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Master Trust (BOM:511768) E10 : ₹3.68 (As of Jun. 2024)


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What is Master Trust 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.

Master Trust's adjusted earnings per share data for the three months ended in Jun. 2024 was ₹3.060. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₹3.68 for the trailing ten years ended in Jun. 2024.

During the past 12 months, Master Trust's average E10 Growth Rate was 41.00% per year. During the past 3 years, the average E10 Growth Rate was -29.10% 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 Master Trust was -29.10% per year. The lowest was -29.10% per year. And the median was -29.10% per year.

As of today (2024-10-31), Master Trust's current stock price is ₹192.35. Master Trust's E10 for the quarter that ended in Jun. 2024 was ₹3.68. Master Trust's Shiller PE Ratio of today is 52.27.

During the past 13 years, the highest Shiller PE Ratio of Master Trust was 52.27. The lowest was 0.24. And the median was 14.30.


Master Trust E10 Historical Data

The historical data trend for Master Trust'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.

Master Trust E10 Chart

Master Trust 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 - 9.47 1.86 2.41 3.37

Master Trust Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 2.61 2.80 3.05 3.37 3.68

Competitive Comparison of Master Trust's E10

For the Capital Markets subindustry, Master Trust'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.


Master Trust's Shiller PE Ratio Distribution in the Capital Markets Industry

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

* The bar in red indicates where Master Trust's Shiller PE Ratio falls into.



Master Trust 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, Master Trust's adjusted earnings per share data for the three months ended in Jun. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Jun. 2024 (Change)*Current CPI (Jun. 2024)
=3.06/155.7889*155.7889
=3.060

Current CPI (Jun. 2024) = 155.7889.

Master Trust Quarterly Data

per share eps CPI Adj_EPS
201409 0.310 96.780 0.499
201412 0.300 96.780 0.483
201503 -0.068 97.163 -0.109
201506 0.220 99.841 0.343
201509 0.150 101.753 0.230
201512 0.070 102.901 0.106
201603 -0.110 102.518 -0.167
201606 0.180 105.961 0.265
201609 0.170 105.961 0.250
201612 0.060 105.196 0.089
201703 0.120 105.196 0.178
201706 0.140 107.109 0.204
201709 0.140 109.021 0.200
201712 0.380 109.404 0.541
201803 0.210 109.786 0.298
201806 0.360 111.317 0.504
201809 0.472 115.142 0.639
201812 0.260 115.142 0.352
201903 0.448 118.202 0.590
201906 0.340 120.880 0.438
201909 0.220 123.175 0.278
201912 0.340 126.235 0.420
202003 0.212 124.705 0.265
202006 0.520 127.000 0.638
202009 0.580 130.118 0.694
202012 1.460 130.889 1.738
202103 1.260 131.771 1.490
202106 1.100 134.084 1.278
202109 1.460 135.847 1.674
202112 1.220 138.161 1.376
202203 1.292 138.822 1.450
202206 1.240 142.347 1.357
202209 1.560 144.661 1.680
202212 1.720 145.763 1.838
202303 1.538 146.865 1.631
202306 1.760 150.280 1.825
202309 2.140 151.492 2.201
202312 2.560 152.924 2.608
202403 3.326 153.035 3.386
202406 3.060 155.789 3.060

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


Master Trust  (BOM:511768) 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.

Master Trust's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=192.35/3.68
=52.27

* 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 Master Trust was 52.27. The lowest was 0.24. And the median was 14.30.


Be Aware

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


Master Trust E10 Related Terms

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


Master Trust Business Description

Traded in Other Exchanges
N/A
Address
19, Barakhamba Road, 1012, 10th Floor, Arunachal Building, New Delhi, IND, 110001
Master Trust Ltd is a nonbanking financial company based in India. It is engaged in the business of lending, sales, and purchase of securities and lands. It offers services broker-assisted trade execution and automated online investing, life insurance products, commodity futures such as gold and silver and other metals, clearing services for all securities transactions, and other related services. the company operates in two segments which are: Interest and Investment/Trading in Securities & others. The majority of revenue is derived from the Interest segment.

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