Fraser & Neave Holdings Bhd (XKLS:3689) E10: RM1.37 (As of Mar. 2026)


XKLS:3689 Fraser & Neave Holdings Bhd XKLS:3689
88 GF Score
Price RM27.70
GF Value RM28.05
Valuation Fairly Valued
! 2 Warning Signs
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What is Fraser & Neave Holdings Bhd E10?

Fraser & Neave Holdings Bhd XKLS:3689 -1.70% 88 E10 is RM1.37 as of Mar. 2026. GuruFocus rates XKLS:3689 with a GF Score™ of 88/100 and a GF Value™ of RM28.05 (Fairly Valued). 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.

Fraser & Neave Holdings Bhd's adjusted earnings per share data for the three months ended in Mar. 2026 was RM0.262. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is RM1.37 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Fraser & Neave Holdings Bhd's average E10 Growth Rate was 0.70% per year. During the past 3 years, the average E10 Growth Rate was 7.20% per year. During the past 5 years, the average E10 Growth Rate was 7.50% 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 Fraser & Neave Holdings Bhd was 8.30% per year. The lowest was 5.60% per year. And the median was 7.40% per year.

As of today (2026-06-27), Fraser & Neave Holdings Bhd's current stock price is RM27.70. Fraser & Neave Holdings Bhd's E10 for the quarter that ended in Mar. 2026 was RM1.37. Fraser & Neave Holdings Bhd's Shiller PE Ratio of today is 20.22.

During the past 13 years, the highest Shiller PE Ratio of Fraser & Neave Holdings Bhd was 37.05. The lowest was 17.37. And the median was 23.08.


Fraser & Neave Holdings Bhd  (XKLS:3689) 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.

Fraser & Neave Holdings Bhd's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=27.70/1.37
=20.22

* 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 Fraser & Neave Holdings Bhd was 37.05. The lowest was 17.37. And the median was 23.08.


Be Aware

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


Fraser & Neave Holdings Bhd E10 Related Terms


Fraser & Neave Holdings Bhd E10 Historical Data

* Premium members only.

The historical data trend for Fraser & Neave 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.

Fraser & Neave Holdings Bhd E10 Chart

Fraser & Neave Holdings Bhd Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.03 1.12 1.22 1.31 1.38

Fraser & Neave 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 1.36 1.36 1.38 1.35 1.37

XKLS:3689 vs KO, PEP, MNST: E10 Comparison

For the Beverages - Non-Alcoholic subindustry, Fraser & Neave 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.


Fraser & Neave Holdings Bhd Shiller PE Ratio vs Beverages - Non-Alcoholic Industry

For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Fraser & Neave Holdings Bhd's Shiller PE Ratio distribution charts can be found below:

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


XKLS:3689
88GF Score
Fraser & Neave Holdings Bhd XKLS:3689
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Fraser & Neave 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, Fraser & Neave 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)
=0.262/330.2130*330.2130
=0.262

Current CPI (Mar. 2026) = 330.2130.

Fraser & Neave Holdings Bhd Quarterly Data

per share eps CPI Adj_EPS
201606 0.254 241.018 0.348
201609 0.135 241.428 0.185
201612 0.346 241.432 0.473
201703 0.291 243.801 0.394
201706 0.189 244.955 0.255
201709 0.054 246.819 0.072
201712 0.290 246.524 0.388
201803 0.252 249.554 0.333
201806 0.284 251.989 0.372
201809 0.225 252.439 0.294
201812 0.334 251.233 0.439
201903 0.284 254.202 0.369
201906 0.313 256.143 0.404
201909 0.186 256.759 0.239
201912 0.349 256.974 0.448
202003 0.278 258.115 0.356
202006 0.255 257.797 0.327
202009 0.234 260.280 0.297
202012 0.372 260.474 0.472
202103 0.282 264.877 0.352
202106 0.262 271.696 0.318
202109 0.160 274.310 0.193
202112 0.253 278.802 0.300
202203 0.255 287.504 0.293
202206 0.265 296.311 0.295
202209 0.269 296.808 0.299
202212 0.551 296.797 0.613
202303 0.276 301.836 0.302
202306 0.270 305.109 0.292
202309 0.374 307.789 0.401
202312 0.465 306.746 0.501
202403 0.451 312.332 0.477
202406 0.331 314.175 0.348
202409 0.231 315.301 0.242
202412 0.460 315.605 0.481
202503 0.383 319.799 0.395
202506 0.231 322.561 0.236
202509 0.311 324.800 0.316
202512 0.306 324.054 0.312
202603 0.262 330.213 0.262

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 RM1.37 mean?
Fraser & Neave Holdings Bhd (XKLS:3689) has a E10 of RM1.37 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Fraser & Neave Holdings Bhd and its competitors.
Is Fraser & Neave Holdings Bhd's E10 too high?
Fraser & Neave Holdings Bhd's current E10 is RM1.37. Overall, Fraser & Neave Holdings Bhd has a GF Score™ of 88/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Fraser & Neave Holdings Bhd's E10 compare to KO and PEP?
Fraser & Neave Holdings Bhd's E10 of RM1.37 can be compared against companies in the Beverages - Non-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 - Non-Alcoholic company?
A good E10 depends on the Beverages - Non-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 Fraser & Neave Holdings Bhd and its competitors. Fraser & Neave Holdings Bhd's current E10 is RM1.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fraser & Neave Holdings Bhd stock overvalued right now?
Based on GuruFocus' analysis, Fraser & Neave Holdings Bhd (XKLS:3689) is currently considered Fairly Valued. The stock's GF Value™ is RM28.05, compared to a current price of RM27.70 — trading 1.2% below its estimated fair value. The current E10 is RM1.37. Fraser & Neave Holdings Bhd's overall GF Score™ is 88/100 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 Fraser & Neave Holdings Bhd (XKLS:3689), the current E10 is RM1.37 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 Fraser & Neave Holdings Bhd (XKLS:3689) Overvalued in 2026?

Based on GuruFocus' analysis, Fraser & Neave Holdings Bhd stock appears to be undervalued. The current stock price of RM27.70 is trading 1.2% below its estimated GF Value™ of RM28.05. GuruFocus considers Fraser & Neave Holdings Bhd to be Fairly Valued.

Key valuation signals for XKLS:3689:

  • E10: RM1.37
  • GF Value™: RM28.05 vs. price of RM27.70 (1.2% below fair value)
  • GF Score™: 88/100 with 2 warning signs

No single metric tells the full story. See the XKLS:3689 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Fraser & Neave Holdings Bhd Business Description

Address No. 1 Jalan Bukit Belimbing 26/38, Persiaran Kuala Selangor, Seksyen 26, Shah Alam, SGR, MYS, 40400
Fraser & Neave Holdings Bhd manufactures and sells canned milk, both condensed and evaporated and other dairy products and soft drinks. The company manufactures its products in Malaysia and Thailand and operates through four main segments: F&B Malaysia, which generates maximum revenue, F&B Thailand, Property, and Others. F&B Malaysia and F&B Thailand manufacture both soft drinks and dairies. Its core soft drink brands include 100PLUS, F&N Fun Flavours, F&N NutriSoy, F&N Seasons, F&N Ice Mountain, and others. Its dairy brands include Carnation, Magnolia, Teapot, Farmhouse, Gold Coin, and F&N Fruit Tree, among others. Geographically, the company derives a majority of its revenue from Southeast Asia and the rest from other regions.
88GF Score

Get the complete analysis for XKLS:3689

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

RM27.70
Price
RM28.05
GF Value