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KEC International (NSE:KEC) E10 : ₹18.61 (As of Dec. 2024)


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What is KEC International 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.

KEC International's adjusted earnings per share data for the three months ended in Dec. 2024 was ₹4.870. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₹18.61 for the trailing ten years ended in Dec. 2024.

During the past 12 months, KEC International's average E10 Growth Rate was 9.50% per year. During the past 3 years, the average E10 Growth Rate was 5.00% 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 KEC International was 5.00% per year. The lowest was -12.90% per year. And the median was -3.95% per year.

As of today (2025-03-20), KEC International's current stock price is ₹765.40. KEC International's E10 for the quarter that ended in Dec. 2024 was ₹18.61. KEC International's Shiller PE Ratio of today is 41.13.

During the past 13 years, the highest Shiller PE Ratio of KEC International was 66.96. The lowest was 6.60. And the median was 30.76.


KEC International E10 Historical Data

The historical data trend for KEC International'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.

KEC International E10 Chart

KEC International 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 23.87 15.05 14.70 15.80 17.39

KEC International 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 17.01 17.39 17.97 18.42 18.61

Competitive Comparison of KEC International's E10

For the Engineering & Construction subindustry, KEC International'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.


KEC International's Shiller PE Ratio Distribution in the Construction Industry

For the Construction industry and Industrials sector, KEC International's Shiller PE Ratio distribution charts can be found below:

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



KEC International 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, KEC International'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)
=4.87/159.2043*159.2043
=4.870

Current CPI (Dec. 2024) = 159.2043.

KEC International Quarterly Data

per share eps CPI Adj_EPS
201503 2.440 97.163 3.998
201506 0.660 99.841 1.052
201509 1.090 101.753 1.705
201512 1.020 102.901 1.578
201603 2.970 102.518 4.612
201606 1.200 105.961 1.803
201609 2.530 105.961 3.801
201612 2.430 105.196 3.678
201703 5.660 105.196 8.566
201706 2.450 107.109 3.642
201709 3.470 109.021 5.067
201712 4.350 109.404 6.330
201803 7.640 109.786 11.079
201806 3.380 111.317 4.834
201809 3.810 115.142 5.268
201812 4.370 115.142 6.042
201903 7.730 118.202 10.411
201906 3.450 120.880 4.544
201909 5.410 123.175 6.992
201912 5.640 126.235 7.113
202003 7.500 124.705 9.575
202006 2.750 127.000 3.447
202009 5.550 130.118 6.791
202012 5.640 130.889 6.860
202103 7.560 131.771 9.134
202106 1.790 134.084 2.125
202109 3.120 135.847 3.656
202112 3.640 138.161 4.194
202203 4.360 138.822 5.000
202206 1.210 142.347 1.353
202209 2.150 144.661 2.366
202212 0.680 145.763 0.743
202303 2.810 146.865 3.046
202306 1.650 150.280 1.748
202309 2.170 151.492 2.280
202312 3.770 152.924 3.925
202403 5.900 153.035 6.138
202406 3.410 155.789 3.485
202409 3.320 157.882 3.348
202412 4.870 159.204 4.870

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


KEC International  (NSE:KEC) 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.

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

Shiller PE Ratio=Share Price/E10
=765.40/18.61
=41.13

* 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 KEC International was 66.96. The lowest was 6.60. And the median was 30.76.


Be Aware

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


KEC International E10 Related Terms

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


KEC International Business Description

Traded in Other Exchanges
Address
463, Dr. Annie Besant Road, RPG House, Worli, Mumbai, MH, IND, 400 030
KEC International Ltd is an infrastructure engineering, procurement, and construction company. It has a presence in power transmission and distribution, cable manufacturing, railway construction, water resource management, and renewable energy sectors. The company's business segments include EPC and Others. The company generates the majority of its revenue from the EPC segment. Geographically the company generates revenue from India, UAE, Brazil, Mexico & USA, and Others.

KEC International Headlines

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