Coforge (NSE:COFORGE) E10: ₹24.61 (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.
Reviewed by: Charlie Tian Charlie Tian
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.

NSE:COFORGE Coforge Ltd NSE:COFORGE
97 GF Score
Price ₹1,772.80
GF Value ₹2,136.68
Valuation Modestly Undervalued
! 2 Warning Signs
View Full Analysis

What is Coforge E10?

Coforge NSE:COFORGE -0.24% 97 E10 is ₹24.61 as of Jun. 2026. GuruFocus rates NSE:COFORGE with a GF Score™ of 97/100 and a GF Value™ of ₹2,136.68 (Modestly 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.

Coforge's adjusted earnings per share data for the three months ended in Jun. 2026 was ₹12.280. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₹24.61 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Coforge's average E10 Growth Rate was 22.20% per year. During the past 3 years, the average E10 Growth Rate was 15.90% per year. During the past 5 years, the average E10 Growth Rate was 14.40% 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 Coforge was 15.90% per year. The lowest was 12.00% per year. And the median was 13.35% per year.

As of today (2026-08-07), Coforge's current stock price is ₹1772.80. Coforge's E10 for the quarter that ended in Jun. 2026 was ₹24.61. Coforge's Shiller PE Ratio of today is 72.04.

During the past 13 years, the highest Shiller PE Ratio of Coforge was 104.88. The lowest was 19.48. And the median was 63.59.


Coforge  (NSE:COFORGE) 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.

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

Shiller PE Ratio=Share Price/E10
=1772.80/24.61
=72.04

* 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 Coforge was 104.88. The lowest was 19.48. And the median was 63.59.


Be Aware

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


Coforge E10 Related Terms


Coforge E10 Historical Data

* Premium members only.

The historical data trend for Coforge'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.

Coforge E10 Chart

Coforge 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 13.21 14.95 16.93 19.25 23.28

Coforge 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 20.14 21.24 21.76 23.28 24.61

NSE:COFORGE vs IBM, ACN, FISV: E10 Comparison

For the Information Technology Services subindustry, Coforge'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.


Coforge Shiller PE Ratio vs Software Industry

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

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


NSE:COFORGE
97GF Score
Coforge Ltd NSE:COFORGE
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Coforge 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, Coforge'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)
=12.28/166.1454*166.1454
=12.280

Current CPI (Jun. 2026) = 166.1454.

Coforge Quarterly Data

per share eps CPI Adj_EPS
201609 1.916 105.961 3.004
201612 2.032 105.196 3.209
201703 3.264 105.196 5.155
201706 1.666 107.109 2.584
201709 2.180 109.021 3.322
201712 2.446 109.404 3.715
201803 2.778 109.786 4.204
201806 2.760 111.317 4.119
201809 3.588 115.142 5.177
201812 3.218 115.142 4.643
201903 3.382 118.202 4.754
201906 2.810 120.880 3.862
201909 3.824 123.175 5.158
201912 3.938 126.235 5.183
202003 3.624 124.705 4.828
202006 2.542 127.000 3.326
202009 3.922 130.118 5.008
202012 3.954 130.889 5.019
202103 4.284 131.771 5.402
202106 3.988 134.084 4.942
202109 4.730 135.847 5.785
202112 5.916 138.161 7.114
202203 6.670 138.822 7.983
202206 4.828 142.347 5.635
202209 6.482 144.661 7.445
202212 7.338 145.763 8.364
202303 3.672 146.865 4.154
202306 5.308 150.280 5.868
202309 5.796 151.492 6.357
202312 7.612 152.924 8.270
202403 7.228 153.035 7.847
202406 4.160 155.789 4.437
202409 6.030 157.882 6.346
202412 6.390 158.323 6.706
202503 7.730 157.552 8.152
202506 9.380 159.755 9.755
202509 11.070 162.289 11.333
202512 7.380 163.281 7.509
202603 18.100 164.272 18.306
202606 12.280 166.145 12.280

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 ₹24.61 mean?
Coforge (NSE:COFORGE) has a E10 of ₹24.61 as of Jun. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Coforge and its competitors.
Is Coforge's E10 too high?
Coforge's current E10 is ₹24.61. Overall, Coforge has a GF Score™ of 97/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Coforge's E10 compare to IBM and ACN?
Coforge's E10 of ₹24.61 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 Coforge and its competitors. Coforge's current E10 is ₹24.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Coforge stock overvalued right now?
Based on GuruFocus' analysis, Coforge (NSE:COFORGE) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹2,136.68, compared to a current price of ₹1,772.80 — trading 17% below its estimated fair value. The current E10 is ₹24.61. Coforge's overall GF Score™ is 97/100 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 Coforge (NSE:COFORGE), the current E10 is ₹24.61 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 Coforge (NSE:COFORGE) Overvalued in 2026?

Based on GuruFocus' analysis, Coforge stock appears to be undervalued. The current stock price of ₹1,772.80 is trading 17% below its estimated GF Value™ of ₹2,136.68. GuruFocus considers Coforge to be Modestly Undervalued.

Key valuation signals for NSE:COFORGE:

  • E10: ₹24.61
  • GF Value™: ₹2,136.68 vs. price of ₹1,772.80 (17% below fair value)
  • GF Score™: 97/100 with 2 warning signs

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


Coforge Business Description

Other Exchanges 532541:India
Address Special Economic Zone, Plot No. TZ-2& 2A, Sector- Tech Zone, Greater Noida, UP, IND, 201308
Coforge Ltd provides a variety of information technology services. The firm's services include infrastructure management, business processes outsourcing, application and network testing, systems integration, IP asset-based solutions, application development and maintenance, managed services, cloud computing, and digital services, among others. The company's customers typically operate in the travel and transportation, banking and financial services, insurance, manufacturing, and media industries. The geographical segments of the company include the Americas, India, Europe, Middle East and Africa, and Asia Pacific. It generates maximum revenue from the Americas.
97GF Score

Get the complete analysis for NSE:COFORGE

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

₹1,772.80
Price
₹2,136.68
GF Value