V B Industries (BOM:539123) E10: ₹-0.44 (As of Mar. 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:539123 V B Industries Ltd BOM:539123
62 GF Score
Price ₹8.62
GF Value ₹20.05
Valuation Possible Value Trap
! 5 Warning Signs
View Full Analysis

What is V B Industries E10?

V B Industries BOM:539123 +0.47% 62 E10 is ₹-0.44 as of Mar. 2026. GuruFocus rates BOM:539123 with a GF Score™ of 62/100 and a GF Value™ of ₹20.05 (Possible Value Trap). 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.

V B Industries's adjusted earnings per share data for the three months ended in Mar. 2026 was ₹-0.690. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₹-0.44 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 (2026-08-14), V B Industries's current stock price is ₹8.62. V B Industries's E10 for the quarter that ended in Mar. 2026 was ₹-0.44. V B Industries's Shiller PE Ratio of today is .


V B Industries  (BOM:539123) 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.


V B Industries E10 Related Terms


V B Industries E10 Historical Data

* Premium members only.

The historical data trend for V B 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.

V B Industries E10 Chart

V B 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 0.00 0.00 -0.36 -0.39 -0.44

V B Industries 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 -0.39 -0.46 -0.48 -0.50 -0.44

BOM:539123 vs MS, GS, SCHW: E10 Comparison

For the Capital Markets subindustry, V B 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.


V B Industries Shiller PE Ratio vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, V B Industries's Shiller PE Ratio distribution charts can be found below:

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


BOM:539123
62GF Score
V B Industries Ltd BOM:539123
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

V B 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, V B Industries'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)
=-0.69/164.2724*164.2724
=-0.690

Current CPI (Mar. 2026) = 164.2724.

V B Industries Quarterly Data

per share eps CPI Adj_EPS
201606 0.390 105.961 0.605
201609 0.580 105.961 0.899
201612 -0.370 105.196 -0.578
201703 -0.560 105.196 -0.874
201706 0.310 107.109 0.475
201709 0.100 109.021 0.151
201712 0.030 109.404 0.045
201803 -0.360 109.786 -0.539
201806 0.030 111.317 0.044
201809 0.047 115.142 0.067
201812 0.025 115.142 0.036
201903 -0.040 118.202 -0.056
201906 0.087 120.880 0.118
201909 0.103 123.175 0.137
201912 0.030 126.235 0.039
202003 -3.735 124.705 -4.920
202006 0.187 127.000 0.242
202009 0.197 130.118 0.249
202012 0.105 130.889 0.132
202103 -0.729 131.771 -0.909
202106 0.133 134.084 0.163
202109 0.149 135.847 0.180
202112 0.170 138.161 0.202
202203 -0.421 138.822 -0.498
202206 0.154 142.347 0.178
202209 0.165 144.661 0.187
202212 0.166 145.763 0.187
202303 -0.395 146.865 -0.442
202306 0.197 150.280 0.215
202309 0.232 151.492 0.252
202312 0.205 152.924 0.220
202403 -0.574 153.035 -0.616
202406 0.240 155.789 0.253
202409 0.330 157.882 0.343
202412 -0.160 158.323 -0.166
202503 -0.480 157.552 -0.500
202506 0.250 159.755 0.257
202509 0.270 162.289 0.273
202512 0.280 163.281 0.282
202603 -0.690 164.272 -0.690

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 ₹-0.44 mean?
V B Industries (BOM:539123) has a E10 of ₹-0.44 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on V B Industries and its competitors.
Is V B Industries' E10 too high?
V B Industries' current E10 is ₹-0.44. Overall, V B Industries has a GF Score™ of 62/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does V B Industries' E10 compare to MS and GS?
V B Industries' E10 of ₹-0.44 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 V B Industries and its competitors. V B Industries's current E10 is ₹-0.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is V B Industries stock overvalued right now?
Based on GuruFocus' analysis, V B Industries (BOM:539123) is currently considered Possible Value Trap. The stock's GF Value™ is ₹20.05, compared to a current price of ₹8.62 — trading 57% below its estimated fair value. The current E10 is ₹-0.44. V B Industries' overall GF Score™ is 62/100 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 V B Industries (BOM:539123), the current E10 is ₹-0.44 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 V B Industries (BOM:539123) Overvalued in 2026?

Based on GuruFocus' analysis, V B Industries stock appears to be undervalued. The current stock price of ₹8.62 is trading 57% below its estimated GF Value™ of ₹20.05. GuruFocus considers V B Industries to be Possible Value Trap.

Key valuation signals for BOM:539123:

  • E10: ₹-0.44
  • GF Value™: ₹20.05 vs. price of ₹8.62 (57% below fair value)
  • GF Score™: 62/100 with 5 warning signs

No single metric tells the full story. See the BOM:539123 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


V B Industries Business Description

Address P-27, Princep Street, 3rd Floor, Kolkata, WB, IND, 700 072
V B Industries Ltd is an India-based company involved in finance and investment activities. It is engaged in the single business of trading in shares and securities. The group operates in India and derives key revenue from the sale of equity shares.
62GF Score

Get the complete analysis for BOM:539123

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

₹8.62
Price
₹20.05
GF Value