JTL Defence (BOM:537254) E10: ₹-207.49 (As of Mar. 2026)


BOM:537254 JTL Defence Ltd BOM:537254
44 GF Score
Price ₹532.10
GF Value ₹54.29
Valuation Significantly Overvalued
! 9 Warning Signs
View Full Analysis

What is JTL Defence E10?

JTL Defence BOM:537254 +4.99% 44 E10 is ₹-207.49 as of Mar. 2026. GuruFocus rates BOM:537254 with a GF Score™ of 44/100 and a GF Value™ of ₹54.29 (Significantly Overvalued). The stock has 9 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.

JTL Defence's adjusted earnings per share data for the three months ended in Mar. 2026 was ₹1.210. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₹-207.49 for the trailing ten years ended in Mar. 2026.

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 (2026-07-06), JTL Defence's current stock price is ₹532.10. JTL Defence's E10 for the quarter that ended in Mar. 2026 was ₹-207.49. JTL Defence's Shiller PE Ratio of today is .


JTL Defence  (BOM:537254) 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.


JTL Defence E10 Related Terms


JTL Defence E10 Historical Data

* Premium members only.

The historical data trend for JTL Defence'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.

JTL Defence E10 Chart

JTL Defence 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 -205.25 -207.49

JTL Defence Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 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 -211.68 -205.25 -204.61 -201.72 -207.49

BOM:537254 vs SCCO, FCX: E10 Comparison

For the Copper subindustry, JTL Defence'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.


JTL Defence Shiller PE Ratio vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, JTL Defence's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where JTL Defence's Shiller PE Ratio falls into.


BOM:537254
44GF Score
JTL Defence Ltd BOM:537254
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

JTL Defence 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, JTL Defence'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)
=1.21/164.2724*164.2724
=1.210

Current CPI (Mar. 2026) = 164.2724.

JTL Defence Quarterly Data

per share eps CPI Adj_EPS
201603 50.284 102.518 80.574
201606 24.575 105.961 38.099
201609 26.465 105.961 41.029
201612 57.940 105.196 90.478
201703 160.208 105.196 250.178
201706 57.940 107.109 88.862
201709 63.233 109.021 95.279
201712 68.147 109.404 102.324
201803 41.399 109.786 61.945
201806 32.136 111.317 47.424
201809 90.548 115.142 129.184
201812 79.962 115.142 114.081
201903 35.917 118.202 49.916
201906 -89.792 120.880 -122.025
201909 -281.474 123.175 -375.388
201912 -169.376 126.235 -220.412
202003 -477.032 124.705 -628.388
202006 -98.866 127.000 -127.881
202009 -139.319 130.118 -175.889
202012 -161.815 130.889 -203.086
202103 -546.219 131.771 -680.947
202106 -19.660 134.084 -24.086
202109 -137.051 135.847 -165.728
202112 -75.142 138.161 -89.343
202203 -200.284 138.822 -237.003
202206 -24.953 142.347 -28.796
202209 -17.486 144.661 -19.857
202212 -23.157 145.763 -26.098
202303 -38.091 146.865 -42.606
202306 -14.556 150.280 -15.911
202309 -13.516 151.492 -14.656
202312 -14.272 152.924 -15.331
202403 -13.233 153.035 -14.205
202406 -9.546 155.789 -10.066
202409 -8.318 157.882 -8.655
202412 -8.601 158.323 -8.924
202503 -1.310 157.552 -1.366
202506 -17.864 159.755 -18.369
202509 9.452 162.289 9.568
202603 1.210 164.272 1.210

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 ₹-207.49 mean?
JTL Defence (BOM:537254) has a E10 of ₹-207.49 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on JTL Defence and its competitors.
Is JTL Defence's E10 too high?
JTL Defence's current E10 is ₹-207.49. Overall, JTL Defence has a GF Score™ of 44/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does JTL Defence's E10 compare to SCCO and FCX?
JTL Defence's E10 of ₹-207.49 can be compared against companies in the Metals & Mining 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 Metals & Mining company?
A good E10 depends on the Metals & Mining 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 JTL Defence and its competitors. JTL Defence's current E10 is ₹-207.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is JTL Defence stock overvalued right now?
Based on GuruFocus' analysis, JTL Defence (BOM:537254) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹54.29, compared to a current price of ₹532.10 — trading 880.1% above its estimated fair value. The current E10 is ₹-207.49. JTL Defence's overall GF Score™ is 44/100 with 9 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 JTL Defence (BOM:537254), the current E10 is ₹-207.49 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 JTL Defence (BOM:537254) Overvalued in 2026?

Based on GuruFocus' analysis, JTL Defence stock appears to be overvalued. The current stock price of ₹532.10 is trading 880.1% above its estimated GF Value™ of ₹54.29. GuruFocus considers JTL Defence to be Significantly Overvalued.

Key valuation signals for BOM:537254:

  • E10: ₹-207.49
  • GF Value™: ₹54.29 vs. price of ₹532.10 (880.1% above fair value)
  • GF Score™: 44/100 with 9 warning signs

No single metric tells the full story. See the BOM:537254 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


JTL Defence Business Description

Address Asaf Ali Road, 1/10-B, First Floor, MPL No-VIII / 3428, Munshi Niketan Building, Central Delhi, Delhi, IND, 110002
JTL Defence Ltd, formerly RCI Industries & Technologies Ltd is principally engaged in the manufacturing of copper and copper products. The main objective of the company is to manufacture, import, export, trade, and deal in all types of metal and metal products. Its product range includes Round and Flat Rolled Copper and Copper Alloys, which are used for various electrical and industrial applications in different industries, such as automobile, engineering, defense, construction, electronics, and others. The majority of the company's revenue is derived from the sales of its products in the domestic market.
44GF Score

Get the complete analysis for BOM:537254

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

₹532.10
Price
₹54.29
GF Value