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Carlsberg Brewery Malaysia Bhd (XKLS:2836) E10 : RM1.00 (As of Mar. 2025)


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What is Carlsberg Brewery Malaysia Bhd E10?

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.

Carlsberg Brewery Malaysia Bhd's adjusted earnings per share data for the three months ended in Mar. 2025 was RM0.309. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is RM1.00 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Carlsberg Brewery Malaysia Bhd's average E10 Growth Rate was 4.20% per year. During the past 3 years, the average E10 Growth Rate was 7.00% 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 Carlsberg Brewery Malaysia Bhd was 7.00% per year. The lowest was 7.00% per year. And the median was 7.00% per year.

As of today (2025-07-18), Carlsberg Brewery Malaysia Bhd's current stock price is RM18.36. Carlsberg Brewery Malaysia Bhd's E10 for the quarter that ended in Mar. 2025 was RM1.00. Carlsberg Brewery Malaysia Bhd's Shiller PE Ratio of today is 18.36.

During the past 13 years, the highest Shiller PE Ratio of Carlsberg Brewery Malaysia Bhd was 33.35. The lowest was 18.32. And the median was 25.19.


Carlsberg Brewery Malaysia Bhd E10 Historical Data

The historical data trend for Carlsberg Brewery 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.

* Premium members only.

Carlsberg Brewery Malaysia Bhd E10 Chart

Carlsberg Brewery Malaysia Bhd Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.76 0.80 0.88 0.93 0.98

Carlsberg Brewery Malaysia Bhd Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 0.96 0.97 0.98 0.98 1.00

Competitive Comparison of Carlsberg Brewery Malaysia Bhd's E10

For the Beverages - Brewers subindustry, Carlsberg Brewery 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.


Carlsberg Brewery Malaysia Bhd's Shiller PE Ratio Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Carlsberg Brewery Malaysia Bhd's Shiller PE Ratio distribution charts can be found below:

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


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Carlsberg Brewery 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, Carlsberg Brewery Malaysia Bhd's adjusted earnings per share data for the three months ended in Mar. 2025 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=0.309/134.9266*134.9266
=0.309

Current CPI (Mar. 2025) = 134.9266.

Carlsberg Brewery Malaysia Bhd Quarterly Data

per share eps CPI Adj_EPS
201506 0.104 100.684 0.139
201509 0.204 100.392 0.274
201512 0.244 99.792 0.330
201603 0.206 100.470 0.277
201606 0.168 101.688 0.223
201609 0.143 101.861 0.189
201612 0.154 101.863 0.204
201703 0.220 102.862 0.289
201706 0.199 103.349 0.260
201709 0.140 104.136 0.181
201712 0.164 104.011 0.213
201803 0.264 105.290 0.338
201806 0.209 106.317 0.265
201809 0.213 106.507 0.270
201812 0.221 105.998 0.281
201903 0.287 107.251 0.361
201906 0.213 108.070 0.266
201909 0.226 108.329 0.281
201912 0.226 108.420 0.281
202003 0.239 108.902 0.296
202006 0.035 108.767 0.043
202009 0.133 109.815 0.163
202012 0.124 109.897 0.152
202103 0.217 111.754 0.262
202106 0.122 114.631 0.144
202109 0.085 115.734 0.099
202112 0.234 117.630 0.268
202203 0.300 121.301 0.334
202206 0.291 125.017 0.314
202209 0.250 125.227 0.269
202212 0.197 125.222 0.212
202303 0.278 127.348 0.295
202306 0.289 128.729 0.303
202309 0.248 129.860 0.258
202312 0.255 129.419 0.266
202403 0.288 131.776 0.295
202406 0.260 132.554 0.265
202409 0.298 133.029 0.302
202412 0.258 133.157 0.261
202503 0.309 134.927 0.309

Add all the adjusted EPS together and divide 10 will get our e10.


Carlsberg Brewery Malaysia Bhd  (XKLS:2836) 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.

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

Shiller PE Ratio=Share Price/E10
=18.36/1.00
=18.36

* 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 Carlsberg Brewery Malaysia Bhd was 33.35. The lowest was 18.32. And the median was 25.19.


Be Aware

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


Carlsberg Brewery Malaysia Bhd E10 Related Terms

Thank you for viewing the detailed overview of Carlsberg Brewery Malaysia Bhd's E10 provided by GuruFocus.com. Please click on the following links to see related term pages.


Carlsberg Brewery Malaysia Bhd Business Description

Traded in Other Exchanges
N/A
Address
No. 55, Persiaran Selangor, Section 15, Shah Alam, SGR, MYS, 40200
Carlsberg Brewery Malaysia Bhd is a Carlsberg Group subsidiary that produces and sells beer, stout, cider, shandy, and nonalcoholic malt beverages in Asia. The company produces its products in Malaysia, and nearly all sales are in Malaysia and Singapore. The company also exports products to Sri Lanka, Thailand, Taiwan, and Hong Kong. Carlsberg is the company's flagship brand. Other brands include Kronenbourg 1664, Somersby Ciders, Asahi Dry, Royal Stout, Skol, Jolly Shandy, Nutrimalt, Connor's Stout Porter, and Corona Extra. The company has three segments: Malaysia, Singapore, and Others. It generates the majority of its revenue from the Malaysia segment, which includes manufacturing, marketing, and distribution of both alcoholic and non-alcoholic beverages by entities in Malaysia.

Carlsberg Brewery Malaysia Bhd Headlines

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