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Gujarat State Financial (BOM:532160) E10 : ₹-16.72 (As of Sep. 2024)


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What is Gujarat State Financial 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.

Gujarat State Financial's adjusted earnings per share data for the three months ended in Sep. 2024 was ₹-3.530. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₹-16.72 for the trailing ten years ended in Sep. 2024.

During the past 3 years, the average E10 Growth Rate was 7.30% 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 Gujarat State Financial was 7.30% per year. The lowest was 7.30% per year. And the median was 7.30% per year.

As of today (2024-12-13), Gujarat State Financial's current stock price is ₹23.60. Gujarat State Financial's E10 for the quarter that ended in Sep. 2024 was ₹-16.72. Gujarat State Financial's Shiller PE Ratio of today is .


Gujarat State Financial E10 Historical Data

The historical data trend for Gujarat State Financial'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.

Gujarat State Financial E10 Chart

Gujarat State Financial 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 - -20.87 -16.62 -16.71 -16.61

Gujarat State Financial 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 -16.80 -16.79 -16.61 -16.67 -16.72

Competitive Comparison of Gujarat State Financial's E10

For the Credit Services subindustry, Gujarat State Financial'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.


Gujarat State Financial's Shiller PE Ratio Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Gujarat State Financial's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Gujarat State Financial's Shiller PE Ratio falls into.



Gujarat State Financial 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, Gujarat State Financial'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)
=-3.53/157.8822*157.8822
=-3.530

Current CPI (Sep. 2024) = 157.8822.

Gujarat State Financial Quarterly Data

per share eps CPI Adj_EPS
201412 -4.050 96.780 -6.607
201503 0.170 97.163 0.276
201506 -3.360 99.841 -5.313
201509 -2.850 101.753 -4.422
201512 -3.450 102.901 -5.293
201603 -2.120 102.518 -3.265
201606 -3.310 105.961 -4.932
201609 -3.210 105.961 -4.783
201612 -3.360 105.196 -5.043
201703 -3.270 105.196 -4.908
201706 -3.270 107.109 -4.820
201709 -3.250 109.021 -4.707
201712 -3.290 109.404 -4.748
201803 -3.150 109.786 -4.530
201806 -3.320 111.317 -4.709
201809 -3.140 115.142 -4.306
201812 -3.250 115.142 -4.456
201903 -3.180 118.202 -4.248
201906 -2.980 120.880 -3.892
201909 -3.300 123.175 -4.230
201912 -3.420 126.235 -4.277
202003 -3.470 124.705 -4.393
202006 -3.470 127.000 -4.314
202009 -3.360 130.118 -4.077
202012 -3.630 130.889 -4.379
202103 -3.330 131.771 -3.990
202106 -3.520 134.084 -4.145
202109 -3.680 135.847 -4.277
202112 -3.580 138.161 -4.091
202203 -3.560 138.822 -4.049
202206 -3.650 142.347 -4.048
202209 -3.650 144.661 -3.984
202212 -3.300 145.763 -3.574
202303 -3.440 146.865 -3.698
202306 -3.180 150.280 -3.341
202309 -3.460 151.492 -3.606
202312 -3.410 152.924 -3.521
202403 -3.320 153.035 -3.425
202406 -3.500 155.789 -3.547
202409 -3.530 157.882 -3.530

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


Gujarat State Financial  (BOM:532160) 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.


Gujarat State Financial E10 Related Terms

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


Gujarat State Financial Business Description

Traded in Other Exchanges
N/A
Address
Udyog Bhavan, Block No. 10, 1st Floor, Sector-11, Gandhinagar, GJ, IND, 382 011
Gujarat State Financial Corp is engaged in providing credit services. The company provides medium and long-term credit to small and medium-scale industrial undertakings. The company recognizes income by way of interest, penalty, and other charges after the realization of cheques as intimated by banks. Geographically, the company operates only in the Indian market.

Gujarat State Financial Headlines

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