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Modison (NSE:MODISONLTD) E10 : ₹8.38 (As of Dec. 2024)


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What is Modison 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.

Modison's adjusted earnings per share data for the three months ended in Dec. 2024 was ₹1.790. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₹8.38 for the trailing ten years ended in Dec. 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 (2025-03-26), Modison's current stock price is ₹131.29. Modison's E10 for the quarter that ended in Dec. 2024 was ₹8.38. Modison's Shiller PE Ratio of today is 15.67.

During the past 13 years, the highest Shiller PE Ratio of Modison was 21.93. The lowest was 14.58. And the median was 18.63.


Modison E10 Historical Data

The historical data trend for Modison'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.

Modison E10 Chart

Modison 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 - - - - -

Modison 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 - - - - 8.38

Competitive Comparison of Modison's E10

For the Electrical Equipment & Parts subindustry, Modison'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.


Modison's Shiller PE Ratio Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Modison's Shiller PE Ratio distribution charts can be found below:

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



Modison 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, Modison'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)
=1.79/158.3229*158.3229
=1.790

Current CPI (Dec. 2024) = 158.3229.

Modison Quarterly Data

per share eps CPI Adj_EPS
201203 0.000 76.889 0.000
201206 0.880 79.567 1.751
201209 0.540 82.244 1.040
201212 0.600 83.774 1.134
201303 -0.010 85.687 -0.018
201306 0.650 88.365 1.165
201309 1.550 91.042 2.695
201312 0.900 91.425 1.559
201403 0.640 91.425 1.108
201406 0.180 94.103 0.303
201409 0.800 96.780 1.309
201412 0.140 96.780 0.229
201503 0.310 97.163 0.505
201603 0.000 102.518 0.000
201703 0.000 105.196 0.000
201803 0.000 109.786 0.000
201903 0.000 118.202 0.000
201906 0.300 120.880 0.393
201909 0.760 123.175 0.977
201912 1.680 126.235 2.107
202003 1.920 124.705 2.438
202006 -0.030 127.000 -0.037
202009 2.870 130.118 3.492
202012 1.090 130.889 1.318
202103 2.970 131.771 3.568
202106 0.510 134.084 0.602
202109 1.690 135.847 1.970
202112 0.850 138.161 0.974
202203 1.460 138.822 1.665
202206 1.570 142.347 1.746
202209 0.140 144.661 0.153
202212 -0.630 145.763 -0.684
202303 2.360 146.865 2.544
202306 1.700 150.280 1.791
202309 1.730 151.492 1.808
202312 1.260 152.924 1.304
202403 1.890 153.035 1.955
202406 0.350 155.789 0.356
202409 2.530 157.882 2.537
202412 1.790 158.323 1.790

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


Modison  (NSE:MODISONLTD) 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.

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

Shiller PE Ratio=Share Price/E10
=131.29/8.38
=15.67

* 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 Modison was 21.93. The lowest was 14.58. And the median was 18.63.


Be Aware

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


Modison E10 Related Terms

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


Modison Business Description

Traded in Other Exchanges
Address
33 Nariman Bhavan, 227 Nariman Point, Mumbai, MH, IND, 400021
Modison Ltd is an India-based holding company. It is a manufacturer of Electrical contacts in all three segments, LV, MV & HV. Its products are Electrical Contacts that include Low Voltage Electrical Contacts, Medium & High Voltage Electrical Contacts, Precious Metal Compounds; Silver Bullion; and Value Added Services. The company operates in the manufacturing of electrical contacts segment. The majority of its revenue is earned through the Indian market, and it also has a presence in various other countries.

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