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Bajaj Auto (NSE:BAJAJ-AUTO) E10 : ₹232.52 (As of Mar. 2025)


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What is Bajaj Auto 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.

Bajaj Auto's adjusted earnings per share data for the three months ended in Mar. 2025 was ₹64.100. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₹232.52 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Bajaj Auto's average E10 Growth Rate was 4.50% per year. During the past 3 years, the average E10 Growth Rate was 6.00% 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 Bajaj Auto was 6.00% per year. The lowest was 6.00% per year. And the median was 6.00% per year.

As of today (2025-07-04), Bajaj Auto's current stock price is ₹8382.50. Bajaj Auto's E10 for the quarter that ended in Mar. 2025 was ₹232.52. Bajaj Auto's Shiller PE Ratio of today is 36.05.

During the past 13 years, the highest Shiller PE Ratio of Bajaj Auto was 55.65. The lowest was 17.37. And the median was 25.67.


Bajaj Auto E10 Historical Data

The historical data trend for Bajaj Auto'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.

Bajaj Auto E10 Chart

Bajaj Auto Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 194.94 207.38 222.56 232.52

Bajaj Auto Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 222.56 227.95 230.15 232.81 232.52

Competitive Comparison of Bajaj Auto's E10

For the Auto Manufacturers subindustry, Bajaj Auto'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.


Bajaj Auto's Shiller PE Ratio Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Bajaj Auto's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Bajaj Auto's Shiller PE Ratio falls into.


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Bajaj Auto 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, Bajaj Auto's adjusted earnings per share data for the three months ended in Mar. 2025 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=64.1/157.5517*157.5517
=64.100

Current CPI (Mar. 2025) = 157.5517.

Bajaj Auto Quarterly Data

per share eps CPI Adj_EPS
201506 31.600 99.841 49.866
201509 38.700 101.753 59.922
201512 35.600 102.901 54.507
201603 34.400 102.518 52.866
201606 35.900 105.961 53.379
201609 41.500 105.961 61.706
201612 33.800 105.196 50.622
201703 29.800 105.196 44.631
201706 28.900 107.109 42.510
201709 41.200 109.021 59.540
201712 35.000 109.404 50.403
201803 40.600 109.786 58.264
201806 36.000 111.317 50.953
201809 43.400 115.142 59.385
201812 42.200 115.142 57.743
201903 48.700 118.202 64.912
201906 35.000 120.880 45.618
201909 52.600 123.175 67.280
201912 45.700 126.235 57.037
202003 46.900 124.705 59.253
202006 13.700 127.000 16.996
202009 41.300 130.118 50.008
202012 59.300 130.889 71.380
202103 53.600 131.771 64.087
202106 40.500 134.084 47.588
202109 70.500 135.847 81.764
202112 49.400 138.161 56.333
202203 52.800 138.822 59.924
202206 40.200 142.347 44.494
202209 60.100 144.661 65.455
202212 52.100 145.763 56.314
202303 60.200 146.865 64.581
202306 58.100 150.280 60.911
202309 71.400 151.492 74.256
202312 71.900 152.924 74.076
202403 70.800 153.035 72.890
202406 69.600 155.789 70.388
202409 49.700 157.882 49.596
202412 78.700 158.323 78.317
202503 64.100 157.552 64.100

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


Bajaj Auto  (NSE:BAJAJ-AUTO) 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.

Bajaj Auto's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=8382.50/232.52
=36.05

* 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 Bajaj Auto was 55.65. The lowest was 17.37. And the median was 25.67.


Be Aware

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


Bajaj Auto E10 Related Terms

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


Bajaj Auto Business Description

Traded in Other Exchanges
Address
Mumbai Pune Road, Bajaj Auto Limited Complex, Akurdi, Pune, MH, IND, 411 035
Bajaj Auto Ltd is an automotive sales company. The company is engaged in the business of development, manufacturing, and distribution of automobiles such as motorcycles, commercial vehicles, electric vehicles, etc., and parts thereof. The company sells its products in India as well as in various other global markets. It has two business segments Automotive Business, Investments, and Others. The company derives the majority of its revenue from the Automotive segment.

Bajaj Auto Headlines

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