Bheema Cements (BOM:518017) E10: ₹-13.52 (As of Dec. 2025)

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Director of Data and Quant Analytics at GuruFocus
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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:518017 Bheema Cements Ltd BOM:518017
19 GF Score
Price ₹16.15
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What is Bheema Cements E10?

Bheema Cements BOM:518017 19 E10 is ₹-13.52 as of Dec. 2025. GuruFocus rates BOM:518017 with a GF Score™ of 19/100.

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.

Bheema Cements's adjusted earnings per share data for the three months ended in Dec. 2025 was ₹-2.250. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₹-13.52 for the trailing ten years ended in Dec. 2025.

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 (2026-07-14), Bheema Cements's current stock price is ₹16.15. Bheema Cements's E10 for the quarter that ended in Dec. 2025 was ₹-13.52. Bheema Cements's Shiller PE Ratio of today is .


Bheema Cements  (BOM:518017) 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.


Bheema Cements E10 Related Terms


Bheema Cements E10 Historical Data

* Premium members only.

The historical data trend for Bheema Cements'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.

Bheema Cements E10 Chart

Bheema Cements Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 -12.43 -12.40

Bheema Cements Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
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 -12.59 -12.40 -12.74 -13.18 -13.52

BOM:518017 vs CRH, VMC, MLM: E10 Comparison

For the Building Materials subindustry, Bheema Cements'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.


Bheema Cements Shiller PE Ratio vs Building Materials Industry

For the Building Materials industry and Basic Materials sector, Bheema Cements's Shiller PE Ratio distribution charts can be found below:

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


BOM:518017
19GF Score
Bheema Cements Ltd BOM:518017
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
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Bheema Cements 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, Bheema Cements's adjusted earnings per share data for the three months ended in Dec. 2025 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=-2.25/163.2808*163.2808
=-2.250

Current CPI (Dec. 2025) = 163.2808.

Bheema Cements Quarterly Data

per share eps CPI Adj_EPS
201206 0.130 79.567 0.267
201209 -0.680 82.244 -1.350
201212 -0.750 83.774 -1.462
201303 -5.500 85.687 -10.481
201306 -1.270 88.365 -2.347
201309 -1.250 91.042 -2.242
201312 -2.250 91.425 -4.018
201503 0.000 97.163 0.000
201603 0.000 102.518 0.000
201609 -0.670 105.961 -1.032
201612 -0.670 105.196 -1.040
201703 -6.040 105.196 -9.375
201709 -1.110 109.021 -1.662
201712 -0.550 109.404 -0.821
201803 -10.330 109.786 -15.363
201903 0.000 118.202 0.000
202003 0.000 124.705 0.000
202006 -1.850 127.000 -2.378
202009 1.840 130.118 2.309
202012 -3.930 130.889 -4.903
202103 -6.940 131.771 -8.600
202106 -0.040 134.084 -0.049
202109 -3.930 135.847 -4.724
202112 -2.050 138.161 -2.423
202203 -5.310 138.822 -6.246
202206 -2.230 142.347 -2.558
202209 -5.810 144.661 -6.558
202212 -2.700 145.763 -3.024
202303 -3.680 146.865 -4.091
202306 -2.280 150.280 -2.477
202309 -2.750 151.492 -2.964
202312 -2.260 152.924 -2.413
202403 -3.050 153.035 -3.254
202406 -2.280 155.789 -2.390
202409 -2.740 157.882 -2.834
202412 -2.250 158.323 -2.320
202503 -1.960 157.552 -2.031
202506 -2.250 159.755 -2.300
202509 -2.300 162.289 -2.314
202512 -2.250 163.281 -2.250

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 ₹-13.52 mean?
Bheema Cements (BOM:518017) has a E10 of ₹-13.52 as of Dec. 2025. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Bheema Cements and its competitors.
Is Bheema Cements' E10 too high?
Bheema Cements' current E10 is ₹-13.52. Overall, Bheema Cements has a GF Score™ of 19/100, reflecting its overall financial health beyond just this single metric.
How does Bheema Cements' E10 compare to CRH and VMC?
Bheema Cements' E10 of ₹-13.52 can be compared against companies in the Building Materials 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 Building Materials company?
A good E10 depends on the Building Materials 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 Bheema Cements and its competitors. Bheema Cements's current E10 is ₹-13.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bheema Cements stock overvalued right now?
Bheema Cements (BOM:518017) has a current E10 of ₹-13.52. The current E10 is ₹-13.52. Bheema Cements' overall GF Score™ is 19/100. 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 Bheema Cements (BOM:518017), the current E10 is ₹-13.52 as of Dec. 2025. 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.

Bheema Cements Business Description

Address 6-3-652/C/A, Flat 5A, Kautilya, Amrutha Estates, Opposite Vijaya Bank, Beside Medinova, Somajiguda, Hyderabad, TG, IND, 500082
Bheema Cements Ltd is an Indian based company engaged in manufacturing and sale of Cement. Its products include Portland cement, aluminous cement, slag cement, supersulphate cement and similar hydraulic cements. In the Indian market, the company operates through a network of dealers and agents to sell its products. Geographically, the company's operations are located in India.
19GF Score

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

₹16.15
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