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Greaves Cotton (BOM:501455) Shiller PE Ratio : 26.83 (As of Jun. 21, 2024)


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What is Greaves Cotton Shiller PE Ratio?

As of today (2024-06-21), Greaves Cotton's current share price is ₹135.20. Greaves Cotton's E10 for the fiscal year that ended in Mar24 was ₹5.04. Greaves Cotton's Shiller PE Ratio for today is 26.83.

The historical rank and industry rank for Greaves Cotton's Shiller PE Ratio or its related term are showing as below:

BOM:501455' s Shiller PE Ratio Range Over the Past 10 Years
Min: 8.14   Med: 20.35   Max: 31.47
Current: 26.6

During the past 13 years, Greaves Cotton's highest Shiller PE Ratio was 31.47. The lowest was 8.14. And the median was 20.35.

BOM:501455's Shiller PE Ratio is ranked worse than
51.75% of 1768 companies
in the Industrial Products industry
Industry Median: 24.7 vs BOM:501455: 26.60

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

Greaves Cotton's adjusted earnings per share data of for the fiscal year that ended in Mar24 was ₹-5.830. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is ₹5.04 for the trailing ten years ended in Mar24.

Shiller PE for Stocks: The True Measure of Stock Valuation


Greaves Cotton Shiller PE Ratio Historical Data

The historical data trend for Greaves Cotton's Shiller PE Ratio 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.

Greaves Cotton Shiller PE Ratio Chart

Greaves Cotton Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Shiller PE Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.46 16.66 29.24 20.34 25.11

Greaves Cotton Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Shiller PE Ratio 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 20.34 - - - 25.11

Competitive Comparison of Greaves Cotton's Shiller PE Ratio

For the Specialty Industrial Machinery subindustry, Greaves Cotton'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.


Greaves Cotton's Shiller PE Ratio Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Greaves Cotton's Shiller PE Ratio distribution charts can be found below:

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



Greaves Cotton Shiller PE Ratio Calculation

For Shiller PE Ratio, 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 PE Ratio is also called PE10.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

Greaves Cotton's Shiller PE Ratio for today is calculated as

Shiller PE Ratio=Share Price/ E10
=135.20/5.04
=26.83

* 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.

Greaves Cotton's E10 for the fiscal year that ended in Mar24 is calculated as:

For example, Greaves Cotton's adjusted earnings per share data for the fiscal year that ended in Mar24 was:

Adj_EPS=Earnings per Share (Diluted)/CPI of Mar24 (Change)*Current CPI (Mar24)
=-5.83/153.0345*153.0345
=-5.830

Current CPI (Mar24) = 153.0345.

Greaves Cotton Annual Data

Earnings per Share (Diluted) CPI Adj_EPS
201503 3.420 97.163 5.387
201603 8.230 102.518 12.285
201703 7.400 105.196 10.765
201803 8.280 109.786 11.542
201903 6.740 118.202 8.726
202003 5.400 124.705 6.627
202103 -0.810 131.771 -0.941
202203 -1.530 138.822 -1.687
202303 3.350 146.865 3.491
202403 -5.830 153.035 -5.830

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


Greaves Cotton  (BOM:501455) Shiller PE Ratio Explanation

Compared with the regular PE Ratio, which works poorly for cyclical businesses, the Shiller PE Ratio smoothed out the fluctuations of profit margins during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Shiller PE Ratio should give similar results to regular PE Ratio.

Compared with the PS Ratio, the Shiller PE Ratio makes the comparison between different industries more meaningful.


Be Aware

Shiller PE Ratio assumes that over the long term, businesses and profitability revert to their means. If a company's business model does not work in the future compared with the past, Shiller PE Ratio and PS Ratio will give false valuations.


Greaves Cotton Shiller PE Ratio Related Terms

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Greaves Cotton (BOM:501455) Business Description

Traded in Other Exchanges
Address
LBS Marg, Kurla (West), Unit No. 1A, 5th Floor, Tower 3, Equinox Business Park, Mumbai, MH, IND, 400 070
Greaves Cotton Ltd is a diversified engineering company. The company is a manufacturer and marketer of diesel engines, petrol engines, generator sets, pump sets, and construction equipment. Its product is used in automotive, marine, farm, construction and industrial applications. The company's operating segment includes Engines, Electric mobility and Others. The Engine segment includes the application of engines in farm equipment and gensets. It generates maximum revenue from the Engines segment. Geographically, it derives a majority of revenue from India.

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