Mphasis (NSE:MPHASIS) E10: ₹83.55 (As of Mar. 2026)


NSE:MPHASIS Mphasis Ltd NSE:MPHASIS
92 GF Score
Price ₹2,263.40
GF Value ₹3,025.86
Valuation Modestly Undervalued
! 1 Warning Sign
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What is Mphasis E10?

Mphasis NSE:MPHASIS +0.10% 92 E10 is ₹83.55 as of Mar. 2026. GuruFocus rates NSE:MPHASIS with a GF Score™ of 92/100 and a GF Value™ of ₹3,025.86 (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.

Mphasis's adjusted earnings per share data for the three months ended in Mar. 2026 was ₹26.680. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₹83.55 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Mphasis's average E10 Growth Rate was 10.80% per year. During the past 3 years, the average E10 Growth Rate was 8.90% per year. During the past 5 years, the average E10 Growth Rate was 8.70% 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 Mphasis was 8.90% per year. The lowest was 8.40% per year. And the median was 8.50% per year.

As of today (2026-06-27), Mphasis's current stock price is ₹2263.40. Mphasis's E10 for the quarter that ended in Mar. 2026 was ₹83.55. Mphasis's Shiller PE Ratio of today is 27.09.

During the past 13 years, the highest Shiller PE Ratio of Mphasis was 59.67. The lowest was 13.30. And the median was 34.25.


Mphasis  (NSE:MPHASIS) 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.

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

Shiller PE Ratio=Share Price/E10
=2263.40/83.55
=27.09

* 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 Mphasis was 59.67. The lowest was 13.30. And the median was 34.25.


Be Aware

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


Mphasis E10 Related Terms


Mphasis E10 Historical Data

* Premium members only.

The historical data trend for Mphasis'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.

Mphasis E10 Chart

Mphasis 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 59.32 64.72 69.73 75.45 83.55

Mphasis 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 75.45 77.63 79.88 81.39 83.55

NSE:MPHASIS vs IBM, ACN, FISV: E10 Comparison

For the Information Technology Services subindustry, Mphasis'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.


Mphasis Shiller PE Ratio vs Software Industry

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

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


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

Mphasis 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, Mphasis'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)
=26.68/164.2724*164.2724
=26.680

Current CPI (Mar. 2026) = 164.2724.

Mphasis Quarterly Data

per share eps CPI Adj_EPS
201606 9.530 105.961 14.774
201609 9.820 105.961 15.224
201612 9.510 105.196 14.851
201703 8.740 105.196 13.648
201706 9.080 107.109 13.926
201709 10.220 109.021 15.399
201712 11.080 109.404 16.637
201803 12.220 109.786 18.285
201806 13.230 111.317 19.524
201809 13.850 115.142 19.760
201812 14.260 115.142 20.345
201903 14.170 118.202 19.693
201906 14.090 120.880 19.148
201909 14.540 123.175 19.391
201912 15.630 126.235 20.340
202003 18.820 124.705 24.791
202006 14.670 127.000 18.975
202009 15.870 130.118 20.036
202012 17.220 130.889 21.612
202103 16.710 131.771 20.832
202106 17.910 134.084 21.942
202109 17.960 135.847 21.718
202112 18.850 138.161 22.413
202203 20.660 138.822 24.448
202206 21.170 142.347 24.431
202209 22.100 144.661 25.096
202212 21.780 145.763 24.546
202303 21.370 146.865 23.903
202306 20.930 150.280 22.879
202309 20.620 151.492 22.360
202312 19.640 152.924 21.097
202403 20.670 153.035 22.188
202406 21.250 155.789 22.407
202409 22.180 157.882 23.078
202412 22.410 158.323 23.252
202503 23.410 157.552 24.409
202506 23.140 159.755 23.794
202509 24.540 162.289 24.840
202512 23.130 163.281 23.270
202603 26.680 164.272 26.680

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 ₹83.55 mean?
Mphasis (NSE:MPHASIS) has a E10 of ₹83.55 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Mphasis and its competitors.
Is Mphasis' E10 too high?
Mphasis' current E10 is ₹83.55. Overall, Mphasis has a GF Score™ of 92/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Mphasis' E10 compare to IBM and ACN?
Mphasis' E10 of ₹83.55 can be compared against companies in the Software 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 Software company?
A good E10 depends on the Software 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 Mphasis and its competitors. Mphasis's current E10 is ₹83.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mphasis stock overvalued right now?
Based on GuruFocus' analysis, Mphasis (NSE:MPHASIS) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹3,025.86, compared to a current price of ₹2,263.40 — trading 25.2% below its estimated fair value. The current E10 is ₹83.55. Mphasis' 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 Mphasis (NSE:MPHASIS), the current E10 is ₹83.55 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 Mphasis (NSE:MPHASIS) Overvalued in 2026?

Based on GuruFocus' analysis, Mphasis stock appears to be undervalued. The current stock price of ₹2,263.40 is trading 25.2% below its estimated GF Value™ of ₹3,025.86. GuruFocus considers Mphasis to be Modestly Undervalued.

Key valuation signals for NSE:MPHASIS:

  • E10: ₹83.55
  • GF Value™: ₹3,025.86 vs. price of ₹2,263.40 (25.2% below fair value)
  • GF Score™: 92/100 with 1 warning sign

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


Mphasis Business Description

Other Exchanges 526299:India
Address Marathalli Outer Ring Road, Bagmane World Technology Center, Doddanakhundi Village, Mahadevapura, Bengaluru, KA, IND, 560 048
Mphasis Ltd is an IT solutions provider which offers application development and integration, business process outsourcing, and infrastructure services such as architecture guidance. The company was formed after the merger of the U.S.-based IT consulting company Mphasis and the Indian IT services company BFL Software. Mphasis serves clients in the financial services, healthcare, telecom, retail, logistics, and technology industries. Mphasis operates in India, Americas, EMEA, and Rest of the world. The company operates through its business segments: banking and financial services, insurance, technology media and telecom, logistics and transportation, and others. It derives maximum revenue from banking and financial services.
92GF Score

Get the complete analysis for NSE:MPHASIS

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

₹2,263.40
Price
₹3,025.86
GF Value