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Bharti Airtel (NSE:E1AIRTELPP) E10 : ₹-1.09 (As of Mar. 2024)


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What is Bharti Airtel 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.

Bharti Airtel's adjusted earnings per share data for the three months ended in Mar. 2024 was ₹3.520. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₹-1.09 for the trailing ten years ended in Mar. 2024.

During the past 3 years, the average E10 Growth Rate was -18.10% 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.

During the past 13 years, the highest 3-Year average E10 Growth Rate of Bharti Airtel was -18.10% per year. The lowest was -18.10% per year. And the median was -18.10% per year.

As of today (2024-06-06), Bharti Airtel's current stock price is ₹962.75. Bharti Airtel's E10 for the quarter that ended in Mar. 2024 was ₹-1.09. Bharti Airtel's Shiller PE Ratio of today is .

During the past 13 years, the highest Shiller PE Ratio of Bharti Airtel was 143.03. The lowest was 12.96. And the median was 28.32.


Bharti Airtel E10 Historical Data

The historical data trend for Bharti Airtel'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.

Bharti Airtel E10 Chart

Bharti Airtel 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 - - - -0.87 -1.09

Bharti Airtel 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 -0.87 -1.00 -1.03 -1.00 -1.09

Competitive Comparison of Bharti Airtel's E10

For the Telecom Services subindustry, Bharti Airtel'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.


Bharti Airtel's Shiller PE Ratio Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Bharti Airtel's Shiller PE Ratio distribution charts can be found below:

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



Bharti Airtel 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, Bharti Airtel'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)
=3.52/153.0345*153.0345
=3.520

Current CPI (Mar. 2024) = 153.0345.

Bharti Airtel Quarterly Data

per share eps CPI Adj_EPS
201406 2.499 94.103 4.064
201409 3.119 96.780 4.932
201412 3.236 96.780 5.117
201503 1.559 97.163 2.455
201506 5.669 99.841 8.689
201509 3.461 101.753 5.205
201512 2.496 102.901 3.712
201603 2.974 102.518 4.439
201606 3.299 105.961 4.765
201609 3.290 105.961 4.752
201612 1.136 105.196 1.653
201703 0.838 105.196 1.219
201706 0.829 107.109 1.184
201709 0.775 109.021 1.088
201712 0.685 109.404 0.958
201803 0.189 109.786 0.263
201806 0.226 111.317 0.311
201809 0.275 115.142 0.366
201812 0.196 115.142 0.261
201903 0.168 118.202 0.218
201906 -6.066 120.880 -7.680
201909 -44.092 123.175 -54.781
201912 -1.983 126.235 -2.404
202003 -8.988 124.705 -11.030
202006 -28.682 127.000 -34.562
202009 -1.390 130.118 -1.635
202012 1.560 130.889 1.824
202103 1.390 131.771 1.614
202106 0.510 134.084 0.582
202109 2.060 135.847 2.321
202112 1.480 138.161 1.639
202203 3.580 138.822 3.947
202206 2.840 142.347 3.053
202209 3.750 144.661 3.967
202212 2.760 145.763 2.898
202303 5.230 146.865 5.450
202306 2.790 150.280 2.841
202309 2.310 151.492 2.334
202312 4.140 152.924 4.143
202403 3.520 153.035 3.520

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


Bharti Airtel  (NSE:E1AIRTELPP) 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.

During the past 13 years, the highest Shiller P/E Ratio of Bharti Airtel was 143.03. The lowest was 12.96. And the median was 28.32.


Be Aware

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


Bharti Airtel E10 Related Terms

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


Bharti Airtel (NSE:E1AIRTELPP) Business Description

Traded in Other Exchanges
Address
1, Nelson Mandela Road, Bharti Crescent, Phase II, Vasant Kunj, New Delhi, IND, 110 070
Bharti Airtel Ltd is a telecommunications company. The company's segment includes Mobile Services India; Mobile Services Africa; Mobile Services South Asia; Airtel Business; Tower Infrastructure Services; Homes Services; Digital TV Services and others. It generates maximum revenue from the Mobile Services India segment. Mobile Services India services cover voice and data telecom services provided through wireless technology (2G / 3G / 4G) in India. It includes the captive national long distance networks which primarily provide connectivity to the mobile services business in India. It also includes intra-city fibre networks.

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