ITI (NSE:ITI) E10: ₹0.76 (As of Mar. 2026)


NSE:ITI ITI Ltd NSE:ITI
59 GF Score
Price ₹296.10
GF Value ₹248.35
Valuation Modestly Overvalued
! 4 Warning Signs
View Full Analysis

What is ITI E10?

ITI NSE:ITI -1.82% 59 E10 is ₹0.76 as of Mar. 2026. GuruFocus rates NSE:ITI with a GF Score™ of 59/100 and a GF Value™ of ₹248.35 (Modestly Overvalued). 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.

ITI's adjusted earnings per share data for the three months ended in Mar. 2026 was ₹3.000. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₹0.76 for the trailing ten years ended in Mar. 2026.

During the past 12 months, ITI's average E10 Growth Rate was -57.50% 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.

As of today (2026-06-30), ITI's current stock price is ₹296.10. ITI's E10 for the quarter that ended in Mar. 2026 was ₹0.76. ITI's Shiller PE Ratio of today is 389.61.

During the past 13 years, the highest Shiller PE Ratio of ITI was 1929.06. The lowest was 134.92. And the median was 204.01.


ITI  (NSE:ITI) 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.

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

Shiller PE Ratio=Share Price/E10
=296.10/0.76
=389.61

* 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 ITI was 1929.06. The lowest was 134.92. And the median was 204.01.


Be Aware

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


ITI E10 Related Terms


ITI E10 Historical Data

* Premium members only.

The historical data trend for ITI'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.

ITI E10 Chart

ITI 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 -2.18 -1.37 0.16 1.80 0.76

ITI 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 1.80 1.56 1.75 1.74 0.76

NSE:ITI vs CSCO, CIEN, MSI: E10 Comparison

For the Communication Equipment subindustry, ITI'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.


ITI Shiller PE Ratio vs Hardware Industry

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

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


NSE:ITI
59GF Score
ITI Ltd NSE:ITI
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

ITI 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, ITI'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)
=3/164.2724*164.2724
=3.000

Current CPI (Mar. 2026) = 164.2724.

ITI Quarterly Data

per share eps CPI Adj_EPS
201606 0.150 105.961 0.233
201609 5.100 105.961 7.907
201612 -1.510 105.196 -2.358
201703 3.110 105.196 4.857
201706 -0.120 107.109 -0.184
201709 0.699 109.021 1.053
201712 1.200 109.404 1.802
201803 0.968 109.786 1.448
201806 0.030 111.317 0.044
201809 0.084 115.142 0.120
201812 0.151 115.142 0.215
201903 0.461 118.202 0.641
201906 -0.710 120.880 -0.965
201909 0.120 123.175 0.160
201912 1.790 126.235 2.329
202003 0.340 124.705 0.448
202006 -1.110 127.000 -1.436
202009 -0.610 130.118 -0.770
202012 -0.340 130.889 -0.427
202103 2.150 131.771 2.680
202106 -0.940 134.084 -1.152
202109 -0.600 135.847 -0.726
202112 -0.990 138.161 -1.177
202203 3.800 138.822 4.497
202206 -1.070 142.347 -1.235
202209 -1.070 144.661 -1.215
202212 -0.930 145.763 -1.048
202303 -0.750 146.865 -0.839
202306 -1.080 150.280 -1.181
202309 -1.310 151.492 -1.421
202312 -1.050 152.924 -1.128
202403 -2.490 153.035 -2.673
202406 -0.950 155.789 -1.002
202409 -0.730 157.882 -0.760
202412 -0.510 158.323 -0.529
202503 -0.050 157.552 -0.052
202506 -0.660 159.755 -0.679
202509 -0.570 162.289 -0.577
202512 -0.260 163.281 -0.262
202603 3.000 164.272 3.000

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 ₹0.76 mean?
ITI (NSE:ITI) has a E10 of ₹0.76 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on ITI and its competitors.
Is ITI's E10 too high?
ITI's current E10 is ₹0.76. Overall, ITI has a GF Score™ of 59/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does ITI's E10 compare to CSCO and CIEN?
ITI's E10 of ₹0.76 can be compared against companies in the Hardware 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 Hardware company?
A good E10 depends on the Hardware 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 ITI and its competitors. ITI's current E10 is ₹0.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ITI stock overvalued right now?
Based on GuruFocus' analysis, ITI (NSE:ITI) is currently considered Modestly Overvalued. The stock's GF Value™ is ₹248.35, compared to a current price of ₹296.10 — trading 19.2% above its estimated fair value. The current E10 is ₹0.76. ITI's overall GF Score™ is 59/100 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 ITI (NSE:ITI), the current E10 is ₹0.76 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 ITI (NSE:ITI) Overvalued in 2026?

Based on GuruFocus' analysis, ITI stock appears to be overvalued. The current stock price of ₹296.10 is trading 19.2% above its estimated GF Value™ of ₹248.35. GuruFocus considers ITI to be Modestly Overvalued.

Key valuation signals for NSE:ITI:

  • E10: ₹0.76
  • GF Value™: ₹248.35 vs. price of ₹296.10 (19.2% above fair value)
  • GF Score™: 59/100 with 4 warning signs

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


ITI Business Description

Other Exchanges 523610:India
Address ITI Bhavan, Doorvani Nagar, Bangalore, KA, IND, 560016
ITI Ltd is an Indian manufacturer and service provider of telecommunication equipment and network infrastructure using IP/MPLS, optical fiber, microwave, and satellite technologies. Its products include GPON devices, Digital Mobile Radio systems, smart energy meters, defence encryption products, Wi-Fi equipment, smart cards, solar modules, IoT devices, and other communication hardware. The company also supplies traded communication and IT equipment. Its services cover turnkey project execution, installation, maintenance, data center hosting, electronic manufacturing, PCB fabrication, environmental testing, and 3D printing. It focuses on innovation and serves the Indian telecom, smart cities, and defence sectors.
59GF Score

Get the complete analysis for NSE:ITI

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

₹296.10
Price
₹248.35
GF Value