Attock Refinery (KAR:ATRL) E10: ₨96.75 (As of Mar. 2026)


KAR:ATRL Attock Refinery Ltd KAR:ATRL
79 GF Score
Price ₨889.40
GF Value ₨507.94
Valuation Significantly Overvalued
! 6 Warning Signs
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What is Attock Refinery E10?

Attock Refinery KAR:ATRL 79 E10 is ₨96.75 as of Mar. 2026. GuruFocus rates KAR:ATRL with a GF Score™ of 79/100 and a GF Value™ of ₨507.94 (Significantly Overvalued). The stock has 6 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.

Attock Refinery's adjusted earnings per share data for the three months ended in Mar. 2026 was ₨118.790. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₨96.75 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Attock Refinery's average E10 Growth Rate was 28.30% per year. During the past 3 years, the average E10 Growth Rate was 48.00% 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 Attock Refinery was 81.40% per year. The lowest was 48.00% per year. And the median was 64.70% per year.

As of today (2026-06-27), Attock Refinery's current stock price is ₨889.40. Attock Refinery's E10 for the quarter that ended in Mar. 2026 was ₨96.75. Attock Refinery's Shiller PE Ratio of today is 9.19.

During the past 13 years, the highest Shiller PE Ratio of Attock Refinery was 22.09. The lowest was 3.68. And the median was 7.33.


Attock Refinery  (KAR:ATRL) 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.

Attock Refinery's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=889.40/96.75
=9.19

* 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 Attock Refinery was 22.09. The lowest was 3.68. And the median was 7.33.


Be Aware

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


Attock Refinery E10 Related Terms


Attock Refinery E10 Historical Data

* Premium members only.

The historical data trend for Attock Refinery'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.

Attock Refinery E10 Chart

Attock Refinery Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.57 24.05 46.67 69.05 77.90

Attock Refinery 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 75.41 77.90 80.93 83.33 96.75

KAR:ATRL vs VLO, MPC, PSX: E10 Comparison

For the Oil & Gas Refining & Marketing subindustry, Attock Refinery'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.


Attock Refinery Shiller PE Ratio vs Oil & Gas Industry

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

* The bar in red indicates where Attock Refinery's Shiller PE Ratio falls into.


KAR:ATRL
79GF Score
Attock Refinery Ltd KAR:ATRL
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Attock Refinery 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, Attock Refinery'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)
=118.79/330.2130*330.2130
=118.790

Current CPI (Mar. 2026) = 330.2130.

Attock Refinery Quarterly Data

per share eps CPI Adj_EPS
201606 26.616 241.018 36.466
201609 6.536 241.428 8.940
201612 19.064 241.432 26.074
201703 4.920 243.801 6.664
201706 39.030 244.955 52.615
201709 11.460 246.819 15.332
201712 1.450 246.524 1.942
201803 0.190 249.554 0.251
201806 -0.070 251.989 -0.092
201809 -1.970 252.439 -2.577
201812 -24.420 251.233 -32.097
201903 -2.000 254.202 -2.598
201906 -52.390 256.143 -67.540
201909 3.150 256.759 4.051
201912 -10.840 256.974 -13.929
202003 -10.020 258.115 -12.819
202006 -26.240 257.797 -33.611
202009 -5.270 260.280 -6.686
202012 -0.830 260.474 -1.052
202103 1.250 264.877 1.558
202106 10.860 271.696 13.199
202109 4.360 274.310 5.249
202112 20.770 278.802 24.600
202203 26.700 287.504 30.666
202206 72.660 296.311 80.973
202209 70.510 296.808 78.446
202212 75.560 296.797 84.067
202303 86.030 301.836 94.118
202306 52.430 305.109 56.744
202309 115.380 307.789 123.786
202312 49.320 306.746 53.093
202403 51.600 312.332 54.554
202406 18.660 314.175 19.613
202409 34.830 315.301 36.477
202412 36.460 315.605 38.148
202503 -9.060 319.799 -9.355
202506 21.700 322.561 22.215
202509 22.520 324.800 22.895
202512 37.620 324.054 38.335
202603 118.790 330.213 118.790

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 ₨96.75 mean?
Attock Refinery (KAR:ATRL) has a E10 of ₨96.75 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Attock Refinery and its competitors.
Is Attock Refinery's E10 too high?
Attock Refinery's current E10 is ₨96.75. Overall, Attock Refinery has a GF Score™ of 79/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Attock Refinery's E10 compare to VLO and MPC?
Attock Refinery's E10 of ₨96.75 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 Attock Refinery and its competitors. Attock Refinery's current E10 is ₨96.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Attock Refinery stock overvalued right now?
Based on GuruFocus' analysis, Attock Refinery (KAR:ATRL) is currently considered Significantly Overvalued. The stock's GF Value™ is ₨507.94, compared to a current price of ₨889.40 — trading 75.1% above its estimated fair value. The current E10 is ₨96.75. Attock Refinery's overall GF Score™ is 79/100 with 6 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 Attock Refinery (KAR:ATRL), the current E10 is ₨96.75 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 Attock Refinery (KAR:ATRL) Overvalued in 2026?

Based on GuruFocus' analysis, Attock Refinery stock appears to be overvalued. The current stock price of ₨889.40 is trading 75.1% above its estimated GF Value™ of ₨507.94. GuruFocus considers Attock Refinery to be Significantly Overvalued.

Key valuation signals for KAR:ATRL:

  • E10: ₨96.75
  • GF Value™: ₨507.94 vs. price of ₨889.40 (75.1% above fair value)
  • GF Score™: 79/100 with 6 warning signs

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


Attock Refinery Business Description

Industry EnergyOil & Gas
Address The Refinery, P.O, Morgah, Rawalpindi, PB, PAK
Attock Refinery Ltd is a Pakistan-based oil refining company. It is engaged in refining crude oil and supplying refined petroleum products. Its products include liquefied petroleum gas (LPG), naphtha, kerosene oil, high-speed diesel, furnace fuel oil, jet petroleum, motor gasoline, and light diesel oil. The company mainly operates in Pakistan. The company generates the majority of its revenue from High Speed Diesel and Premier Motor Gasoline products.
79GF Score

Get the complete analysis for KAR:ATRL

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

₨889.40
Price
₨507.94
GF Value