Riverstone Holdings (SGX:AP4) E10: S$0.05 (As of Dec. 2025)


SGX:AP4 Riverstone Holdings Ltd SGX:AP4
63 GF Score
Price S$0.85
GF Value S$0.86
Valuation Fairly Valued
! 5 Warning Signs
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What is Riverstone Holdings E10?

Riverstone Holdings SGX:AP4 -1.17% 63 E10 is S$0.05 as of Dec. 2025. GuruFocus rates SGX:AP4 with a GF Score™ of 63/100 and a GF Value™ of S$0.86 (Fairly Valued). The stock has 5 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.

Riverstone Holdings's adjusted earnings per share data for the three months ended in Dec. 2025 was S$0.011. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is S$0.05 for the trailing ten years ended in Dec. 2025.

During the past 3 years, the average E10 Growth Rate was 7.70% 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 Riverstone Holdings was 26.00% per year. The lowest was 7.70% per year. And the median was 16.55% per year.

As of today (2026-07-01), Riverstone Holdings's current stock price is S$0.845. Riverstone Holdings's E10 for the quarter that ended in Dec. 2025 was S$0.05. Riverstone Holdings's Shiller PE Ratio of today is 16.90.

During the past 13 years, the highest Shiller PE Ratio of Riverstone Holdings was 59.50. The lowest was 13.00. And the median was 18.89.


Riverstone Holdings  (SGX:AP4) 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.

Riverstone Holdings's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=0.845/0.05
=16.90

* 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 Riverstone Holdings was 59.50. The lowest was 13.00. And the median was 18.89.


Be Aware

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


Riverstone Holdings E10 Related Terms


Riverstone Holdings E10 Historical Data

* Premium members only.

The historical data trend for Riverstone Holdings'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.

Riverstone Holdings E10 Chart

Riverstone Holdings 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 0.03 0.04 0.05 0.05 0.05

Riverstone Holdings Quarterly Data
Dec20 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
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 0.05 0.05 0.05 0.05 0.05

SGX:AP4 vs ISRG, BDX, MDLN: E10 Comparison

For the Medical Instruments & Supplies subindustry, Riverstone Holdings'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.


Riverstone Holdings Shiller PE Ratio vs Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Riverstone Holdings's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Riverstone Holdings's Shiller PE Ratio falls into.


SGX:AP4
63GF Score
Riverstone Holdings Ltd SGX:AP4
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Riverstone Holdings 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, Riverstone Holdings's adjusted earnings per share data for the three months ended in Dec. 2025 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=0.011/324.0540*324.0540
=0.011

Current CPI (Dec. 2025) = 324.0540.

Riverstone Holdings Quarterly Data

per share eps CPI Adj_EPS
201506 0.007 238.638 0.010
201509 0.008 237.945 0.011
201512 0.008 236.525 0.011
201603 0.006 238.132 0.008
201606 0.006 241.018 0.008
201609 0.007 241.428 0.009
201612 0.008 241.432 0.011
201703 0.007 243.801 0.009
201706 0.006 244.955 0.008
201709 0.007 246.819 0.009
201712 0.007 246.524 0.009
201803 0.007 249.554 0.009
201806 0.008 251.989 0.010
201809 0.007 252.439 0.009
201812 0.007 251.233 0.009
201903 0.007 254.202 0.009
201906 0.007 256.143 0.009
201909 0.008 256.759 0.010
201912 0.007 256.974 0.009
202006 0.000 257.797 0.000
202012 0.000 260.474 0.000
202106 0.000 271.696 0.000
202109 0.058 274.310 0.069
202112 0.024 278.802 0.028
202203 0.024 287.504 0.027
202206 0.021 296.311 0.023
202209 0.013 296.808 0.014
202212 0.009 296.797 0.010
202303 0.009 301.836 0.010
202306 0.009 305.109 0.010
202309 0.012 307.789 0.013
202312 0.013 306.746 0.014
202403 0.014 312.332 0.015
202406 0.014 314.175 0.014
202409 0.015 315.301 0.015
202412 0.014 315.605 0.014
202503 0.011 319.799 0.011
202506 0.009 322.561 0.009
202509 0.011 324.800 0.011
202512 0.011 324.054 0.011

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 S$0.05 mean?
Riverstone Holdings (SGX:AP4) has a E10 of S$0.05 as of Dec. 2025. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Riverstone Holdings and its competitors.
Is Riverstone Holdings' E10 too high?
Riverstone Holdings' current E10 is S$0.05. Overall, Riverstone Holdings has a GF Score™ of 63/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Riverstone Holdings' E10 compare to ISRG and BDX?
Riverstone Holdings' E10 of S$0.05 can be compared against companies in the Medical Devices & Instruments 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 Medical Devices & Instruments company?
A good E10 depends on the Medical Devices & Instruments 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 Riverstone Holdings and its competitors. Riverstone Holdings's current E10 is S$0.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Riverstone Holdings stock overvalued right now?
Based on GuruFocus' analysis, Riverstone Holdings (SGX:AP4) is currently considered Fairly Valued. The stock's GF Value™ is S$0.86, compared to a current price of S$0.85 — trading 1.7% below its estimated fair value. The current E10 is S$0.05. Riverstone Holdings' overall GF Score™ is 63/100 with 5 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 Riverstone Holdings (SGX:AP4), the current E10 is S$0.05 as of Dec. 2025. 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 Riverstone Holdings (SGX:AP4) Overvalued in 2026?

Based on GuruFocus' analysis, Riverstone Holdings stock appears to be undervalued. The current stock price of S$0.85 is trading 1.7% below its estimated GF Value™ of S$0.86. GuruFocus considers Riverstone Holdings to be Fairly Valued.

Key valuation signals for SGX:AP4:

  • E10: S$0.05
  • GF Value™: S$0.86 vs. price of S$0.85 (1.7% below fair value)
  • GF Score™: 63/100 with 5 warning signs

No single metric tells the full story. See the SGX:AP4 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Riverstone Holdings Business Description

Address 362 Upper Paya Lebar Road, No. 03-14 Da Jin Factory Building, Singapore, SGP, 534963
Riverstone Holdings Ltd is an investment holding company. Along with its subsidiaries, the company is engaged in the manufacture and sales of gloves and non-glove consumables such as finger cots, static shielding bags, face masks, wipers, and packaging materials. The group's products are widely qualified and used in the Hard Disk Drive, and semiconductor industries. It operates in three segments based on its geography: Malaysia, Thailand, China, Singapore, and Others, of which the majority of its revenue comes from Malaysia.
63GF Score

Get the complete analysis for SGX:AP4

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

S$0.85
Price
S$0.86
GF Value