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eClerx Services (NSE:ECLERX) E10 : ₹79.89 (As of Sep. 2024)


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What is eClerx Services 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.

eClerx Services's adjusted earnings per share data for the three months ended in Sep. 2024 was ₹29.150. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₹79.89 for the trailing ten years ended in Sep. 2024.

During the past 12 months, eClerx Services's average E10 Growth Rate was 10.10% per year. During the past 3 years, the average E10 Growth Rate was 3.00% 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 eClerx Services was 3.00% per year. The lowest was -0.60% per year. And the median was 1.20% per year.

As of today (2024-12-15), eClerx Services's current stock price is ₹3815.55. eClerx Services's E10 for the quarter that ended in Sep. 2024 was ₹79.89. eClerx Services's Shiller PE Ratio of today is 47.76.

During the past 13 years, the highest Shiller PE Ratio of eClerx Services was 48.04. The lowest was 3.44. And the median was 21.97.


eClerx Services E10 Historical Data

The historical data trend for eClerx Services'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.

eClerx Services E10 Chart

eClerx Services 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 70.10 68.74 60.63 68.96 75.73

eClerx Services Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 72.11 74.38 75.73 77.56 79.89

Competitive Comparison of eClerx Services's E10

For the Information Technology Services subindustry, eClerx Services'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.


eClerx Services's Shiller PE Ratio Distribution in the Software Industry

For the Software industry and Technology sector, eClerx Services's Shiller PE Ratio distribution charts can be found below:

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



eClerx Services 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, eClerx Services's adjusted earnings per share data for the three months ended in Sep. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Sep. 2024 (Change)*Current CPI (Sep. 2024)
=29.15/157.8822*157.8822
=29.150

Current CPI (Sep. 2024) = 157.8822.

eClerx Services Quarterly Data

per share eps CPI Adj_EPS
201412 9.827 96.780 16.031
201503 8.533 97.163 13.865
201506 12.193 99.841 19.281
201509 12.907 101.753 20.027
201512 12.060 102.901 18.504
201603 16.133 102.518 24.845
201606 15.487 105.961 23.076
201609 15.660 105.961 23.333
201612 13.887 105.196 20.842
201703 12.460 105.196 18.700
201706 13.247 107.109 19.527
201709 14.820 109.021 21.462
201712 9.627 109.404 13.893
201803 10.913 109.786 15.694
201806 10.480 111.317 14.864
201809 12.253 115.142 16.801
201812 6.847 115.142 9.389
201903 10.420 118.202 13.918
201906 7.040 120.880 9.195
201909 8.107 123.175 10.391
201912 12.907 126.235 16.143
202003 10.213 124.705 12.930
202006 9.560 127.000 11.885
202009 11.807 130.118 14.326
202012 13.860 130.889 16.718
202103 19.073 131.771 22.853
202106 17.700 134.084 20.841
202109 19.310 135.847 22.442
202112 20.760 138.161 23.723
202203 23.350 138.822 26.556
202206 19.630 142.347 21.772
202209 24.930 144.661 27.208
202212 26.010 145.763 28.173
202303 26.600 146.865 28.595
202306 21.820 150.280 22.924
202309 27.850 151.492 29.025
202312 28.220 152.924 29.135
202403 26.450 153.035 27.288
202406 22.720 155.789 23.025
202409 29.150 157.882 29.150

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


eClerx Services  (NSE:ECLERX) 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.

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

Shiller PE Ratio=Share Price/E10
=3815.55/79.89
=47.76

* 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 eClerx Services was 48.04. The lowest was 3.44. And the median was 21.97.


Be Aware

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


eClerx Services E10 Related Terms

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


eClerx Services Business Description

Traded in Other Exchanges
Address
Nariman Point, 4th Floor, Express Towers, Mumbai, MH, IND, 400 021
eClerx Services Ltd provides a variety of information technology, or IT, and knowledge and business process outsourcing services. The firm's financial services include expense management and accounting and finance, digital marketing services that include customer relationship management and business intelligence, digital branding services that include multi-channel media content management, and cable and telecom services. The company organizes itself into four segments based on geography: United States, United Kingdom, Europe, and Asia-Pacific. The majority of revenue comes from the United States.

eClerx Services Headlines

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