Modern Engineering & Projects (BOM:539762) E10: ₹0.99 (As of Dec. 2025)

Author: Vera Yuan Vera Yuan
Vera Yuan
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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:539762 Modern Engineering & Projects Ltd BOM:539762
64 GF Score
Price ₹28.39
GF Value ₹31.01
Valuation Fairly Valued
! 5 Warning Signs
View Full Analysis

What is Modern Engineering & Projects E10?

Modern Engineering & Projects BOM:539762 -3.80% 64 E10 is ₹0.99 as of Dec. 2025. GuruFocus rates BOM:539762 with a GF Score™ of 64/100 and a GF Value™ of ₹31.01 (Fairly Valued). 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.

Modern Engineering & Projects's adjusted earnings per share data for the three months ended in Dec. 2025 was ₹2.180. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₹0.99 for the trailing ten years ended in Dec. 2025.

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 (2026-07-20), Modern Engineering & Projects's current stock price is ₹28.39. Modern Engineering & Projects's E10 for the quarter that ended in Dec. 2025 was ₹0.99. Modern Engineering & Projects's Shiller PE Ratio of today is 28.68.

During the past 13 years, the highest Shiller PE Ratio of Modern Engineering & Projects was 100.26. The lowest was 28.65. And the median was 46.72.


Modern Engineering & Projects  (BOM:539762) 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.

Modern Engineering & Projects's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=28.39/0.99
=28.68

* 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 Modern Engineering & Projects was 100.26. The lowest was 28.65. And the median was 46.72.


Be Aware

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


Modern Engineering & Projects E10 Related Terms


Modern Engineering & Projects E10 Historical Data

* Premium members only.

The historical data trend for Modern Engineering & Projects'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.

Modern Engineering & Projects E10 Chart

Modern Engineering & Projects Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 -1.57 -1.54 -0.81 0.38

Modern Engineering & Projects Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
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 -0.19 0.38 0.43 0.74 0.99

BOM:539762 vs PWR, FIX, EME: E10 Comparison

For the Engineering & Construction subindustry, Modern Engineering & Projects'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.


Modern Engineering & Projects Shiller PE Ratio vs Construction Industry

For the Construction industry and Industrials sector, Modern Engineering & Projects's Shiller PE Ratio distribution charts can be found below:

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


BOM:539762
64GF Score
Modern Engineering & Projects Ltd BOM:539762
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Modern Engineering & Projects 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, Modern Engineering & Projects's adjusted earnings per share data for the three months ended in Dec. 2025 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=2.18/163.2808*163.2808
=2.180

Current CPI (Dec. 2025) = 163.2808.

Modern Engineering & Projects Quarterly Data

per share eps CPI Adj_EPS
201603 0.156 102.518 0.248
201606 -1.426 105.961 -2.197
201609 0.693 105.961 1.068
201612 0.965 105.196 1.498
201703 -0.133 105.196 -0.206
201706 0.367 107.109 0.559
201709 -0.293 109.021 -0.439
201712 0.330 109.404 0.493
201803 -0.641 109.786 -0.953
201806 -0.041 111.317 -0.060
201809 -0.004 115.142 -0.006
201812 0.001 115.142 0.001
201903 -0.137 118.202 -0.189
201906 -0.004 120.880 -0.005
201909 -0.085 123.175 -0.113
201912 -0.019 126.235 -0.025
202003 -0.074 124.705 -0.097
202006 -0.004 127.000 -0.005
202009 -0.004 130.118 -0.005
202012 -0.004 130.889 -0.005
202103 -0.050 131.771 -0.062
202106 -0.004 134.084 -0.005
202109 -0.144 135.847 -0.173
202112 -0.767 138.161 -0.906
202203 -1.004 138.822 -1.181
202206 0.107 142.347 0.123
202209 -0.119 144.661 -0.134
202212 -1.059 145.763 -1.186
202303 -1.052 146.865 -1.170
202306 1.541 150.280 1.674
202309 2.330 151.492 2.511
202312 0.040 152.924 0.043
202403 1.953 153.035 2.084
202406 3.580 155.789 3.752
202409 1.290 157.882 1.334
202412 -7.700 158.323 -7.941
202503 6.061 157.552 6.281
202506 1.170 159.755 1.196
202509 1.900 162.289 1.912
202512 2.180 163.281 2.180

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 ₹0.99 mean?
Modern Engineering & Projects (BOM:539762) has a E10 of ₹0.99 as of Dec. 2025. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Modern Engineering & Projects and its competitors.
Is Modern Engineering & Projects' E10 too high?
Modern Engineering & Projects' current E10 is ₹0.99. Overall, Modern Engineering & Projects has a GF Score™ of 64/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Modern Engineering & Projects' E10 compare to PWR and FIX?
Modern Engineering & Projects' E10 of ₹0.99 can be compared against companies in the Construction 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 Construction company?
A good E10 depends on the Construction 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 Modern Engineering & Projects and its competitors. Modern Engineering & Projects's current E10 is ₹0.99. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Modern Engineering & Projects stock overvalued right now?
Based on GuruFocus' analysis, Modern Engineering & Projects (BOM:539762) is currently considered Fairly Valued. The stock's GF Value™ is ₹31.01, compared to a current price of ₹28.39 — trading 8.4% below its estimated fair value. The current E10 is ₹0.99. Modern Engineering & Projects' overall GF Score™ is 64/100 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 Modern Engineering & Projects (BOM:539762), the current E10 is ₹0.99 as of Dec. 2025. 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 Modern Engineering & Projects (BOM:539762) Overvalued in 2026?

Based on GuruFocus' analysis, Modern Engineering & Projects stock appears to be undervalued. The current stock price of ₹28.39 is trading 8.4% below its estimated GF Value™ of ₹31.01. GuruFocus considers Modern Engineering & Projects to be Fairly Valued.

Key valuation signals for BOM:539762:

  • E10: ₹0.99
  • GF Value™: ₹31.01 vs. price of ₹28.39 (8.4% below fair value)
  • GF Score™: 64/100 with 5 warning signs

No single metric tells the full story. See the BOM:539762 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Modern Engineering & Projects Business Description

Address Free Press Journal Marg, 103/4, Plot-215, Free Press House, FL-10, Nariman Point, Mumbai, MH, IND, 400021
Modern Engineering & Projects Ltd specializes in executing infrastructure projects, including transportation engineering and civil construction. The company undertakes contract-based projects that span road development, highway expansion, and related civil works in India. It operates in the single segment of Infrastructure and construction. Its revenue is generated from engineering, procurement and construction contracts (EPC).
64GF Score

Get the complete analysis for BOM:539762

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

₹28.39
Price
₹31.01
GF Value