Saregama India (NSE:SAREGAMA) E10: ₹8.51 (As of Jun. 2026)

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Director of Data and Quant Analytics at GuruFocus
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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:SAREGAMA Saregama India Ltd NSE:SAREGAMA
94 GF Score
Price ₹510.05
GF Value ₹537.73
Valuation Fairly Valued
! 10 Warning Signs
View Full Analysis

What is Saregama India E10?

Saregama India NSE:SAREGAMA +0.69% 94 E10 is ₹8.51 as of Jun. 2026. GuruFocus rates NSE:SAREGAMA with a GF Score™ of 94/100 and a GF Value™ of ₹537.73 (Fairly Valued). The stock has 10 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.

Saregama India's adjusted earnings per share data for the three months ended in Jun. 2026 was ₹2.690. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₹8.51 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Saregama India's average E10 Growth Rate was 22.40% 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 (2026-08-25), Saregama India's current stock price is ₹510.05. Saregama India's E10 for the quarter that ended in Jun. 2026 was ₹8.51. Saregama India's Shiller PE Ratio of today is 59.94.

During the past 13 years, the highest Shiller PE Ratio of Saregama India was 93.97. The lowest was 39.87. And the median was 69.75.


Saregama India  (NSE:SAREGAMA) 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.

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

Shiller PE Ratio=Share Price/E10
=510.05/8.51
=59.94

* 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 Saregama India was 93.97. The lowest was 39.87. And the median was 69.75.


Be Aware

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


Saregama India E10 Related Terms


Saregama India E10 Historical Data

* Premium members only.

The historical data trend for Saregama 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.

Saregama India E10 Chart

Saregama India 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 6.17 6.83 8.05

Saregama India 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 6.95 7.32 7.62 8.05 8.51

NSE:SAREGAMA vs NFLX, DIS, WBD: E10 Comparison

For the Entertainment subindustry, Saregama 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.


Saregama India Shiller PE Ratio vs Media - Diversified Industry

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

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


NSE:SAREGAMA
94GF Score
Saregama India Ltd NSE:SAREGAMA
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Saregama 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, Saregama India'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)
=2.69/167.3573*167.3573
=2.690

Current CPI (Jun. 2026) = 167.3573.

Saregama India Quarterly Data

per share eps CPI Adj_EPS
201306 0.105 88.365 0.199
201403 0.000 91.425 0.000
201406 0.193 94.103 0.343
201503 0.000 97.163 0.000
201603 0.000 102.518 0.000
201703 0.000 105.196 0.000
201803 0.000 109.786 0.000
201806 0.487 111.317 0.732
201809 0.883 115.142 1.283
201812 0.770 115.142 1.119
201903 0.977 118.202 1.383
201906 -0.075 120.880 -0.104
201909 1.106 123.175 1.503
201912 0.585 126.235 0.776
202003 0.910 124.705 1.221
202006 0.909 127.000 1.198
202009 1.635 130.118 2.103
202012 1.825 130.889 2.333
202103 2.143 131.771 2.722
202106 1.560 134.084 1.947
202109 1.940 135.847 2.390
202112 2.350 138.161 2.847
202203 2.540 138.822 3.062
202206 2.170 142.347 2.551
202209 2.420 144.661 2.800
202212 2.760 145.763 3.169
202303 2.280 146.865 2.598
202306 2.260 150.280 2.517
202309 2.500 151.492 2.762
202312 2.720 152.924 2.977
202403 2.800 153.035 3.062
202406 1.920 155.789 2.063
202409 2.330 157.882 2.470
202412 3.230 158.323 3.414
202503 3.110 157.552 3.304
202506 1.900 159.755 1.990
202509 2.280 162.289 2.351
202512 2.670 163.281 2.737
202603 3.860 164.272 3.932
202606 2.690 167.357 2.690

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 ₹8.51 mean?
Saregama India (NSE:SAREGAMA) has a E10 of ₹8.51 as of Jun. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Saregama India and its competitors.
Is Saregama India's E10 too high?
Saregama India's current E10 is ₹8.51. Overall, Saregama India has a GF Score™ of 94/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Saregama India's E10 compare to NFLX and DIS?
Saregama India's E10 of ₹8.51 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 Saregama India and its competitors. Saregama India's current E10 is ₹8.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Saregama India stock overvalued right now?
Based on GuruFocus' analysis, Saregama India (NSE:SAREGAMA) is currently considered Fairly Valued. The stock's GF Value™ is ₹537.73, compared to a current price of ₹510.05 — trading 5.1% below its estimated fair value. The current E10 is ₹8.51. Saregama India's overall GF Score™ is 94/100 with 10 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 Saregama India (NSE:SAREGAMA), the current E10 is ₹8.51 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 Saregama India (NSE:SAREGAMA) Overvalued in 2026?

Based on GuruFocus' analysis, Saregama India stock appears to be undervalued. The current stock price of ₹510.05 is trading 5.1% below its estimated GF Value™ of ₹537.73. GuruFocus considers Saregama India to be Fairly Valued.

Key valuation signals for NSE:SAREGAMA:

  • E10: ₹8.51
  • GF Value™: ₹537.73 vs. price of ₹510.05 (5.1% below fair value)
  • GF Score™: 94/100 with 10 warning signs

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


Saregama India Business Description

Other Exchanges 532163:India
Address Building 30, Forjett Street, Grant Road West, 2nd Floor, Spencer Building, Mumbai, MH, IND, 400 036
Saregama India Ltd is a holding company, which engages in the production and distribution of music, television programs, and movies. It operates through the following segments: Music, Films/TV Serials, and Publication. The Music segment deals with the business of manufacturing and sale of Music storage devices viz. Carvaan, Music Card, etc, and dealing with related music rights. The Films/TV Serials and Event segment engaged in the production and sale/telecast/broadcast of films/TV Serials, pre-recorded programs, organizing live musical events, and dealing in film rights. The Publication segment publishes the weekly current affairs magazine 'OPEN' through its publication business. The firm derives a majority of its revenue from the Music segment.
94GF Score

Get the complete analysis for NSE:SAREGAMA

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

₹510.05
Price
₹537.73
GF Value