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ACC (BOM:500410) E10 : ₹87.21 (As of Dec. 2024)


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What is ACC 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.

ACC's adjusted earnings per share data for the three months ended in Dec. 2024 was ₹57.980. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₹87.21 for the trailing ten years ended in Dec. 2024.

During the past 12 months, ACC's average E10 Growth Rate was 8.40% per year. During the past 3 years, the average E10 Growth Rate was -0.70% 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 ACC was -0.70% per year. The lowest was -18.00% per year. And the median was -9.35% per year.

As of today (2025-04-05), ACC's current stock price is ₹1967.30. ACC's E10 for the quarter that ended in Dec. 2024 was ₹87.21. ACC's Shiller PE Ratio of today is 22.56.

During the past 13 years, the highest Shiller PE Ratio of ACC was 33.82. The lowest was 6.86. And the median was 25.24.


ACC E10 Historical Data

The historical data trend for ACC'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.

ACC E10 Chart

ACC Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Mar24
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 139.47 84.77 79.07 76.84 83.07

ACC Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 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 80.44 83.07 82.86 82.86 87.21

Competitive Comparison of ACC's E10

For the Building Materials subindustry, ACC'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.


ACC's Shiller PE Ratio Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, ACC's Shiller PE Ratio distribution charts can be found below:

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


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ACC 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, ACC'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)
=57.98/158.3229*158.3229
=57.980

Current CPI (Dec. 2024) = 158.3229.

ACC Quarterly Data

per share eps CPI Adj_EPS
201412 17.330 96.780 28.350
201503 12.570 97.163 20.482
201506 7.090 99.841 11.243
201509 6.120 101.753 9.522
201512 5.440 102.901 8.370
201603 12.310 102.518 19.011
201606 13.070 105.961 19.529
201609 4.770 105.961 7.127
201612 4.830 105.196 7.269
201703 11.210 105.196 16.871
201706 17.330 107.109 25.616
201709 9.640 109.021 13.999
201712 10.920 109.404 15.803
201803 13.300 109.786 19.180
201806 17.460 111.317 24.833
201809 11.110 115.142 15.277
201812 38.900 115.142 53.488
201903 14.520 118.202 19.448
201906 24.200 120.880 31.696
201909 16.070 123.175 20.656
201912 14.520 126.235 18.211
202003 17.160 124.705 21.786
202006 14.390 127.000 17.939
202009 19.330 130.118 23.520
202012 25.090 130.889 30.349
202103 29.880 131.771 35.901
202106 30.240 134.084 35.707
202109 23.910 135.847 27.866
202112 14.910 138.161 17.086
202203 21.050 138.822 24.007
202206 12.070 142.347 13.425
202209 -4.650 144.661 -5.089
202212 6.010 145.763 6.528
202306 24.760 150.280 26.085
202309 20.600 151.492 21.529
202312 28.550 152.924 29.558
202403 50.180 153.035 51.914
202406 19.190 155.789 19.502
202409 10.520 157.882 10.549
202412 57.980 158.323 57.980

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


ACC  (BOM:500410) 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.

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

Shiller PE Ratio=Share Price/E10
=1967.30/87.21
=22.56

* 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 ACC was 33.82. The lowest was 6.86. And the median was 25.24.


Be Aware

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


ACC E10 Related Terms

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


ACC Business Description

Traded in Other Exchanges
Address
S.G. Highway, Adani Corporate House, Shantigram, Near Vaishnodevi Circle, Khodiyar, Ahmedabad, GJ, IND, 382421
ACC Ltd manufactures and sells cement, concrete, and cement-related products under the ACC brand. The firm operates in two segments based on the product: Cement and Ready Mix Concrete. The Cement segment, which generates the vast majority of revenue, sells cement to the construction and building industries as well as home improvement retailers. The Ready Mix Concrete segment sells concrete for infrastructure, industrial construction, and mass housing projects. Nearly all of the firm's revenue comes from India.

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