UPL (BOM:890209) E10: ₹0.00 (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
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:890209 UPL Ltd BOM:890209
74 GF Score
Price ₹516.50
GF Value ₹541.59
! 6 Warning Signs
View Full Analysis

What is UPL E10?

UPL BOM:890209 74 E10 is ₹0.00 as of Jun. 2026. GuruFocus rates BOM:890209 with a GF Score™ of 74/100 and a GF Value™ of ₹541.59. The stock has 6 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.

UPL's adjusted earnings per share data for the three months ended in Jun. 2026 was ₹0.120. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₹0.00 for the trailing ten years ended in Jun. 2026.

During the past 12 months, UPL's average E10 Growth Rate was 5.50% per year. During the past 3 years, the average E10 Growth Rate was -2.60% per year. During the past 5 years, the average E10 Growth Rate was 2.60% 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.

During the past 13 years, the highest 3-Year average E10 Growth Rate of UPL was 13.70% per year. The lowest was -2.60% per year. And the median was 3.15% per year.

As of today (2026-08-05), UPL's current stock price is ₹516.50. UPL's E10 for the quarter that ended in Jun. 2026 was ₹0.00. UPL's Shiller PE Ratio of today is .

During the past 13 years, the highest Shiller PE Ratio of UPL was 33.70. The lowest was 13.51. And the median was 22.57.


UPL  (BOM:890209) 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.

During the past 13 years, the highest Shiller P/E Ratio of UPL was 33.70. The lowest was 13.51. And the median was 22.57.


Be Aware

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


UPL E10 Related Terms


UPL E10 Historical Data

* Premium members only.

The historical data trend for UPL'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.

UPL E10 Chart

UPL 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 18.62 26.17

UPL 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 17.44 21.77 18.01 26.17 0.00

BOM:890209 vs CTVA, CF, MOS: E10 Comparison

For the Agricultural Inputs subindustry, UPL'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.


UPL Shiller PE Ratio vs Agriculture Industry

For the Agriculture industry and Basic Materials sector, UPL's Shiller PE Ratio distribution charts can be found below:

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


BOM:890209
74GF Score
UPL Ltd BOM:890209
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

UPL 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, UPL'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)
=0.12/166.1454*166.1454
=0.120

Current CPI (Jun. 2026) = 166.1454.

UPL Quarterly Data

per share eps CPI Adj_EPS
201609 2.091 105.961 3.279
201612 5.743 105.196 9.070
201703 9.305 105.196 14.696
201706 5.986 107.109 9.285
201709 2.967 109.021 4.522
201712 7.226 109.404 10.974
201803 9.254 109.786 14.005
201806 6.403 111.317 9.557
201809 3.386 115.142 4.886
201812 5.794 115.142 8.361
201903 3.137 118.202 4.409
201906 3.588 120.880 4.932
201909 2.082 123.175 2.808
201912 8.787 126.235 11.565
202003 7.751 124.705 10.327
202006 6.907 127.000 9.036
202009 5.823 130.118 7.435
202012 9.957 130.889 12.639
202103 12.230 131.771 15.420
202106 7.751 134.084 9.604
202109 7.952 135.847 9.726
202112 10.993 138.161 13.220
202203 17.305 138.822 20.711
202206 10.321 142.347 12.046
202209 10.389 144.661 11.932
202212 12.969 145.763 14.783
202303 10.245 146.865 11.590
202306 1.276 150.280 1.411
202309 -2.436 151.492 -2.672
202312 -16.910 152.924 -18.372
202403 0.660 153.035 0.717
202406 -5.900 155.789 -6.292
202409 -5.680 157.882 -5.977
202412 9.700 158.323 10.179
202503 11.150 157.552 11.758
202506 -1.940 159.755 -2.018
202509 6.750 162.289 6.910
202512 4.690 163.281 4.772
202603 12.570 164.272 12.713
202606 0.120 166.145 0.120

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 ₹0.00 mean?
UPL (BOM:890209) has a E10 of ₹0.00 as of Jun. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on UPL and its competitors.
Is UPL's E10 too high?
UPL's current E10 is ₹0.00. Overall, UPL has a GF Score™ of 74/100, reflecting its overall financial health beyond just this single metric.
How does UPL's E10 compare to CTVA and CF?
UPL's E10 of ₹0.00 can be compared against companies in the Agriculture 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 Agriculture company?
A good E10 depends on the Agriculture 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 UPL and its competitors. UPL's current E10 is ₹0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is UPL stock overvalued right now?
UPL (BOM:890209) has a current E10 of ₹0.00. The stock's GF Value™ is ₹541.59, compared to a current price of ₹516.50 — trading 4.6% below its estimated fair value. The current E10 is ₹0.00. UPL's overall GF Score™ is 74/100 with 6 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 UPL (BOM:890209), the current E10 is ₹0.00 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 UPL (BOM:890209) Overvalued in 2026?

Based on GuruFocus' analysis, UPL stock appears to be undervalued. The current stock price of ₹516.50 is trading 4.6% below its estimated GF Value™ of ₹541.59.

Key valuation signals for BOM:890209:

  • E10: ₹0.00
  • GF Value™: ₹541.59 vs. price of ₹516.50 (4.6% below fair value)
  • GF Score™: 74/100 with 6 warning signs

No single metric tells the full story. See the BOM:890209 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


UPL Business Description

Address C. D. Marg, 11th Road, Uniphos House, Madhu Park, Khar (West), Mumbai, MH, IND, 400 051
UPL Ltd is principally engaged in the business of manufacturing and sale of crop protection products. The firm's crop protection portfolio includes fungicides, herbicides, insecticides, plant growth regulators, rodenticides, and specialty crop chemicals. The firm's seed products consist of nutri-feeds, seeds, and seed treatment products. UPL competes on price with the manufacture and sale of generic products. The company generates its revenue globally, with sales in various countries, and derives a majority share of its revenue from its business outside India. The firm sells its products through a distribution network in each region.
74GF Score

Get the complete analysis for BOM:890209

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

₹516.50
Price
₹541.59
GF Value