Manila Bulletin Publishing (PHS:MB) E10: ₱0.01 (As of Mar. 2026)


PHS:MB Manila Bulletin Publishing Corp PHS:MB
39 GF Score
Price ₱0.19
GF Value ₱0.17
Valuation Modestly Overvalued
! 6 Warning Signs
View Full Analysis

What is Manila Bulletin Publishing E10?

Manila Bulletin Publishing PHS:MB -9.62% 39 E10 is ₱0.01 as of Mar. 2026. GuruFocus rates PHS:MB with a GF Score™ of 39/100 and a GF Value™ of ₱0.17 (Modestly Overvalued). The stock has 6 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.

Manila Bulletin Publishing's adjusted earnings per share data for the three months ended in Mar. 2026 was ₱0.001. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₱0.01 for the trailing ten years ended in Mar. 2026.

During the past 3 years, the average E10 Growth Rate was -20.60% per year. During the past 5 years, the average E10 Growth Rate was -19.50% 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 Manila Bulletin Publishing was -12.60% per year. The lowest was -20.60% per year. And the median was -20.60% per year.

As of today (2026-06-26), Manila Bulletin Publishing's current stock price is ₱0.188. Manila Bulletin Publishing's E10 for the quarter that ended in Mar. 2026 was ₱0.01. Manila Bulletin Publishing's Shiller PE Ratio of today is 18.80.

During the past 13 years, the highest Shiller PE Ratio of Manila Bulletin Publishing was 23.90. The lowest was 8.50. And the median was 14.71.


Manila Bulletin Publishing  (PHS:MB) 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.

Manila Bulletin Publishing's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=0.188/0.01
=18.80

* 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 Manila Bulletin Publishing was 23.90. The lowest was 8.50. And the median was 14.71.


Be Aware

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


Manila Bulletin Publishing E10 Related Terms


Manila Bulletin Publishing E10 Historical Data

* Premium members only.

The historical data trend for Manila Bulletin Publishing'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.

Manila Bulletin Publishing E10 Chart

Manila Bulletin Publishing 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 0.02 0.02 0.02 0.01 0.01

Manila Bulletin Publishing 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 0.01 0.01 0.01 0.01 0.01

PHS:MB vs NYT, WLY: E10 Comparison

For the Publishing subindustry, Manila Bulletin Publishing'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.


Manila Bulletin Publishing Shiller PE Ratio vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Manila Bulletin Publishing's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Manila Bulletin Publishing's Shiller PE Ratio falls into.


PHS:MB
39GF Score
Manila Bulletin Publishing Corp PHS:MB
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Manila Bulletin Publishing 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, Manila Bulletin Publishing'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)
=0.001/330.2130*330.2130
=0.001

Current CPI (Mar. 2026) = 330.2130.

Manila Bulletin Publishing Quarterly Data

per share eps CPI Adj_EPS
201606 0.004 241.018 0.005
201609 0.004 241.428 0.005
201612 0.000 241.432 0.000
201703 0.002 243.801 0.003
201706 0.003 244.955 0.004
201709 0.003 246.819 0.004
201712 0.006 246.524 0.008
201803 0.001 249.554 0.001
201806 0.002 251.989 0.003
201809 0.002 252.439 0.003
201812 -0.001 251.233 -0.001
201903 0.002 254.202 0.003
201906 0.002 256.143 0.003
201909 0.002 256.759 0.003
201912 0.002 256.974 0.003
202003 0.001 258.115 0.001
202006 -0.003 257.797 -0.004
202009 0.002 260.280 0.003
202012 0.005 260.474 0.006
202103 0.001 264.877 0.001
202106 0.001 271.696 0.001
202109 0.001 274.310 0.001
202112 0.004 278.802 0.005
202203 0.001 287.504 0.001
202206 0.001 296.311 0.001
202209 0.001 296.808 0.001
202212 0.009 296.797 0.010
202303 0.002 301.836 0.002
202306 0.001 305.109 0.001
202309 0.001 307.789 0.001
202312 0.008 306.746 0.009
202403 0.002 312.332 0.002
202406 0.000 314.175 0.000
202409 0.003 315.301 0.003
202412 -0.001 315.605 -0.001
202503 0.001 319.799 0.001
202506 0.001 322.561 0.001
202509 0.001 324.800 0.001
202512 0.021 324.054 0.021
202603 0.001 330.213 0.001

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 ₱0.01 mean?
Manila Bulletin Publishing (PHS:MB) has a E10 of ₱0.01 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Manila Bulletin Publishing and its competitors.
Is Manila Bulletin Publishing's E10 too high?
Manila Bulletin Publishing's current E10 is ₱0.01. Overall, Manila Bulletin Publishing has a GF Score™ of 39/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Manila Bulletin Publishing's E10 compare to NYT and WLY?
Manila Bulletin Publishing's E10 of ₱0.01 can be compared against companies in the Media - Diversified 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 Media - Diversified company?
A good E10 depends on the Media - Diversified 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 Manila Bulletin Publishing and its competitors. Manila Bulletin Publishing's current E10 is ₱0.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Manila Bulletin Publishing stock overvalued right now?
Based on GuruFocus' analysis, Manila Bulletin Publishing (PHS:MB) is currently considered Modestly Overvalued. The stock's GF Value™ is ₱0.17, compared to a current price of ₱0.19 — trading 10.6% above its estimated fair value. The current E10 is ₱0.01. Manila Bulletin Publishing's overall GF Score™ is 39/100 with 6 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 Manila Bulletin Publishing (PHS:MB), the current E10 is ₱0.01 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 Manila Bulletin Publishing (PHS:MB) Overvalued in 2026?

Based on GuruFocus' analysis, Manila Bulletin Publishing stock appears to be overvalued. The current stock price of ₱0.19 is trading 10.6% above its estimated GF Value™ of ₱0.17. GuruFocus considers Manila Bulletin Publishing to be Modestly Overvalued.

Key valuation signals for PHS:MB:

  • E10: ₱0.01
  • GF Value™: ₱0.17 vs. price of ₱0.19 (10.6% above fair value)
  • GF Score™: 39/100 with 6 warning signs

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


Manila Bulletin Publishing Business Description

Address Muralla corner Recoletos Streets, Intramuros, Manila Bulletin Building, Manila, PHL, 0900
Manila Bulletin Publishing Corp mainly engaged in the publication, distribution, and advertising of news, magazines, and digital content. The company operates in the fields of journalism, publishing, advertising, and digital media. Its activities are Publishing and Printing: Producing and distributing content and news through print media, including newspapers and magazines, and through online platforms, extending the reach of its publications., and Advertising Services: Offering advertising solutions across its print, digital, and other media platforms for businesses and brands. Its services are Advertising Services, Subscription Services, Digital Content and Platforms, Special Projects & Partnerships. Its brands are Manila Bulletin, Tempo, Balita, Liwayway, Bannawag, etc.
39GF Score

Get the complete analysis for PHS:MB

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

₱0.19
Price
₱0.17
GF Value