IGI Holdings (KAR:IGIHL) E10: ₨ (As of Jun. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

KAR:IGIHL IGI Holdings Ltd KAR:IGIHL
68 GF Score
Price ₨242.55
GF Value ₨202.98
Valuation Modestly Overvalued
! 2 Warning Signs
View Full Analysis

What is IGI Holdings E10?

IGI Holdings KAR:IGIHL +1.66% 68 E10 is ₨ as of Jun. 2026. GuruFocus rates KAR:IGIHL with a GF Score™ of 68/100 and a GF Value™ of ₨202.98 (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.

IGI Holdings's adjusted earnings per share data for the three months ended in Jun. 2026 was ₨16.746. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is for the trailing ten years ended in Jun. 2026.

During the past 12 months, IGI Holdings's average E10 Growth Rate was 24.20% per year. During the past 3 years, the average E10 Growth Rate was 8.50% 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.

During the past 13 years, the highest 3-Year average E10 Growth Rate of IGI Holdings was 11.20% per year. The lowest was 8.50% per year. And the median was 9.85% per year.

As of today (2026-09-22), IGI Holdings's current stock price is ₨242.55. IGI Holdings's E10 for the quarter that ended in Jun. 2026 was . IGI Holdings's Shiller PE Ratio of today is .

During the past 13 years, the highest Shiller PE Ratio of IGI Holdings was 18.38. The lowest was 4.29. And the median was 8.59.


IGI Holdings  (KAR:IGIHL) 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.

During the past 13 years, the highest Shiller P/E Ratio of IGI Holdings was 18.38. The lowest was 4.29. And the median was 8.59.


Be Aware

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


IGI Holdings E10 Related Terms


IGI Holdings E10 Historical Data

* Premium members only.

The historical data trend for IGI 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.

IGI Holdings E10 Chart

IGI Holdings 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 - - - - -

IGI Holdings Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 - - - - -

KAR:IGIHL vs CB, PGR, TRV: E10 Comparison

For the Insurance - Property & Casualty subindustry, IGI 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.


IGI Holdings Shiller PE Ratio vs Insurance Industry

For the Insurance industry and Financial Services sector, IGI Holdings's Shiller PE Ratio distribution charts can be found below:

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


KAR:IGIHL
68GF Score
IGI Holdings Ltd KAR:IGIHL
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

IGI 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, IGI Holdings's adjusted earnings per share data for the three months ended in Jun. 2026 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=16.7455/333.9520*333.9520
=16.746

Current CPI (Jun. 2026) = 333.9520.

IGI Holdings Quarterly Data

per share eps CPI Adj_EPS
201609 3.409 241.428 4.715
201612 7.957 241.432 11.006
201703 3.626 243.801 4.967
201706 8.261 244.955 11.262
201709 11.096 246.819 15.013
201712 5.635 246.524 7.633
201803 1.748 249.554 2.339
201806 2.191 251.989 2.904
201809 3.183 252.439 4.210
201812 -0.650 251.233 -0.864
201903 2.287 254.202 3.004
201906 -0.383 256.143 -0.499
201909 3.186 256.759 4.144
201912 -0.293 256.974 -0.380
202003 0.301 258.115 0.390
202006 2.231 257.797 2.889
202009 4.659 260.280 5.978
202012 4.990 260.474 6.397
202103 3.630 264.877 4.577
202106 3.985 271.696 4.898
202109 5.582 274.310 6.796
202112 5.384 278.802 6.449
202203 6.439 287.504 7.480
202206 4.872 296.311 5.491
202209 7.237 296.808 8.142
202212 1.589 296.797 1.788
202303 2.949 301.836 3.262
202306 11.134 305.109 12.187
202309 7.188 307.789 7.799
202312 5.981 306.746 6.512
202403 3.116 312.332 3.332
202406 3.768 314.175 4.005
202409 3.611 315.301 3.824
202412 -5.615 315.605 -5.942
202503 3.472 319.799 3.626
202506 -0.634 322.561 -0.657
202509 11.456 324.800 11.778
202512 22.389 324.054 23.073
202603 2.400 330.213 2.427
202606 16.746 333.952 16.746

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 ₨ mean?
IGI Holdings (KAR:IGIHL) has a E10 of ₨ as of Jun. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on IGI Holdings and its competitors.
Is IGI Holdings' E10 too high?
IGI Holdings' current E10 is ₨. Overall, IGI Holdings has a GF Score™ of 68/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does IGI Holdings' E10 compare to CB and PGR?
IGI Holdings' E10 of ₨ 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 IGI Holdings and its competitors. IGI Holdings's current E10 is ₨. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is IGI Holdings stock overvalued right now?
Based on GuruFocus' analysis, IGI Holdings (KAR:IGIHL) is currently considered Modestly Overvalued. The stock's GF Value™ is ₨202.98, compared to a current price of ₨242.55 — trading 19.5% above its estimated fair value. The current E10 is ₨. IGI Holdings' overall GF Score™ is 68/100 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 IGI Holdings (KAR:IGIHL), the current E10 is ₨ as of Jun. 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 IGI Holdings (KAR:IGIHL) Overvalued in 2026?

Based on GuruFocus' analysis, IGI Holdings stock appears to be overvalued. The current stock price of ₨242.55 is trading 19.5% above its estimated GF Value™ of ₨202.98. GuruFocus considers IGI Holdings to be Modestly Overvalued.

Key valuation signals for KAR:IGIHL:

  • E10:
  • GF Value™: ₨202.98 vs. price of ₨242.55 (19.5% above fair value)
  • GF Score™: 68/100 with 2 warning signs

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


IGI Holdings Business Description

Address The Forum, Suite 701-713, G-20, Block 9, 7th Floor, Khayaban-e-Jami, Clifton, Karachi, PAK, 75600
IGI Holdings Ltd is a general insurance company along with its subsidiary, which provides home insurance, travel insurance, auto insurance, health insurance, fire insurance, marine insurance, motor insurance, and other insurance services. The company also acts as an investment holding company. It operates and manages separately to the nature of the services of Non-Life Insurance, which includes Fire and property insurance; Marine, aviation, and transport insurance; Motor insurance; Accident and health insurance, Miscellaneous insurance, and Life Insurance, which includes The Life (participating) segment and The Life (non-participating) segment.
68GF Score

Get the complete analysis for KAR:IGIHL

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

₨242.55
Price
₨202.98
GF Value