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Timken India (BOM:522113) E10 : ₹34.79 (As of Sep. 2024)


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What is Timken India 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.

Timken India's adjusted earnings per share data for the three months ended in Sep. 2024 was ₹11.960. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₹34.79 for the trailing ten years ended in Sep. 2024.

During the past 12 months, Timken India's average E10 Growth Rate was 16.20% per year. During the past 3 years, the average E10 Growth Rate was 8.70% 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 Timken India was 8.70% per year. The lowest was 8.70% per year. And the median was 8.70% per year.

As of today (2024-12-13), Timken India's current stock price is ₹3197.60. Timken India's E10 for the quarter that ended in Sep. 2024 was ₹34.79. Timken India's Shiller PE Ratio of today is 91.91.

During the past 13 years, the highest Shiller PE Ratio of Timken India was 142.75. The lowest was 49.86. And the median was 104.45.


Timken India E10 Historical Data

The historical data trend for Timken India'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.

Timken India E10 Chart

Timken India 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 - 25.20 23.94 27.13 32.41

Timken India 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 29.80 30.87 32.41 33.64 34.79

Competitive Comparison of Timken India's E10

For the Tools & Accessories subindustry, Timken India'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.


Timken India's Shiller PE Ratio Distribution in the Industrial Products Industry

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

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



Timken India 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, Timken India'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)
=11.96/157.8822*157.8822
=11.960

Current CPI (Sep. 2024) = 157.8822.

Timken India Quarterly Data

per share eps CPI Adj_EPS
201412 2.470 96.780 4.029
201503 2.534 97.163 4.118
201506 3.470 99.841 5.487
201509 3.110 101.753 4.826
201512 2.960 102.901 4.542
201603 4.040 102.518 6.222
201606 4.170 105.961 6.213
201609 4.390 105.961 6.541
201612 1.950 105.196 2.927
201703 3.780 105.196 5.673
201706 3.220 107.109 4.746
201709 5.480 109.021 7.936
201712 1.350 109.404 1.948
201803 3.480 109.786 5.005
201806 4.050 111.317 5.744
201809 4.590 115.142 6.294
201812 3.510 115.142 4.813
201903 7.630 118.202 10.191
201906 6.710 120.880 8.764
201909 6.620 123.175 8.485
201912 11.240 126.235 14.058
202003 8.310 124.705 10.521
202006 0.420 127.000 0.522
202009 6.640 130.118 8.057
202012 4.940 130.889 5.959
202103 7.030 131.771 8.423
202106 7.540 134.084 8.878
202109 10.530 135.847 12.238
202112 9.280 138.161 10.605
202203 16.140 138.822 18.356
202206 15.700 142.347 17.413
202209 12.980 144.661 14.166
202212 9.390 145.763 10.171
202303 13.880 146.865 14.921
202306 11.980 150.280 12.586
202309 12.370 151.492 12.892
202312 8.980 152.924 9.271
202403 18.800 153.035 19.396
202406 12.800 155.789 12.972
202409 11.960 157.882 11.960

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


Timken India  (BOM:522113) 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.

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

Shiller PE Ratio=Share Price/E10
=3197.60/34.79
=91.91

* 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 Timken India was 142.75. The lowest was 49.86. And the median was 104.45.


Be Aware

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


Timken India E10 Related Terms

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


Timken India Business Description

Traded in Other Exchanges
Address
Phase II, Hosur Road, No. 39-42, Electronic City, Bangalore, KA, IND, 560100
Timken India Ltd is an India-based company that manufactures, distributes, and services bearings and related components. The company also provides repair and maintenance services for industrial gearboxes. The company's products, predominantly engineered bearings, and mechanical power transmission products, are marketed under brand names including Timken, Beka, Diamond, Drives, and others. The company's clients come from defense, mining, metals, and civil aerospace sectors. Timken India generates the majority of its sales from the Indian domestic market and the rest from the United States of America, and other countries.

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