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Suraj (BOM:531638) E10 : ₹4.08 (As of Dec. 2024)


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What is Suraj 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.

Suraj's adjusted earnings per share data for the three months ended in Dec. 2024 was ₹3.840. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₹4.08 for the trailing ten years ended in Dec. 2024.

During the past 12 months, Suraj's average E10 Growth Rate was 29.50% per year. During the past 3 years, the average E10 Growth Rate was 2.50% 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 Suraj was 2.50% per year. The lowest was -30.80% per year. And the median was -14.15% per year.

As of today (2025-04-02), Suraj's current stock price is ₹382.10. Suraj's E10 for the quarter that ended in Dec. 2024 was ₹4.08. Suraj's Shiller PE Ratio of today is 93.65.

During the past 13 years, the highest Shiller PE Ratio of Suraj was 132.99. The lowest was 2.74. And the median was 37.16.


Suraj E10 Historical Data

The historical data trend for Suraj'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.

Suraj E10 Chart

Suraj 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 7.17 3.10 1.87 2.38 3.34

Suraj 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 3.15 3.34 3.59 3.91 4.08

Competitive Comparison of Suraj's E10

For the Steel subindustry, Suraj'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.


Suraj's Shiller PE Ratio Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Suraj's Shiller PE Ratio distribution charts can be found below:

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


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Suraj 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, Suraj'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)
=3.84/158.3229*158.3229
=3.840

Current CPI (Dec. 2024) = 158.3229.

Suraj Quarterly Data

per share eps CPI Adj_EPS
201503 0.984 97.163 1.603
201506 0.380 99.841 0.603
201509 0.260 101.753 0.405
201512 -1.330 102.901 -2.046
201603 0.600 102.518 0.927
201606 -0.083 105.961 -0.124
201609 0.490 105.961 0.732
201612 -0.115 105.196 -0.173
201703 0.020 105.196 0.030
201706 0.070 107.109 0.103
201709 0.170 109.021 0.247
201712 0.081 109.404 0.117
201803 -0.161 109.786 -0.232
201806 0.590 111.317 0.839
201809 0.260 115.142 0.358
201812 0.220 115.142 0.303
201903 -0.340 118.202 -0.455
201906 0.176 120.880 0.231
201909 0.003 123.175 0.004
201912 -0.040 126.235 -0.050
202003 0.390 124.705 0.495
202006 0.050 127.000 0.062
202009 0.180 130.118 0.219
202012 0.120 130.889 0.145
202103 0.360 131.771 0.433
202106 0.230 134.084 0.272
202109 0.380 135.847 0.443
202112 0.570 138.161 0.653
202203 0.380 138.822 0.433
202206 1.070 142.347 1.190
202209 0.960 144.661 1.051
202212 1.930 145.763 2.096
202303 6.630 146.865 7.147
202306 2.620 150.280 2.760
202309 2.300 151.492 2.404
202312 3.670 152.924 3.800
202403 3.130 153.035 3.238
202406 3.100 155.789 3.150
202409 3.520 157.882 3.530
202412 3.840 158.323 3.840

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


Suraj  (BOM:531638) 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.

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

Shiller PE Ratio=Share Price/E10
=382.10/4.08
=93.65

* 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 Suraj was 132.99. The lowest was 2.74. And the median was 37.16.


Be Aware

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


Suraj E10 Related Terms

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


Suraj Business Description

Traded in Other Exchanges
Address
Ashram Road, Suraj House, Opposite Usmanpura Garden, Ahmedabad, GJ, IND, 380014
Suraj Ltd is engaged in manufacturing and exporting of stainless steel, pipes tubes, U tubes, flanges and fittings. The products of the company are Seamless pipes, Instrumentation tubes, Seamless buttweld fitting, Seamless heat exchanger tubes, Seamless heat exchanger U-tubes, and Stainless-steel flanges. The products have applications in the industry segments like pharmaceuticals, dyes and pigments, oil, gas, refinery, and other divisions.

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