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Mangalam Organics (BOM:514418) E10 : ₹31.15 (As of Sep. 2023)


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What is Mangalam Organics 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.

Mangalam Organics's adjusted earnings per share data for the three months ended in Sep. 2023 was ₹0.830. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₹31.15 for the trailing ten years ended in Sep. 2023.

During the past 12 months, Mangalam Organics's average E10 Growth Rate was -100.00% 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.

As of today (2024-06-12), Mangalam Organics's current stock price is ₹353.00. Mangalam Organics's E10 for the quarter that ended in Sep. 2023 was ₹31.15. Mangalam Organics's Shiller PE Ratio of today is 11.33.

During the past 13 years, the highest Shiller PE Ratio of Mangalam Organics was 38.36. The lowest was 8.75. And the median was 18.55.


Mangalam Organics E10 Historical Data

The historical data trend for Mangalam Organics'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.

Mangalam Organics E10 Chart

Mangalam Organics 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 - 27.08 32.53 30.53 -

Mangalam Organics Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Mar24
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 30.19 30.53 31.08 31.15 -

Competitive Comparison of Mangalam Organics's E10

For the Specialty Chemicals subindustry, Mangalam Organics'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.


Mangalam Organics's Shiller PE Ratio Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Mangalam Organics's Shiller PE Ratio distribution charts can be found below:

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



Mangalam Organics 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, Mangalam Organics's adjusted earnings per share data for the three months ended in Sep. 2023 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Sep. 2023 (Change)*Current CPI (Sep. 2023)
=0.83/151.4920*151.4920
=0.830

Current CPI (Sep. 2023) = 151.4920.

Mangalam Organics Quarterly Data

per share eps CPI Adj_EPS
201312 3.250 91.425 5.385
201403 -0.750 91.425 -1.243
201406 2.320 94.103 3.735
201409 1.600 96.780 2.505
201412 1.690 96.780 2.645
201503 -0.190 97.163 -0.296
201506 -40.750 99.841 -61.832
201509 -2.190 101.753 -3.261
201512 1.270 102.901 1.870
201603 -0.200 102.518 -0.296
201606 1.000 105.961 1.430
201609 1.510 105.961 2.159
201612 1.820 105.196 2.621
201703 1.008 105.196 1.452
201706 2.830 107.109 4.003
201709 5.660 109.021 7.865
201712 4.210 109.404 5.830
201803 3.265 109.786 4.505
201806 14.100 111.317 19.189
201809 21.690 115.142 28.537
201812 30.670 115.142 40.352
201903 17.900 118.202 22.941
201906 17.580 120.880 22.032
201909 18.990 123.175 23.356
201912 4.400 126.235 5.280
202003 15.002 124.705 18.224
202006 9.140 127.000 10.903
202009 16.730 130.118 19.478
202012 34.650 130.889 40.104
202103 38.470 131.771 44.228
202106 17.500 134.084 19.772
202109 26.050 135.847 29.050
202112 17.660 138.161 19.364
202203 1.537 138.822 1.677
202206 -8.050 142.347 -8.567
202209 -24.990 144.661 -26.170
202212 0.570 145.763 0.592
202303 0.830 146.865 0.856
202306 0.360 150.280 0.363
202309 0.830 151.492 0.830

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


Mangalam Organics  (BOM:514418) 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.

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

Shiller PE Ratio=Share Price/E10
=353.00/31.15
=11.33

* 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 Mangalam Organics was 38.36. The lowest was 8.75. And the median was 18.55.


Be Aware

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


Mangalam Organics E10 Related Terms

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


Mangalam Organics (BOM:514418) Business Description

Traded in Other Exchanges
Address
Free Press Journal Marg, 812/813, Tulsiani Chamber, 212, Nariman Point, Mumbai, MH, IND, 400 021
Mangalam Organics Ltd is an India-based company involved in manufacturing chemicals. It is engaged in manufacturing Camphor, Resin, and Sodium Acetate. Its primary segments are Synthetic Resin operations, Terpene operations, and Retail operations. Its production unit is located at Kumbhivali, Maharashtra state, India. The terpene products segment, which generates a vast majority of the revenue, includes Camphor technical, Camphene, Isobornyl acetate, Isoborneol, Dipentene, Camphor oil, Pine tar, Pine oil among others. Its resin products include Penta ester gum, Glycerol ester gum, and Gum rosin among others.

Mangalam Organics (BOM:514418) Headlines

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