ASI Industries (BOM:502015) E10: ₹2.73 (As of Mar. 2026)


BOM:502015 ASI Industries Ltd BOM:502015
66 GF Score
Price ₹24.33
GF Value ₹30.26
Valuation Modestly Undervalued
! 3 Warning Signs
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What is ASI Industries E10?

ASI Industries BOM:502015 -4.51% 66 E10 is ₹2.73 as of Mar. 2026. GuruFocus rates BOM:502015 with a GF Score™ of 66/100 and a GF Value™ of ₹30.26 (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.

ASI Industries's adjusted earnings per share data for the three months ended in Mar. 2026 was ₹0.620. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₹2.73 for the trailing ten years ended in Mar. 2026.

During the past 12 months, ASI Industries's average E10 Growth Rate was 72.80% per year. During the past 3 years, the average E10 Growth Rate was 24.90% per year. During the past 5 years, the average E10 Growth Rate was 8.90% 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 ASI Industries was 24.90% per year. The lowest was -2.10% per year. And the median was 3.90% per year.

As of today (2026-07-02), ASI Industries's current stock price is ₹24.33. ASI Industries's E10 for the quarter that ended in Mar. 2026 was ₹2.73. ASI Industries's Shiller PE Ratio of today is 8.91.

During the past 13 years, the highest Shiller PE Ratio of ASI Industries was 34.64. The lowest was 6.55. And the median was 10.74.


ASI Industries  (BOM:502015) 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.

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

Shiller PE Ratio=Share Price/E10
=24.33/2.73
=8.91

* 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 ASI Industries was 34.64. The lowest was 6.55. And the median was 10.74.


Be Aware

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


ASI Industries E10 Related Terms


ASI Industries E10 Historical Data

* Premium members only.

The historical data trend for ASI 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.

ASI Industries E10 Chart

ASI 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 1.41 1.40 1.54 1.58 2.73

ASI 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 1.58 1.58 2.79 2.85 2.73

ASI Industries E10 Competitor Comparison

For the Other Industrial Metals & Mining subindustry, ASI 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.


ASI Industries Shiller PE Ratio vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, ASI Industries's Shiller PE Ratio distribution charts can be found below:

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


BOM:502015
66GF Score
ASI Industries Ltd BOM:502015
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

ASI 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, ASI 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)
=0.62/164.2724*164.2724
=0.620

Current CPI (Mar. 2026) = 164.2724.

ASI Industries Quarterly Data

per share eps CPI Adj_EPS
201606 1.280 105.961 1.984
201609 -0.320 105.961 -0.496
201612 0.380 105.196 0.593
201703 1.760 105.196 2.748
201706 1.320 107.109 2.024
201709 0.002 109.021 0.003
201712 0.230 109.404 0.345
201803 0.770 109.786 1.152
201806 1.180 111.317 1.741
201809 -0.360 115.142 -0.514
201812 0.620 115.142 0.885
201903 1.270 118.202 1.765
201906 0.680 120.880 0.924
201909 0.940 123.175 1.254
201912 1.270 126.235 1.653
202003 0.590 124.705 0.777
202006 0.380 127.000 0.492
202009 0.280 130.118 0.353
202012 0.590 130.889 0.740
202103 0.080 131.771 0.100
202106 0.180 134.084 0.221
202109 -0.320 135.847 -0.387
202112 -0.030 138.161 -0.036
202203 -1.450 138.822 -1.716
202206 0.240 142.347 0.277
202209 -0.390 144.661 -0.443
202212 0.920 145.763 1.037
202303 1.160 146.865 1.297
202306 0.470 150.280 0.514
202309 -0.180 151.492 -0.195
202312 1.120 152.924 1.203
202403 1.390 153.035 1.492
202406 0.430 155.789 0.453
202409 0.060 157.882 0.062
202412 1.350 158.323 1.401
202503 0.990 157.552 1.032
202506 0.450 159.755 0.463
202509 0.090 162.289 0.091
202512 1.370 163.281 1.378
202603 0.620 164.272 0.620

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 ₹2.73 mean?
ASI Industries (BOM:502015) has a E10 of ₹2.73 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on ASI Industries and its competitors.
Is ASI Industries' E10 too high?
ASI Industries' current E10 is ₹2.73. Overall, ASI Industries has a GF Score™ of 66/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does ASI Industries' E10 compare to competitors?
ASI Industries' E10 of ₹2.73 can be compared against companies in the Metals & Mining 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 Metals & Mining company?
A good E10 depends on the Metals & Mining 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 ASI Industries and its competitors. ASI Industries's current E10 is ₹2.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ASI Industries stock overvalued right now?
Based on GuruFocus' analysis, ASI Industries (BOM:502015) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹30.26, compared to a current price of ₹24.33 — trading 19.6% below its estimated fair value. The current E10 is ₹2.73. ASI Industries' overall GF Score™ is 66/100 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 ASI Industries (BOM:502015), the current E10 is ₹2.73 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 ASI Industries (BOM:502015) Overvalued in 2026?

Based on GuruFocus' analysis, ASI Industries stock appears to be undervalued. The current stock price of ₹24.33 is trading 19.6% below its estimated GF Value™ of ₹30.26. GuruFocus considers ASI Industries to be Modestly Undervalued.

Key valuation signals for BOM:502015:

  • E10: ₹2.73
  • GF Value™: ₹30.26 vs. price of ₹24.33 (19.6% below fair value)
  • GF Score™: 66/100 with 3 warning signs

No single metric tells the full story. See the BOM:502015 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


ASI Industries Business Description

Address Off Ganpatrao Kadam Marg, Marathon Innova, A Wing, 7th floor, Lower Parel, Mumbai, MH, IND, 400 013
ASI Industries Ltd is an industrial metal and mining company. The Company is engaged in the mining and processing of natural stones. The company's product offerings are Kota Stone, Sandstone, and others. It generates a majority of revenue from the Stone segment. Geographically, it derives maximum revenue from India.
66GF Score

Get the complete analysis for BOM:502015

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

₹24.33
Price
₹30.26
GF Value