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MIC Electronics (BOM:532850) E10 : ₹-11.54 (As of Sep. 2024)


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What is MIC Electronics 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.

MIC Electronics's adjusted earnings per share data for the three months ended in Sep. 2024 was ₹0.090. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₹-11.54 for the trailing ten years ended in Sep. 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 (2024-12-11), MIC Electronics's current stock price is ₹92.54. MIC Electronics's E10 for the quarter that ended in Sep. 2024 was ₹-11.54. MIC Electronics's Shiller PE Ratio of today is .

During the past 13 years, the highest Shiller PE Ratio of MIC Electronics was 352.71. The lowest was 0.00. And the median was 325.18.


MIC Electronics E10 Historical Data

The historical data trend for MIC Electronics'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.

MIC Electronics E10 Chart

MIC Electronics 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 - - -21.17 -19.25 -11.70

MIC Electronics 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 -18.81 -16.91 -11.70 -11.70 -11.54

Competitive Comparison of MIC Electronics's E10

For the Electronic Components subindustry, MIC Electronics'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.


MIC Electronics's Shiller PE Ratio Distribution in the Hardware Industry

For the Hardware industry and Technology sector, MIC Electronics's Shiller PE Ratio distribution charts can be found below:

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



MIC Electronics 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, MIC Electronics'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)
=0.09/157.8822*157.8822
=0.090

Current CPI (Sep. 2024) = 157.8822.

MIC Electronics Quarterly Data

per share eps CPI Adj_EPS
201412 -1.480 96.780 -2.414
201503 4.626 97.163 7.517
201506 1.680 99.841 2.657
201509 1.760 101.753 2.731
201512 0.480 102.901 0.736
201603 -35.680 102.518 -54.949
201606 0.800 105.961 1.192
201609 0.440 105.961 0.656
201612 0.800 105.196 1.201
201703 -10.240 105.196 -15.369
201706 0.440 107.109 0.649
201709 0.080 109.021 0.116
201712 -0.240 109.404 -0.346
201803 -35.090 109.786 -50.462
201806 -0.880 111.317 -1.248
201809 -0.880 115.142 -1.207
201812 -0.200 115.142 -0.274
201903 -3.000 118.202 -4.007
201906 -0.480 120.880 -0.627
201909 -0.520 123.175 -0.667
201912 -0.400 126.235 -0.500
202003 -2.920 124.705 -3.697
202006 -0.360 127.000 -0.448
202009 -0.640 130.118 -0.777
202012 -0.400 130.889 -0.482
202103 0.400 131.771 0.479
202106 -0.100 134.084 -0.118
202109 -0.190 135.847 -0.221
202112 1.300 138.161 1.486
202203 -0.044 138.822 -0.050
202206 -0.060 142.347 -0.067
202209 -0.003 144.661 -0.003
202212 -0.040 145.763 -0.043
202303 0.110 146.865 0.118
202306 0.060 150.280 0.063
202309 0.400 151.492 0.417
202312 0.120 152.924 0.124
202403 2.230 153.035 2.301
202406 0.080 155.789 0.081
202409 0.090 157.882 0.090

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


MIC Electronics  (BOM:532850) 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.

During the past 13 years, the highest Shiller P/E Ratio of MIC Electronics was 352.71. The lowest was 0.00. And the median was 325.18.


Be Aware

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


MIC Electronics E10 Related Terms

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


MIC Electronics Business Description

Traded in Other Exchanges
Address
Plot No. 192/B, Phase-II, IDA, Cherlapally, Rangareddi, Hyderabad, TG, IND, 500051
MIC Electronics Ltd designs, develops, and manufactures light-emitting diode (LED) video displays, and other electronic components. The operating segments of the group are LED products; Medical appliances and E Vehicles. Its products include LED lighting, LED displays, Oxygen concentrators, and Batteries. The company predominantly operates in India.

MIC Electronics Headlines

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