Bhagwati Oxygen (BOM:509449) E10: ₹-2.66 (As of Mar. 2026)

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BOM:509449 Bhagwati Oxygen Ltd BOM:509449
48 GF Score
Price ₹38.69
GF Value ₹29.20
Valuation Significantly Overvalued
! 5 Warning Signs
View Full Analysis

What is Bhagwati Oxygen E10?

Bhagwati Oxygen BOM:509449 +3.17% 48 E10 is ₹-2.66 as of Mar. 2026. GuruFocus rates BOM:509449 with a GF Score™ of 48/100 and a GF Value™ of ₹29.20 (Significantly Overvalued). The stock has 5 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.

Bhagwati Oxygen's adjusted earnings per share data for the three months ended in Mar. 2026 was ₹14.110. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₹-2.66 for the trailing ten years ended in Mar. 2026.

During the past 3 years, the average E10 Growth Rate was -6.40% 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 Bhagwati Oxygen was -6.40% per year. The lowest was -125.90% per year. And the median was -66.15% per year.

As of today (2026-08-06), Bhagwati Oxygen's current stock price is ₹38.69. Bhagwati Oxygen's E10 for the quarter that ended in Mar. 2026 was ₹-2.66. Bhagwati Oxygen's Shiller PE Ratio of today is .

During the past 13 years, the highest Shiller PE Ratio of Bhagwati Oxygen was 290.97. The lowest was 4.51. And the median was 30.45.


Bhagwati Oxygen  (BOM:509449) 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.

During the past 13 years, the highest Shiller P/E Ratio of Bhagwati Oxygen was 290.97. The lowest was 4.51. And the median was 30.45.


Be Aware

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


Bhagwati Oxygen E10 Related Terms


Bhagwati Oxygen E10 Historical Data

* Premium members only.

The historical data trend for Bhagwati Oxygen'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.

Bhagwati Oxygen E10 Chart

Bhagwati Oxygen 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 -0.30 -2.21 -2.47 -3.46 -2.66

Bhagwati Oxygen 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 -3.46 -3.64 -3.69 -3.89 -2.66

BOM:509449 vs LIN, SHW, ECL: E10 Comparison

For the Specialty Chemicals subindustry, Bhagwati Oxygen'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.


Bhagwati Oxygen Shiller PE Ratio vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Bhagwati Oxygen's Shiller PE Ratio distribution charts can be found below:

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


BOM:509449
48GF Score
Bhagwati Oxygen Ltd BOM:509449
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Bhagwati Oxygen 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, Bhagwati Oxygen'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)
=14.11/164.2724*164.2724
=14.110

Current CPI (Mar. 2026) = 164.2724.

Bhagwati Oxygen Quarterly Data

per share eps CPI Adj_EPS
201606 1.150 105.961 1.783
201609 1.070 105.961 1.659
201612 1.380 105.196 2.155
201703 0.610 105.196 0.953
201706 0.200 107.109 0.307
201709 0.510 109.021 0.768
201712 1.300 109.404 1.952
201803 -0.240 109.786 -0.359
201806 -4.000 111.317 -5.903
201809 0.420 115.142 0.599
201812 0.990 115.142 1.412
201903 -1.570 118.202 -2.182
201906 -0.600 120.880 -0.815
201909 0.100 123.175 0.133
201912 3.740 126.235 4.867
202003 -3.500 124.705 -4.611
202006 -2.610 127.000 -3.376
202009 -2.990 130.118 -3.775
202012 -3.900 130.889 -4.895
202103 -3.930 131.771 -4.899
202106 -2.710 134.084 -3.320
202109 -1.970 135.847 -2.382
202112 -3.540 138.161 -4.209
202203 -3.970 138.822 -4.698
202206 -2.990 142.347 -3.451
202209 -1.270 144.661 -1.442
202212 -3.370 145.763 -3.798
202303 -2.840 146.865 -3.177
202306 -4.300 150.280 -4.700
202309 15.700 151.492 17.025
202312 -2.250 152.924 -2.417
202403 -7.370 153.035 -7.911
202406 -0.840 155.789 -0.886
202409 -0.840 157.882 -0.874
202412 -0.890 158.323 -0.923
202503 0.620 157.552 0.646
202506 -0.140 159.755 -0.144
202509 0.490 162.289 0.496
202512 -0.330 163.281 -0.332
202603 14.110 164.272 14.110

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 ₹-2.66 mean?
Bhagwati Oxygen (BOM:509449) has a E10 of ₹-2.66 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Bhagwati Oxygen and its competitors.
Is Bhagwati Oxygen's E10 too high?
Bhagwati Oxygen's current E10 is ₹-2.66. Overall, Bhagwati Oxygen has a GF Score™ of 48/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Bhagwati Oxygen's E10 compare to LIN and SHW?
Bhagwati Oxygen's E10 of ₹-2.66 can be compared against companies in the Chemicals 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 Chemicals company?
A good E10 depends on the Chemicals 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 Bhagwati Oxygen and its competitors. Bhagwati Oxygen's current E10 is ₹-2.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bhagwati Oxygen stock overvalued right now?
Based on GuruFocus' analysis, Bhagwati Oxygen (BOM:509449) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹29.20, compared to a current price of ₹38.69 — trading 32.5% above its estimated fair value. The current E10 is ₹-2.66. Bhagwati Oxygen's overall GF Score™ is 48/100 with 5 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 Bhagwati Oxygen (BOM:509449), the current E10 is ₹-2.66 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 Bhagwati Oxygen (BOM:509449) Overvalued in 2026?

Based on GuruFocus' analysis, Bhagwati Oxygen stock appears to be overvalued. The current stock price of ₹38.69 is trading 32.5% above its estimated GF Value™ of ₹29.20. GuruFocus considers Bhagwati Oxygen to be Significantly Overvalued.

Key valuation signals for BOM:509449:

  • E10: ₹-2.66
  • GF Value™: ₹29.20 vs. price of ₹38.69 (32.5% above fair value)
  • GF Score™: 48/100 with 5 warning signs

No single metric tells the full story. See the BOM:509449 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Bhagwati Oxygen Business Description

Address Plot No. 5, Sector 25, Ballabgarh, HR, IND, 121004
Bhagwati Oxygen Ltd is a manufacturing and engineering company with a core focus on industrial gas manufacturing, technology, systems, and equipment. It operates in two reporting segments: Gases and Power.
48GF Score

Get the complete analysis for BOM:509449

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

₹38.69
Price
₹29.20
GF Value