PT Bank Pan Indonesia Tbk (ISX:PNBN) E10: Rp131.54 (As of Mar. 2026)


ISX:PNBN PT Bank Pan Indonesia Tbk ISX:PNBN
62 GF Score
Price Rp885.00
GF Value Rp1,164.74
Valuation Modestly Undervalued
! 2 Warning Signs
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What is PT Bank Pan Indonesia Tbk E10?

PT Bank Pan Indonesia Tbk ISX:PNBN +2.91% 62 E10 is Rp131.54 as of Mar. 2026. GuruFocus rates ISX:PNBN with a GF Score™ of 62/100 and a GF Value™ of Rp1,164.74 (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 Pan Indonesia Tbk's adjusted earnings per share data for the three months ended in Mar. 2026 was Rp29.020. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is Rp131.54 for the trailing ten years ended in Mar. 2026.

During the past 12 months, PT Bank Pan Indonesia Tbk's average E10 Growth Rate was 6.40% per year. During the past 3 years, the average E10 Growth Rate was 1.90% per year. During the past 5 years, the average E10 Growth Rate was 1.90% 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 Pan Indonesia Tbk was 2.50% per year. The lowest was 1.60% per year. And the median was 1.75% per year.

As of today (2026-07-05), PT Bank Pan Indonesia Tbk's current stock price is Rp885.00. PT Bank Pan Indonesia Tbk's E10 for the quarter that ended in Mar. 2026 was Rp131.54. PT Bank Pan Indonesia Tbk's Shiller PE Ratio of today is 6.73.

During the past 13 years, the highest Shiller PE Ratio of PT Bank Pan Indonesia Tbk was 22.17. The lowest was 5.75. And the median was 9.23.


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

Shiller PE Ratio=Share Price/E10
=885.00/131.54
=6.73

* 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 Pan Indonesia Tbk was 22.17. The lowest was 5.75. And the median was 9.23.


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 Pan Indonesia Tbk E10 Related Terms


PT Bank Pan Indonesia Tbk E10 Historical Data

* Premium members only.

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

PT Bank Pan 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 117.44 123.50 123.68 123.32 130.58

PT Bank Pan 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 123.57 125.26 127.99 130.58 131.54

PT Bank Pan Indonesia Tbk E10 Competitor Comparison

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

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

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


ISX:PNBN
62GF Score
PT Bank Pan Indonesia Tbk ISX:PNBN
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
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PT Bank Pan 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 Pan 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)
=29.02/136.5387*136.5387
=29.020

Current CPI (Mar. 2026) = 136.5387.

PT Bank Pan Indonesia Tbk Quarterly Data

per share eps CPI Adj_EPS
201606 21.790 103.212 28.826
201609 25.320 104.142 33.196
201612 28.910 105.222 37.514
201703 30.090 106.476 38.586
201706 25.530 107.722 32.360
201709 31.460 108.020 39.766
201712 13.070 109.017 16.370
201803 27.700 110.097 34.353
201806 25.400 111.085 31.220
201809 34.500 111.135 42.386
201812 41.620 112.430 50.545
201903 33.300 112.829 40.298
201906 32.900 114.730 39.154
201909 33.600 114.905 39.926
201912 37.900 115.486 44.809
202003 28.410 116.252 33.368
202006 25.550 116.630 29.911
202009 42.070 116.397 49.350
202012 32.800 117.318 38.174
202103 24.690 117.840 28.608
202106 33.760 118.184 39.003
202109 35.280 118.262 40.732
202112 -8.060 119.516 -9.208
202203 27.160 120.948 30.661
202206 37.720 123.322 41.762
202209 35.400 125.298 38.576
202212 26.000 126.098 28.153
202303 24.470 126.953 26.318
202306 47.750 127.663 51.070
202309 28.070 128.151 29.907
202312 4.820 129.395 5.086
202403 28.530 130.607 29.826
202406 24.450 130.792 25.524
202409 37.850 130.361 39.644
202412 22.870 131.432 23.759
202503 30.370 131.948 31.427
202506 26.940 133.241 27.607
202509 30.670 133.819 31.293
202512 26.260 135.271 26.506
202603 29.020 136.539 29.020

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 Rp131.54 mean?
PT Bank Pan Indonesia Tbk (ISX:PNBN) has a E10 of Rp131.54 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 Pan Indonesia Tbk and its competitors.
Is PT Bank Pan Indonesia Tbk's E10 too high?
PT Bank Pan Indonesia Tbk's current E10 is Rp131.54. Overall, PT Bank Pan Indonesia Tbk has a GF Score™ of 62/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PT Bank Pan Indonesia Tbk's E10 compare to competitors?
PT Bank Pan Indonesia Tbk's E10 of Rp131.54 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 Pan Indonesia Tbk and its competitors. PT Bank Pan Indonesia Tbk's current E10 is Rp131.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Bank Pan Indonesia Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Bank Pan Indonesia Tbk (ISX:PNBN) is currently considered Modestly Undervalued. The stock's GF Value™ is Rp1,164.74, compared to a current price of Rp885.00 — trading 24% below its estimated fair value. The current E10 is Rp131.54. PT Bank Pan Indonesia Tbk's overall GF Score™ is 62/100 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 Pan Indonesia Tbk (ISX:PNBN), the current E10 is Rp131.54 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 Pan Indonesia Tbk (ISX:PNBN) Overvalued in 2026?

Based on GuruFocus' analysis, PT Bank Pan Indonesia Tbk stock appears to be undervalued. The current stock price of Rp885.00 is trading 24% below its estimated GF Value™ of Rp1,164.74. GuruFocus considers PT Bank Pan Indonesia Tbk to be Modestly Undervalued.

Key valuation signals for ISX:PNBN:

  • E10: Rp131.54
  • GF Value™: Rp1,164.74 vs. price of Rp885.00 (24% below fair value)
  • GF Score™: 62/100 with 2 warning signs

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


PT Bank Pan Indonesia Tbk Business Description

Address Jalan l. Jendral Sudirman Kav. 1, Panin Bank Center, Senayan, Jakarta, IDN, 10270
PT Bank Pan Indonesia Tbk is an Indonesian bank with a subsidiary that operates in the field of banking services. It provides Individual and business banking services. Its reportable segments are Banking and Multi-finance. It generates the majority of its revenue from the Banking segment, which includes conventional commercial banks and Sharia commercial banks. The principal operation of the group is in Indonesia.
62GF Score

Get the complete analysis for ISX:PNBN

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

Rp885.00
Price
Rp1,164.74
GF Value