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MPS (BOM:532440) E10 : ₹57.85 (As of Dec. 2024)


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What is MPS 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.

MPS's adjusted earnings per share data for the three months ended in Dec. 2024 was ₹23.990. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₹57.85 for the trailing ten years ended in Dec. 2024.

During the past 12 months, MPS's average E10 Growth Rate was 7.10% 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 (2025-03-27), MPS's current stock price is ₹2779.70. MPS's E10 for the quarter that ended in Dec. 2024 was ₹57.85. MPS's Shiller PE Ratio of today is 48.05.

During the past 13 years, the highest Shiller PE Ratio of MPS was 49.81. The lowest was 12.00. And the median was 28.21.


MPS E10 Historical Data

The historical data trend for MPS'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.

MPS E10 Chart

MPS 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 - - 44.13 49.79 54.72

MPS 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 54.29 54.72 55.51 56.97 57.85

Competitive Comparison of MPS's E10

For the Publishing subindustry, MPS'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.


MPS's Shiller PE Ratio Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, MPS's Shiller PE Ratio distribution charts can be found below:

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


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MPS 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, MPS'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)
=23.99/158.3229*158.3229
=23.990

Current CPI (Dec. 2024) = 158.3229.

MPS Quarterly Data

per share eps CPI Adj_EPS
201503 7.380 97.163 12.025
201506 7.730 99.841 12.258
201509 9.420 101.753 14.657
201512 9.140 102.901 14.063
201603 11.980 102.518 18.501
201606 8.830 105.961 13.193
201609 10.950 105.961 16.361
201612 9.610 105.196 14.463
201703 8.420 105.196 12.672
201706 10.980 107.109 16.230
201709 9.150 109.021 13.288
201712 9.430 109.404 13.647
201803 8.140 109.786 11.739
201806 8.210 111.317 11.677
201809 10.020 115.142 13.778
201812 10.460 115.142 14.383
201903 12.140 118.202 16.261
201906 8.260 120.880 10.819
201909 11.870 123.175 15.257
201912 6.950 126.235 8.717
202003 5.070 124.705 6.437
202006 7.440 127.000 9.275
202009 7.470 130.118 9.089
202012 9.900 130.889 11.975
202103 7.150 131.771 8.591
202106 11.860 134.084 14.004
202109 12.000 135.847 13.985
202112 12.180 138.161 13.957
202203 12.570 138.822 14.336
202206 12.070 142.347 13.425
202209 15.700 144.661 17.183
202212 17.280 145.763 18.769
202303 18.785 146.865 20.251
202306 17.840 150.280 18.795
202309 17.700 151.492 18.498
202312 17.500 152.924 18.118
202403 16.930 153.035 17.515
202406 15.260 155.789 15.508
202409 20.760 157.882 20.818
202412 23.990 158.323 23.990

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


MPS  (BOM:532440) 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.

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

Shiller PE Ratio=Share Price/E10
=2779.70/57.85
=48.05

* 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 MPS was 49.81. The lowest was 12.00. And the median was 28.21.


Be Aware

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


MPS E10 Related Terms

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


MPS Business Description

Traded in Other Exchanges
Address
A-1, Tower-A, 4th Floor, Windsor IT Park, Sector 125, Noida, UP, IND, 201303
MPS Ltd is an India based company engaged in the business of offering platforms and publishing solutions. The operating segments of the group are Content solutions, eLearning solutions and Platform solutions. It derives a majority of the revenue from the Content solutions segment which involves creating and developing content for print and digital delivery. It includes content authoring/development, content production, content transformation, fulfilment and customer support services. Geographically, the group has a business presence in India, USA Europe and other countries. The company's platforms include DigiCore, MPSTrak, THINK360, ScholarStor and others.

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