Ajinomoto (Malaysia) Bhd (XKLS:2658) E10: RM1.88 (As of Mar. 2026)


XKLS:2658 Ajinomoto (Malaysia) Bhd XKLS:2658
74 GF Score
Price RM18.86
GF Value RM16.12
Valuation Modestly Overvalued
! 6 Warning Signs
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What is Ajinomoto (Malaysia) Bhd E10?

Ajinomoto (Malaysia) Bhd XKLS:2658 -0.11% 74 E10 is RM1.88 as of Mar. 2026. GuruFocus rates XKLS:2658 with a GF Score™ of 74/100 and a GF Value™ of RM16.12 (Modestly Overvalued). The stock has 6 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.

Ajinomoto (Malaysia) Bhd's adjusted earnings per share data for the three months ended in Mar. 2026 was RM0.245. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is RM1.88 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Ajinomoto (Malaysia) Bhd's average E10 Growth Rate was 5.00% per year. During the past 3 years, the average E10 Growth Rate was 19.60% per year. During the past 5 years, the average E10 Growth Rate was 16.10% 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 Ajinomoto (Malaysia) Bhd was 20.00% per year. The lowest was 3.20% per year. And the median was 19.70% per year.

As of today (2026-06-28), Ajinomoto (Malaysia) Bhd's current stock price is RM18.86. Ajinomoto (Malaysia) Bhd's E10 for the quarter that ended in Mar. 2026 was RM1.88. Ajinomoto (Malaysia) Bhd's Shiller PE Ratio of today is 10.03.

During the past 13 years, the highest Shiller PE Ratio of Ajinomoto (Malaysia) Bhd was 17.15. The lowest was 6.46. And the median was 13.38.


Ajinomoto (Malaysia) Bhd  (XKLS:2658) 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.

Ajinomoto (Malaysia) Bhd's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=18.86/1.88
=10.03

* 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 Ajinomoto (Malaysia) Bhd was 17.15. The lowest was 6.46. And the median was 13.38.


Be Aware

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


Ajinomoto (Malaysia) Bhd E10 Related Terms


Ajinomoto (Malaysia) Bhd E10 Historical Data

* Premium members only.

The historical data trend for Ajinomoto (Malaysia) 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.

Ajinomoto (Malaysia) Bhd E10 Chart

Ajinomoto (Malaysia) Bhd 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 1.04 1.10 1.73 1.79 1.88

Ajinomoto (Malaysia) 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 1.79 1.82 1.84 1.83 1.88

XKLS:2658 vs KHC, GIS: E10 Comparison

For the Packaged Foods subindustry, Ajinomoto (Malaysia) 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.


Ajinomoto (Malaysia) Bhd Shiller PE Ratio vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Ajinomoto (Malaysia) Bhd's Shiller PE Ratio distribution charts can be found below:

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


XKLS:2658
74GF Score
Ajinomoto (Malaysia) Bhd XKLS:2658
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ajinomoto (Malaysia) 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, Ajinomoto (Malaysia) 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)
=0.245/330.2130*330.2130
=0.245

Current CPI (Mar. 2026) = 330.2130.

Ajinomoto (Malaysia) Bhd Quarterly Data

per share eps CPI Adj_EPS
201606 0.213 241.018 0.292
201609 0.198 241.428 0.271
201612 0.223 241.432 0.305
201703 2.450 243.801 3.318
201706 0.130 244.955 0.175
201709 0.272 246.819 0.364
201712 0.282 246.524 0.378
201803 0.242 249.554 0.320
201806 0.184 251.989 0.241
201809 0.256 252.439 0.335
201812 0.297 251.233 0.390
201903 0.194 254.202 0.252
201906 0.226 256.143 0.291
201909 0.252 256.759 0.324
201912 0.246 256.974 0.316
202003 0.261 258.115 0.334
202006 0.248 257.797 0.318
202009 0.226 260.280 0.287
202012 0.194 260.474 0.246
202103 0.097 264.877 0.121
202106 0.250 271.696 0.304
202109 0.147 274.310 0.177
202112 0.169 278.802 0.200
202203 -0.287 287.504 -0.330
202206 -0.014 296.311 -0.016
202209 0.048 296.808 0.053
202212 0.038 296.797 0.042
202303 0.380 301.836 0.416
202306 0.201 305.109 0.218
202309 0.170 307.789 0.182
202312 0.241 306.746 0.259
202403 5.990 312.332 6.333
202406 0.311 314.175 0.327
202409 0.301 315.301 0.315
202412 0.318 315.605 0.333
202503 -0.114 319.799 -0.118
202506 0.398 322.561 0.407
202509 0.315 324.800 0.320
202512 0.219 324.054 0.223
202603 0.245 330.213 0.245

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 RM1.88 mean?
Ajinomoto (Malaysia) Bhd (XKLS:2658) has a E10 of RM1.88 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Ajinomoto (Malaysia) Bhd and its competitors.
Is Ajinomoto (Malaysia) Bhd's E10 too high?
Ajinomoto (Malaysia) Bhd's current E10 is RM1.88. Overall, Ajinomoto (Malaysia) Bhd has a GF Score™ of 74/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ajinomoto (Malaysia) Bhd's E10 compare to KHC and GIS?
Ajinomoto (Malaysia) Bhd's E10 of RM1.88 can be compared against companies in the Consumer Packaged Goods 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 Consumer Packaged Goods company?
A good E10 depends on the Consumer Packaged Goods 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 Ajinomoto (Malaysia) Bhd and its competitors. Ajinomoto (Malaysia) Bhd's current E10 is RM1.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ajinomoto (Malaysia) Bhd stock overvalued right now?
Based on GuruFocus' analysis, Ajinomoto (Malaysia) Bhd (XKLS:2658) is currently considered Modestly Overvalued. The stock's GF Value™ is RM16.12, compared to a current price of RM18.86 — trading 17% above its estimated fair value. The current E10 is RM1.88. Ajinomoto (Malaysia) Bhd's overall GF Score™ is 74/100 with 6 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 Ajinomoto (Malaysia) Bhd (XKLS:2658), the current E10 is RM1.88 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 Ajinomoto (Malaysia) Bhd (XKLS:2658) Overvalued in 2026?

Based on GuruFocus' analysis, Ajinomoto (Malaysia) Bhd stock appears to be overvalued. The current stock price of RM18.86 is trading 17% above its estimated GF Value™ of RM16.12. GuruFocus considers Ajinomoto (Malaysia) Bhd to be Modestly Overvalued.

Key valuation signals for XKLS:2658:

  • E10: RM1.88
  • GF Value™: RM16.12 vs. price of RM18.86 (17% above fair value)
  • GF Score™: 74/100 with 6 warning signs

No single metric tells the full story. See the XKLS:2658 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Ajinomoto (Malaysia) Bhd Business Description

Address Lot L1-E-5A and L1-E-5B, Enterprise 4, Technology Park Malaysia, Lebuhraya Puchong - Sg. Besi, Bukit Jalil, Kuala Lumpur, SGR, MYS, 57000
Ajinomoto (Malaysia) Bhd is engaged in manufacturing and selling AJI-NO-MOTO products, and other seasoning and food items. Its Consumer business segment consists of the manufacture and distribution of consumer products including AJI-NO-MOTO, flavor seasoning Tumix, menu seasoning Seri-Aji and other seasonings. Industrial business segment consists of manufacture and distribution of monosodium glutamate for industry-use, industrial seasonings and related products. The company generates the majority of its revenue from Malaysia.
74GF Score

Get the complete analysis for XKLS:2658

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

RM18.86
Price
RM16.12
GF Value