Thong Guan Industries Bhd (XKLS:7034) E10: RM0.22 (As of Mar. 2026)

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XKLS:7034 Thong Guan Industries Bhd XKLS:7034
79 GF Score
Price RM1.44
GF Value RM1.70
Valuation Modestly Undervalued
! 5 Warning Signs
View Full Analysis

What is Thong Guan Industries Bhd E10?

Thong Guan Industries Bhd XKLS:7034 -0.69% 79 E10 is RM0.22 as of Mar. 2026. GuruFocus rates XKLS:7034 with a GF Score™ of 79/100 and a GF Value™ of RM1.70 (Modestly Undervalued). The stock has 5 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.

Thong Guan Industries Bhd's adjusted earnings per share data for the three months ended in Mar. 2026 was RM0.053. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is RM0.22 for the trailing ten years ended in Mar. 2026.

During the past 3 years, the average E10 Growth Rate was 5.00% per year. During the past 5 years, the average E10 Growth Rate was 8.10% 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 Thong Guan Industries Bhd was 10.10% per year. The lowest was 5.00% per year. And the median was 9.00% per year.

As of today (2026-07-21), Thong Guan Industries Bhd's current stock price is RM1.44. Thong Guan Industries Bhd's E10 for the quarter that ended in Mar. 2026 was RM0.22. Thong Guan Industries Bhd's Shiller PE Ratio of today is 6.55.

During the past 13 years, the highest Shiller PE Ratio of Thong Guan Industries Bhd was 21.00. The lowest was 4.68. And the median was 10.15.


Thong Guan Industries Bhd  (XKLS:7034) 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.

Thong Guan Industries Bhd's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=1.44/0.22
=6.55

* 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 Thong Guan Industries Bhd was 21.00. The lowest was 4.68. And the median was 10.15.


Be Aware

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


Thong Guan Industries Bhd E10 Related Terms


Thong Guan Industries Bhd E10 Historical Data

* Premium members only.

The historical data trend for Thong Guan Industries 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.

Thong Guan Industries Bhd E10 Chart

Thong Guan Industries 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 0.17 0.19 0.20 0.22 0.22

Thong Guan Industries 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 0.22 0.23 0.22 0.22 0.22

XKLS:7034 vs SW, PKG, IP: E10 Comparison

For the Packaging & Containers subindustry, Thong Guan Industries 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.


Thong Guan Industries Bhd Shiller PE Ratio vs Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Thong Guan Industries Bhd's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Thong Guan Industries Bhd's Shiller PE Ratio falls into.


XKLS:7034
79GF Score
Thong Guan Industries Bhd XKLS:7034
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Thong Guan Industries 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, Thong Guan Industries 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)
=0.053/330.2130*330.2130
=0.053

Current CPI (Mar. 2026) = 330.2130.

Thong Guan Industries Bhd Quarterly Data

per share eps CPI Adj_EPS
201606 0.059 241.018 0.081
201609 0.064 241.428 0.088
201612 0.054 241.432 0.074
201703 0.037 243.801 0.050
201706 0.040 244.955 0.054
201709 0.043 246.819 0.058
201712 0.001 246.524 0.001
201803 0.025 249.554 0.033
201806 0.025 251.989 0.033
201809 0.029 252.439 0.038
201812 0.050 251.233 0.066
201903 0.037 254.202 0.048
201906 0.042 256.143 0.054
201909 0.053 256.759 0.068
201912 0.038 256.974 0.049
202003 0.046 258.115 0.059
202006 0.054 257.797 0.069
202009 0.051 260.280 0.065
202012 0.041 260.474 0.052
202103 0.055 264.877 0.069
202106 0.065 271.696 0.079
202109 0.057 274.310 0.069
202112 0.061 278.802 0.072
202203 0.062 287.504 0.071
202206 0.075 296.311 0.084
202209 0.069 296.808 0.077
202212 0.048 296.797 0.053
202303 0.049 301.836 0.054
202306 0.054 305.109 0.058
202309 0.055 307.789 0.059
202312 0.020 306.746 0.022
202403 0.060 312.332 0.063
202406 0.052 314.175 0.055
202409 0.037 315.301 0.039
202412 0.027 315.605 0.028
202503 0.045 319.799 0.046
202506 0.041 322.561 0.042
202509 0.034 324.800 0.035
202512 0.041 324.054 0.042
202603 0.053 330.213 0.053

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 RM0.22 mean?
Thong Guan Industries Bhd (XKLS:7034) has a E10 of RM0.22 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Thong Guan Industries Bhd and its competitors.
Is Thong Guan Industries Bhd's E10 too high?
Thong Guan Industries Bhd's current E10 is RM0.22. Overall, Thong Guan Industries Bhd has a GF Score™ of 79/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Thong Guan Industries Bhd's E10 compare to SW and PKG?
Thong Guan Industries Bhd's E10 of RM0.22 can be compared against companies in the Packaging & Containers 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 Packaging & Containers company?
A good E10 depends on the Packaging & Containers 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 Thong Guan Industries Bhd and its competitors. Thong Guan Industries Bhd's current E10 is RM0.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thong Guan Industries Bhd stock overvalued right now?
Based on GuruFocus' analysis, Thong Guan Industries Bhd (XKLS:7034) is currently considered Modestly Undervalued. The stock's GF Value™ is RM1.70, compared to a current price of RM1.44 — trading 15.3% below its estimated fair value. The current E10 is RM0.22. Thong Guan Industries Bhd's overall GF Score™ is 79/100 with 5 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 Thong Guan Industries Bhd (XKLS:7034), the current E10 is RM0.22 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 Thong Guan Industries Bhd (XKLS:7034) Overvalued in 2026?

Based on GuruFocus' analysis, Thong Guan Industries Bhd stock appears to be undervalued. The current stock price of RM1.44 is trading 15.3% below its estimated GF Value™ of RM1.70. GuruFocus considers Thong Guan Industries Bhd to be Modestly Undervalued.

Key valuation signals for XKLS:7034:

  • E10: RM0.22
  • GF Value™: RM1.70 vs. price of RM1.44 (15.3% below fair value)
  • GF Score™: 79/100 with 5 warning signs

No single metric tells the full story. See the XKLS:7034 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Thong Guan Industries Bhd Business Description

Address Lot 52, Jalan PKNK 1/6, Kawasan Perusahaan Sungai Petani, Sungai Petani, KDH, MYS, 08000
Thong Guan Industries Bhd is a Malaysia-based investment holding company. Along with its subsidiaries, the firm is engaged in the trading of plastic packaging and petroleum products. It operates in two segments, including Plastic products and Food, beverages, and other consumable products. The company generates the majority of the revenue from the plastic products segment, which comprises stretch films, garbage bags, industrial bags, and PVC (Polyvinyl chloride) food wrap. Geographical presence is in Malaysia, Oceania, Europe, North America, other Asian countries, and others.
79GF Score

Get the complete analysis for XKLS:7034

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

RM1.44
Price
RM1.70
GF Value