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Exide Industries (BOM:500086) E10 : ₹25.90 (As of Dec. 2024)


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What is Exide Industries 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.

Exide Industries's adjusted earnings per share data for the three months ended in Dec. 2024 was ₹1.840. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₹25.90 for the trailing ten years ended in Dec. 2024.

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 (2025-04-06), Exide Industries's current stock price is ₹364.35. Exide Industries's E10 for the quarter that ended in Dec. 2024 was ₹25.90. Exide Industries's Shiller PE Ratio of today is 14.07.

During the past 13 years, the highest Shiller PE Ratio of Exide Industries was 20.17. The lowest was 12.86. And the median was 15.90.


Exide Industries E10 Historical Data

The historical data trend for Exide Industries'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.

Exide Industries E10 Chart

Exide Industries 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 - - - - -

Exide Industries Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 - - - 26.30 25.90

Competitive Comparison of Exide Industries's E10

For the Auto Parts subindustry, Exide Industries'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.


Exide Industries's Shiller PE Ratio Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Exide Industries's Shiller PE Ratio distribution charts can be found below:

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


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Exide Industries 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, Exide Industries's adjusted earnings per share data for the three months ended in Dec. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Dec. 2024 (Change)*Current CPI (Dec. 2024)
=1.84/158.3229*158.3229
=1.840

Current CPI (Dec. 2024) = 158.3229.

Exide Industries Quarterly Data

per share eps CPI Adj_EPS
200603 0.940 45.521 3.269
200703 0.880 48.581 2.868
200803 2.160 52.407 6.525
200903 2.390 56.615 6.684
201003 6.150 65.030 14.973
201103 7.280 70.768 16.287
201203 5.250 76.889 10.810
201303 6.460 85.687 11.936
201403 6.410 91.425 11.100
201503 7.230 97.163 11.781
201603 8.240 102.518 12.725
201703 9.420 105.196 14.177
201803 8.130 109.786 11.724
201806 2.220 111.317 3.157
201809 2.510 115.142 3.451
201812 1.660 115.142 2.283
201903 3.560 118.202 4.768
201906 1.900 120.880 2.489
201909 2.920 123.175 3.753
201912 1.400 126.235 1.756
202003 2.920 124.705 3.707
202006 -0.130 127.000 -0.162
202009 3.030 130.118 3.687
202012 2.840 130.889 3.435
202103 3.790 131.771 4.554
202106 0.390 134.084 0.461
202109 2.310 135.847 2.692
202112 2.100 138.161 2.406
202203 46.580 138.822 53.123
202206 2.390 142.347 2.658
202209 2.830 144.661 3.097
202212 2.340 145.763 2.542
202303 2.120 146.865 2.285
202306 2.620 150.280 2.760
202309 3.160 151.492 3.302
202312 2.360 152.924 2.443
202403 2.170 153.035 2.245
202406 2.590 155.789 2.632
202409 2.720 157.882 2.728
202412 1.840 158.323 1.840

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


Exide Industries  (BOM:500086) 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.

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

Shiller PE Ratio=Share Price/E10
=364.35/25.90
=14.07

* 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 Exide Industries was 20.17. The lowest was 12.86. And the median was 15.90.


Be Aware

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


Exide Industries E10 Related Terms

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


Exide Industries Business Description

Traded in Other Exchanges
Address
59E, Chowringhee Road, Exide House, Kolkata, WB, IND, 700 020
Exide Industries Ltd is an Indian manufacturer of batteries sold under the Exide brand. The company is an original equipment and aftermarket parts supplier of batteries for automotive companies. Exide Industries also provides batteries to the power, telecommunications, infrastructure, computer, railways, mining, and defense sectors. The company's product offerings include different kinds of storage batteries such as Automotive batteries, Inverter batteries, Industrial batteries, Home UPS systems, and others. It operates in a single segment namely, Storage batteries & allied products. The majority of the company's revenue is generated in India.

Exide Industries Headlines

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