Aryaman Financial Services (BOM:530245) E10: ₹13.45 (As of Mar. 2026)

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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:530245 Aryaman Financial Services Ltd BOM:530245
71 GF Score
Price ₹583.10
GF Value ₹480.07
Valuation Modestly Overvalued
! 2 Warning Signs
View Full Analysis

What is Aryaman Financial Services E10?

Aryaman Financial Services BOM:530245 -0.98% 71 E10 is ₹13.45 as of Mar. 2026. GuruFocus rates BOM:530245 with a GF Score™ of 71/100 and a GF Value™ of ₹480.07 (Modestly Overvalued). 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.

Aryaman Financial Services's adjusted earnings per share data for the three months ended in Mar. 2026 was ₹4.700. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₹13.45 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 (2026-07-14), Aryaman Financial Services's current stock price is ₹583.10. Aryaman Financial Services's E10 for the quarter that ended in Mar. 2026 was ₹13.45. Aryaman Financial Services's Shiller PE Ratio of today is 43.35.

During the past 13 years, the highest Shiller PE Ratio of Aryaman Financial Services was 65.19. The lowest was 43.40. And the median was 48.43.


Aryaman Financial Services  (BOM:530245) 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.

Aryaman Financial Services's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=583.10/13.45
=43.35

* 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 Aryaman Financial Services was 65.19. The lowest was 43.40. And the median was 48.43.


Be Aware

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


Aryaman Financial Services E10 Related Terms


Aryaman Financial Services E10 Historical Data

* Premium members only.

The historical data trend for Aryaman Financial Services'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.

Aryaman Financial Services E10 Chart

Aryaman Financial Services 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 13.45

Aryaman Financial Services 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 12.60 13.20 13.45

BOM:530245 vs MS, GS, SCHW: E10 Comparison

For the Capital Markets subindustry, Aryaman Financial Services'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.


Aryaman Financial Services Shiller PE Ratio vs Capital Markets Industry

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

* The bar in red indicates where Aryaman Financial Services's Shiller PE Ratio falls into.


BOM:530245
71GF Score
Aryaman Financial Services Ltd BOM:530245
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Aryaman Financial Services 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, Aryaman Financial Services'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)
=4.7/164.2724*164.2724
=4.700

Current CPI (Mar. 2026) = 164.2724.

Aryaman Financial Services Quarterly Data

per share eps CPI Adj_EPS
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
201806 1.651 111.317 2.436
201809 0.200 115.142 0.285
201812 0.421 115.142 0.601
201903 -0.297 118.202 -0.413
201906 0.396 120.880 0.538
201909 0.090 123.175 0.120
201912 0.037 126.235 0.048
202003 0.108 124.705 0.142
202006 0.025 127.000 0.032
202009 0.590 130.118 0.745
202012 0.870 130.889 1.092
202103 -0.435 131.771 -0.542
202106 5.180 134.084 6.346
202109 0.984 135.847 1.190
202112 -0.170 138.161 -0.202
202203 -0.060 138.822 -0.071
202206 0.681 142.347 0.786
202209 0.818 144.661 0.929
202212 5.130 145.763 5.781
202303 -1.837 146.865 -2.055
202306 0.636 150.280 0.695
202309 9.228 151.492 10.007
202312 5.950 152.924 6.392
202403 0.825 153.035 0.886
202406 5.230 155.789 5.515
202409 5.900 157.882 6.139
202412 18.500 158.323 19.195
202503 9.010 157.552 9.394
202506 10.800 159.755 11.105
202509 8.400 162.289 8.503
202512 7.240 163.281 7.284
202603 4.700 164.272 4.700

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 ₹13.45 mean?
Aryaman Financial Services (BOM:530245) has a E10 of ₹13.45 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Aryaman Financial Services and its competitors.
Is Aryaman Financial Services' E10 too high?
Aryaman Financial Services' current E10 is ₹13.45. Overall, Aryaman Financial Services has a GF Score™ of 71/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Aryaman Financial Services' E10 compare to MS and GS?
Aryaman Financial Services' E10 of ₹13.45 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 Aryaman Financial Services and its competitors. Aryaman Financial Services's current E10 is ₹13.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aryaman Financial Services stock overvalued right now?
Based on GuruFocus' analysis, Aryaman Financial Services (BOM:530245) is currently considered Modestly Overvalued. The stock's GF Value™ is ₹480.07, compared to a current price of ₹583.10 — trading 21.5% above its estimated fair value. The current E10 is ₹13.45. Aryaman Financial Services' overall GF Score™ is 71/100 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 Aryaman Financial Services (BOM:530245), the current E10 is ₹13.45 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 Aryaman Financial Services (BOM:530245) Overvalued in 2026?

Based on GuruFocus' analysis, Aryaman Financial Services stock appears to be overvalued. The current stock price of ₹583.10 is trading 21.5% above its estimated GF Value™ of ₹480.07. GuruFocus considers Aryaman Financial Services to be Modestly Overvalued.

Key valuation signals for BOM:530245:

  • E10: ₹13.45
  • GF Value™: ₹480.07 vs. price of ₹583.10 (21.5% above fair value)
  • GF Score™: 71/100 with 2 warning signs

No single metric tells the full story. See the BOM:530245 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Aryaman Financial Services Business Description

Address Alkesh Dinesh Modi Marg, 60, Khatau Building, Ground Floor, Opp. P. J. Tower (BSE Building), Fort, Mumbai, MH, IND, 400001
Aryaman Financial Services Ltd is engaged in the merchant banking business. The company is engaged in the business of management and syndication of small and medium-sized initial public offerings, rights issues, composite issues, venture capital funding, and others. The company generates its revenue from Fees & Commission income, Investment and Dividend income, and Sale of stock-in-trade.
71GF Score

Get the complete analysis for BOM:530245

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

₹583.10
Price
₹480.07
GF Value