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Apcotex Industries (NSE:APCOTEXIND) E10 : ₹11.39 (As of Mar. 2024)


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What is Apcotex Industries 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.

Apcotex Industries's adjusted earnings per share data for the three months ended in Mar. 2024 was ₹2.950. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₹11.39 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Apcotex Industries's average E10 Growth Rate was 10.10% 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 (2024-06-13), Apcotex Industries's current stock price is ₹461.95. Apcotex Industries's E10 for the quarter that ended in Mar. 2024 was ₹11.39. Apcotex Industries's Shiller PE Ratio of today is 40.56.

During the past 13 years, the highest Shiller PE Ratio of Apcotex Industries was 76.04. The lowest was 35.08. And the median was 50.50.


Apcotex Industries E10 Historical Data

The historical data trend for Apcotex Industries'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.

Apcotex Industries E10 Chart

Apcotex Industries 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 - - 8.35 10.42 11.39

Apcotex Industries Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 10.42 10.75 11.05 11.29 11.39

Competitive Comparison of Apcotex Industries's E10

For the Specialty Chemicals subindustry, Apcotex Industries'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.


Apcotex Industries's Shiller PE Ratio Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Apcotex Industries's Shiller PE Ratio distribution charts can be found below:

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



Apcotex Industries 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, Apcotex Industries's adjusted earnings per share data for the three months ended in Mar. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=2.95/153.0345*153.0345
=2.950

Current CPI (Mar. 2024) = 153.0345.

Apcotex Industries Quarterly Data

per share eps CPI Adj_EPS
201406 1.110 94.103 1.805
201409 1.368 96.780 2.163
201412 1.168 96.780 1.847
201503 1.112 97.163 1.751
201506 1.176 99.841 1.803
201509 1.028 101.753 1.546
201512 0.900 102.901 1.338
201603 1.652 102.518 2.466
201606 1.604 105.961 2.317
201609 0.904 105.961 1.306
201612 0.968 105.196 1.408
201703 3.272 105.196 4.760
201706 1.008 107.109 1.440
201709 1.612 109.021 2.263
201712 2.504 109.404 3.503
201803 2.328 109.786 3.245
201806 2.168 111.317 2.980
201809 1.950 115.142 2.592
201812 1.920 115.142 2.552
201903 2.950 118.202 3.819
201906 2.190 120.880 2.773
201909 0.700 123.175 0.870
201912 -0.270 126.235 -0.327
202003 0.590 124.705 0.724
202006 -1.290 127.000 -1.554
202009 2.240 130.118 2.635
202012 3.200 130.889 3.741
202103 4.360 131.771 5.064
202106 4.220 134.084 4.816
202109 4.290 135.847 4.833
202112 4.590 138.161 5.084
202203 5.960 138.822 6.570
202206 6.470 142.347 6.956
202209 5.940 144.661 6.284
202212 3.930 145.763 4.126
202303 4.480 146.865 4.668
202306 2.340 150.280 2.383
202309 2.950 151.492 2.980
202312 2.150 152.924 2.152
202403 2.950 153.035 2.950

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


Apcotex Industries  (NSE:APCOTEXIND) 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.

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

Shiller PE Ratio=Share Price/E10
=461.95/11.39
=40.56

* 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 Apcotex Industries was 76.04. The lowest was 35.08. And the median was 50.50.


Be Aware

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


Apcotex Industries E10 Related Terms

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


Apcotex Industries (NSE:APCOTEXIND) Business Description

Traded in Other Exchanges
Address
Babubhai M. Chinai Marg, N. K. Mehta International House, 178, Backbay Reclamation, Mumbai, MH, IND, 400 020
Apcotex Industries Ltd is an India-based company engaged in producing emulsion polymers. It operates in the business segment of Synthetic Lattices and Rubber. The various grades of Synthetic Rubber find application in products such as Automotive Components, Hoses, Gaskets, Rice De-husking Rollers, Printing and Industrial Rollers, Friction Materials, Belting, and Footwear. Latexes are used for Paper/Paper Board Coating, Carpet Backing, Tyre Cord Dipping, Construction, and others. Its market coverage includes sales in India and Overseas Countries. The company derives the majority of its revenue from Indian markets.

Apcotex Industries (NSE:APCOTEXIND) Headlines

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