InterGlobe Aviation (NSE:INDIGO) E10: ₹12.93 (As of Mar. 2026)


NSE:INDIGO InterGlobe Aviation Ltd NSE:INDIGO
83 GF Score
Price ₹5,426.50
GF Value ₹5,341.50
Valuation Fairly Valued
! 5 Warning Signs
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What is InterGlobe Aviation E10?

InterGlobe Aviation NSE:INDIGO -0.32% 83 E10 is ₹12.93 as of Mar. 2026. GuruFocus rates NSE:INDIGO with a GF Score™ of 83/100 and a GF Value™ of ₹5,341.50 (Fairly Valued). 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.

InterGlobe Aviation's adjusted earnings per share data for the three months ended in Mar. 2026 was ₹-65.620. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₹12.93 for the trailing ten years ended in Mar. 2026.

During the past 12 months, InterGlobe Aviation's average E10 Growth Rate was -52.70% 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 (2026-07-04), InterGlobe Aviation's current stock price is ₹5426.50. InterGlobe Aviation's E10 for the quarter that ended in Mar. 2026 was ₹12.93. InterGlobe Aviation's Shiller PE Ratio of today is 419.68.

During the past 12 years, the highest Shiller PE Ratio of InterGlobe Aviation was 421.50. The lowest was 180.26. And the median was 234.55.


InterGlobe Aviation  (NSE:INDIGO) 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.

InterGlobe Aviation's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=5426.50/12.93
=419.68

* 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 12 years, the highest Shiller P/E Ratio of InterGlobe Aviation was 421.50. The lowest was 180.26. And the median was 234.55.


Be Aware

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


InterGlobe Aviation E10 Related Terms


InterGlobe Aviation E10 Historical Data

* Premium members only.

The historical data trend for InterGlobe Aviation'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.

InterGlobe Aviation E10 Chart

InterGlobe Aviation 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 27.32 12.93

InterGlobe Aviation 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 27.32 30.85 21.61 20.08 12.93

NSE:INDIGO vs DAL, UAL, LUV: E10 Comparison

For the Airlines subindustry, InterGlobe Aviation'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.


InterGlobe Aviation Shiller PE Ratio vs Transportation Industry

For the Transportation industry and Industrials sector, InterGlobe Aviation's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where InterGlobe Aviation's Shiller PE Ratio falls into.


NSE:INDIGO
83GF Score
InterGlobe Aviation Ltd NSE:INDIGO
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
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InterGlobe Aviation 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, InterGlobe Aviation'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)
=-65.62/164.2724*164.2724
=-65.620

Current CPI (Mar. 2026) = 164.2724.

InterGlobe Aviation Quarterly Data

per share eps CPI Adj_EPS
201512 18.240 102.901 29.119
201603 16.240 102.518 26.023
201606 16.360 105.961 25.363
201609 3.840 105.961 5.953
201612 13.390 105.196 20.910
201703 12.180 105.196 19.020
201706 22.390 107.109 34.339
201803 0.000 109.786 0.000
201806 0.720 111.317 1.063
201809 -16.960 115.142 -24.197
201812 4.800 115.142 6.848
201903 15.500 118.202 21.541
201906 31.250 120.880 42.468
201909 -27.610 123.175 -36.822
201912 12.880 126.235 16.761
202003 -22.640 124.705 -29.823
202006 -73.920 127.000 -95.614
202009 -31.050 130.118 -39.200
202012 -16.110 130.889 -20.219
202103 -29.810 131.771 -37.163
202106 -82.470 134.084 -101.038
202109 -37.290 135.847 -45.093
202112 3.360 138.161 3.995
202203 -43.660 138.822 -51.664
202206 -27.640 142.347 -31.897
202209 -41.090 144.661 -46.660
202212 36.860 145.763 41.541
202303 23.860 146.865 26.688
202306 80.030 150.280 87.481
202309 4.890 151.492 5.303
202312 77.580 152.924 83.337
202403 49.070 153.035 52.673
202406 70.570 155.789 74.413
202409 -25.550 157.882 -26.584
202412 63.300 158.323 65.679
202503 79.270 157.552 82.651
202506 56.240 159.755 57.830
202509 -66.790 162.289 -67.606
202512 14.200 163.281 14.286
202603 -65.620 164.272 -65.620

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 ₹12.93 mean?
InterGlobe Aviation (NSE:INDIGO) has a E10 of ₹12.93 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on InterGlobe Aviation and its competitors.
Is InterGlobe Aviation's E10 too high?
InterGlobe Aviation's current E10 is ₹12.93. Overall, InterGlobe Aviation has a GF Score™ of 83/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does InterGlobe Aviation's E10 compare to DAL and UAL?
InterGlobe Aviation's E10 of ₹12.93 can be compared against companies in the Transportation 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 Transportation company?
A good E10 depends on the Transportation 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 InterGlobe Aviation and its competitors. InterGlobe Aviation's current E10 is ₹12.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is InterGlobe Aviation stock overvalued right now?
Based on GuruFocus' analysis, InterGlobe Aviation (NSE:INDIGO) is currently considered Fairly Valued. The stock's GF Value™ is ₹5,341.50, compared to a current price of ₹5,426.50 — trading 1.6% above its estimated fair value. The current E10 is ₹12.93. InterGlobe Aviation's overall GF Score™ is 83/100 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 InterGlobe Aviation (NSE:INDIGO), the current E10 is ₹12.93 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 InterGlobe Aviation (NSE:INDIGO) Overvalued in 2026?

Based on GuruFocus' analysis, InterGlobe Aviation stock appears to be overvalued. The current stock price of ₹5,426.50 is trading 1.6% above its estimated GF Value™ of ₹5,341.50. GuruFocus considers InterGlobe Aviation to be Fairly Valued.

Key valuation signals for NSE:INDIGO:

  • E10: ₹12.93
  • GF Value™: ₹5,341.50 vs. price of ₹5,426.50 (1.6% above fair value)
  • GF Score™: 83/100 with 5 warning signs

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


InterGlobe Aviation Business Description

Other Exchanges 539448:India
Address Gurgaon Road, MG Road, Third floor, Emaar Capital Tower-II, Sector-26, Sikanderpur Ghosi, Gurugram, HR, IND, 122 002
InterGlobe Aviation Ltd is an airline service provider based in India. The company serves as a low-cost carrier through its Indigo brand. The company caters to its customers through an official website and the IndigoGo App, enabling them to book airline tickets and travel packages. The segments of the company are Air transportation services and Other income. The company earns its revenue predominantly through passenger ticket sales of the domestic airline operation.
83GF Score

Get the complete analysis for NSE:INDIGO

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

₹5,426.50
Price
₹5,341.50
GF Value