Panin Sekuritas Tbk (ISX:PANS) Overvalued in 2026?

Based on GuruFocus' analysis, PT Panin Sekuritas Tbk stock appears to be undervalued. The current stock price of Rp1,465.00 is trading 21.7% below its estimated GF Value™ of Rp1,870.77. GuruFocus considers PT Panin Sekuritas Tbk to be Modestly Undervalued.

Key valuation signals for ISX:PANS:

  • E10: Rp241.46
  • GF Value™: Rp1,870.77 vs. price of Rp1,465.00 (21.7% below fair value)
  • GF Score™: 80/100 with 2 warning signs

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


PT Panin Sekuritas Tbk Business Description

Address Jalan Jendral Sudirman Kav. 52-53, Suite 1705, 17th Floor, Gedung Bursa Efek Indonesia (BEI) - Tower II, Jakarta, IDN, 12190
PT Panin Sekuritas Tbk is engaged in the capital markets business sector. The company is engaged in providing services like broker dealing, corporate finance, asset management, research, online trading, Sharia online trading, education, and others. The operating segments of the company include Brokerage and underwriting and Investment manager and Other business activities. The company generates maximum revenue from the Brokerage and underwriting segment. The product line of the company consists of Panin News, trading ideas, recommendations, company reports, industrial reports, and others.
80GF Score

Get the complete analysis for ISX:PANS

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

Rp1,465.00
Price
Rp1,870.77
GF Value