GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » PNB Gilts Ltd (NSE:PNBGILTS) » Definitions » E10

PNB Gilts (NSE:PNBGILTS) E10 : ₹8.60 (As of Dec. 2024)


View and export this data going back to 2000. Start your Free Trial

What is PNB Gilts 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.

PNB Gilts's adjusted earnings per share data for the three months ended in Dec. 2024 was ₹-0.560. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₹8.60 for the trailing ten years ended in Dec. 2024.

During the past 12 months, PNB Gilts's average E10 Growth Rate was 10.70% 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 (2025-03-04), PNB Gilts's current stock price is ₹79.93. PNB Gilts's E10 for the quarter that ended in Dec. 2024 was ₹8.60. PNB Gilts's Shiller PE Ratio of today is 9.29.

During the past 13 years, the highest Shiller PE Ratio of PNB Gilts was 17.94. The lowest was 7.19. And the median was 10.45.


PNB Gilts E10 Historical Data

The historical data trend for PNB Gilts'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.

PNB Gilts E10 Chart

PNB Gilts 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 - - 8.49 7.92 8.08

PNB Gilts 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 7.77 8.08 8.29 8.92 8.60

Competitive Comparison of PNB Gilts's E10

For the Capital Markets subindustry, PNB Gilts'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.


PNB Gilts's Shiller PE Ratio Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, PNB Gilts's Shiller PE Ratio distribution charts can be found below:

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



PNB Gilts 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, PNB Gilts'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)
=-0.56/159.2043*159.2043
=-0.560

Current CPI (Dec. 2024) = 159.2043.

PNB Gilts Quarterly Data

per share eps CPI Adj_EPS
201503 0.750 97.163 1.229
201506 -0.180 99.841 -0.287
201509 1.380 101.753 2.159
201512 0.520 102.901 0.805
201603 0.200 102.518 0.311
201606 1.080 105.961 1.623
201609 3.900 105.961 5.860
201612 3.660 105.196 5.539
201703 0.650 105.196 0.984
201706 1.240 107.109 1.843
201709 0.360 109.021 0.526
201712 -2.000 109.404 -2.910
201803 0.610 109.786 0.885
201806 -2.460 111.317 -3.518
201809 0.610 115.142 0.843
201812 5.180 115.142 7.162
201903 -0.400 118.202 -0.539
201906 2.510 120.880 3.306
201909 -0.110 123.175 -0.142
201912 2.450 126.235 3.090
202003 5.500 124.705 7.022
202006 15.800 127.000 19.806
202009 0.930 130.118 1.138
202012 9.280 130.889 11.288
202103 -0.780 131.771 -0.942
202106 2.220 134.084 2.636
202109 4.610 135.847 5.403
202112 -0.340 138.161 -0.392
202203 2.730 138.822 3.131
202206 -4.940 142.347 -5.525
202209 -0.440 144.661 -0.484
202212 0.340 145.763 0.371
202303 0.750 146.865 0.813
202306 3.220 150.280 3.411
202309 -2.280 151.492 -2.396
202312 -0.860 152.924 -0.895
202403 3.790 153.035 3.943
202406 2.970 155.789 3.035
202409 6.370 157.882 6.423
202412 -0.560 159.204 -0.560

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


PNB Gilts  (NSE:PNBGILTS) 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.

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

Shiller PE Ratio=Share Price/E10
=79.93/8.60
=9.29

* 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 PNB Gilts was 17.94. The lowest was 7.19. And the median was 10.45.


Be Aware

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


PNB Gilts E10 Related Terms

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


PNB Gilts Business Description

Traded in Other Exchanges
Address
5, Sansad Marg, New Delhi, IND, 110001
PNB Gilts Ltd is engaged in the business of dealing with government securities. The company offers Treasury-Bills/Commercial paper/ Certificates of deposit, Corporate bonds, and debentures, Government securities, Derivatives, Fixed deposits, and Mutual funds. Its primary activities include supporting government borrowing programs through the underwriting of government securities issuances and trading in a gamut of fixed-income instruments, such as government securities, treasury bills, state development loans, corporate bonds, interest rate swaps, and various money market instruments, such as certificates of deposits and commercial papers.

PNB Gilts Headlines

No Headlines