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Zodiac Energy (NSE:ZODIACSMN) E10 : ₹1.76 (As of Dec. 2023)


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What is Zodiac Energy 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.

Zodiac Energy's adjusted earnings per share data for the fiscal year that ended in Mar. 2023 was ₹2.180. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₹1.76 for the trailing ten years ended in Mar. 2023.

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 (2024-04-28), Zodiac Energy's current stock price is ₹ 552.55. Zodiac Energy's E10 for the fiscal year that ended in Mar. 2023 was ₹1.76. Zodiac Energy's Shiller PE Ratio of today is 313.95.

During the past 11 years, the highest Shiller PE Ratio of Zodiac Energy was 313.95. The lowest was 50.14. And the median was 66.27.


Zodiac Energy E10 Historical Data

The historical data trend for Zodiac Energy'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.

Zodiac Energy E10 Chart

Zodiac Energy 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 - - - 1.47 1.76

Zodiac Energy Quarterly Data
Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 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 - 1.76 - - -

Competitive Comparison of Zodiac Energy's E10

For the Solar subindustry, Zodiac Energy'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.


Zodiac Energy's Shiller PE Ratio Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Zodiac Energy's Shiller PE Ratio distribution charts can be found below:

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



Zodiac Energy 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, Zodiac Energy's adjusted earnings per share data for the fiscal year that ended in Mar. 2023 was:

Adj_EPS=Earnings per Share (Diluted) /CPI of Mar. 2023 (Change)*Current CPI (Mar. 2023)
=2.18/146.8646*146.8646
=2.180

Current CPI (Mar. 2023) = 146.8646.

Zodiac Energy Annual Data

per_share_eps CPI Adj_EPS
201403 0.076 91.425 0.122
201503 0.031 97.163 0.047
201603 0.075 102.518 0.107
201703 0.168 105.196 0.235
201803 1.905 109.786 2.548
201903 2.120 118.202 2.634
202003 2.050 124.705 2.414
202103 3.020 131.771 3.366
202203 3.730 138.822 3.946
202303 2.180 146.865 2.180

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


Zodiac Energy  (NSE:ZODIACSMN) 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.

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

Shiller PE Ratio=Share Price/E10
=552.55/1.76
=313.95

* 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 11 years, the highest Shiller P/E Ratio of Zodiac Energy was 313.95. The lowest was 50.14. And the median was 66.27.


Be Aware

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


Zodiac Energy E10 Related Terms

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


Zodiac Energy (NSE:ZODIACSMN) Business Description

Traded in Other Exchanges
Address
Drive-In-Road, 4-5-6 Upper Ground Floor, Milestone Building, Near Khodiyar Restaurant, Near Drive-In Cinema, Thaltej, Ahmedabad, GJ, IND, 380054
Zodiac Energy Ltd operates as an energy solution provider company in India. It installs power generation plants. It is engaged in the design, supply, installation, testing, commissioning, operation, and maintenance of solar power equipment. Its products include solar photovoltaic rooftop solutions, Concentrating Solar Power Systems, solar photovoltaic solar pumping solutions, solar thermal solar water heater solutions, and many more. The company primarily operates in the segment of sale of solar-based power plants and related items. The company's services include Building Integrated Photovoltaics (BIPV) systems, emerging technologies, and co-generation power plants.

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