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Page Industries (NSE:PAGEIND) E10 : ₹464.41 (As of Dec. 2024)


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What is Page Industries 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.

Page Industries's adjusted earnings per share data for the three months ended in Dec. 2024 was ₹183.480. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₹464.41 for the trailing ten years ended in Dec. 2024.

During the past 12 months, Page Industries's average E10 Growth Rate was 12.20% per year. During the past 3 years, the average E10 Growth Rate was 14.10% per year. During the past 5 years, the average E10 Growth Rate was 12.30% 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 Page Industries was 14.10% per year. The lowest was 10.40% per year. And the median was 13.20% per year.

As of today (2025-03-15), Page Industries's current stock price is ₹40099.25. Page Industries's E10 for the quarter that ended in Dec. 2024 was ₹464.41. Page Industries's Shiller PE Ratio of today is 86.34.

During the past 13 years, the highest Shiller PE Ratio of Page Industries was 154.89. The lowest was 63.97. And the median was 99.62.


Page Industries E10 Historical Data

The historical data trend for Page Industries'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.

Page Industries E10 Chart

Page Industries 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 258.56 281.36 321.18 373.65 418.05

Page Industries 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 413.22 418.05 431.20 448.37 464.41

Competitive Comparison of Page Industries's E10

For the Apparel Manufacturing subindustry, Page Industries'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.


Page Industries's Shiller PE Ratio Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Page Industries's Shiller PE Ratio distribution charts can be found below:

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



Page Industries 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, Page Industries'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)
=183.48/159.2043*159.2043
=183.480

Current CPI (Dec. 2024) = 159.2043.

Page Industries Quarterly Data

per share eps CPI Adj_EPS
201503 42.250 97.163 69.228
201506 56.150 99.841 89.536
201509 53.980 101.753 84.458
201512 46.630 102.901 72.144
201603 50.800 102.518 78.889
201606 60.920 105.961 91.531
201609 61.570 105.961 92.508
201612 56.380 105.196 85.326
201703 59.880 105.196 90.623
201706 76.470 107.109 113.664
201709 75.360 109.021 110.048
201712 74.770 109.404 108.805
201803 84.480 109.786 122.507
201806 111.560 111.317 159.553
201809 83.050 115.142 114.832
201812 91.350 115.142 126.308
201903 67.230 118.202 90.551
201906 99.220 120.880 130.677
201909 102.660 123.175 132.689
201912 78.020 126.235 98.397
202003 27.820 124.705 35.516
202006 -35.460 127.000 -44.452
202009 99.400 130.118 121.620
202012 137.800 130.889 167.610
202103 103.610 131.771 125.181
202106 9.820 134.084 11.660
202109 143.880 135.847 168.618
202112 156.510 138.161 180.348
202203 170.820 138.822 195.901
202206 185.620 142.347 207.601
202209 145.360 144.661 159.973
202212 110.930 145.763 121.159
202303 70.240 146.865 76.142
202306 141.980 150.280 150.411
202309 134.730 151.492 141.589
202312 136.590 152.924 142.199
202403 97.010 153.035 100.921
202406 148.130 155.789 151.377
202409 175.060 157.882 176.526
202412 183.480 159.204 183.480

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


Page Industries  (NSE:PAGEIND) 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.

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

Shiller PE Ratio=Share Price/E10
=40099.25/464.41
=86.34

* 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 Page Industries was 154.89. The lowest was 63.97. And the median was 99.62.


Be Aware

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


Page Industries E10 Related Terms

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


Page Industries Business Description

Traded in Other Exchanges
Address
Outer Ring Road, Umiya Business Bay, 7th Floor, Tower-1, Cessna Business Park, Kadubeesanahalli, Varthur Hobli, Bengaluru, KA, IND, 560103
Page Industries Ltd is the exclusive licensee for the manufacture, marketing, and distribution of Jockey and Speedo-branded innerwear, swimwear, and other apparel in India. The company also has the rights to Jockey in Sri Lanka, Bangladesh, Nepal, and the United Arab Emirates. Sales of innerwear and leisurewear products contribute a substantial amount to the company's revenue. Swimwear and other items make up the remaining revenue. The company sells its products through exclusive brand stores, some of which are run by franchisees, large-format stores, multibrand stores, and its e-commerce channel. The company's segments are; Innerwear and leisurewear which derives key revenue, and others. Geographically, the majority of the company's revenue is generated within India.

Page Industries Headlines

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