Malaysia Smelting Bhd (SGX:NPW) E10: S$0.03 (As of Mar. 2026)

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Director of Data and Quant Analytics at GuruFocus
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SGX:NPW Malaysia Smelting Corp Bhd SGX:NPW
71 GF Score
Price S$0.61
GF Value S$0.45
Valuation Significantly Overvalued
! 4 Warning Signs
View Full Analysis

What is Malaysia Smelting Bhd E10?

Malaysia Smelting Bhd SGX:NPW 71 E10 is S$0.03 as of Mar. 2026. GuruFocus rates SGX:NPW with a GF Score™ of 71/100 and a GF Value™ of S$0.45 (Significantly Overvalued). The stock has 4 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.

Malaysia Smelting Bhd's adjusted earnings per share data for the three months ended in Mar. 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$0.03 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Malaysia Smelting Bhd's average E10 Growth Rate was 14.30% per year. During the past 3 years, the average E10 Growth Rate was 17.00% 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 Malaysia Smelting Bhd was 91.30% per year. The lowest was 17.00% per year. And the median was 54.15% per year.

As of today (2026-07-26), Malaysia Smelting Bhd's current stock price is S$0.605. Malaysia Smelting Bhd's E10 for the quarter that ended in Mar. 2026 was S$0.03. Malaysia Smelting Bhd's Shiller PE Ratio of today is 20.17.

During the past 13 years, the highest Shiller PE Ratio of Malaysia Smelting Bhd was 266.00. The lowest was 14.38. And the median was 20.50.


Malaysia Smelting Bhd  (SGX:NPW) 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.

Malaysia Smelting Bhd's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=0.605/0.03
=20.17

* 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 Malaysia Smelting Bhd was 266.00. The lowest was 14.38. And the median was 20.50.


Be Aware

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


Malaysia Smelting Bhd E10 Related Terms


Malaysia Smelting Bhd E10 Historical Data

* Premium members only.

The historical data trend for Malaysia Smelting Bhd'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.

Malaysia Smelting Bhd E10 Chart

Malaysia Smelting Bhd 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 0.02 0.02 0.02 0.03

Malaysia Smelting Bhd 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 0.02 0.03 0.02 0.03 0.03

Malaysia Smelting Bhd E10 Competitor Comparison

For the Other Industrial Metals & Mining subindustry, Malaysia Smelting Bhd'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.


Malaysia Smelting Bhd Shiller PE Ratio vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Malaysia Smelting Bhd's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Malaysia Smelting Bhd's Shiller PE Ratio falls into.


SGX:NPW
71GF Score
Malaysia Smelting Corp Bhd SGX:NPW
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Malaysia Smelting Bhd 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, Malaysia Smelting Bhd'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)
=0.017/330.2130*330.2130
=0.017

Current CPI (Mar. 2026) = 330.2130.

Malaysia Smelting Bhd Quarterly Data

per share eps CPI Adj_EPS
201606 -0.004 241.018 -0.005
201609 0.007 241.428 0.010
201612 0.001 241.432 0.001
201703 0.005 243.801 0.007
201706 0.004 244.955 0.005
201709 0.003 246.819 0.004
201712 -0.005 246.524 -0.007
201803 0.002 249.554 0.003
201806 0.001 251.989 0.001
201809 0.005 252.439 0.007
201812 0.006 251.233 0.008
201903 0.004 254.202 0.005
201906 0.003 256.143 0.004
201909 0.013 256.759 0.017
201912 -0.007 256.974 -0.009
202003 -0.005 258.115 -0.006
202006 0.000 257.797 0.000
202009 0.005 260.280 0.006
202012 0.006 260.474 0.008
202103 0.009 264.877 0.011
202106 0.001 271.696 0.001
202109 0.011 274.310 0.013
202112 0.025 278.802 0.030
202203 0.025 287.504 0.029
202206 0.015 296.311 0.017
202209 -0.012 296.808 -0.013
202212 0.009 296.797 0.010
202303 0.013 301.836 0.014
202306 0.010 305.109 0.011
202309 0.004 307.789 0.004
202312 0.003 306.746 0.003
202403 0.006 312.332 0.006
202406 0.006 314.175 0.006
202409 0.005 315.301 0.005
202412 0.011 315.605 0.012
202503 0.003 319.799 0.003
202506 0.005 322.561 0.005
202509 0.007 324.800 0.007
202512 0.015 324.054 0.015
202603 0.017 330.213 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$0.03 mean?
Malaysia Smelting Bhd (SGX:NPW) has a E10 of S$0.03 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Malaysia Smelting Bhd and its competitors.
Is Malaysia Smelting Bhd's E10 too high?
Malaysia Smelting Bhd's current E10 is S$0.03. Overall, Malaysia Smelting Bhd has a GF Score™ of 71/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Malaysia Smelting Bhd's E10 compare to competitors?
Malaysia Smelting Bhd's E10 of S$0.03 can be compared against companies in the Metals & Mining 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 Metals & Mining company?
A good E10 depends on the Metals & Mining 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 Malaysia Smelting Bhd and its competitors. Malaysia Smelting Bhd's current E10 is S$0.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Malaysia Smelting Bhd stock overvalued right now?
Based on GuruFocus' analysis, Malaysia Smelting Bhd (SGX:NPW) is currently considered Significantly Overvalued. The stock's GF Value™ is S$0.45, compared to a current price of S$0.61 — trading 34.4% above its estimated fair value. The current E10 is S$0.03. Malaysia Smelting Bhd's overall GF Score™ is 71/100 with 4 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 Malaysia Smelting Bhd (SGX:NPW), the current E10 is S$0.03 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 Malaysia Smelting Bhd (SGX:NPW) Overvalued in 2026?

Based on GuruFocus' analysis, Malaysia Smelting Bhd stock appears to be overvalued. The current stock price of S$0.61 is trading 34.4% above its estimated GF Value™ of S$0.45. GuruFocus considers Malaysia Smelting Bhd to be Significantly Overvalued.

Key valuation signals for SGX:NPW:

  • E10: S$0.03
  • GF Value™: S$0.45 vs. price of S$0.61 (34.4% above fair value)
  • GF Score™: 71/100 with 4 warning signs

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


Malaysia Smelting Bhd Business Description

Other Exchanges 5916:Malaysia
Address Jalan Perigi Nanas 6/1, Lot 6, 8 & 9, Pulau Indah Industrial Park, West Port, Port Klang, SGR, MYS, 42920
Malaysia Smelting Corp Bhd is an investment holding company. Along with its subsidiaries, it is engaged in smelting of tin concentrates and tin-bearing materials, the production of various grades of refined tin metal under the MSC brand name, and the sales and delivery of refined tin metal and by-products. The group has three reportable operating segments: Tin smelting, Tin Mining, and Others. The majority of its revenue is generated from the Tin Smelting segment, which includes the smelting of tin concentrates and tin-bearing materials, the production of various grades of refined tin metal, and the sale and delivery of refined tin metal and by-products. Geographically, the group mainly operates in Malaysia.
71GF Score

Get the complete analysis for SGX:NPW

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

S$0.61
Price
S$0.45
GF Value