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V-Guard Industries (NSE:VGUARD) E10 : ₹4.74 (As of Mar. 2024)


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What is V-Guard Industries 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.

V-Guard Industries's adjusted earnings per share data for the three months ended in Mar. 2024 was ₹1.740. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₹4.74 for the trailing ten years ended in Mar. 2024.

During the past 12 months, V-Guard Industries's average E10 Growth Rate was 11.30% per year. During the past 3 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 V-Guard Industries was -7.50% per year. The lowest was -33.30% per year. And the median was -20.40% per year.

As of today (2024-06-09), V-Guard Industries's current stock price is ₹390.70. V-Guard Industries's E10 for the quarter that ended in Mar. 2024 was ₹4.74. V-Guard Industries's Shiller PE Ratio of today is 82.43.

During the past 13 years, the highest Shiller PE Ratio of V-Guard Industries was 82.53. The lowest was 10.70. And the median was 59.45.


V-Guard Industries E10 Historical Data

The historical data trend for V-Guard Industries'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.

V-Guard Industries E10 Chart

V-Guard Industries 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 14.36 5.99 3.86 4.26 4.74

V-Guard Industries 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 4.26 4.39 4.54 4.66 4.74

Competitive Comparison of V-Guard Industries's E10

For the Electrical Equipment & Parts subindustry, V-Guard Industries'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.


V-Guard Industries's Shiller PE Ratio Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, V-Guard Industries's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where V-Guard Industries's Shiller PE Ratio falls into.



V-Guard Industries 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, V-Guard Industries'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)
=1.74/153.0345*153.0345
=1.740

Current CPI (Mar. 2024) = 153.0345.

V-Guard Industries Quarterly Data

per share eps CPI Adj_EPS
201406 0.531 94.103 0.864
201409 0.454 96.780 0.718
201412 0.218 96.780 0.345
201503 0.476 97.163 0.750
201506 0.059 99.841 0.090
201509 0.543 101.753 0.817
201512 0.507 102.901 0.754
201603 0.990 102.518 1.478
201606 1.010 105.961 1.459
201609 0.870 105.961 1.256
201612 0.590 105.196 0.858
201703 0.970 105.196 1.411
201706 0.540 107.109 0.772
201709 1.070 109.021 1.502
201712 0.820 109.404 1.147
201803 0.670 109.786 0.934
201806 0.800 111.317 1.100
201809 0.880 115.142 1.170
201812 0.780 115.142 1.037
201903 1.400 118.202 1.813
201906 1.220 120.880 1.545
201909 1.350 123.175 1.677
201912 1.010 126.235 1.224
202003 0.740 124.705 0.908
202006 0.090 127.000 0.108
202009 1.190 130.118 1.400
202012 1.800 130.889 2.105
202103 1.570 131.771 1.823
202106 0.590 134.084 0.673
202109 1.370 135.847 1.543
202112 1.220 138.161 1.351
202203 2.070 138.822 2.282
202206 1.230 142.347 1.322
202209 1.000 144.661 1.058
202212 0.900 145.763 0.945
202303 1.220 146.865 1.271
202306 1.470 150.280 1.497
202309 1.340 151.492 1.354
202312 1.330 152.924 1.331
202403 1.740 153.035 1.740

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


V-Guard Industries  (NSE:VGUARD) 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.

V-Guard Industries's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=390.70/4.74
=82.43

* 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 V-Guard Industries was 82.53. The lowest was 10.70. And the median was 59.45.


Be Aware

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


V-Guard Industries E10 Related Terms

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


V-Guard Industries (NSE:VGUARD) Business Description

Traded in Other Exchanges
Address
42/962, Vennala High School Road, Vennala, Ernakulam, KL, IND, 682028
V-Guard Industries Ltd is an India-based consumer electrical company. It is involved in the manufacturing, trading, and selling of consumer electrical products. Its business segments are Electronics, Electricals and Consumer Durables. It derives a majority of the revenue from the Electricals segment which includes products such as PVC Insulated Cables, Switch Gears, Single Phase Pumps, Three Phase Pumps, and Modular Switches. The Electronics segment covers products like voltage stabilizers, digital UPS, and UPS. The Consumer Durables segment includes solar water heaters and solar inverters. Geographically, the company has operations in India and internationally, of which key revenue is generated within India.

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