Pakistan Refinery (KAR:PRL) E10: ₨0.89 (As of Mar. 2026)


KAR:PRL Pakistan Refinery Ltd KAR:PRL
80 GF Score
Price ₨35.29
GF Value ₨32.24
Valuation Fairly Valued
! 3 Warning Signs
View Full Analysis

What is Pakistan Refinery E10?

Pakistan Refinery KAR:PRL -0.40% 80 E10 is ₨0.89 as of Mar. 2026. GuruFocus rates KAR:PRL with a GF Score™ of 80/100 and a GF Value™ of ₨32.24 (Fairly Valued). The stock has 3 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.

Pakistan Refinery's adjusted earnings per share data for the three months ended in Mar. 2026 was ₨15.780. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₨0.89 for the trailing ten years ended in Mar. 2026.

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.

As of today (2026-06-26), Pakistan Refinery's current stock price is ₨35.29. Pakistan Refinery's E10 for the quarter that ended in Mar. 2026 was ₨0.89. Pakistan Refinery's Shiller PE Ratio of today is 39.65.

During the past 13 years, the highest Shiller PE Ratio of Pakistan Refinery was 54.65. The lowest was 10.89. And the median was 21.58.


Pakistan Refinery  (KAR:PRL) 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.

Pakistan Refinery's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=35.29/0.89
=39.65

* 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 Pakistan Refinery was 54.65. The lowest was 10.89. And the median was 21.58.


Be Aware

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


Pakistan Refinery E10 Related Terms


Pakistan Refinery E10 Historical Data

* Premium members only.

The historical data trend for Pakistan Refinery'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.

Pakistan Refinery E10 Chart

Pakistan Refinery 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 0.00 0.84 0.80 -0.75

Pakistan Refinery 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 -0.11 -0.75 -0.37 -0.46 0.89

KAR:PRL vs VLO, MPC, PSX: E10 Comparison

For the Oil & Gas Refining & Marketing subindustry, Pakistan Refinery'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.


Pakistan Refinery Shiller PE Ratio vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Pakistan Refinery's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Pakistan Refinery's Shiller PE Ratio falls into.


KAR:PRL
80GF Score
Pakistan Refinery Ltd KAR:PRL
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Pakistan Refinery 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, Pakistan Refinery'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)
=15.78/330.2130*330.2130
=15.780

Current CPI (Mar. 2026) = 330.2130.

Pakistan Refinery Quarterly Data

per share eps CPI Adj_EPS
201606 -1.383 241.018 -1.895
201609 0.291 241.428 0.398
201612 1.347 241.432 1.842
201703 0.888 243.801 1.203
201706 -0.007 244.955 -0.009
201709 0.825 246.819 1.104
201712 -0.480 246.524 -0.643
201803 1.296 249.554 1.715
201806 -0.451 251.989 -0.591
201809 -0.997 252.439 -1.304
201812 -6.129 251.233 -8.056
201903 -1.110 254.202 -1.442
201906 -5.490 256.143 -7.078
201909 0.420 256.759 0.540
201912 -4.310 256.974 -5.538
202003 -11.760 258.115 -15.045
202006 -1.900 257.797 -2.434
202009 0.490 260.280 0.622
202012 -0.310 260.474 -0.393
202103 0.850 264.877 1.060
202106 0.510 271.696 0.620
202109 -0.600 274.310 -0.722
202112 0.420 278.802 0.497
202203 8.780 287.504 10.084
202206 11.360 296.311 12.660
202209 1.630 296.808 1.813
202212 -0.430 296.797 -0.478
202303 2.810 301.836 3.074
202306 -1.120 305.109 -1.212
202309 7.110 307.789 7.628
202312 3.220 306.746 3.466
202403 -1.970 312.332 -2.083
202406 -1.910 314.175 -2.008
202409 -3.730 315.301 -3.906
202412 0.540 315.605 0.565
202503 -4.090 319.799 -4.223
202506 -0.110 322.561 -0.113
202509 1.610 324.800 1.637
202512 1.780 324.054 1.814
202603 15.780 330.213 15.780

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 ₨0.89 mean?
Pakistan Refinery (KAR:PRL) has a E10 of ₨0.89 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Pakistan Refinery and its competitors.
Is Pakistan Refinery's E10 too high?
Pakistan Refinery's current E10 is ₨0.89. Overall, Pakistan Refinery has a GF Score™ of 80/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Pakistan Refinery's E10 compare to VLO and MPC?
Pakistan Refinery's E10 of ₨0.89 can be compared against companies in the Oil & Gas 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 Oil & Gas company?
A good E10 depends on the Oil & Gas 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 Pakistan Refinery and its competitors. Pakistan Refinery's current E10 is ₨0.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pakistan Refinery stock overvalued right now?
Based on GuruFocus' analysis, Pakistan Refinery (KAR:PRL) is currently considered Fairly Valued. The stock's GF Value™ is ₨32.24, compared to a current price of ₨35.29 — trading 9.5% above its estimated fair value. The current E10 is ₨0.89. Pakistan Refinery's overall GF Score™ is 80/100 with 3 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 Pakistan Refinery (KAR:PRL), the current E10 is ₨0.89 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 Pakistan Refinery (KAR:PRL) Overvalued in 2026?

Based on GuruFocus' analysis, Pakistan Refinery stock appears to be overvalued. The current stock price of ₨35.29 is trading 9.5% above its estimated GF Value™ of ₨32.24. GuruFocus considers Pakistan Refinery to be Fairly Valued.

Key valuation signals for KAR:PRL:

  • E10: ₨0.89
  • GF Value™: ₨32.24 vs. price of ₨35.29 (9.5% above fair value)
  • GF Score™: 80/100 with 3 warning signs

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


Pakistan Refinery Business Description

Industry EnergyOil & Gas
Address Korangi Creek Road, P.O. Box 4612, Karachi, PAK, 75190
Pakistan Refinery Ltd is a manufacturer and supplier of petroleum products to the domestic market and Pakistan defence forces. Its products include liquefied petroleum gas, motor gasoline, kerosene oil, jet fuels, high-speed diesel and furnace oil. Its refinery operates at two locations; the main processing facility is located at Korangi Creek with supporting crude berthing and storage facility at Keamari.
80GF Score

Get the complete analysis for KAR:PRL

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

₨35.29
Price
₨32.24
GF Value