Hong Leong Bank Bhd (XKLS:5819) E10: RM1.91 (As of Mar. 2026)


XKLS:5819 Hong Leong Bank Bhd XKLS:5819
78 GF Score
Price RM21.68
GF Value RM23.24
Valuation Fairly Valued
! 3 Warning Signs
View Full Analysis

What is Hong Leong Bank Bhd E10?

Hong Leong Bank Bhd XKLS:5819 -0.28% 78 E10 is RM1.91 as of Mar. 2026. GuruFocus rates XKLS:5819 with a GF Score™ of 78/100 and a GF Value™ of RM23.24 (Fairly Valued). 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.

Hong Leong Bank Bhd's adjusted earnings per share data for the three months ended in Mar. 2026 was RM0.499. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is RM1.91 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Hong Leong Bank Bhd's average E10 Growth Rate was 7.30% per year. During the past 3 years, the average E10 Growth Rate was 6.20% per year. During the past 5 years, the average E10 Growth Rate was 7.30% 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 Hong Leong Bank Bhd was 8.10% per year. The lowest was 6.20% per year. And the median was 7.70% per year.

As of today (2026-06-28), Hong Leong Bank Bhd's current stock price is RM21.68. Hong Leong Bank Bhd's E10 for the quarter that ended in Mar. 2026 was RM1.91. Hong Leong Bank Bhd's Shiller PE Ratio of today is 11.35.

During the past 13 years, the highest Shiller PE Ratio of Hong Leong Bank Bhd was 14.69. The lowest was 9.62. And the median was 12.11.


Hong Leong Bank Bhd  (XKLS:5819) 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.

Hong Leong Bank Bhd's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=21.68/1.91
=11.35

* 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 Hong Leong Bank Bhd was 14.69. The lowest was 9.62. And the median was 12.11.


Be Aware

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


Hong Leong Bank Bhd E10 Related Terms


Hong Leong Bank Bhd E10 Historical Data

* Premium members only.

The historical data trend for Hong Leong Bank 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.

Hong Leong Bank Bhd E10 Chart

Hong Leong Bank Bhd Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.36 1.51 1.61 1.72 1.81

Hong Leong Bank 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 1.78 1.81 1.84 1.86 1.91

Hong Leong Bank Bhd E10 Competitor Comparison

For the Banks - Regional subindustry, Hong Leong Bank 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.


Hong Leong Bank Bhd Shiller PE Ratio vs Banks Industry

For the Banks industry and Financial Services sector, Hong Leong Bank Bhd's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Hong Leong Bank Bhd's Shiller PE Ratio falls into.


XKLS:5819
78GF Score
Hong Leong Bank Bhd XKLS:5819
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hong Leong Bank 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, Hong Leong Bank 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)
=0.499/330.2130*330.2130
=0.499

Current CPI (Mar. 2026) = 330.2130.

Hong Leong Bank Bhd Quarterly Data

per share eps CPI Adj_EPS
201606 0.276 241.018 0.378
201609 0.265 241.428 0.362
201612 0.269 241.432 0.368
201703 0.278 243.801 0.377
201706 0.770 244.955 1.038
201709 0.312 246.819 0.417
201712 0.333 246.524 0.446
201803 0.337 249.554 0.446
201806 0.305 251.989 0.400
201809 0.344 252.439 0.450
201812 0.335 251.233 0.440
201903 0.309 254.202 0.401
201906 0.311 256.143 0.401
201909 0.336 256.759 0.432
201912 0.343 256.974 0.441
202003 0.261 258.115 0.334
202006 0.278 257.797 0.356
202009 0.356 260.280 0.452
202012 0.328 260.474 0.416
202103 0.377 264.877 0.470
202106 0.337 271.696 0.410
202109 0.419 274.310 0.504
202112 0.360 278.802 0.426
202203 0.383 287.504 0.440
202206 0.443 296.311 0.494
202209 0.479 296.808 0.533
202212 0.509 296.797 0.566
202303 0.454 301.836 0.497
202306 0.422 305.109 0.457
202309 0.502 307.789 0.539
202312 0.531 306.746 0.572
202403 0.510 312.332 0.539
202406 0.504 314.175 0.530
202409 0.529 315.301 0.554
202412 0.557 315.605 0.583
202503 0.459 319.799 0.474
202506 0.528 322.561 0.541
202509 0.529 324.800 0.538
202512 0.567 324.054 0.578
202603 0.499 330.213 0.499

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 RM1.91 mean?
Hong Leong Bank Bhd (XKLS:5819) has a E10 of RM1.91 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Hong Leong Bank Bhd and its competitors.
Is Hong Leong Bank Bhd's E10 too high?
Hong Leong Bank Bhd's current E10 is RM1.91. Overall, Hong Leong Bank Bhd has a GF Score™ of 78/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Hong Leong Bank Bhd's E10 compare to competitors?
Hong Leong Bank Bhd's E10 of RM1.91 can be compared against companies in the Banks 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 Banks company?
A good E10 depends on the Banks 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 Hong Leong Bank Bhd and its competitors. Hong Leong Bank Bhd's current E10 is RM1.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hong Leong Bank Bhd stock overvalued right now?
Based on GuruFocus' analysis, Hong Leong Bank Bhd (XKLS:5819) is currently considered Fairly Valued. The stock's GF Value™ is RM23.24, compared to a current price of RM21.68 — trading 6.7% below its estimated fair value. The current E10 is RM1.91. Hong Leong Bank 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 Hong Leong Bank Bhd (XKLS:5819), the current E10 is RM1.91 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 Hong Leong Bank Bhd (XKLS:5819) Overvalued in 2026?

Based on GuruFocus' analysis, Hong Leong Bank Bhd stock appears to be undervalued. The current stock price of RM21.68 is trading 6.7% below its estimated GF Value™ of RM23.24. GuruFocus considers Hong Leong Bank Bhd to be Fairly Valued.

Key valuation signals for XKLS:5819:

  • E10: RM1.91
  • GF Value™: RM23.24 vs. price of RM21.68 (6.7% below fair value)
  • GF Score™: 78/100 with 3 warning signs

No single metric tells the full story. See the XKLS:5819 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hong Leong Bank Bhd Business Description

Address No.6, Jalan Damanlela, Level 30, Menara Hong Leong, Bukit, Damansara, Kuala Lumpur, MYS, 50490
Hong Leong Bank Bhd is a regional financial services company. Its segments include Personal Financial Services, Business & Corporate Banking, Global Markets, Overseas/International Operations, and Other operations. Personal Financial Services segment focuses mainly on servicing individual customers and small businesses. Business & Corporate Banking focuses on corporate and small and medium enterprises. Global Markets refers to its domestic treasury and capital market operations and includes foreign exchange, money market operations as well as capital market securities trading and investments. Overseas/International Operations include the bank's overseas branches, subsidiaries, and associates. Other operations segment includes head office and other business segment.
78GF Score

Get the complete analysis for XKLS:5819

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

RM21.68
Price
RM23.24
GF Value