Goenka Business & Finance (BOM:538787) E10: ₹0.30 (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.
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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:538787 Goenka Business & Finance Ltd BOM:538787
68 GF Score
Price ₹9.54
GF Value ₹17.99
Valuation Possible Value Trap
! 3 Warning Signs
View Full Analysis

What is Goenka Business & Finance E10?

Goenka Business & Finance BOM:538787 68 E10 is ₹0.30 as of Jun. 2026. GuruFocus rates BOM:538787 with a GF Score™ of 68/100 and a GF Value™ of ₹17.99 (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.

Goenka Business & Finance's adjusted earnings per share data for the three months ended in Jun. 2026 was ₹0.085. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₹0.30 for the trailing ten years ended in Jun. 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 (2026-09-11), Goenka Business & Finance's current stock price is ₹9.54. Goenka Business & Finance's E10 for the quarter that ended in Jun. 2026 was ₹0.30. Goenka Business & Finance's Shiller PE Ratio of today is 31.80.

During the past 12 years, the highest Shiller PE Ratio of Goenka Business & Finance was 388.33. The lowest was 30.33. And the median was 88.90.


Goenka Business & Finance  (BOM:538787) 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.

Goenka Business & Finance's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=9.54/0.30
=31.80

* 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 12 years, the highest Shiller P/E Ratio of Goenka Business & Finance was 388.33. The lowest was 30.33. And the median was 88.90.


Be Aware

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


Goenka Business & Finance E10 Related Terms


Goenka Business & Finance E10 Historical Data

* Premium members only.

The historical data trend for Goenka Business & Finance'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.

Goenka Business & Finance E10 Chart

Goenka Business & Finance 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 0.13 0.03 0.29

Goenka Business & Finance 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 -0.03 -0.20 -0.05 0.29 0.30

BOM:538787 vs MS, GS, SCHW: E10 Comparison

For the Capital Markets subindustry, Goenka Business & Finance'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.


Goenka Business & Finance Shiller PE Ratio vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Goenka Business & Finance's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Goenka Business & Finance's Shiller PE Ratio falls into.


BOM:538787
68GF Score
Goenka Business & Finance Ltd BOM:538787
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Goenka Business & Finance 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, Goenka Business & Finance'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)
=0.085/167.3573*167.3573
=0.085

Current CPI (Jun. 2026) = 167.3573.

Goenka Business & Finance Quarterly Data

per share eps CPI Adj_EPS
201609 0.050 105.961 0.079
201612 0.030 105.196 0.048
201703 -0.028 105.196 -0.045
201706 0.020 107.109 0.031
201709 0.100 109.021 0.154
201712 -1.460 109.404 -2.233
201803 0.820 109.786 1.250
201806 0.020 111.317 0.030
201809 -8.090 115.142 -11.759
201812 0.380 115.142 0.552
201903 7.020 118.202 9.939
201906 0.040 120.880 0.055
201909 0.199 123.175 0.270
201912 -0.540 126.235 -0.716
202003 -0.810 124.705 -1.087
202006 1.140 127.000 1.502
202009 -0.650 130.118 -0.836
202012 -0.350 130.889 -0.448
202103 0.200 131.771 0.254
202106 1.520 134.084 1.897
202109 0.880 135.847 1.084
202112 -2.190 138.161 -2.653
202203 0.240 138.822 0.289
202206 1.190 142.347 1.399
202209 0.200 144.661 0.231
202212 -0.060 145.763 -0.069
202303 -1.210 146.865 -1.379
202306 -0.170 150.280 -0.189
202309 0.190 151.492 0.210
202312 1.080 152.924 1.182
202403 0.587 153.035 0.642
202406 -0.435 155.789 -0.467
202409 0.520 157.882 0.551
202412 -0.557 158.323 -0.589
202503 0.070 157.552 0.074
202506 -0.258 159.755 -0.270
202509 -1.440 162.289 -1.485
202512 2.050 163.281 2.101
202603 3.266 164.272 3.327
202606 0.085 167.357 0.085

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 ₹0.30 mean?
Goenka Business & Finance (BOM:538787) has a E10 of ₹0.30 as of Jun. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Goenka Business & Finance and its competitors.
Is Goenka Business & Finance's E10 too high?
Goenka Business & Finance's current E10 is ₹0.30. Overall, Goenka Business & Finance has a GF Score™ of 68/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Goenka Business & Finance's E10 compare to MS and GS?
Goenka Business & Finance's E10 of ₹0.30 can be compared against companies in the Capital Markets 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 Capital Markets company?
A good E10 depends on the Capital Markets 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 Goenka Business & Finance and its competitors. Goenka Business & Finance's current E10 is ₹0.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Goenka Business & Finance stock overvalued right now?
Based on GuruFocus' analysis, Goenka Business & Finance (BOM:538787) is currently considered Possible Value Trap. The stock's GF Value™ is ₹17.99, compared to a current price of ₹9.54 — trading 47% below its estimated fair value. The current E10 is ₹0.30. Goenka Business & Finance's overall GF Score™ is 68/100 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 Goenka Business & Finance (BOM:538787), the current E10 is ₹0.30 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 Goenka Business & Finance (BOM:538787) Overvalued in 2026?

Based on GuruFocus' analysis, Goenka Business & Finance stock appears to be undervalued. The current stock price of ₹9.54 is trading 47% below its estimated GF Value™ of ₹17.99. GuruFocus considers Goenka Business & Finance to be Possible Value Trap.

Key valuation signals for BOM:538787:

  • E10: ₹0.30
  • GF Value™: ₹17.99 vs. price of ₹9.54 (47% below fair value)
  • GF Score™: 68/100 with 3 warning signs

No single metric tells the full story. See the BOM:538787 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Goenka Business & Finance Business Description

Address Premchand Nagar Road, Jodhpur Char Rasta, 3rd Floor, 3E Rajyash Uniza Corporate Office, Opposite Krishna Complex Satellite, Above Starbucks, Ahmedabad, GJ, IND, 380015
Goenka Business & Finance Ltd is a Non-Banking Financial Company (NBFC), engaged in the business of lending. It also accepts loans and advances and offers a variety of financial services to its customers. The company is also involved in derivatives. It operates in a single segment of investment in securities and extending financial loan services. The company generates the majority of its revenue through the sale of shares, and the rest in the form of dividend income, interest income, etc.
68GF Score

Get the complete analysis for BOM:538787

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

₹9.54
Price
₹17.99
GF Value