Thendesh (NSE:SANDESH) E10: ₹146.79 (As of Mar. 2026)


NSE:SANDESH The Sandesh Ltd NSE:SANDESH
76 GF Score
Price ₹1,011.30
GF Value ₹1,733.59
Valuation Possible Value Trap
! 4 Warning Signs
View Full Analysis

What is Thendesh E10?

Thendesh NSE:SANDESH +4.00% 76 E10 is ₹146.79 as of Mar. 2026. GuruFocus rates NSE:SANDESH with a GF Score™ of 76/100 and a GF Value™ of ₹1,733.59 (Possible Value Trap). 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.

Thendesh's adjusted earnings per share data for the three months ended in Mar. 2026 was ₹-45.630. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₹146.79 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Thendesh's average E10 Growth Rate was -0.30% per year. During the past 3 years, the average E10 Growth Rate was 6.10% per year. During the past 5 years, the average E10 Growth Rate was 6.80% 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 Thendesh was 9.30% per year. The lowest was 6.10% per year. And the median was 8.10% per year.

As of today (2026-06-30), Thendesh's current stock price is ₹1011.30. Thendesh's E10 for the quarter that ended in Mar. 2026 was ₹146.79. Thendesh's Shiller PE Ratio of today is 6.89.

During the past 13 years, the highest Shiller PE Ratio of Thendesh was 12.33. The lowest was 5.71. And the median was 7.56.


Thendesh  (NSE:SANDESH) 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.

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

Shiller PE Ratio=Share Price/E10
=1011.30/146.79
=6.89

* 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 Thendesh was 12.33. The lowest was 5.71. And the median was 7.56.


Be Aware

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


Thendesh E10 Related Terms


Thendesh E10 Historical Data

* Premium members only.

The historical data trend for Thendesh'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.

Thendesh E10 Chart

Thendesh 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 115.91 121.94 142.61 145.42 146.79

Thendesh 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 145.42 152.39 153.19 156.05 146.79

NSE:SANDESH vs NYT, WLY: E10 Comparison

For the Publishing subindustry, Thendesh'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.


Thendesh Shiller PE Ratio vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Thendesh's Shiller PE Ratio distribution charts can be found below:

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


NSE:SANDESH
76GF Score
The Sandesh Ltd NSE:SANDESH
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Thendesh 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, Thendesh'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)
=-45.63/164.2724*164.2724
=-45.630

Current CPI (Mar. 2026) = 164.2724.

Thendesh Quarterly Data

per share eps CPI Adj_EPS
201512 24.280 102.901 38.761
201603 29.088 102.518 46.610
201606 31.750 105.961 49.222
201609 22.640 105.961 35.099
201612 20.120 105.196 31.419
201703 21.670 105.196 33.840
201706 30.800 107.109 47.238
201803 0.000 109.786 0.000
201806 23.060 111.317 34.030
201809 15.270 115.142 21.786
201812 19.020 115.142 27.136
201903 28.180 118.202 39.163
201906 17.980 120.880 24.434
201909 23.810 123.175 31.754
201912 21.210 126.235 27.601
202003 17.880 124.705 23.553
202006 25.670 127.000 33.204
202009 33.310 130.118 42.054
202012 53.820 130.889 67.547
202103 6.080 131.771 7.580
202106 20.150 134.084 24.687
202109 30.440 135.847 36.809
202112 29.560 138.161 35.147
202203 38.520 138.822 45.582
202206 17.470 142.347 20.161
202209 58.200 144.661 66.090
202212 43.720 145.763 49.272
202303 14.580 146.865 16.308
202306 43.680 150.280 47.747
202309 34.230 151.492 37.118
202312 76.210 152.924 81.865
202403 95.010 153.035 101.987
202406 66.700 155.789 70.332
202409 50.450 157.882 52.492
202412 -27.470 158.323 -28.502
202503 12.200 157.552 12.720
202506 76.680 159.755 78.848
202509 5.100 162.289 5.162
202512 50.840 163.281 51.149
202603 -45.630 164.272 -45.630

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 ₹146.79 mean?
Thendesh (NSE:SANDESH) has a E10 of ₹146.79 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Thendesh and its competitors.
Is Thendesh's E10 too high?
Thendesh's current E10 is ₹146.79. Overall, Thendesh 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 Thendesh's E10 compare to NYT and WLY?
Thendesh's E10 of ₹146.79 can be compared against companies in the Media - Diversified 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 Media - Diversified company?
A good E10 depends on the Media - Diversified 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 Thendesh and its competitors. Thendesh's current E10 is ₹146.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thendesh stock overvalued right now?
Based on GuruFocus' analysis, Thendesh (NSE:SANDESH) is currently considered Possible Value Trap. The stock's GF Value™ is ₹1,733.59, compared to a current price of ₹1,011.30 — trading 41.7% below its estimated fair value. The current E10 is ₹146.79. Thendesh's overall GF Score™ is 76/100 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 Thendesh (NSE:SANDESH), the current E10 is ₹146.79 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 Thendesh (NSE:SANDESH) Overvalued in 2026?

Based on GuruFocus' analysis, Thendesh stock appears to be undervalued. The current stock price of ₹1,011.30 is trading 41.7% below its estimated GF Value™ of ₹1,733.59. GuruFocus considers Thendesh to be Possible Value Trap.

Key valuation signals for NSE:SANDESH:

  • E10: ₹146.79
  • GF Value™: ₹1,733.59 vs. price of ₹1,011.30 (41.7% below fair value)
  • GF Score™: 76/100 with 4 warning signs

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


Thendesh Business Description

Other Exchanges 526725:India
Address Lad Society Road, Sandesh Bhavan, P.O. Bodakdev, Behind Vastrapur Gam, Ahmedabad, GJ, IND, 380054
The Sandesh Ltd belongs to the regional print media Industry and is the publisher of SANDESH, a Gujarati daily newspaper in the Gujarat Region of India. The company is involved in the business of editing, printing, and publishing newspapers and periodicals, and also runs a Gujarati news channel called Sandesh News, and an out-of-home business under the name of OOH. It operates in two business segments, namely Media, which generates the maximum revenue, and Finance.
76GF Score

Get the complete analysis for NSE:SANDESH

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

₹1,011.30
Price
₹1,733.59
GF Value