Siam City Cement PCL (SGX:TSCD) E10: S$0.08 (As of Mar. 2026)


SGX:TSCD Siam City Cement PCL SGX:TSCD
40 GF Score
Price S$0.95
GF Value S$0.91
Valuation Fairly Valued
! 4 Warning Signs
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What is Siam City Cement PCL E10?

Siam City Cement PCL SGX:TSCD +2.16% 40 E10 is S$0.08 as of Mar. 2026. GuruFocus rates SGX:TSCD with a GF Score™ of 40/100 and a GF Value™ of S$0.91 (Fairly Valued). 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.

Siam City Cement PCL's adjusted earnings per share data for the three months ended in Mar. 2026 was S$0.018. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is S$0.08 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Siam City Cement PCL's average E10 Growth Rate was -6.00% per year. During the past 3 years, the average E10 Growth Rate was -6.10% per year. During the past 5 years, the average E10 Growth Rate was -3.40% 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 Siam City Cement PCL was 1.80% per year. The lowest was -6.10% per year. And the median was -0.95% per year.

As of today (2026-07-11), Siam City Cement PCL's current stock price is S$0.945. Siam City Cement PCL's E10 for the quarter that ended in Mar. 2026 was S$0.08. Siam City Cement PCL's Shiller PE Ratio of today is 11.81.

During the past 13 years, the highest Shiller PE Ratio of Siam City Cement PCL was 19.58. The lowest was 6.75. And the median was 10.24.


Siam City Cement PCL  (SGX:TSCD) 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.

Siam City Cement PCL's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=0.945/0.08
=11.81

* 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 Siam City Cement PCL was 19.58. The lowest was 6.75. And the median was 10.24.


Be Aware

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


Siam City Cement PCL E10 Related Terms


Siam City Cement PCL E10 Historical Data

* Premium members only.

The historical data trend for Siam City Cement PCL'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.

Siam City Cement PCL E10 Chart

Siam City Cement PCL 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 0.00 0.00 0.06 0.07

Siam City Cement PCL 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 0.06 0.06 0.09 0.07 0.08

SGX:TSCD vs CRH, VMC, MLM: E10 Comparison

For the Building Materials subindustry, Siam City Cement PCL'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.


Siam City Cement PCL Shiller PE Ratio vs Building Materials Industry

For the Building Materials industry and Basic Materials sector, Siam City Cement PCL's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Siam City Cement PCL's Shiller PE Ratio falls into.


SGX:TSCD
40GF Score
Siam City Cement PCL SGX:TSCD
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Siam City Cement PCL 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, Siam City Cement PCL'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)
=0.018/330.2130*330.2130
=0.018

Current CPI (Mar. 2026) = 330.2130.

Siam City Cement PCL Quarterly Data

per share eps CPI Adj_EPS
201606 0.020 241.018 0.027
201609 0.007 241.428 0.010
201612 0.014 241.432 0.019
201703 0.009 243.801 0.012
201706 0.004 244.955 0.005
201709 0.008 246.819 0.011
201712 0.006 246.524 0.008
201803 0.012 249.554 0.016
201806 0.014 251.989 0.018
201809 0.013 252.439 0.017
201812 0.004 251.233 0.005
201903 0.016 254.202 0.021
201906 0.009 256.143 0.012
201909 0.014 256.759 0.018
201912 0.007 256.974 0.009
202003 0.012 258.115 0.015
202006 0.015 257.797 0.019
202009 0.013 260.280 0.016
202012 0.014 260.474 0.018
202103 0.016 264.877 0.020
202106 0.021 271.696 0.026
202109 0.009 274.310 0.011
202112 0.014 278.802 0.017
202203 0.011 287.504 0.013
202206 0.018 296.311 0.020
202209 0.008 296.808 0.009
202212 -0.012 296.797 -0.013
202303 0.010 301.836 0.011
202306 0.008 305.109 0.009
202309 0.006 307.789 0.006
202312 0.011 306.746 0.012
202403 0.015 312.332 0.016
202406 0.011 314.175 0.012
202409 0.010 315.301 0.010
202412 0.034 315.605 0.036
202503 0.014 319.799 0.014
202506 0.013 322.561 0.013
202509 0.012 324.800 0.012
202512 0.008 324.054 0.008
202603 0.018 330.213 0.018

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$0.08 mean?
Siam City Cement PCL (SGX:TSCD) has a E10 of S$0.08 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Siam City Cement PCL and its competitors.
Is Siam City Cement PCL's E10 too high?
Siam City Cement PCL's current E10 is S$0.08. Overall, Siam City Cement PCL has a GF Score™ of 40/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Siam City Cement PCL's E10 compare to CRH and VMC?
Siam City Cement PCL's E10 of S$0.08 can be compared against companies in the Building Materials 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 Building Materials company?
A good E10 depends on the Building Materials 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 Siam City Cement PCL and its competitors. Siam City Cement PCL's current E10 is S$0.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Siam City Cement PCL stock overvalued right now?
Based on GuruFocus' analysis, Siam City Cement PCL (SGX:TSCD) is currently considered Fairly Valued. The stock's GF Value™ is S$0.91, compared to a current price of S$0.95 — trading 3.8% above its estimated fair value. The current E10 is S$0.08. Siam City Cement PCL's overall GF Score™ is 40/100 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 Siam City Cement PCL (SGX:TSCD), the current E10 is S$0.08 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 Siam City Cement PCL (SGX:TSCD) Overvalued in 2026?

Based on GuruFocus' analysis, Siam City Cement PCL stock appears to be overvalued. The current stock price of S$0.95 is trading 3.8% above its estimated GF Value™ of S$0.91. GuruFocus considers Siam City Cement PCL to be Fairly Valued.

Key valuation signals for SGX:TSCD:

  • E10: S$0.08
  • GF Value™: S$0.91 vs. price of S$0.95 (3.8% above fair value)
  • GF Score™: 40/100 with 4 warning signs

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


Siam City Cement PCL Business Description

Other Exchanges SCCC:Thailand
Address Ratchadapisek Road, 199, 3rd, 10th - 12th Floor, Column Tower, Klongtoey, Bangkok, THA, 10110
Siam City Cement PCL is a Thailand-based company that produces cement-based building materials, wood replacement products, and lightweight concrete blocks through its subsidiaries. The company is composed of five segments: Cement, Concrete & Aggregate, Waste management and Industrial services, Light Building Materials, and Energy. It generates the majority of its revenue from the Cement segment. It sells various cement types, namely Portland, Hydraulic, Mixed, and Masonry, that serve various building, bricklaying, and plastering purposes.
40GF Score

Get the complete analysis for SGX:TSCD

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

S$0.95
Price
S$0.91
GF Value