Arman Holdings (BOM:538556) E10: ₹0.29 (As of Mar. 2026)


BOM:538556 Arman Holdings Ltd BOM:538556
75 GF Score
Price ₹108.95
GF Value ₹96.46
Valuation Modestly Overvalued
! 1 Warning Sign
View Full Analysis

What is Arman Holdings E10?

Arman Holdings BOM:538556 -0.14% 75 E10 is ₹0.29 as of Mar. 2026. GuruFocus rates BOM:538556 with a GF Score™ of 75/100 and a GF Value™ of ₹96.46 (Modestly Overvalued). The stock has 1 warning sign 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.

Arman Holdings's adjusted earnings per share data for the three months ended in Mar. 2026 was ₹1.620. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₹0.29 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Arman Holdings's average E10 Growth Rate was 625.00% 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 (2026-07-08), Arman Holdings's current stock price is ₹108.95. Arman Holdings's E10 for the quarter that ended in Mar. 2026 was ₹0.29. Arman Holdings's Shiller PE Ratio of today is 375.69.

During the past 13 years, the highest Shiller PE Ratio of Arman Holdings was 2833.00. The lowest was 361.21. And the median was 1540.00.


Arman Holdings  (BOM:538556) 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.

Arman Holdings's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=108.95/0.29
=375.69

* 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 Arman Holdings was 2833.00. The lowest was 361.21. And the median was 1540.00.


Be Aware

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


Arman Holdings E10 Related Terms


Arman Holdings E10 Historical Data

* Premium members only.

The historical data trend for Arman Holdings'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.

Arman Holdings E10 Chart

Arman Holdings 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 0.05 0.04 0.29

Arman Holdings 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 0.04 0.04 0.04 0.12 0.29

BOM:538556 vs HL: E10 Comparison

For the Other Precious Metals & Mining subindustry, Arman Holdings'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.


Arman Holdings Shiller PE Ratio vs Metals & Mining Industry

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

* The bar in red indicates where Arman Holdings's Shiller PE Ratio falls into.


BOM:538556
75GF Score
Arman Holdings Ltd BOM:538556
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Arman Holdings 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, Arman Holdings'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)
=1.62/164.2724*164.2724
=1.620

Current CPI (Mar. 2026) = 164.2724.

Arman Holdings Quarterly Data

per share eps CPI Adj_EPS
201606 0.016 105.961 0.025
201609 0.014 105.961 0.022
201612 0.010 105.196 0.016
201703 -0.012 105.196 -0.019
201706 0.011 107.109 0.017
201709 0.020 109.021 0.030
201712 0.019 109.404 0.029
201803 -0.013 109.786 -0.019
201806 0.011 111.317 0.016
201809 0.020 115.142 0.029
201812 -0.023 115.142 -0.033
201903 0.046 118.202 0.064
201906 0.001 120.880 0.001
201909 0.021 123.175 0.028
201912 0.020 126.235 0.026
202003 0.018 124.705 0.024
202006 -0.097 127.000 -0.125
202009 0.037 130.118 0.047
202012 0.040 130.889 0.050
202103 0.022 131.771 0.027
202106 0.017 134.084 0.021
202109 0.015 135.847 0.018
202112 0.010 138.161 0.012
202203 -0.003 138.822 -0.004
202206 0.012 142.347 0.014
202209 -0.040 144.661 -0.045
202212 0.050 145.763 0.056
202303 0.020 146.865 0.022
202306 -0.030 150.280 -0.033
202309 0.060 151.492 0.065
202312 0.000 152.924 0.000
202403 0.014 153.035 0.015
202406 -0.130 155.789 -0.137
202409 -0.060 157.882 -0.062
202412 -0.080 158.323 -0.083
202503 0.250 157.552 0.261
202506 -0.010 159.755 -0.010
202509 0.010 162.289 0.010
202512 0.810 163.281 0.815
202603 1.620 164.272 1.620

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 ₹0.29 mean?
Arman Holdings (BOM:538556) has a E10 of ₹0.29 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Arman Holdings and its competitors.
Is Arman Holdings' E10 too high?
Arman Holdings' current E10 is ₹0.29. Overall, Arman Holdings has a GF Score™ of 75/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Arman Holdings' E10 compare to HL?
Arman Holdings' E10 of ₹0.29 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 Arman Holdings and its competitors. Arman Holdings's current E10 is ₹0.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Arman Holdings stock overvalued right now?
Based on GuruFocus' analysis, Arman Holdings (BOM:538556) is currently considered Modestly Overvalued. The stock's GF Value™ is ₹96.46, compared to a current price of ₹108.95 — trading 12.9% above its estimated fair value. The current E10 is ₹0.29. Arman Holdings' overall GF Score™ is 75/100 with 1 warning sign 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 Arman Holdings (BOM:538556), the current E10 is ₹0.29 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 Arman Holdings (BOM:538556) Overvalued in 2026?

Based on GuruFocus' analysis, Arman Holdings stock appears to be overvalued. The current stock price of ₹108.95 is trading 12.9% above its estimated GF Value™ of ₹96.46. GuruFocus considers Arman Holdings to be Modestly Overvalued.

Key valuation signals for BOM:538556:

  • E10: ₹0.29
  • GF Value™: ₹96.46 vs. price of ₹108.95 (12.9% above fair value)
  • GF Score™: 75/100 with 1 warning sign

No single metric tells the full story. See the BOM:538556 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Arman Holdings Business Description

Address Parvat Godadra BRTS Road, Office No.106, Sanskruti AC Market, Parvat Patia, Surat, GJ, IND, 391050
Arman Holdings Ltd is an India-based company involved in carrying and undertaking the business of trading, exporting, importing, wholesaling, exhibiting, buying, and selling and otherwise dealing in chemicals, textiles, paper, oil, cement, plastic, automobile, Jute, tea, sugar, gold, diamonds, precious stones, and others. Its segments are Textiles Products; Plastic Products; and Precious Metal & Stones. The product profile in the textile business includes grey fabrics, knitted fabrics, fancy fabrics, cotton fabrics, polyester fabrics, and linen fabrics. A vast majority of the revenue comes from the Precious Metal and Stones segment.
75GF Score

Get the complete analysis for BOM:538556

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

₹108.95
Price
₹96.46
GF Value