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MAS Financial Services (NSE:MASFIN) E10 : ₹10.22 (As of Dec. 2024)


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What is MAS Financial 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.

MAS Financial Services's adjusted earnings per share data for the fiscal year that ended in Mar. 2024 was ₹15.310. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₹10.22 for the trailing ten years ended in Mar. 2024.

During the past 3 years, the average E10 Growth Rate was 16.70% 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 MAS Financial Services was 16.70% per year. The lowest was 16.70% per year. And the median was 16.70% per year.

As of today (2025-04-06), MAS Financial Services's current stock price is ₹ 255.10. MAS Financial Services's E10 for the fiscal year that ended in Mar. 2024 was ₹10.22. MAS Financial Services's Shiller PE Ratio of today is 24.96.

During the past 13 years, the highest Shiller PE Ratio of MAS Financial Services was 47.83. The lowest was 22.00. And the median was 28.76.


MAS Financial Services E10 Historical Data

The historical data trend for MAS Financial 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.

MAS Financial Services E10 Chart

MAS Financial 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 - 6.42 7.48 8.74 10.22

MAS Financial Services 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 - 10.22 - - -

Competitive Comparison of MAS Financial Services's E10

For the Credit Services subindustry, MAS Financial 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.


MAS Financial Services's Shiller PE Ratio Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, MAS Financial Services's Shiller PE Ratio distribution charts can be found below:

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


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MAS Financial 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, MAS Financial Services's adjusted earnings per share data for the fiscal year that ended in Mar. 2024 was:

Adj_EPS=Earnings per Share (Diluted) /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=15.31/153.0345*153.0345
=15.310

Current CPI (Mar. 2024) = 153.0345.

MAS Financial Services Annual Data

per_share_eps CPI Adj_EPS
201503 3.165 97.163 4.985
201603 4.023 102.518 6.005
201703 5.110 105.196 7.434
201803 7.193 109.786 10.027
201903 9.363 118.202 12.122
202003 10.207 124.705 12.526
202103 8.803 131.771 10.224
202203 9.710 138.822 10.704
202303 12.390 146.865 12.911
202403 15.310 153.035 15.310

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


MAS Financial Services  (NSE:MASFIN) 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.

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

Shiller PE Ratio=Share Price/E10
=255.10/10.22
=24.96

* 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 MAS Financial Services was 47.83. The lowest was 22.00. And the median was 28.76.


Be Aware

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


MAS Financial Services E10 Related Terms

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


MAS Financial Services Business Description

Traded in Other Exchanges
Address
Ashram Road, 6, Narayan Chambers, Ground Floor, Behind Patang Hotel, Nehru Bridge Corner, Ahmedabad, GJ, IND, 380 009
MAS Financial Services Ltd operates as a non-banking financial company. It is mainly in the retail business, comprising Micro, small, and medium enterprises, two-wheelers, three-wheelers, and multi-utility vehicles loans to individual borrowers and loans to microfinance institutions and other non-banking financial companies. It focuses on the lower-income and middle-income groups of society, spread across urban, semi-urban, and rural areas, including formal and informal sectors.

MAS Financial Services Headlines

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