Garnet International (BOM:512493) E10: ₹-1.86 (As of Mar. 2026)

Author: Vera Yuan 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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Charlie Tian
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:512493 Garnet International Ltd BOM:512493
44 GF Score
Price ₹60.71
GF Value ₹9.21
Valuation Significantly Overvalued
! 7 Warning Signs
View Full Analysis

What is Garnet International E10?

Garnet International BOM:512493 -1.11% 44 E10 is ₹-1.86 as of Mar. 2026. GuruFocus rates BOM:512493 with a GF Score™ of 44/100 and a GF Value™ of ₹9.21 (Significantly Overvalued). The stock has 7 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.

Garnet International's adjusted earnings per share data for the three months ended in Mar. 2026 was ₹0.280. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₹-1.86 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 (2026-08-12), Garnet International's current stock price is ₹60.71. Garnet International's E10 for the quarter that ended in Mar. 2026 was ₹-1.86. Garnet International's Shiller PE Ratio of today is .


Garnet International  (BOM:512493) 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.


Garnet International E10 Related Terms


Garnet International E10 Historical Data

* Premium members only.

The historical data trend for Garnet International'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.

Garnet International E10 Chart

Garnet International 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 -2.55 -2.25 -1.86

Garnet International 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 -2.25 -2.15 -1.97 -1.93 -1.86

BOM:512493 vs MS, GS, SCHW: E10 Comparison

For the Capital Markets subindustry, Garnet International'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.


Garnet International Shiller PE Ratio vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Garnet International's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Garnet International's Shiller PE Ratio falls into.


BOM:512493
44GF Score
Garnet International Ltd BOM:512493
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Garnet International 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, Garnet International'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)
=0.28/164.2724*164.2724
=0.280

Current CPI (Mar. 2026) = 164.2724.

Garnet International Quarterly Data

per share eps CPI Adj_EPS
201606 0.073 105.961 0.113
201609 0.520 105.961 0.806
201612 0.810 105.196 1.265
201703 11.340 105.196 17.708
201706 6.370 107.109 9.770
201709 1.390 109.021 2.094
201712 5.300 109.404 7.958
201803 -1.290 109.786 -1.930
201806 -11.740 111.317 -17.325
201809 -9.830 115.142 -14.024
201812 -2.940 115.142 -4.194
201903 -5.053 118.202 -7.022
201906 -6.519 120.880 -8.859
201909 -1.300 123.175 -1.734
201912 -1.023 126.235 -1.331
202003 -0.529 124.705 -0.697
202006 0.056 127.000 0.072
202009 -0.410 130.118 -0.518
202012 -1.130 130.889 -1.418
202103 -0.270 131.771 -0.337
202106 -0.823 134.084 -1.008
202109 0.120 135.847 0.145
202112 0.010 138.161 0.012
202203 -0.070 138.822 -0.083
202206 0.830 142.347 0.958
202209 0.340 144.661 0.386
202212 0.240 145.763 0.270
202303 0.250 146.865 0.280
202306 0.220 150.280 0.240
202309 -1.600 151.492 -1.735
202312 0.900 152.924 0.967
202403 -2.560 153.035 -2.748
202406 0.390 155.789 0.411
202409 0.290 157.882 0.302
202412 -0.090 158.323 -0.093
202503 0.200 157.552 0.209
202506 0.660 159.755 0.679
202509 1.430 162.289 1.447
202512 0.050 163.281 0.050
202603 0.280 164.272 0.280

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 ₹-1.86 mean?
Garnet International (BOM:512493) has a E10 of ₹-1.86 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Garnet International and its competitors.
Is Garnet International's E10 too high?
Garnet International's current E10 is ₹-1.86. Overall, Garnet International has a GF Score™ of 44/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Garnet International's E10 compare to MS and GS?
Garnet International's E10 of ₹-1.86 can be compared against companies in the Capital Markets 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 Capital Markets company?
A good E10 depends on the Capital Markets 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 Garnet International and its competitors. Garnet International's current E10 is ₹-1.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Garnet International stock overvalued right now?
Based on GuruFocus' analysis, Garnet International (BOM:512493) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹9.21, compared to a current price of ₹60.71 — trading 559.2% above its estimated fair value. The current E10 is ₹-1.86. Garnet International's overall GF Score™ is 44/100 with 7 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 Garnet International (BOM:512493), the current E10 is ₹-1.86 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 Garnet International (BOM:512493) Overvalued in 2026?

Based on GuruFocus' analysis, Garnet International stock appears to be overvalued. The current stock price of ₹60.71 is trading 559.2% above its estimated GF Value™ of ₹9.21. GuruFocus considers Garnet International to be Significantly Overvalued.

Key valuation signals for BOM:512493:

  • E10: ₹-1.86
  • GF Value™: ₹9.21 vs. price of ₹60.71 (559.2% above fair value)
  • GF Score™: 44/100 with 7 warning signs

No single metric tells the full story. See the BOM:512493 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Garnet International Business Description

Address Free Press Journal Marg, 901, Raheja Chambers, Nariman Point, Mumbai, MH, IND, 400021
Garnet International Ltd is a non-deposit accepting NBFC engaged in financial services. Its activities mainly comprise investing in listed and unlisted equity shares, debt instruments, and mutual funds etc. of companies in a wide range of industries. Its primary business segments are Trading, which generates maximum revenue, and Shares and Securities. Geographically, the group operates only in India.
44GF Score

Get the complete analysis for BOM:512493

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

₹60.71
Price
₹9.21
GF Value