IVP (NSE:IVP) E10: ₹13.58 (As of Jun. 2026)

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Director of Data and Quant Analytics at GuruFocus
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NSE:IVP IVP Ltd NSE:IVP
76 GF Score
Price ₹177.98
GF Value ₹186.61
Valuation Fairly Valued
! 5 Warning Signs
View Full Analysis

What is IVP E10?

IVP NSE:IVP +1.80% 76 E10 is ₹13.58 as of Jun. 2026. GuruFocus rates NSE:IVP with a GF Score™ of 76/100 and a GF Value™ of ₹186.61 (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.

IVP's adjusted earnings per share data for the three months ended in Jun. 2026 was ₹13.570. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₹13.58 for the trailing ten years ended in Jun. 2026.

During the past 12 months, IVP's average E10 Growth Rate was 5.80% per year. During the past 3 years, the average E10 Growth Rate was 6.90% per year. During the past 5 years, the average E10 Growth Rate was 14.30% 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 IVP was 20.80% per year. The lowest was 6.90% per year. And the median was 15.50% per year.

As of today (2026-08-18), IVP's current stock price is ₹177.98. IVP's E10 for the quarter that ended in Jun. 2026 was ₹13.58. IVP's Shiller PE Ratio of today is 13.11.

During the past 13 years, the highest Shiller PE Ratio of IVP was 25.18. The lowest was 6.75. And the median was 16.26.


IVP  (NSE:IVP) 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.

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

Shiller PE Ratio=Share Price/E10
=177.98/13.58
=13.11

* 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 IVP was 25.18. The lowest was 6.75. And the median was 16.26.


Be Aware

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


IVP E10 Related Terms


IVP E10 Historical Data

* Premium members only.

The historical data trend for IVP'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.

IVP E10 Chart

IVP 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 7.78 10.02 11.52 11.74 12.44

IVP 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 11.51 11.36 11.63 12.44 13.58

NSE:IVP vs LIN, SHW, ECL: E10 Comparison

For the Specialty Chemicals subindustry, IVP'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.


IVP Shiller PE Ratio vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, IVP's Shiller PE Ratio distribution charts can be found below:

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


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

IVP 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, IVP'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)
=13.57/167.3573*167.3573
=13.570

Current CPI (Jun. 2026) = 167.3573.

IVP Quarterly Data

per share eps CPI Adj_EPS
201609 3.070 105.961 4.849
201612 2.720 105.196 4.327
201703 2.130 105.196 3.389
201706 2.050 107.109 3.203
201709 2.660 109.021 4.083
201712 3.430 109.404 5.247
201803 1.930 109.786 2.942
201806 0.090 111.317 0.135
201809 0.750 115.142 1.090
201812 0.860 115.142 1.250
201903 1.590 118.202 2.251
201906 -1.500 120.880 -2.077
201909 -2.740 123.175 -3.723
201912 -2.300 126.235 -3.049
202003 -1.800 124.705 -2.416
202006 -3.810 127.000 -5.021
202009 0.350 130.118 0.450
202012 4.200 130.889 5.370
202103 3.600 131.771 4.572
202106 0.270 134.084 0.337
202109 3.570 135.847 4.398
202112 6.180 138.161 7.486
202203 7.050 138.822 8.499
202206 3.380 142.347 3.974
202209 5.530 144.661 6.398
202212 9.940 145.763 11.413
202303 8.270 146.865 9.424
202306 1.150 150.280 1.281
202309 4.490 151.492 4.960
202312 1.660 152.924 1.817
202403 4.590 153.035 5.020
202406 3.320 155.789 3.567
202409 2.090 157.882 2.215
202412 1.840 158.323 1.945
202503 3.710 157.552 3.941
202506 1.150 159.755 1.205
202509 3.870 162.289 3.991
202512 4.480 163.281 4.592
202603 8.580 164.272 8.741
202606 13.570 167.357 13.570

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 ₹13.58 mean?
IVP (NSE:IVP) has a E10 of ₹13.58 as of Jun. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on IVP and its competitors.
Is IVP's E10 too high?
IVP's current E10 is ₹13.58. Overall, IVP has a GF Score™ of 76/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does IVP's E10 compare to LIN and SHW?
IVP's E10 of ₹13.58 can be compared against companies in the Chemicals 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 Chemicals company?
A good E10 depends on the Chemicals 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 IVP and its competitors. IVP's current E10 is ₹13.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is IVP stock overvalued right now?
Based on GuruFocus' analysis, IVP (NSE:IVP) is currently considered Fairly Valued. The stock's GF Value™ is ₹186.61, compared to a current price of ₹177.98 — trading 4.6% below its estimated fair value. The current E10 is ₹13.58. IVP's overall GF Score™ is 76/100 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 IVP (NSE:IVP), the current E10 is ₹13.58 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 IVP (NSE:IVP) Overvalued in 2026?

Based on GuruFocus' analysis, IVP stock appears to be undervalued. The current stock price of ₹177.98 is trading 4.6% below its estimated GF Value™ of ₹186.61. GuruFocus considers IVP to be Fairly Valued.

Key valuation signals for NSE:IVP:

  • E10: ₹13.58
  • GF Value™: ₹186.61 vs. price of ₹177.98 (4.6% below fair value)
  • GF Score™: 76/100 with 5 warning signs

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


IVP Business Description

Other Exchanges 507580:India
Address Shashikant Narayan Redij Marg, Ghorupdeo, Mumbai, MH, IND, 400 033
IVP Ltd is a manufacturer and exporter of foundry chemicals, castings, and allied products. The products of the company include Binders, Coatings, Polyurethane, and other additives used in the foundry and non-foundry industries. The resin products of the company are for application in diverse fields such as foundry, composites, insulation, and refractory. The coatings products of the company serve the needs of the foundry industry with numerous refractory-based products, while the allied products consist of miscellaneous products for use in both ferrous and non-ferrous foundries.
76GF Score

Get the complete analysis for NSE:IVP

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

₹177.98
Price
₹186.61
GF Value