Exide Industries (BOM:500086) E10: ₹17.65 (As of Mar. 2026)


BOM:500086 Exide Industries Ltd BOM:500086
86 GF Score
Price ₹387.50
GF Value ₹388.13
Valuation Fairly Valued
! 8 Warning Signs
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What is Exide Industries E10?

Exide Industries BOM:500086 +0.31% 86 E10 is ₹17.65 as of Mar. 2026. GuruFocus rates BOM:500086 with a GF Score™ of 86/100 and a GF Value™ of ₹388.13 (Fairly Valued). The stock has 8 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.

Exide Industries's adjusted earnings per share data for the three months ended in Mar. 2026 was ₹2.530. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₹17.65 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Exide Industries's average E10 Growth Rate was -1.70% 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 (2026-06-30), Exide Industries's current stock price is ₹387.50. Exide Industries's E10 for the quarter that ended in Mar. 2026 was ₹17.65. Exide Industries's Shiller PE Ratio of today is 21.95.

During the past 13 years, the highest Shiller PE Ratio of Exide Industries was 28.28. The lowest was 16.68. And the median was 21.10.


Exide Industries  (BOM:500086) 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.

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

Shiller PE Ratio=Share Price/E10
=387.50/17.65
=21.95

* 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 Exide Industries was 28.28. The lowest was 16.68. And the median was 21.10.


Be Aware

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


Exide Industries E10 Related Terms


Exide Industries E10 Historical Data

* Premium members only.

The historical data trend for Exide Industries'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.

Exide Industries E10 Chart

Exide Industries Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 17.96 17.65

Exide Industries 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 17.96 18.02 17.97 17.79 17.65

BOM:500086 vs ORLY, AZO: E10 Comparison

For the Auto Parts subindustry, Exide Industries'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.


Exide Industries Shiller PE Ratio vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Exide Industries's Shiller PE Ratio distribution charts can be found below:

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


BOM:500086
86GF Score
Exide Industries Ltd BOM:500086
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Exide Industries 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, Exide Industries'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)
=2.53/164.2724*164.2724
=2.530

Current CPI (Mar. 2026) = 164.2724.

Exide Industries Quarterly Data

per share eps CPI Adj_EPS
201103 0.000 70.768 0.000
201203 0.000 76.889 0.000
201303 0.000 85.687 0.000
201403 0.000 91.425 0.000
201503 0.000 97.163 0.000
201603 0.000 102.518 0.000
201703 0.000 105.196 0.000
201803 0.000 109.786 0.000
201806 2.220 111.317 3.276
201809 2.510 115.142 3.581
201812 1.660 115.142 2.368
201903 3.560 118.202 4.948
201906 1.900 120.880 2.582
201909 2.920 123.175 3.894
201912 1.400 126.235 1.822
202003 2.920 124.705 3.846
202006 -0.130 127.000 -0.168
202009 3.030 130.118 3.825
202012 2.840 130.889 3.564
202103 3.790 131.771 4.725
202106 0.390 134.084 0.478
202109 2.310 135.847 2.793
202112 2.100 138.161 2.497
202203 46.580 138.822 55.120
202206 2.390 142.347 2.758
202209 2.830 144.661 3.214
202212 2.340 145.763 2.637
202303 2.120 146.865 2.371
202306 2.620 150.280 2.864
202309 3.160 151.492 3.427
202312 2.360 152.924 2.535
202403 2.170 153.035 2.329
202406 2.590 155.789 2.731
202409 2.720 157.882 2.830
202412 1.840 158.323 1.909
202503 2.200 157.552 2.294
202506 3.210 159.755 3.301
202509 2.020 162.289 2.045
202512 2.290 163.281 2.304
202603 2.530 164.272 2.530

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 ₹17.65 mean?
Exide Industries (BOM:500086) has a E10 of ₹17.65 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Exide Industries and its competitors.
Is Exide Industries' E10 too high?
Exide Industries' current E10 is ₹17.65. Overall, Exide Industries has a GF Score™ of 86/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Exide Industries' E10 compare to ORLY and AZO?
Exide Industries' E10 of ₹17.65 can be compared against companies in the Vehicles & Parts 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 Vehicles & Parts company?
A good E10 depends on the Vehicles & Parts 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 Exide Industries and its competitors. Exide Industries's current E10 is ₹17.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Exide Industries stock overvalued right now?
Based on GuruFocus' analysis, Exide Industries (BOM:500086) is currently considered Fairly Valued. The stock's GF Value™ is ₹388.13, compared to a current price of ₹387.50 — trading 0.2% below its estimated fair value. The current E10 is ₹17.65. Exide Industries' overall GF Score™ is 86/100 with 8 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 Exide Industries (BOM:500086), the current E10 is ₹17.65 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 Exide Industries (BOM:500086) Overvalued in 2026?

Based on GuruFocus' analysis, Exide Industries stock appears to be undervalued. The current stock price of ₹387.50 is trading 0.2% below its estimated GF Value™ of ₹388.13. GuruFocus considers Exide Industries to be Fairly Valued.

Key valuation signals for BOM:500086:

  • E10: ₹17.65
  • GF Value™: ₹388.13 vs. price of ₹387.50 (0.2% below fair value)
  • GF Score™: 86/100 with 8 warning signs

No single metric tells the full story. See the BOM:500086 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Exide Industries Business Description

Other Exchanges EXIDEIND:India
Address 59E, Chowringhee Road, Exide House, Kolkata, WB, IND, 700 020
Exide Industries Ltd is mainly engaged in the manufacturing of Storage Batteries and allied products in India. The company's products are Four Wheeler Batteries, Three Wheeler Batteries, Two Wheeler Batteries, E-Rickshaw Batteries, INVERTER SYSTEMS, Inverter Batteries, Institutional UPS Batteries, GENSET BATTERIES, Exide's Solar Portfolio, INFRASTRUCTURE BATTERIES, Battery Energy Storage Solution, SUBMARINE BATTERIES, etc. The Company has identified two operating segments viz, Automotive and Industrial. The two operating segments have been aggregated as single operating segment of storage batteries and allied products. The The Company mainly operates in India and also generates majority of revenue from India followed by Overseas.
86GF Score

Get the complete analysis for BOM:500086

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

₹387.50
Price
₹388.13
GF Value