I C D S (BOM:511194) E10: ₹0.65 (As of Mar. 2026)


BOM:511194 I C D S Ltd BOM:511194
77 GF Score
Price ₹40.85
GF Value ₹28.98
Valuation Significantly Overvalued
! 1 Warning Sign
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What is I C D S E10?

I C D S BOM:511194 77 E10 is ₹0.65 as of Mar. 2026. GuruFocus rates BOM:511194 with a GF Score™ of 77/100 and a GF Value™ of ₹28.98 (Significantly Overvalued). The stock has 1 warning sign 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.

I C D S's adjusted earnings per share data for the three months ended in Mar. 2026 was ₹-0.320. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₹0.65 for the trailing ten years ended in Mar. 2026.

During the past 12 months, I C D S's average E10 Growth Rate was 8.30% per year. During the past 3 years, the average E10 Growth Rate was -5.10% 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 I C D S was -5.10% per year. The lowest was -5.10% per year. And the median was -5.10% per year.

As of today (2026-07-01), I C D S's current stock price is ₹40.85. I C D S's E10 for the quarter that ended in Mar. 2026 was ₹0.65. I C D S's Shiller PE Ratio of today is 62.85.

During the past 13 years, the highest Shiller PE Ratio of I C D S was 110.73. The lowest was 22.71. And the median was 62.81.


I C D S  (BOM:511194) 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.

I C D S's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=40.85/0.65
=62.85

* 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 I C D S was 110.73. The lowest was 22.71. And the median was 62.81.


Be Aware

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


I C D S E10 Related Terms


I C D S E10 Historical Data

* Premium members only.

The historical data trend for I C D S'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.

I C D S E10 Chart

I C D S 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 0.76 0.93 0.60 0.65

I C D S 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 0.60 0.69 0.63 0.69 0.65

BOM:511194 vs CBRE, BEKE, JLL: E10 Comparison

For the Real Estate Services subindustry, I C D S'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.


I C D S Shiller PE Ratio vs Real Estate Industry

For the Real Estate industry and Real Estate sector, I C D S's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where I C D S's Shiller PE Ratio falls into.


BOM:511194
77GF Score
I C D S Ltd BOM:511194
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

I C D S 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, I C D S'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)
=-0.32/164.2724*164.2724
=-0.320

Current CPI (Mar. 2026) = 164.2724.

I C D S Quarterly Data

per share eps CPI Adj_EPS
201606 0.280 105.961 0.434
201609 0.240 105.961 0.372
201612 0.150 105.196 0.234
201703 0.440 105.196 0.687
201706 0.290 107.109 0.445
201709 1.270 109.021 1.914
201712 1.790 109.404 2.688
201803 -0.980 109.786 -1.466
201806 -1.220 111.317 -1.800
201809 -0.600 115.142 -0.856
201812 -0.230 115.142 -0.328
201903 0.620 118.202 0.862
201906 -0.320 120.880 -0.435
201909 0.610 123.175 0.814
201912 -0.020 126.235 -0.026
202003 -0.890 124.705 -1.172
202006 0.300 127.000 0.388
202009 -4.720 130.118 -5.959
202012 0.340 130.889 0.427
202103 -0.050 131.771 -0.062
202106 -0.020 134.084 -0.025
202109 -0.100 135.847 -0.121
202112 -0.450 138.161 -0.535
202203 5.050 138.822 5.976
202206 -0.180 142.347 -0.208
202209 1.230 144.661 1.397
202212 -0.150 145.763 -0.169
202303 -0.610 146.865 -0.682
202306 0.720 150.280 0.787
202309 0.650 151.492 0.705
202312 -0.040 152.924 -0.043
202403 0.230 153.035 0.247
202406 0.530 155.789 0.559
202409 0.500 157.882 0.520
202412 -0.590 158.323 -0.612
202503 0.640 157.552 0.667
202506 1.060 159.755 1.090
202509 -0.240 162.289 -0.243
202512 0.350 163.281 0.352
202603 -0.320 164.272 -0.320

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 ₹0.65 mean?
I C D S (BOM:511194) has a E10 of ₹0.65 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on I C D S and its competitors.
Is I C D S's E10 too high?
I C D S's current E10 is ₹0.65. Overall, I C D S has a GF Score™ of 77/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does I C D S's E10 compare to CBRE and BEKE?
I C D S's E10 of ₹0.65 can be compared against companies in the Real Estate 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 Real Estate company?
A good E10 depends on the Real Estate 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 I C D S and its competitors. I C D S's current E10 is ₹0.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is I C D S stock overvalued right now?
Based on GuruFocus' analysis, I C D S (BOM:511194) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹28.98, compared to a current price of ₹40.85 — trading 41% above its estimated fair value. The current E10 is ₹0.65. I C D S's overall GF Score™ is 77/100 with 1 warning sign 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 I C D S (BOM:511194), the current E10 is ₹0.65 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 I C D S (BOM:511194) Overvalued in 2026?

Based on GuruFocus' analysis, I C D S stock appears to be overvalued. The current stock price of ₹40.85 is trading 41% above its estimated GF Value™ of ₹28.98. GuruFocus considers I C D S to be Significantly Overvalued.

Key valuation signals for BOM:511194:

  • E10: ₹0.65
  • GF Value™: ₹28.98 vs. price of ₹40.85 (41% above fair value)
  • GF Score™: 77/100 with 1 warning sign

No single metric tells the full story. See the BOM:511194 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


I C D S Business Description

Other Exchanges ICDSLTD:India
Address Syndicate House, P.B. No 46, Upendra Nagar, Manipal, KA, IND, 576 104
I C D S Ltd is a Non-Banking Financial Company (NBFC). The company is presently concentrating on the recovery of its dues and repaying its liabilities. It is also engaged in trading activities of shares and securities, rental revenue from investment properties, and marketing of life insurance products and general insurance companies. The company's operating segment includes Financial Services (recovery of loans and advances), trading activities of shares & securities, rent on premises, and others. The company generates maximum revenue from the rent on premises segment. The company only operates in India.
77GF Score

Get the complete analysis for BOM:511194

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

₹40.85
Price
₹28.98
GF Value