Ghani Glass (KAR:GHGL) E10: ₨5.44 (As of Mar. 2026)


KAR:GHGL Ghani Glass Ltd KAR:GHGL
84 GF Score
Price ₨38.78
GF Value ₨32.26
Valuation Modestly Overvalued
! 1 Warning Sign
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What is Ghani Glass E10?

Ghani Glass KAR:GHGL 84 E10 is ₨5.44 as of Mar. 2026. GuruFocus rates KAR:GHGL with a GF Score™ of 84/100 and a GF Value™ of ₨32.26 (Modestly Overvalued). The stock has 1 warning sign 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.

Ghani Glass's adjusted earnings per share data for the three months ended in Mar. 2026 was ₨2.290. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₨5.44 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Ghani Glass's average E10 Growth Rate was 7.50% 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.

As of today (2026-06-29), Ghani Glass's current stock price is ₨38.78. Ghani Glass's E10 for the quarter that ended in Mar. 2026 was ₨5.44. Ghani Glass's Shiller PE Ratio of today is 7.13.

During the past 13 years, the highest Shiller PE Ratio of Ghani Glass was 9.58. The lowest was 5.03. And the median was 6.59.


Ghani Glass  (KAR:GHGL) 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.

Ghani Glass's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=38.78/5.44
=7.13

* 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 Ghani Glass was 9.58. The lowest was 5.03. And the median was 6.59.


Be Aware

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


Ghani Glass E10 Related Terms


Ghani Glass E10 Historical Data

* Premium members only.

The historical data trend for Ghani Glass'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.

Ghani Glass E10 Chart

Ghani Glass 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 0.00 0.00 4.04 4.68 5.13

Ghani Glass 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 5.06 5.13 5.18 5.21 5.44

KAR:GHGL vs SW, PKG, IP: E10 Comparison

For the Packaging & Containers subindustry, Ghani Glass'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.


Ghani Glass Shiller PE Ratio vs Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Ghani Glass's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Ghani Glass's Shiller PE Ratio falls into.


KAR:GHGL
84GF Score
Ghani Glass Ltd KAR:GHGL
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ghani Glass 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, Ghani Glass'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)
=2.29/330.2130*330.2130
=2.290

Current CPI (Mar. 2026) = 330.2130.

Ghani Glass Quarterly Data

per share eps CPI Adj_EPS
201606 0.712 241.018 0.975
201609 0.465 241.428 0.636
201612 0.595 241.432 0.814
201703 0.782 243.801 1.059
201706 1.019 244.955 1.374
201709 0.540 246.819 0.722
201712 1.048 246.524 1.404
201803 0.793 249.554 1.049
201806 1.060 251.989 1.389
201809 0.538 252.439 0.704
201812 1.685 251.233 2.215
201903 0.735 254.202 0.955
201906 0.892 256.143 1.150
201909 0.620 256.759 0.797
201912 0.266 256.974 0.342
202003 0.605 258.115 0.774
202006 0.143 257.797 0.183
202009 0.630 260.280 0.799
202012 1.343 260.474 1.703
202103 0.932 264.877 1.162
202106 0.336 271.696 0.408
202109 0.932 274.310 1.122
202112 1.872 278.802 2.217
202203 1.914 287.504 2.198
202206 1.331 296.311 1.483
202209 1.150 296.808 1.279
202212 2.500 296.797 2.781
202303 2.700 301.836 2.954
202306 1.620 305.109 1.753
202309 1.400 307.789 1.502
202312 1.820 306.746 1.959
202403 1.710 312.332 1.808
202406 1.820 314.175 1.913
202409 0.930 315.301 0.974
202412 1.810 315.605 1.894
202503 1.650 319.799 1.704
202506 1.510 322.561 1.546
202509 0.710 324.800 0.722
202512 1.690 324.054 1.722
202603 2.290 330.213 2.290

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 ₨5.44 mean?
Ghani Glass (KAR:GHGL) has a E10 of ₨5.44 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Ghani Glass and its competitors.
Is Ghani Glass' E10 too high?
Ghani Glass' current E10 is ₨5.44. Overall, Ghani Glass has a GF Score™ of 84/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ghani Glass' E10 compare to SW and PKG?
Ghani Glass' E10 of ₨5.44 can be compared against companies in the Packaging & Containers 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 Packaging & Containers company?
A good E10 depends on the Packaging & Containers 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 Ghani Glass and its competitors. Ghani Glass's current E10 is ₨5.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ghani Glass stock overvalued right now?
Based on GuruFocus' analysis, Ghani Glass (KAR:GHGL) is currently considered Modestly Overvalued. The stock's GF Value™ is ₨32.26, compared to a current price of ₨38.78 — trading 20.2% above its estimated fair value. The current E10 is ₨5.44. Ghani Glass' overall GF Score™ is 84/100 with 1 warning sign 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 Ghani Glass (KAR:GHGL), the current E10 is ₨5.44 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 Ghani Glass (KAR:GHGL) Overvalued in 2026?

Based on GuruFocus' analysis, Ghani Glass stock appears to be overvalued. The current stock price of ₨38.78 is trading 20.2% above its estimated GF Value™ of ₨32.26. GuruFocus considers Ghani Glass to be Modestly Overvalued.

Key valuation signals for KAR:GHGL:

  • E10: ₨5.44
  • GF Value™: ₨32.26 vs. price of ₨38.78 (20.2% above fair value)
  • GF Score™: 84/100 with 1 warning sign

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


Ghani Glass Business Description

Address 40-L Model Town Extension, Ghani Complex, Lahore, PB, PAK
Ghani Glass Ltd is involved in manufacturing and selling float and container glass products in Pakistan. The company offers clear, green, brown, reflective, blue, grey, and figured glass products. It also provides amber and clear pharmaceutical glass containers, flint and green beverages glass containers, and clear food glass containers. Geographically, it derives a majority of its revenue from Pakistan.
84GF Score

Get the complete analysis for KAR:GHGL

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

₨38.78
Price
₨32.26
GF Value