Rail Vikas Nigam (NSE:RVNL) E10: ₹5.52 (As of Mar. 2026)


NSE:RVNL Rail Vikas Nigam Ltd NSE:RVNL
76 GF Score
Price ₹235.77
GF Value ₹350.05
Valuation Possible Value Trap
! 6 Warning Signs
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What is Rail Vikas Nigam E10?

Rail Vikas Nigam NSE:RVNL -0.46% 76 E10 is ₹5.52 as of Mar. 2026. GuruFocus rates NSE:RVNL with a GF Score™ of 76/100 and a GF Value™ of ₹350.05 (Possible Value Trap). The stock has 6 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.

Rail Vikas Nigam's adjusted earnings per share data for the fiscal year that ended in Mar. 2026 was ₹4.200. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₹5.52 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Rail Vikas Nigam's average E10 Growth Rate was 6.20% per year. During the past 3 years, the average E10 Growth Rate was 11.90% 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.

During the past 13 years, the highest 3-Year average E10 Growth Rate of Rail Vikas Nigam was 17.70% per year. The lowest was 11.90% per year. And the median was 14.80% per year.

As of today (2026-07-05), Rail Vikas Nigam's current stock price is ₹ 235.77. Rail Vikas Nigam's E10 for the fiscal year that ended in Mar. 2026 was ₹5.52. Rail Vikas Nigam's Shiller PE Ratio of today is 42.71.

During the past 13 years, the highest Shiller PE Ratio of Rail Vikas Nigam was 88.27. The lowest was 9.45. And the median was 48.27.


Rail Vikas Nigam  (NSE:RVNL) 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.

Rail Vikas Nigam's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=235.77/5.52
=42.71

* 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 Rail Vikas Nigam was 88.27. The lowest was 9.45. And the median was 48.27.


Be Aware

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


Rail Vikas Nigam E10 Related Terms


Rail Vikas Nigam E10 Historical Data

* Premium members only.

The historical data trend for Rail Vikas Nigam'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.

Rail Vikas Nigam E10 Chart

Rail Vikas Nigam 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 3.19 3.94 4.72 5.20 5.52

Rail Vikas Nigam 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 5.20 0.00 0.00 0.00 5.52

NSE:RVNL vs PWR, FIX, EME: E10 Comparison

For the Engineering & Construction subindustry, Rail Vikas Nigam'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.


Rail Vikas Nigam Shiller PE Ratio vs Construction Industry

For the Construction industry and Industrials sector, Rail Vikas Nigam's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Rail Vikas Nigam's Shiller PE Ratio falls into.


NSE:RVNL
76GF Score
Rail Vikas Nigam Ltd NSE:RVNL
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Rail Vikas Nigam 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, Rail Vikas Nigam's adjusted earnings per share data for the fiscal year that ended in Mar. 2026 was:

Adj_EPS=Earnings per Share (Diluted) /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=4.2/164.2724*164.2724
=4.200

Current CPI (Mar. 2026) = 164.2724.

Rail Vikas Nigam Annual Data

per_share_eps CPI Adj_EPS
201703 2.106 105.196 3.289
201803 2.731 109.786 4.086
201903 3.298 118.202 4.583
202003 3.630 124.705 4.782
202103 4.760 131.771 5.934
202203 5.320 138.822 6.295
202303 6.810 146.865 7.617
202403 7.440 153.035 7.986
202503 6.130 157.552 6.391
202603 4.200 164.272 4.200

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 ₹5.52 mean?
Rail Vikas Nigam (NSE:RVNL) has a E10 of ₹5.52 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Rail Vikas Nigam and its competitors.
Is Rail Vikas Nigam's E10 too high?
Rail Vikas Nigam's current E10 is ₹5.52. Overall, Rail Vikas Nigam has a GF Score™ of 76/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Rail Vikas Nigam's E10 compare to PWR and FIX?
Rail Vikas Nigam's E10 of ₹5.52 can be compared against companies in the Construction 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 Construction company?
A good E10 depends on the Construction 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 Rail Vikas Nigam and its competitors. Rail Vikas Nigam's current E10 is ₹5.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Rail Vikas Nigam stock overvalued right now?
Based on GuruFocus' analysis, Rail Vikas Nigam (NSE:RVNL) is currently considered Possible Value Trap. The stock's GF Value™ is ₹350.05, compared to a current price of ₹235.77 — trading 32.6% below its estimated fair value. The current E10 is ₹5.52. Rail Vikas Nigam's overall GF Score™ is 76/100 with 6 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 Rail Vikas Nigam (NSE:RVNL), the current E10 is ₹5.52 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 Rail Vikas Nigam (NSE:RVNL) Overvalued in 2026?

Based on GuruFocus' analysis, Rail Vikas Nigam stock appears to be undervalued. The current stock price of ₹235.77 is trading 32.6% below its estimated GF Value™ of ₹350.05. GuruFocus considers Rail Vikas Nigam to be Possible Value Trap.

Key valuation signals for NSE:RVNL:

  • E10: ₹5.52
  • GF Value™: ₹350.05 vs. price of ₹235.77 (32.6% below fair value)
  • GF Score™: 76/100 with 6 warning signs

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


Rail Vikas Nigam Business Description

Other Exchanges 542649:India
Address August Kranti Bhawan, Block B, Plot No. 25, 1st Floor, Bhikaji Cama Place, R.K. Puram, New Delhi, IND, 110066
Rail Vikas Nigam Ltd is an Indian-based company, engaged in the business of implementing various types of Rail infrastructure projects. It executes projects such as new lines, doubling, gauge conversion, railway electrification, metro projects, workshops, bridges, construction of cable-stayed bridges, institution buildings, and others. The company has only one reportable segment namely, Development of Railway Infrastructure.
76GF Score

Get the complete analysis for NSE:RVNL

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

₹235.77
Price
₹350.05
GF Value