Nishat Mills (KAR:NML) E10: ₨27.38 (As of Mar. 2026)


KAR:NML Nishat Mills Ltd KAR:NML
73 GF Score
Price ₨159.20
GF Value ₨78.79
Valuation Significantly Overvalued
! 7 Warning Signs
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What is Nishat Mills E10?

Nishat Mills KAR:NML 73 E10 is ₨27.38 as of Mar. 2026. GuruFocus rates KAR:NML with a GF Score™ of 73/100 and a GF Value™ of ₨78.79 (Significantly Overvalued). The stock has 7 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.

Nishat Mills's adjusted earnings per share data for the three months ended in Mar. 2026 was ₨3.430. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₨27.38 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Nishat Mills's average E10 Growth Rate was 5.30% per year. During the past 3 years, the average E10 Growth Rate was 1.00% 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 Nishat Mills was 6.10% per year. The lowest was 1.00% per year. And the median was 3.55% per year.

As of today (2026-06-27), Nishat Mills's current stock price is ₨159.20. Nishat Mills's E10 for the quarter that ended in Mar. 2026 was ₨27.38. Nishat Mills's Shiller PE Ratio of today is 5.81.

During the past 13 years, the highest Shiller PE Ratio of Nishat Mills was 7.28. The lowest was 1.83. And the median was 2.97.


Nishat Mills  (KAR:NML) 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.

Nishat Mills's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=159.20/27.38
=5.81

* 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 Nishat Mills was 7.28. The lowest was 1.83. And the median was 2.97.


Be Aware

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


Nishat Mills E10 Related Terms


Nishat Mills E10 Historical Data

* Premium members only.

The historical data trend for Nishat Mills'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.

Nishat Mills E10 Chart

Nishat Mills 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 23.08 26.35 27.22 27.55 27.12

Nishat Mills 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 25.99 27.12 27.23 27.51 27.38

Nishat Mills E10 Competitor Comparison

For the Textile Manufacturing subindustry, Nishat Mills'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.


Nishat Mills Shiller PE Ratio vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Nishat Mills's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Nishat Mills's Shiller PE Ratio falls into.


KAR:NML
73GF Score
Nishat Mills Ltd KAR:NML
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nishat Mills 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, Nishat Mills'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)
=3.43/330.2130*330.2130
=3.430

Current CPI (Mar. 2026) = 330.2130.

Nishat Mills Quarterly Data

per share eps CPI Adj_EPS
201606 1.070 241.018 1.466
201609 4.570 241.428 6.251
201612 4.260 241.432 5.827
201703 4.990 243.801 6.759
201706 3.725 244.955 5.022
201709 4.710 246.819 6.301
201712 6.270 246.524 8.399
201803 2.170 249.554 2.871
201806 7.570 251.989 9.920
201809 4.370 252.439 5.716
201812 6.270 251.233 8.241
201903 5.340 254.202 6.937
201906 6.020 256.143 7.761
201909 4.670 256.759 6.006
201912 5.360 256.974 6.888
202003 4.030 258.115 5.156
202006 4.010 257.797 5.136
202009 3.520 260.280 4.466
202012 5.420 260.474 6.871
202103 11.390 264.877 14.200
202106 7.820 271.696 9.504
202109 11.910 274.310 14.337
202112 8.840 278.802 10.470
202203 12.590 287.504 14.460
202206 1.660 296.311 1.850
202209 11.610 296.808 12.917
202212 9.720 296.797 10.814
202303 11.140 301.836 12.187
202306 -0.350 305.109 -0.379
202309 10.010 307.789 10.739
202312 3.700 306.746 3.983
202403 3.640 312.332 3.848
202406 5.020 314.175 5.276
202409 6.640 315.301 6.954
202412 -8.890 315.605 -9.301
202503 1.820 319.799 1.879
202506 14.930 322.561 15.284
202509 4.000 324.800 4.067
202512 11.050 324.054 11.260
202603 3.430 330.213 3.430

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 ₨27.38 mean?
Nishat Mills (KAR:NML) has a E10 of ₨27.38 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Nishat Mills and its competitors.
Is Nishat Mills' E10 too high?
Nishat Mills' current E10 is ₨27.38. Overall, Nishat Mills has a GF Score™ of 73/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nishat Mills' E10 compare to competitors?
Nishat Mills' E10 of ₨27.38 can be compared against companies in the Manufacturing - Apparel & Accessories 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 Manufacturing - Apparel & Accessories company?
A good E10 depends on the Manufacturing - Apparel & Accessories 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 Nishat Mills and its competitors. Nishat Mills's current E10 is ₨27.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nishat Mills stock overvalued right now?
Based on GuruFocus' analysis, Nishat Mills (KAR:NML) is currently considered Significantly Overvalued. The stock's GF Value™ is ₨78.79, compared to a current price of ₨159.20 — trading 102.1% above its estimated fair value. The current E10 is ₨27.38. Nishat Mills' overall GF Score™ is 73/100 with 7 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 Nishat Mills (KAR:NML), the current E10 is ₨27.38 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 Nishat Mills (KAR:NML) Overvalued in 2026?

Based on GuruFocus' analysis, Nishat Mills stock appears to be overvalued. The current stock price of ₨159.20 is trading 102.1% above its estimated GF Value™ of ₨78.79. GuruFocus considers Nishat Mills to be Significantly Overvalued.

Key valuation signals for KAR:NML:

  • E10: ₨27.38
  • GF Value™: ₨78.79 vs. price of ₨159.20 (102.1% above fair value)
  • GF Score™: 73/100 with 7 warning signs

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


Nishat Mills Business Description

Address 7, Main Gulberg, Lahore, PB, PAK, 54660
Nishat Mills Ltd is engaged in the business of textile manufacturing and of spinning, combing, weaving, bleaching, dyeing, printing, stitching, apparel, buying, selling and otherwise dealing in yarn, linen, cloth and other goods and fabrics made from raw cotton, synthetic fibre and cloth and to generate, accumulate, distribute, supply and sell electricity. The company's segments are Spinning, Weaving, Dyeing, Denim, Workwear, Home Textile and Terry, Garments and Power Generation. It derives the majority of the revenue from Spinning segment that produces different quality of yarn including dyed yarn and sewing thread using natural and artificial fibres. Geographically it operates in Europe, America, Asia, Africa and Australia, and Pakistan.
73GF Score

Get the complete analysis for KAR:NML

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

₨159.20
Price
₨78.79
GF Value