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Man Industries (India) (NSE:MANINDS) E10 : ₹19.84 (As of Dec. 2024)


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What is Man Industries (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.

Man Industries (India)'s adjusted earnings per share data for the three months ended in Dec. 2024 was ₹5.160. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₹19.84 for the trailing ten years ended in Dec. 2024.

During the past 12 months, Man Industries (India)'s average E10 Growth Rate was -20.50% 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 (2025-03-15), Man Industries (India)'s current stock price is ₹252.42. Man Industries (India)'s E10 for the quarter that ended in Dec. 2024 was ₹19.84. Man Industries (India)'s Shiller PE Ratio of today is 12.72.

During the past 13 years, the highest Shiller PE Ratio of Man Industries (India) was 23.62. The lowest was 1.76. And the median was 13.49.


Man Industries (India) E10 Historical Data

The historical data trend for Man Industries (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.

Man Industries (India) E10 Chart

Man Industries (India) 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 - - - 39.01 22.63

Man Industries (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 24.97 22.63 19.84 19.82 19.84

Competitive Comparison of Man Industries (India)'s E10

For the Steel subindustry, Man Industries (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.


Man Industries (India)'s Shiller PE Ratio Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Man Industries (India)'s Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Man Industries (India)'s Shiller PE Ratio falls into.



Man Industries (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, Man Industries (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)
=5.16/159.2043*159.2043
=5.160

Current CPI (Dec. 2024) = 159.2043.

Man Industries (India) Quarterly Data

per share eps CPI Adj_EPS
201206 3.460 79.567 6.923
201209 4.240 82.244 8.208
201212 2.580 83.774 4.903
201303 0.460 85.687 0.855
201306 0.400 88.365 0.721
201309 0.220 91.042 0.385
201312 0.420 91.425 0.731
201403 0.640 91.425 1.114
201406 0.550 94.103 0.930
201503 8.820 97.163 14.452
201603 15.140 102.518 23.511
201703 5.880 105.196 8.899
201803 11.150 109.786 16.169
201806 4.380 111.317 6.264
201809 2.640 115.142 3.650
201812 2.690 115.142 3.719
201903 0.580 118.202 0.781
201906 0.640 120.880 0.843
201909 1.760 123.175 2.275
201912 5.130 126.235 6.470
202003 2.190 124.705 2.796
202006 3.000 127.000 3.761
202009 4.780 130.118 5.849
202012 5.090 130.889 6.191
202103 4.300 131.771 5.195
202106 3.210 134.084 3.811
202109 4.070 135.847 4.770
202112 5.210 138.161 6.004
202203 4.630 138.822 5.310
202206 1.630 142.347 1.823
202209 -0.850 144.661 -0.935
202212 6.200 145.763 6.772
202303 4.180 146.865 4.531
202306 1.900 150.280 2.013
202309 6.680 151.492 7.020
202312 4.890 152.924 5.091
202403 3.728 153.035 3.878
202406 2.830 155.789 2.892
202409 4.740 157.882 4.780
202412 5.160 159.204 5.160

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


Man Industries (India)  (NSE:MANINDS) 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.

Man Industries (India)'s Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=252.42/19.84
=12.72

* 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 Man Industries (India) was 23.62. The lowest was 1.76. And the median was 13.49.


Be Aware

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


Man Industries (India) E10 Related Terms

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


Man Industries (India) Business Description

Traded in Other Exchanges
Address
MAN House, 101, S.V. Road, Opposite Pawan Hans, Vile Parle (West), Mumbai, MH, IND, 400056
Man Industries (India) Ltd is the manufacturer and exporter of large diameter carbon steel submerged arc welded pipes in India. It offers the product which includes longitudinal submerged arc welded (LSAW) pipes, spiral or helical submerged arc welded pipes, casting pipes with end connectors at both ends and all types of anti-corrosion coatings. In addition, it also caters to its international clients in the oil and gas industry, petrochemicals, water, dredging, fertilizers and part of infrastructure projects.

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