Manulife Holdings Bhd (XKLS:1058) E10: RM0.32 (As of Mar. 2026)

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XKLS:1058 Manulife Holdings Bhd XKLS:1058
57 GF Score
Price RM2.24
GF Value RM2.48
Valuation Modestly Undervalued
! 2 Warning Signs
View Full Analysis

What is Manulife Holdings Bhd E10?

Manulife Holdings Bhd XKLS:1058 +0.45% 57 E10 is RM0.32 as of Mar. 2026. GuruFocus rates XKLS:1058 with a GF Score™ of 57/100 and a GF Value™ of RM2.48 (Modestly Undervalued). The stock has 2 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.

Manulife Holdings Bhd's adjusted earnings per share data for the three months ended in Mar. 2026 was RM0.081. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is RM0.32 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Manulife Holdings Bhd's average E10 Growth Rate was 14.30% per year. During the past 3 years, the average E10 Growth Rate was 10.50% per year. During the past 5 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 Manulife Holdings Bhd was 10.50% per year. The lowest was 4.00% per year. And the median was 6.30% per year.

As of today (2026-07-15), Manulife Holdings Bhd's current stock price is RM2.24. Manulife Holdings Bhd's E10 for the quarter that ended in Mar. 2026 was RM0.32. Manulife Holdings Bhd's Shiller PE Ratio of today is 7.00.

During the past 13 years, the highest Shiller PE Ratio of Manulife Holdings Bhd was 11.64. The lowest was 6.73. And the median was 8.48.


Manulife Holdings Bhd  (XKLS:1058) 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.

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

Shiller PE Ratio=Share Price/E10
=2.24/0.32
=7.00

* 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 Manulife Holdings Bhd was 11.64. The lowest was 6.73. And the median was 8.48.


Be Aware

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


Manulife Holdings Bhd E10 Related Terms


Manulife Holdings Bhd E10 Historical Data

* Premium members only.

The historical data trend for Manulife Holdings 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.

Manulife Holdings Bhd E10 Chart

Manulife Holdings 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 0.24 0.23 0.24 0.27 0.31

Manulife Holdings 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 0.28 0.30 0.29 0.31 0.32

XKLS:1058 vs AFL, MET, PRU: E10 Comparison

For the Insurance - Life subindustry, Manulife Holdings 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.


Manulife Holdings Bhd Shiller PE Ratio vs Insurance Industry

For the Insurance industry and Financial Services sector, Manulife Holdings Bhd's Shiller PE Ratio distribution charts can be found below:

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


XKLS:1058
57GF Score
Manulife Holdings Bhd XKLS:1058
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Manulife Holdings 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, Manulife Holdings 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)
=0.081/330.2130*330.2130
=0.081

Current CPI (Mar. 2026) = 330.2130.

Manulife Holdings Bhd Quarterly Data

per share eps CPI Adj_EPS
201606 0.028 241.018 0.038
201609 0.063 241.428 0.086
201612 0.139 241.432 0.190
201703 0.023 243.801 0.031
201706 0.046 244.955 0.062
201709 0.037 246.819 0.050
201712 0.033 246.524 0.044
201803 0.036 249.554 0.048
201806 0.041 251.989 0.054
201809 0.020 252.439 0.026
201812 0.034 251.233 0.045
201903 0.037 254.202 0.048
201906 0.064 256.143 0.083
201909 -0.039 256.759 -0.050
201912 0.068 256.974 0.087
202003 0.049 258.115 0.063
202006 -0.006 257.797 -0.008
202009 0.033 260.280 0.042
202012 0.114 260.474 0.145
202103 0.127 264.877 0.158
202106 0.101 271.696 0.123
202109 0.098 274.310 0.118
202112 0.090 278.802 0.107
202203 0.001 287.504 0.001
202206 -0.049 296.311 -0.055
202209 -0.003 296.808 -0.003
202212 0.161 296.797 0.179
202303 0.063 301.836 0.069
202306 0.072 305.109 0.078
202309 0.062 307.789 0.067
202312 0.176 306.746 0.189
202403 0.137 312.332 0.145
202406 0.088 314.175 0.092
202409 0.162 315.301 0.170
202412 0.104 315.605 0.109
202503 0.031 319.799 0.032
202506 0.193 322.561 0.198
202509 0.074 324.800 0.075
202512 0.193 324.054 0.197
202603 0.081 330.213 0.081

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 RM0.32 mean?
Manulife Holdings Bhd (XKLS:1058) has a E10 of RM0.32 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Manulife Holdings Bhd and its competitors.
Is Manulife Holdings Bhd's E10 too high?
Manulife Holdings Bhd's current E10 is RM0.32. Overall, Manulife Holdings Bhd has a GF Score™ of 57/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Manulife Holdings Bhd's E10 compare to AFL and MET?
Manulife Holdings Bhd's E10 of RM0.32 can be compared against companies in the Insurance 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 an Insurance company?
A good E10 depends on the Insurance 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 Manulife Holdings Bhd and its competitors. Manulife Holdings Bhd's current E10 is RM0.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Manulife Holdings Bhd stock overvalued right now?
Based on GuruFocus' analysis, Manulife Holdings Bhd (XKLS:1058) is currently considered Modestly Undervalued. The stock's GF Value™ is RM2.48, compared to a current price of RM2.24 — trading 9.7% below its estimated fair value. The current E10 is RM0.32. Manulife Holdings Bhd's overall GF Score™ is 57/100 with 2 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 Manulife Holdings Bhd (XKLS:1058), the current E10 is RM0.32 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 Manulife Holdings Bhd (XKLS:1058) Overvalued in 2026?

Based on GuruFocus' analysis, Manulife Holdings Bhd stock appears to be undervalued. The current stock price of RM2.24 is trading 9.7% below its estimated GF Value™ of RM2.48. GuruFocus considers Manulife Holdings Bhd to be Modestly Undervalued.

Key valuation signals for XKLS:1058:

  • E10: RM0.32
  • GF Value™: RM2.48 vs. price of RM2.24 (9.7% below fair value)
  • GF Score™: 57/100 with 2 warning signs

No single metric tells the full story. See the XKLS:1058 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Manulife Holdings Bhd Business Description

Address 6 Jalan Gelenggang, Damansara Heights, 16th Floor, Menara Manulife, Kuala Lumpur, SGR, MYS, 50490
Manulife Holdings Bhd is an investment holding company that is engaged in the business of life insurance business, management of unit trust funds, private retirement scheme funds, investment, and fund management. The company operates through Investment Holding, Life Insurance and Asset Management Services segments. The investment holding segment includes Investment holding operations and other segments; Life insurance segment includes underwriting of Participating life and Non-participating life insurance and unit-linked products; and Asset management services include asset management, unit trust, private retirement scheme funds. The group's principal revenue source is from the Life insurance business segment.
57GF Score

Get the complete analysis for XKLS:1058

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

RM2.24
Price
RM2.48
GF Value