JK Cement (NSE:JKCEMENT) E10: ₹98.13 (As of Mar. 2026)


NSE:JKCEMENT JK Cement Ltd NSE:JKCEMENT
88 GF Score
Price ₹5,444.50
GF Value ₹5,528.47
Valuation Fairly Valued
! 2 Warning Signs
View Full Analysis

What is JK Cement E10?

JK Cement NSE:JKCEMENT +2.35% 88 E10 is ₹98.13 as of Mar. 2026. GuruFocus rates NSE:JKCEMENT with a GF Score™ of 88/100 and a GF Value™ of ₹5,528.47 (Fairly Valued). 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.

JK Cement's adjusted earnings per share data for the three months ended in Mar. 2026 was ₹43.080. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₹98.13 for the trailing ten years ended in Mar. 2026.

During the past 12 months, JK Cement's average E10 Growth Rate was 9.30% 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.

As of today (2026-07-01), JK Cement's current stock price is ₹5444.50. JK Cement's E10 for the quarter that ended in Mar. 2026 was ₹98.13. JK Cement's Shiller PE Ratio of today is 55.48.

During the past 13 years, the highest Shiller PE Ratio of JK Cement was 75.28. The lowest was 46.56. And the median was 56.95.


JK Cement  (NSE:JKCEMENT) 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.

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

Shiller PE Ratio=Share Price/E10
=5444.50/98.13
=55.48

* 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 JK Cement was 75.28. The lowest was 46.56. And the median was 56.95.


Be Aware

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


JK Cement E10 Related Terms


JK Cement E10 Historical Data

* Premium members only.

The historical data trend for JK Cement'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.

JK Cement E10 Chart

JK Cement 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 89.75 98.13

JK Cement 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 89.75 93.66 94.74 95.16 98.13

NSE:JKCEMENT vs CRH, VMC, MLM: E10 Comparison

For the Building Materials subindustry, JK Cement'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.


JK Cement Shiller PE Ratio vs Building Materials Industry

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

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


NSE:JKCEMENT
88GF Score
JK Cement Ltd NSE:JKCEMENT
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

JK Cement 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, JK Cement'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)
=43.08/164.2724*164.2724
=43.080

Current CPI (Mar. 2026) = 164.2724.

JK Cement Quarterly Data

per share eps CPI Adj_EPS
201103 0.000 70.768 0.000
201203 0.000 76.889 0.000
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
201803 0.000 109.786 0.000
201806 6.450 111.317 9.518
201809 7.100 115.142 10.130
201812 5.580 115.142 7.961
201903 21.444 118.202 29.802
201906 17.722 120.880 24.084
201909 10.600 123.175 14.137
201912 16.246 126.235 21.141
202003 21.048 124.705 27.726
202006 6.819 127.000 8.820
202009 28.697 130.118 36.230
202012 28.392 130.889 35.633
202103 27.943 131.771 34.835
202106 24.842 134.084 30.435
202109 19.586 135.847 23.684
202112 18.140 138.161 21.568
202203 25.810 138.822 30.542
202206 20.810 142.347 24.015
202209 14.540 144.661 16.511
202212 5.050 145.763 5.691
202303 14.170 146.865 15.850
202306 14.480 150.280 15.828
202309 22.690 151.492 24.604
202312 36.730 152.924 39.456
202403 28.440 153.035 30.528
202406 23.980 155.789 25.286
202409 16.280 157.882 16.939
202412 24.540 158.323 25.462
202503 46.640 157.552 48.630
202506 41.990 159.755 43.177
202509 20.780 162.289 21.034
202512 22.600 163.281 22.737
202603 43.080 164.272 43.080

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 ₹98.13 mean?
JK Cement (NSE:JKCEMENT) has a E10 of ₹98.13 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on JK Cement and its competitors.
Is JK Cement's E10 too high?
JK Cement's current E10 is ₹98.13. Overall, JK Cement has a GF Score™ of 88/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does JK Cement's E10 compare to CRH and VMC?
JK Cement's E10 of ₹98.13 can be compared against companies in the Building Materials 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 Building Materials company?
A good E10 depends on the Building Materials 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 JK Cement and its competitors. JK Cement's current E10 is ₹98.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is JK Cement stock overvalued right now?
Based on GuruFocus' analysis, JK Cement (NSE:JKCEMENT) is currently considered Fairly Valued. The stock's GF Value™ is ₹5,528.47, compared to a current price of ₹5,444.50 — trading 1.5% below its estimated fair value. The current E10 is ₹98.13. JK Cement's overall GF Score™ is 88/100 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 JK Cement (NSE:JKCEMENT), the current E10 is ₹98.13 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 JK Cement (NSE:JKCEMENT) Overvalued in 2026?

Based on GuruFocus' analysis, JK Cement stock appears to be undervalued. The current stock price of ₹5,444.50 is trading 1.5% below its estimated GF Value™ of ₹5,528.47. GuruFocus considers JK Cement to be Fairly Valued.

Key valuation signals for NSE:JKCEMENT:

  • E10: ₹98.13
  • GF Value™: ₹5,528.47 vs. price of ₹5,444.50 (1.5% below fair value)
  • GF Score™: 88/100 with 2 warning signs

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


JK Cement Business Description

Other Exchanges 532644:India
Address 29/1, Dwarikadheesh Road, Kamla Tower, Kanpur, UP, IND, 208 001
JK Cement Ltd is a building materials holding company. The company manufactures cement and cement-related products that mainly consist of grey and white cement. JK Cement's grey cement includes both Portland Pozzolana Cement (PPC) and Ordinary Portland Cement (OPC). The white cement offerings include JK White Cement, as well as cement-based JK Wall Putty, JK Waterproof, and JK Primaxx. JK Cement's wall putty is used as a plaster for walls and ceilings, while JK Waterproof is a water-repellent powder. It has one reportable segment for the company which is "Cement". The company generates the vast majority of its revenue in India.
88GF Score

Get the complete analysis for NSE:JKCEMENT

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

₹5,444.50
Price
₹5,528.47
GF Value