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Delta Manufacturing (BOM:504286) E10 : ₹-6.17 (As of Mar. 2024)


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What is Delta Manufacturing 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.

Delta Manufacturing's adjusted earnings per share data for the three months ended in Mar. 2024 was ₹-2.690. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₹-6.17 for the trailing ten years ended in Mar. 2024.

During the past 3 years, the average E10 Growth Rate was -24.70% 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 Delta Manufacturing was -24.70% per year. The lowest was -24.70% per year. And the median was -24.70% per year.

As of today (2024-06-19), Delta Manufacturing's current stock price is ₹98.60. Delta Manufacturing's E10 for the quarter that ended in Mar. 2024 was ₹-6.17. Delta Manufacturing's Shiller PE Ratio of today is .

During the past 13 years, the highest Shiller PE Ratio of Delta Manufacturing was 393.18. The lowest was 0.00. And the median was 354.55.


Delta Manufacturing E10 Historical Data

The historical data trend for Delta Manufacturing'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.

Delta Manufacturing E10 Chart

Delta Manufacturing 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 - -3.18 -3.00 -4.37 -6.17

Delta Manufacturing Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 -4.37 -5.04 -5.60 -5.71 -6.17

Competitive Comparison of Delta Manufacturing's E10

For the Specialty Industrial Machinery subindustry, Delta Manufacturing'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.


Delta Manufacturing's Shiller PE Ratio Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Delta Manufacturing's Shiller PE Ratio distribution charts can be found below:

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



Delta Manufacturing 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, Delta Manufacturing's adjusted earnings per share data for the three months ended in Mar. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=-2.69/153.0345*153.0345
=-2.690

Current CPI (Mar. 2024) = 153.0345.

Delta Manufacturing Quarterly Data

per share eps CPI Adj_EPS
201406 2.380 94.103 3.870
201409 1.720 96.780 2.720
201412 0.580 96.780 0.917
201503 -2.790 97.163 -4.394
201506 -0.230 99.841 -0.353
201509 -5.930 101.753 -8.919
201512 -2.350 102.901 -3.495
201603 -2.030 102.518 -3.030
201606 -1.100 105.961 -1.589
201609 -0.550 105.961 -0.794
201612 -2.670 105.196 -3.884
201703 -2.410 105.196 -3.506
201706 -0.040 107.109 -0.057
201709 -0.510 109.021 -0.716
201712 -2.840 109.404 -3.973
201803 -1.650 109.786 -2.300
201806 0.820 111.317 1.127
201809 0.490 115.142 0.651
201812 -1.740 115.142 -2.313
201903 -3.539 118.202 -4.582
201906 -1.560 120.880 -1.975
201909 -2.860 123.175 -3.553
201912 -3.790 126.235 -4.595
202003 -3.130 124.705 -3.841
202006 -4.830 127.000 -5.820
202009 -3.160 130.118 -3.717
202012 -2.030 130.889 -2.373
202103 3.830 131.771 4.448
202106 20.390 134.084 23.272
202109 -0.150 135.847 -0.169
202112 -2.370 138.161 -2.625
202203 -0.110 138.822 -0.121
202206 -5.920 142.347 -6.364
202209 -4.640 144.661 -4.909
202212 -2.610 145.763 -2.740
202303 -2.260 146.865 -2.355
202306 -2.330 150.280 -2.373
202309 -2.320 151.492 -2.344
202312 -2.230 152.924 -2.232
202403 -2.690 153.035 -2.690

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


Delta Manufacturing  (BOM:504286) 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 Delta Manufacturing was 393.18. The lowest was 0.00. And the median was 354.55.


Be Aware

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


Delta Manufacturing E10 Related Terms

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


Delta Manufacturing (BOM:504286) Business Description

Traded in Other Exchanges
Address
Tardeo Road, Bayside Mall, 2nd Floor, Opposite Sobo Central Mall, Haji Ali, Mumbai, MH, IND, 400 034
Delta Manufacturing Ltd is a manufacturer of hard ferrite magnets. The company along with its subsidiaries manufactures ceramic magnets used in the automotive sector; soft ferrites that serve the electronics and automotive sector and also has a distribution house that deals in various kinds of magnets and magnet materials that are useful for various industries including electronics, retail, non-conventional energy, aerospace and automotive. Its operating segment includes Hard ferrites; Soft ferrites; Textiles and MagDev. The majority of the revenue is derived from the Textiles segment.

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