Igarashi Motors India (NSE:IGARASHI) E10: ₹13.36 (As of Mar. 2026)


NSE:IGARASHI Igarashi Motors India Ltd NSE:IGARASHI
76 GF Score
Price ₹458.90
GF Value ₹641.22
Valuation Modestly Undervalued
! 3 Warning Signs
View Full Analysis

What is Igarashi Motors India E10?

Igarashi Motors India NSE:IGARASHI -3.07% 76 E10 is ₹13.36 as of Mar. 2026. GuruFocus rates NSE:IGARASHI with a GF Score™ of 76/100 and a GF Value™ of ₹641.22 (Modestly Undervalued). 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.

Igarashi Motors India's adjusted earnings per share data for the three months ended in Mar. 2026 was ₹0.510. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₹13.36 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Igarashi Motors India's average E10 Growth Rate was -12.70% per year. During the past 3 years, the average E10 Growth Rate was -8.90% per year. During the past 5 years, the average E10 Growth Rate was -6.50% 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.

During the past 13 years, the highest 3-Year average E10 Growth Rate of Igarashi Motors India was -4.80% per year. The lowest was -8.90% per year. And the median was -5.40% per year.

As of today (2026-06-30), Igarashi Motors India's current stock price is ₹458.90. Igarashi Motors India's E10 for the quarter that ended in Mar. 2026 was ₹13.36. Igarashi Motors India's Shiller PE Ratio of today is 34.35.

During the past 13 years, the highest Shiller PE Ratio of Igarashi Motors India was 49.22. The lowest was 14.21. And the median was 27.61.


Igarashi Motors India  (NSE:IGARASHI) 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.

Igarashi Motors India's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=458.90/13.36
=34.35

* 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 Igarashi Motors India was 49.22. The lowest was 14.21. And the median was 27.61.


Be Aware

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


Igarashi Motors India E10 Related Terms


Igarashi Motors India E10 Historical Data

* Premium members only.

The historical data trend for Igarashi Motors 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.

Igarashi Motors India E10 Chart

Igarashi Motors 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 18.00 17.67 16.35 15.30 13.36

Igarashi Motors 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 15.30 14.83 14.63 14.07 13.36

NSE:IGARASHI vs ORLY, AZO: E10 Comparison

For the Auto Parts subindustry, Igarashi Motors 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.


Igarashi Motors India Shiller PE Ratio vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Igarashi Motors India's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Igarashi Motors India's Shiller PE Ratio falls into.


NSE:IGARASHI
76GF Score
Igarashi Motors India Ltd NSE:IGARASHI
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Igarashi Motors 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, Igarashi Motors 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)
=0.51/164.2724*164.2724
=0.510

Current CPI (Mar. 2026) = 164.2724.

Igarashi Motors India Quarterly Data

per share eps CPI Adj_EPS
201606 5.508 105.961 8.539
201609 5.695 105.961 8.829
201612 5.277 105.196 8.240
201703 5.517 105.196 8.615
201706 5.232 107.109 8.024
201709 5.210 109.021 7.850
201712 6.510 109.404 9.775
201803 4.805 109.786 7.190
201806 6.590 111.317 9.725
201809 6.270 115.142 8.945
201812 3.040 115.142 4.337
201903 2.250 118.202 3.127
201906 1.940 120.880 2.636
201909 2.570 123.175 3.427
201912 4.300 126.235 5.596
202003 0.690 124.705 0.909
202006 -3.340 127.000 -4.320
202009 3.750 130.118 4.734
202012 4.240 130.889 5.321
202103 3.490 131.771 4.351
202106 1.190 134.084 1.458
202109 1.630 135.847 1.971
202112 -1.400 138.161 -1.665
202203 -1.040 138.822 -1.231
202206 -1.340 142.347 -1.546
202209 0.150 144.661 0.170
202212 0.430 145.763 0.485
202303 2.420 146.865 2.707
202306 0.450 150.280 0.492
202309 0.460 151.492 0.499
202312 0.490 152.924 0.526
202403 1.630 153.035 1.750
202406 2.590 155.789 2.731
202409 2.480 157.882 2.580
202412 1.640 158.323 1.702
202503 0.970 157.552 1.011
202506 0.800 159.755 0.823
202509 1.440 162.289 1.458
202512 1.110 163.281 1.117
202603 0.510 164.272 0.510

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 ₹13.36 mean?
Igarashi Motors India (NSE:IGARASHI) has a E10 of ₹13.36 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Igarashi Motors India and its competitors.
Is Igarashi Motors India's E10 too high?
Igarashi Motors India's current E10 is ₹13.36. Overall, Igarashi Motors India has a GF Score™ of 76/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Igarashi Motors India's E10 compare to ORLY and AZO?
Igarashi Motors India's E10 of ₹13.36 can be compared against companies in the Vehicles & Parts 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 Vehicles & Parts company?
A good E10 depends on the Vehicles & Parts 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 Igarashi Motors India and its competitors. Igarashi Motors India's current E10 is ₹13.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Igarashi Motors India stock overvalued right now?
Based on GuruFocus' analysis, Igarashi Motors India (NSE:IGARASHI) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹641.22, compared to a current price of ₹458.90 — trading 28.4% below its estimated fair value. The current E10 is ₹13.36. Igarashi Motors India's overall GF Score™ is 76/100 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 Igarashi Motors India (NSE:IGARASHI), the current E10 is ₹13.36 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 Igarashi Motors India (NSE:IGARASHI) Overvalued in 2026?

Based on GuruFocus' analysis, Igarashi Motors India stock appears to be undervalued. The current stock price of ₹458.90 is trading 28.4% below its estimated GF Value™ of ₹641.22. GuruFocus considers Igarashi Motors India to be Modestly Undervalued.

Key valuation signals for NSE:IGARASHI:

  • E10: ₹13.36
  • GF Value™: ₹641.22 vs. price of ₹458.90 (28.4% below fair value)
  • GF Score™: 76/100 with 3 warning signs

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


Igarashi Motors India Business Description

Other Exchanges 517380:India
Address Plot No. B-12 to B-15, Phase II, MEPZ - SEZ, Tambaram, Chennai, TN, IND, 600 045
Igarashi Motors India Ltd produces micro motors and their accessories mainly for the automotive sector. It is engaged in designing and manufacturing small, permanent magnet DC motors. It has operations in India, Korea, the USA, Europe, and China, and the rest of the world. The company drives the majority of its sales in India.
76GF Score

Get the complete analysis for NSE:IGARASHI

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

₹458.90
Price
₹641.22
GF Value