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Piramal Enterprises (BOM:500302) E10 : ₹142.64 (As of Mar. 2024)


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What is Piramal Enterprises E10?

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.

Piramal Enterprises's adjusted earnings per share data for the three months ended in Mar. 2024 was ₹5.190. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₹142.64 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Piramal Enterprises's average E10 Growth Rate was 2.30% per year. During the past 3 years, the average E10 Growth Rate was -8.70% 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 Piramal Enterprises was -8.70% per year. The lowest was -8.70% per year. And the median was -8.70% per year.

As of today (2024-05-20), Piramal Enterprises's current stock price is ₹826.80. Piramal Enterprises's E10 for the quarter that ended in Mar. 2024 was ₹142.64. Piramal Enterprises's Shiller PE Ratio of today is 5.80.

During the past 13 years, the highest Shiller PE Ratio of Piramal Enterprises was 19.84. The lowest was 2.04. And the median was 6.37.


Piramal Enterprises E10 Historical Data

The historical data trend for Piramal Enterprises'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.

* Premium members only.

Piramal Enterprises E10 Chart

Piramal Enterprises Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 183.69 187.79 89.55 139.68 142.64

Piramal Enterprises Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 139.68 146.46 148.15 139.08 142.64

Competitive Comparison of Piramal Enterprises's E10

For the Financial Conglomerates subindustry, Piramal Enterprises'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.


Piramal Enterprises's Shiller PE Ratio Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Piramal Enterprises's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Piramal Enterprises's Shiller PE Ratio falls into.



Piramal Enterprises 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, Piramal Enterprises's adjusted earnings per share data for the three months ended in Mar. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=5.19/153.0345*153.0345
=5.190

Current CPI (Mar. 2024) = 153.0345.

Piramal Enterprises Quarterly Data

per share eps CPI Adj_EPS
201406 162.861 94.103 264.853
201409 -21.983 96.780 -34.761
201412 14.005 96.780 22.145
201503 5.406 97.163 8.515
201506 9.531 99.841 14.609
201509 13.239 101.753 19.911
201512 17.266 102.901 25.678
201603 10.861 102.518 16.213
201606 12.986 105.961 18.755
201609 16.742 105.961 24.180
201612 22.731 105.196 33.068
201703 17.524 105.196 25.493
201706 17.045 107.109 24.354
201709 21.634 109.021 30.368
201712 25.626 109.404 35.846
201803 198.587 109.786 276.816
201806 -3.388 111.317 -4.658
201809 23.557 115.142 31.309
201812 29.550 115.142 39.275
201903 22.300 118.202 28.871
201906 21.448 120.880 27.153
201909 27.010 123.175 33.558
201912 35.190 126.235 42.661
202003 -83.360 124.705 -102.297
202006 20.710 127.000 24.955
202009 26.260 130.118 30.885
202012 32.590 130.889 38.104
202103 -24.090 131.771 -27.977
202106 22.740 134.084 25.954
202109 17.520 135.847 19.737
202112 35.740 138.161 39.588
202203 4.550 138.822 5.016
202206 341.680 142.347 367.333
202209 -64.370 144.661 -68.096
202212 148.540 145.763 155.950
202303 -9.550 146.865 -9.951
202306 21.250 150.280 21.639
202309 2.020 151.492 2.041
202312 -105.830 152.924 -105.906
202403 5.190 153.035 5.190

Add all the adjusted EPS together and divide 10 will get our e10.


Piramal Enterprises  (BOM:500302) 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.

Piramal Enterprises's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=826.80/142.64
=5.80

* 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 Piramal Enterprises was 19.84. The lowest was 2.04. And the median was 6.37.


Be Aware

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


Piramal Enterprises E10 Related Terms

Thank you for viewing the detailed overview of Piramal Enterprises's E10 provided by GuruFocus.com. Please click on the following links to see related term pages.


Piramal Enterprises (BOM:500302) Business Description

Traded in Other Exchanges
Address
LBS Marg, Kamani Junction, Opposite Fire Brigade, Agastya Corporate Park, Piramal Ananta, Kurla (West), Mumbai, MH, IND, 400 070
Piramal Enterprises Ltd is a global business conglomerate with an interest in financial services and real estate. The company offers a wide range of financial products and solutions, with exposure across both Retail and Wholesale lending.

Piramal Enterprises (BOM:500302) Headlines

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