Scan Projects (BOM:531797) E10: ₹0.90 (As of Dec. 2025)

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Director of Data and Quant Analytics at GuruFocus
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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:531797 Scan Projects Ltd BOM:531797
78 GF Score
Price ₹103.05
GF Value ₹101.93
Valuation Fairly Valued
! 3 Warning Signs
View Full Analysis

What is Scan Projects E10?

Scan Projects BOM:531797 -1.86% 78 E10 is ₹0.90 as of Dec. 2025. GuruFocus rates BOM:531797 with a GF Score™ of 78/100 and a GF Value™ of ₹101.93 (Fairly Valued). 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.

Scan Projects's adjusted earnings per share data for the three months ended in Dec. 2025 was ₹1.020. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₹0.90 for the trailing ten years ended in Dec. 2025.

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 (2026-07-30), Scan Projects's current stock price is ₹103.05. Scan Projects's E10 for the quarter that ended in Dec. 2025 was ₹0.90. Scan Projects's Shiller PE Ratio of today is 114.50.

During the past 12 years, the highest Shiller PE Ratio of Scan Projects was 148.17. The lowest was 66.67. And the median was 99.98.


Scan Projects  (BOM:531797) 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.

Scan Projects's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=103.05/0.90
=114.50

* 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 12 years, the highest Shiller P/E Ratio of Scan Projects was 148.17. The lowest was 66.67. And the median was 99.98.


Be Aware

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


Scan Projects E10 Related Terms


Scan Projects E10 Historical Data

* Premium members only.

The historical data trend for Scan Projects'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.

Scan Projects E10 Chart

Scan Projects Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.84

Scan Projects Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
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 0.84 0.82 0.85 0.90

BOM:531797 vs GEV, ETN, PH: E10 Comparison

For the Specialty Industrial Machinery subindustry, Scan Projects'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.


Scan Projects Shiller PE Ratio vs Industrial Products Industry

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

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


BOM:531797
78GF Score
Scan Projects Ltd BOM:531797
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Scan Projects 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, Scan Projects's adjusted earnings per share data for the three months ended in Dec. 2025 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=1.02/163.2808*163.2808
=1.020

Current CPI (Dec. 2025) = 163.2808.

Scan Projects Quarterly Data

per share eps CPI Adj_EPS
201506 0.230 99.841 0.376
201509 0.260 101.753 0.417
201603 0.440 102.518 0.701
201606 0.040 105.961 0.062
201609 0.040 105.961 0.062
201703 0.000 105.196 0.000
201709 0.170 109.021 0.255
201712 0.100 109.404 0.149
201803 0.090 109.786 0.134
201806 0.110 111.317 0.161
201809 0.060 115.142 0.085
201812 0.080 115.142 0.113
201903 0.190 118.202 0.262
201906 0.070 120.880 0.095
201909 0.050 123.175 0.066
201912 -0.160 126.235 -0.207
202003 0.110 124.705 0.144
202006 -0.310 127.000 -0.399
202009 -0.160 130.118 -0.201
202012 0.280 130.889 0.349
202103 0.300 131.771 0.372
202106 0.110 134.084 0.134
202109 0.260 135.847 0.313
202112 0.530 138.161 0.626
202203 0.060 138.822 0.071
202206 0.270 142.347 0.310
202209 0.190 144.661 0.214
202212 0.010 145.763 0.011
202303 -0.190 146.865 -0.211
202306 0.050 150.280 0.054
202309 -2.720 151.492 -2.932
202312 0.270 152.924 0.288
202403 2.590 153.035 2.763
202406 0.040 155.789 0.042
202409 0.100 157.882 0.103
202412 0.530 158.323 0.547
202503 1.320 157.552 1.368
202506 0.540 159.755 0.552
202509 0.540 162.289 0.543
202512 1.020 163.281 1.020

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 ₹0.90 mean?
Scan Projects (BOM:531797) has a E10 of ₹0.90 as of Dec. 2025. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Scan Projects and its competitors.
Is Scan Projects' E10 too high?
Scan Projects' current E10 is ₹0.90. Overall, Scan Projects has a GF Score™ of 78/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Scan Projects' E10 compare to GEV and ETN?
Scan Projects' E10 of ₹0.90 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 Scan Projects and its competitors. Scan Projects's current E10 is ₹0.90. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Scan Projects stock overvalued right now?
Based on GuruFocus' analysis, Scan Projects (BOM:531797) is currently considered Fairly Valued. The stock's GF Value™ is ₹101.93, compared to a current price of ₹103.05 — trading 1.1% above its estimated fair value. The current E10 is ₹0.90. Scan Projects' overall GF Score™ is 78/100 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 Scan Projects (BOM:531797), the current E10 is ₹0.90 as of Dec. 2025. 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 Scan Projects (BOM:531797) Overvalued in 2026?

Based on GuruFocus' analysis, Scan Projects stock appears to be overvalued. The current stock price of ₹103.05 is trading 1.1% above its estimated GF Value™ of ₹101.93. GuruFocus considers Scan Projects to be Fairly Valued.

Key valuation signals for BOM:531797:

  • E10: ₹0.90
  • GF Value™: ₹101.93 vs. price of ₹103.05 (1.1% above fair value)
  • GF Score™: 78/100 with 3 warning signs

No single metric tells the full story. See the BOM:531797 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Scan Projects Business Description

Address Delhi Road, 1, Village Jorian, Yamuna Nagar, HR, IND, 135001
Scan Projects Ltd is engaged in providing engineering services for erection, commissioning and supervision of custom designed and engineered critical equipment and systems to the core sector industries like cement, fertilizers and renewal power energy etc. and Trading of fabricating material, machinery parts and other items.
78GF Score

Get the complete analysis for BOM:531797

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

₹103.05
Price
₹101.93
GF Value