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El Forge (BOM:531144) E10 : ₹0.97 (As of Sep. 2024)


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What is El Forge 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.

El Forge's adjusted earnings per share data for the three months ended in Sep. 2024 was ₹0.360. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₹0.97 for the trailing ten years ended in Sep. 2024.

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 (2024-12-14), El Forge's current stock price is ₹40.30. El Forge's E10 for the quarter that ended in Sep. 2024 was ₹0.97. El Forge's Shiller PE Ratio of today is 41.55.

During the past 13 years, the highest Shiller PE Ratio of El Forge was 166.07. The lowest was 24.98. And the median was 42.79.


El Forge E10 Historical Data

The historical data trend for El Forge'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.

El Forge E10 Chart

El Forge 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 - - - -7.83 0.14

El Forge 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 -7.21 -4.36 0.14 0.61 0.97

Competitive Comparison of El Forge's E10

For the Metal Fabrication subindustry, El Forge'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.


El Forge's Shiller PE Ratio Distribution in the Industrial Products Industry

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

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



El Forge 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, El Forge'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)
=0.36/157.8822*157.8822
=0.360

Current CPI (Sep. 2024) = 157.8822.

El Forge Quarterly Data

per share eps CPI Adj_EPS
201412 -1.850 96.780 -3.018
201503 -2.260 97.163 -3.672
201506 -1.290 99.841 -2.040
201509 -1.830 101.753 -2.839
201512 -1.880 102.901 -2.885
201603 -2.900 102.518 -4.466
201606 -1.690 105.961 -2.518
201609 -1.890 105.961 -2.816
201612 -1.640 105.196 -2.461
201703 -2.640 105.196 -3.962
201706 -1.670 107.109 -2.462
201709 -1.100 109.021 -1.593
201712 -1.150 109.404 -1.660
201803 -1.800 109.786 -2.589
201806 -0.840 111.317 -1.191
201809 -0.800 115.142 -1.097
201812 -0.850 115.142 -1.166
201903 13.930 118.202 18.606
201906 -0.770 120.880 -1.006
201909 -1.090 123.175 -1.397
201912 3.340 126.235 4.177
202003 -1.180 124.705 -1.494
202006 -0.130 127.000 -0.162
202009 -0.790 130.118 -0.959
202012 -0.720 130.889 -0.868
202103 1.670 131.771 2.001
202106 -0.740 134.084 -0.871
202109 0.010 135.847 0.012
202112 -0.670 138.161 -0.766
202203 -0.550 138.822 -0.626
202206 -0.390 142.347 -0.433
202209 -0.430 144.661 -0.469
202212 -0.330 145.763 -0.357
202303 0.020 146.865 0.022
202306 0.240 150.280 0.252
202309 0.190 151.492 0.198
202312 0.140 152.924 0.145
202403 34.420 153.035 35.510
202406 0.230 155.789 0.233
202409 0.360 157.882 0.360

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


El Forge  (BOM:531144) 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.

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

Shiller PE Ratio=Share Price/E10
=40.30/0.97
=41.55

* 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 El Forge was 166.07. The lowest was 24.98. And the median was 42.79.


Be Aware

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


El Forge E10 Related Terms

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


El Forge Business Description

Traded in Other Exchanges
N/A
Address
Eldams Road, 21C, A.R.K.Colony, Alwarpet, Chennai, TN, IND, 600018
El Forge Ltd is a manufacturer of forged and semi-machined parts for both Automotive and non-automotive sectors. It is engaged in the business of manufacturing Rough Steel Forgings i.e., fuel injection forgings, steering rods, tie rods, engine and gear boxes, starter items etc. for automobile industry. The company's products include closed die forgings, light-duty crankshafts, connecting rods, rocker arms, transmission parts, wheel hubs, valve parts, claw pokes, brake parts, and socket for ball joint. Its segments are the Manufacture and sale of steel forgings, and Land and Development. The majority of the revenue is derived from the sale of steel forgings.

El Forge Headlines

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