Thangamayil Jewellery (NSE:THANGAMAYL) E10: ₹38.54 (As of Jun. 2026)

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NSE:THANGAMAYL Thangamayil Jewellery Ltd NSE:THANGAMAYL
82 GF Score
Price ₹5,336.50
GF Value ₹3,907.04
Valuation Significantly Overvalued
! 5 Warning Signs
View Full Analysis

What is Thangamayil Jewellery E10?

Thangamayil Jewellery NSE:THANGAMAYL -1.67% 82 E10 is ₹38.54 as of Jun. 2026. GuruFocus rates NSE:THANGAMAYL with a GF Score™ of 82/100 and a GF Value™ of ₹3,907.04 (Significantly Overvalued). The stock has 5 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.

Thangamayil Jewellery's adjusted earnings per share data for the three months ended in Jun. 2026 was ₹27.380. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₹38.54 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Thangamayil Jewellery's average E10 Growth Rate was 51.60% per year. During the past 3 years, the average E10 Growth Rate was 43.20% per year. During the past 5 years, the average E10 Growth Rate was 32.60% 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 Thangamayil Jewellery was 43.20% per year. The lowest was 25.40% per year. And the median was 33.90% per year.

As of today (2026-08-17), Thangamayil Jewellery's current stock price is ₹5336.50. Thangamayil Jewellery's E10 for the quarter that ended in Jun. 2026 was ₹38.54. Thangamayil Jewellery's Shiller PE Ratio of today is 138.47.

During the past 13 years, the highest Shiller PE Ratio of Thangamayil Jewellery was 179.23. The lowest was 31.84. And the median was 72.83.


Thangamayil Jewellery  (NSE:THANGAMAYL) 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.

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

Shiller PE Ratio=Share Price/E10
=5336.50/38.54
=138.47

* 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 Thangamayil Jewellery was 179.23. The lowest was 31.84. And the median was 72.83.


Be Aware

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


Thangamayil Jewellery E10 Related Terms


Thangamayil Jewellery E10 Historical Data

* Premium members only.

The historical data trend for Thangamayil Jewellery'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.

Thangamayil Jewellery E10 Chart

Thangamayil Jewellery 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 9.97 12.16 17.79 23.83 35.70

Thangamayil Jewellery 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 25.40 27.53 30.97 35.70 38.54

NSE:THANGAMAYL vs TPR: E10 Comparison

For the Luxury Goods subindustry, Thangamayil Jewellery'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.


Thangamayil Jewellery Shiller PE Ratio vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Thangamayil Jewellery's Shiller PE Ratio distribution charts can be found below:

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


NSE:THANGAMAYL
82GF Score
Thangamayil Jewellery Ltd NSE:THANGAMAYL
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Thangamayil Jewellery 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, Thangamayil Jewellery'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)
=27.38/167.3573*167.3573
=27.380

Current CPI (Jun. 2026) = 167.3573.

Thangamayil Jewellery Quarterly Data

per share eps CPI Adj_EPS
201609 1.252 105.961 1.977
201612 0.130 105.196 0.207
201703 1.938 105.196 3.083
201706 3.410 107.109 5.328
201709 1.458 109.021 2.238
201712 1.472 109.404 2.252
201803 1.676 109.786 2.555
201806 3.663 111.317 5.507
201809 2.472 115.142 3.593
201812 2.015 115.142 2.929
201903 2.533 118.202 3.586
201906 4.538 120.880 6.283
201909 4.166 123.175 5.660
201912 4.384 126.235 5.812
202003 3.033 124.705 4.070
202006 -2.262 127.000 -2.981
202009 18.481 130.118 23.770
202012 9.500 130.889 12.147
202103 4.859 131.771 6.171
202106 -2.635 134.084 -3.289
202109 9.432 135.847 11.620
202112 3.997 138.161 4.842
202203 2.815 138.822 3.394
202206 13.409 142.347 15.765
202209 5.629 144.661 6.512
202212 4.864 145.763 5.585
202303 10.958 146.865 12.487
202306 20.695 150.280 23.047
202309 2.965 151.492 3.276
202312 9.892 152.924 10.826
202403 10.388 153.035 11.360
202406 20.610 155.789 22.140
202409 -6.360 157.882 -6.742
202412 17.560 158.323 18.562
202503 10.180 157.552 10.814
202506 14.710 159.755 15.410
202509 18.820 162.289 19.408
202512 33.710 163.281 34.552
202603 45.890 164.272 46.752
202606 27.380 167.357 27.380

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 ₹38.54 mean?
Thangamayil Jewellery (NSE:THANGAMAYL) has a E10 of ₹38.54 as of Jun. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Thangamayil Jewellery and its competitors.
Is Thangamayil Jewellery's E10 too high?
Thangamayil Jewellery's current E10 is ₹38.54. Overall, Thangamayil Jewellery has a GF Score™ of 82/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Thangamayil Jewellery's E10 compare to TPR?
Thangamayil Jewellery's E10 of ₹38.54 can be compared against companies in the Retail - Cyclical 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 Retail - Cyclical company?
A good E10 depends on the Retail - Cyclical 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 Thangamayil Jewellery and its competitors. Thangamayil Jewellery's current E10 is ₹38.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thangamayil Jewellery stock overvalued right now?
Based on GuruFocus' analysis, Thangamayil Jewellery (NSE:THANGAMAYL) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹3,907.04, compared to a current price of ₹5,336.50 — trading 36.6% above its estimated fair value. The current E10 is ₹38.54. Thangamayil Jewellery's overall GF Score™ is 82/100 with 5 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 Thangamayil Jewellery (NSE:THANGAMAYL), the current E10 is ₹38.54 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 Thangamayil Jewellery (NSE:THANGAMAYL) Overvalued in 2026?

Based on GuruFocus' analysis, Thangamayil Jewellery stock appears to be overvalued. The current stock price of ₹5,336.50 is trading 36.6% above its estimated GF Value™ of ₹3,907.04. GuruFocus considers Thangamayil Jewellery to be Significantly Overvalued.

Key valuation signals for NSE:THANGAMAYL:

  • E10: ₹38.54
  • GF Value™: ₹3,907.04 vs. price of ₹5,336.50 (36.6% above fair value)
  • GF Score™: 82/100 with 5 warning signs

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


Thangamayil Jewellery Business Description

Other Exchanges 533158:India
Address New Natham Road, 25/6, Palamicenter, 2nd and 3rd Floor, Nera Ramakrishna Mutt, Narayanapuram, Madurai, TN, IND, 625014
Thangamayil Jewellery Ltd is mainly involved in the manufacturing and sale of Jewellery and other accessories and products. Its product portfolio comprises bangles, bracelets, rings, coins, articles, earrings, pendants, necklaces, anklets, and chains, among others. Additionally, it also offers various savings schemes to its customers to invest in gold jewellery for the long run. The company is engaged in the business of gold jewellery, diamond and silver articles, which constitutes a single business segment.
82GF Score

Get the complete analysis for NSE:THANGAMAYL

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

₹5,336.50
Price
₹3,907.04
GF Value