HDFC Life Insurance Co (NSE:HDFCLIFE) E10: ₹8.54 (As of Jun. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

NSE:HDFCLIFE HDFC Life Insurance Co Ltd NSE:HDFCLIFE
75 GF Score
Price ₹553.10
GF Value ₹744.99
Valuation Modestly Undervalued
! 2 Warning Signs
View Full Analysis

What is HDFC Life Insurance Co E10?

HDFC Life Insurance Co NSE:HDFCLIFE -1.41% 75 E10 is ₹8.54 as of Jun. 2026. GuruFocus rates NSE:HDFCLIFE with a GF Score™ of 75/100 and a GF Value™ of ₹744.99 (Modestly Undervalued). The stock has 2 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.

HDFC Life Insurance Co's adjusted earnings per share data for the three months ended in Jun. 2026 was ₹2.830. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₹8.54 for the trailing ten years ended in Jun. 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 (2026-07-23), HDFC Life Insurance Co's current stock price is ₹553.10. HDFC Life Insurance Co's E10 for the quarter that ended in Jun. 2026 was ₹8.54. HDFC Life Insurance Co's Shiller PE Ratio of today is 64.77.

During the past 13 years, the highest Shiller PE Ratio of HDFC Life Insurance Co was 66.46. The lowest was 65.99. And the median was 66.37.


HDFC Life Insurance Co  (NSE:HDFCLIFE) 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.

HDFC Life Insurance Co's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=553.10/8.54
=64.77

* 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 HDFC Life Insurance Co was 66.46. The lowest was 65.99. And the median was 66.37.


Be Aware

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


HDFC Life Insurance Co E10 Related Terms


HDFC Life Insurance Co E10 Historical Data

* Premium members only.

The historical data trend for HDFC Life Insurance Co'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.

HDFC Life Insurance Co E10 Chart

HDFC Life Insurance Co 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 0.00 0.00

HDFC Life Insurance Co Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 0.00 0.00 0.00 0.00 8.54

NSE:HDFCLIFE vs AFL, MET: E10 Comparison

For the Insurance - Life subindustry, HDFC Life Insurance Co'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.


HDFC Life Insurance Co Shiller PE Ratio vs Insurance Industry

For the Insurance industry and Financial Services sector, HDFC Life Insurance Co's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where HDFC Life Insurance Co's Shiller PE Ratio falls into.


NSE:HDFCLIFE
75GF Score
HDFC Life Insurance Co Ltd NSE:HDFCLIFE
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

HDFC Life Insurance Co 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, HDFC Life Insurance Co's adjusted earnings per share data for the three months ended in Jun. 2026 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=2.83/166.1454*166.1454
=2.830

Current CPI (Jun. 2026) = 166.1454.

HDFC Life Insurance Co Quarterly Data

per share eps CPI Adj_EPS
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
201709 0.000 109.021 0.000
201803 0.000 109.786 0.000
201806 1.891 111.317 2.822
201809 1.430 115.142 2.063
201812 1.210 115.142 1.746
201903 1.800 118.202 2.530
201906 2.110 120.880 2.900
201909 1.530 123.175 2.064
201912 1.240 126.235 1.632
202003 1.530 124.705 2.038
202006 2.230 127.000 2.917
202009 1.620 130.118 2.069
202012 1.300 130.889 1.650
202103 1.570 131.771 1.980
202106 1.330 134.084 1.648
202109 1.360 135.847 1.663
202112 1.360 138.161 1.635
202203 2.430 138.822 2.908
202206 1.710 142.347 1.996
202209 1.550 144.661 1.780
202212 1.480 145.763 1.687
202303 1.680 146.865 1.901
202306 1.940 150.280 2.145
202309 1.760 151.492 1.930
202312 1.710 152.924 1.858
202403 1.910 153.035 2.074
202406 2.230 155.789 2.378
202409 2.020 157.882 2.126
202412 1.960 158.323 2.057
202503 2.210 157.552 2.331
202506 2.540 159.755 2.642
202509 2.080 162.289 2.129
202512 1.940 163.281 1.974
202603 2.300 164.272 2.326
202606 2.830 166.145 2.830

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 ₹8.54 mean?
HDFC Life Insurance Co (NSE:HDFCLIFE) has a E10 of ₹8.54 as of Jun. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on HDFC Life Insurance Co and its competitors.
Is HDFC Life Insurance Co's E10 too high?
HDFC Life Insurance Co's current E10 is ₹8.54. Overall, HDFC Life Insurance Co has a GF Score™ of 75/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does HDFC Life Insurance Co's E10 compare to AFL and MET?
HDFC Life Insurance Co's E10 of ₹8.54 can be compared against companies in the Insurance 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 Insurance company?
A good E10 depends on the Insurance 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 HDFC Life Insurance Co and its competitors. HDFC Life Insurance Co's current E10 is ₹8.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HDFC Life Insurance Co stock overvalued right now?
Based on GuruFocus' analysis, HDFC Life Insurance Co (NSE:HDFCLIFE) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹744.99, compared to a current price of ₹553.10 — trading 25.8% below its estimated fair value. The current E10 is ₹8.54. HDFC Life Insurance Co's overall GF Score™ is 75/100 with 2 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 HDFC Life Insurance Co (NSE:HDFCLIFE), the current E10 is ₹8.54 as of Jun. 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 HDFC Life Insurance Co (NSE:HDFCLIFE) Overvalued in 2026?

Based on GuruFocus' analysis, HDFC Life Insurance Co stock appears to be undervalued. The current stock price of ₹553.10 is trading 25.8% below its estimated GF Value™ of ₹744.99. GuruFocus considers HDFC Life Insurance Co to be Modestly Undervalued.

Key valuation signals for NSE:HDFCLIFE:

  • E10: ₹8.54
  • GF Value™: ₹744.99 vs. price of ₹553.10 (25.8% below fair value)
  • GF Score™: 75/100 with 2 warning signs

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


HDFC Life Insurance Co Business Description

Other Exchanges 540777:India
Address N.M. Joshi Marg, 13th Floor, Lodha Excelus, Apollo Mills Compound, Mahalaxmi, Mumbai, MH, IND, 400 011
HDFC Life Insurance Co Ltd is a long-term life insurance company. It offers individual and group insurance solutions such as Protection, Pension, Savings and Investment, and Health, along with Children's and Women's Plans. The company operates through segments namely, Participating Life (Individual & Group), Participating Pension (Individual & Group), Non-Participating Life (Individual & Group), Non-Participating Pension (Individual & Group), Non-Participating Life Group Variable, Non-Participating Pension Group Variable, Non-Participating - Annuity, Non Participating - Individual & Group Health, Unit Linked - Individual Life, Unit Linked - Individual Pension, Unit Linked - Group Life and Unit Linked - Group Pension.
75GF Score

Get the complete analysis for NSE:HDFCLIFE

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

₹553.10
Price
₹744.99
GF Value