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Symphony (NSE:SYMPHONY) E10 : ₹24.29 (As of Mar. 2025)


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What is Symphony 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.

Symphony's adjusted earnings per share data for the three months ended in Mar. 2025 was ₹11.390. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₹24.29 for the trailing ten years ended in Mar. 2025.

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 (2025-07-04), Symphony's current stock price is ₹1130.70. Symphony's E10 for the quarter that ended in Mar. 2025 was ₹24.29. Symphony's Shiller PE Ratio of today is 46.55.

During the past 13 years, the highest Shiller PE Ratio of Symphony was 74.08. The lowest was 44.48. And the median was 53.37.


Symphony E10 Historical Data

The historical data trend for Symphony'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.

Symphony E10 Chart

Symphony Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 24.29

Symphony Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 - 24.04 24.63 23.72 24.29

Competitive Comparison of Symphony's E10

For the Furnishings, Fixtures & Appliances subindustry, Symphony'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.


Symphony's Shiller PE Ratio Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Symphony's Shiller PE Ratio distribution charts can be found below:

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


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Symphony 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, Symphony's adjusted earnings per share data for the three months ended in Mar. 2025 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=11.39/157.5517*157.5517
=11.390

Current CPI (Mar. 2025) = 157.5517.

Symphony Quarterly Data

per share eps CPI Adj_EPS
201006 0.000 66.560 0.000
201106 0.000 72.298 0.000
201206 0.000 79.567 0.000
201306 0.000 88.365 0.000
201406 0.000 94.103 0.000
201506 0.000 99.841 0.000
201603 0.000 102.518 0.000
201703 0.000 105.196 0.000
201706 5.610 107.109 8.252
201709 2.910 109.021 4.205
201712 9.320 109.404 13.422
201803 5.550 109.786 7.965
201806 2.859 111.317 4.046
201809 4.390 115.142 6.007
201812 5.290 115.142 7.238
201903 0.590 118.202 0.786
201906 4.800 120.880 6.256
201909 8.180 123.175 10.463
201912 7.340 126.235 9.161
202003 5.607 124.705 7.084
202006 0.220 127.000 0.273
202009 2.170 130.118 2.628
202012 3.910 130.889 4.706
202103 9.044 131.771 10.813
202106 0.870 134.084 1.022
202109 4.320 135.847 5.010
202112 2.960 138.161 3.375
202203 9.050 138.822 10.271
202206 4.210 142.347 4.660
202209 4.670 144.661 5.086
202212 5.510 145.763 5.956
202303 2.290 146.865 2.457
202306 3.440 150.280 3.606
202309 5.060 151.492 5.262
202312 5.910 152.924 6.089
202403 7.020 153.035 7.227
202406 12.760 155.789 12.904
202409 8.110 157.882 8.093
202412 -1.370 158.323 -1.363
202503 11.390 157.552 11.390

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


Symphony  (NSE:SYMPHONY) 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.

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

Shiller PE Ratio=Share Price/E10
=1130.70/24.29
=46.55

* 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 Symphony was 74.08. The lowest was 44.48. And the median was 53.37.


Be Aware

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


Symphony E10 Related Terms

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


Symphony Business Description

Traded in Other Exchanges
Address
FP-12, TP-50, Off S.G. Highway, Symphony House, Third Floor, Bodakdev, Ahmedabad, GJ, IND, 380059
Symphony Ltd is an India-based company engaged in the field of residential, commercial, and industrial air cooling and other appliances both in the domestic and international markets. Its products include Household air coolers, Commercial air coolers, Tower fans, and Large space venti cooling among others. Geographically, the company generates a majority of its revenue within India and the rest from other countries.

Symphony Headlines

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