Bharat Road Network (BOM:540700) E10: ₹-12.95 (As of Mar. 2026)


BOM:540700 Bharat Road Network Ltd BOM:540700
51 GF Score
Price ₹18.26
GF Value ₹16.56
Valuation Fairly Valued
! 3 Warning Signs
View Full Analysis

What is Bharat Road Network E10?

Bharat Road Network BOM:540700 -0.65% 51 E10 is ₹-12.95 as of Mar. 2026. GuruFocus rates BOM:540700 with a GF Score™ of 51/100 and a GF Value™ of ₹16.56 (Fairly Valued). 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.

Bharat Road Network's adjusted earnings per share data for the three months ended in Mar. 2026 was ₹-13.130. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₹-12.95 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 (2026-07-05), Bharat Road Network's current stock price is ₹18.26. Bharat Road Network's E10 for the quarter that ended in Mar. 2026 was ₹-12.95. Bharat Road Network's Shiller PE Ratio of today is .


Bharat Road Network  (BOM:540700) 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.


Bharat Road Network E10 Related Terms


Bharat Road Network E10 Historical Data

* Premium members only.

The historical data trend for Bharat Road Network'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.

Bharat Road Network E10 Chart

Bharat Road Network 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 0.00 -12.95

Bharat Road Network 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 0.00 0.00 0.00 0.00 -12.95

Bharat Road Network E10 Competitor Comparison

For the Infrastructure Operations subindustry, Bharat Road Network'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.


Bharat Road Network Shiller PE Ratio vs Construction Industry

For the Construction industry and Industrials sector, Bharat Road Network's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Bharat Road Network's Shiller PE Ratio falls into.


BOM:540700
51GF Score
Bharat Road Network Ltd BOM:540700
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Bharat Road Network 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, Bharat Road Network'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)
=-13.13/164.2724*164.2724
=-13.130

Current CPI (Mar. 2026) = 164.2724.

Bharat Road Network Quarterly Data

per share eps CPI Adj_EPS
201303 0.000 85.687 0.000
201403 0.000 91.425 0.000
201503 0.000 97.163 0.000
201603 0.000 102.518 0.000
201609 0.130 105.961 0.202
201703 0.000 105.196 0.000
201709 1.310 109.021 1.974
201803 0.000 109.786 0.000
201806 -0.355 111.317 -0.524
201809 -1.520 115.142 -2.169
201812 -0.885 115.142 -1.263
201903 -2.078 118.202 -2.888
201906 0.955 120.880 1.298
201909 0.620 123.175 0.827
201912 1.645 126.235 2.141
202003 -5.123 124.705 -6.748
202006 -5.958 127.000 -7.707
202009 -3.601 130.118 -4.546
202012 0.198 130.889 0.248
202103 -4.246 131.771 -5.293
202106 -3.980 134.084 -4.876
202109 -3.732 135.847 -4.513
202112 -1.323 138.161 -1.573
202203 -35.791 138.822 -42.353
202206 -0.409 142.347 -0.472
202209 -1.529 144.661 -1.736
202212 -15.827 145.763 -17.837
202303 -7.200 146.865 -8.053
202306 -0.860 150.280 -0.940
202309 -6.645 151.492 -7.206
202312 -1.873 152.924 -2.012
202403 -3.420 153.035 -3.671
202406 -1.300 155.789 -1.371
202409 -1.210 157.882 -1.259
202412 20.200 158.323 20.959
202503 -0.850 157.552 -0.886
202506 1.590 159.755 1.635
202509 1.440 162.289 1.458
202512 2.193 163.281 2.206
202603 -13.130 164.272 -13.130

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 ₹-12.95 mean?
Bharat Road Network (BOM:540700) has a E10 of ₹-12.95 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Bharat Road Network and its competitors.
Is Bharat Road Network's E10 too high?
Bharat Road Network's current E10 is ₹-12.95. Overall, Bharat Road Network has a GF Score™ of 51/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Bharat Road Network's E10 compare to competitors?
Bharat Road Network's E10 of ₹-12.95 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 Bharat Road Network and its competitors. Bharat Road Network's current E10 is ₹-12.95. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bharat Road Network stock overvalued right now?
Based on GuruFocus' analysis, Bharat Road Network (BOM:540700) is currently considered Fairly Valued. The stock's GF Value™ is ₹16.56, compared to a current price of ₹18.26 — trading 10.3% above its estimated fair value. The current E10 is ₹-12.95. Bharat Road Network's overall GF Score™ is 51/100 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 Bharat Road Network (BOM:540700), the current E10 is ₹-12.95 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 Bharat Road Network (BOM:540700) Overvalued in 2026?

Based on GuruFocus' analysis, Bharat Road Network stock appears to be overvalued. The current stock price of ₹18.26 is trading 10.3% above its estimated GF Value™ of ₹16.56. GuruFocus considers Bharat Road Network to be Fairly Valued.

Key valuation signals for BOM:540700:

  • E10: ₹-12.95
  • GF Value™: ₹16.56 vs. price of ₹18.26 (10.3% above fair value)
  • GF Score™: 51/100 with 3 warning signs

No single metric tells the full story. See the BOM:540700 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Bharat Road Network Business Description

Other Exchanges BRNL:India
Address Block- EP, Sector -V, Salt Lake City, Plot No. X1-2 & 3, Ground Floor, Kolkata, WB, IND, 700091
Bharat Road Network Ltd is a road BOT company in India which is focused on the development, implementation, operation and maintenance of roads and highways projects. The company is a developer and operator of highways, roads and related projects on a BOT basis. The company is involved in the development, operation and maintenance of national and state highways in several states in India with experience of managing projects in the states of Uttar Pradesh, Kerala, Haryana, Madhya Pradesh, Maharashtra and Odisha through partnerships with experienced EPC players in the local space where the project is located.
51GF Score

Get the complete analysis for BOM:540700

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

₹18.26
Price
₹16.56
GF Value