PT Victoria Investama Tbk (ISX:VICO) E10: Rp12.58 (As of Mar. 2026)


ISX:VICO PT Victoria Investama Tbk ISX:VICO
77 GF Score
Price Rp139.00
GF Value Rp160.22
Valuation Modestly Undervalued
! 3 Warning Signs
View Full Analysis

What is PT Victoria Investama Tbk E10?

PT Victoria Investama Tbk ISX:VICO 77 E10 is Rp12.58 as of Mar. 2026. GuruFocus rates ISX:VICO with a GF Score™ of 77/100 and a GF Value™ of Rp160.22 (Modestly Undervalued). The stock has 3 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 Victoria Investama Tbk's adjusted earnings per share data for the three months ended in Mar. 2026 was Rp1.880. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is Rp12.58 for the trailing ten years ended in Mar. 2026.

During the past 12 months, PT Victoria Investama Tbk's average E10 Growth Rate was 26.70% per year. During the past 3 years, the average E10 Growth Rate was 1.00% 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 Victoria Investama Tbk was 1.00% per year. The lowest was 1.00% per year. And the median was 1.00% per year.

As of today (2026-06-26), PT Victoria Investama Tbk's current stock price is Rp139.00. PT Victoria Investama Tbk's E10 for the quarter that ended in Mar. 2026 was Rp12.58. PT Victoria Investama Tbk's Shiller PE Ratio of today is 11.05.

During the past 13 years, the highest Shiller PE Ratio of PT Victoria Investama Tbk was 23.03. The lowest was 7.87. And the median was 13.63.


PT Victoria Investama Tbk  (ISX:VICO) 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 Victoria Investama Tbk's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=139.00/12.58
=11.05

* 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 Victoria Investama Tbk was 23.03. The lowest was 7.87. And the median was 13.63.


Be Aware

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


PT Victoria Investama Tbk E10 Related Terms


PT Victoria Investama Tbk E10 Historical Data

* Premium members only.

The historical data trend for PT Victoria Investama 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 Victoria Investama Tbk E10 Chart

PT Victoria Investama 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 12.27 10.84 10.16 12.63

PT Victoria Investama 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 9.93 12.38 12.40 12.63 12.58

ISX:VICO vs BLK, BX, KKR: E10 Comparison

For the Asset Management subindustry, PT Victoria Investama 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 Victoria Investama Tbk Shiller PE Ratio vs Asset Management Industry

For the Asset Management industry and Financial Services sector, PT Victoria Investama Tbk's Shiller PE Ratio distribution charts can be found below:

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


ISX:VICO
77GF Score
PT Victoria Investama Tbk ISX:VICO
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PT Victoria Investama 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 Victoria Investama 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)
=1.88/136.5387*136.5387
=1.880

Current CPI (Mar. 2026) = 136.5387.

PT Victoria Investama Tbk Quarterly Data

per share eps CPI Adj_EPS
201606 0.000 103.212 0.000
201609 3.780 104.142 4.956
201612 44.225 105.222 57.388
201703 7.654 106.476 9.815
201706 47.281 107.722 59.929
201709 -32.842 108.020 -41.513
201712 -12.339 109.017 -15.454
201803 3.788 110.097 4.698
201806 -0.123 111.085 -0.151
201809 1.135 111.135 1.394
201812 -0.771 112.430 -0.936
201903 2.241 112.829 2.712
201906 1.446 114.730 1.721
201909 2.383 114.905 2.832
201912 -0.961 115.486 -1.136
202003 -0.419 116.252 -0.492
202006 0.173 116.630 0.203
202009 2.474 116.397 2.902
202012 -13.471 117.318 -15.678
202103 0.925 117.840 1.072
202106 1.055 118.184 1.219
202109 0.418 118.262 0.483
202112 -5.969 119.516 -6.819
202203 0.650 120.948 0.734
202206 1.732 123.322 1.918
202209 5.150 125.298 5.612
202212 2.100 126.098 2.274
202303 3.180 126.953 3.420
202306 1.419 127.663 1.518
202309 1.970 128.151 2.099
202312 -2.151 129.395 -2.270
202403 1.550 130.607 1.620
202406 1.249 130.792 1.304
202409 0.900 130.361 0.943
202412 0.552 131.432 0.573
202503 1.420 131.948 1.469
202506 26.570 133.241 27.228
202509 1.689 133.819 1.723
202512 1.470 135.271 1.484
202603 1.880 136.539 1.880

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 Rp12.58 mean?
PT Victoria Investama Tbk (ISX:VICO) has a E10 of Rp12.58 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on PT Victoria Investama Tbk and its competitors.
Is PT Victoria Investama Tbk's E10 too high?
PT Victoria Investama Tbk's current E10 is Rp12.58. Overall, PT Victoria Investama Tbk has a GF Score™ of 77/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PT Victoria Investama Tbk's E10 compare to BLK and BX?
PT Victoria Investama Tbk's E10 of Rp12.58 can be compared against companies in the Asset Management 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 an Asset Management company?
A good E10 depends on the Asset Management 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 Victoria Investama Tbk and its competitors. PT Victoria Investama Tbk's current E10 is Rp12.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Victoria Investama Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Victoria Investama Tbk (ISX:VICO) is currently considered Modestly Undervalued. The stock's GF Value™ is Rp160.22, compared to a current price of Rp139.00 — trading 13.2% below its estimated fair value. The current E10 is Rp12.58. PT Victoria Investama Tbk's overall GF Score™ is 77/100 with 3 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 Victoria Investama Tbk (ISX:VICO), the current E10 is Rp12.58 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 Victoria Investama Tbk (ISX:VICO) Overvalued in 2026?

Based on GuruFocus' analysis, PT Victoria Investama Tbk stock appears to be undervalued. The current stock price of Rp139.00 is trading 13.2% below its estimated GF Value™ of Rp160.22. GuruFocus considers PT Victoria Investama Tbk to be Modestly Undervalued.

Key valuation signals for ISX:VICO:

  • E10: Rp12.58
  • GF Value™: Rp160.22 vs. price of Rp139.00 (13.2% below fair value)
  • GF Score™: 77/100 with 3 warning signs

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


PT Victoria Investama Tbk Business Description

Address Jalan Jend. Gatot Subroto Kav. 23, Graha BIP, Lantai 3A, South jakarta, Karet Semanggi, Setiabudi, Jakarta, IDN, 12930
PT Victoria Investama Tbk is a holding company engaged in the investment sector, with a focus on providing integrated financial services for both corporate clients and retail customers. It provides various services including Securities Trading, Securities Underwriting, Asset Management, General Insurance, Life Insurance, as well as Banking. The company's segments include consulting services, underwriting and securities trading brokerage, loss insurance, investment management, life insurance and banking. The banking segment is the main revenue contributor.
77GF Score

Get the complete analysis for ISX:VICO

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

Rp139.00
Price
Rp160.22
GF Value