National Gas CoOG (MUS:NGCI) E10: ر.ع0.01 (As of Dec. 2025)


MUS:NGCI National Gas Co SAOG MUS:NGCI
37 GF Score
Price ر.ع0.11
GF Value ر.ع0.09
Valuation Modestly Overvalued
! 7 Warning Signs
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What is National Gas CoOG E10?

National Gas CoOG MUS:NGCI 37 E10 is ر.ع0.01 as of Dec. 2025. GuruFocus rates MUS:NGCI with a GF Score™ of 37/100 and a GF Value™ of ر.ع0.09 (Modestly 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.

National Gas CoOG's adjusted earnings per share data for the three months ended in Dec. 2025 was ر.ع-0.004. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ر.ع0.01 for the trailing ten years ended in Dec. 2025.

During the past 3 years, the average E10 Growth Rate was -20.60% per year. During the past 5 years, the average E10 Growth Rate was -14.70% 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.

As of today (2026-06-28), National Gas CoOG's current stock price is ر.ع0.106. National Gas CoOG's E10 for the quarter that ended in Dec. 2025 was ر.ع0.01. National Gas CoOG's Shiller PE Ratio of today is 10.60.

During the past 13 years, the highest Shiller PE Ratio of National Gas CoOG was 12.00. The lowest was 3.80. And the median was 7.15.


National Gas CoOG  (MUS:NGCI) 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.

National Gas CoOG's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=0.106/0.01
=10.60

* 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 National Gas CoOG was 12.00. The lowest was 3.80. And the median was 7.15.


Be Aware

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


National Gas CoOG E10 Related Terms


National Gas CoOG E10 Historical Data

* Premium members only.

The historical data trend for National Gas CoOG'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.

National Gas CoOG E10 Chart

National Gas CoOG 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 0.02 0.02 0.02 0.01 0.01

National Gas CoOG Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
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 0.01 0.01 0.01 0.01 0.01

MUS:NGCI vs ATO, NI, UGI: E10 Comparison

For the Utilities - Regulated Gas subindustry, National Gas CoOG'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.


National Gas CoOG Shiller PE Ratio vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, National Gas CoOG's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where National Gas CoOG's Shiller PE Ratio falls into.


MUS:NGCI
37GF Score
National Gas Co SAOG MUS:NGCI
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

National Gas CoOG 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, National Gas CoOG's adjusted earnings per share data for the three months ended in Dec. 2025 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=-0.004/324.0540*324.0540
=-0.004

Current CPI (Dec. 2025) = 324.0540.

National Gas CoOG Quarterly Data

per share eps CPI Adj_EPS
201603 0.011 238.132 0.015
201606 0.007 241.018 0.009
201609 0.009 241.428 0.012
201612 0.006 241.432 0.008
201703 0.006 243.801 0.008
201706 0.002 244.955 0.003
201709 0.004 246.819 0.005
201712 0.007 246.524 0.009
201803 0.008 249.554 0.010
201806 0.006 251.989 0.008
201809 0.005 252.439 0.006
201812 0.003 251.233 0.004
201903 0.003 254.202 0.004
201906 0.006 256.143 0.008
201909 0.010 256.759 0.013
201912 -0.004 256.974 -0.005
202003 0.002 258.115 0.003
202006 -0.002 257.797 -0.003
202009 0.003 260.280 0.004
202012 -0.005 260.474 -0.006
202103 -0.001 264.877 -0.001
202106 -0.003 271.696 -0.004
202109 -0.004 274.310 -0.005
202112 -0.011 278.802 -0.013
202203 -0.002 287.504 -0.002
202206 -0.003 296.311 -0.003
202209 -0.002 296.808 -0.002
202212 0.013 296.797 0.014
202303 0.001 301.836 0.001
202306 -0.002 305.109 -0.002
202309 -0.001 307.789 -0.001
202312 -0.001 306.746 -0.001
202403 -0.001 312.332 -0.001
202406 0.000 314.175 0.000
202409 -0.001 315.301 -0.001
202412 0.002 315.605 0.002
202503 -0.002 319.799 -0.002
202506 -0.002 322.561 -0.002
202509 -0.001 324.800 -0.001
202512 -0.004 324.054 -0.004

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 ر.ع0.01 mean?
National Gas CoOG (MUS:NGCI) has a E10 of ر.ع0.01 as of Dec. 2025. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on National Gas CoOG and its competitors.
Is National Gas CoOG's E10 too high?
National Gas CoOG's current E10 is ر.ع0.01. Overall, National Gas CoOG has a GF Score™ of 37/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does National Gas CoOG's E10 compare to ATO and NI?
National Gas CoOG's E10 of ر.ع0.01 can be compared against companies in the Utilities - Regulated 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 Utilities - Regulated company?
A good E10 depends on the Utilities - Regulated 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 National Gas CoOG and its competitors. National Gas CoOG's current E10 is ر.ع0.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is National Gas CoOG stock overvalued right now?
Based on GuruFocus' analysis, National Gas CoOG (MUS:NGCI) is currently considered Modestly Overvalued. The stock's GF Value™ is ر.ع0.09, compared to a current price of ر.ع0.11 — trading 17.8% above its estimated fair value. The current E10 is ر.ع0.01. National Gas CoOG's overall GF Score™ is 37/100 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 National Gas CoOG (MUS:NGCI), the current E10 is ر.ع0.01 as of Dec. 2025. 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 National Gas CoOG (MUS:NGCI) Overvalued in 2026?

Based on GuruFocus' analysis, National Gas CoOG stock appears to be overvalued. The current stock price of ر.ع0.11 is trading 17.8% above its estimated GF Value™ of ر.ع0.09. GuruFocus considers National Gas CoOG to be Modestly Overvalued.

Key valuation signals for MUS:NGCI:

  • E10: ر.ع0.01
  • GF Value™: ر.ع0.09 vs. price of ر.ع0.11 (17.8% above fair value)
  • GF Score™: 37/100 with 7 warning signs

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


National Gas CoOG Business Description

Address Al Khuwair Office, Al Khuwair, ONEIC Building, Muscat, OMN
National Gas Co SAOG operates as a Liquefied Petroleum Gas filling plant. The company is engaged in the marketing, selling, and distribution of LPG. The group's only business segment is the marketing and selling of LPG. It operates a large fleet of tankers to lift bulk LPG from refineries in the Sultanate to its plants where it is bottled into cylinders in safe and controlled conditions. The company has different sizes of tankers to meet customer demand and reduce distribution costs. The company has different departments for project and design which takes care of design, engineering, procurement, installation, commissioning and testing of all projects and post-sale services.
37GF Score

Get the complete analysis for MUS:NGCI

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

ر.ع0.11
Price
ر.ع0.09
GF Value