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Heritage Foods (BOM:519552) E10 : ₹12.32 (As of Dec. 2024)


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What is Heritage Foods 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.

Heritage Foods's adjusted earnings per share data for the three months ended in Dec. 2024 was ₹4.640. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₹12.32 for the trailing ten years ended in Dec. 2024.

During the past 12 months, Heritage Foods's average E10 Growth Rate was 20.40% 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 (2025-03-28), Heritage Foods's current stock price is ₹397.15. Heritage Foods's E10 for the quarter that ended in Dec. 2024 was ₹12.32. Heritage Foods's Shiller PE Ratio of today is 32.24.

During the past 13 years, the highest Shiller PE Ratio of Heritage Foods was 62.37. The lowest was 13.57. And the median was 22.67.


Heritage Foods E10 Historical Data

The historical data trend for Heritage Foods'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.

Heritage Foods E10 Chart

Heritage Foods 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 - - 9.65 9.88 10.61

Heritage Foods 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 10.29 10.61 11.33 11.92 12.32

Competitive Comparison of Heritage Foods's E10

For the Packaged Foods subindustry, Heritage Foods'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.


Heritage Foods's Shiller PE Ratio Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Heritage Foods's Shiller PE Ratio distribution charts can be found below:

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


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Heritage Foods 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, Heritage Foods'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)
=4.64/158.3229*158.3229
=4.640

Current CPI (Dec. 2024) = 158.3229.

Heritage Foods Quarterly Data

per share eps CPI Adj_EPS
201503 1.392 97.163 2.268
201506 1.171 99.841 1.857
201509 1.671 101.753 2.600
201512 1.242 102.901 1.911
201603 1.897 102.518 2.930
201606 1.803 105.961 2.694
201609 0.870 105.961 1.300
201612 2.196 105.196 3.305
201703 24.377 105.196 36.688
201706 2.028 107.109 2.998
201709 0.796 109.021 1.156
201712 1.780 109.404 2.576
201803 2.257 109.786 3.255
201806 2.272 111.317 3.231
201809 2.211 115.142 3.040
201812 2.064 115.142 2.838
201903 2.353 118.202 3.152
201906 2.186 120.880 2.863
201909 1.557 123.175 2.001
201912 1.597 126.235 2.003
202003 -22.865 124.705 -29.029
202006 10.538 127.000 13.137
202009 0.319 130.118 0.388
202012 2.880 130.889 3.484
202103 2.652 131.771 3.186
202106 3.311 134.084 3.910
202109 3.580 135.847 4.172
202112 2.277 138.161 2.609
202203 1.382 138.822 1.576
202206 0.800 142.347 0.890
202209 2.080 144.661 2.276
202212 1.500 145.763 1.629
202303 1.960 146.865 2.113
202306 1.800 150.280 1.896
202309 2.420 151.492 2.529
202312 2.900 152.924 3.002
202403 4.360 153.035 4.511
202406 6.300 155.789 6.402
202409 5.240 157.882 5.255
202412 4.640 158.323 4.640

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


Heritage Foods  (BOM:519552) 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.

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

Shiller PE Ratio=Share Price/E10
=397.15/12.32
=32.24

* 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 Heritage Foods was 62.37. The lowest was 13.57. And the median was 22.67.


Be Aware

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


Heritage Foods E10 Related Terms

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


Heritage Foods Business Description

Traded in Other Exchanges
Address
Road No-1 & 65, Jubilee Hills, Road No-1 & 65, Jubilee Hills, Plot No. 1286, Hyderabad, TG, IND, 500033
Heritage Foods Ltd is engaged in the food-related and renewable energy business. The company's operating segments are Dairy Vertical, Renewable energy vertical, and Feed vertical. Dairy Vertical is engaged in the manufacturing and marketing of milk, curd, buttermilk, lassi, ice cream, paneer, table butter, milk powder, and others. Renewable energy vertical produces power for captive consumption through its solar and wind power plants, and the Feed vertical is engaged in the manufacturing of cattle and fish feeds. It generates a majority of its revenue from the Dairy Vertical segment. Geographically, the company derives a majority of its revenue from its business in India.

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