SG Finserve (NSE:SGFIN) E10: ₹6.73 (As of Jun. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
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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Charlie Tian
Charlie Tian
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:SGFIN SG Finserve Ltd NSE:SGFIN
66 GF Score
Price ₹682.25
GF Value ₹820.36
Valuation Modestly Undervalued
! 10 Warning Signs
View Full Analysis

What is SG Finserve E10?

SG Finserve NSE:SGFIN +3.56% 66 E10 is ₹6.73 as of Jun. 2026. GuruFocus rates NSE:SGFIN with a GF Score™ of 66/100 and a GF Value™ of ₹820.36 (Modestly Undervalued). 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.

SG Finserve's adjusted earnings per share data for the three months ended in Jun. 2026 was ₹8.050. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₹6.73 for the trailing ten years ended in Jun. 2026.

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 (2026-08-01), SG Finserve's current stock price is ₹682.25. SG Finserve's E10 for the quarter that ended in Jun. 2026 was ₹6.73. SG Finserve's Shiller PE Ratio of today is 101.37.

During the past 11 years, the highest Shiller PE Ratio of SG Finserve was 104.33. The lowest was 65.70. And the median was 88.43.


SG Finserve  (NSE:SGFIN) 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.

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

Shiller PE Ratio=Share Price/E10
=682.25/6.73
=101.37

* 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 11 years, the highest Shiller P/E Ratio of SG Finserve was 104.33. The lowest was 65.70. And the median was 88.43.


Be Aware

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


SG Finserve E10 Related Terms


SG Finserve E10 Historical Data

* Premium members only.

The historical data trend for SG Finserve'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.

SG Finserve E10 Chart

SG Finserve 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 5.87

SG Finserve 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 5.13 5.87 6.73

NSE:SGFIN vs MS, GS, SCHW: E10 Comparison

For the Capital Markets subindustry, SG Finserve'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.


SG Finserve Shiller PE Ratio vs Capital Markets Industry

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

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


NSE:SGFIN
66GF Score
SG Finserve Ltd NSE:SGFIN
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

SG Finserve 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, SG Finserve'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)
=8.05/166.1454*166.1454
=8.050

Current CPI (Jun. 2026) = 166.1454.

SG Finserve Quarterly Data

per share eps CPI Adj_EPS
201609 0.230 105.961 0.361
201612 0.180 105.196 0.284
201703 0.070 105.196 0.111
201706 0.050 107.109 0.078
201709 0.300 109.021 0.457
201712 0.340 109.404 0.516
201803 0.480 109.786 0.726
201806 -0.300 111.317 -0.448
201809 -1.180 115.142 -1.703
201812 0.700 115.142 1.010
201903 0.090 118.202 0.127
201906 -0.470 120.880 -0.646
201909 -0.060 123.175 -0.081
201912 0.030 126.235 0.039
202003 -1.490 124.705 -1.985
202006 0.210 127.000 0.275
202009 0.630 130.118 0.804
202012 0.990 130.889 1.257
202103 1.320 131.771 1.664
202106 1.050 134.084 1.301
202109 0.490 135.847 0.599
202112 1.400 138.161 1.684
202203 -1.370 138.822 -1.640
202206 -1.640 142.347 -1.914
202209 0.230 144.661 0.264
202212 1.270 145.763 1.448
202303 3.405 146.865 3.852
202306 2.840 150.280 3.140
202309 3.570 151.492 3.915
202312 3.920 152.924 4.259
202403 4.329 153.035 4.700
202406 3.470 155.789 3.701
202409 2.520 157.882 2.652
202412 3.700 158.323 3.883
202503 3.600 157.552 3.796
202506 3.670 159.755 3.817
202509 4.260 162.289 4.361
202512 4.900 163.281 4.986
202603 7.420 164.272 7.505
202606 8.050 166.145 8.050

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 ₹6.73 mean?
SG Finserve (NSE:SGFIN) has a E10 of ₹6.73 as of Jun. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on SG Finserve and its competitors.
Is SG Finserve's E10 too high?
SG Finserve's current E10 is ₹6.73. Overall, SG Finserve has a GF Score™ of 66/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does SG Finserve's E10 compare to MS and GS?
SG Finserve's E10 of ₹6.73 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 SG Finserve and its competitors. SG Finserve's current E10 is ₹6.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SG Finserve stock overvalued right now?
Based on GuruFocus' analysis, SG Finserve (NSE:SGFIN) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹820.36, compared to a current price of ₹682.25 — trading 16.8% below its estimated fair value. The current E10 is ₹6.73. SG Finserve's overall GF Score™ is 66/100 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 SG Finserve (NSE:SGFIN), the current E10 is ₹6.73 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 SG Finserve (NSE:SGFIN) Overvalued in 2026?

Based on GuruFocus' analysis, SG Finserve stock appears to be undervalued. The current stock price of ₹682.25 is trading 16.8% below its estimated GF Value™ of ₹820.36. GuruFocus considers SG Finserve to be Modestly Undervalued.

Key valuation signals for NSE:SGFIN:

  • E10: ₹6.73
  • GF Value™: ₹820.36 vs. price of ₹682.25 (16.8% below fair value)
  • GF Score™: 66/100 with 10 warning signs

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


SG Finserve Business Description

Other Exchanges 539199:India
Address 35-36, Kaushambi, Near Anand Vihar Terminal, Ghaziabad, UP, IND, 201010
SG Finserve Ltd is engaged in the business of supply chain finance. The group provide solutions of Dealer financing, Retailer financing, Vendor financing, Logistics / transporter financing, and Tailor Made Term Lending Solutions. Geographically, it operates in domestic market.
66GF Score

Get the complete analysis for NSE:SGFIN

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

₹682.25
Price
₹820.36
GF Value