Gharibwal Cement (KAR:GWLC) E10: ₨4.64 (As of Mar. 2026)

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Founder & CEO of GuruFocus
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KAR:GWLC Gharibwal Cement Ltd KAR:GWLC
91 GF Score
Price ₨48.75
GF Value ₨42.91
Valuation Modestly Overvalued
! 2 Warning Signs
View Full Analysis

What is Gharibwal Cement E10?

Gharibwal Cement KAR:GWLC +1.50% 91 E10 is ₨4.64 as of Mar. 2026. GuruFocus rates KAR:GWLC with a GF Score™ of 91/100 and a GF Value™ of ₨42.91 (Modestly Overvalued). The stock has 2 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.

Gharibwal Cement's adjusted earnings per share data for the three months ended in Mar. 2026 was ₨1.320. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₨4.64 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Gharibwal Cement's average E10 Growth Rate was 2.70% per year. During the past 3 years, the average E10 Growth Rate was 3.90% 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 Gharibwal Cement was 3.90% per year. The lowest was 3.90% per year. And the median was 3.90% per year.

As of today (2026-07-15), Gharibwal Cement's current stock price is ₨48.75. Gharibwal Cement's E10 for the quarter that ended in Mar. 2026 was ₨4.64. Gharibwal Cement's Shiller PE Ratio of today is 10.51.

During the past 13 years, the highest Shiller PE Ratio of Gharibwal Cement was 15.45. The lowest was 3.37. And the median was 6.60.


Gharibwal Cement  (KAR:GWLC) 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.

Gharibwal Cement's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=48.75/4.64
=10.51

* 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 Gharibwal Cement was 15.45. The lowest was 3.37. And the median was 6.60.


Be Aware

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


Gharibwal Cement E10 Related Terms


Gharibwal Cement E10 Historical Data

* Premium members only.

The historical data trend for Gharibwal Cement'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.

Gharibwal Cement E10 Chart

Gharibwal Cement 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 4.14 4.13 4.40 4.64

Gharibwal Cement 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 4.52 4.64 4.60 4.62 4.64

KAR:GWLC vs CRH, VMC, MLM: E10 Comparison

For the Building Materials subindustry, Gharibwal Cement'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.


Gharibwal Cement Shiller PE Ratio vs Building Materials Industry

For the Building Materials industry and Basic Materials sector, Gharibwal Cement's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Gharibwal Cement's Shiller PE Ratio falls into.


KAR:GWLC
91GF Score
Gharibwal Cement Ltd KAR:GWLC
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Gharibwal Cement 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, Gharibwal Cement'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)
=1.32/330.2130*330.2130
=1.320

Current CPI (Mar. 2026) = 330.2130.

Gharibwal Cement Quarterly Data

per share eps CPI Adj_EPS
201606 2.740 241.018 3.754
201609 1.110 241.428 1.518
201612 1.670 241.432 2.284
201703 1.470 243.801 1.991
201706 1.460 244.955 1.968
201709 0.750 246.819 1.003
201712 1.130 246.524 1.514
201803 0.620 249.554 0.820
201806 1.270 251.989 1.664
201809 0.670 252.439 0.876
201812 0.810 251.233 1.065
201903 0.570 254.202 0.740
201906 -0.210 256.143 -0.271
201909 -0.590 256.759 -0.759
201912 -0.030 256.974 -0.039
202003 -0.740 258.115 -0.947
202006 1.680 257.797 2.152
202009 0.660 260.280 0.837
202012 1.090 260.474 1.382
202103 1.200 264.877 1.496
202106 0.930 271.696 1.130
202109 0.970 274.310 1.168
202112 2.150 278.802 2.546
202203 1.120 287.504 1.286
202206 -0.850 296.311 -0.947
202209 1.090 296.808 1.213
202212 1.730 296.797 1.925
202303 1.370 301.836 1.499
202306 -1.110 305.109 -1.201
202309 1.020 307.789 1.094
202312 0.690 306.746 0.743
202403 1.390 312.332 1.470
202406 1.240 314.175 1.303
202409 1.340 315.301 1.403
202412 0.630 315.605 0.659
202503 1.170 319.799 1.208
202506 2.370 322.561 2.426
202509 0.690 324.800 0.701
202512 2.370 324.054 2.415
202603 1.320 330.213 1.320

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 ₨4.64 mean?
Gharibwal Cement (KAR:GWLC) has a E10 of ₨4.64 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Gharibwal Cement and its competitors.
Is Gharibwal Cement's E10 too high?
Gharibwal Cement's current E10 is ₨4.64. Overall, Gharibwal Cement has a GF Score™ of 91/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Gharibwal Cement's E10 compare to CRH and VMC?
Gharibwal Cement's E10 of ₨4.64 can be compared against companies in the Building Materials 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 Building Materials company?
A good E10 depends on the Building Materials 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 Gharibwal Cement and its competitors. Gharibwal Cement's current E10 is ₨4.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gharibwal Cement stock overvalued right now?
Based on GuruFocus' analysis, Gharibwal Cement (KAR:GWLC) is currently considered Modestly Overvalued. The stock's GF Value™ is ₨42.91, compared to a current price of ₨48.75 — trading 13.6% above its estimated fair value. The current E10 is ₨4.64. Gharibwal Cement's overall GF Score™ is 91/100 with 2 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 Gharibwal Cement (KAR:GWLC), the current E10 is ₨4.64 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 Gharibwal Cement (KAR:GWLC) Overvalued in 2026?

Based on GuruFocus' analysis, Gharibwal Cement stock appears to be overvalued. The current stock price of ₨48.75 is trading 13.6% above its estimated GF Value™ of ₨42.91. GuruFocus considers Gharibwal Cement to be Modestly Overvalued.

Key valuation signals for KAR:GWLC:

  • E10: ₨4.64
  • GF Value™: ₨42.91 vs. price of ₨48.75 (13.6% above fair value)
  • GF Score™: 91/100 with 2 warning signs

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


Gharibwal Cement Business Description

Address 27 H-Block, College Road, Gulberg-II, 1st Floor, Pace Tower, Lahore, PB, PAK
Gharibwal Cement Ltd is engaged in the production and sale of cement. The firm offers Ordinary Portland Cement (OPC) that is used in all general constructions, especially in prominent projects where cement is needed to meet strict quality requirements.
91GF Score

Get the complete analysis for KAR:GWLC

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

₨48.75
Price
₨42.91
GF Value