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Maruti Suzuki India (NSE:MARUTI) E10 : ₹465.90 (As of Sep. 2024)


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What is Maruti Suzuki 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.

Maruti Suzuki India's adjusted earnings per share data for the three months ended in Sep. 2024 was ₹98.680. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₹465.90 for the trailing ten years ended in Sep. 2024.

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 (2024-12-13), Maruti Suzuki India's current stock price is ₹11167.40. Maruti Suzuki India's E10 for the quarter that ended in Sep. 2024 was ₹465.90. Maruti Suzuki India's Shiller PE Ratio of today is 23.97.

During the past 13 years, the highest Shiller PE Ratio of Maruti Suzuki India was 29.52. The lowest was 23.62. And the median was 26.73.


Maruti Suzuki India E10 Historical Data

The historical data trend for Maruti Suzuki 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.

Maruti Suzuki India E10 Chart

Maruti Suzuki 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 - - - - -

Maruti Suzuki India 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 - - - 457.23 465.90

Competitive Comparison of Maruti Suzuki India's E10

For the Auto Manufacturers subindustry, Maruti Suzuki 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.


Maruti Suzuki India's Shiller PE Ratio Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Maruti Suzuki India's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Maruti Suzuki India's Shiller PE Ratio falls into.



Maruti Suzuki 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, Maruti Suzuki India'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)
=98.68/157.8822*157.8822
=98.680

Current CPI (Sep. 2024) = 157.8822.

Maruti Suzuki India Quarterly Data

per share eps CPI Adj_EPS
200503 30.460 43.531 110.475
200603 42.200 45.521 146.363
200703 54.060 48.581 175.687
200803 61.950 52.407 186.632
200903 42.480 56.615 118.465
201003 90.850 65.030 220.568
201103 82.460 70.768 183.966
201203 58.190 76.889 119.487
201303 81.740 85.687 150.610
201403 94.440 91.425 163.089
201503 126.040 97.163 204.805
201603 181.980 102.518 280.256
201703 243.320 105.196 365.184
201803 260.858 109.786 375.136
201806 66.701 111.317 94.603
201809 75.473 115.142 103.488
201812 50.450 115.142 69.177
201903 60.590 118.202 80.930
201906 45.561 120.880 59.508
201909 46.050 123.175 59.026
201912 52.532 126.235 65.702
202003 43.770 124.705 55.415
202006 -8.835 127.000 -10.983
202009 46.990 130.118 57.017
202012 66.100 130.889 79.732
202103 35.810 131.771 42.906
202106 15.720 134.084 18.510
202109 16.120 135.847 18.735
202112 34.490 138.161 39.413
202203 62.100 138.822 70.626
202206 34.300 142.347 38.043
202209 69.930 144.661 76.321
202212 76.530 145.763 82.893
202303 85.490 146.865 91.903
202306 80.880 150.280 84.971
202309 120.430 151.492 125.510
202312 102.000 152.924 105.307
202403 125.710 153.035 129.692
202406 119.580 155.789 121.187
202409 98.680 157.882 98.680

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


Maruti Suzuki India  (NSE:MARUTI) 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.

Maruti Suzuki India's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=11167.40/465.9
=23.97

* 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 Maruti Suzuki India was 29.52. The lowest was 23.62. And the median was 26.73.


Be Aware

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


Maruti Suzuki India E10 Related Terms

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


Maruti Suzuki India Business Description

Traded in Other Exchanges
Address
1, Nelson Mandela Road, Vasant Kunj, New Delhi, IND, 110070
Maruti Suzuki India Ltd, a subsidiary of Suzuki Motor Corp. The company is engaged in the manufacturing, purchase, and sale of motor vehicles, components, and spare parts. Its other activities include the facilitation of pre-owned car sales, fleet management, and car financing. The company manufactures various types of passenger vehicles and light commercial vehicles for its customers belonging to different income categories. Some of the vehicles manufactured by it are; WagonR, Dzire, Ertiga, Fronx (SUV), and others. Geographically, the company generates a majority of its revenue from its business in India and also engages in exports of its products to countries like Chile, Saudi Arabia, South Africa, Mexico, and the Philippines.

Maruti Suzuki India Headlines

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