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Shah Alloys (NSE:SHAHALLOYS) E10 : ₹9.88 (As of Dec. 2024)


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What is Shah Alloys 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.

Shah Alloys's adjusted earnings per share data for the three months ended in Dec. 2024 was ₹-1.090. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₹9.88 for the trailing ten years ended in Dec. 2024.

During the past 12 months, Shah Alloys's average E10 Growth Rate was 1209.50% 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 Shah Alloys was 46.50% per year. The lowest was 46.50% per year. And the median was 46.50% per year.

As of today (2025-04-10), Shah Alloys's current stock price is ₹53.79. Shah Alloys's E10 for the quarter that ended in Dec. 2024 was ₹9.88. Shah Alloys's Shiller PE Ratio of today is 5.44.

During the past 13 years, the highest Shiller PE Ratio of Shah Alloys was 118.03. The lowest was 4.74. And the median was 11.37.


Shah Alloys E10 Historical Data

The historical data trend for Shah Alloys'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.

Shah Alloys E10 Chart

Shah Alloys 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 -29.56 -33.36 -14.12 -5.96 3.85

Shah Alloys 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 0.75 3.85 5.79 7.32 9.88

Competitive Comparison of Shah Alloys's E10

For the Steel subindustry, Shah Alloys'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.


Shah Alloys's Shiller PE Ratio Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Shah Alloys's Shiller PE Ratio distribution charts can be found below:

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


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Shah Alloys 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, Shah Alloys'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)
=-1.09/158.3229*158.3229
=-1.090

Current CPI (Dec. 2024) = 158.3229.

Shah Alloys Quarterly Data

per share eps CPI Adj_EPS
201503 -31.220 97.163 -50.872
201506 -5.850 99.841 -9.277
201509 76.830 101.753 119.544
201512 -3.620 102.901 -5.570
201603 -6.270 102.518 -9.683
201606 -3.420 105.961 -5.110
201609 -3.430 105.961 -5.125
201612 -1.490 105.196 -2.242
201703 26.840 105.196 40.395
201706 -18.780 107.109 -27.760
201709 -1.810 109.021 -2.629
201712 11.550 109.404 16.714
201803 26.150 109.786 37.711
201806 0.400 111.317 0.569
201809 10.150 115.142 13.956
201812 -3.000 115.142 -4.125
201903 -3.750 118.202 -5.023
201906 1.390 120.880 1.821
201909 -2.930 123.175 -3.766
201912 0.550 126.235 0.690
202003 1.610 124.705 2.044
202006 2.404 127.000 2.997
202009 -0.740 130.118 -0.900
202012 -14.710 130.889 -17.793
202103 -15.646 131.771 -18.799
202106 1.860 134.084 2.196
202109 16.930 135.847 19.731
202112 8.210 138.161 9.408
202203 14.460 138.822 16.491
202206 0.170 142.347 0.189
202209 1.260 144.661 1.379
202212 0.150 145.763 0.163
202303 -2.683 146.865 -2.892
202306 0.350 150.280 0.369
202309 0.180 151.492 0.188
202312 -12.180 152.924 -12.610
202403 2.220 153.035 2.297
202406 -3.380 155.789 -3.435
202409 -3.230 157.882 -3.239
202412 -1.090 158.323 -1.090

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


Shah Alloys  (NSE:SHAHALLOYS) 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.

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

Shiller PE Ratio=Share Price/E10
=53.79/9.88
=5.44

* 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 Shah Alloys was 118.03. The lowest was 4.74. And the median was 11.37.


Be Aware

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


Shah Alloys E10 Related Terms

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


Shah Alloys Business Description

Traded in Other Exchanges
Address
Shah Alloys Corporate House, Sola-Kalol Road, Village Santej, Taluka Kalol, Gandhinagar, GJ, IND, 382 721
Shah Alloys Ltd manufactures and supplies steel in India. The company is engaged in manufacturing of Stainless steel, Alloys and Special steel, Carbon/mild steel and Armour steel in Flat and long products. The product offered by the group includes hot rolled coils, hot rolled sheets, and plates, cold rolled coils and sheets, hot rolled round bars, hot rolled flat bars, angles, bright/peeled bars, beams, and angles. The firm generates a majority of its revenue from the sale of Iron and Steel products which includes Bars, Beams, Flat, Plate and Coil, Slab, and Billets.

Shah Alloys Headlines

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