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ZF Commercial Vehicle Control Systems India (NSE:ZFCVINDIA) E10 : ₹147.12 (As of Mar. 2024)


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What is ZF Commercial Vehicle Control Systems India 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.

ZF Commercial Vehicle Control Systems India's adjusted earnings per share data for the three months ended in Mar. 2024 was ₹52.820. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₹147.12 for the trailing ten years ended in Mar. 2024.

During the past 12 months, ZF Commercial Vehicle Control Systems India's average E10 Growth Rate was 12.70% per year. During the past 3 years, the average E10 Growth Rate was 3.30% 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 ZF Commercial Vehicle Control Systems India was 3.30% per year. The lowest was 3.30% per year. And the median was 3.30% per year.

As of today (2024-06-12), ZF Commercial Vehicle Control Systems India's current stock price is ₹17703.90. ZF Commercial Vehicle Control Systems India's E10 for the quarter that ended in Mar. 2024 was ₹147.12. ZF Commercial Vehicle Control Systems India's Shiller PE Ratio of today is 120.34.

During the past 13 years, the highest Shiller PE Ratio of ZF Commercial Vehicle Control Systems India was 118.46. The lowest was 32.16. And the median was 71.33.


ZF Commercial Vehicle Control Systems India E10 Historical Data

The historical data trend for ZF Commercial Vehicle Control Systems India'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.

ZF Commercial Vehicle Control Systems India E10 Chart

ZF Commercial Vehicle Control Systems India 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 - 133.62 118.99 130.54 147.12

ZF Commercial Vehicle Control Systems India 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 130.54 135.66 139.77 144.63 147.12

Competitive Comparison of ZF Commercial Vehicle Control Systems India's E10

For the Auto Parts subindustry, ZF Commercial Vehicle Control Systems India'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.


ZF Commercial Vehicle Control Systems India's Shiller PE Ratio Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, ZF Commercial Vehicle Control Systems India's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where ZF Commercial Vehicle Control Systems India's Shiller PE Ratio falls into.



ZF Commercial Vehicle Control Systems India 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, ZF Commercial Vehicle Control Systems India'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)
=52.82/153.0345*153.0345
=52.820

Current CPI (Mar. 2024) = 153.0345.

ZF Commercial Vehicle Control Systems India Quarterly Data

per share eps CPI Adj_EPS
201406 16.170 94.103 26.296
201409 16.480 96.780 26.059
201412 14.940 96.780 23.624
201503 16.020 97.163 25.232
201506 25.120 99.841 38.504
201509 25.560 101.753 38.442
201512 27.260 102.901 40.541
201603 29.280 102.518 43.708
201606 39.430 105.961 56.947
201609 25.360 105.961 36.626
201612 23.030 105.196 33.503
201703 26.140 105.196 38.027
201706 28.590 107.109 40.849
201709 40.910 109.021 57.426
201712 33.640 109.404 47.056
201803 40.710 109.786 56.747
201806 39.410 111.317 54.180
201809 50.360 115.142 66.933
201812 31.520 115.142 41.893
201903 27.460 118.202 35.552
201906 28.870 120.880 36.550
201909 17.850 123.175 22.177
201912 20.400 126.235 24.731
202003 16.610 124.705 20.383
202006 -16.540 127.000 -19.931
202009 18.510 130.118 21.770
202012 27.640 130.889 32.316
202103 25.120 131.771 29.174
202106 11.270 134.084 12.863
202109 17.000 135.847 19.151
202112 16.780 138.161 18.586
202203 29.840 138.822 32.895
202206 32.900 142.347 35.370
202209 36.190 144.661 38.285
202212 45.040 145.763 47.287
202303 53.360 146.865 55.602
202306 52.580 150.280 53.544
202309 55.720 151.492 56.287
202312 53.160 152.924 53.198
202403 52.820 153.035 52.820

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


ZF Commercial Vehicle Control Systems India  (NSE:ZFCVINDIA) 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.

ZF Commercial Vehicle Control Systems India's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=17703.90/147.12
=120.34

* 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 ZF Commercial Vehicle Control Systems India was 118.46. The lowest was 32.16. And the median was 71.33.


Be Aware

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


ZF Commercial Vehicle Control Systems India E10 Related Terms

Thank you for viewing the detailed overview of ZF Commercial Vehicle Control Systems India's E10 provided by GuruFocus.com. Please click on the following links to see related term pages.


ZF Commercial Vehicle Control Systems India (NSE:ZFCVINDIA) Business Description

Traded in Other Exchanges
Address
Plot No. 3 (SP), III Main Road, Ambattur Industrial Estate, Chennai, TN, IND, 600058
ZF Commercial Vehicle Control Systems India Ltd is a supplier of technologies and services that improve commercial vehicle safety, efficiency, and connectivity. It offers conventional braking products, advanced braking systems, and other related air-assisted products and systems, such as air suspension and driveline controls.

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