DCW (NSE:DCW) E10: ₹1.36 (As of Mar. 2026)


NSE:DCW DCW Ltd NSE:DCW
66 GF Score
Price ₹48.19
GF Value ₹65.72
Valuation Modestly Undervalued
! 4 Warning Signs
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What is DCW E10?

DCW NSE:DCW -2.86% 66 E10 is ₹1.36 as of Mar. 2026. GuruFocus rates NSE:DCW with a GF Score™ of 66/100 and a GF Value™ of ₹65.72 (Modestly Undervalued). The stock has 4 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.

DCW's adjusted earnings per share data for the three months ended in Mar. 2026 was ₹0.610. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₹1.36 for the trailing ten years ended in Mar. 2026.

During the past 12 months, DCW's average E10 Growth Rate was 1.50% per year. During the past 3 years, the average E10 Growth Rate was -16.10% 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 DCW was -7.40% per year. The lowest was -16.10% per year. And the median was -11.75% per year.

As of today (2026-06-29), DCW's current stock price is ₹48.19. DCW's E10 for the quarter that ended in Mar. 2026 was ₹1.36. DCW's Shiller PE Ratio of today is 35.43.

During the past 13 years, the highest Shiller PE Ratio of DCW was 75.99. The lowest was 18.10. And the median was 33.70.


DCW  (NSE:DCW) 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.

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

Shiller PE Ratio=Share Price/E10
=48.19/1.36
=35.43

* 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 DCW was 75.99. The lowest was 18.10. And the median was 33.70.


Be Aware

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


DCW E10 Related Terms


DCW E10 Historical Data

* Premium members only.

The historical data trend for DCW'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.

DCW E10 Chart

DCW 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 1.69 2.29 1.52 1.34 1.36

DCW 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 1.34 1.34 1.37 1.33 1.36

NSE:DCW vs DOW: E10 Comparison

For the Chemicals subindustry, DCW'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.


DCW Shiller PE Ratio vs Chemicals Industry

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

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


NSE:DCW
66GF Score
DCW Ltd NSE:DCW
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

DCW 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, DCW'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)
=0.61/164.2724*164.2724
=0.610

Current CPI (Mar. 2026) = 164.2724.

DCW Quarterly Data

per share eps CPI Adj_EPS
201606 0.050 105.961 0.078
201609 0.410 105.961 0.636
201612 0.240 105.196 0.375
201703 0.230 105.196 0.359
201706 -0.818 107.109 -1.255
201709 -0.400 109.021 -0.603
201712 -0.034 109.404 -0.051
201803 0.260 109.786 0.389
201806 -0.450 111.317 -0.664
201809 -0.050 115.142 -0.071
201812 -0.410 115.142 -0.585
201903 0.717 118.202 0.996
201906 0.070 120.880 0.095
201909 0.080 123.175 0.107
201912 -0.160 126.235 -0.208
202003 -1.090 124.705 -1.436
202006 -0.380 127.000 -0.492
202009 0.040 130.118 0.050
202012 0.240 130.889 0.301
202103 0.250 131.771 0.312
202106 0.510 134.084 0.625
202109 0.710 135.847 0.859
202112 0.940 138.161 1.118
202203 1.630 138.822 1.929
202206 2.060 142.347 2.377
202209 1.680 144.661 1.908
202212 1.630 145.763 1.837
202303 1.190 146.865 1.331
202306 0.340 150.280 0.372
202309 0.090 151.492 0.098
202312 -0.420 152.924 -0.451
202403 0.520 153.035 0.558
202406 0.230 155.789 0.243
202409 -0.040 157.882 -0.042
202412 0.450 158.323 0.467
202503 0.380 157.552 0.396
202506 0.390 159.755 0.401
202509 0.470 162.289 0.476
202512 0.170 163.281 0.171
202603 0.610 164.272 0.610

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 ₹1.36 mean?
DCW (NSE:DCW) has a E10 of ₹1.36 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on DCW and its competitors.
Is DCW's E10 too high?
DCW's current E10 is ₹1.36. Overall, DCW has a GF Score™ of 66/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does DCW's E10 compare to DOW?
DCW's E10 of ₹1.36 can be compared against companies in the Chemicals 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 Chemicals company?
A good E10 depends on the Chemicals 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 DCW and its competitors. DCW's current E10 is ₹1.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is DCW stock overvalued right now?
Based on GuruFocus' analysis, DCW (NSE:DCW) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹65.72, compared to a current price of ₹48.19 — trading 26.7% below its estimated fair value. The current E10 is ₹1.36. DCW's overall GF Score™ is 66/100 with 4 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 DCW (NSE:DCW), the current E10 is ₹1.36 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 DCW (NSE:DCW) Overvalued in 2026?

Based on GuruFocus' analysis, DCW stock appears to be undervalued. The current stock price of ₹48.19 is trading 26.7% below its estimated GF Value™ of ₹65.72. GuruFocus considers DCW to be Modestly Undervalued.

Key valuation signals for NSE:DCW:

  • E10: ₹1.36
  • GF Value™: ₹65.72 vs. price of ₹48.19 (26.7% below fair value)
  • GF Score™: 66/100 with 4 warning signs

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


DCW Business Description

Other Exchanges 500117:India
Address Nirmal Building, 3rd Floor, Nariman Point, Mumbai, MH, IND, 400021
DCW Ltd operates as an integrated chemical manufacturing company. Business activity of the firm functions through Heavy chemicals, Specialty chemicals, and other chemicals segments. The company derives maximum revenue from basic chemicals segment that includes caustic soda, soda ash, PVC, and Illuminate products.
66GF Score

Get the complete analysis for NSE:DCW

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

₹48.19
Price
₹65.72
GF Value