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Subex (NSE:SUBEXLTD) E10 : ₹-1.25 (As of Dec. 2024)


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What is Subex 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.

Subex's adjusted earnings per share data for the three months ended in Dec. 2024 was ₹-0.060. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₹-1.25 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.

During the past 13 years, the highest 3-Year average E10 Growth Rate of Subex was 57.10% per year. The lowest was 57.10% per year. And the median was 57.10% per year.

As of today (2025-04-07), Subex's current stock price is ₹11.68. Subex's E10 for the quarter that ended in Dec. 2024 was ₹-1.25. Subex's Shiller PE Ratio of today is .

During the past 13 years, the highest Shiller PE Ratio of Subex was 508.21. The lowest was 46.84. And the median was 220.32.


Subex E10 Historical Data

The historical data trend for Subex'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.

Subex E10 Chart

Subex 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 -12.18 0.79 -2.36 -0.95 -1.23

Subex 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 -1.07 -1.23 -1.07 -1.17 -1.25

Competitive Comparison of Subex's E10

For the Software - Application subindustry, Subex'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.


Subex's Shiller PE Ratio Distribution in the Software Industry

For the Software industry and Technology sector, Subex's Shiller PE Ratio distribution charts can be found below:

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


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Subex 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, Subex'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)
=-0.06/158.3229*158.3229
=-0.060

Current CPI (Dec. 2024) = 158.3229.

Subex Quarterly Data

per share eps CPI Adj_EPS
201503 0.840 97.163 1.369
201506 -1.330 99.841 -2.109
201509 -0.500 101.753 -0.778
201512 0.110 102.901 0.169
201603 -0.970 102.518 -1.498
201606 0.362 105.961 0.541
201609 0.190 105.961 0.284
201612 0.440 105.196 0.662
201703 -1.850 105.196 -2.784
201706 -0.020 107.109 -0.030
201709 0.050 109.021 0.073
201712 0.060 109.404 0.087
201803 0.270 109.786 0.389
201806 0.070 111.317 0.100
201809 0.110 115.142 0.151
201812 0.040 115.142 0.055
201903 0.230 118.202 0.308
201906 0.100 120.880 0.131
201909 0.120 123.175 0.154
201912 -5.770 126.235 -7.237
202003 0.570 124.705 0.724
202006 0.280 127.000 0.349
202009 0.230 130.118 0.280
202012 0.160 130.889 0.194
202103 0.280 131.771 0.336
202106 0.240 134.084 0.283
202109 0.086 135.847 0.100
202112 0.040 138.161 0.046
202203 0.010 138.822 0.011
202206 0.100 142.347 0.111
202209 -0.090 144.661 -0.098
202212 -0.080 145.763 -0.087
202303 -0.860 146.865 -0.927
202306 -0.350 150.280 -0.369
202309 -0.200 151.492 -0.209
202312 -0.090 152.924 -0.093
202403 -2.830 153.035 -2.928
202406 -0.200 155.789 -0.203
202409 0.010 157.882 0.010
202412 -0.060 158.323 -0.060

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


Subex  (NSE:SUBEXLTD) 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.

During the past 13 years, the highest Shiller P/E Ratio of Subex was 508.21. The lowest was 46.84. And the median was 220.32.


Be Aware

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


Subex E10 Related Terms

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


Subex Business Description

Traded in Other Exchanges
Address
Outer Ring Road, Block -09, 4th Floor B Wing, Survey No. 51 to 64/4, Pritech Park -SEZ, Bellandur Village, Varthur Hobli, Bangalore, KA, IND, 560103
Subex Ltd is an Indian-based company providing telecom AI solutions. The company offers managed and business consulting services. The company enables Communications Service Providers (CSP) to provide good digital connections for customers. The product portfolio of the company includes ROC revenue assurance, ROC fraud management, Enterprise Asset Management, Partner Management, and others. Geographically, the company generates the majority of its revenue from Europe, Middle East, and Africa.

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