Paul Merchants (NSE:PML) E10: ₹0.00 (As of Jun. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

NSE:PML Paul Merchants Ltd NSE:PML
50 GF Score
Price ₹488.15
GF Value ₹410.44
Valuation Modestly Overvalued
! 4 Warning Signs
View Full Analysis

What is Paul Merchants E10?

Paul Merchants NSE:PML -0.48% 50 E10 is ₹0.00 as of Jun. 2026. GuruFocus rates NSE:PML with a GF Score™ of 50/100 and a GF Value™ of ₹410.44 (Modestly Overvalued). The stock has 4 warning signs investors should review.

Note: As E10 is a main component used to calculate Shiller PE Ratio. If the month end stock price for this stock is zero, result may not be accurate due to the exchange rate between different shares and the data will not be stored into our database. Selected historical data showed in the calculation sectione below is only for demostration purpose.

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.

Paul Merchants's adjusted earnings per share data for the three months ended in Jun. 2026 was ₹28.880. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₹0.00 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Paul Merchants's average E10 Growth Rate was -1.90% 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 (2026-08-23), Paul Merchants's current stock price is ₹488.15. Paul Merchants's E10 for the quarter that ended in Jun. 2026 was ₹0.00. Paul Merchants's Shiller PE Ratio of today is .

During the past 13 years, the highest Shiller PE Ratio of Paul Merchants was 12.12. The lowest was 1.90. And the median was 5.82.


Paul Merchants  (NSE:PML) 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.

During the past 13 years, the highest Shiller P/E Ratio of Paul Merchants was 12.12. The lowest was 1.90. And the median was 5.82.


Be Aware

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


Paul Merchants E10 Related Terms


Paul Merchants E10 Historical Data

* Premium members only.

The historical data trend for Paul Merchants'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.

Paul Merchants E10 Chart

Paul Merchants 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 0.00 0.00 0.00 0.00 0.00

Paul Merchants Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 0.00 0.00 0.00 0.00 0.00

NSE:PML vs : E10 Comparison

For the Capital Markets subindustry, Paul Merchants'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.


Paul Merchants Shiller PE Ratio vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Paul Merchants's Shiller PE Ratio distribution charts can be found below:

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


NSE:PML
50GF Score
Paul Merchants Ltd NSE:PML
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Paul Merchants 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, Paul Merchants's adjusted earnings per share data for the three months ended in Jun. 2026 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=28.88/333.9520*333.9520
=28.880

Current CPI (Jun. 2026) = 333.9520.

Paul Merchants Quarterly Data

per share eps CPI Adj_EPS
201503 2.277 236.119 3.220
201506 16.410 238.638 22.964
201509 15.957 237.945 22.395
201512 15.390 236.525 21.729
201603 18.290 238.132 25.650
201703 0.000 243.801 0.000
201803 0.000 249.554 0.000
201806 18.957 251.989 25.123
201809 17.866 252.439 23.635
201812 15.547 251.233 20.666
201903 17.090 254.202 22.452
201906 20.047 256.143 26.137
201909 17.720 256.759 23.047
201912 24.017 256.974 31.211
202003 23.737 258.115 30.711
202006 22.777 257.797 29.505
202009 23.877 260.280 30.635
202012 31.170 260.474 39.963
202103 30.633 264.877 38.622
202106 27.673 271.696 34.014
202109 34.290 274.310 41.746
202112 36.457 278.802 43.669
202203 31.837 287.504 36.980
202206 36.823 296.311 41.501
202209 38.820 296.808 43.678
202212 39.720 296.797 44.692
202303 27.350 301.836 30.260
202306 44.330 305.109 48.521
202309 47.110 307.789 51.114
202312 55.410 306.746 60.324
202403 30.280 312.332 32.376
202406 43.180 314.175 45.898
202409 52.210 315.301 55.298
202412 57.470 315.605 60.811
202503 54.130 319.799 56.526
202506 932.110 322.561 965.027
202509 -21.450 324.800 -22.054
202512 -46.690 324.054 -48.116
202603 7.440 330.213 7.524
202606 28.880 333.952 28.880

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 ₹0.00 mean?
Paul Merchants (NSE:PML) has a E10 of ₹0.00 as of Jun. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Paul Merchants and its competitors.
Is Paul Merchants' E10 too high?
Paul Merchants' current E10 is ₹0.00. Overall, Paul Merchants has a GF Score™ of 50/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Paul Merchants' E10 compare to ?
Paul Merchants' E10 of ₹0.00 can be compared against companies in the Capital Markets 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 Capital Markets company?
A good E10 depends on the Capital Markets 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 Paul Merchants and its competitors. Paul Merchants's current E10 is ₹0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Paul Merchants stock overvalued right now?
Based on GuruFocus' analysis, Paul Merchants (NSE:PML) is currently considered Modestly Overvalued. The stock's GF Value™ is ₹410.44, compared to a current price of ₹488.15 — trading 18.9% above its estimated fair value. The current E10 is ₹0.00. Paul Merchants' overall GF Score™ is 50/100 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 Paul Merchants (NSE:PML), the current E10 is ₹0.00 as of Jun. 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 Paul Merchants (NSE:PML) Overvalued in 2026?

Based on GuruFocus' analysis, Paul Merchants stock appears to be overvalued. The current stock price of ₹488.15 is trading 18.9% above its estimated GF Value™ of ₹410.44. GuruFocus considers Paul Merchants to be Modestly Overvalued.

Key valuation signals for NSE:PML:

  • E10: ₹0.00
  • GF Value™: ₹410.44 vs. price of ₹488.15 (18.9% above fair value)
  • GF Score™: 50/100 with 4 warning signs

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


Paul Merchants Business Description

Comparable Companies
Other Exchanges 539113:India
Address Sector - 22A, PML House, SCO 829-830, Chandigarh, IND, 160022
Paul Merchants Ltd offers financial services. The company provides foreign exchange, business payment solutions, tours and travels, ticketing, wealth management services, and gold loans. The company's business segments include Forex, Travels, and Others. The company derives key revenue from the Forex segment.
50GF Score

Get the complete analysis for NSE:PML

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

₹488.15
Price
₹410.44
GF Value