PBA Holdings Bhd (XKLS:5041) E10: RM0.16 (As of Mar. 2026)


XKLS:5041 PBA Holdings Bhd XKLS:5041
80 GF Score
Price RM1.99
GF Value RM2.29
Valuation Modestly Undervalued
! 2 Warning Signs
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What is PBA Holdings Bhd E10?

PBA Holdings Bhd XKLS:5041 +1.02% 80 E10 is RM0.16 as of Mar. 2026. GuruFocus rates XKLS:5041 with a GF Score™ of 80/100 and a GF Value™ of RM2.29 (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.

PBA Holdings Bhd's adjusted earnings per share data for the three months ended in Mar. 2026 was RM0.120. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is RM0.16 for the trailing ten years ended in Mar. 2026.

During the past 12 months, PBA Holdings Bhd's average E10 Growth Rate was 14.30% per year. During the past 3 years, the average E10 Growth Rate was 18.60% per year. During the past 5 years, the average E10 Growth Rate was 20.20% 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 PBA Holdings Bhd was 22.90% per year. The lowest was 14.50% per year. And the median was 18.60% per year.

As of today (2026-06-28), PBA Holdings Bhd's current stock price is RM1.99. PBA Holdings Bhd's E10 for the quarter that ended in Mar. 2026 was RM0.16. PBA Holdings Bhd's Shiller PE Ratio of today is 12.44.

During the past 13 years, the highest Shiller PE Ratio of PBA Holdings Bhd was 26.56. The lowest was 7.83. And the median was 13.43.


PBA Holdings Bhd  (XKLS:5041) 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.

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

Shiller PE Ratio=Share Price/E10
=1.99/0.16
=12.44

* 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 PBA Holdings Bhd was 26.56. The lowest was 7.83. And the median was 13.43.


Be Aware

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


PBA Holdings Bhd E10 Related Terms


PBA Holdings Bhd E10 Historical Data

* Premium members only.

The historical data trend for PBA 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.

PBA Holdings Bhd E10 Chart

PBA 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 0.07 0.09 0.09 0.13 0.15

PBA 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 0.14 0.14 0.15 0.15 0.16

XKLS:5041 vs AWK, WTRG, AWR: E10 Comparison

For the Utilities - Regulated Water subindustry, PBA 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.


PBA Holdings Bhd Shiller PE Ratio vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, PBA Holdings Bhd's Shiller PE Ratio distribution charts can be found below:

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


XKLS:5041
80GF Score
PBA Holdings Bhd XKLS:5041
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PBA 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, PBA 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)
=0.12/330.2130*330.2130
=0.120

Current CPI (Mar. 2026) = 330.2130.

PBA Holdings Bhd Quarterly Data

per share eps CPI Adj_EPS
201606 0.051 241.018 0.070
201609 0.068 241.428 0.093
201612 0.051 241.432 0.070
201703 0.031 243.801 0.042
201706 0.033 244.955 0.044
201709 0.050 246.819 0.067
201712 0.003 246.524 0.004
201803 0.046 249.554 0.061
201806 0.038 251.989 0.050
201809 0.030 252.439 0.039
201812 -0.427 251.233 -0.561
201903 0.044 254.202 0.057
201906 0.051 256.143 0.066
201909 0.019 256.759 0.024
201912 -0.038 256.974 -0.049
202003 0.012 258.115 0.015
202006 0.026 257.797 0.033
202009 0.034 260.280 0.043
202012 0.003 260.474 0.004
202103 0.031 264.877 0.039
202106 0.004 271.696 0.005
202109 0.014 274.310 0.017
202112 0.085 278.802 0.101
202203 0.045 287.504 0.052
202206 0.038 296.311 0.042
202209 0.136 296.808 0.151
202212 0.014 296.797 0.016
202303 0.039 301.836 0.043
202306 -0.010 305.109 -0.011
202309 0.111 307.789 0.119
202312 -0.037 306.746 -0.040
202403 0.043 312.332 0.045
202406 0.167 314.175 0.176
202409 0.064 315.301 0.067
202412 0.161 315.605 0.168
202503 0.059 319.799 0.061
202506 0.109 322.561 0.112
202509 0.106 324.800 0.108
202512 0.072 324.054 0.073
202603 0.120 330.213 0.120

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 RM0.16 mean?
PBA Holdings Bhd (XKLS:5041) has a E10 of RM0.16 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on PBA Holdings Bhd and its competitors.
Is PBA Holdings Bhd's E10 too high?
PBA Holdings Bhd's current E10 is RM0.16. Overall, PBA Holdings Bhd has a GF Score™ of 80/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PBA Holdings Bhd's E10 compare to AWK and WTRG?
PBA Holdings Bhd's E10 of RM0.16 can be compared against companies in the Utilities - Regulated 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 Utilities - Regulated company?
A good E10 depends on the Utilities - Regulated 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 PBA Holdings Bhd and its competitors. PBA Holdings Bhd's current E10 is RM0.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PBA Holdings Bhd stock overvalued right now?
Based on GuruFocus' analysis, PBA Holdings Bhd (XKLS:5041) is currently considered Modestly Undervalued. The stock's GF Value™ is RM2.29, compared to a current price of RM1.99 — trading 13.1% below its estimated fair value. The current E10 is RM0.16. PBA Holdings Bhd's overall GF Score™ is 80/100 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 PBA Holdings Bhd (XKLS:5041), the current E10 is RM0.16 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 PBA Holdings Bhd (XKLS:5041) Overvalued in 2026?

Based on GuruFocus' analysis, PBA Holdings Bhd stock appears to be undervalued. The current stock price of RM1.99 is trading 13.1% below its estimated GF Value™ of RM2.29. GuruFocus considers PBA Holdings Bhd to be Modestly Undervalued.

Key valuation signals for XKLS:5041:

  • E10: RM0.16
  • GF Value™: RM2.29 vs. price of RM1.99 (13.1% below fair value)
  • GF Score™: 80/100 with 2 warning signs

No single metric tells the full story. See the XKLS:5041 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


PBA Holdings Bhd Business Description

Address Penang Road, Level 32, Komtar, Georgetown, PNG, MYS, 10000
PBA Holdings Bhd is an investment holding company. Its primary business is to sustain continuous good water supply in Penang. With population growth and increasing socio-economic development, It has to employ holistic water supply management strategies. It manage both water demand and supply in a water-stressed state. The group has one reportable segment, which is the abstraction of raw water, treatment of water, supply and sale of treated water to consumers in the State of Penang. The company operated solely in Penang, Malaysia. The company through its subsidiaries is engaged in the abstraction of raw water, treatment of water, and supply and sale of treated water to consumers in the State of Penang. It operates geographically in Malaysia.
80GF Score

Get the complete analysis for XKLS:5041

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

RM1.99
Price
RM2.29
GF Value