First Fintec (BOM:532379) E10: ₹-2.34 (As of Mar. 2026)

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Director of Data and Quant Analytics at GuruFocus
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BOM:532379 First Fintec Ltd BOM:532379
60 GF Score
Price ₹6.55
GF Value ₹6.92
Valuation Fairly Valued
! 2 Warning Signs
View Full Analysis

What is First Fintec E10?

First Fintec BOM:532379 -0.76% 60 E10 is ₹-2.34 as of Mar. 2026. GuruFocus rates BOM:532379 with a GF Score™ of 60/100 and a GF Value™ of ₹6.92 (Fairly Valued). 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.

First Fintec's adjusted earnings per share data for the three months ended in Mar. 2026 was ₹-0.310. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₹-2.34 for the trailing ten years ended in Mar. 2026.

During the past 3 years, the average E10 Growth Rate was 9.30% per year. During the past 5 years, the average E10 Growth Rate was 3.90% 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 First Fintec was 9.30% per year. The lowest was 1.80% per year. And the median was 6.90% per year.

As of today (2026-08-20), First Fintec's current stock price is ₹6.55. First Fintec's E10 for the quarter that ended in Mar. 2026 was ₹-2.34. First Fintec's Shiller PE Ratio of today is .


First Fintec  (BOM:532379) 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.


First Fintec E10 Related Terms


First Fintec E10 Historical Data

* Premium members only.

The historical data trend for First Fintec'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.

First Fintec E10 Chart

First Fintec 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 -2.78 -3.14 -2.44 -2.24 -2.34

First Fintec 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 -2.24 -2.26 -2.30 -2.30 -2.34

BOM:532379 vs QH, SHOP, UBER: E10 Comparison

For the Software - Application subindustry, First Fintec'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.


First Fintec Shiller PE Ratio vs Software Industry

For the Software industry and Technology sector, First Fintec's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where First Fintec's Shiller PE Ratio falls into.


BOM:532379
60GF Score
First Fintec Ltd BOM:532379
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

First Fintec 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, First Fintec'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)
=-0.31/164.2724*164.2724
=-0.310

Current CPI (Mar. 2026) = 164.2724.

First Fintec Quarterly Data

per share eps CPI Adj_EPS
201606 0.050 105.961 0.078
201609 0.060 105.961 0.093
201612 0.080 105.196 0.125
201703 -0.080 105.196 -0.125
201706 0.070 107.109 0.107
201709 0.150 109.021 0.226
201712 0.040 109.404 0.060
201803 -0.150 109.786 -0.224
201806 0.070 111.317 0.103
201809 0.020 115.142 0.029
201812 -0.500 115.142 -0.713
201903 -1.260 118.202 -1.751
201906 -1.190 120.880 -1.617
201909 -1.340 123.175 -1.787
201912 -1.830 126.235 -2.381
202003 -0.750 124.705 -0.988
202006 -1.800 127.000 -2.328
202009 -1.830 130.118 -2.310
202012 -1.840 130.889 -2.309
202103 -1.310 131.771 -1.633
202106 -0.950 134.084 -1.164
202109 -0.940 135.847 -1.137
202112 -0.800 138.161 -0.951
202203 -0.560 138.822 -0.663
202206 -0.810 142.347 -0.935
202209 -0.610 144.661 -0.693
202212 0.140 145.763 0.158
202303 -0.310 146.865 -0.347
202306 -0.270 150.280 -0.295
202309 0.090 151.492 0.098
202312 0.100 152.924 0.107
202403 -0.110 153.035 -0.118
202406 -0.090 155.789 -0.095
202409 0.040 157.882 0.042
202412 0.240 158.323 0.249
202503 -0.280 157.552 -0.292
202506 0.050 159.755 0.051
202509 0.056 162.289 0.057
202512 0.154 163.281 0.155
202603 -0.310 164.272 -0.310

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 ₹-2.34 mean?
First Fintec (BOM:532379) has a E10 of ₹-2.34 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on First Fintec and its competitors.
Is First Fintec's E10 too high?
First Fintec's current E10 is ₹-2.34. Overall, First Fintec has a GF Score™ of 60/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does First Fintec's E10 compare to QH and SHOP?
First Fintec's E10 of ₹-2.34 can be compared against companies in the Software 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 Software company?
A good E10 depends on the Software 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 First Fintec and its competitors. First Fintec's current E10 is ₹-2.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Fintec stock overvalued right now?
Based on GuruFocus' analysis, First Fintec (BOM:532379) is currently considered Fairly Valued. The stock's GF Value™ is ₹6.92, compared to a current price of ₹6.55 — trading 5.3% below its estimated fair value. The current E10 is ₹-2.34. First Fintec's overall GF Score™ is 60/100 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 First Fintec (BOM:532379), the current E10 is ₹-2.34 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 First Fintec (BOM:532379) Overvalued in 2026?

Based on GuruFocus' analysis, First Fintec stock appears to be undervalued. The current stock price of ₹6.55 is trading 5.3% below its estimated GF Value™ of ₹6.92. GuruFocus considers First Fintec to be Fairly Valued.

Key valuation signals for BOM:532379:

  • E10: ₹-2.34
  • GF Value™: ₹6.92 vs. price of ₹6.55 (5.3% below fair value)
  • GF Score™: 60/100 with 2 warning signs

No single metric tells the full story. See the BOM:532379 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


First Fintec Business Description

Address Dr. R.C. Marg, 302, The Bureau Chambers, Above State Bank of India, Chembur (East), Mumbai, MH, IND, 400071
First Fintec Ltd is an Information technology (IT), Information technology-enabled services(ITES), and e-education company that offers business, technology, and process consulting and services. The company operates in providing business process management and outsourcing strategies, enterprise resource planning software, and middle and back-office support to capital market arms of banks, educational institutions, and manufacturing and service companies. The firm generates the majority of its revenue from software services, educational software in the form of e-content, and software products.
60GF Score

Get the complete analysis for BOM:532379

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

₹6.55
Price
₹6.92
GF Value