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Mazda (BOM:523792) E10 : ₹51.94 (As of Mar. 2024)


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What is Mazda 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.

Mazda's adjusted earnings per share data for the three months ended in Mar. 2024 was ₹23.390. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₹51.94 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Mazda's average E10 Growth Rate was 12.60% per year. During the past 3 years, the average E10 Growth Rate was 1.00% 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 Mazda was 1.00% per year. The lowest was 1.00% per year. And the median was 1.00% per year.

As of today (2024-06-06), Mazda's current stock price is ₹1321.80. Mazda's E10 for the quarter that ended in Mar. 2024 was ₹51.94. Mazda's Shiller PE Ratio of today is 25.45.

During the past 13 years, the highest Shiller PE Ratio of Mazda was 30.48. The lowest was 8.59. And the median was 14.21.


Mazda E10 Historical Data

The historical data trend for Mazda'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.

Mazda E10 Chart

Mazda 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 - 50.36 42.11 46.13 51.94

Mazda 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 46.13 48.64 49.62 50.71 51.94

Competitive Comparison of Mazda's E10

For the Specialty Industrial Machinery subindustry, Mazda'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.


Mazda's Shiller PE Ratio Distribution in the Industrial Products Industry

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

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



Mazda 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, Mazda'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)
=23.39/153.0345*153.0345
=23.390

Current CPI (Mar. 2024) = 153.0345.

Mazda Quarterly Data

per share eps CPI Adj_EPS
201406 4.180 94.103 6.798
201409 4.840 96.780 7.653
201412 8.230 96.780 13.014
201503 9.120 97.163 14.364
201506 3.540 99.841 5.426
201509 8.270 101.753 12.438
201512 9.320 102.901 13.861
201603 7.140 102.518 10.658
201606 5.300 105.961 7.655
201609 13.710 105.961 19.801
201612 4.490 105.196 6.532
201703 10.970 105.196 15.959
201706 4.010 107.109 5.729
201709 6.700 109.021 9.405
201712 4.510 109.404 6.309
201803 8.970 109.786 12.504
201806 5.050 111.317 6.943
201809 3.760 115.142 4.997
201812 13.410 115.142 17.823
201903 10.900 118.202 14.112
201906 5.750 120.880 7.280
201909 12.170 123.175 15.120
201912 11.980 126.235 14.523
202003 11.600 124.705 14.235
202006 4.270 127.000 5.145
202009 17.110 130.118 20.123
202012 12.480 130.889 14.592
202103 6.910 131.771 8.025
202106 8.540 134.084 9.747
202109 12.860 135.847 14.487
202112 12.040 138.161 13.336
202203 19.600 138.822 21.607
202206 13.720 142.347 14.750
202209 9.730 144.661 10.293
202212 16.500 145.763 17.323
202303 26.530 146.865 27.645
202306 19.220 150.280 19.572
202309 15.460 151.492 15.617
202312 20.630 152.924 20.645
202403 23.390 153.035 23.390

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


Mazda  (BOM:523792) 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.

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

Shiller PE Ratio=Share Price/E10
=1321.80/51.94
=25.45

* 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 Mazda was 30.48. The lowest was 8.59. And the median was 14.21.


Be Aware

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


Mazda E10 Related Terms

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


Mazda (BOM:523792) Business Description

Traded in Other Exchanges
Address
650/1, Panchwati 2nd Lane, Ambawadi, Mazda House, Ahmedabad, GJ, IND, 380 006
Mazda Ltd Company is an India based engineering company. The company's operating segment includes Engineering Products and Food Products. It generates maximum revenue from the Engineering Products segment which includes the manufacturing of Engineering goods like Vaccum Products, Evaporators, Pollution Control Equipment. The Food Products segment includes the manufacturing of Food Products like Food Colour, various Fruit Jams and Fruit Mix Powders and others. Geographically, it derives a majority of revenue from within India.

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