VMS Industries (BOM:533427) E10: ₹1.76 (As of Jun. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
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:533427 VMS Industries Ltd BOM:533427
69 GF Score
Price ₹18.74
GF Value ₹22.68
Valuation Modestly Undervalued
! 5 Warning Signs
View Full Analysis

What is VMS Industries E10?

VMS Industries BOM:533427 +3.71% 69 E10 is ₹1.76 as of Jun. 2026. GuruFocus rates BOM:533427 with a GF Score™ of 69/100 and a GF Value™ of ₹22.68 (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.

VMS Industries's adjusted earnings per share data for the three months ended in Jun. 2026 was ₹0.760. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₹1.76 for the trailing ten years ended in Jun. 2026.

During the past 12 months, VMS Industries's average E10 Growth Rate was 10.00% per year. During the past 3 years, the average E10 Growth Rate was 21.40% per year. During the past 5 years, the average E10 Growth Rate was 11.70% 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 VMS Industries was 21.40% per year. The lowest was 6.40% per year. And the median was 13.50% per year.

As of today (2026-09-02), VMS Industries's current stock price is ₹18.74. VMS Industries's E10 for the quarter that ended in Jun. 2026 was ₹1.76. VMS Industries's Shiller PE Ratio of today is 10.65.

During the past 13 years, the highest Shiller PE Ratio of VMS Industries was 50.55. The lowest was 7.04. And the median was 16.02.


VMS Industries  (BOM:533427) 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.

VMS Industries's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=18.74/1.76
=10.65

* 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 VMS Industries was 50.55. The lowest was 7.04. And the median was 16.02.


Be Aware

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


VMS Industries E10 Related Terms


VMS Industries E10 Historical Data

* Premium members only.

The historical data trend for VMS Industries'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.

VMS Industries E10 Chart

VMS Industries 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 1.04 0.94 1.24 1.52 1.68

VMS Industries 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 1.60 1.68 1.68 1.68 1.76

BOM:533427 vs WM, RSG, WCN: E10 Comparison

For the Waste Management subindustry, VMS Industries'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.


VMS Industries Shiller PE Ratio vs Waste Management Industry

For the Waste Management industry and Industrials sector, VMS Industries's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where VMS Industries's Shiller PE Ratio falls into.


BOM:533427
69GF Score
VMS Industries Ltd BOM:533427
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

VMS Industries 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, VMS Industries'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)
=0.76/167.3573*167.3573
=0.760

Current CPI (Jun. 2026) = 167.3573.

VMS Industries Quarterly Data

per share eps CPI Adj_EPS
201609 0.178 105.961 0.281
201612 0.252 105.196 0.401
201703 0.056 105.196 0.089
201706 0.177 107.109 0.277
201709 0.251 109.021 0.385
201712 0.019 109.404 0.029
201803 0.532 109.786 0.811
201806 0.215 111.317 0.323
201809 0.327 115.142 0.475
201812 0.597 115.142 0.868
201903 0.009 118.202 0.013
201906 0.224 120.880 0.310
201909 0.345 123.175 0.469
201912 0.075 126.235 0.099
202003 0.040 124.705 0.054
202006 0.028 127.000 0.037
202009 0.271 130.118 0.349
202012 0.112 130.889 0.143
202103 0.188 131.771 0.239
202106 0.700 134.084 0.874
202109 -0.056 135.847 -0.069
202112 0.056 138.161 0.068
202203 -0.047 138.822 -0.057
202206 0.215 142.347 0.253
202209 0.187 144.661 0.216
202212 0.084 145.763 0.096
202303 0.933 146.865 1.063
202306 0.090 150.280 0.100
202309 1.160 151.492 1.281
202312 1.750 152.924 1.915
202403 0.565 153.035 0.618
202406 0.260 155.789 0.279
202409 0.310 157.882 0.329
202412 0.140 158.323 0.148
202503 2.200 157.552 2.337
202506 0.710 159.755 0.744
202509 0.770 162.289 0.794
202512 0.110 163.281 0.113
202603 0.120 164.272 0.122
202606 0.760 167.357 0.760

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 ₹1.76 mean?
VMS Industries (BOM:533427) has a E10 of ₹1.76 as of Jun. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on VMS Industries and its competitors.
Is VMS Industries' E10 too high?
VMS Industries' current E10 is ₹1.76. Overall, VMS Industries has a GF Score™ of 69/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does VMS Industries' E10 compare to WM and RSG?
VMS Industries' E10 of ₹1.76 can be compared against companies in the Waste Management 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 Waste Management company?
A good E10 depends on the Waste Management 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 VMS Industries and its competitors. VMS Industries's current E10 is ₹1.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is VMS Industries stock overvalued right now?
Based on GuruFocus' analysis, VMS Industries (BOM:533427) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹22.68, compared to a current price of ₹18.74 — trading 17.4% below its estimated fair value. The current E10 is ₹1.76. VMS Industries' overall GF Score™ is 69/100 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 VMS Industries (BOM:533427), the current E10 is ₹1.76 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 VMS Industries (BOM:533427) Overvalued in 2026?

Based on GuruFocus' analysis, VMS Industries stock appears to be undervalued. The current stock price of ₹18.74 is trading 17.4% below its estimated GF Value™ of ₹22.68. GuruFocus considers VMS Industries to be Modestly Undervalued.

Key valuation signals for BOM:533427:

  • E10: ₹1.76
  • GF Value™: ₹22.68 vs. price of ₹18.74 (17.4% below fair value)
  • GF Score™: 69/100 with 5 warning signs

No single metric tells the full story. See the BOM:533427 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


VMS Industries Business Description

Address Corporate Road, 808-C, Pinnacle Business Park, Prahladnagar, Ahmedabad, GJ, IND, 380015
VMS Industries Ltd provides ship recycling and offshore services. The Company is engaged in the business of breaking old and used ships. On the basis of the dominant source, the nature of risks and returns, and the internal organization, the company has identified two operating segments: Manufacturing and Trading. Manufacturing in respect of Ship-Breaking business activities and Trading in respect of trading in Ferrous and Non-Ferrous metals. The majority of income is from the Manufacturing segment.
69GF Score

Get the complete analysis for BOM:533427

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

₹18.74
Price
₹22.68
GF Value