GAIL (India) (NSE:GAIL) E10: ₹15.75 (As of Mar. 2026)


NSE:GAIL GAIL (India) Ltd NSE:GAIL
89 GF Score
Price ₹172.85
GF Value ₹181.09
Valuation Fairly Valued
! 7 Warning Signs
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What is GAIL (India) E10?

GAIL (India) NSE:GAIL -1.19% 89 E10 is ₹15.75 as of Mar. 2026. GuruFocus rates NSE:GAIL with a GF Score™ of 89/100 and a GF Value™ of ₹181.09 (Fairly Valued). 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.

GAIL (India)'s adjusted earnings per share data for the three months ended in Mar. 2026 was ₹2.260. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₹15.75 for the trailing ten years ended in Mar. 2026.

During the past 12 months, GAIL (India)'s average E10 Growth Rate was 0.60% 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 (2026-06-27), GAIL (India)'s current stock price is ₹172.85. GAIL (India)'s E10 for the quarter that ended in Mar. 2026 was ₹15.75. GAIL (India)'s Shiller PE Ratio of today is 10.97.

During the past 13 years, the highest Shiller PE Ratio of GAIL (India) was 15.00. The lowest was 8.64. And the median was 11.13.


GAIL (India)  (NSE:GAIL) 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.

GAIL (India)'s Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=172.85/15.75
=10.97

* 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 GAIL (India) was 15.00. The lowest was 8.64. And the median was 11.13.


Be Aware

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


GAIL (India) E10 Related Terms


GAIL (India) E10 Historical Data

* Premium members only.

The historical data trend for GAIL (India)'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.

GAIL (India) E10 Chart

GAIL (India) Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 15.68 15.75

GAIL (India) 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 15.68 15.83 15.95 15.88 15.75

NSE:GAIL vs ATO, NI, UGI: E10 Comparison

For the Utilities - Regulated Gas subindustry, GAIL (India)'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.


GAIL (India) Shiller PE Ratio vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, GAIL (India)'s Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where GAIL (India)'s Shiller PE Ratio falls into.


NSE:GAIL
89GF Score
GAIL (India) Ltd NSE:GAIL
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

GAIL (India) 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, GAIL (India)'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)
=2.26/164.2724*164.2724
=2.260

Current CPI (Mar. 2026) = 164.2724.

GAIL (India) Quarterly Data

per share eps CPI Adj_EPS
201103 0.000 70.768 0.000
201203 0.000 76.889 0.000
201303 0.000 85.687 0.000
201403 0.000 91.425 0.000
201503 0.000 97.163 0.000
201603 0.000 102.518 0.000
201703 0.000 105.196 0.000
201803 0.000 109.786 0.000
201806 2.130 111.317 3.143
201809 2.640 115.142 3.766
201812 2.653 115.142 3.785
201903 2.247 118.202 3.123
201906 2.220 120.880 3.017
201909 1.727 123.175 2.303
201912 2.993 126.235 3.895
202003 6.987 124.705 9.204
202006 0.967 127.000 1.251
202009 1.647 130.118 2.079
202012 2.787 130.889 3.498
202103 3.680 131.771 4.588
202106 3.207 134.084 3.929
202109 4.330 135.847 5.236
202112 5.680 138.161 6.753
202203 5.190 138.822 6.141
202206 7.340 142.347 8.471
202209 2.000 144.661 2.271
202212 0.630 145.763 0.710
202303 0.970 146.865 1.085
202306 2.730 150.280 2.984
202309 3.720 151.492 4.034
202312 4.860 152.924 5.221
202403 3.760 153.035 4.036
202406 4.840 155.789 5.104
202409 4.100 157.882 4.266
202412 6.210 158.323 6.443
202503 3.790 157.552 3.952
202506 3.600 159.755 3.702
202509 3.000 162.289 3.037
202512 2.670 163.281 2.686
202603 2.260 164.272 2.260

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 ₹15.75 mean?
GAIL (India) (NSE:GAIL) has a E10 of ₹15.75 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on GAIL (India) and its competitors.
Is GAIL (India)'s E10 too high?
GAIL (India)'s current E10 is ₹15.75. Overall, GAIL (India) has a GF Score™ of 89/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does GAIL (India)'s E10 compare to ATO and NI?
GAIL (India)'s E10 of ₹15.75 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 GAIL (India) and its competitors. GAIL (India)'s current E10 is ₹15.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is GAIL (India) stock overvalued right now?
Based on GuruFocus' analysis, GAIL (India) (NSE:GAIL) is currently considered Fairly Valued. The stock's GF Value™ is ₹181.09, compared to a current price of ₹172.85 — trading 4.6% below its estimated fair value. The current E10 is ₹15.75. GAIL (India)'s overall GF Score™ is 89/100 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 GAIL (India) (NSE:GAIL), the current E10 is ₹15.75 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 GAIL (India) (NSE:GAIL) Overvalued in 2026?

Based on GuruFocus' analysis, GAIL (India) stock appears to be undervalued. The current stock price of ₹172.85 is trading 4.6% below its estimated GF Value™ of ₹181.09. GuruFocus considers GAIL (India) to be Fairly Valued.

Key valuation signals for NSE:GAIL:

  • E10: ₹15.75
  • GF Value™: ₹181.09 vs. price of ₹172.85 (4.6% below fair value)
  • GF Score™: 89/100 with 7 warning signs

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


GAIL (India) Business Description

Address 16, Bhikaiji Cama Place, Gail Bhawan, R.K. Puram, New Delhi, IND, 110066
GAIL (India) Ltd is an Indian natural gas processing and distribution company of which the Government of India owns a majority of shares. GAIL India's core business is the sale and transmission of both natural gas and a variety of LPGs, or liquefied petroleum gases. The company segments its operations into Transmission services; Natural Gas Marketing; Petrochemicals; LPG and Other Liquid Hydrocarbon; and Other Segments, which includes City Gas Distribution (CGD), Exploration and Production (E&P), Compressed Bio Gas (CBG) & Power Generation. The company generates key revenue from Natural Gas Marketing.
89GF Score

Get the complete analysis for NSE:GAIL

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

₹172.85
Price
₹181.09
GF Value