Indraprastha Gas (NSE:IGL) E10: ₹11.22 (As of Jun. 2026)

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NSE:IGL Indraprastha Gas Ltd NSE:IGL
97 GF Score
Price ₹147.87
GF Value ₹239.64
Valuation Significantly Undervalued
! 4 Warning Signs
View Full Analysis

What is Indraprastha Gas E10?

Indraprastha Gas NSE:IGL -1.78% 97 E10 is ₹11.22 as of Jun. 2026. GuruFocus rates NSE:IGL with a GF Score™ of 97/100 and a GF Value™ of ₹239.64 (Significantly Undervalued). The stock has 4 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.

Indraprastha Gas's adjusted earnings per share data for the three months ended in Jun. 2026 was ₹1.120. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₹11.22 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Indraprastha Gas's average E10 Growth Rate was 7.80% per year. During the past 3 years, the average E10 Growth Rate was 13.30% per year. During the past 5 years, the average E10 Growth Rate was 14.60% 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.

During the past 13 years, the highest 3-Year average E10 Growth Rate of Indraprastha Gas was 16.10% per year. The lowest was 13.30% per year. And the median was 15.20% per year.

As of today (2026-08-22), Indraprastha Gas's current stock price is ₹147.87. Indraprastha Gas's E10 for the quarter that ended in Jun. 2026 was ₹11.22. Indraprastha Gas's Shiller PE Ratio of today is 13.18.

During the past 13 years, the highest Shiller PE Ratio of Indraprastha Gas was 51.06. The lowest was 13.19. And the median was 27.14.


Indraprastha Gas  (NSE:IGL) 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.

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

Shiller PE Ratio=Share Price/E10
=147.87/11.22
=13.18

* 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 Indraprastha Gas was 51.06. The lowest was 13.19. And the median was 27.14.


Be Aware

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


Indraprastha Gas E10 Related Terms


Indraprastha Gas E10 Historical Data

* Premium members only.

The historical data trend for Indraprastha Gas'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.

Indraprastha Gas E10 Chart

Indraprastha Gas 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 6.54 7.58 8.90 10.01 11.03

Indraprastha Gas 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 10.33 10.63 10.84 11.03 11.22

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

For the Utilities - Regulated Gas subindustry, Indraprastha Gas'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.


Indraprastha Gas Shiller PE Ratio vs Utilities - Regulated Industry

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

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


NSE:IGL
97GF Score
Indraprastha Gas Ltd NSE:IGL
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Indraprastha Gas 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, Indraprastha Gas'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)
=1.12/167.3573*167.3573
=1.120

Current CPI (Jun. 2026) = 167.3573.

Indraprastha Gas Quarterly Data

per share eps CPI Adj_EPS
201506 0.727 99.841 1.219
201509 0.728 101.753 1.197
201512 0.751 102.901 1.221
201603 1.067 102.518 1.742
201703 0.000 105.196 0.000
201706 1.150 107.109 1.797
201803 0.000 109.786 0.000
201806 1.335 111.317 2.007
201809 1.475 115.142 2.144
201812 1.575 115.142 2.289
201903 1.630 118.202 2.308
201906 1.750 120.880 2.423
201909 2.970 123.175 4.035
201912 2.125 126.235 2.817
202003 2.075 124.705 2.785
202006 0.250 127.000 0.329
202009 2.720 130.118 3.498
202012 2.725 130.889 3.484
202103 2.680 131.771 3.404
202106 1.985 134.084 2.478
202109 2.990 135.847 3.684
202112 2.675 138.161 3.240
202203 3.080 138.822 3.713
202206 3.435 142.347 4.039
202209 3.050 144.661 3.529
202212 2.385 145.763 2.738
202303 2.840 146.865 3.236
202306 3.730 150.280 4.154
202309 3.950 151.492 4.364
202312 3.395 152.924 3.715
202403 3.110 153.035 3.401
202406 3.440 155.789 3.695
202409 3.250 157.882 3.445
202412 2.330 158.323 2.463
202503 3.250 157.552 3.452
202506 3.060 159.755 3.206
202509 2.760 162.289 2.846
202512 2.810 163.281 2.880
202603 2.430 164.272 2.476
202606 1.120 167.357 1.120

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 ₹11.22 mean?
Indraprastha Gas (NSE:IGL) has a E10 of ₹11.22 as of Jun. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Indraprastha Gas and its competitors.
Is Indraprastha Gas' E10 too high?
Indraprastha Gas' current E10 is ₹11.22. Overall, Indraprastha Gas has a GF Score™ of 97/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Indraprastha Gas' E10 compare to ATO and NI?
Indraprastha Gas' E10 of ₹11.22 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 Indraprastha Gas and its competitors. Indraprastha Gas's current E10 is ₹11.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Indraprastha Gas stock overvalued right now?
Based on GuruFocus' analysis, Indraprastha Gas (NSE:IGL) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹239.64, compared to a current price of ₹147.87 — trading 38.3% below its estimated fair value. The current E10 is ₹11.22. Indraprastha Gas' overall GF Score™ is 97/100 with 4 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 Indraprastha Gas (NSE:IGL), the current E10 is ₹11.22 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 Indraprastha Gas (NSE:IGL) Overvalued in 2026?

Based on GuruFocus' analysis, Indraprastha Gas stock appears to be undervalued. The current stock price of ₹147.87 is trading 38.3% below its estimated GF Value™ of ₹239.64. GuruFocus considers Indraprastha Gas to be Significantly Undervalued.

Key valuation signals for NSE:IGL:

  • E10: ₹11.22
  • GF Value™: ₹239.64 vs. price of ₹147.87 (38.3% below fair value)
  • GF Score™: 97/100 with 4 warning signs

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


Indraprastha Gas Business Description

Other Exchanges 532514:India
Address IGL Bhawan, Plot Number 4, Community Centre, Sector-9, R K Puram, New Delhi, IND, 110022
Indraprastha Gas Ltd is an Indian utility company engaged in the business of city gas distribution. It operates in a single segment of the natural gas business, and its products include the Compressed Natural Gas Business provides a fossil fuel substitute for other auto fuels such as petrol, diesel, LPG, etc, and the Piped Natural Gas Business is mainly methane-CH4 with a small percentage of other higher hydrocarbons. The group generates the majority of its revenue from the Compressed Natural Gas Business.
97GF Score

Get the complete analysis for NSE:IGL

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

₹147.87
Price
₹239.64
GF Value