Panjon (BOM:526345) E10: ₹-0.20 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
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
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:526345 Panjon Ltd BOM:526345
61 GF Score
Price ₹18.50
GF Value ₹68.94
Valuation Significantly Undervalued
! 3 Warning Signs
View Full Analysis

What is Panjon E10?

Panjon BOM:526345 +2.38% 61 E10 is ₹-0.20 as of Mar. 2026. GuruFocus rates BOM:526345 with a GF Score™ of 61/100 and a GF Value™ of ₹68.94 (Significantly Undervalued). The stock has 3 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.

Panjon's adjusted earnings per share data for the fiscal year that ended in Mar. 2026 was ₹0.043. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₹-0.20 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 (2026-07-15), Panjon's current stock price is ₹ 18.50. Panjon's E10 for the fiscal year that ended in Mar. 2026 was ₹-0.20. Panjon's Shiller PE Ratio of today is .


Panjon  (BOM:526345) 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.


Panjon E10 Related Terms


Panjon E10 Historical Data

* Premium members only.

The historical data trend for Panjon'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.

Panjon E10 Chart

Panjon 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 -0.16 -0.20

Panjon 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 -0.16 0.00 0.00 0.00 -0.20

BOM:526345 vs KHC, GIS: E10 Comparison

For the Packaged Foods subindustry, Panjon'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.


Panjon Shiller PE Ratio vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Panjon's Shiller PE Ratio distribution charts can be found below:

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


BOM:526345
61GF Score
Panjon Ltd BOM:526345
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Panjon 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, Panjon's adjusted earnings per share data for the fiscal year that ended in Mar. 2026 was:

Adj_EPS=Earnings per Share (Diluted) /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=0.043/164.2724*164.2724
=0.043

Current CPI (Mar. 2026) = 164.2724.

Panjon Annual Data

per_share_eps CPI Adj_EPS
201703 0.075 105.196 0.117
201803 0.079 109.786 0.118
201903 0.090 118.202 0.125
202003 -0.021 124.705 -0.028
202103 0.062 131.771 0.077
202203 -2.679 138.822 -3.170
202303 0.523 146.865 0.585
202403 0.098 153.035 0.105
202503 0.032 157.552 0.033
202603 0.043 164.272 0.043

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 ₹-0.20 mean?
Panjon (BOM:526345) has a E10 of ₹-0.20 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Panjon and its competitors.
Is Panjon's E10 too high?
Panjon's current E10 is ₹-0.20. Overall, Panjon has a GF Score™ of 61/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Panjon's E10 compare to KHC and GIS?
Panjon's E10 of ₹-0.20 can be compared against companies in the Consumer Packaged Goods 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 Consumer Packaged Goods company?
A good E10 depends on the Consumer Packaged Goods 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 Panjon and its competitors. Panjon's current E10 is ₹-0.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Panjon stock overvalued right now?
Based on GuruFocus' analysis, Panjon (BOM:526345) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹68.94, compared to a current price of ₹18.50 — trading 73.2% below its estimated fair value. The current E10 is ₹-0.20. Panjon's overall GF Score™ is 61/100 with 3 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 Panjon (BOM:526345), the current E10 is ₹-0.20 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 Panjon (BOM:526345) Overvalued in 2026?

Based on GuruFocus' analysis, Panjon stock appears to be undervalued. The current stock price of ₹18.50 is trading 73.2% below its estimated GF Value™ of ₹68.94. GuruFocus considers Panjon to be Significantly Undervalued.

Key valuation signals for BOM:526345:

  • E10: ₹-0.20
  • GF Value™: ₹68.94 vs. price of ₹18.50 (73.2% below fair value)
  • GF Score™: 61/100 with 3 warning signs

No single metric tells the full story. See the BOM:526345 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Panjon Business Description

Address Airport Bijasan Road, 01, Panjon Farm House, Near Hinkargiri Jain Tirth, Indore, MP, IND, 452005
Panjon Ltd is engaged in the business of manufacturing and trading of Allopathic and Ayurvedic medicines. Its product portfolio includes - panjon tablet, panjon balm, panjon inhaler, panjon cough drops, swad digestive drops, swad chatpati digestive drops, percy masala candy, kery cough drops, panjon dental care cream, swad energy drink, and many more.
61GF Score

Get the complete analysis for BOM:526345

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

₹18.50
Price
₹68.94
GF Value