Den Networks (NSE:DEN) E10: ₹-0.38 (As of Mar. 2026)


NSE:DEN Den Networks Ltd NSE:DEN
66 GF Score
Price ₹31.24
GF Value ₹37.19
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Den Networks E10?

Den Networks NSE:DEN -4.00% 66 E10 is ₹-0.38 as of Mar. 2026. GuruFocus rates NSE:DEN with a GF Score™ of 66/100 and a GF Value™ of ₹37.19 (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.

Den Networks's adjusted earnings per share data for the three months ended in Mar. 2026 was ₹0.810. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₹-0.38 for the trailing ten years ended in Mar. 2026.

During the past 3 years, the average E10 Growth Rate was 57.30% per year. During the past 5 years, the average E10 Growth Rate was 31.10% 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 Den Networks was 57.30% per year. The lowest was -3.40% per year. And the median was 7.10% per year.

As of today (2026-06-28), Den Networks's current stock price is ₹31.24. Den Networks's E10 for the quarter that ended in Mar. 2026 was ₹-0.38. Den Networks's Shiller PE Ratio of today is .


Den Networks  (NSE:DEN) 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.


Den Networks E10 Related Terms


Den Networks E10 Historical Data

* Premium members only.

The historical data trend for Den Networks'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.

Den Networks E10 Chart

Den Networks 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 -4.31 -4.87 -5.05 -3.46 -0.38

Den Networks 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 -3.46 -2.97 -2.07 -1.22 -0.38

NSE:DEN vs NFLX, DIS, WBD: E10 Comparison

For the Entertainment subindustry, Den Networks'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.


Den Networks Shiller PE Ratio vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Den Networks's Shiller PE Ratio distribution charts can be found below:

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


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

Den Networks 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, Den Networks'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)
=0.81/164.2724*164.2724
=0.810

Current CPI (Mar. 2026) = 164.2724.

Den Networks Quarterly Data

per share eps CPI Adj_EPS
201606 -2.926 105.961 -4.536
201609 -2.660 105.961 -4.124
201612 -2.340 105.196 -3.654
201703 -3.360 105.196 -5.247
201706 -0.800 107.109 -1.227
201709 -0.250 109.021 -0.377
201712 -0.160 109.404 -0.240
201803 -0.560 109.786 -0.838
201806 -1.570 111.317 -2.317
201809 -1.440 115.142 -2.054
201812 -1.660 115.142 -2.368
201903 -5.030 118.202 -6.990
201906 0.240 120.880 0.326
201909 0.300 123.175 0.400
201912 0.410 126.235 0.534
202003 0.520 124.705 0.685
202006 1.230 127.000 1.591
202009 0.770 130.118 0.972
202012 1.380 130.889 1.732
202103 0.780 131.771 0.972
202106 0.860 134.084 1.054
202109 0.830 135.847 1.004
202112 0.950 138.161 1.130
202203 1.050 138.822 1.242
202206 0.270 142.347 0.312
202209 1.000 144.661 1.136
202212 1.030 145.763 1.161
202303 2.800 146.865 3.132
202306 0.890 150.280 0.973
202309 0.960 151.492 1.041
202312 0.990 152.924 1.063
202403 1.660 153.035 1.782
202406 0.950 155.789 1.002
202409 1.090 157.882 1.134
202412 0.850 158.323 0.882
202503 1.300 157.552 1.355
202506 1.140 159.755 1.172
202509 0.740 162.289 0.749
202512 0.800 163.281 0.805
202603 0.810 164.272 0.810

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 ₹-0.38 mean?
Den Networks (NSE:DEN) has a E10 of ₹-0.38 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Den Networks and its competitors.
Is Den Networks' E10 too high?
Den Networks' current E10 is ₹-0.38. Overall, Den Networks has a GF Score™ of 66/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Den Networks' E10 compare to NFLX and DIS?
Den Networks' E10 of ₹-0.38 can be compared against companies in the Media - Diversified 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 Media - Diversified company?
A good E10 depends on the Media - Diversified 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 Den Networks and its competitors. Den Networks's current E10 is ₹-0.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Den Networks stock overvalued right now?
Based on GuruFocus' analysis, Den Networks (NSE:DEN) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹37.19, compared to a current price of ₹31.24 — trading 16% below its estimated fair value. The current E10 is ₹-0.38. Den Networks' 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 Den Networks (NSE:DEN), the current E10 is ₹-0.38 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 Den Networks (NSE:DEN) Overvalued in 2026?

Based on GuruFocus' analysis, Den Networks stock appears to be undervalued. The current stock price of ₹31.24 is trading 16% below its estimated GF Value™ of ₹37.19. GuruFocus considers Den Networks to be Modestly Undervalued.

Key valuation signals for NSE:DEN:

  • E10: ₹-0.38
  • GF Value™: ₹37.19 vs. price of ₹31.24 (16% below fair value)
  • GF Score™: 66/100 with 4 warning signs

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


Den Networks Business Description

Other Exchanges 533137:India
Address 236, Okhla Industrial Estate, Phase-Ill, New Delhi, IND, 110 020
Den Networks Ltd is a cable television company in India that distributes analog and digital cable television services. It provides visual entertainment to its customers through cable TV, over-the-top entertainment, telecommerce, and broadband services. The business segments of the company consist mainly of Cable and Broadband. Its Cable segment includes the distribution and promotion of television channels and the Broadband segment consists of providing internet services. The company generates the majority of its revenue from its cable segment. Geographically, it derives revenue from India.
66GF Score

Get the complete analysis for NSE:DEN

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

₹31.24
Price
₹37.19
GF Value