Gretex Industries (NSE:GRETEX) E10: ₹2.25 (As of Mar. 2025)


NSE:GRETEX Gretex Industries Ltd NSE:GRETEX
51 GF Score
Price ₹265.00
GF Value ₹21.61
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Gretex Industries E10?

Gretex Industries NSE:GRETEX 51 E10 is ₹2.25 as of Mar. 2025. GuruFocus rates NSE:GRETEX with a GF Score™ of 51/100 and a GF Value™ of ₹21.61 (Significantly Overvalued). The stock has 5 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.

Gretex Industries's adjusted earnings per share data for the fiscal year that ended in Mar. 2025 was ₹0.960. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₹2.25 for the trailing ten years ended in Mar. 2025.

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 (2026-06-30), Gretex Industries's current stock price is ₹ 265.00. Gretex Industries's E10 for the fiscal year that ended in Mar. 2025 was ₹2.25. Gretex Industries's Shiller PE Ratio of today is 117.78.

During the past 10 years, the highest Shiller PE Ratio of Gretex Industries was 133.78. The lowest was 82.22. And the median was 103.89.


Gretex Industries  (NSE:GRETEX) 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.

Gretex Industries's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=265.00/2.25
=117.78

* 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 10 years, the highest Shiller P/E Ratio of Gretex Industries was 133.78. The lowest was 82.22. And the median was 103.89.


Be Aware

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


Gretex Industries E10 Related Terms


Gretex Industries E10 Historical Data

* Premium members only.

The historical data trend for Gretex Industries'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.

Gretex Industries E10 Chart

Gretex Industries Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 2.25

Gretex Industries Semi-Annual Data
Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
E10 Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 2.25

NSE:GRETEX vs AS, HAS, LTH: E10 Comparison

For the Leisure subindustry, Gretex Industries'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.


Gretex Industries Shiller PE Ratio vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Gretex Industries's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Gretex Industries's Shiller PE Ratio falls into.


NSE:GRETEX
51GF Score
Gretex Industries Ltd NSE:GRETEX
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Gretex Industries 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, Gretex Industries's adjusted earnings per share data for the fiscal year that ended in Mar. 2025 was:

Adj_EPS=Earnings per Share (Diluted) /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=0.96/157.5517*157.5517
=0.960

Current CPI (Mar. 2025) = 157.5517.

Gretex Industries Annual Data

per_share_eps CPI Adj_EPS
201603 0.950 102.518 1.460
201703 -4.020 105.196 -6.021
201803 0.150 109.786 0.215
201903 0.050 118.202 0.067
202003 -0.540 124.705 -0.682
202103 -0.760 131.771 -0.909
202203 1.280 138.822 1.453
202303 1.530 146.865 1.641
202403 23.620 153.035 24.317
202503 0.960 157.552 0.960

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 ₹2.25 mean?
Gretex Industries (NSE:GRETEX) has a E10 of ₹2.25 as of Mar. 2025. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Gretex Industries and its competitors.
Is Gretex Industries' E10 too high?
Gretex Industries' current E10 is ₹2.25. Overall, Gretex Industries has a GF Score™ of 51/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Gretex Industries' E10 compare to AS and HAS?
Gretex Industries' E10 of ₹2.25 can be compared against companies in the Travel & Leisure 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 Travel & Leisure company?
A good E10 depends on the Travel & Leisure 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 Gretex Industries and its competitors. Gretex Industries's current E10 is ₹2.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gretex Industries stock overvalued right now?
Based on GuruFocus' analysis, Gretex Industries (NSE:GRETEX) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹21.61, compared to a current price of ₹265.00 — trading 1126.3% above its estimated fair value. The current E10 is ₹2.25. Gretex Industries' overall GF Score™ is 51/100 with 5 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 Gretex Industries (NSE:GRETEX), the current E10 is ₹2.25 as of Mar. 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 Gretex Industries (NSE:GRETEX) Overvalued in 2026?

Based on GuruFocus' analysis, Gretex Industries stock appears to be overvalued. The current stock price of ₹265.00 is trading 1126.3% above its estimated GF Value™ of ₹21.61. GuruFocus considers Gretex Industries to be Significantly Overvalued.

Key valuation signals for NSE:GRETEX:

  • E10: ₹2.25
  • GF Value™: ₹21.61 vs. price of ₹265.00 (1126.3% above fair value)
  • GF Score™: 51/100 with 5 warning signs

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


Gretex Industries Business Description

Address 90, Phears Lane, 5th Floor, Kolkata, WB, IND, 700 012
Gretex Industries Ltd is engaged in the trading of musical instruments. The company's range of musical instruments includes; guitars, electronic keyboards, Harmoniums, violins, drums, Music stands, mats, sound systems and other percussion instruments. It also deals in equipment like microphones, headphones, amplifiers, studio monitor speakers, loudspeakers, mixers, and all types of accessories for pro audio and recording. The company is a distributor of brands like Yamaha, Daddario, Duralin, and among others.
51GF Score

Get the complete analysis for NSE:GRETEX

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

₹265.00
Price
₹21.61
GF Value