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Duncan Engineering (BOM:504908) E10 : ₹4.23 (As of Mar. 2024)


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What is Duncan Engineering 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.

Duncan Engineering's adjusted earnings per share data for the three months ended in Mar. 2024 was ₹5.410. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₹4.23 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Duncan Engineering's average E10 Growth Rate was 164.40% 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.

As of today (2024-06-20), Duncan Engineering's current stock price is ₹530.30. Duncan Engineering's E10 for the quarter that ended in Mar. 2024 was ₹4.23. Duncan Engineering's Shiller PE Ratio of today is 125.37.

During the past 13 years, the highest Shiller PE Ratio of Duncan Engineering was 1115.28. The lowest was 26.92. And the median was 210.44.


Duncan Engineering E10 Historical Data

The historical data trend for Duncan Engineering'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.

Duncan Engineering E10 Chart

Duncan Engineering 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 - -5.18 -0.84 1.60 4.23

Duncan Engineering Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 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 1.71 1.60 2.49 3.29 4.23

Competitive Comparison of Duncan Engineering's E10

For the Specialty Industrial Machinery subindustry, Duncan Engineering'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.


Duncan Engineering's Shiller PE Ratio Distribution in the Industrial Products Industry

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

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



Duncan Engineering 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, Duncan Engineering'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)
=5.41/153.0345*153.0345
=5.410

Current CPI (Mar. 2024) = 153.0345.

Duncan Engineering Quarterly Data

per share eps CPI Adj_EPS
201403 7.630 91.425 12.772
201406 -5.500 94.103 -8.944
201409 -2.920 96.780 -4.617
201412 -5.210 96.780 -8.238
201503 -2.720 97.163 -4.284
201506 -2.040 99.841 -3.127
201509 -1.230 101.753 -1.850
201512 -2.890 102.901 -4.298
201603 -12.590 102.518 -18.794
201606 -4.880 105.961 -7.048
201609 -5.130 105.961 -7.409
201612 -2.250 105.196 -3.273
201703 -3.630 105.196 -5.281
201706 -0.700 107.109 -1.000
201709 0.640 109.021 0.898
201712 -0.340 109.404 -0.476
201803 0.630 109.786 0.878
201806 2.170 111.317 2.983
201809 1.810 115.142 2.406
201812 0.190 115.142 0.253
201903 3.350 118.202 4.337
201906 2.860 120.880 3.621
201909 5.970 123.175 7.417
201912 2.170 126.235 2.631
202003 -2.180 124.705 -2.675
202006 -2.110 127.000 -2.543
202009 4.460 130.118 5.246
202012 3.050 130.889 3.566
202103 16.220 131.771 18.837
202106 2.090 134.084 2.385
202109 3.850 135.847 4.337
202112 4.030 138.161 4.464
202203 6.930 138.822 7.639
202206 5.460 142.347 5.870
202209 9.000 144.661 9.521
202212 6.440 145.763 6.761
202303 5.900 146.865 6.148
202309 4.350 151.492 4.394
202312 3.380 152.924 3.382
202403 5.410 153.035 5.410

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


Duncan Engineering  (BOM:504908) 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.

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

Shiller PE Ratio=Share Price/E10
=530.30/4.23
=125.37

* 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 Duncan Engineering was 1115.28. The lowest was 26.92. And the median was 210.44.


Be Aware

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


Duncan Engineering E10 Related Terms

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


Duncan Engineering (BOM:504908) Business Description

Traded in Other Exchanges
N/A
Address
F-33, MIDC, Ranjangaon, Koregoan, Shirur, Pune, MH, IND, 412 220
Duncan Engineering Ltd is engaged in the manufacturing and assembling of fluid power and automation products. Its business segment is Fluid power automation, Automotive Tyres Valves and Accessories. The products offered by the group are Hydraulic cylinders, Pneumatic valves. Air cylinders, Rotary Actuator, Limit switch box, Control panels and others. The company has a business presence in India and Outside India. The majority of the revenue is generated from India.

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