TVS Motor Co (BOM:532343) E10: ₹34.06 (As of Jun. 2026)

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BOM:532343 TVS Motor Co Ltd BOM:532343
88 GF Score
Price ₹4,325.80
GF Value ₹4,281.09
Valuation Fairly Valued
! 3 Warning Signs
View Full Analysis

What is TVS Motor Co E10?

TVS Motor Co BOM:532343 +0.27% 88 E10 is ₹34.06 as of Jun. 2026. GuruFocus rates BOM:532343 with a GF Score™ of 88/100 and a GF Value™ of ₹4,281.09 (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.

TVS Motor Co's adjusted earnings per share data for the three months ended in Jun. 2026 was ₹21.460. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₹34.06 for the trailing ten years ended in Jun. 2026.

During the past 12 months, TVS Motor Co's average E10 Growth Rate was 23.50% 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.

As of today (2026-08-15), TVS Motor Co's current stock price is ₹4325.80. TVS Motor Co's E10 for the quarter that ended in Jun. 2026 was ₹34.06. TVS Motor Co's Shiller PE Ratio of today is 127.01.

During the past 13 years, the highest Shiller PE Ratio of TVS Motor Co was 129.23. The lowest was 87.48. And the median was 107.64.


TVS Motor Co  (BOM:532343) 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.

TVS Motor Co's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=4325.80/34.06
=127.01

* 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 TVS Motor Co was 129.23. The lowest was 87.48. And the median was 107.64.


Be Aware

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


TVS Motor Co E10 Related Terms


TVS Motor Co E10 Historical Data

* Premium members only.

The historical data trend for TVS Motor Co'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.

TVS Motor Co E10 Chart

TVS Motor Co 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 26.36 32.08

TVS Motor Co 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 27.58 29.32 30.83 32.08 34.06

BOM:532343 vs TSLA, GM, F: E10 Comparison

For the Auto Manufacturers subindustry, TVS Motor Co'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.


TVS Motor Co Shiller PE Ratio vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, TVS Motor Co's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where TVS Motor Co's Shiller PE Ratio falls into.


BOM:532343
88GF Score
TVS Motor Co Ltd BOM:532343
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

TVS Motor Co 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, TVS Motor Co'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)
=21.46/166.1454*166.1454
=21.460

Current CPI (Jun. 2026) = 166.1454.

TVS Motor Co Quarterly Data

per share eps CPI Adj_EPS
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 3.270 111.317 4.881
201809 4.360 115.142 6.291
201812 4.290 115.142 6.190
201903 2.910 118.202 4.090
201906 3.080 120.880 4.233
201909 5.340 123.175 7.203
201912 3.170 126.235 4.172
202003 1.560 124.705 2.078
202006 -3.780 127.000 -4.945
202009 3.790 130.118 4.839
202012 5.970 130.889 7.578
202103 6.530 131.771 8.233
202106 -0.220 134.084 -0.273
202109 5.100 135.847 6.237
202112 5.210 138.161 6.265
202203 5.840 138.822 6.989
202206 6.430 142.347 7.505
202209 8.130 144.661 9.337
202212 6.330 145.763 7.215
202303 7.080 146.865 8.009
202306 9.140 150.280 10.105
202309 8.130 151.492 8.916
202312 10.080 152.924 10.951
202403 8.150 153.035 8.848
202406 9.700 155.789 10.345
202409 11.800 157.882 12.418
202412 11.910 158.323 12.498
202503 13.640 157.552 14.384
202506 12.840 159.755 13.354
202509 16.740 162.289 17.138
202512 17.710 163.281 18.021
202603 16.240 164.272 16.425
202606 21.460 166.145 21.460

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 ₹34.06 mean?
TVS Motor Co (BOM:532343) has a E10 of ₹34.06 as of Jun. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on TVS Motor Co and its competitors.
Is TVS Motor Co's E10 too high?
TVS Motor Co's current E10 is ₹34.06. Overall, TVS Motor Co has a GF Score™ of 88/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does TVS Motor Co's E10 compare to TSLA and GM?
TVS Motor Co's E10 of ₹34.06 can be compared against companies in the Vehicles & Parts 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 Vehicles & Parts company?
A good E10 depends on the Vehicles & Parts 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 TVS Motor Co and its competitors. TVS Motor Co's current E10 is ₹34.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TVS Motor Co stock overvalued right now?
Based on GuruFocus' analysis, TVS Motor Co (BOM:532343) is currently considered Fairly Valued. The stock's GF Value™ is ₹4,281.09, compared to a current price of ₹4,325.80 — trading 1% above its estimated fair value. The current E10 is ₹34.06. TVS Motor Co's overall GF Score™ is 88/100 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 TVS Motor Co (BOM:532343), the current E10 is ₹34.06 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.

Is TVS Motor Co (BOM:532343) Overvalued in 2026?

Based on GuruFocus' analysis, TVS Motor Co stock appears to be overvalued. The current stock price of ₹4,325.80 is trading 1% above its estimated GF Value™ of ₹4,281.09. GuruFocus considers TVS Motor Co to be Fairly Valued.

Key valuation signals for BOM:532343:

  • E10: ₹34.06
  • GF Value™: ₹4,281.09 vs. price of ₹4,325.80 (1% above fair value)
  • GF Score™: 88/100 with 3 warning signs

No single metric tells the full story. See the BOM:532343 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


TVS Motor Co Business Description

Other Exchanges TVSMOTOR:India
Address Khader Nawaz Khan Road, Chaitanya, No. 12, Nungambakkam, Chennai, TN, IND, 600006
TVS Motor Co Ltd is an Indian automobile manufacturing company focused on the production of two-wheeled vehicles. The company principally manufactures motorcycles, scooters, mopeds, three-wheelers, and related spare parts and accessories. The company's reportable segments are Automotive vehicles and parts, Automotive Components, Financial Services, and Others. The company generates a majority of its revenue from the Automotive vehicles and parts segment. Geographically, the company derives its key revenue from India and the rest from other countries through exports.
88GF Score

Get the complete analysis for BOM:532343

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

₹4,325.80
Price
₹4,281.09
GF Value