Marsons (BOM:517467) E10: ₹-54.00 (As of Mar. 2026)

Author: 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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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:517467 Marsons Ltd BOM:517467
37 GF Score
Price ₹110.05
! 5 Warning Signs
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What is Marsons E10?

Marsons BOM:517467 +0.50% 37 E10 is ₹-54.00 as of Mar. 2026. GuruFocus rates BOM:517467 with a GF Score™ of 37/100. 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.

Marsons's adjusted earnings per share data for the three months ended in Mar. 2026 was ₹1.310. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₹-54.00 for the trailing ten years ended in Mar. 2026.

During the past 3 years, the average E10 Growth Rate was -3.50% 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 Marsons was -3.10% per year. The lowest was -3.50% per year. And the median was -3.30% per year.

As of today (2026-08-03), Marsons's current stock price is ₹110.05. Marsons's E10 for the quarter that ended in Mar. 2026 was ₹-54.00. Marsons's Shiller PE Ratio of today is .


Marsons  (BOM:517467) 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.


Marsons E10 Related Terms


Marsons E10 Historical Data

* Premium members only.

The historical data trend for Marsons'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.

Marsons E10 Chart

Marsons 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 -48.18 -48.70 -51.25 -52.79 -54.00

Marsons 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 -52.79 -51.73 -52.63 -53.14 -54.00

BOM:517467 vs VRT, BE: E10 Comparison

For the Electrical Equipment & Parts subindustry, Marsons'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.


Marsons Shiller PE Ratio vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Marsons's Shiller PE Ratio distribution charts can be found below:

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


BOM:517467
37GF Score
Marsons Ltd BOM:517467
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Marsons 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, Marsons'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)
=1.31/164.2724*164.2724
=1.310

Current CPI (Mar. 2026) = 164.2724.

Marsons Quarterly Data

per share eps CPI Adj_EPS
201606 -16.000 105.961 -24.805
201609 1.550 105.961 2.403
201612 -26.721 105.196 -41.727
201703 3.450 105.196 5.387
201706 -88.700 107.109 -136.039
201709 1.800 109.021 2.712
201712 -6.250 109.404 -9.385
201803 -181.250 109.786 -271.203
201806 -7.048 111.317 -10.401
201809 -39.600 115.142 -56.497
201812 -1.600 115.142 -2.283
201903 -0.400 118.202 -0.556
201906 -1.290 120.880 -1.753
201909 -0.020 123.175 -0.027
201912 -0.060 126.235 -0.078
202003 -0.120 124.705 -0.158
202006 -0.040 127.000 -0.052
202009 -0.050 130.118 -0.063
202012 -0.040 130.889 -0.050
202103 -0.050 131.771 -0.062
202106 -0.020 134.084 -0.025
202109 -0.030 135.847 -0.036
202112 -0.020 138.161 -0.024
202203 -0.030 138.822 -0.035
202206 -0.020 142.347 -0.023
202209 -0.020 144.661 -0.023
202212 0.060 145.763 0.068
202303 0.250 146.865 0.280
202306 -0.030 150.280 -0.033
202309 0.030 151.492 0.033
202312 0.010 152.924 0.011
202403 0.032 153.035 0.034
202406 0.300 155.789 0.316
202409 0.430 157.882 0.447
202412 0.370 158.323 0.384
202503 0.520 157.552 0.542
202506 0.470 159.755 0.483
202509 0.530 162.289 0.536
202512 0.380 163.281 0.382
202603 1.310 164.272 1.310

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 ₹-54.00 mean?
Marsons (BOM:517467) has a E10 of ₹-54.00 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Marsons and its competitors.
Is Marsons' E10 too high?
Marsons' current E10 is ₹-54.00. Overall, Marsons has a GF Score™ of 37/100, reflecting its overall financial health beyond just this single metric.
How does Marsons' E10 compare to VRT and BE?
Marsons' E10 of ₹-54.00 can be compared against companies in the Industrial Products 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 an Industrial Products company?
A good E10 depends on the Industrial Products 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 Marsons and its competitors. Marsons's current E10 is ₹-54.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Marsons stock overvalued right now?
Marsons (BOM:517467) has a current E10 of ₹-54.00. The current E10 is ₹-54.00. Marsons' overall GF Score™ is 37/100 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 Marsons (BOM:517467), the current E10 is ₹-54.00 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.

Marsons Business Description

Other Exchanges MARSONS:India
Address Budge Budge Trunk Road, Marsons House, Maheshtala, Village Chakmir, Kolkata, WB, IND, 700142
Marsons Ltd is engaged in the business of Manufacturing, Trading & Servicing of Transformer, Transformer Goods & Other Rental Income.. It manufactures Power and Distribution Transformers ranging from 10 KVA to 132KV Class Power Transformers, Furnace Transformer, Dry Type Transformers, and various types of special application Transformers.
37GF Score

Get the complete analysis for BOM:517467

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

₹110.05
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