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Kalyani Steels (NSE:KSL) E10 : ₹54.15 (As of Dec. 2024)


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What is Kalyani Steels 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.

Kalyani Steels's adjusted earnings per share data for the three months ended in Dec. 2024 was ₹12.930. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₹54.15 for the trailing ten years ended in Dec. 2024.

During the past 12 months, Kalyani Steels's average E10 Growth Rate was 11.60% per year. During the past 3 years, the average E10 Growth Rate was -2.60% 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 Kalyani Steels was -2.60% per year. The lowest was -2.60% per year. And the median was -2.60% per year.

As of today (2025-03-24), Kalyani Steels's current stock price is ₹810.40. Kalyani Steels's E10 for the quarter that ended in Dec. 2024 was ₹54.15. Kalyani Steels's Shiller PE Ratio of today is 14.97.

During the past 13 years, the highest Shiller PE Ratio of Kalyani Steels was 22.01. The lowest was 4.80. And the median was 8.12.


Kalyani Steels E10 Historical Data

The historical data trend for Kalyani Steels'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.

Kalyani Steels E10 Chart

Kalyani Steels 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 - 54.03 42.89 43.22 50.01

Kalyani Steels 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 48.80 50.01 51.62 53.36 54.15

Competitive Comparison of Kalyani Steels's E10

For the Steel subindustry, Kalyani Steels'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.


Kalyani Steels's Shiller PE Ratio Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Kalyani Steels's Shiller PE Ratio distribution charts can be found below:

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



Kalyani Steels 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, Kalyani Steels'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)
=12.93/158.3229*158.3229
=12.930

Current CPI (Dec. 2024) = 158.3229.

Kalyani Steels Quarterly Data

per share eps CPI Adj_EPS
201403 4.870 91.425 8.434
201406 3.500 94.103 5.889
201409 5.220 96.780 8.539
201412 4.860 96.780 7.950
201503 5.510 97.163 8.978
201506 6.620 99.841 10.498
201509 6.750 101.753 10.503
201512 5.980 102.901 9.201
201603 6.640 102.518 10.254
201606 10.720 105.961 16.017
201609 8.610 105.961 12.865
201703 35.790 105.196 53.865
201803 26.480 109.786 38.187
201806 6.410 111.317 9.117
201809 6.520 115.142 8.965
201812 7.900 115.142 10.863
201903 9.340 118.202 12.510
201906 8.360 120.880 10.950
201909 10.340 123.175 13.291
201912 7.400 126.235 9.281
202003 5.190 124.705 6.589
202006 2.010 127.000 2.506
202009 10.390 130.118 12.642
202012 13.850 130.889 16.753
202103 17.340 131.771 20.834
202106 16.020 134.084 18.916
202109 14.160 135.847 16.503
202112 9.800 138.161 11.230
202203 15.670 138.822 17.871
202206 5.410 142.347 6.017
202209 7.930 144.661 8.679
202212 8.960 145.763 9.732
202303 15.960 146.865 17.205
202306 14.030 150.280 14.781
202309 13.360 151.492 13.962
202312 14.970 152.924 15.498
202403 14.630 153.035 15.136
202406 11.960 155.789 12.155
202409 15.440 157.882 15.483
202412 12.930 158.323 12.930

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


Kalyani Steels  (NSE:KSL) 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.

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

Shiller PE Ratio=Share Price/E10
=810.40/54.15
=14.97

* 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 Kalyani Steels was 22.01. The lowest was 4.80. And the median was 8.12.


Be Aware

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


Kalyani Steels E10 Related Terms

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


Kalyani Steels Business Description

Traded in Other Exchanges
Address
Mundhwa, Corporate Building, 2nd Floor, Pune, MH, IND, 411 036
Kalyani Steels Ltd manufactures forging and engineering quality carbon and alloy steel. Its product portfolio consists of carbon steel, carbon-manganese steel, chrome steel, chrome-manganese steel, chrome-nickel steel, chrome-moly steel, low carbon chrome-nickel-moly steel, medium carbon cr-ni-mo steel and bearing steel. The company's products are used in automotive forging, construction equipment, bearings, seamless tubes, and aluminum smelting. The majority of the revenue is generated by the sale of Rolled Products, As Cast Blooms and Pig Iron. These operating segment have been aggregated into one reportable business segment which is Forging and Engineering quality carbon and alloy steels.

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