Religare Enterprises (BOM:532915) E10: ₹-21.21 (As of Jun. 2026)

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Director of Data and Quant Analytics at GuruFocus
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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:532915 Religare Enterprises Ltd BOM:532915
64 GF Score
Price ₹246.95
GF Value ₹444.64
Valuation Possible Value Trap
! 5 Warning Signs
View Full Analysis

What is Religare Enterprises E10?

Religare Enterprises BOM:532915 -3.89% 64 E10 is ₹-21.21 as of Jun. 2026. GuruFocus rates BOM:532915 with a GF Score™ of 64/100 and a GF Value™ of ₹444.64 (Possible Value Trap). 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.

Religare Enterprises's adjusted earnings per share data for the three months ended in Jun. 2026 was ₹-0.780. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₹-21.21 for the trailing ten years ended in Jun. 2026.

During the past 3 years, the average E10 Growth Rate was 13.60% 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 Religare Enterprises was 30.40% per year. The lowest was 13.60% per year. And the median was 22.00% per year.

As of today (2026-09-16), Religare Enterprises's current stock price is ₹246.95. Religare Enterprises's E10 for the quarter that ended in Jun. 2026 was ₹-21.21. Religare Enterprises's Shiller PE Ratio of today is .


Religare Enterprises  (BOM:532915) 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.


Religare Enterprises E10 Related Terms


Religare Enterprises E10 Historical Data

* Premium members only.

The historical data trend for Religare Enterprises'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.

Religare Enterprises E10 Chart

Religare Enterprises 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 -33.80 -19.84 -19.09 -20.66 -20.82

Religare Enterprises 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 -20.95 -21.28 -21.41 -20.82 -21.21

BOM:532915 vs MET, AFL, PRU: E10 Comparison

For the Insurance - Life subindustry, Religare Enterprises'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.


Religare Enterprises Shiller PE Ratio vs Insurance Industry

For the Insurance industry and Financial Services sector, Religare Enterprises's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Religare Enterprises's Shiller PE Ratio falls into.


BOM:532915
64GF Score
Religare Enterprises Ltd BOM:532915
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Religare Enterprises 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, Religare Enterprises'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)
=-0.78/167.3573*167.3573
=-0.780

Current CPI (Jun. 2026) = 167.3573.

Religare Enterprises Quarterly Data

per share eps CPI Adj_EPS
201403 4.310 91.425 7.890
201406 -0.050 94.103 -0.089
201409 0.560 96.780 0.968
201412 5.170 96.780 8.940
201503 2.710 97.163 4.668
201506 2.020 99.841 3.386
201509 3.490 101.753 5.740
201512 10.330 102.901 16.801
201603 -18.760 102.518 -30.625
201703 0.000 105.196 0.000
201803 0.000 109.786 0.000
201906 -3.954 120.880 -5.474
201909 -9.390 123.175 -12.758
201912 -9.270 126.235 -12.290
202003 -15.894 124.705 -21.331
202006 -7.271 127.000 -9.582
202009 -4.550 130.118 -5.852
202012 -4.382 130.889 -5.602
202103 -3.460 131.771 -4.394
202106 -9.744 134.084 -12.162
202109 -13.493 135.847 -16.622
202112 -7.841 138.161 -9.498
202203 -19.210 138.822 -23.159
202206 -2.380 142.347 -2.799
202209 -6.487 144.661 -7.504
202212 -3.640 145.763 -4.179
202303 105.910 146.865 120.688
202306 1.900 150.280 2.116
202309 0.760 151.492 0.840
202312 0.580 152.924 0.635
202403 3.760 153.035 4.112
202406 0.540 155.789 0.580
202409 1.540 157.882 1.632
202412 -1.301 158.323 -1.376
202503 2.978 157.552 3.164
202506 0.309 159.755 0.324
202509 1.150 162.289 1.186
202512 -1.362 163.281 -1.396
202603 2.470 164.272 2.516
202606 -0.780 167.357 -0.780

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 ₹-21.21 mean?
Religare Enterprises (BOM:532915) has a E10 of ₹-21.21 as of Jun. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Religare Enterprises and its competitors.
Is Religare Enterprises' E10 too high?
Religare Enterprises' current E10 is ₹-21.21. Overall, Religare Enterprises has a GF Score™ of 64/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Religare Enterprises' E10 compare to MET and AFL?
Religare Enterprises' E10 of ₹-21.21 can be compared against companies in the Insurance 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 Insurance company?
A good E10 depends on the Insurance 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 Religare Enterprises and its competitors. Religare Enterprises's current E10 is ₹-21.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Religare Enterprises stock overvalued right now?
Based on GuruFocus' analysis, Religare Enterprises (BOM:532915) is currently considered Possible Value Trap. The stock's GF Value™ is ₹444.64, compared to a current price of ₹246.95 — trading 44.5% below its estimated fair value. The current E10 is ₹-21.21. Religare Enterprises' overall GF Score™ is 64/100 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 Religare Enterprises (BOM:532915), the current E10 is ₹-21.21 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 Religare Enterprises (BOM:532915) Overvalued in 2026?

Based on GuruFocus' analysis, Religare Enterprises stock appears to be undervalued. The current stock price of ₹246.95 is trading 44.5% below its estimated GF Value™ of ₹444.64. GuruFocus considers Religare Enterprises to be Possible Value Trap.

Key valuation signals for BOM:532915:

  • E10: ₹-21.21
  • GF Value™: ₹444.64 vs. price of ₹246.95 (44.5% below fair value)
  • GF Score™: 64/100 with 5 warning signs

No single metric tells the full story. See the BOM:532915 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Religare Enterprises Business Description

Other Exchanges RELIGARE:India
Address Plot No. A. 3, 4, 5, Club 125, Tower B, Sector - 125, Noida, UP, IND, 201301
Religare Enterprises Ltd is an India-based company that is principally engaged in providing diversified financial services, including loans to small and midsize enterprises, affordable housing finance, health insurance, capital markets, and wealth management. The company operates via various subsidiaries and operating entities such as Insurance (Health and Travel - Care Health Insurance Limited), Retail Broking (Religare Broking Limited), SME Finance (NBFC) Religare Finvest Limited, Housing Finance (Affordable) [Religare Housing Development Finance Corporation Limited]. It generates around two-thirds of total revenue from investment and financing activity. The company concentrates its business in India and generates the majority of revenue from the domestic market.
64GF Score

Get the complete analysis for BOM:532915

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

₹246.95
Price
₹444.64
GF Value