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Inani Securities (BOM:531672) E10 : ₹1.18 (As of Jun. 2024)


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What is Inani Securities 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.

Inani Securities's adjusted earnings per share data for the three months ended in Jun. 2024 was ₹0.080. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₹1.18 for the trailing ten years ended in Jun. 2024.

During the past 12 months, Inani Securities's average E10 Growth Rate was 18.00% 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.

As of today (2024-09-21), Inani Securities's current stock price is ₹25.06. Inani Securities's E10 for the quarter that ended in Jun. 2024 was ₹1.18. Inani Securities's Shiller PE Ratio of today is 21.24.

During the past 13 years, the highest Shiller PE Ratio of Inani Securities was 42.93. The lowest was 17.74. And the median was 23.94.


Inani Securities E10 Historical Data

The historical data trend for Inani Securities'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.

Inani Securities E10 Chart

Inani Securities 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 - -5.60 0.90 0.98 1.19

Inani Securities Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 1.00 0.93 0.94 1.19 1.18

Competitive Comparison of Inani Securities's E10

For the Capital Markets subindustry, Inani Securities'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.


Inani Securities's Shiller PE Ratio Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Inani Securities's Shiller PE Ratio distribution charts can be found below:

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



Inani Securities 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, Inani Securities's adjusted earnings per share data for the three months ended in Jun. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Jun. 2024 (Change)*Current CPI (Jun. 2024)
=0.08/155.7889*155.7889
=0.080

Current CPI (Jun. 2024) = 155.7889.

Inani Securities Quarterly Data

per share eps CPI Adj_EPS
201409 0.300 96.780 0.483
201412 0.120 96.780 0.193
201503 0.270 97.163 0.433
201506 0.020 99.841 0.031
201509 0.020 101.753 0.031
201512 0.020 102.901 0.030
201603 0.020 102.518 0.030
201606 0.080 105.961 0.118
201609 0.110 105.961 0.162
201612 0.060 105.196 0.089
201703 0.630 105.196 0.933
201706 0.150 107.109 0.218
201709 0.180 109.021 0.257
201712 0.060 109.404 0.085
201803 0.750 109.786 1.064
201806 0.150 111.317 0.210
201809 0.200 115.142 0.271
201812 0.036 115.142 0.049
201903 -0.042 118.202 -0.055
201906 0.311 120.880 0.401
201909 0.190 123.175 0.240
201912 0.080 126.235 0.099
202003 0.230 124.705 0.287
202006 0.110 127.000 0.135
202009 0.200 130.118 0.239
202012 0.190 130.889 0.226
202103 0.320 131.771 0.378
202106 0.270 134.084 0.314
202109 0.350 135.847 0.401
202112 0.360 138.161 0.406
202203 -0.104 138.822 -0.117
202206 0.040 142.347 0.044
202209 1.090 144.661 1.174
202212 0.050 145.763 0.053
202303 -0.190 146.865 -0.202
202306 0.010 150.280 0.010
202309 0.070 151.492 0.072
202312 0.070 152.924 0.071
202403 2.760 153.035 2.810
202406 0.080 155.789 0.080

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


Inani Securities  (BOM:531672) 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.

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

Shiller PE Ratio=Share Price/E10
=25.06/1.18
=21.24

* 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 Inani Securities was 42.93. The lowest was 17.74. And the median was 23.94.


Be Aware

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


Inani Securities E10 Related Terms

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


Inani Securities Business Description

Traded in Other Exchanges
N/A
Address
Senapati Bapat Marg, Office No. 1408, 14th Floor, Naman Midtown, B-Wing, Next to lndiabulls Finance Center, Elphinstone, Mumbai, MH, IND, 400 013
Inani Securities Ltd is engaged in the capital market business sector. The company offers information analysis and research covering Indian businesses, financial markets, and institutional clients. It also focuses on equity, depository participant services, portfolio management services, distribution of mutual funds, and bonds. Geographically, the company operates only in the Indian market which is there only business segment.

Inani Securities Headlines

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