Carnation Industries (BOM:530609) E10: ₹-48.49 (As of Jun. 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.
Reviewed by: Charlie Tian Charlie Tian
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:530609 Carnation Industries Ltd BOM:530609
24 GF Score
Price ₹98.26
! 8 Warning Signs
View Full Analysis

What is Carnation Industries E10?

Carnation Industries BOM:530609 24 E10 is ₹-48.49 as of Jun. 2026. GuruFocus rates BOM:530609 with a GF Score™ of 24/100. The stock has 8 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.

Carnation Industries's adjusted earnings per share data for the three months ended in Jun. 2026 was ₹-1.490. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₹-48.49 for the trailing ten years ended in Jun. 2026.

During the past 3 years, the average E10 Growth Rate was -21.80% per year. During the past 5 years, the average E10 Growth Rate was -23.90% 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 Carnation Industries was -21.80% per year. The lowest was -27.00% per year. And the median was -26.10% per year.

As of today (2026-08-25), Carnation Industries's current stock price is ₹98.26. Carnation Industries's E10 for the quarter that ended in Jun. 2026 was ₹-48.49. Carnation Industries's Shiller PE Ratio of today is .


Carnation Industries  (BOM:530609) 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.


Carnation Industries E10 Related Terms


Carnation Industries E10 Historical Data

* Premium members only.

The historical data trend for Carnation Industries'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.

Carnation Industries E10 Chart

Carnation Industries 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 -19.04 -25.49 -33.88 -38.21 -46.03

Carnation Industries Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 -40.22 -42.88 -45.02 -46.03 -48.49

BOM:530609 vs CRS, ATI, MLI: E10 Comparison

For the Metal Fabrication subindustry, Carnation Industries'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.


Carnation Industries Shiller PE Ratio vs Industrial Products Industry

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

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


BOM:530609
24GF Score
Carnation Industries Ltd BOM:530609
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Carnation Industries 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, Carnation Industries's adjusted earnings per share data for the three months ended in Jun. 2026 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=-1.49/167.3573*167.3573
=-1.490

Current CPI (Jun. 2026) = 167.3573.

Carnation Industries Quarterly Data

per share eps CPI Adj_EPS
201609 4.000 105.961 6.318
201612 -8.450 105.196 -13.443
201703 -1.183 105.196 -1.882
201706 0.845 107.109 1.320
201709 -15.605 109.021 -23.955
201712 -22.309 109.404 -34.127
201803 -69.424 109.786 -105.829
201806 -2.591 111.317 -3.895
201809 -1.972 115.142 -2.866
201812 -26.647 115.142 -38.731
201903 -45.125 118.202 -63.891
201906 -9.972 120.880 -13.806
201909 -201.121 123.175 -273.262
201912 222.190 126.235 294.570
202003 -5.521 124.705 -7.409
202006 -2.760 127.000 -3.637
202009 -14.140 130.118 -18.187
202012 -6.028 130.889 -7.708
202103 -103.490 131.771 -131.439
202106 43.041 134.084 53.722
202109 -40.224 135.847 -49.554
202112 -8.619 138.161 -10.440
202203 -6.648 138.822 -8.015
202206 -3.268 142.347 -3.842
202209 -3.944 144.661 -4.563
202212 -3.098 145.763 -3.557
202303 -9.577 146.865 -10.913
202306 -3.211 150.280 -3.576
202309 -1.859 151.492 -2.054
202312 -0.090 152.924 -0.098
202403 -2.438 153.035 -2.666
202406 6.500 155.789 6.983
202409 -0.160 157.882 -0.170
202412 -0.780 158.323 -0.825
202503 -1.430 157.552 -1.519
202506 -0.270 159.755 -0.283
202509 -0.750 162.289 -0.773
202512 -1.550 163.281 -1.589
202603 2.190 164.272 2.231
202606 -1.490 167.357 -1.490

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 ₹-48.49 mean?
Carnation Industries (BOM:530609) has a E10 of ₹-48.49 as of Jun. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Carnation Industries and its competitors.
Is Carnation Industries' E10 too high?
Carnation Industries' current E10 is ₹-48.49. Overall, Carnation Industries has a GF Score™ of 24/100, reflecting its overall financial health beyond just this single metric.
How does Carnation Industries' E10 compare to CRS and ATI?
Carnation Industries' E10 of ₹-48.49 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 Carnation Industries and its competitors. Carnation Industries's current E10 is ₹-48.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Carnation Industries stock overvalued right now?
Carnation Industries (BOM:530609) has a current E10 of ₹-48.49. The current E10 is ₹-48.49. Carnation Industries' overall GF Score™ is 24/100 with 8 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 Carnation Industries (BOM:530609), the current E10 is ₹-48.49 as of Jun. 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.

Carnation Industries Business Description

Address G-2 34/1 Vikas House, East Punjabi Bagh, Punjabi Bagh Sec - III, New Delhi, IND, 110026
Carnation Industries Ltd is currently looking for trading options. Previously, the company was engaged in the manufacture of foundry-based engineering goods namely Castings having plants in West Bengal.
24GF Score

Get the complete analysis for BOM:530609

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

₹98.26
Price