National General Insurance Co PSC (DFM:NGI) E10: د.إ0.43 (As of Mar. 2026)


DFM:NGI National General Insurance Co PSC DFM:NGI
76 GF Score
Price د.إ5.80
GF Value د.إ6.65
Valuation Modestly Undervalued
! 3 Warning Signs
View Full Analysis

What is National General Insurance Co PSC E10?

National General Insurance Co PSC DFM:NGI 76 E10 is د.إ0.43 as of Mar. 2026. GuruFocus rates DFM:NGI with a GF Score™ of 76/100 and a GF Value™ of د.إ6.65 (Modestly Undervalued). The stock has 3 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.

National General Insurance Co PSC's adjusted earnings per share data for the three months ended in Mar. 2026 was د.إ0.110. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is د.إ0.43 for the trailing ten years ended in Mar. 2026.

During the past 12 months, National General Insurance Co PSC's average E10 Growth Rate was 16.20% per year. During the past 3 years, the average E10 Growth Rate was 13.10% 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 National General Insurance Co PSC was 13.10% per year. The lowest was 11.50% per year. And the median was 12.30% per year.

As of today (2026-07-03), National General Insurance Co PSC's current stock price is د.إ5.80. National General Insurance Co PSC's E10 for the quarter that ended in Mar. 2026 was د.إ0.43. National General Insurance Co PSC's Shiller PE Ratio of today is 13.49.

During the past 13 years, the highest Shiller PE Ratio of National General Insurance Co PSC was 19.19. The lowest was 8.65. And the median was 13.80.


National General Insurance Co PSC  (DFM:NGI) 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.

National General Insurance Co PSC's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=5.80/0.43
=13.49

* 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 National General Insurance Co PSC was 19.19. The lowest was 8.65. And the median was 13.80.


Be Aware

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


National General Insurance Co PSC E10 Related Terms


National General Insurance Co PSC E10 Historical Data

* Premium members only.

The historical data trend for National General Insurance Co PSC'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.

National General Insurance Co PSC E10 Chart

National General Insurance Co PSC Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.26 0.29 0.30 0.36 0.42

National General Insurance Co PSC 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 0.37 0.39 0.41 0.42 0.43

DFM:NGI vs BRK.A, AIG, HIG: E10 Comparison

For the Insurance - Diversified subindustry, National General Insurance Co PSC'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.


National General Insurance Co PSC Shiller PE Ratio vs Insurance Industry

For the Insurance industry and Financial Services sector, National General Insurance Co PSC's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where National General Insurance Co PSC's Shiller PE Ratio falls into.


DFM:NGI
76GF Score
National General Insurance Co PSC DFM:NGI
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

National General Insurance Co PSC 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, National General Insurance Co PSC'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)
=0.11/330.2130*330.2130
=0.110

Current CPI (Mar. 2026) = 330.2130.

National General Insurance Co PSC Quarterly Data

per share eps CPI Adj_EPS
201606 0.027 241.018 0.037
201609 0.064 241.428 0.088
201612 0.045 241.432 0.062
201703 0.055 243.801 0.074
201706 0.055 244.955 0.074
201709 0.055 246.819 0.074
201712 0.073 246.524 0.098
201803 0.055 249.554 0.073
201806 0.055 251.989 0.072
201809 0.136 252.439 0.178
201812 -0.045 251.233 -0.059
201903 0.073 254.202 0.095
201906 0.073 256.143 0.094
201909 0.045 256.759 0.058
201912 -0.082 256.974 -0.105
202003 -0.100 258.115 -0.128
202006 0.109 257.797 0.140
202009 0.155 260.280 0.197
202012 0.109 260.474 0.138
202103 0.136 264.877 0.170
202106 0.073 271.696 0.089
202109 0.127 274.310 0.153
202112 0.091 278.802 0.108
202203 0.173 287.504 0.199
202206 0.012 296.311 0.013
202209 0.136 296.808 0.151
202212 0.045 296.797 0.050
202303 0.027 301.836 0.030
202306 0.110 305.109 0.119
202309 0.240 307.789 0.257
202312 0.070 306.746 0.075
202403 0.180 312.332 0.190
202406 0.310 314.175 0.326
202409 0.170 315.301 0.178
202412 0.110 315.605 0.115
202503 0.220 319.799 0.227
202506 0.300 322.561 0.307
202509 0.120 324.800 0.122
202512 0.080 324.054 0.082
202603 0.110 330.213 0.110

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 د.إ0.43 mean?
National General Insurance Co PSC (DFM:NGI) has a E10 of د.إ0.43 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on National General Insurance Co PSC and its competitors.
Is National General Insurance Co PSC's E10 too high?
National General Insurance Co PSC's current E10 is د.إ0.43. Overall, National General Insurance Co PSC has a GF Score™ of 76/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does National General Insurance Co PSC's E10 compare to BRK.A and AIG?
National General Insurance Co PSC's E10 of د.إ0.43 can be compared against companies in the Insurance 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 Insurance company?
A good E10 depends on the Insurance 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 National General Insurance Co PSC and its competitors. National General Insurance Co PSC's current E10 is د.إ0.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is National General Insurance Co PSC stock overvalued right now?
Based on GuruFocus' analysis, National General Insurance Co PSC (DFM:NGI) is currently considered Modestly Undervalued. The stock's GF Value™ is د.إ6.65, compared to a current price of د.إ5.80 — trading 12.8% below its estimated fair value. The current E10 is د.إ0.43. National General Insurance Co PSC's overall GF Score™ is 76/100 with 3 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 National General Insurance Co PSC (DFM:NGI), the current E10 is د.إ0.43 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 National General Insurance Co PSC (DFM:NGI) Overvalued in 2026?

Based on GuruFocus' analysis, National General Insurance Co PSC stock appears to be undervalued. The current stock price of د.إ5.80 is trading 12.8% below its estimated GF Value™ of د.إ6.65. GuruFocus considers National General Insurance Co PSC to be Modestly Undervalued.

Key valuation signals for DFM:NGI:

  • E10: د.إ0.43
  • GF Value™: د.إ6.65 vs. price of د.إ5.80 (12.8% below fair value)
  • GF Score™: 76/100 with 3 warning signs

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


National General Insurance Co PSC Business Description

Address Port Saeed Street, P.O. Box 154, Levels Ground, 3, 5, 6, NGI House, Dubai, ARE
National General Insurance Co PSC is an insurance service provider. The company operates in two segments namely insurance and investments. Its majority of the revenue is derived from the General Insurance segment. The company products portfolio includes Motor, Marine, Property and Casualty, Construction, Engineering, Life Protection, Savings, Investment and Health or Medical Insurance.
76GF Score

Get the complete analysis for DFM:NGI

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

د.إ5.80
Price
د.إ6.65
GF Value