San Miguel Food And Beverage (PHS:FB) E10: ₱4.83 (As of Mar. 2026)


PHS:FB San Miguel Food And Beverage Inc PHS:FB
85 GF Score
Price ₱49.95
GF Value ₱56.17
Valuation Modestly Undervalued
! 2 Warning Signs
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What is San Miguel Food And Beverage E10?

San Miguel Food And Beverage PHS:FB -0.30% 85 E10 is ₱4.83 as of Mar. 2026. GuruFocus rates PHS:FB with a GF Score™ of 85/100 and a GF Value™ of ₱56.17 (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.

San Miguel Food And Beverage's adjusted earnings per share data for the three months ended in Mar. 2026 was ₱1.330. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₱4.83 for the trailing ten years ended in Mar. 2026.

During the past 12 months, San Miguel Food And Beverage's average E10 Growth Rate was 7.60% per year. During the past 3 years, the average E10 Growth Rate was 8.00% per year. During the past 5 years, the average E10 Growth Rate was 9.10% 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 San Miguel Food And Beverage was 9.90% per year. The lowest was 2.30% per year. And the median was 7.40% per year.

As of today (2026-06-27), San Miguel Food And Beverage's current stock price is ₱49.95. San Miguel Food And Beverage's E10 for the quarter that ended in Mar. 2026 was ₱4.83. San Miguel Food And Beverage's Shiller PE Ratio of today is 10.34.

During the past 13 years, the highest Shiller PE Ratio of San Miguel Food And Beverage was 39.25. The lowest was 9.42. And the median was 17.63.


San Miguel Food And Beverage  (PHS:FB) 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.

San Miguel Food And Beverage's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=49.95/4.83
=10.34

* 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 San Miguel Food And Beverage was 39.25. The lowest was 9.42. And the median was 17.63.


Be Aware

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


San Miguel Food And Beverage E10 Related Terms


San Miguel Food And Beverage E10 Historical Data

* Premium members only.

The historical data trend for San Miguel Food And Beverage'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.

San Miguel Food And Beverage E10 Chart

San Miguel Food And Beverage 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 3.35 3.72 4.01 4.35 4.69

San Miguel Food And Beverage 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 4.49 4.60 4.68 4.69 4.83

PHS:FB vs KHC, GIS: E10 Comparison

For the Packaged Foods subindustry, San Miguel Food And Beverage'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.


San Miguel Food And Beverage Shiller PE Ratio vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, San Miguel Food And Beverage's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where San Miguel Food And Beverage's Shiller PE Ratio falls into.


PHS:FB
85GF Score
San Miguel Food And Beverage Inc PHS:FB
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

San Miguel Food And Beverage 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, San Miguel Food And Beverage'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)
=1.33/330.2130*330.2130
=1.330

Current CPI (Mar. 2026) = 330.2130.

San Miguel Food And Beverage Quarterly Data

per share eps CPI Adj_EPS
201606 0.613 241.018 0.840
201609 0.611 241.428 0.836
201612 6.531 241.432 8.933
201703 0.730 243.801 0.989
201706 0.670 244.955 0.903
201709 0.660 246.819 0.883
201712 0.850 246.524 1.139
201803 0.700 249.554 0.926
201806 0.640 251.989 0.839
201809 0.720 252.439 0.942
201812 0.720 251.233 0.946
201903 0.610 254.202 0.792
201906 0.640 256.143 0.825
201909 0.780 256.759 1.003
201912 0.920 256.974 1.182
202003 0.580 258.115 0.742
202006 0.090 257.797 0.115
202009 0.620 260.280 0.787
202012 0.790 260.474 1.002
202103 1.110 264.877 1.384
202106 0.890 271.696 1.082
202109 0.710 274.310 0.855
202112 0.640 278.802 0.758
202203 1.040 287.504 1.194
202206 1.070 296.311 1.192
202209 0.760 296.808 0.846
202212 0.900 296.797 1.001
202303 0.960 301.836 1.050
202306 0.870 305.109 0.942
202309 0.890 307.789 0.955
202312 1.190 306.746 1.281
202403 1.020 312.332 1.078
202406 1.080 314.175 1.135
202409 1.170 315.301 1.225
202412 1.090 315.605 1.140
202503 1.270 319.799 1.311
202506 1.260 322.561 1.290
202509 1.210 324.800 1.230
202512 1.360 324.054 1.386
202603 1.330 330.213 1.330

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 ₱4.83 mean?
San Miguel Food And Beverage (PHS:FB) has a E10 of ₱4.83 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on San Miguel Food And Beverage and its competitors.
Is San Miguel Food And Beverage's E10 too high?
San Miguel Food And Beverage's current E10 is ₱4.83. Overall, San Miguel Food And Beverage has a GF Score™ of 85/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does San Miguel Food And Beverage's E10 compare to KHC and GIS?
San Miguel Food And Beverage's E10 of ₱4.83 can be compared against companies in the Consumer Packaged Goods 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 Consumer Packaged Goods company?
A good E10 depends on the Consumer Packaged Goods 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 San Miguel Food And Beverage and its competitors. San Miguel Food And Beverage's current E10 is ₱4.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is San Miguel Food And Beverage stock overvalued right now?
Based on GuruFocus' analysis, San Miguel Food And Beverage (PHS:FB) is currently considered Modestly Undervalued. The stock's GF Value™ is ₱56.17, compared to a current price of ₱49.95 — trading 11.1% below its estimated fair value. The current E10 is ₱4.83. San Miguel Food And Beverage's overall GF Score™ is 85/100 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 San Miguel Food And Beverage (PHS:FB), the current E10 is ₱4.83 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 San Miguel Food And Beverage (PHS:FB) Overvalued in 2026?

Based on GuruFocus' analysis, San Miguel Food And Beverage stock appears to be undervalued. The current stock price of ₱49.95 is trading 11.1% below its estimated GF Value™ of ₱56.17. GuruFocus considers San Miguel Food And Beverage to be Modestly Undervalued.

Key valuation signals for PHS:FB:

  • E10: ₱4.83
  • GF Value™: ₱56.17 vs. price of ₱49.95 (11.1% below fair value)
  • GF Score™: 85/100 with 2 warning signs

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


San Miguel Food And Beverage Business Description

Address 40 San Miguel Avenue, Metro Manila, Mandaluyong, PHL, 1555
San Miguel Food And Beverage Inc is a food company located in the Philippines. The Company has three primary operating segments: Beer and non-alcoholic beverages (NAB), Spirits, and Food. The Beer and NAB segment and the Spirits segment comprise the beverage business.
85GF Score

Get the complete analysis for PHS:FB

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

₱49.95
Price
₱56.17
GF Value