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Adani Power (BOM:533096) E10 : ₹6.94 (As of Dec. 2024)


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What is Adani Power 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.

Adani Power's adjusted earnings per share data for the three months ended in Dec. 2024 was ₹7.670. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₹6.94 for the trailing ten years ended in Dec. 2024.

During the past 12 months, Adani Power's average E10 Growth Rate was 64.50% 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 Adani Power was 29.30% per year. The lowest was 29.30% per year. And the median was 29.30% per year.

As of today (2025-04-03), Adani Power's current stock price is ₹513.60. Adani Power's E10 for the quarter that ended in Dec. 2024 was ₹6.94. Adani Power's Shiller PE Ratio of today is 74.01.

During the past 13 years, the highest Shiller PE Ratio of Adani Power was 407.55. The lowest was 68.98. And the median was 134.77.


Adani Power E10 Historical Data

The historical data trend for Adani Power'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.

Adani Power E10 Chart

Adani Power 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 -5.66 -6.53 -5.92 -2.00 3.36

Adani Power 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 4.22 3.36 4.57 5.91 6.94

Competitive Comparison of Adani Power's E10

For the Utilities - Independent Power Producers subindustry, Adani Power'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.


Adani Power's Shiller PE Ratio Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Adani Power's Shiller PE Ratio distribution charts can be found below:

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


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Adani Power 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, Adani Power'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)
=7.67/158.3229*158.3229
=7.670

Current CPI (Dec. 2024) = 158.3229.

Adani Power Quarterly Data

per share eps CPI Adj_EPS
201503 2.490 97.163 4.057
201506 -0.570 99.841 -0.904
201509 -1.380 101.753 -2.147
201512 0.370 102.901 0.569
201603 3.200 102.518 4.942
201606 -0.700 105.961 -1.046
201609 -0.920 105.961 -1.375
201612 -1.920 105.196 -2.890
201703 -13.570 105.196 -20.423
201706 -1.170 107.109 -1.729
201709 0.820 109.021 1.191
201712 -3.410 109.404 -4.935
201803 -1.680 109.786 -2.423
201806 -2.140 111.317 -3.044
201809 1.000 115.142 1.375
201812 -3.400 115.142 -4.675
201903 1.320 118.202 1.768
201906 -1.200 120.880 -1.572
201909 0.510 123.175 0.656
201912 -2.340 126.235 -2.935
202003 -5.697 124.705 -7.233
202006 -2.380 127.000 -2.967
202009 4.900 130.118 5.962
202012 -1.630 130.889 -1.972
202103 -3.194 131.771 -3.838
202106 0.180 134.084 0.213
202109 -1.500 135.847 -1.748
202112 -0.340 138.161 -0.390
202203 8.938 138.822 10.194
202206 11.580 142.347 12.880
202209 0.990 144.661 1.083
202212 -0.810 145.763 -0.880
202303 12.810 146.865 13.809
202306 21.900 150.280 23.072
202309 16.480 151.492 17.223
202312 6.610 152.924 6.843
202403 6.630 153.035 6.859
202406 9.720 155.789 9.878
202409 8.210 157.882 8.233
202412 7.670 158.323 7.670

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


Adani Power  (BOM:533096) 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.

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

Shiller PE Ratio=Share Price/E10
=513.60/6.94
=74.01

* 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 Adani Power was 407.55. The lowest was 68.98. And the median was 134.77.


Be Aware

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


Adani Power E10 Related Terms

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


Adani Power Business Description

Traded in Other Exchanges
Address
S. G. Highway, Adani Corporate House, Shantigram, Near Vaishnodevi Circle, Khodiyar, Ahmedabad, GJ, IND, 382421
Adani Power Ltd is an electric utility company that produces and transmits energy from its portfolio of power plants located throughout India. The company produces its energy using thermal fuel sources, such as coal but also owns facilities that utilize solar and steam generation. The company's electricity sales are structured through long-term agreements. Its business segments include Power Generation and related activities, which generates key revenue, and Trading, Investment, and other activities. Geographically, the company generates a majority of its revenue from India.

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