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DLF (BOM:532868) E10 : ₹8.43 (As of Mar. 2024)


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What is DLF 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.

DLF's adjusted earnings per share data for the three months ended in Mar. 2024 was ₹3.720. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₹8.43 for the trailing ten years ended in Mar. 2024.

During the past 12 months, DLF's average E10 Growth Rate was 10.80% 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 DLF was -7.00% per year. The lowest was -34.20% per year. And the median was -20.60% per year.

As of today (2024-05-19), DLF's current stock price is ₹848.90. DLF's E10 for the quarter that ended in Mar. 2024 was ₹8.43. DLF's Shiller PE Ratio of today is 100.70.

During the past 13 years, the highest Shiller PE Ratio of DLF was 111.54. The lowest was 4.80. And the median was 50.37.


DLF E10 Historical Data

The historical data trend for DLF'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.

DLF E10 Chart

DLF 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 26.74 10.49 7.12 7.61 8.43

DLF Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 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 7.61 7.83 8.05 8.25 8.43

Competitive Comparison of DLF's E10

For the Real Estate - Development subindustry, DLF'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.


DLF's Shiller PE Ratio Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, DLF's Shiller PE Ratio distribution charts can be found below:

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



DLF 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, DLF's adjusted earnings per share data for the three months ended in Mar. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=3.72/153.0345*153.0345
=3.720

Current CPI (Mar. 2024) = 153.0345.

DLF Quarterly Data

per share eps CPI Adj_EPS
201406 0.720 94.103 1.171
201409 0.610 96.780 0.965
201412 0.740 96.780 1.170
201503 0.960 97.163 1.512
201506 0.700 99.841 1.073
201509 1.170 101.753 1.760
201512 0.980 102.901 1.457
201603 -1.010 102.518 -1.508
201606 1.460 105.961 2.109
201609 1.120 105.961 1.618
201612 0.550 105.196 0.800
201703 0.760 105.196 1.106
201706 0.620 107.109 0.886
201709 0.080 109.021 0.112
201712 22.760 109.404 31.837
201803 1.130 109.786 1.575
201806 0.790 111.317 1.086
201809 1.700 115.142 2.259
201812 1.520 115.142 2.020
201903 1.990 118.202 2.576
201906 1.740 120.880 2.203
201909 1.800 123.175 2.236
201912 1.670 126.235 2.025
202003 -7.710 124.705 -9.461
202006 -0.290 127.000 -0.349
202009 0.940 130.118 1.106
202012 1.820 130.889 2.128
202103 1.940 131.771 2.253
202106 1.360 134.084 1.552
202109 1.530 135.847 1.724
202112 1.530 138.161 1.695
202203 1.630 138.822 1.797
202206 1.900 142.347 2.043
202209 1.930 144.661 2.042
202212 2.100 145.763 2.205
202303 2.300 146.865 2.397
202306 2.130 150.280 2.169
202309 2.520 151.492 2.546
202312 2.650 152.924 2.652
202403 3.720 153.035 3.720

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


DLF  (BOM:532868) 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.

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

Shiller PE Ratio=Share Price/E10
=848.90/8.43
=100.70

* 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 DLF was 111.54. The lowest was 4.80. And the median was 50.37.


Be Aware

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


DLF E10 Related Terms

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


DLF (BOM:532868) Business Description

Traded in Other Exchanges
Address
DLF Gateway Tower, R Block, DLF City, Phase - III, Gurugram, HR, IND, 122 002
DLF Ltd is a general real estate company. The company's development business primarily focuses on developing and selling residential real estate. This includes plotted developments, houses, villas, and apartments of varying sizes and integrated townships, with a focus on high-end, luxury residential developments. DLF's business also consists of commercial and shopping complexes. The company considers merger and acquisition investment as a potential component of its operational growth strategy.

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