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Dalal Street Investments (BOM:501148) E10 : ₹54.25 (As of Sep. 2024)


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What is Dalal Street Investments 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.

Dalal Street Investments's adjusted earnings per share data for the three months ended in Sep. 2024 was ₹11.320. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₹54.25 for the trailing ten years ended in Sep. 2024.

During the past 12 months, Dalal Street Investments's average E10 Growth Rate was 7.50% per year. During the past 3 years, the average E10 Growth Rate was 6.30% 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 Dalal Street Investments was 6.30% per year. The lowest was 6.30% per year. And the median was 6.30% per year.

As of today (2024-12-11), Dalal Street Investments's current stock price is ₹630.45. Dalal Street Investments's E10 for the quarter that ended in Sep. 2024 was ₹54.25. Dalal Street Investments's Shiller PE Ratio of today is 11.62.

During the past 13 years, the highest Shiller PE Ratio of Dalal Street Investments was 12.60. The lowest was 4.56. And the median was 5.91.


Dalal Street Investments E10 Historical Data

The historical data trend for Dalal Street Investments'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.

Dalal Street Investments E10 Chart

Dalal Street Investments 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 - 42.17 47.30 47.74 50.60

Dalal Street Investments Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 50.47 51.45 50.60 52.34 54.25

Competitive Comparison of Dalal Street Investments's E10

For the Capital Markets subindustry, Dalal Street Investments'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.


Dalal Street Investments's Shiller PE Ratio Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Dalal Street Investments's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Dalal Street Investments's Shiller PE Ratio falls into.



Dalal Street Investments 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, Dalal Street Investments's adjusted earnings per share data for the three months ended in Sep. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Sep. 2024 (Change)*Current CPI (Sep. 2024)
=11.32/157.8822*157.8822
=11.320

Current CPI (Sep. 2024) = 157.8822.

Dalal Street Investments Quarterly Data

per share eps CPI Adj_EPS
201412 -2.710 96.780 -4.421
201503 -4.530 97.163 -7.361
201506 -5.510 99.841 -8.713
201509 -5.010 101.753 -7.774
201512 5.800 102.901 8.899
201603 -60.640 102.518 -93.388
201606 -5.750 105.961 -8.568
201609 11.610 105.961 17.299
201612 -4.720 105.196 -7.084
201703 -3.030 105.196 -4.548
201706 -1.260 107.109 -1.857
201709 -8.265 109.021 -11.969
201712 215.080 109.404 310.385
201803 169.190 109.786 243.310
201806 -1.690 111.317 -2.397
201809 12.330 115.142 16.907
201812 -32.570 115.142 -44.660
201903 90.350 118.202 120.680
201906 0.820 120.880 1.071
201909 -1.250 123.175 -1.602
201912 0.970 126.235 1.213
202003 0.630 124.705 0.798
202006 -1.490 127.000 -1.852
202009 -1.390 130.118 -1.687
202012 11.950 130.889 14.414
202103 -4.680 131.771 -5.607
202106 6.500 134.084 7.654
202109 1.120 135.847 1.302
202112 1.990 138.161 2.274
202203 -8.850 138.822 -10.065
202206 -6.200 142.347 -6.877
202209 -6.820 144.661 -7.443
202212 14.520 145.763 15.727
202303 0.740 146.865 0.796
202306 -1.870 150.280 -1.965
202309 10.390 151.492 10.828
202312 1.790 152.924 1.848
202403 -6.430 153.035 -6.634
202406 2.190 155.789 2.219
202409 11.320 157.882 11.320

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


Dalal Street Investments  (BOM:501148) 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.

Dalal Street Investments's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=630.45/54.25
=11.62

* 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 Dalal Street Investments was 12.60. The lowest was 4.56. And the median was 5.91.


Be Aware

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


Dalal Street Investments E10 Related Terms

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


Dalal Street Investments Business Description

Traded in Other Exchanges
N/A
Address
409 Dev Plaza, S.V. Road, Opposite Fire Brigade, Andheri West, Mumbai, MH, IND, 400058
Dalal Street Investments Ltd engages in the business of trading and investments in shares and securities. It finances industrial enterprises and promotes companies engaged in industrial and trading business. It also manages investment pools, mutual funds, syndicates in shares, and stocks. The company operates within India.

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