Gagan Gases (BOM:524624) E10: ₹0.77 (As of Mar. 2026)

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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.

BOM:524624 Gagan Gases Ltd BOM:524624
78 GF Score
Price ₹19.87
GF Value ₹37.35
Valuation Possible Value Trap
! 5 Warning Signs
View Full Analysis

What is Gagan Gases E10?

Gagan Gases BOM:524624 +1.85% 78 E10 is ₹0.77 as of Mar. 2026. GuruFocus rates BOM:524624 with a GF Score™ of 78/100 and a GF Value™ of ₹37.35 (Possible Value Trap). 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.

Gagan Gases's adjusted earnings per share data for the three months ended in Mar. 2026 was ₹0.300. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₹0.77 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Gagan Gases's average E10 Growth Rate was 2.70% per year. During the past 3 years, the average E10 Growth Rate was 14.70% 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 Gagan Gases was 14.70% per year. The lowest was 14.70% per year. And the median was 14.70% per year.

As of today (2026-07-14), Gagan Gases's current stock price is ₹19.87. Gagan Gases's E10 for the quarter that ended in Mar. 2026 was ₹0.77. Gagan Gases's Shiller PE Ratio of today is 25.81.

During the past 13 years, the highest Shiller PE Ratio of Gagan Gases was 46.27. The lowest was 17.16. And the median was 29.60.


Gagan Gases  (BOM:524624) 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.

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

Shiller PE Ratio=Share Price/E10
=19.87/0.77
=25.81

* 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 Gagan Gases was 46.27. The lowest was 17.16. And the median was 29.60.


Be Aware

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


Gagan Gases E10 Related Terms


Gagan Gases E10 Historical Data

* Premium members only.

The historical data trend for Gagan Gases'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.

Gagan Gases E10 Chart

Gagan Gases 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 -0.16 0.51 0.71 0.75 0.77

Gagan Gases 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 0.75 0.75 0.73 0.74 0.77

BOM:524624 vs VLO, MPC, PSX: E10 Comparison

For the Oil & Gas Refining & Marketing subindustry, Gagan Gases'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.


Gagan Gases Shiller PE Ratio vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Gagan Gases's Shiller PE Ratio distribution charts can be found below:

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


BOM:524624
78GF Score
Gagan Gases Ltd BOM:524624
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Gagan Gases 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, Gagan Gases'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)
=0.3/164.2724*164.2724
=0.300

Current CPI (Mar. 2026) = 164.2724.

Gagan Gases Quarterly Data

per share eps CPI Adj_EPS
201606 -0.040 105.961 -0.062
201609 0.000 105.961 0.000
201612 0.110 105.196 0.172
201703 0.240 105.196 0.375
201706 -0.070 107.109 -0.107
201709 0.022 109.021 0.033
201712 0.044 109.404 0.066
201803 0.100 109.786 0.150
201806 0.010 111.317 0.015
201809 0.010 115.142 0.014
201812 0.180 115.142 0.257
201903 0.110 118.202 0.153
201906 -0.044 120.880 -0.060
201909 0.000 123.175 0.000
201912 0.130 126.235 0.169
202003 0.091 124.705 0.120
202006 -0.110 127.000 -0.142
202009 0.150 130.118 0.189
202012 0.210 130.889 0.264
202103 -0.160 131.771 -0.199
202106 0.040 134.084 0.049
202109 0.140 135.847 0.169
202112 0.280 138.161 0.333
202203 -0.330 138.822 -0.390
202206 0.220 142.347 0.254
202209 -0.001 144.661 -0.001
202212 3.950 145.763 4.452
202303 -0.040 146.865 -0.045
202306 -0.140 150.280 -0.153
202309 0.080 151.492 0.087
202312 0.150 152.924 0.161
202403 0.040 153.035 0.043
202406 -0.030 155.789 -0.032
202409 0.170 157.882 0.177
202412 0.200 158.323 0.208
202503 0.250 157.552 0.261
202506 -0.150 159.755 -0.154
202509 -0.010 162.289 -0.010
202512 0.180 163.281 0.181
202603 0.300 164.272 0.300

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 ₹0.77 mean?
Gagan Gases (BOM:524624) has a E10 of ₹0.77 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Gagan Gases and its competitors.
Is Gagan Gases' E10 too high?
Gagan Gases' current E10 is ₹0.77. Overall, Gagan Gases has a GF Score™ of 78/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Gagan Gases' E10 compare to VLO and MPC?
Gagan Gases' E10 of ₹0.77 can be compared against companies in the Oil & Gas 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 an Oil & Gas company?
A good E10 depends on the Oil & Gas 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 Gagan Gases and its competitors. Gagan Gases's current E10 is ₹0.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gagan Gases stock overvalued right now?
Based on GuruFocus' analysis, Gagan Gases (BOM:524624) is currently considered Possible Value Trap. The stock's GF Value™ is ₹37.35, compared to a current price of ₹19.87 — trading 46.8% below its estimated fair value. The current E10 is ₹0.77. Gagan Gases' overall GF Score™ is 78/100 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 Gagan Gases (BOM:524624), the current E10 is ₹0.77 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 Gagan Gases (BOM:524624) Overvalued in 2026?

Based on GuruFocus' analysis, Gagan Gases stock appears to be undervalued. The current stock price of ₹19.87 is trading 46.8% below its estimated GF Value™ of ₹37.35. GuruFocus considers Gagan Gases to be Possible Value Trap.

Key valuation signals for BOM:524624:

  • E10: ₹0.77
  • GF Value™: ₹37.35 vs. price of ₹19.87 (46.8% below fair value)
  • GF Score™: 78/100 with 5 warning signs

No single metric tells the full story. See the BOM:524624 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Gagan Gases Business Description

Industry EnergyOil & Gas
Address Scheme No. 78, Plot no 40, Part 2, Vijaynagar, Indore, MP, IND, 452010
Gagan Gases Ltd is an India-based company engaged in the distribution of LPG in the private sector and operates a LPG bottling plant at Pithampur. It is also engaged in providing LPG bottling assistance to other companies.
78GF Score

Get the complete analysis for BOM:524624

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

₹19.87
Price
₹37.35
GF Value