Waaree Renewable Technologies (BOM:534618) E10: ₹9.27 (As of Mar. 2026)


BOM:534618 Waaree Renewable Technologies Ltd BOM:534618
80 GF Score
Price ₹977.20
GF Value ₹2,398.84
Valuation Possible Value Trap
! 3 Warning Signs
View Full Analysis

What is Waaree Renewable Technologies E10?

Waaree Renewable Technologies BOM:534618 -3.22% 80 E10 is ₹9.27 as of Mar. 2026. GuruFocus rates BOM:534618 with a GF Score™ of 80/100 and a GF Value™ of ₹2,398.84 (Possible Value Trap). 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.

Waaree Renewable Technologies's adjusted earnings per share data for the three months ended in Mar. 2026 was ₹14.940. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₹9.27 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Waaree Renewable Technologies's average E10 Growth Rate was 113.60% 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.

As of today (2026-07-09), Waaree Renewable Technologies's current stock price is ₹977.20. Waaree Renewable Technologies's E10 for the quarter that ended in Mar. 2026 was ₹9.27. Waaree Renewable Technologies's Shiller PE Ratio of today is 105.42.

During the past 13 years, the highest Shiller PE Ratio of Waaree Renewable Technologies was 1249.30. The lowest was 92.24. And the median was 256.30.


Waaree Renewable Technologies  (BOM:534618) 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.

Waaree Renewable Technologies's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=977.20/9.27
=105.42

* 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 Waaree Renewable Technologies was 1249.30. The lowest was 92.24. And the median was 256.30.


Be Aware

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


Waaree Renewable Technologies E10 Related Terms


Waaree Renewable Technologies E10 Historical Data

* Premium members only.

The historical data trend for Waaree Renewable Technologies'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.

Waaree Renewable Technologies E10 Chart

Waaree Renewable Technologies 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 2.20 4.34 9.27

Waaree Renewable Technologies 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 4.34 5.25 6.47 7.69 9.27

BOM:534618 vs PWR, FIX, EME: E10 Comparison

For the Engineering & Construction subindustry, Waaree Renewable Technologies'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.


Waaree Renewable Technologies Shiller PE Ratio vs Construction Industry

For the Construction industry and Industrials sector, Waaree Renewable Technologies's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Waaree Renewable Technologies's Shiller PE Ratio falls into.


BOM:534618
80GF Score
Waaree Renewable Technologies Ltd BOM:534618
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Waaree Renewable Technologies 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, Waaree Renewable Technologies'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)
=14.94/164.2724*164.2724
=14.940

Current CPI (Mar. 2026) = 164.2724.

Waaree Renewable Technologies Quarterly Data

per share eps CPI Adj_EPS
201509 -0.044 101.753 -0.071
201512 0.004 102.901 0.006
201603 0.054 102.518 0.087
201606 0.006 105.961 0.009
201609 0.004 105.961 0.006
201612 -0.034 105.196 -0.053
201703 0.014 105.196 0.022
201706 0.048 107.109 0.074
201709 0.002 109.021 0.003
201712 0.002 109.404 0.003
201803 -0.033 109.786 -0.049
201903 0.000 118.202 0.000
201906 -0.006 120.880 -0.008
201909 -0.030 123.175 -0.040
201912 -0.016 126.235 -0.021
202003 -0.256 124.705 -0.337
202006 -0.066 127.000 -0.085
202009 -0.054 130.118 -0.068
202012 -0.072 130.889 -0.090
202103 -0.118 131.771 -0.147
202106 -0.262 134.084 -0.321
202109 0.414 135.847 0.501
202112 0.024 138.161 0.029
202203 0.650 138.822 0.769
202206 0.960 142.347 1.108
202209 0.774 144.661 0.879
202212 2.400 145.763 2.705
202303 1.178 146.865 1.318
202306 0.870 150.280 0.951
202309 1.960 151.492 2.125
202312 6.140 152.924 6.596
202403 4.920 153.035 5.281
202406 2.710 155.789 2.858
202409 5.140 157.882 5.348
202412 5.120 158.323 5.312
202503 8.980 157.552 9.363
202506 8.270 159.755 8.504
202509 11.130 162.289 11.266
202512 11.500 163.281 11.570
202603 14.940 164.272 14.940

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 ₹9.27 mean?
Waaree Renewable Technologies (BOM:534618) has a E10 of ₹9.27 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Waaree Renewable Technologies and its competitors.
Is Waaree Renewable Technologies' E10 too high?
Waaree Renewable Technologies' current E10 is ₹9.27. Overall, Waaree Renewable Technologies has a GF Score™ of 80/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Waaree Renewable Technologies' E10 compare to PWR and FIX?
Waaree Renewable Technologies' E10 of ₹9.27 can be compared against companies in the Construction 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 Construction company?
A good E10 depends on the Construction 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 Waaree Renewable Technologies and its competitors. Waaree Renewable Technologies's current E10 is ₹9.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Waaree Renewable Technologies stock overvalued right now?
Based on GuruFocus' analysis, Waaree Renewable Technologies (BOM:534618) is currently considered Possible Value Trap. The stock's GF Value™ is ₹2,398.84, compared to a current price of ₹977.20 — trading 59.3% below its estimated fair value. The current E10 is ₹9.27. Waaree Renewable Technologies' overall GF Score™ is 80/100 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 Waaree Renewable Technologies (BOM:534618), the current E10 is ₹9.27 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 Waaree Renewable Technologies (BOM:534618) Overvalued in 2026?

Based on GuruFocus' analysis, Waaree Renewable Technologies stock appears to be undervalued. The current stock price of ₹977.20 is trading 59.3% below its estimated GF Value™ of ₹2,398.84. GuruFocus considers Waaree Renewable Technologies to be Possible Value Trap.

Key valuation signals for BOM:534618:

  • E10: ₹9.27
  • GF Value™: ₹2,398.84 vs. price of ₹977.20 (59.3% below fair value)
  • GF Score™: 80/100 with 3 warning signs

No single metric tells the full story. See the BOM:534618 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Waaree Renewable Technologies Business Description

Other Exchanges WAAREERTL:India
Address Opposite Western Express Highway, 504, Western Edge - I, Borivali (East), Mumbai, MH, IND, 400066
Waaree Renewable Technologies Ltd is engaged in the business of generation of power and providing consultancy services. It offers sustainable partnerships by providing renewable energy solutions to industrial, institutional, and commercial sectors and improves their profitability through the long-term renewable power supply. It generates maximum revenue from the EPC Contracts. Its projects include Ground Mounted, Rooftop Solar and Floating Solar.
80GF Score

Get the complete analysis for BOM:534618

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

₹977.20
Price
₹2,398.84
GF Value