Esab India (NSE:ESABINDIA) E10: ₹76.22 (As of Mar. 2026)


NSE:ESABINDIA Esab India Ltd NSE:ESABINDIA
92 GF Score
Price ₹5,718.50
GF Value ₹6,562.53
Valuation Modestly Undervalued
! 1 Warning Sign
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What is Esab India E10?

Esab India NSE:ESABINDIA -0.63% 92 E10 is ₹76.22 as of Mar. 2026. GuruFocus rates NSE:ESABINDIA with a GF Score™ of 92/100 and a GF Value™ of ₹6,562.53 (Modestly Undervalued). The stock has 1 warning sign 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.

Esab India's adjusted earnings per share data for the three months ended in Mar. 2026 was ₹28.300. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₹76.22 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Esab India's average E10 Growth Rate was 21.10% per year. During the past 3 years, the average E10 Growth Rate was 19.70% per year. During the past 5 years, the average E10 Growth Rate was 17.60% 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 Esab India was 19.70% per year. The lowest was 11.40% per year. And the median was 17.15% per year.

As of today (2026-07-01), Esab India's current stock price is ₹5718.50. Esab India's E10 for the quarter that ended in Mar. 2026 was ₹76.22. Esab India's Shiller PE Ratio of today is 75.03.

During the past 13 years, the highest Shiller PE Ratio of Esab India was 129.94. The lowest was 30.42. And the median was 81.56.


Esab India  (NSE:ESABINDIA) 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.

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

Shiller PE Ratio=Share Price/E10
=5718.50/76.22
=75.03

* 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 Esab India was 129.94. The lowest was 30.42. And the median was 81.56.


Be Aware

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


Esab India E10 Related Terms


Esab India E10 Historical Data

* Premium members only.

The historical data trend for Esab India'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.

Esab India E10 Chart

Esab India 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 37.58 44.43 53.43 62.65 76.22

Esab India 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 62.65 65.54 71.28 73.79 76.22

NSE:ESABINDIA vs SNA, RBC, LECO: E10 Comparison

For the Tools & Accessories subindustry, Esab India'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.


Esab India Shiller PE Ratio vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Esab India's Shiller PE Ratio distribution charts can be found below:

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


NSE:ESABINDIA
92GF Score
Esab India Ltd NSE:ESABINDIA
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Esab India 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, Esab India'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)
=28.3/164.2724*164.2724
=28.300

Current CPI (Mar. 2026) = 164.2724.

Esab India Quarterly Data

per share eps CPI Adj_EPS
201606 6.000 105.961 9.302
201609 7.100 105.961 11.007
201612 3.640 105.196 5.684
201703 0.710 105.196 1.109
201706 5.890 107.109 9.033
201709 6.040 109.021 9.101
201712 6.240 109.404 9.369
201803 5.970 109.786 8.933
201806 10.000 111.317 14.757
201809 9.280 115.142 13.240
201812 7.500 115.142 10.700
201903 10.630 118.202 14.773
201906 10.870 120.880 14.772
201909 12.250 123.175 16.337
201912 11.540 126.235 15.017
202003 11.750 124.705 15.478
202006 4.660 127.000 6.028
202009 11.490 130.118 14.506
202012 9.560 130.889 11.998
202103 12.810 131.771 15.970
202106 13.220 134.084 16.196
202109 15.370 135.847 18.586
202112 12.320 138.161 14.648
202203 13.870 138.822 16.413
202206 16.630 142.347 19.191
202209 20.730 144.661 23.540
202212 23.600 145.763 26.597
202303 27.200 146.865 30.424
202306 27.540 150.280 30.104
202309 24.960 151.492 27.066
202312 24.660 152.924 26.490
202403 28.750 153.035 30.861
202406 28.880 155.789 30.453
202409 28.040 157.882 29.175
202412 26.240 158.323 27.226
202503 30.820 157.552 32.135
202506 26.600 159.755 27.352
202509 51.460 162.289 52.089
202512 27.940 163.281 28.110
202603 28.300 164.272 28.300

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 ₹76.22 mean?
Esab India (NSE:ESABINDIA) has a E10 of ₹76.22 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Esab India and its competitors.
Is Esab India's E10 too high?
Esab India's current E10 is ₹76.22. Overall, Esab India has a GF Score™ of 92/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Esab India's E10 compare to SNA and RBC?
Esab India's E10 of ₹76.22 can be compared against companies in the Industrial Products 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 Industrial Products company?
A good E10 depends on the Industrial Products 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 Esab India and its competitors. Esab India's current E10 is ₹76.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Esab India stock overvalued right now?
Based on GuruFocus' analysis, Esab India (NSE:ESABINDIA) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹6,562.53, compared to a current price of ₹5,718.50 — trading 12.9% below its estimated fair value. The current E10 is ₹76.22. Esab India's overall GF Score™ is 92/100 with 1 warning sign 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 Esab India (NSE:ESABINDIA), the current E10 is ₹76.22 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 Esab India (NSE:ESABINDIA) Overvalued in 2026?

Based on GuruFocus' analysis, Esab India stock appears to be undervalued. The current stock price of ₹5,718.50 is trading 12.9% below its estimated GF Value™ of ₹6,562.53. GuruFocus considers Esab India to be Modestly Undervalued.

Key valuation signals for NSE:ESABINDIA:

  • E10: ₹76.22
  • GF Value™: ₹6,562.53 vs. price of ₹5,718.50 (12.9% below fair value)
  • GF Score™: 92/100 with 1 warning sign

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


Esab India Business Description

Other Exchanges 500133:India
Address 3rd Main Road, Plot No.13, Industrial Estate, Ambattur, Chennai, TN, IND, 600058
Esab India Ltd is engaged in the production of welding and cutting equipment and consumables. The company focuses on areas such as Manual welding and cutting equipment, Welding Consumables, Welding automation, Mechanized cutting systems, and others. It operates in the segment of fabrication technology. This includes manufacturing and selling of welding, cutting and allied products and also provides engineering, support, and consulting services. The company's brands include ESAB, Exaton, Gasarc, Victor, and Tweco among others. Geographically, the company derives its key revenue from the domestic market and the rest from overseas markets.
92GF Score

Get the complete analysis for NSE:ESABINDIA

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

₹5,718.50
Price
₹6,562.53
GF Value