GTV Engineering (BOM:539479) E10: ₹0.89 (As of Mar. 2026)

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Director of Data and Quant Analytics at GuruFocus
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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:539479 GTV Engineering Ltd BOM:539479
73 GF Score
Price ₹68.27
GF Value ₹35.30
Valuation Significantly Overvalued
! 4 Warning Signs
View Full Analysis

What is GTV Engineering E10?

GTV Engineering BOM:539479 +1.14% 73 E10 is ₹0.89 as of Mar. 2026. GuruFocus rates BOM:539479 with a GF Score™ of 73/100 and a GF Value™ of ₹35.30 (Significantly Overvalued). The stock has 4 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.

GTV Engineering's adjusted earnings per share data for the three months ended in Mar. 2026 was ₹0.660. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₹0.89 for the trailing ten years ended in Mar. 2026.

During the past 12 months, GTV Engineering's average E10 Growth Rate was 56.10% 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 (2026-08-04), GTV Engineering's current stock price is ₹68.27. GTV Engineering's E10 for the quarter that ended in Mar. 2026 was ₹0.89. GTV Engineering's Shiller PE Ratio of today is 76.71.

During the past 12 years, the highest Shiller PE Ratio of GTV Engineering was 149.05. The lowest was 59.64. And the median was 86.08.


GTV Engineering  (BOM:539479) 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.

GTV Engineering's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=68.27/0.89
=76.71

* 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 GTV Engineering was 149.05. The lowest was 59.64. And the median was 86.08.


Be Aware

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


GTV Engineering E10 Related Terms


GTV Engineering E10 Historical Data

* Premium members only.

The historical data trend for GTV Engineering'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.

GTV Engineering E10 Chart

GTV Engineering 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 0.57 0.89

GTV Engineering 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 0.57 0.62 0.70 0.82 0.89

BOM:539479 vs CRS, ATI, MLI: E10 Comparison

For the Metal Fabrication subindustry, GTV Engineering'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.


GTV Engineering Shiller PE Ratio vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, GTV Engineering's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where GTV Engineering's Shiller PE Ratio falls into.


BOM:539479
73GF Score
GTV Engineering Ltd BOM:539479
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

GTV Engineering 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, GTV Engineering'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)
=0.66/164.2724*164.2724
=0.660

Current CPI (Mar. 2026) = 164.2724.

GTV Engineering Quarterly Data

per share eps CPI Adj_EPS
201606 0.005 105.961 0.008
201609 0.024 105.961 0.037
201612 0.014 105.196 0.022
201703 0.040 105.196 0.062
201706 0.011 107.109 0.017
201709 0.004 109.021 0.006
201712 0.023 109.404 0.035
201803 0.085 109.786 0.127
201806 0.012 111.317 0.018
201809 0.009 115.142 0.013
201812 0.051 115.142 0.073
201903 0.107 118.202 0.149
201906 0.023 120.880 0.031
201909 0.026 123.175 0.035
201912 0.047 126.235 0.061
202003 0.077 124.705 0.101
202006 0.011 127.000 0.014
202009 0.022 130.118 0.028
202012 0.076 130.889 0.095
202103 0.013 131.771 0.016
202106 0.024 134.084 0.029
202109 0.057 135.847 0.069
202112 0.060 138.161 0.071
202203 0.055 138.822 0.065
202206 0.032 142.347 0.037
202209 0.069 144.661 0.078
202212 0.067 145.763 0.076
202303 0.699 146.865 0.782
202306 0.095 150.280 0.104
202309 0.201 151.492 0.218
202312 0.362 152.924 0.389
202403 0.476 153.035 0.511
202406 0.292 155.789 0.308
202409 0.250 157.882 0.260
202412 0.900 158.323 0.934
202503 0.920 157.552 0.959
202506 0.445 159.755 0.458
202509 0.750 162.289 0.759
202512 1.180 163.281 1.187
202603 0.660 164.272 0.660

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 ₹0.89 mean?
GTV Engineering (BOM:539479) has a E10 of ₹0.89 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on GTV Engineering and its competitors.
Is GTV Engineering's E10 too high?
GTV Engineering's current E10 is ₹0.89. Overall, GTV Engineering has a GF Score™ of 73/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does GTV Engineering's E10 compare to CRS and ATI?
GTV Engineering's E10 of ₹0.89 can be compared against companies in the Industrial Products 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 an Industrial Products company?
A good E10 depends on the Industrial Products 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 GTV Engineering and its competitors. GTV Engineering's current E10 is ₹0.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is GTV Engineering stock overvalued right now?
Based on GuruFocus' analysis, GTV Engineering (BOM:539479) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹35.30, compared to a current price of ₹68.27 — trading 93.4% above its estimated fair value. The current E10 is ₹0.89. GTV Engineering's overall GF Score™ is 73/100 with 4 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 GTV Engineering (BOM:539479), the current E10 is ₹0.89 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 GTV Engineering (BOM:539479) Overvalued in 2026?

Based on GuruFocus' analysis, GTV Engineering stock appears to be overvalued. The current stock price of ₹68.27 is trading 93.4% above its estimated GF Value™ of ₹35.30. GuruFocus considers GTV Engineering to be Significantly Overvalued.

Key valuation signals for BOM:539479:

  • E10: ₹0.89
  • GF Value™: ₹35.30 vs. price of ₹68.27 (93.4% above fair value)
  • GF Score™: 73/100 with 4 warning signs

No single metric tells the full story. See the BOM:539479 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


GTV Engineering Business Description

Address New Industrial Area-II, Plot Number 216-217-218, Mandideep, District Raisen, Bhopal, MP, IND, 462046
GTV Engineering Ltd is mainly engaged in steel fabrication. Its product offerings include penstokes, distributor pipes, stator frames, boiler stacks, ball mills, coal bins, stove shells, gas coolers, anchor plates, grit cones, fan blades, etc. The company caters to the heavy engineering needs of its clients across various sectors such as steel, hydro, thermal, cement, mining and minerals, etc. Its primary business segments are: Hi-Tech Fabrication Engineering, Flour Division, and Agro Product Trading. The majority of its revenue is generated from the Hi-Tech Fabrication segment.
73GF Score

Get the complete analysis for BOM:539479

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

₹68.27
Price
₹35.30
GF Value