NMDC Group PJSC (ADX:NMDC) E10: د.إ1.76 (As of Mar. 2026)


ADX:NMDC NMDC Group PJSC ADX:NMDC
93 GF Score
Price د.إ21.90
GF Value د.إ29.76
Valuation Modestly Undervalued
! 3 Warning Signs
View Full Analysis

What is NMDC Group PJSC E10?

NMDC Group PJSC ADX:NMDC -0.45% 93 E10 is د.إ1.76 as of Mar. 2026. GuruFocus rates ADX:NMDC with a GF Score™ of 93/100 and a GF Value™ of د.إ29.76 (Modestly Undervalued). The stock has 3 warning signs investors should review.

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.

NMDC Group PJSC's adjusted earnings per share data for the three months ended in Mar. 2026 was د.إ0.430. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is د.إ1.76 for the trailing ten years ended in Mar. 2026.

During the past 12 months, NMDC Group PJSC's average E10 Growth Rate was 25.70% per year. During the past 3 years, the average E10 Growth Rate was 28.30% per year. During the past 5 years, the average E10 Growth Rate was 20.50% 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 NMDC Group PJSC was 28.30% per year. The lowest was 14.30% per year. And the median was 18.90% per year.

As of today (2026-06-30), NMDC Group PJSC's current stock price is د.إ21.90. NMDC Group PJSC's E10 for the quarter that ended in Mar. 2026 was د.إ1.76. NMDC Group PJSC's Shiller PE Ratio of today is 12.44.

During the past 13 years, the highest Shiller PE Ratio of NMDC Group PJSC was 49.98. The lowest was 6.23. And the median was 19.08.


NMDC Group PJSC  (ADX:NMDC) 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.

NMDC Group PJSC's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=21.90/1.76
=12.44

* 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 NMDC Group PJSC was 49.98. The lowest was 6.23. And the median was 19.08.


Be Aware

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


NMDC Group PJSC E10 Related Terms


NMDC Group PJSC E10 Historical Data

* Premium members only.

The historical data trend for NMDC Group PJSC'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.

NMDC Group PJSC E10 Chart

NMDC Group PJSC Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.78 0.80 0.97 1.31 1.69

NMDC Group PJSC Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 1.40 1.49 1.60 1.69 1.76

ADX:NMDC vs PWR, FIX, EME: E10 Comparison

For the Engineering & Construction subindustry, NMDC Group PJSC'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.


NMDC Group PJSC Shiller PE Ratio vs Construction Industry

For the Construction industry and Industrials sector, NMDC Group PJSC's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where NMDC Group PJSC's Shiller PE Ratio falls into.


ADX:NMDC
93GF Score
NMDC Group PJSC ADX:NMDC
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

NMDC Group PJSC 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, NMDC Group PJSC's adjusted earnings per share data for the three months ended in Mar. 2026 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=0.43/330.2130*330.2130
=0.430

Current CPI (Mar. 2026) = 330.2130.

NMDC Group PJSC Quarterly Data

per share eps CPI Adj_EPS
201606 0.060 241.018 0.082
201609 0.060 241.428 0.082
201612 0.070 241.432 0.096
201703 0.010 243.801 0.014
201706 0.002 244.955 0.003
201709 0.090 246.819 0.120
201712 0.300 246.524 0.402
201803 0.060 249.554 0.079
201806 -0.020 251.989 -0.026
201809 0.190 252.439 0.249
201812 0.250 251.233 0.329
201903 0.070 254.202 0.091
201906 0.200 256.143 0.258
201909 0.200 256.759 0.257
201912 0.250 256.974 0.321
202003 -0.230 258.115 -0.294
202006 -0.170 257.797 -0.218
202009 0.001 260.280 0.001
202012 0.590 260.474 0.748
202103 0.040 264.877 0.050
202106 0.250 271.696 0.304
202109 0.330 274.310 0.397
202112 0.930 278.802 1.101
202203 0.080 287.504 0.092
202206 0.410 296.311 0.457
202209 0.360 296.808 0.401
202212 0.730 296.797 0.812
202303 0.370 301.836 0.405
202306 0.700 305.109 0.758
202309 0.770 307.789 0.826
202312 0.780 306.746 0.840
202403 0.780 312.332 0.825
202406 0.990 314.175 1.041
202409 0.830 315.301 0.869
202412 0.950 315.605 0.994
202503 0.870 319.799 0.898
202506 1.050 322.561 1.075
202509 1.090 324.800 1.108
202512 1.280 324.054 1.304
202603 0.430 330.213 0.430

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

Frequently Asked Questions Learn more about E10 →
What does a E10 of د.إ1.76 mean?
NMDC Group PJSC (ADX:NMDC) has a E10 of د.إ1.76 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on NMDC Group PJSC and its competitors.
Is NMDC Group PJSC's E10 too high?
NMDC Group PJSC's current E10 is د.إ1.76. Overall, NMDC Group PJSC has a GF Score™ of 93/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does NMDC Group PJSC's E10 compare to PWR and FIX?
NMDC Group PJSC's E10 of د.إ1.76 can be compared against companies in the Construction industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good E10 for a Construction company?
A good E10 depends on the Construction industry context. However, E10 should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high E10 mean?
A high E10 can signal that a stock is expensive relative to its fundamentals. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on NMDC Group PJSC and its competitors. NMDC Group PJSC's current E10 is د.إ1.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NMDC Group PJSC stock overvalued right now?
Based on GuruFocus' analysis, NMDC Group PJSC (ADX:NMDC) is currently considered Modestly Undervalued. The stock's GF Value™ is د.إ29.76, compared to a current price of د.إ21.90 — trading 26.4% below its estimated fair value. The current E10 is د.إ1.76. NMDC Group PJSC's overall GF Score™ is 93/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is E10 calculated?
E10 is calculated from a company's financial statements. For NMDC Group PJSC (ADX:NMDC), the current E10 is د.إ1.76 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is NMDC Group PJSC (ADX:NMDC) Overvalued in 2026?

Based on GuruFocus' analysis, NMDC Group PJSC stock appears to be undervalued. The current stock price of د.إ21.90 is trading 26.4% below its estimated GF Value™ of د.إ29.76. GuruFocus considers NMDC Group PJSC to be Modestly Undervalued.

Key valuation signals for ADX:NMDC:

  • E10: د.إ1.76
  • GF Value™: د.إ29.76 vs. price of د.إ21.90 (26.4% below fair value)
  • GF Score™: 93/100 with 3 warning signs

No single metric tells the full story. See the ADX:NMDC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


NMDC Group PJSC Business Description

Address Mussafah Street 16, P.O. Box 3649, Abu Dhabi, ARE
NMDC Group PJSC operates as an integrated provider of Engineering, Procurement and Construction (EPC) services for onshore, offshore, and marine projects. The company's activities include marine dredging, logistics, and technical services, and marine engineering and construction. Geographically, it operates across the Middle East, Southeast Asia, and other international markets. The company's operations are structured under five business units: NMDC Dredging & Marine, NMDC Energy, NMDC Infra, NMDC Logistics & Technical Services, and NMDC Engineering. It has aggregated its segments into Dredging & Marine and Energy, with the majority of revenue from the Energy segment.
93GF Score

Get the complete analysis for ADX:NMDC

E10 is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

د.إ21.90
Price
د.إ29.76
GF Value