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SEPC (BOM:532945) E10 : ₹6.43 (As of Dec. 2023)


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What is SEPC 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.

SEPC's adjusted earnings per share data for the three months ended in Dec. 2023 was ₹0.040. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₹6.43 for the trailing ten years ended in Dec. 2023.

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 (2024-05-20), SEPC's current stock price is ₹19.42. SEPC's E10 for the quarter that ended in Dec. 2023 was ₹6.43. SEPC's Shiller PE Ratio of today is 3.02.

During the past 13 years, the highest Shiller PE Ratio of SEPC was 4.03. The lowest was 1.21. And the median was 2.73.


SEPC E10 Historical Data

The historical data trend for SEPC'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.

SEPC E10 Chart

SEPC Annual Data
Trend Mar12 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - -

SEPC 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 - - 7.64 7.43 6.43

Competitive Comparison of SEPC's E10

For the Engineering & Construction subindustry, SEPC'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.


SEPC's Shiller PE Ratio Distribution in the Construction Industry

For the Construction industry and Industrials sector, SEPC's Shiller PE Ratio distribution charts can be found below:

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



SEPC 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, SEPC'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)
=0.04/152.9243*152.9243
=0.040

Current CPI (Dec. 2023) = 152.9243.

SEPC Quarterly Data

per share eps CPI Adj_EPS
200803 9.630 52.407 28.101
200903 9.520 56.615 25.715
201003 13.930 65.030 32.758
201103 16.840 70.768 36.390
201203 9.370 76.889 18.636
201212 0.976 83.774 1.782
201312 -2.761 91.425 -4.618
201403 -85.806 91.425 -143.526
201503 56.920 97.163 89.586
201603 -8.950 102.518 -13.351
201609 -0.651 105.961 -0.940
201612 -0.306 105.196 -0.445
201703 0.030 105.196 0.044
201706 0.039 107.109 0.056
201709 0.030 109.021 0.042
201712 0.158 109.404 0.221
201803 -0.355 109.786 -0.494
201806 0.059 111.317 0.081
201809 0.207 115.142 0.275
201812 0.010 115.142 0.013
201903 0.034 118.202 0.044
201906 0.069 120.880 0.087
201909 0.030 123.175 0.037
201912 0.039 126.235 0.047
202003 -0.922 124.705 -1.131
202006 -0.303 127.000 -0.365
202009 -0.306 130.118 -0.360
202012 -0.611 130.889 -0.714
202103 -0.596 131.771 -0.692
202106 -0.355 134.084 -0.405
202109 -0.266 135.847 -0.299
202112 -0.671 138.161 -0.743
202203 -1.391 138.822 -1.532
202206 -0.307 142.347 -0.330
202209 0.366 144.661 0.387
202212 0.030 145.763 0.031
202303 -0.170 146.865 -0.177
202306 0.040 150.280 0.041
202309 0.040 151.492 0.040
202312 0.040 152.924 0.040

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


SEPC  (BOM:532945) 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.

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

Shiller PE Ratio=Share Price/E10
=19.42/6.43
=3.02

* 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 SEPC was 4.03. The lowest was 1.21. And the median was 2.73.


Be Aware

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


SEPC E10 Related Terms

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


SEPC (BOM:532945) Business Description

Traded in Other Exchanges
Address
Venkatnarayana Road, Parthasarathy Puram, Old No. 56/L, New No. 10/1, 4th Floor, Bascon Futura SV IT Park, T. Nagar, Chennai, TN, IND, 600017
SEPC Ltd engages in the provision of design, engineering, procurement, construction, and project management services. The company is focused on providing turnkey solutions in various divisions such as process and metallurgy, power industry, water infrastructure and mining and mineral processing.

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