IGI Holdings (KAR:IGIHL) E10: ₨21.13 (As of Mar. 2026)

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Director of Data and Quant Analytics at GuruFocus
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KAR:IGIHL IGI Holdings Ltd KAR:IGIHL
69 GF Score
Price ₨278.54
GF Value ₨192.45
Valuation Significantly Overvalued
! 2 Warning Signs
View Full Analysis

What is IGI Holdings E10?

IGI Holdings KAR:IGIHL +0.92% 69 E10 is ₨21.13 as of Mar. 2026. GuruFocus rates KAR:IGIHL with a GF Score™ of 69/100 and a GF Value™ of ₨192.45 (Significantly 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 Mar. 2026 was ₨2.400. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₨21.13 for the trailing ten years ended in Mar. 2026.

During the past 12 months, IGI Holdings's average E10 Growth Rate was 10.70% 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 (2026-08-07), IGI Holdings's current stock price is ₨278.54. IGI Holdings's E10 for the quarter that ended in Mar. 2026 was ₨21.13. IGI Holdings's Shiller PE Ratio of today is 13.18.

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 8.56.


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.

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

Shiller PE Ratio=Share Price/E10
=278.54/21.13
=13.18

* 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 IGI Holdings was 18.38. The lowest was 4.29. And the median was 8.56.


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 13.51 16.35 18.90 18.60 20.89

IGI Holdings 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 19.08 18.19 19.00 20.89 21.13

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
69GF 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 Mar. 2026 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=2.4/330.2130*330.2130
=2.400

Current CPI (Mar. 2026) = 330.2130.

IGI Holdings Quarterly Data

per share eps CPI Adj_EPS
201606 3.270 241.018 4.480
201609 3.409 241.428 4.663
201612 7.957 241.432 10.883
201703 3.626 243.801 4.911
201706 8.278 244.955 11.159
201709 11.096 246.819 14.845
201712 7.272 246.524 9.741
201803 1.760 249.554 2.329
201806 2.200 251.989 2.883
201809 3.660 252.439 4.788
201812 -0.666 251.233 -0.875
201903 2.260 254.202 2.936
201906 -0.383 256.143 -0.494
201909 3.186 256.759 4.097
201912 -0.293 256.974 -0.377
202003 0.301 258.115 0.385
202006 2.231 257.797 2.858
202009 4.659 260.280 5.911
202012 4.989 260.474 6.325
202103 3.630 264.877 4.525
202106 3.980 271.696 4.837
202109 5.580 274.310 6.717
202112 5.380 278.802 6.372
202203 6.440 287.504 7.397
202206 4.870 296.311 5.427
202209 7.240 296.808 8.055
202212 1.590 296.797 1.769
202303 2.950 301.836 3.227
202306 11.130 305.109 12.046
202309 7.190 307.789 7.714
202312 5.980 306.746 6.437
202403 3.120 312.332 3.299
202406 3.770 314.175 3.962
202409 3.610 315.301 3.781
202412 -5.610 315.605 -5.870
202503 3.470 319.799 3.583
202506 -0.630 322.561 -0.645
202509 11.810 324.800 12.007
202512 22.390 324.054 22.816
202603 2.400 330.213 2.400

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 ₨21.13 mean?
IGI Holdings (KAR:IGIHL) has a E10 of ₨21.13 as of Mar. 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 ₨21.13. Overall, IGI Holdings has a GF Score™ of 69/100 and is considered Significantly 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 ₨21.13 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 ₨21.13. 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 Significantly Overvalued. The stock's GF Value™ is ₨192.45, compared to a current price of ₨278.54 — trading 44.7% above its estimated fair value. The current E10 is ₨21.13. IGI Holdings' overall GF Score™ is 69/100 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 ₨21.13 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 IGI Holdings (KAR:IGIHL) Overvalued in 2026?

Based on GuruFocus' analysis, IGI Holdings stock appears to be overvalued. The current stock price of ₨278.54 is trading 44.7% above its estimated GF Value™ of ₨192.45. GuruFocus considers IGI Holdings to be Significantly Overvalued.

Key valuation signals for KAR:IGIHL:

  • E10: ₨21.13
  • GF Value™: ₨192.45 vs. price of ₨278.54 (44.7% above fair value)
  • GF Score™: 69/100 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.
69GF 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.

₨278.54
Price
₨192.45
GF Value