Indus Motor Co (KAR:INDU) E10: ₨217.74 (As of Mar. 2026)


KAR:INDU Indus Motor Co Ltd KAR:INDU
82 GF Score
Price ₨2,070.34
GF Value ₨2,447.49
Valuation Modestly Undervalued
! 1 Warning Sign
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What is Indus Motor Co E10?

Indus Motor Co KAR:INDU 82 E10 is ₨217.74 as of Mar. 2026. GuruFocus rates KAR:INDU with a GF Score™ of 82/100 and a GF Value™ of ₨2,447.49 (Modestly Undervalued). 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.

Indus Motor Co's adjusted earnings per share data for the three months ended in Mar. 2026 was ₨85.210. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₨217.74 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Indus Motor Co's average E10 Growth Rate was 9.80% per year. During the past 3 years, the average E10 Growth Rate was 9.40% 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 Indus Motor Co was 10.50% per year. The lowest was 9.40% per year. And the median was 9.95% per year.

As of today (2026-06-29), Indus Motor Co's current stock price is ₨2070.34. Indus Motor Co's E10 for the quarter that ended in Mar. 2026 was ₨217.74. Indus Motor Co's Shiller PE Ratio of today is 9.51.

During the past 13 years, the highest Shiller PE Ratio of Indus Motor Co was 11.72. The lowest was 5.09. And the median was 8.86.


Indus Motor Co  (KAR:INDU) 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.

Indus Motor Co's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=2070.34/217.74
=9.51

* 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 Indus Motor Co was 11.72. The lowest was 5.09. And the median was 8.86.


Be Aware

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


Indus Motor Co E10 Related Terms


Indus Motor Co E10 Historical Data

* Premium members only.

The historical data trend for Indus Motor Co'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.

Indus Motor Co E10 Chart

Indus Motor Co 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 136.90 155.61 167.06 184.82 203.59

Indus Motor Co 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 198.29 203.59 208.46 210.43 217.74

KAR:INDU vs TSLA, GM, F: E10 Comparison

For the Auto Manufacturers subindustry, Indus Motor Co'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.


Indus Motor Co Shiller PE Ratio vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Indus Motor Co's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Indus Motor Co's Shiller PE Ratio falls into.


KAR:INDU
82GF Score
Indus Motor Co Ltd KAR:INDU
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Indus Motor Co 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, Indus Motor Co'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)
=85.21/330.2130*330.2130
=85.210

Current CPI (Mar. 2026) = 330.2130.

Indus Motor Co Quarterly Data

per share eps CPI Adj_EPS
201606 33.175 241.018 45.452
201609 38.770 241.428 53.028
201612 38.510 241.432 52.671
201703 53.050 243.801 71.853
201706 35.070 244.955 47.276
201709 46.170 246.819 61.770
201712 47.530 246.524 63.665
201803 54.350 249.554 71.917
201806 52.620 251.989 68.955
201809 44.630 252.439 58.380
201812 43.310 251.233 56.925
201903 42.560 254.202 55.286
201906 43.990 256.143 56.711
201909 16.780 256.759 21.580
201912 12.540 256.974 16.114
202003 34.090 258.115 43.612
202006 1.250 257.797 1.601
202009 23.480 260.280 29.789
202012 37.600 260.474 47.667
202103 45.980 264.877 57.322
202106 56.140 271.696 68.231
202109 69.020 274.310 83.086
202112 60.430 278.802 71.573
202203 65.110 287.504 74.782
202206 6.480 296.311 7.221
202209 16.500 296.808 18.357
202212 16.930 296.797 18.836
202303 40.920 301.836 44.767
202306 48.610 305.109 52.610
202309 40.910 307.789 43.891
202312 22.150 306.746 23.845
202403 56.610 312.332 59.851
202406 72.090 314.175 75.770
202409 64.770 315.301 67.833
202412 61.920 315.605 64.786
202503 83.930 319.799 86.663
202506 82.120 322.561 84.068
202509 85.490 324.800 86.915
202512 76.110 324.054 77.557
202603 85.210 330.213 85.210

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 ₨217.74 mean?
Indus Motor Co (KAR:INDU) has a E10 of ₨217.74 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Indus Motor Co and its competitors.
Is Indus Motor Co's E10 too high?
Indus Motor Co's current E10 is ₨217.74. Overall, Indus Motor Co has a GF Score™ of 82/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Indus Motor Co's E10 compare to TSLA and GM?
Indus Motor Co's E10 of ₨217.74 can be compared against companies in the Vehicles & Parts 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 Vehicles & Parts company?
A good E10 depends on the Vehicles & Parts 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 Indus Motor Co and its competitors. Indus Motor Co's current E10 is ₨217.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Indus Motor Co stock overvalued right now?
Based on GuruFocus' analysis, Indus Motor Co (KAR:INDU) is currently considered Modestly Undervalued. The stock's GF Value™ is ₨2,447.49, compared to a current price of ₨2,070.34 — trading 15.4% below its estimated fair value. The current E10 is ₨217.74. Indus Motor Co's overall GF Score™ is 82/100 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 Indus Motor Co (KAR:INDU), the current E10 is ₨217.74 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 Indus Motor Co (KAR:INDU) Overvalued in 2026?

Based on GuruFocus' analysis, Indus Motor Co stock appears to be undervalued. The current stock price of ₨2,070.34 is trading 15.4% below its estimated GF Value™ of ₨2,447.49. GuruFocus considers Indus Motor Co to be Modestly Undervalued.

Key valuation signals for KAR:INDU:

  • E10: ₨217.74
  • GF Value™: ₨2,447.49 vs. price of ₨2,070.34 (15.4% below fair value)
  • GF Score™: 82/100 with 1 warning sign

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


Indus Motor Co Business Description

Address Plot No. N.W.Z/1/P-1, Port Qasim Authority, Bin Qasim, Karachi, SD, PAK
Indus Motor Co Ltd manufactures and markets Toyota brand vehicles in Pakistan. It offers passenger cars, light commercial vehicles, and sports utility under Corolla, Hilux, and Fortuner brand names. In addition, the company also offers parts, lubricants, and chemicals, as well as after-sales services.
82GF Score

Get the complete analysis for KAR:INDU

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

₨2,070.34
Price
₨2,447.49
GF Value