Linde India (NSE:LINDEINDIA) E10: ₹47.68 (As of Mar. 2026)


NSE:LINDEINDIA Linde India Ltd NSE:LINDEINDIA
75 GF Score
Price ₹7,311.00
GF Value ₹7,472.78
Valuation Fairly Valued
! 4 Warning Signs
View Full Analysis

What is Linde India E10?

Linde India NSE:LINDEINDIA +0.19% 75 E10 is ₹47.68 as of Mar. 2026. GuruFocus rates NSE:LINDEINDIA with a GF Score™ of 75/100 and a GF Value™ of ₹7,472.78 (Fairly Valued). 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.

Linde India's adjusted earnings per share data for the three months ended in Mar. 2026 was ₹9.080. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₹47.68 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Linde India's average E10 Growth Rate was 18.40% per year. During the past 3 years, the average E10 Growth Rate was 16.00% 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 Linde India was 19.80% per year. The lowest was 15.50% per year. And the median was 16.00% per year.

As of today (2026-06-30), Linde India's current stock price is ₹7311.00. Linde India's E10 for the quarter that ended in Mar. 2026 was ₹47.68. Linde India's Shiller PE Ratio of today is 153.33.

During the past 13 years, the highest Shiller PE Ratio of Linde India was 268.83. The lowest was 44.67. And the median was 140.68.


Linde India  (NSE:LINDEINDIA) 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.

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

Shiller PE Ratio=Share Price/E10
=7311.00/47.68
=153.33

* 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 Linde India was 268.83. The lowest was 44.67. And the median was 140.68.


Be Aware

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


Linde India E10 Related Terms


Linde India E10 Historical Data

* Premium members only.

The historical data trend for Linde 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.

Linde India E10 Chart

Linde India Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Mar24 Mar25 Mar26
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 25.99 30.43 34.95 40.11 47.68

Linde India Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 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 40.11 40.73 43.54 46.30 47.68

NSE:LINDEINDIA vs LIN, SHW, ECL: E10 Comparison

For the Specialty Chemicals subindustry, Linde 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.


Linde India Shiller PE Ratio vs Chemicals Industry

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

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


NSE:LINDEINDIA
75GF Score
Linde India Ltd NSE:LINDEINDIA
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Linde 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, Linde 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)
=9.08/164.2724*164.2724
=9.080

Current CPI (Mar. 2026) = 164.2724.

Linde India Quarterly Data

per share eps CPI Adj_EPS
201412 0.770 96.780 1.307
201503 1.690 97.163 2.857
201506 0.460 99.841 0.757
201509 0.040 101.753 0.065
201512 0.560 102.901 0.894
201603 0.960 102.518 1.538
201606 -0.290 105.961 -0.450
201609 -0.640 105.961 -0.992
201612 1.070 105.196 1.671
201712 0.000 109.404 0.000
201806 0.620 111.317 0.915
201812 0.000 115.142 0.000
201903 4.170 118.202 5.795
201906 2.360 120.880 3.207
201909 4.330 123.175 5.775
201912 74.400 126.235 96.818
202003 4.580 124.705 6.033
202006 2.320 127.000 3.001
202009 4.160 130.118 5.252
202012 6.660 130.889 8.359
202103 35.560 131.771 44.331
202106 8.500 134.084 10.414
202109 7.460 135.847 9.021
202112 7.950 138.161 9.453
202203 7.490 138.822 8.863
202206 20.150 142.347 23.254
202209 10.660 144.661 12.105
202212 12.900 145.763 14.538
202306 11.710 150.280 12.800
202309 12.750 151.492 13.826
202312 14.080 152.924 15.125
202403 12.360 153.035 13.268
202406 13.330 155.789 14.056
202409 12.480 157.882 12.985
202412 13.640 158.323 14.153
202503 13.880 157.552 14.472
202506 12.570 159.755 12.925
202509 20.050 162.289 20.295
202512 22.670 163.281 22.808
202603 9.080 164.272 9.080

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 ₹47.68 mean?
Linde India (NSE:LINDEINDIA) has a E10 of ₹47.68 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Linde India and its competitors.
Is Linde India's E10 too high?
Linde India's current E10 is ₹47.68. Overall, Linde India has a GF Score™ of 75/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Linde India's E10 compare to LIN and SHW?
Linde India's E10 of ₹47.68 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 Linde India and its competitors. Linde India's current E10 is ₹47.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Linde India stock overvalued right now?
Based on GuruFocus' analysis, Linde India (NSE:LINDEINDIA) is currently considered Fairly Valued. The stock's GF Value™ is ₹7,472.78, compared to a current price of ₹7,311.00 — trading 2.2% below its estimated fair value. The current E10 is ₹47.68. Linde India's overall GF Score™ is 75/100 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 Linde India (NSE:LINDEINDIA), the current E10 is ₹47.68 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 Linde India (NSE:LINDEINDIA) Overvalued in 2026?

Based on GuruFocus' analysis, Linde India stock appears to be undervalued. The current stock price of ₹7,311.00 is trading 2.2% below its estimated GF Value™ of ₹7,472.78. GuruFocus considers Linde India to be Fairly Valued.

Key valuation signals for NSE:LINDEINDIA:

  • E10: ₹47.68
  • GF Value™: ₹7,472.78 vs. price of ₹7,311.00 (2.2% below fair value)
  • GF Score™: 75/100 with 4 warning signs

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


Linde India Business Description

Other Exchanges 523457:India
Address P43 Taratala Road, Oxygen House, Kolkata, WB, IND, 700 088
Linde India Ltd is a manufacturer of industrial gases. It operates in two segments: Gases and Related Products, which comprises pipeline gas supplies (Onsite) to large industrial customers, mainly the steel, glass, and chemical industries; and Project Engineering, which includes design, engineering, supply, installation, testing, and commissioning of Air Separation Plants and related projects on turnkey basis. The majority of its revenue comes from its Gases segment from the domestic market.
75GF Score

Get the complete analysis for NSE:LINDEINDIA

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

₹7,311.00
Price
₹7,472.78
GF Value