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Coforge (BOM:532541) E10 : ₹92.75 (As of Dec. 2024)


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What is Coforge 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.

Coforge's adjusted earnings per share data for the three months ended in Dec. 2024 was ₹31.940. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₹92.75 for the trailing ten years ended in Dec. 2024.

During the past 12 months, Coforge's average E10 Growth Rate was 12.30% per year. During the past 3 years, the average E10 Growth Rate was 5.20% 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 Coforge was 5.20% per year. The lowest was -1.70% per year. And the median was 1.75% per year.

As of today (2025-03-03), Coforge's current stock price is ₹7356.50. Coforge's E10 for the quarter that ended in Dec. 2024 was ₹92.75. Coforge's Shiller PE Ratio of today is 79.32.

During the past 13 years, the highest Shiller PE Ratio of Coforge was 104.88. The lowest was 13.15. And the median was 59.82.


Coforge E10 Historical Data

The historical data trend for Coforge'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.

Coforge E10 Chart

Coforge 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 78.82 72.60 65.98 74.82 84.58

Coforge 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 82.61 84.58 87.00 90.10 92.75

Competitive Comparison of Coforge's E10

For the Information Technology Services subindustry, Coforge'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.


Coforge's Shiller PE Ratio Distribution in the Software Industry

For the Software industry and Technology sector, Coforge's Shiller PE Ratio distribution charts can be found below:

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



Coforge 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, Coforge'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)
=31.94/159.2043*159.2043
=31.940

Current CPI (Dec. 2024) = 159.2043.

Coforge Quarterly Data

per share eps CPI Adj_EPS
201503 -2.900 97.163 -4.752
201506 8.900 99.841 14.192
201509 10.600 101.753 16.585
201512 11.300 102.901 17.483
201603 12.900 102.518 20.033
201606 4.630 105.961 6.956
201609 9.580 105.961 14.394
201612 10.160 105.196 15.376
201703 16.320 105.196 24.699
201706 8.330 107.109 12.382
201709 10.900 109.021 15.917
201712 12.230 109.404 17.797
201803 13.890 109.786 20.142
201806 13.800 111.317 19.737
201809 17.940 115.142 24.805
201812 16.090 115.142 22.247
201903 16.910 118.202 22.776
201906 14.050 120.880 18.505
201909 19.120 123.175 24.713
201912 19.690 126.235 24.832
202003 18.120 124.705 23.133
202006 12.710 127.000 15.933
202009 19.610 130.118 23.994
202012 19.770 130.889 24.047
202103 21.420 131.771 25.880
202106 19.940 134.084 23.676
202109 23.650 135.847 27.716
202112 29.580 138.161 34.085
202203 33.350 138.822 38.247
202206 24.140 142.347 26.999
202209 32.410 144.661 35.668
202212 36.690 145.763 40.073
202303 18.360 146.865 19.903
202306 26.540 150.280 28.116
202309 28.980 151.492 30.455
202312 38.060 152.924 39.623
202403 36.140 153.035 37.597
202406 20.780 155.789 21.236
202409 30.140 157.882 30.392
202412 31.940 159.204 31.940

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


Coforge  (BOM:532541) 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.

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

Shiller PE Ratio=Share Price/E10
=7356.50/92.75
=79.32

* 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 Coforge was 104.88. The lowest was 13.15. And the median was 59.82.


Be Aware

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


Coforge E10 Related Terms

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


Coforge Business Description

Traded in Other Exchanges
Address
Special Economic Zone, Plot No. TZ-2& 2A, Sector- Tech Zone, Greater Noida, UP, IND, 201308
Coforge Ltd provides a variety of information technology services. The firm's services include infrastructure management, business processes outsourcing, application and network testing, systems integration IP asset-based solutions, application development and maintenance, managed services, cloud computing, and digital services among others. The company's customers typically operate in the travel and transportation, banking and financial services, insurance, manufacturing, and media industries. The geographical segments of the company include the Americas, India, Europe, Middle East and Africa, and Asia Pacific. It generates maximum revenue from the Americas.

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