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Paul Merchants (BOM:539113) E10 : ₹442.40 (As of Dec. 2024)


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What is Paul Merchants 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.

Paul Merchants's adjusted earnings per share data for the three months ended in Dec. 2024 was ₹57.470. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₹442.40 for the trailing ten years ended in Dec. 2024.

During the past 12 months, Paul Merchants's average E10 Growth Rate was -6.80% 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 (2025-04-07), Paul Merchants's current stock price is ₹741.75. Paul Merchants's E10 for the quarter that ended in Dec. 2024 was ₹442.40. Paul Merchants's Shiller PE Ratio of today is 1.68.

During the past 13 years, the highest Shiller PE Ratio of Paul Merchants was 3.01. The lowest was 1.65. And the median was 2.10.


Paul Merchants E10 Historical Data

The historical data trend for Paul Merchants'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.

Paul Merchants E10 Chart

Paul Merchants 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 - - - - 447.41

Paul Merchants 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 474.64 447.41 428.63 437.75 442.40

Competitive Comparison of Paul Merchants's E10

For the Capital Markets subindustry, Paul Merchants'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.


Paul Merchants's Shiller PE Ratio Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Paul Merchants's Shiller PE Ratio distribution charts can be found below:

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


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Paul Merchants 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, Paul Merchants'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)
=57.47/158.3229*158.3229
=57.470

Current CPI (Dec. 2024) = 158.3229.

Paul Merchants Quarterly Data

per share eps CPI Adj_EPS
201309 15.920 91.042 27.685
201312 9.710 91.425 16.815
201403 14.850 91.425 25.716
201406 14.980 94.103 25.203
201409 16.870 96.780 27.598
201412 17.307 96.780 28.312
201503 2.277 97.163 3.710
201506 16.410 99.841 26.022
201509 15.957 101.753 24.828
201512 15.390 102.901 23.679
201603 18.290 102.518 28.246
201703 124.710 105.196 187.692
201803 2,077.720 109.786 2,996.279
201806 18.957 111.317 26.962
201809 17.866 115.142 24.566
201812 15.547 115.142 21.378
201903 17.090 118.202 22.891
201906 20.047 120.880 26.257
201909 17.720 123.175 22.776
201912 24.017 126.235 30.122
202003 23.737 124.705 30.136
202006 22.777 127.000 28.395
202009 23.877 130.118 29.053
202012 31.170 130.889 37.703
202103 30.633 131.771 36.806
202106 27.673 134.084 32.676
202109 34.290 135.847 39.963
202112 36.457 138.161 41.777
202203 31.837 138.822 36.309
202206 36.823 142.347 40.956
202209 38.820 144.661 42.486
202212 39.720 145.763 43.143
202303 27.350 146.865 29.484
202306 44.330 150.280 46.702
202309 47.110 151.492 49.234
202312 55.410 152.924 57.366
202403 30.280 153.035 31.326
202406 43.180 155.789 43.882
202409 52.210 157.882 52.356
202412 57.470 158.323 57.470

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


Paul Merchants  (BOM:539113) 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.

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

Shiller PE Ratio=Share Price/E10
=741.75/442.40
=1.68

* 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 Paul Merchants was 3.01. The lowest was 1.65. And the median was 2.10.


Be Aware

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


Paul Merchants E10 Related Terms

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


Paul Merchants Business Description

Traded in Other Exchanges
N/A
Address
PML House, SCO 829-830, Sector 22-A, Chandigarh, IND, 160022
Paul Merchants Ltd offers financial services. The company provides foreign exchange, business payment solutions, tours and travels, ticketing, wealth management services, and gold loans. The company's business segments include Forex, Travels, and Others. The company derives key revenue from the Forex segment.

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