V-Mart Retail (NSE:VMART) E10: ₹5.46 (As of Mar. 2026)


NSE:VMART V-Mart Retail Ltd NSE:VMART
88 GF Score
Price ₹778.05
GF Value ₹887.07
Valuation Modestly Undervalued
! 2 Warning Signs
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What is V-Mart Retail E10?

V-Mart Retail NSE:VMART +1.55% 88 E10 is ₹5.46 as of Mar. 2026. GuruFocus rates NSE:VMART with a GF Score™ of 88/100 and a GF Value™ of ₹887.07 (Modestly Undervalued). The stock has 2 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.

V-Mart Retail's adjusted earnings per share data for the three months ended in Mar. 2026 was ₹1.480. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₹5.46 for the trailing ten years ended in Mar. 2026.

During the past 12 months, V-Mart Retail's average E10 Growth Rate was 26.50% per year. During the past 3 years, the average E10 Growth Rate was -3.40% 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.

During the past 13 years, the highest 3-Year average E10 Growth Rate of V-Mart Retail was -3.40% per year. The lowest was -12.00% per year. And the median was -7.70% per year.

As of today (2026-06-25), V-Mart Retail's current stock price is ₹778.05. V-Mart Retail's E10 for the quarter that ended in Mar. 2026 was ₹5.46. V-Mart Retail's Shiller PE Ratio of today is 142.50.

During the past 13 years, the highest Shiller PE Ratio of V-Mart Retail was 297.51. The lowest was 82.54. And the median was 122.52.


V-Mart Retail  (NSE:VMART) 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.

V-Mart Retail's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=778.05/5.46
=142.50

* 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 V-Mart Retail was 297.51. The lowest was 82.54. And the median was 122.52.


Be Aware

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


V-Mart Retail E10 Related Terms


V-Mart Retail E10 Historical Data

* Premium members only.

The historical data trend for V-Mart Retail'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.

V-Mart Retail E10 Chart

V-Mart Retail 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 6.31 6.05 4.45 4.30 5.46

V-Mart Retail 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 4.30 4.53 4.47 5.27 5.46

NSE:VMART vs DDS, M: E10 Comparison

For the Department Stores subindustry, V-Mart Retail'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.


V-Mart Retail Shiller PE Ratio vs Retail - Cyclical Industry

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

* The bar in red indicates where V-Mart Retail's Shiller PE Ratio falls into.


NSE:VMART
88GF Score
V-Mart Retail Ltd NSE:VMART
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

V-Mart Retail 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, V-Mart Retail'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)
=1.48/164.2724*164.2724
=1.480

Current CPI (Mar. 2026) = 164.2724.

V-Mart Retail Quarterly Data

per share eps CPI Adj_EPS
201606 1.295 105.961 2.008
201609 -0.096 105.961 -0.149
201612 3.985 105.196 6.223
201703 0.888 105.196 1.387
201706 3.080 107.109 4.724
201709 0.363 109.021 0.547
201712 5.053 109.404 7.587
201803 2.190 109.786 3.277
201806 3.420 111.317 5.047
201809 -0.555 115.142 -0.792
201812 5.748 115.142 8.201
201903 -0.123 118.202 -0.171
201906 2.423 120.880 3.293
201909 -2.485 123.175 -3.314
201912 8.008 126.235 10.421
202003 -1.158 124.705 -1.525
202006 -4.630 127.000 -5.989
202009 -2.610 130.118 -3.295
202012 6.575 130.889 8.252
202103 -0.193 131.771 -0.241
202106 -3.643 134.084 -4.463
202109 -1.763 135.847 -2.132
202112 7.205 138.161 8.567
202203 -0.333 138.822 -0.394
202206 2.588 142.347 2.987
202209 -1.433 144.661 -1.627
202212 2.520 145.763 2.840
202303 -4.675 146.865 -5.229
202306 -2.775 150.280 -3.033
202309 -8.108 151.492 -8.792
202312 3.550 152.924 3.813
202403 -4.920 153.035 -5.281
202406 1.530 155.789 1.613
202409 -7.140 157.882 -7.429
202412 8.950 158.323 9.286
202503 2.310 157.552 2.409
202506 4.210 159.755 4.329
202509 -1.120 162.289 -1.134
202512 11.030 163.281 11.097
202603 1.480 164.272 1.480

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 ₹5.46 mean?
V-Mart Retail (NSE:VMART) has a E10 of ₹5.46 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on V-Mart Retail and its competitors.
Is V-Mart Retail's E10 too high?
V-Mart Retail's current E10 is ₹5.46. Overall, V-Mart Retail has a GF Score™ of 88/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does V-Mart Retail's E10 compare to DDS and M?
V-Mart Retail's E10 of ₹5.46 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 V-Mart Retail and its competitors. V-Mart Retail's current E10 is ₹5.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is V-Mart Retail stock overvalued right now?
Based on GuruFocus' analysis, V-Mart Retail (NSE:VMART) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹887.07, compared to a current price of ₹778.05 — trading 12.3% below its estimated fair value. The current E10 is ₹5.46. V-Mart Retail's overall GF Score™ is 88/100 with 2 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 V-Mart Retail (NSE:VMART), the current E10 is ₹5.46 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 V-Mart Retail (NSE:VMART) Overvalued in 2026?

Based on GuruFocus' analysis, V-Mart Retail stock appears to be undervalued. The current stock price of ₹778.05 is trading 12.3% below its estimated GF Value™ of ₹887.07. GuruFocus considers V-Mart Retail to be Modestly Undervalued.

Key valuation signals for NSE:VMART:

  • E10: ₹5.46
  • GF Value™: ₹887.07 vs. price of ₹778.05 (12.3% below fair value)
  • GF Score™: 88/100 with 2 warning signs

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


V-Mart Retail Business Description

Other Exchanges 534976:India
Address Industrial Area, Phase - V, Plot No. 862, Udyog Vihar, Gurugram, HR, IND, 122016
V-Mart Retail Ltd is engaged in the retailing of readymade garments, accessories, and other products. It is involved in the business of Value Retailing through the chain of stores situated in various cities in India. It provides a range of apparel and accessories for men, women, boys, girls, and toddlers. The company's general merchandise includes Footwear, Home furnishing, Kitchenware, Toys and games, Bags and luggage, and Crockery. The company has two segments: Retail Trade, which includes domestic sales to customers at stores; and the Digital Marketplace segment includes commission and other income by providing Limeroad platform to vendors. It generates a majority of its revenue from the Retail Trade segment.
88GF Score

Get the complete analysis for NSE:VMART

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

₹778.05
Price
₹887.07
GF Value