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CRISIL (NSE:CRISIL) E10 : ₹72.00 (As of Dec. 2024)


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What is CRISIL 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.

CRISIL's adjusted earnings per share data for the three months ended in Dec. 2024 was ₹30.730. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₹72.00 for the trailing ten years ended in Dec. 2024.

During the past 12 months, CRISIL's average E10 Growth Rate was 8.40% per year. During the past 3 years, the average E10 Growth Rate was 8.60% per year. During the past 5 years, the average E10 Growth Rate was 3.60% 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 CRISIL was 8.60% per year. The lowest was -1.00% per year. And the median was 5.70% per year.

As of today (2025-04-06), CRISIL's current stock price is ₹4193.70. CRISIL's E10 for the quarter that ended in Dec. 2024 was ₹72.00. CRISIL's Shiller PE Ratio of today is 58.25.

During the past 13 years, the highest Shiller PE Ratio of CRISIL was 84.32. The lowest was 19.05. And the median was 53.03.


CRISIL E10 Historical Data

The historical data trend for CRISIL'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.

CRISIL E10 Chart

CRISIL Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 56.49 56.43 61.79 66.72 72.00

CRISIL 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 66.72 67.11 68.99 70.69 72.00

Competitive Comparison of CRISIL's E10

For the Financial Data & Stock Exchanges subindustry, CRISIL'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.


CRISIL's Shiller PE Ratio Distribution in the Capital Markets Industry

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

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


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CRISIL 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, CRISIL'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)
=30.73/158.3229*158.3229
=30.730

Current CPI (Dec. 2024) = 158.3229.

CRISIL Quarterly Data

per share eps CPI Adj_EPS
201503 7.760 97.163 12.645
201506 8.950 99.841 14.193
201509 10.670 101.753 16.602
201512 12.080 102.901 18.586
201603 10.160 102.518 15.690
201606 8.530 105.961 12.745
201609 9.700 105.961 14.493
201612 12.750 105.196 19.189
201703 10.010 105.196 15.065
201706 9.320 107.109 13.776
201709 9.600 109.021 13.941
201712 13.260 109.404 19.189
201803 11.400 109.786 16.440
201806 10.690 111.317 15.204
201809 9.240 115.142 12.705
201812 15.740 115.142 21.643
201903 10.600 118.202 14.198
201906 9.240 120.880 12.102
201909 14.530 123.175 18.676
201912 13.170 126.235 16.518
202003 12.160 124.705 15.438
202006 9.150 127.000 11.407
202009 12.430 130.118 15.124
202012 15.160 130.889 18.337
202103 11.490 131.771 13.805
202106 13.850 134.084 16.354
202109 15.480 135.847 18.041
202112 23.130 138.161 26.505
202203 16.660 138.822 19.000
202206 18.740 142.347 20.843
202209 20.230 144.661 22.141
202212 21.630 145.763 23.494
202303 19.940 146.865 21.496
202306 20.590 150.280 21.692
202309 20.780 151.492 21.717
202312 28.740 152.924 29.755
202403 18.830 153.035 19.481
202406 20.530 155.789 20.864
202409 23.460 157.882 23.525
202412 30.730 158.323 30.730

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


CRISIL  (NSE:CRISIL) 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.

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

Shiller PE Ratio=Share Price/E10
=4193.70/72.00
=58.25

* 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 CRISIL was 84.32. The lowest was 19.05. And the median was 53.03.


Be Aware

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


CRISIL E10 Related Terms

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


CRISIL Business Description

Traded in Other Exchanges
Address
Crisil House, Central Avenue, Hiranandani Business Park, Powai, Mumbai, MH, IND, 400076
CRISIL Ltd provides research and analytics solutions for clients of all sizes. It operates through segments of Ratings services, and Research, Analytics and Solutions. The Ratings services segment includes credit ratings for corporates, banks, bank loans, credit analysis services, grading services and global analytical services. The Research, Analytics and solutions segment which generates key revenue, includes global research and risk solutions, industry reports, customized research assignments, subscription to data services, independent equity research (IER), IPO gradings, training, credit ratings for small and medium enterprises, advisory services and a comprehensive range of risk management tools, analytics and solutions to financial institutions, banks and corporates in India.

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