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Khandwala Securities (BOM:531892) E10 : ₹-0.54 (As of Dec. 2024)


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What is Khandwala 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.

Khandwala Securities's adjusted earnings per share data for the three months ended in Dec. 2024 was ₹0.350. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₹-0.54 for the trailing ten years ended in Dec. 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 (2025-04-07), Khandwala Securities's current stock price is ₹20.68. Khandwala Securities's E10 for the quarter that ended in Dec. 2024 was ₹-0.54. Khandwala Securities's Shiller PE Ratio of today is .


Khandwala Securities E10 Historical Data

The historical data trend for Khandwala 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.

Khandwala Securities E10 Chart

Khandwala 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 - - -0.41 -0.47 -0.66

Khandwala Securities 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 -0.62 -0.66 -0.59 -0.58 -0.54

Competitive Comparison of Khandwala Securities's E10

For the Capital Markets subindustry, Khandwala 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.


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

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

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


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Khandwala 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, Khandwala Securities'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)
=0.35/158.3229*158.3229
=0.350

Current CPI (Dec. 2024) = 158.3229.

Khandwala Securities Quarterly Data

per share eps CPI Adj_EPS
201312 -0.140 91.425 -0.242
201403 -0.040 91.425 -0.069
201406 0.440 94.103 0.740
201409 0.050 96.780 0.082
201412 -0.080 96.780 -0.131
201503 -0.210 97.163 -0.342
201506 -0.040 99.841 -0.063
201509 -0.060 101.753 -0.093
201512 -0.370 102.901 -0.569
201603 -0.120 102.518 -0.185
201606 -0.070 105.961 -0.105
201609 0.050 105.961 0.075
201703 0.030 105.196 0.045
201803 -0.620 109.786 -0.894
201809 0.910 115.142 1.251
201812 -0.410 115.142 -0.564
201903 -0.130 118.202 -0.174
201906 -0.340 120.880 -0.445
201909 -0.500 123.175 -0.643
201912 -0.170 126.235 -0.213
202003 -1.990 124.705 -2.526
202006 0.020 127.000 0.025
202009 0.230 130.118 0.280
202012 -0.690 130.889 -0.835
202103 -0.930 131.771 -1.117
202106 0.100 134.084 0.118
202109 0.100 135.847 0.117
202112 -0.360 138.161 -0.413
202203 0.270 138.822 0.308
202206 -0.210 142.347 -0.234
202209 0.290 144.661 0.317
202212 1.290 145.763 1.401
202303 -1.130 146.865 -1.218
202306 0.090 150.280 0.095
202309 0.070 151.492 0.073
202312 0.180 152.924 0.186
202403 -0.230 153.035 -0.238
202406 0.310 155.789 0.315
202409 0.150 157.882 0.150
202412 0.350 158.323 0.350

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


Khandwala Securities  (BOM:531892) 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.


Be Aware

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


Khandwala Securities E10 Related Terms

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


Khandwala Securities Business Description

Traded in Other Exchanges
Address
Green Street, Ground Floor, Vikas Building, Fort, Mumbai, MH, IND, 400 023
Khandwala Securities Ltd is engaged in the capital market business sector. The company offers services such as Stock Broking Services, Investment Banking, Portfolio Management Services, Research Analysts, and Investment Advisory Services. The company is organized into two segments - Fee-based and Investment/Trading In Stock. The Fee-based division provides financial advisory services for mergers and acquisitions, equity and debt issue management, portfolio management, and broking. The investment and Stock division carries out trading, investing, and speculation activities in capital markets (debt and equity) for the company.

Khandwala Securities Headlines

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