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GFL (NSE:GFLLIMITED) E10 : ₹54.96 (As of Dec. 2023)


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What is GFL 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.

GFL's adjusted earnings per share data for the three months ended in Dec. 2023 was ₹0.140. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₹54.96 for the trailing ten years ended in Dec. 2023.

During the past 12 months, GFL's average E10 Growth Rate was 51.90% 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 (2024-05-14), GFL's current stock price is ₹77.10. GFL's E10 for the quarter that ended in Dec. 2023 was ₹54.96. GFL's Shiller PE Ratio of today is 1.40.

During the past 13 years, the highest Shiller PE Ratio of GFL was 2.03. The lowest was 0.80. And the median was 1.32.


GFL E10 Historical Data

The historical data trend for GFL'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.

GFL E10 Chart

GFL Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 64.50 40.92 54.57

GFL 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 36.30 54.57 54.88 54.80 54.96

Competitive Comparison of GFL's E10

For the Entertainment subindustry, GFL'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.


GFL's Shiller PE Ratio Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, GFL's Shiller PE Ratio distribution charts can be found below:

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



GFL 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, GFL'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)
=0.14/153.2548*153.2548
=0.140

Current CPI (Dec. 2023) = 153.2548.

GFL Quarterly Data

per share eps CPI Adj_EPS
201403 4.210 91.425 7.057
201406 4.020 94.103 6.547
201409 9.690 96.780 15.344
201412 9.740 96.780 15.424
201503 29.830 97.163 47.051
201506 7.830 99.841 12.019
201509 9.780 101.753 14.730
201512 7.500 102.901 11.170
201603 20.200 102.518 30.197
201606 5.840 105.961 8.447
201609 10.100 105.961 14.608
201612 10.430 105.196 15.195
201703 -6.840 105.196 -9.965
201706 5.218 107.109 7.466
201709 6.508 109.021 9.148
201712 6.390 109.404 8.951
201803 5.660 109.786 7.901
201806 13.340 111.317 18.366
201809 42.005 115.142 55.909
201812 12.534 115.142 16.683
201903 52.913 118.202 68.604
201906 10.230 120.880 12.970
201909 -0.339 123.175 -0.422
201912 0.770 126.235 0.935
202003 -12.418 124.705 -15.261
202006 -9.330 127.000 -11.259
202009 -3.242 130.118 -3.818
202012 -9.260 130.889 -10.842
202103 -3.919 131.771 -4.558
202106 -5.073 134.084 -5.798
202109 -3.999 135.847 -4.511
202112 -0.020 138.161 -0.022
202203 -1.101 138.822 -1.215
202206 5.220 142.347 5.620
202209 -3.660 144.661 -3.877
202212 -3.680 145.763 -3.869
202303 205.572 146.865 214.517
202306 -1.110 150.280 -1.132
202309 2.150 151.492 2.175
202312 0.140 153.255 0.140

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


GFL  (NSE:GFLLIMITED) 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.

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

Shiller PE Ratio=Share Price/E10
=77.10/54.96
=1.40

* 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 GFL was 2.03. The lowest was 0.80. And the median was 1.32.


Be Aware

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


GFL E10 Related Terms

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


GFL (NSE:GFLLIMITED) Business Description

Traded in Other Exchanges
Address
Dr. Annie Besant Road, Ceejay House, 7th Floor, Worli, Mumbai, MH, IND, 400018
GFL Ltd is an investment holding company. The company's only segment is Theatrical Exhibition. It includes operating and managing multiplex cinema theatres. It generates maximum revenue from the box office followed by food and beverages.

GFL (NSE:GFLLIMITED) Headlines

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