Bhagawati Gas (BOM:500051) E10: ₹-1.14 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BOM:500051 Bhagawati Gas Ltd BOM:500051
18 GF Score
Price ₹11.23
! 4 Warning Signs
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What is Bhagawati Gas E10?

Bhagawati Gas BOM:500051 -1.92% 18 E10 is ₹-1.14 as of Mar. 2026. GuruFocus rates BOM:500051 with a GF Score™ of 18/100. The stock has 4 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.

Bhagawati Gas's adjusted earnings per share data for the three months ended in Mar. 2026 was ₹1.060. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₹-1.14 for the trailing ten years ended in Mar. 2026.

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 (2026-08-11), Bhagawati Gas's current stock price is ₹11.23. Bhagawati Gas's E10 for the quarter that ended in Mar. 2026 was ₹-1.14. Bhagawati Gas's Shiller PE Ratio of today is .


Bhagawati Gas  (BOM:500051) 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.


Be Aware

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


Bhagawati Gas E10 Related Terms


Bhagawati Gas E10 Historical Data

* Premium members only.

The historical data trend for Bhagawati Gas'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.

Bhagawati Gas E10 Chart

Bhagawati Gas Annual Data
Trend Mar12 Mar13 Mar14 Mar15 Mar16 Mar17 Mar23 Mar24 Mar25 Mar26
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 -1.14

Bhagawati Gas Quarterly Data
Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 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 0.00 0.00 -1.29 -1.28 -1.14

BOM:500051 vs AWK, WTRG, AWR: E10 Comparison

For the Utilities - Regulated Water subindustry, Bhagawati Gas'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.


Bhagawati Gas Shiller PE Ratio vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Bhagawati Gas's Shiller PE Ratio distribution charts can be found below:

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


BOM:500051
18GF Score
Bhagawati Gas Ltd BOM:500051
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Bhagawati Gas 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, Bhagawati Gas'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)
=1.06/164.2724*164.2724
=1.060

Current CPI (Mar. 2026) = 164.2724.

Bhagawati Gas Quarterly Data

per share eps CPI Adj_EPS
201103 -1.600 70.768 -3.714
201109 -0.100 75.359 -0.218
201112 0.140 75.359 0.305
201203 -0.290 76.889 -0.620
201206 -0.260 79.567 -0.537
201209 -0.310 82.244 -0.619
201212 -0.250 83.774 -0.490
201303 -0.660 85.687 -1.265
201306 -0.230 88.365 -0.428
201309 -0.280 91.042 -0.505
201312 -0.280 91.425 -0.503
201403 -0.200 91.425 -0.359
201406 -0.200 94.103 -0.349
201409 -0.230 96.780 -0.390
201412 -0.210 96.780 -0.356
201503 0.260 97.163 0.440
201506 -0.140 99.841 -0.230
201509 -0.170 101.753 -0.274
201512 -0.150 102.901 -0.239
201603 -0.100 102.518 -0.160
201606 -0.140 105.961 -0.217
201609 -0.130 105.961 -0.202
201612 -0.100 105.196 -0.156
201703 0.080 105.196 0.125
201706 -0.040 107.109 -0.061
201709 -0.170 109.021 -0.256
201712 -0.090 109.404 -0.135
202303 0.000 146.865 0.000
202306 0.000 150.280 0.000
202309 0.030 151.492 0.033
202312 -0.020 152.924 -0.021
202403 -0.137 153.035 -0.147
202406 -0.250 155.789 -0.264
202409 -0.070 157.882 -0.073
202412 1.220 158.323 1.266
202503 -0.800 157.552 -0.834
202506 -0.170 159.755 -0.175
202509 -0.140 162.289 -0.142
202512 -0.150 163.281 -0.151
202603 1.060 164.272 1.060

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 ₹-1.14 mean?
Bhagawati Gas (BOM:500051) has a E10 of ₹-1.14 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Bhagawati Gas and its competitors.
Is Bhagawati Gas' E10 too high?
Bhagawati Gas' current E10 is ₹-1.14. Overall, Bhagawati Gas has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does Bhagawati Gas' E10 compare to AWK and WTRG?
Bhagawati Gas' E10 of ₹-1.14 can be compared against companies in the Utilities - Regulated 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 an Utilities - Regulated company?
A good E10 depends on the Utilities - Regulated 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 Bhagawati Gas and its competitors. Bhagawati Gas's current E10 is ₹-1.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bhagawati Gas stock overvalued right now?
Bhagawati Gas (BOM:500051) has a current E10 of ₹-1.14. The current E10 is ₹-1.14. Bhagawati Gas' overall GF Score™ is 18/100 with 4 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 Bhagawati Gas (BOM:500051), the current E10 is ₹-1.14 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.

Bhagawati Gas Business Description

Address S-492/A, Greater Kailash-I, New Delhi, IND, 110048
Bhagawati Gas Ltd is engaged in the production, distribution, and marketing of industrial gases, green technologies, and sustainable solutions. The company has diversified businesses in industrial gases, wastewater treatment, renewable energy, contracting, and international trading fields. The manufacturing activities of the company include the operation of large-tonnage air separation plants for the production ofatmospheric industrial gases, along with the manufacturing of FRP pipes and composite products that cater to criticalsectors such as oil & gas, water supply, and infrastructure. The company derives maximum revenue from water treatment activities.
18GF Score

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

₹11.23
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