Maha Rashtra Apex (BOM:523384) E10: ₹6.75 (As of Mar. 2026)


BOM:523384 Maha Rashtra Apex Corp Ltd BOM:523384
64 GF Score
Price ₹45.69
GF Value ₹61.66
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Maha Rashtra Apex E10?

Maha Rashtra Apex BOM:523384 +0.31% 64 E10 is ₹6.75 as of Mar. 2026. GuruFocus rates BOM:523384 with a GF Score™ of 64/100 and a GF Value™ of ₹61.66 (Modestly Undervalued). The stock has 2 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.

Maha Rashtra Apex's adjusted earnings per share data for the three months ended in Mar. 2026 was ₹-3.520. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₹6.75 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 (2026-07-05), Maha Rashtra Apex's current stock price is ₹45.69. Maha Rashtra Apex's E10 for the quarter that ended in Mar. 2026 was ₹6.75. Maha Rashtra Apex's Shiller PE Ratio of today is 6.77.

During the past 13 years, the highest Shiller PE Ratio of Maha Rashtra Apex was 8.43. The lowest was 6.23. And the median was 7.19.


Maha Rashtra Apex  (BOM:523384) 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.

Maha Rashtra Apex's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=45.69/6.75
=6.77

* 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 Maha Rashtra Apex was 8.43. The lowest was 6.23. And the median was 7.19.


Be Aware

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


Maha Rashtra Apex E10 Related Terms


Maha Rashtra Apex E10 Historical Data

* Premium members only.

The historical data trend for Maha Rashtra Apex'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.

Maha Rashtra Apex E10 Chart

Maha Rashtra Apex 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 0.00 0.00 6.75

Maha Rashtra Apex 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 0.00 0.00 7.35 7.40 6.75

BOM:523384 vs V, MA, AXP: E10 Comparison

For the Credit Services subindustry, Maha Rashtra Apex'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.


Maha Rashtra Apex Shiller PE Ratio vs Credit Services Industry

For the Credit Services industry and Financial Services sector, Maha Rashtra Apex's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Maha Rashtra Apex's Shiller PE Ratio falls into.


BOM:523384
64GF Score
Maha Rashtra Apex Corp Ltd BOM:523384
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Maha Rashtra Apex 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, Maha Rashtra Apex'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)
=-3.52/164.2724*164.2724
=-3.520

Current CPI (Mar. 2026) = 164.2724.

Maha Rashtra Apex Quarterly Data

per share eps CPI Adj_EPS
201003 0.000 65.030 0.000
201103 0.000 70.768 0.000
201203 0.000 76.889 0.000
201303 0.000 85.687 0.000
201403 0.000 91.425 0.000
201503 0.000 97.163 0.000
201603 0.000 102.518 0.000
201703 0.000 105.196 0.000
201803 0.000 109.786 0.000
201809 1.603 115.142 2.287
201812 0.443 115.142 0.632
201903 2.025 118.202 2.814
201906 1.603 120.880 2.178
201909 10.268 123.175 13.694
201912 -5.836 126.235 -7.594
202003 -0.788 124.705 -1.038
202006 0.426 127.000 0.551
202009 10.916 130.118 13.781
202012 1.269 130.889 1.593
202103 0.302 131.771 0.376
202106 0.211 134.084 0.259
202109 -0.205 135.847 -0.248
202112 0.632 138.161 0.751
202203 -0.124 138.822 -0.147
202206 0.621 142.347 0.717
202209 0.394 144.661 0.447
202212 0.151 145.763 0.170
202303 -17.211 146.865 -19.251
202306 0.146 150.280 0.160
202309 0.923 151.492 1.001
202312 -3.439 152.924 -3.694
202403 18.553 153.035 19.915
202406 4.664 155.789 4.918
202409 -3.050 157.882 -3.173
202412 -2.608 158.323 -2.706
202503 15.900 157.552 16.578
202506 9.140 159.755 9.398
202509 -0.437 162.289 -0.442
202512 1.879 163.281 1.890
202603 -3.520 164.272 -3.520

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 ₹6.75 mean?
Maha Rashtra Apex (BOM:523384) has a E10 of ₹6.75 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Maha Rashtra Apex and its competitors.
Is Maha Rashtra Apex's E10 too high?
Maha Rashtra Apex's current E10 is ₹6.75. Overall, Maha Rashtra Apex has a GF Score™ of 64/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Maha Rashtra Apex's E10 compare to V and MA?
Maha Rashtra Apex's E10 of ₹6.75 can be compared against companies in the Credit Services 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 Credit Services company?
A good E10 depends on the Credit Services 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 Maha Rashtra Apex and its competitors. Maha Rashtra Apex's current E10 is ₹6.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Maha Rashtra Apex stock overvalued right now?
Based on GuruFocus' analysis, Maha Rashtra Apex (BOM:523384) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹61.66, compared to a current price of ₹45.69 — trading 25.9% below its estimated fair value. The current E10 is ₹6.75. Maha Rashtra Apex's overall GF Score™ is 64/100 with 2 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 Maha Rashtra Apex (BOM:523384), the current E10 is ₹6.75 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 Maha Rashtra Apex (BOM:523384) Overvalued in 2026?

Based on GuruFocus' analysis, Maha Rashtra Apex stock appears to be undervalued. The current stock price of ₹45.69 is trading 25.9% below its estimated GF Value™ of ₹61.66. GuruFocus considers Maha Rashtra Apex to be Modestly Undervalued.

Key valuation signals for BOM:523384:

  • E10: ₹6.75
  • GF Value™: ₹61.66 vs. price of ₹45.69 (25.9% below fair value)
  • GF Score™: 64/100 with 2 warning signs

No single metric tells the full story. See the BOM:523384 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Maha Rashtra Apex Business Description

Other Exchanges MAHAPEXLTD:India
Address Syndicate House, Upendra Nagar, Manipal, KA, IND, 576104
Maha Rashtra Apex Corp Ltd is an India-based finance company. The company is engaged in the business of leasing and hire purchase. The company generates revenue from Income from Hire Purchases, Lease, Loans & Advances, and lodging business.
64GF Score

Get the complete analysis for BOM:523384

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

₹45.69
Price
₹61.66
GF Value