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Zee Entertainment Enterprises (NSE:ZEEL) E10 : ₹13.74 (As of Dec. 2023)


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What is Zee Entertainment Enterprises 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.

Zee Entertainment Enterprises's adjusted earnings per share data for the three months ended in Dec. 2023 was ₹0.610. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₹13.74 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Zee Entertainment Enterprises's average E10 Growth Rate was -5.90% per year. During the past 3 years, the average E10 Growth Rate was -7.00% 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 Zee Entertainment Enterprises was -7.00% per year. The lowest was -7.00% per year. And the median was -7.00% per year.

As of today (2024-05-14), Zee Entertainment Enterprises's current stock price is ₹129.80. Zee Entertainment Enterprises's E10 for the quarter that ended in Dec. 2023 was ₹13.74. Zee Entertainment Enterprises's Shiller PE Ratio of today is 9.45.

During the past 13 years, the highest Shiller PE Ratio of Zee Entertainment Enterprises was 25.84. The lowest was 6.65. And the median was 14.77.


Zee Entertainment Enterprises E10 Historical Data

The historical data trend for Zee Entertainment Enterprises'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.

Zee Entertainment Enterprises E10 Chart

Zee Entertainment Enterprises Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 17.66 14.89 14.62 14.19

Zee Entertainment Enterprises Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 14.60 14.19 14.06 13.89 13.74

Competitive Comparison of Zee Entertainment Enterprises's E10

For the Broadcasting subindustry, Zee Entertainment Enterprises'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.


Zee Entertainment Enterprises's Shiller PE Ratio Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Zee Entertainment Enterprises's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Zee Entertainment Enterprises's Shiller PE Ratio falls into.



Zee Entertainment Enterprises 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, Zee Entertainment Enterprises's adjusted earnings per share data for the three months ended in Dec. 2023 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=0.61/153.2548*153.2548
=0.610

Current CPI (Dec. 2023) = 153.2548.

Zee Entertainment Enterprises Quarterly Data

per share eps CPI Adj_EPS
201403 2.160 91.425 3.621
201406 1.880 94.103 3.062
201409 2.000 96.780 3.167
201412 2.830 96.780 4.481
201503 2.030 97.163 3.202
201506 1.860 99.841 2.855
201509 1.950 101.753 2.937
201512 2.400 102.901 3.574
201603 2.360 102.518 3.528
201606 2.260 105.961 3.269
201609 2.480 105.961 3.587
201612 2.610 105.196 3.802
201703 15.780 105.196 22.989
201706 2.590 107.109 3.706
201709 6.510 109.021 9.151
201712 3.900 109.404 5.463
201803 2.410 109.786 3.364
201806 3.400 111.317 4.681
201809 4.030 115.142 5.364
201812 5.860 115.142 7.800
201903 3.040 118.202 3.942
201906 5.520 120.880 6.998
201909 4.300 123.175 5.350
201912 3.640 126.235 4.419
202003 -7.980 124.705 -9.807
202006 0.320 127.000 0.386
202009 0.980 130.118 1.154
202012 4.160 130.889 4.871
202103 2.870 131.771 3.338
202106 2.230 134.084 2.549
202109 2.810 135.847 3.170
202112 3.110 138.161 3.450
202203 1.890 138.822 2.086
202206 1.110 142.347 1.195
202209 1.180 144.661 1.250
202212 0.250 145.763 0.263
202303 -2.040 146.865 -2.129
202306 -0.560 150.280 -0.571
202309 1.280 151.492 1.295
202312 0.610 153.255 0.610

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


Zee Entertainment Enterprises  (NSE:ZEEL) 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.

Zee Entertainment Enterprises's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=129.80/13.74
=9.45

* 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 Zee Entertainment Enterprises was 25.84. The lowest was 6.65. And the median was 14.77.


Be Aware

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


Zee Entertainment Enterprises E10 Related Terms

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


Zee Entertainment Enterprises (NSE:ZEEL) Business Description

Traded in Other Exchanges
Address
N.M. Joshi Marg, 18th Floor, A-Wing, Marathon Futurex, Lower Parel, Mumbai, MH, IND, 400013
Zee Entertainment Enterprises Ltd is a broadcasting television company that provides media and entertainment services. Zee generates revenue from Advertisement, Subscription, Theatrical revenue, Sale of media content, Transmission revenue and Commission. The company controls a suite of television channels that broadcast in many different languages. Furthermore, Zee Entertainment produces and distributes feature films, develops digital online offerings, and produces and sells for live entertainment events. It operates in five business Broadcast, Digital, Movies, Music and Sports. The company earns the vast majority of its revenue in India.

Zee Entertainment Enterprises (NSE:ZEEL) Headlines

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