Mapletree Pan Asia Commercial Trust (SGX:N2IU) E10: S$0.17 (As of Jun. 2026)

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SGX:N2IU Mapletree Pan Asia Commercial Trust SGX:N2IU
78 GF Score
Price S$1.20
GF Value S$1.22
Valuation Fairly Valued
! 7 Warning Signs
View Full Analysis

What is Mapletree Pan Asia Commercial Trust E10?

Mapletree Pan Asia Commercial Trust SGX:N2IU -0.83% 78 E10 is S$0.17 as of Jun. 2026. GuruFocus rates SGX:N2IU with a GF Score™ of 78/100 and a GF Value™ of S$1.22 (Fairly Valued). The stock has 7 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.

Mapletree Pan Asia Commercial Trust's adjusted earnings per share data for the three months ended in Jun. 2026 was S$0.017. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is S$0.17 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Mapletree Pan Asia Commercial Trust's average E10 Growth Rate was -5.60% per year. During the past 3 years, the average E10 Growth Rate was -3.60% 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 Mapletree Pan Asia Commercial Trust was -3.50% per year. The lowest was -3.60% per year. And the median was -3.55% per year.

As of today (2026-09-11), Mapletree Pan Asia Commercial Trust's current stock price is S$1.20. Mapletree Pan Asia Commercial Trust's E10 for the quarter that ended in Jun. 2026 was S$0.17. Mapletree Pan Asia Commercial Trust's Shiller PE Ratio of today is 7.06.

During the past 13 years, the highest Shiller PE Ratio of Mapletree Pan Asia Commercial Trust was 10.00. The lowest was 6.32. And the median was 7.88.


Mapletree Pan Asia Commercial Trust  (SGX:N2IU) 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.

Mapletree Pan Asia Commercial Trust's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=1.20/0.17
=7.06

* 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 Mapletree Pan Asia Commercial Trust was 10.00. The lowest was 6.32. And the median was 7.88.


Be Aware

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


Mapletree Pan Asia Commercial Trust E10 Related Terms


Mapletree Pan Asia Commercial Trust E10 Historical Data

* Premium members only.

The historical data trend for Mapletree Pan Asia Commercial Trust'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.

Mapletree Pan Asia Commercial Trust E10 Chart

Mapletree Pan Asia Commercial Trust Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.20 0.19 0.19 0.18 0.17

Mapletree Pan Asia Commercial Trust Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 0.18 0.18 0.17 0.17 0.17

SGX:N2IU vs BXP, ARE, VNO: E10 Comparison

For the REIT - Office subindustry, Mapletree Pan Asia Commercial Trust'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.


Mapletree Pan Asia Commercial Trust Shiller PE Ratio vs REITs Industry

For the REITs industry and Real Estate sector, Mapletree Pan Asia Commercial Trust's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Mapletree Pan Asia Commercial Trust's Shiller PE Ratio falls into.


SGX:N2IU
78GF Score
Mapletree Pan Asia Commercial Trust SGX:N2IU
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Mapletree Pan Asia Commercial Trust 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, Mapletree Pan Asia Commercial Trust's adjusted earnings per share data for the three months ended in Jun. 2026 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=0.017/333.9520*333.9520
=0.017

Current CPI (Jun. 2026) = 333.9520.

Mapletree Pan Asia Commercial Trust Quarterly Data

per share eps CPI Adj_EPS
201512 0.019 236.525 0.027
201603 0.083 238.132 0.116
201606 0.019 241.018 0.026
201609 0.019 241.428 0.026
201612 0.021 241.432 0.029
201703 0.073 243.801 0.100
201706 0.021 244.955 0.029
201709 0.021 246.819 0.028
201712 0.021 246.524 0.028
201803 0.133 249.554 0.178
201806 0.022 251.989 0.029
201809 0.021 252.439 0.028
201812 0.021 251.233 0.028
201903 0.138 254.202 0.181
201906 0.022 256.143 0.029
201909 0.126 256.759 0.164
201912 0.023 256.974 0.030
202003 0.009 258.115 0.012
202009 0.000 260.280 0.000
202103 0.000 264.877 0.000
202109 0.000 274.310 0.000
202112 0.022 278.802 0.026
202203 0.030 287.504 0.035
202206 0.023 296.311 0.026
202209 0.056 296.808 0.063
202212 0.021 296.797 0.024
202303 0.007 301.836 0.008
202306 0.020 305.109 0.022
202309 0.020 307.789 0.022
202312 0.021 306.746 0.023
202403 0.049 312.332 0.052
202406 0.019 314.175 0.020
202409 -0.002 315.301 -0.002
202412 0.018 315.605 0.019
202503 0.075 319.799 0.078
202506 0.019 322.561 0.020
202509 0.019 324.800 0.020
202512 0.017 324.054 0.018
202603 -0.005 330.213 -0.005
202606 0.017 333.952 0.017

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$0.17 mean?
Mapletree Pan Asia Commercial Trust (SGX:N2IU) has a E10 of S$0.17 as of Jun. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Mapletree Pan Asia Commercial Trust and its competitors.
Is Mapletree Pan Asia Commercial Trust's E10 too high?
Mapletree Pan Asia Commercial Trust's current E10 is S$0.17. Overall, Mapletree Pan Asia Commercial Trust has a GF Score™ of 78/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Mapletree Pan Asia Commercial Trust's E10 compare to BXP and ARE?
Mapletree Pan Asia Commercial Trust's E10 of S$0.17 can be compared against companies in the REITs 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 REITs company?
A good E10 depends on the REITs 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 Mapletree Pan Asia Commercial Trust and its competitors. Mapletree Pan Asia Commercial Trust's current E10 is S$0.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mapletree Pan Asia Commercial Trust stock overvalued right now?
Based on GuruFocus' analysis, Mapletree Pan Asia Commercial Trust (SGX:N2IU) is currently considered Fairly Valued. The stock's GF Value™ is S$1.22, compared to a current price of S$1.20 — trading 1.6% below its estimated fair value. The current E10 is S$0.17. Mapletree Pan Asia Commercial Trust's overall GF Score™ is 78/100 with 7 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 Mapletree Pan Asia Commercial Trust (SGX:N2IU), the current E10 is S$0.17 as of Jun. 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 Mapletree Pan Asia Commercial Trust (SGX:N2IU) Overvalued in 2026?

Based on GuruFocus' analysis, Mapletree Pan Asia Commercial Trust stock appears to be undervalued. The current stock price of S$1.20 is trading 1.6% below its estimated GF Value™ of S$1.22. GuruFocus considers Mapletree Pan Asia Commercial Trust to be Fairly Valued.

Key valuation signals for SGX:N2IU:

  • E10: S$0.17
  • GF Value™: S$1.22 vs. price of S$1.20 (1.6% below fair value)
  • GF Score™: 78/100 with 7 warning signs

No single metric tells the full story. See the SGX:N2IU stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Mapletree Pan Asia Commercial Trust Business Description

Industry Real EstateREITs
Other Exchanges BI0:Germany
Address 10-80 Pasir Panjang Road, No. 13-01, Mapletree Business City, Singapore, SGP, 117438
Mapletree Pan Asia Commercial Trust was established in July 2022 as a result of the merger between Mapletree Commercial Trust and Mapletree North Asia Commercial Trust. The trust has a diversified portfolio of 15 properties, which includes business parks, offices and retail malls across Singapore, Hong Kong, China, Japan, and South Korea. The trust is externally managed by MPACT Management, a subsidiary of its sponsor, which owns around a 57% stake in the trust.
78GF Score

Get the complete analysis for SGX:N2IU

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

S$1.20
Price
S$1.22
GF Value