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Multi Commodity Exchange of India (BOM:534091) E10 : ₹73.82 (As of Dec. 2024)


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What is Multi Commodity Exchange of India 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.

Multi Commodity Exchange of India's adjusted earnings per share data for the three months ended in Dec. 2024 was ₹31.380. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₹73.82 for the trailing ten years ended in Dec. 2024.

During the past 12 months, Multi Commodity Exchange of India's average E10 Growth Rate was -15.90% 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 (2025-03-30), Multi Commodity Exchange of India's current stock price is ₹5310.80. Multi Commodity Exchange of India's E10 for the quarter that ended in Dec. 2024 was ₹73.82. Multi Commodity Exchange of India's Shiller PE Ratio of today is 71.94.

During the past 13 years, the highest Shiller PE Ratio of Multi Commodity Exchange of India was 88.65. The lowest was 22.37. And the median was 46.08.


Multi Commodity Exchange of India E10 Historical Data

The historical data trend for Multi Commodity Exchange of India'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.

Multi Commodity Exchange of India E10 Chart

Multi Commodity Exchange of India 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 - - - - 86.06

Multi Commodity Exchange of India 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 88.15 86.06 84.47 78.12 73.82

Competitive Comparison of Multi Commodity Exchange of India's E10

For the Financial Data & Stock Exchanges subindustry, Multi Commodity Exchange of India'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.


Multi Commodity Exchange of India's Shiller PE Ratio Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Multi Commodity Exchange of India's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Multi Commodity Exchange of India's Shiller PE Ratio falls into.


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Multi Commodity Exchange of India 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, Multi Commodity Exchange of India'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)
=31.38/158.3229*158.3229
=31.380

Current CPI (Dec. 2024) = 158.3229.

Multi Commodity Exchange of India Quarterly Data

per share eps CPI Adj_EPS
201203 56.220 76.889 115.764
201303 58.860 85.687 108.755
201403 30.200 91.425 52.298
201503 24.770 97.163 40.362
201603 22.550 102.518 34.825
201606 6.470 105.961 9.667
201609 7.440 105.961 11.117
201612 6.690 105.196 10.069
201703 4.280 105.196 6.442
201706 5.170 107.109 7.642
201709 5.730 109.021 8.321
201712 3.690 109.404 5.340
201803 6.710 109.786 9.676
201806 1.440 111.317 2.048
201809 7.060 115.142 9.708
201812 8.260 115.142 11.358
201903 11.990 118.202 16.060
201906 8.590 120.880 11.251
201909 14.110 123.175 18.136
201912 10.920 126.235 13.696
202003 12.870 124.705 16.339
202006 11.090 127.000 13.825
202009 11.500 130.118 13.993
202012 14.100 130.889 17.055
202103 7.560 131.771 9.083
202106 7.820 134.084 9.234
202109 6.420 135.847 7.482
202112 6.770 138.161 7.758
202203 7.180 138.822 8.189
202206 8.140 142.347 9.054
202209 12.430 144.661 13.604
202212 7.620 145.763 8.277
202303 1.070 146.865 1.153
202306 3.860 150.280 4.067
202309 -3.740 151.492 -3.909
202312 -1.050 152.924 -1.087
202403 17.230 153.035 17.825
202406 21.750 155.789 22.104
202409 30.120 157.882 30.204
202412 31.380 158.323 31.380

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


Multi Commodity Exchange of India  (BOM:534091) 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.

Multi Commodity Exchange of India's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=5310.80/73.82
=71.94

* 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 Multi Commodity Exchange of India was 88.65. The lowest was 22.37. And the median was 46.08.


Be Aware

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


Multi Commodity Exchange of India E10 Related Terms

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


Multi Commodity Exchange of India Business Description

Traded in Other Exchanges
Address
Suren Road, Exchange Square, Chakala, Andheri (East), Mumbai, MH, IND, 400093
Multi Commodity Exchange of India Ltd is an India-based deemed Stock Exchange recognized under the Securities Contracts (Regulation) Act, 1956. The company facilitates online trading, and clearing and settlement of commodity futures transactions, thereby providing a platform for risk management. The company is a demutualized Exchange and has permanent recognition from the Government of India to facilitate nationwide online trading, clearing, and settlement operations of commodity derivatives. The company derives its revenues from transaction fees, admission fees, annual subscription fees, terminal charges, connectivity income, interest income, dividends from and gains on the sale of investments and other miscellaneous income.

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