Ceejay Finance (BOM:530789) E10: ₹20.41 (As of Mar. 2026)

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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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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:530789 Ceejay Finance Ltd BOM:530789
77 GF Score
Price ₹169.45
GF Value ₹210.98
Valuation Modestly Undervalued
! 5 Warning Signs
View Full Analysis

What is Ceejay Finance E10?

Ceejay Finance BOM:530789 77 E10 is ₹20.41 as of Mar. 2026. GuruFocus rates BOM:530789 with a GF Score™ of 77/100 and a GF Value™ of ₹210.98 (Modestly Undervalued). The stock has 5 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.

Ceejay Finance's adjusted earnings per share data for the three months ended in Mar. 2026 was ₹6.110. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₹20.41 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Ceejay Finance's average E10 Growth Rate was 6.90% per year. During the past 3 years, the average E10 Growth Rate was 6.10% per year. During the past 5 years, the average E10 Growth Rate was 6.20% 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 Ceejay Finance was 6.10% per year. The lowest was 5.80% per year. And the median was 6.10% per year.

As of today (2026-07-21), Ceejay Finance's current stock price is ₹169.45. Ceejay Finance's E10 for the quarter that ended in Mar. 2026 was ₹20.41. Ceejay Finance's Shiller PE Ratio of today is 8.30.

During the past 13 years, the highest Shiller PE Ratio of Ceejay Finance was 15.81. The lowest was 4.90. And the median was 8.38.


Ceejay Finance  (BOM:530789) 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.

Ceejay Finance's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=169.45/20.41
=8.30

* 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 Ceejay Finance was 15.81. The lowest was 4.90. And the median was 8.38.


Be Aware

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


Ceejay Finance E10 Related Terms


Ceejay Finance E10 Historical Data

* Premium members only.

The historical data trend for Ceejay Finance'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.

Ceejay Finance E10 Chart

Ceejay Finance 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 16.10 17.11 17.92 19.09 20.41

Ceejay Finance 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 19.09 19.43 19.94 20.10 20.41

BOM:530789 vs V, MA, AXP: E10 Comparison

For the Credit Services subindustry, Ceejay Finance'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.


Ceejay Finance Shiller PE Ratio vs Credit Services Industry

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

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


BOM:530789
77GF Score
Ceejay Finance Ltd BOM:530789
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ceejay Finance 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, Ceejay Finance'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)
=6.11/164.2724*164.2724
=6.110

Current CPI (Mar. 2026) = 164.2724.

Ceejay Finance Quarterly Data

per share eps CPI Adj_EPS
201606 2.450 105.961 3.798
201609 3.360 105.961 5.209
201612 3.240 105.196 5.060
201703 4.500 105.196 7.027
201706 3.800 107.109 5.828
201709 4.670 109.021 7.037
201712 4.150 109.404 6.231
201803 3.500 109.786 5.237
201806 4.067 111.317 6.002
201809 3.633 115.142 5.183
201812 3.370 115.142 4.808
201903 2.877 118.202 3.998
201906 4.160 120.880 5.653
201909 4.370 123.175 5.828
201912 4.250 126.235 5.531
202003 1.240 124.705 1.633
202006 3.570 127.000 4.618
202009 3.380 130.118 4.267
202012 3.880 130.889 4.870
202103 2.130 131.771 2.655
202106 4.330 134.084 5.305
202109 2.530 135.847 3.059
202112 4.060 138.161 4.827
202203 3.490 138.822 4.130
202206 5.060 142.347 5.839
202209 4.560 144.661 5.178
202212 4.710 145.763 5.308
202303 5.510 146.865 6.163
202306 5.360 150.280 5.859
202309 4.400 151.492 4.771
202312 3.890 152.924 4.179
202403 5.390 153.035 5.786
202406 5.200 155.789 5.483
202409 6.580 157.882 6.846
202412 3.310 158.323 3.434
202503 4.610 157.552 4.807
202506 5.060 159.755 5.203
202509 6.310 162.289 6.387
202512 4.880 163.281 4.910
202603 6.110 164.272 6.110

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 ₹20.41 mean?
Ceejay Finance (BOM:530789) has a E10 of ₹20.41 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Ceejay Finance and its competitors.
Is Ceejay Finance's E10 too high?
Ceejay Finance's current E10 is ₹20.41. Overall, Ceejay Finance has a GF Score™ of 77/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ceejay Finance's E10 compare to V and MA?
Ceejay Finance's E10 of ₹20.41 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 Ceejay Finance and its competitors. Ceejay Finance's current E10 is ₹20.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ceejay Finance stock overvalued right now?
Based on GuruFocus' analysis, Ceejay Finance (BOM:530789) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹210.98, compared to a current price of ₹169.45 — trading 19.7% below its estimated fair value. The current E10 is ₹20.41. Ceejay Finance's overall GF Score™ is 77/100 with 5 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 Ceejay Finance (BOM:530789), the current E10 is ₹20.41 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 Ceejay Finance (BOM:530789) Overvalued in 2026?

Based on GuruFocus' analysis, Ceejay Finance stock appears to be undervalued. The current stock price of ₹169.45 is trading 19.7% below its estimated GF Value™ of ₹210.98. GuruFocus considers Ceejay Finance to be Modestly Undervalued.

Key valuation signals for BOM:530789:

  • E10: ₹20.41
  • GF Value™: ₹210.98 vs. price of ₹169.45 (19.7% below fair value)
  • GF Score™: 77/100 with 5 warning signs

No single metric tells the full story. See the BOM:530789 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Ceejay Finance Business Description

Address Shyamal Cross Road, 132 FT. Ring Road, 815-816, ICONIC SHYAMAL, Ahmedabad, GJ, IND, 380015
Ceejay Finance Ltd is a Non- Banking Financial Company operating in India. The company provides customized and flexible loans for new and used two-wheeler vehicles and four-wheeler loans to individuals and small businesses. It also offers Commercial loans, Personal loans, Loans against property, Microfinance loans, SME business loans, and Insurance services. The company's share of revenue comes from the interest amount generated on two-wheeler financing in rural areas. It is engaged in one business segment which is Finance service.
77GF Score

Get the complete analysis for BOM:530789

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

₹169.45
Price
₹210.98
GF Value