Heineken Malaysia Bhd (XKLS:3255) E10: RM1.26 (As of Jun. 2026)

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XKLS:3255 Heineken Malaysia Bhd XKLS:3255
78 GF Score
Price RM17.06
GF Value RM22.08
Valuation Modestly Undervalued
! 3 Warning Signs
View Full Analysis

What is Heineken Malaysia Bhd E10?

Heineken Malaysia Bhd XKLS:3255 +1.19% 78 E10 is RM1.26 as of Jun. 2026. GuruFocus rates XKLS:3255 with a GF Score™ of 78/100 and a GF Value™ of RM22.08 (Modestly Undervalued). The stock has 3 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.

Heineken Malaysia Bhd's adjusted earnings per share data for the three months ended in Jun. 2026 was RM0.167. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is RM1.26 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Heineken Malaysia Bhd's average E10 Growth Rate was -100.00% per year. During the past 3 years, the average E10 Growth Rate was 7.70% per year. During the past 5 years, the average E10 Growth Rate was 8.80% 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 Heineken Malaysia Bhd was 9.60% per year. The lowest was 7.70% per year. And the median was 8.50% per year.

As of today (2026-08-11), Heineken Malaysia Bhd's current stock price is RM17.06. Heineken Malaysia Bhd's E10 for the quarter that ended in Jun. 2026 was RM1.26. Heineken Malaysia Bhd's Shiller PE Ratio of today is 13.54.

During the past 13 years, the highest Shiller PE Ratio of Heineken Malaysia Bhd was 31.61. The lowest was 13.34. And the median was 23.56.


Heineken Malaysia Bhd  (XKLS:3255) 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.

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

Shiller PE Ratio=Share Price/E10
=17.06/1.26
=13.54

* 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 Heineken Malaysia Bhd was 31.61. The lowest was 13.34. And the median was 23.56.


Be Aware

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


Heineken Malaysia Bhd E10 Related Terms


Heineken Malaysia Bhd E10 Historical Data

* Premium members only.

The historical data trend for Heineken 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.

Heineken Malaysia Bhd E10 Chart

Heineken Malaysia Bhd Annual Data
Trend Jun15 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.88 1.00 1.06 1.16 1.25

Heineken Malaysia Bhd Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 1.19 1.22 1.25 1.28 1.26

XKLS:3255 vs STZ, TAP: E10 Comparison

For the Beverages - Brewers subindustry, Heineken 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.


Heineken Malaysia Bhd Shiller PE Ratio vs Beverages - Alcoholic Industry

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

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


XKLS:3255
78GF Score
Heineken Malaysia Bhd XKLS:3255
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Heineken 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, Heineken Malaysia Bhd's adjusted earnings per share data for the three months ended in Jun. 2026 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=0.167/333.9520*333.9520
=0.167

Current CPI (Jun. 2026) = 333.9520.

Heineken Malaysia Bhd Quarterly Data

per share eps CPI Adj_EPS
201603 0.168 238.132 0.236
201609 0.188 241.428 0.260
201703 0.162 243.801 0.222
201706 0.204 244.955 0.278
201709 0.218 246.819 0.295
201712 0.310 246.524 0.420
201803 0.161 249.554 0.215
201806 0.182 251.989 0.241
201809 0.261 252.439 0.345
201812 0.331 251.233 0.440
201903 0.175 254.202 0.230
201906 0.218 256.143 0.284
201909 0.342 256.759 0.445
201912 0.302 256.974 0.392
202003 0.189 258.115 0.245
202006 -0.060 257.797 -0.078
202009 0.203 260.280 0.260
202012 0.179 260.474 0.229
202103 0.243 264.877 0.306
202106 0.084 271.696 0.103
202109 0.169 274.310 0.206
202112 0.317 278.802 0.380
202203 0.375 287.504 0.436
202206 0.285 296.311 0.321
202209 0.360 296.808 0.405
202212 0.346 296.797 0.389
202303 0.364 301.836 0.403
202306 0.300 305.109 0.328
202309 0.289 307.789 0.314
202312 0.328 306.746 0.357
202403 0.405 312.332 0.433
202406 0.302 314.175 0.321
202409 0.372 315.301 0.394
202412 0.466 315.605 0.493
202503 0.404 319.799 0.422
202506 0.275 322.561 0.285
202509 0.374 324.800 0.385
202512 0.468 324.054 0.482
202603 0.346 330.213 0.350
202606 0.167 333.952 0.167

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 RM1.26 mean?
Heineken Malaysia Bhd (XKLS:3255) has a E10 of RM1.26 as of Jun. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Heineken Malaysia Bhd and its competitors.
Is Heineken Malaysia Bhd's E10 too high?
Heineken Malaysia Bhd's current E10 is RM1.26. Overall, Heineken Malaysia Bhd has a GF Score™ of 78/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Heineken Malaysia Bhd's E10 compare to STZ and TAP?
Heineken Malaysia Bhd's E10 of RM1.26 can be compared against companies in the Beverages - Alcoholic 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 Beverages - Alcoholic company?
A good E10 depends on the Beverages - Alcoholic 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 Heineken Malaysia Bhd and its competitors. Heineken Malaysia Bhd's current E10 is RM1.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Heineken Malaysia Bhd stock overvalued right now?
Based on GuruFocus' analysis, Heineken Malaysia Bhd (XKLS:3255) is currently considered Modestly Undervalued. The stock's GF Value™ is RM22.08, compared to a current price of RM17.06 — trading 22.7% below its estimated fair value. The current E10 is RM1.26. Heineken Malaysia Bhd's overall GF Score™ is 78/100 with 3 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 Heineken Malaysia Bhd (XKLS:3255), the current E10 is RM1.26 as of Jun. 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 Heineken Malaysia Bhd (XKLS:3255) Overvalued in 2026?

Based on GuruFocus' analysis, Heineken Malaysia Bhd stock appears to be undervalued. The current stock price of RM17.06 is trading 22.7% below its estimated GF Value™ of RM22.08. GuruFocus considers Heineken Malaysia Bhd to be Modestly Undervalued.

Key valuation signals for XKLS:3255:

  • E10: RM1.26
  • GF Value™: RM22.08 vs. price of RM17.06 (22.7% below fair value)
  • GF Score™: 78/100 with 3 warning signs

No single metric tells the full story. See the XKLS:3255 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Heineken Malaysia Bhd Business Description

Address Batu 9, Jalan Klang Lama, Sungei Way Brewery, Lot 1135, Selangor Darul Ehsan, Petaling Jaya, SGR, MYS, 46000
Heineken Malaysia Bhd is engaged in the production, packaging, marketing, and distribution of beverages, mainly alcoholic. The portfolio of the company includes various brands such as The World-acclaimed iconic Asian beer - Tiger Beer, The crystal-cold filtered beer - Tiger Crystal, The New Zealand-inspired cider - Apple Fox Cider, Edelweiss, infused with juicy peach flavour, The premium Irish ale - Kilkenny, The real shandy - Anglia, and others.
78GF Score

Get the complete analysis for XKLS:3255

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

RM17.06
Price
RM22.08
GF Value