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De Nora India (NSE:DENORA) E10 : ₹18.75 (As of Dec. 2024)


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What is De Nora India 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.

De Nora India's adjusted earnings per share data for the three months ended in Dec. 2024 was ₹-14.710. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₹18.75 for the trailing ten years ended in Dec. 2024.

During the past 12 months, De Nora India's average E10 Growth Rate was 1.00% 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.

As of today (2025-04-04), De Nora India's current stock price is ₹777.10. De Nora India's E10 for the quarter that ended in Dec. 2024 was ₹18.75. De Nora India's Shiller PE Ratio of today is 41.45.

During the past 13 years, the highest Shiller PE Ratio of De Nora India was 135.10. The lowest was 23.73. And the median was 65.10.


De Nora India E10 Historical Data

The historical data trend for De Nora India'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.

De Nora India E10 Chart

De Nora India Annual Data
Trend Dec14 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 17.61 17.30 18.92

De Nora India 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 18.52 18.92 19.85 20.38 18.75

Competitive Comparison of De Nora India's E10

For the Electrical Equipment & Parts subindustry, De Nora India'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.


De Nora India's Shiller PE Ratio Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, De Nora India's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where De Nora India's Shiller PE Ratio falls into.


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De Nora India 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, De Nora India'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)
=-14.71/158.3229*158.3229
=-14.710

Current CPI (Dec. 2024) = 158.3229.

De Nora India Quarterly Data

per share eps CPI Adj_EPS
201409 2.860 96.780 4.679
201412 1.750 96.780 2.863
201503 2.910 97.163 4.742
201506 4.570 99.841 7.247
201509 5.900 101.753 9.180
201606 1.320 105.961 1.972
201609 1.080 105.961 1.614
201612 0.700 105.196 1.054
201703 2.520 105.196 3.793
201706 -0.150 107.109 -0.222
201709 -1.910 109.021 -2.774
201712 8.540 109.404 12.359
201803 -3.300 109.786 -4.759
201806 3.580 111.317 5.092
201809 0.950 115.142 1.306
201812 5.800 115.142 7.975
201903 -7.340 118.202 -9.831
201906 1.040 120.880 1.362
201909 3.400 123.175 4.370
201912 6.720 126.235 8.428
202003 4.150 124.705 5.269
202006 3.400 127.000 4.239
202009 0.280 130.118 0.341
202012 0.640 130.889 0.774
202103 6.310 131.771 7.581
202106 -1.530 134.084 -1.807
202109 7.080 135.847 8.251
202112 4.530 138.161 5.191
202203 19.010 138.822 21.680
202206 2.950 142.347 3.281
202209 2.970 144.661 3.250
202212 9.070 145.763 9.852
202303 23.200 146.865 25.010
202306 0.980 150.280 1.032
202309 11.960 151.492 12.499
202312 12.200 152.924 12.631
202403 10.650 153.035 11.018
202406 5.430 155.789 5.518
202409 6.180 157.882 6.197
202412 -14.710 158.323 -14.710

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


De Nora India  (NSE:DENORA) 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.

De Nora India's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=777.10/18.75
=41.45

* 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 De Nora India was 135.10. The lowest was 23.73. And the median was 65.10.


Be Aware

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


De Nora India E10 Related Terms

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


De Nora India Business Description

Traded in Other Exchanges
Address
Kumdaim Industrial Estate, Plot Nos. 184, 185 & 189, Kundiam, GA, IND, 403115
De Nora India Ltd manufactures and sells electrolytic products in India. It is recognized as a supplier of technologies for the production of chlorine, caustic soda, and derivatives for the chlor-alkali industry as well as the international manufacturer and recoater of noble metal-coated electrodes, electrolyzers, coating solutions for the electrochemical industry in general. The company's operating segment includes Electrode Technologies, which generates the majority of revenue, and Water Technologies. Geographically, it derives a majority of its revenue from India. The company serves various markets, such as agriculture and livestock, chlorine and caustic industry, bleaching chemicals, corrosion prevention, electronics, energy, food industry, marine, and others.

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