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Reliance Infrastructure (BOM:500390) E10 : ₹-0.08 (As of Dec. 2024)


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What is Reliance Infrastructure 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.

Reliance Infrastructure's adjusted earnings per share data for the three months ended in Dec. 2024 was ₹-83.260. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₹-0.08 for the trailing ten years ended in Dec. 2024.

During the past 12 months, Reliance Infrastructure's average E10 Growth Rate was -100.70% per year. During the past 3 years, the average E10 Growth Rate was -51.50% per year. During the past 5 years, the average E10 Growth Rate was -37.30% 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 Reliance Infrastructure was -20.10% per year. The lowest was -51.50% per year. And the median was -28.00% per year.

As of today (2025-03-30), Reliance Infrastructure's current stock price is ₹258.55. Reliance Infrastructure's E10 for the quarter that ended in Dec. 2024 was ₹-0.08. Reliance Infrastructure's Shiller PE Ratio of today is .

During the past 13 years, the highest Shiller PE Ratio of Reliance Infrastructure was 96.40. The lowest was 0.14. And the median was 2.11.


Reliance Infrastructure E10 Historical Data

The historical data trend for Reliance Infrastructure'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.

Reliance Infrastructure E10 Chart

Reliance Infrastructure 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 63.50 58.88 47.29 23.66 6.70

Reliance Infrastructure 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 11.17 6.70 3.35 11.03 -0.08

Competitive Comparison of Reliance Infrastructure's E10

For the Utilities - Independent Power Producers subindustry, Reliance Infrastructure'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.


Reliance Infrastructure's Shiller PE Ratio Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Reliance Infrastructure's Shiller PE Ratio distribution charts can be found below:

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


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Reliance Infrastructure 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, Reliance Infrastructure'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)
=-83.26/158.3229*158.3229
=-83.260

Current CPI (Dec. 2024) = 158.3229.

Reliance Infrastructure Quarterly Data

per share eps CPI Adj_EPS
201503 17.450 97.163 28.434
201506 15.560 99.841 24.674
201509 16.210 101.753 25.222
201512 9.560 102.901 14.709
201603 -12.450 102.518 -19.227
201606 16.690 105.961 24.938
201609 21.680 105.961 32.393
201612 14.250 105.196 21.447
201703 1.560 105.196 2.348
201706 12.710 107.109 18.787
201709 20.680 109.021 30.032
201712 11.460 109.404 16.584
201803 6.090 109.786 8.782
201806 9.510 111.317 13.526
201809 8.800 115.142 12.100
201812 11.170 115.142 15.359
201903 -121.770 118.202 -163.102
201906 11.370 120.880 14.892
201909 10.660 123.175 13.702
201912 13.140 126.235 16.480
202003 -5.850 124.705 -7.427
202006 -10.970 127.000 -13.676
202009 -10.550 130.118 -12.837
202012 3.040 130.889 3.677
202103 61.260 131.771 73.604
202106 -3.620 134.084 -4.274
202109 -11.640 135.847 -13.566
202112 -4.770 138.161 -5.466
202203 -17.950 138.822 -20.472
202206 -3.280 142.347 -3.648
202209 -6.170 144.661 -6.753
202212 -9.820 145.763 -10.666
202303 -93.590 146.865 -100.892
202306 -19.130 150.280 -20.154
202309 -8.210 151.492 -8.580
202312 -10.090 152.924 -10.446
202403 -5.230 153.035 -5.411
202406 -5.900 155.789 -5.996
202409 103.060 157.882 103.348
202412 -83.260 158.323 -83.260

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


Reliance Infrastructure  (BOM:500390) 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.

During the past 13 years, the highest Shiller P/E Ratio of Reliance Infrastructure was 96.40. The lowest was 0.14. And the median was 2.11.


Be Aware

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


Reliance Infrastructure E10 Related Terms

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


Reliance Infrastructure Business Description

Traded in Other Exchanges
Address
19, Walchand Hirachand Marg, Reliance Centre, Ground Floor, Ballard Estate, Mumbai, MH, IND, 400001
Reliance Infrastructure Ltd, or RInfra, is an Indian company operating in the country's utilities and infrastructure sectors. The company segments its activities into Power, Engineering and Construction (E&C), and Infrastructure. Reliance Infrastructure's key revenue is derived from electricity sales and transmission charges issued by its Power division. This unit is involved in the generation, transmission, distribution, and trading of energy in India. RInfra's Power Business utilizes thermal power plants that operate on natural gas and coal to then distribute electricity to urban markets, such as Mumbai and Delhi.

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