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Pitti Engineering (NSE:PITTIENG) E10 : ₹12.85 (As of Dec. 2024)


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What is Pitti Engineering 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.

Pitti Engineering's adjusted earnings per share data for the three months ended in Dec. 2024 was ₹7.640. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₹12.85 for the trailing ten years ended in Dec. 2024.

During the past 12 months, Pitti Engineering's average E10 Growth Rate was 39.70% 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.

As of today (2025-03-29), Pitti Engineering's current stock price is ₹1047.05. Pitti Engineering's E10 for the quarter that ended in Dec. 2024 was ₹12.85. Pitti Engineering's Shiller PE Ratio of today is 81.48.

During the past 13 years, the highest Shiller PE Ratio of Pitti Engineering was 125.77. The lowest was 32.99. And the median was 62.80.


Pitti Engineering E10 Historical Data

The historical data trend for Pitti Engineering'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.

Pitti Engineering E10 Chart

Pitti Engineering 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 - - 5.91 7.49 10.63

Pitti Engineering 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 9.21 10.63 11.35 12.40 12.85

Competitive Comparison of Pitti Engineering's E10

For the Metal Fabrication subindustry, Pitti Engineering'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.


Pitti Engineering's Shiller PE Ratio Distribution in the Industrial Products Industry

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

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


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Pitti Engineering 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, Pitti Engineering'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)
=7.64/158.3229*158.3229
=7.640

Current CPI (Dec. 2024) = 158.3229.

Pitti Engineering Quarterly Data

per share eps CPI Adj_EPS
201503 1.705 97.163 2.778
201506 0.560 99.841 0.888
201509 -1.030 101.753 -1.603
201512 -1.490 102.901 -2.293
201603 -1.580 102.518 -2.440
201606 0.340 105.961 0.508
201609 0.362 105.961 0.541
201612 0.951 105.196 1.431
201703 0.150 105.196 0.226
201706 0.922 107.109 1.363
201709 1.440 109.021 2.091
201712 1.090 109.404 1.577
201803 0.730 109.786 1.053
201806 1.390 111.317 1.977
201809 2.520 115.142 3.465
201812 1.740 115.142 2.393
201903 1.300 118.202 1.741
201906 1.500 120.880 1.965
201909 2.190 123.175 2.815
201912 1.270 126.235 1.593
202003 0.470 124.705 0.597
202006 -3.050 127.000 -3.802
202009 3.150 130.118 3.833
202012 2.260 130.889 2.734
202103 6.610 131.771 7.942
202106 2.290 134.084 2.704
202109 4.100 135.847 4.778
202112 3.610 138.161 4.137
202203 6.170 138.822 7.037
202206 3.650 142.347 4.060
202209 3.170 144.661 3.469
202212 3.790 145.763 4.117
202303 7.750 146.865 8.355
202306 4.360 150.280 4.593
202309 6.430 151.492 6.720
202312 4.590 152.924 4.752
202403 15.380 153.035 15.911
202406 6.410 155.789 6.514
202409 10.200 157.882 10.228
202412 7.640 158.323 7.640

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


Pitti Engineering  (NSE:PITTIENG) 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.

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

Shiller PE Ratio=Share Price/E10
=1047.05/12.85
=81.48

* 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 Pitti Engineering was 125.77. The lowest was 32.99. And the median was 62.80.


Be Aware

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


Pitti Engineering E10 Related Terms

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


Pitti Engineering Business Description

Traded in Other Exchanges
Address
Padmaja Landmark, 6-3-648/401, 4th Floor, Somajiguda, Hyderabad, TG, IND, 500082
Pitti Engineering Ltd is a company engaged in the manufacture of special-purpose laminations of all types of rotating electrical machinery. It is also into manufacturing electrical steel laminations, motor cores, sub-assemblies, die-cast rotors, and press tools. The company's products have applications in industrial motors, alternators, hydroelectric and thermal power generators, wind power generators, DC machines, railway traction motors, pumps, medical diagnostic equipment, and aeronautic wing control motors. It sells its products both in domestic and international markets and generates maximum revenue from India.

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