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Swaraj Engines (NSE:SWARAJENG) E10 : ₹95.51 (As of Dec. 2024)


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What is Swaraj Engines 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.

Swaraj Engines's adjusted earnings per share data for the three months ended in Dec. 2024 was ₹26.300. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₹95.51 for the trailing ten years ended in Dec. 2024.

During the past 12 months, Swaraj Engines's average E10 Growth Rate was 8.90% per year. During the past 3 years, the average E10 Growth Rate was 8.20% 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 Swaraj Engines was 8.20% per year. The lowest was 8.20% per year. And the median was 8.20% per year.

As of today (2025-04-17), Swaraj Engines's current stock price is ₹4184.80. Swaraj Engines's E10 for the quarter that ended in Dec. 2024 was ₹95.51. Swaraj Engines's Shiller PE Ratio of today is 43.82.

During the past 13 years, the highest Shiller PE Ratio of Swaraj Engines was 40.68. The lowest was 17.48. And the median was 22.67.


Swaraj Engines E10 Historical Data

The historical data trend for Swaraj Engines'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.

Swaraj Engines E10 Chart

Swaraj Engines 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 - 69.83 75.13 82.76 88.12

Swaraj Engines 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 87.77 88.12 91.25 93.84 95.51

Competitive Comparison of Swaraj Engines's E10

For the Auto Parts subindustry, Swaraj Engines'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.


Swaraj Engines's Shiller PE Ratio Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Swaraj Engines's Shiller PE Ratio distribution charts can be found below:

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


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Swaraj Engines 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, Swaraj Engines'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)
=26.3/158.3229*158.3229
=26.300

Current CPI (Dec. 2024) = 158.3229.

Swaraj Engines Quarterly Data

per share eps CPI Adj_EPS
201503 6.640 97.163 10.820
201506 12.600 99.841 19.981
201509 12.510 101.753 19.465
201512 6.720 102.901 10.339
201603 9.460 102.518 14.609
201606 15.290 105.961 22.846
201609 15.490 105.961 23.145
201612 12.310 105.196 18.527
201703 12.300 105.196 18.512
201706 17.300 107.109 25.572
201709 18.890 109.021 27.432
201712 13.860 109.404 20.057
201803 14.490 109.786 20.896
201806 19.000 111.317 27.023
201809 20.900 115.142 28.738
201812 14.290 115.142 19.649
201903 13.720 118.202 18.377
201906 13.940 120.880 18.258
201909 20.920 123.175 26.890
201912 10.610 126.235 13.307
202003 13.060 124.705 16.581
202006 6.450 127.000 8.041
202009 22.340 130.118 27.183
202012 20.590 130.889 24.906
202103 26.820 131.771 32.224
202106 27.700 134.084 32.707
202109 27.800 135.847 32.400
202112 16.620 138.161 19.045
202203 18.000 138.822 20.529
202206 32.550 142.347 36.203
202209 29.540 144.661 32.330
202212 19.120 145.763 20.768
202303 28.780 146.865 31.025
202306 33.680 150.280 35.483
202309 31.010 151.492 32.408
202312 19.830 152.924 20.530
202403 28.960 153.035 29.961
202406 35.550 155.789 36.128
202409 37.380 157.882 37.484
202412 26.300 158.323 26.300

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


Swaraj Engines  (NSE:SWARAJENG) 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.

Swaraj Engines's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=4184.80/95.51
=43.82

* 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 Swaraj Engines was 40.68. The lowest was 17.48. And the median was 22.67.


Be Aware

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


Swaraj Engines E10 Related Terms

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


Swaraj Engines Business Description

Traded in Other Exchanges
Address
Phase-IV, Industrial Area, S.A.S. Nagar, Mohali, PB, IND, 160 055
Swaraj Engines Ltd is an India-based company engaged in the principal business of manufacturing and selling diesel engines for tractors. It is also into manufacturing hi-tech engine components It operates in the segments of manufacturing Diesel engines, Diesel engine components, and Spare parts. It derives a majority of its revenue from the sale of Engines. The Engine products offered by the company comprise the range 20-30 HP, 30-40 HP, 40-50 HP and 50-60 HP.

Swaraj Engines Headlines

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