Invicta Holdings (JSE:IVT) E10: R3.68 (As of Sep. 2025)


JSE:IVT Invicta Holdings Ltd JSE:IVT
86 GF Score
Price R36.50
GF Value R39.12
Valuation Fairly Valued
! 4 Warning Signs
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What is Invicta Holdings E10?

Invicta Holdings JSE:IVT 86 E10 is R3.68 as of Sep. 2025. GuruFocus rates JSE:IVT with a GF Score™ of 86/100 and a GF Value™ of R39.12 (Fairly Valued). The stock has 4 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.

Invicta Holdings's adjusted earnings per share data for the fiscal year that ended in Mar. 2025 was R7.710. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is R3.68 for the trailing ten years ended in Mar. 2025.

During the past 3 years, the average E10 Growth Rate was -9.40% per year. During the past 5 years, the average E10 Growth Rate was -6.20% per year. During the past 10 years, the average E10 Growth Rate was -5.20% 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 Invicta Holdings was 9.50% per year. The lowest was -9.40% per year. And the median was -5.80% per year.

As of today (2026-06-29), Invicta Holdings's current stock price is R 36.50. Invicta Holdings's E10 for the fiscal year that ended in Mar. 2025 was R3.68. Invicta Holdings's Shiller PE Ratio of today is 9.92.

During the past 13 years, the highest Shiller PE Ratio of Invicta Holdings was 12.14. The lowest was 0.81. And the median was 6.23.


Invicta Holdings  (JSE:IVT) 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.

Invicta Holdings's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=36.50/3.68
=9.92

* 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 Invicta Holdings was 12.14. The lowest was 0.81. And the median was 6.23.


Be Aware

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


Invicta Holdings E10 Related Terms


Invicta Holdings E10 Historical Data

* Premium members only.

The historical data trend for Invicta Holdings'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.

Invicta Holdings E10 Chart

Invicta Holdings Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.78 4.95 4.41 4.00 3.68

Invicta Holdings Semi-Annual Data
Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25
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 4.00 0.00 3.68 0.00

JSE:IVT vs GWW, FAST, FERG: E10 Comparison

For the Industrial Distribution subindustry, Invicta Holdings'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.


Invicta Holdings Shiller PE Ratio vs Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, Invicta Holdings's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Invicta Holdings's Shiller PE Ratio falls into.


JSE:IVT
86GF Score
Invicta Holdings Ltd JSE:IVT
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
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Invicta Holdings 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, Invicta Holdings's adjusted earnings per share data for the fiscal year that ended in Mar. 2025 was:

Adj_EPS=Earnings per Share (Diluted) /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=7.71/159.7275*159.7275
=7.710

Current CPI (Mar. 2025) = 159.7275.

Invicta Holdings Annual Data

per_share_eps CPI Adj_EPS
201603 3.960 104.969 6.026
201703 4.990 111.400 7.155
201803 0.780 115.542 1.078
201903 1.260 120.774 1.666
202003 -7.120 125.679 -9.049
202103 2.770 129.628 3.413
202203 7.410 137.594 8.602
202303 4.790 147.586 5.184
202403 4.920 155.483 5.054
202503 7.710 159.728 7.710

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 R3.68 mean?
Invicta Holdings (JSE:IVT) has a E10 of R3.68 as of Sep. 2025. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Invicta Holdings and its competitors.
Is Invicta Holdings' E10 too high?
Invicta Holdings' current E10 is R3.68. Overall, Invicta Holdings has a GF Score™ of 86/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Invicta Holdings' E10 compare to GWW and FAST?
Invicta Holdings' E10 of R3.68 can be compared against companies in the Industrial Distribution 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 Industrial Distribution company?
A good E10 depends on the Industrial Distribution 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 Invicta Holdings and its competitors. Invicta Holdings's current E10 is R3.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Invicta Holdings stock overvalued right now?
Based on GuruFocus' analysis, Invicta Holdings (JSE:IVT) is currently considered Fairly Valued. The stock's GF Value™ is R39.12, compared to a current price of R36.50 — trading 6.7% below its estimated fair value. The current E10 is R3.68. Invicta Holdings' overall GF Score™ is 86/100 with 4 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 Invicta Holdings (JSE:IVT), the current E10 is R3.68 as of Sep. 2025. 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 Invicta Holdings (JSE:IVT) Overvalued in 2026?

Based on GuruFocus' analysis, Invicta Holdings stock appears to be undervalued. The current stock price of R36.50 is trading 6.7% below its estimated GF Value™ of R39.12. GuruFocus considers Invicta Holdings to be Fairly Valued.

Key valuation signals for JSE:IVT:

  • E10: R3.68
  • GF Value™: R39.12 vs. price of R36.50 (6.7% below fair value)
  • GF Score™: 86/100 with 4 warning signs

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


Invicta Holdings Business Description

Other Exchanges IVCHF:USAI5J:Germany
Address 3 Droste Crescent, Droste Park Extension 7, Jeppestown, Johannesburg, GT, ZAF, 2001
Invicta Holdings Ltd is an investment holding management company. The company's segment includes Replacement Parts, Services, and Solutions for Earth-Moving Equipment (RPE), Industrial sectors (RPI), and Auto-Agri applications (RPA), along with Kian Ann Group (KAG). It also offers Capital Equipment and Related Parts and Services which Kian Ann Group supports. It earns the majority of the revenue from RPI Industrial segment.
86GF Score

Get the complete analysis for JSE:IVT

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

R36.50
Price
R39.12
GF Value