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Bosch (NSE:BOSCHLTD) E10 : ₹675.41 (As of Dec. 2024)


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What is Bosch 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.

Bosch's adjusted earnings per share data for the three months ended in Dec. 2024 was ₹155.530. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₹675.41 for the trailing ten years ended in Dec. 2024.

During the past 12 months, Bosch's average E10 Growth Rate was 6.00% per year. During the past 3 years, the average E10 Growth Rate was -6.30% 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 Bosch was -6.30% per year. The lowest was -6.30% per year. And the median was -6.30% per year.

As of today (2025-04-07), Bosch's current stock price is ₹27289.10. Bosch's E10 for the quarter that ended in Dec. 2024 was ₹675.41. Bosch's Shiller PE Ratio of today is 40.40.

During the past 13 years, the highest Shiller PE Ratio of Bosch was 57.90. The lowest was 17.36. And the median was 29.70.


Bosch E10 Historical Data

The historical data trend for Bosch'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.

Bosch E10 Chart

Bosch 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 - 778.87 718.43 604.72 640.51

Bosch 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 636.83 640.51 657.02 672.67 675.41

Competitive Comparison of Bosch's E10

For the Auto Parts subindustry, Bosch'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.


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

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

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


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Bosch 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, Bosch'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)
=155.53/158.3229*158.3229
=155.530

Current CPI (Dec. 2024) = 158.3229.

Bosch Quarterly Data

per share eps CPI Adj_EPS
201306 80.200 88.365 143.694
201309 74.600 91.042 129.730
201312 44.300 91.425 76.715
201403 103.900 91.425 179.926
201406 97.700 94.103 164.375
201409 97.600 96.780 159.664
201412 35.300 96.780 57.747
201506 109.500 99.841 173.640
201509 97.200 101.753 151.238
201512 70.300 102.901 108.163
201603 211.000 102.518 325.855
201703 561.000 105.196 844.321
201803 449.000 109.786 647.503
201806 141.200 111.317 200.826
201809 137.600 115.142 189.203
201812 109.900 115.142 151.115
201903 136.200 118.202 182.430
201906 95.000 120.880 124.427
201909 33.300 123.175 42.802
201912 64.500 126.235 80.895
202003 27.200 124.705 34.533
202006 -41.200 127.000 -51.361
202009 -21.700 130.118 -26.404
202012 62.500 130.889 75.600
202103 163.400 131.771 196.326
202106 88.300 134.084 104.262
202109 126.200 135.847 147.080
202112 79.700 138.161 91.331
202203 118.970 138.822 135.682
202206 113.300 142.347 126.016
202209 126.700 144.661 138.666
202212 108.410 145.763 117.751
202303 134.930 146.865 145.457
202306 138.790 150.280 146.218
202309 339.020 151.492 354.307
202312 175.710 152.924 181.913
202403 191.150 153.035 197.756
202406 158.090 155.789 160.661
202409 181.990 157.882 182.498
202412 155.530 158.323 155.530

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


Bosch  (NSE:BOSCHLTD) 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.

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

Shiller PE Ratio=Share Price/E10
=27289.10/675.41
=40.40

* 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 Bosch was 57.90. The lowest was 17.36. And the median was 29.70.


Be Aware

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


Bosch E10 Related Terms

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


Bosch Business Description

Traded in Other Exchanges
Address
Hosur Road, Adugodi, Bengaluru, KA, IND, 560030
Bosch Ltd is a holding company of subsidiaries manufacturing and trading automotive products. It sells car parts such as fuel systems, electrical drives and motors, steering systems, and aftermarket products to the automotive industry. The company's reportable segments are; Automotive products which generate maximum revenue, Consumer Goods, and Others. Its operations in the automotive business consist of diesel systems, gasoline systems, and automotive aftermarket products and services. The Consumer Goods segment predominantly consists of trading activities in power tools and consumables; and the Others segment includes industrial technology, building technology products, and services. Geographically, the company generates a majority of its revenue within India.

Bosch Headlines

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