Infosys (BUE:INFY) E10: ARS949.81 (As of Mar. 2026)


BUE:INFY Infosys Ltd BUE:INFY
85 GF Score
Price ARS18,260.00
GF Value ARS29,600.00
Valuation Significantly Undervalued
! 2 Warning Signs
View Full Analysis

What is Infosys E10?

Infosys BUE:INFY +4.28% 85 E10 is ARS949.81 as of Mar. 2026. GuruFocus rates BUE:INFY with a GF Score™ of 85/100 and a GF Value™ of ARS29,600.00 (Significantly Undervalued). The stock has 2 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.

Infosys's adjusted earnings per share data for the three months ended in Mar. 2026 was ARS1,286.385. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ARS949.81 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Infosys's average E10 Growth Rate was 8.70% per year. During the past 3 years, the average E10 Growth Rate was 8.30% per year. During the past 5 years, the average E10 Growth Rate was 9.10% per year. During the past 10 years, the average E10 Growth Rate was 9.70% 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 Infosys was 27.70% per year. The lowest was 8.30% per year. And the median was 10.40% per year.

As of today (2026-07-06), Infosys's current stock price is ARS18260.00. Infosys's E10 for the quarter that ended in Mar. 2026 was ARS949.81. Infosys's Shiller PE Ratio of today is 19.22.

During the past 13 years, the highest Shiller PE Ratio of Infosys was 46.18. The lowest was 16.43. And the median was 26.78.


Infosys  (BUE:INFY) 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.

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

Shiller PE Ratio=Share Price/E10
=18260.00/949.81
=19.22

* 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 Infosys was 46.18. The lowest was 16.43. And the median was 26.78.


Be Aware

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


Infosys E10 Related Terms


Infosys E10 Historical Data

* Premium members only.

The historical data trend for Infosys'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.

Infosys E10 Chart

Infosys 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 106.40 232.90 663.21 839.35 949.81

Infosys 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 839.35 786.62 997.68 999.55 949.81

BUE:INFY vs IBM, ACN, FISV: E10 Comparison

For the Information Technology Services subindustry, Infosys'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.


Infosys Shiller PE Ratio vs Software Industry

For the Software industry and Technology sector, Infosys's Shiller PE Ratio distribution charts can be found below:

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


BUE:INFY
85GF Score
Infosys Ltd BUE:INFY
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Infosys 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, Infosys'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)
=1286.385/164.2724*164.2724
=1,286.385

Current CPI (Mar. 2026) = 164.2724.

Infosys Quarterly Data

per share eps CPI Adj_EPS
201606 6.151 105.961 9.536
201609 7.160 105.961 11.100
201612 7.609 105.196 11.882
201703 7.400 105.196 11.556
201706 7.914 107.109 12.138
201709 9.112 109.021 13.730
201712 12.985 109.404 19.497
201803 10.477 109.786 15.677
201806 11.971 111.317 17.666
201809 19.135 115.142 27.300
201812 18.098 115.142 25.820
201903 20.327 118.202 28.250
201906 23.233 120.880 31.573
201909 29.082 123.175 38.785
201912 35.864 126.235 46.671
202003 34.759 124.705 45.788
202006 35.599 127.000 46.047
202009 44.544 130.118 56.236
202012 55.338 130.889 69.452
202103 57.651 131.771 71.871
202106 64.416 134.084 78.919
202109 66.490 135.847 80.403
202112 72.713 138.161 86.455
202203 77.308 138.822 91.481
202206 77.011 142.347 88.873
202209 100.044 144.661 113.607
202212 127.414 145.763 143.594
202303 142.236 146.865 159.095
202306 163.200 150.280 178.395
202309 251.964 151.492 273.221
202312 259.920 152.924 279.208
202403 775.100 153.035 832.019
202406 644.760 155.789 679.870
202409 722.380 157.882 751.618
202412 767.600 158.323 796.445
202503 852.830 157.552 889.209
202506 902.297 159.755 927.810
202509 1,086.410 162.289 1,099.686
202512 1,045.072 163.281 1,051.419
202603 1,286.385 164.272 1,286.385

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 ARS949.81 mean?
Infosys (BUE:INFY) has a E10 of ARS949.81 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Infosys and its competitors.
Is Infosys' E10 too high?
Infosys' current E10 is ARS949.81. Overall, Infosys has a GF Score™ of 85/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Infosys' E10 compare to IBM and ACN?
Infosys' E10 of ARS949.81 can be compared against companies in the Software 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 Software company?
A good E10 depends on the Software 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 Infosys and its competitors. Infosys's current E10 is ARS949.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Infosys stock overvalued right now?
Based on GuruFocus' analysis, Infosys (BUE:INFY) is currently considered Significantly Undervalued. The stock's GF Value™ is ARS29,600.00, compared to a current price of ARS18,260.00 — trading 38.3% below its estimated fair value. The current E10 is ARS949.81. Infosys' overall GF Score™ is 85/100 with 2 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 Infosys (BUE:INFY), the current E10 is ARS949.81 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 Infosys (BUE:INFY) Overvalued in 2026?

Based on GuruFocus' analysis, Infosys stock appears to be undervalued. The current stock price of ARS18,260.00 is trading 38.3% below its estimated GF Value™ of ARS29,600.00. GuruFocus considers Infosys to be Significantly Undervalued.

Key valuation signals for BUE:INFY:

  • E10: ARS949.81
  • GF Value™: ARS29,600.00 vs. price of ARS18,260.00 (38.3% below fair value)
  • GF Score™: 85/100 with 2 warning signs

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


Infosys Business Description

Address Hosur Road, Electronics City, Bengaluru, KA, IND, 560 100
Infosys is an IT services provider based in Bengaluru, India, with offices in more than 50 countries. The company leverages its offshore outsourcing model to serve clients across different industries, such as financial services and manufacturing. Infosys' IT services offerings include consulting, digital transformation, and business process outsourcing.
85GF Score

Get the complete analysis for BUE:INFY

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

ARS18,260.00
Price
ARS29,600.00
GF Value