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Mehta Integrated Finance (BOM:511377) E10 : ₹0.68 (As of Dec. 2023)


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What is Mehta Integrated Finance 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.

Mehta Integrated Finance's adjusted earnings per share data for the three months ended in Dec. 2023 was ₹-0.060. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₹0.68 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Mehta Integrated Finance's average E10 Growth Rate was 41.70% 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.

As of today (2024-05-16), Mehta Integrated Finance's current stock price is ₹32.51. Mehta Integrated Finance's E10 for the quarter that ended in Dec. 2023 was ₹0.68. Mehta Integrated Finance's Shiller PE Ratio of today is 47.81.

During the past 13 years, the highest Shiller PE Ratio of Mehta Integrated Finance was 54.41. The lowest was 3.06. And the median was 27.70.


Mehta Integrated Finance E10 Historical Data

The historical data trend for Mehta Integrated Finance'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.

Mehta Integrated Finance E10 Chart

Mehta Integrated Finance Annual Data
Trend Aug14 Aug15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 0.88 0.47 0.51

Mehta Integrated Finance Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 0.48 0.51 0.55 0.54 0.68

Competitive Comparison of Mehta Integrated Finance's E10

For the Capital Markets subindustry, Mehta Integrated Finance'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.


Mehta Integrated Finance's Shiller PE Ratio Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Mehta Integrated Finance's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Mehta Integrated Finance's Shiller PE Ratio falls into.



Mehta Integrated Finance 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, Mehta Integrated Finance's adjusted earnings per share data for the three months ended in Dec. 2023 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=-0.06/153.2548*153.2548
=-0.060

Current CPI (Dec. 2023) = 153.2548.

Mehta Integrated Finance Quarterly Data

per share eps CPI Adj_EPS
201402 0.273 91.042 0.460
201405 0.058 93.338 0.095
201408 1.431 96.780 2.266
201411 0.060 96.780 0.095
201502 0.105 96.780 0.166
201505 0.005 98.693 0.008
201508 0.270 100.988 0.410
201511 -0.005 103.283 -0.007
201603 0.050 102.518 0.075
201606 -0.055 105.961 -0.080
201609 0.210 105.961 0.304
201612 0.006 105.196 0.009
201703 -0.023 105.196 -0.034
201706 0.040 107.109 0.057
201709 0.359 109.021 0.505
201712 -0.210 109.404 -0.294
201803 0.236 109.786 0.329
201806 0.090 111.317 0.124
201809 0.245 115.142 0.326
201812 0.023 115.142 0.031
201903 0.036 118.202 0.047
201906 0.000 120.880 0.000
201909 0.320 123.175 0.398
201912 0.030 126.235 0.036
202003 0.120 124.705 0.147
202006 -0.030 127.000 -0.036
202009 0.130 130.118 0.153
202012 0.620 130.889 0.726
202103 -0.780 131.771 -0.907
202106 -0.005 134.084 -0.006
202109 0.212 135.847 0.239
202112 0.095 138.161 0.105
202203 -0.922 138.822 -1.018
202206 0.546 142.347 0.588
202209 0.309 144.661 0.327
202212 -0.111 145.763 -0.117
202303 0.330 146.865 0.344
202306 -0.040 150.280 -0.041
202309 0.830 151.492 0.840
202312 -0.060 153.255 -0.060

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


Mehta Integrated Finance  (BOM:511377) 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.

Mehta Integrated Finance's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=32.51/0.68
=47.81

* 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 Mehta Integrated Finance was 54.41. The lowest was 3.06. And the median was 27.70.


Be Aware

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


Mehta Integrated Finance E10 Related Terms

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


Mehta Integrated Finance (BOM:511377) Business Description

Traded in Other Exchanges
N/A
Address
03, Law Garden Apartment, Scheme-I, Opposite Law Garden, Ellisbridge, Ahmedabad, GJ, IND, 380006
Mehta Integrated Finance Ltd is an India based company engaged in the capital markets business sector. The company provides asset management, initial public offering, investment banking, corporate finance, and debts syndication, valuation, corporate advisory, and mergers and acquisitions. The company operates in Consulting and Capital Market investments.

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