Monte Carlo Fashions (NSE:MONTECARLO) E10: ₹46.23 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

NSE:MONTECARLO Monte Carlo Fashions Ltd NSE:MONTECARLO
86 GF Score
Price ₹537.25
GF Value ₹801.24
Valuation Significantly Undervalued
! 4 Warning Signs
View Full Analysis

What is Monte Carlo Fashions E10?

Monte Carlo Fashions NSE:MONTECARLO -0.81% 86 E10 is ₹46.23 as of Mar. 2026. GuruFocus rates NSE:MONTECARLO with a GF Score™ of 86/100 and a GF Value™ of ₹801.24 (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.

Monte Carlo Fashions's adjusted earnings per share data for the three months ended in Mar. 2026 was ₹2.420. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₹46.23 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Monte Carlo Fashions's average E10 Growth Rate was 6.70% 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 (2026-07-14), Monte Carlo Fashions's current stock price is ₹537.25. Monte Carlo Fashions's E10 for the quarter that ended in Mar. 2026 was ₹46.23. Monte Carlo Fashions's Shiller PE Ratio of today is 11.62.

During the past 13 years, the highest Shiller PE Ratio of Monte Carlo Fashions was 21.42. The lowest was 10.69. And the median was 15.07.


Monte Carlo Fashions  (NSE:MONTECARLO) 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.

Monte Carlo Fashions's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=537.25/46.23
=11.62

* 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 Monte Carlo Fashions was 21.42. The lowest was 10.69. And the median was 15.07.


Be Aware

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


Monte Carlo Fashions E10 Related Terms


Monte Carlo Fashions E10 Historical Data

* Premium members only.

The historical data trend for Monte Carlo Fashions'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.

Monte Carlo Fashions E10 Chart

Monte Carlo Fashions 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 43.18 43.35 46.23

Monte Carlo Fashions 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 43.35 43.15 43.67 45.84 46.23

NSE:MONTECARLO vs RL, LEVI, VFC: E10 Comparison

For the Apparel Manufacturing subindustry, Monte Carlo Fashions'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.


Monte Carlo Fashions Shiller PE Ratio vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Monte Carlo Fashions's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Monte Carlo Fashions's Shiller PE Ratio falls into.


NSE:MONTECARLO
86GF Score
Monte Carlo Fashions Ltd NSE:MONTECARLO
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Monte Carlo Fashions 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, Monte Carlo Fashions'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)
=2.42/164.2724*164.2724
=2.420

Current CPI (Mar. 2026) = 164.2724.

Monte Carlo Fashions Quarterly Data

per share eps CPI Adj_EPS
201606 1.490 105.961 2.310
201609 6.190 105.961 9.596
201612 16.060 105.196 25.079
201703 -3.430 105.196 -5.356
201706 2.400 107.109 3.681
201709 7.160 109.021 10.789
201712 28.610 109.404 42.959
201803 -4.070 109.786 -6.090
201806 -1.770 111.317 -2.612
201809 3.140 115.142 4.480
201812 34.720 115.142 49.535
201903 -9.250 118.202 -12.855
201906 -2.960 120.880 -4.023
201909 3.270 123.175 4.361
201912 34.850 126.235 45.351
202003 -4.930 124.705 -6.494
202006 -6.530 127.000 -8.446
202009 2.130 130.118 2.689
202012 38.280 130.889 48.043
202103 -1.910 131.771 -2.381
202106 -4.910 134.084 -6.015
202109 16.360 135.847 19.783
202112 37.360 138.161 44.421
202203 6.140 138.822 7.266
202206 -1.890 142.347 -2.181
202209 14.620 144.661 16.602
202212 41.630 145.763 46.916
202303 9.560 146.865 10.693
202306 -5.590 150.280 -6.110
202309 6.400 151.492 6.940
202312 37.270 152.924 40.036
202403 -9.170 153.035 -9.843
202406 -6.400 155.789 -6.749
202409 3.880 157.882 4.037
202412 46.660 158.323 48.413
202503 -4.990 157.552 -5.203
202506 -7.870 159.755 -8.093
202509 7.840 162.289 7.936
202512 51.610 163.281 51.923
202603 2.420 164.272 2.420

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 ₹46.23 mean?
Monte Carlo Fashions (NSE:MONTECARLO) has a E10 of ₹46.23 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Monte Carlo Fashions and its competitors.
Is Monte Carlo Fashions' E10 too high?
Monte Carlo Fashions' current E10 is ₹46.23. Overall, Monte Carlo Fashions has a GF Score™ of 86/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Monte Carlo Fashions' E10 compare to RL and LEVI?
Monte Carlo Fashions' E10 of ₹46.23 can be compared against companies in the Manufacturing - Apparel & Accessories 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 Manufacturing - Apparel & Accessories company?
A good E10 depends on the Manufacturing - Apparel & Accessories 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 Monte Carlo Fashions and its competitors. Monte Carlo Fashions's current E10 is ₹46.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Monte Carlo Fashions stock overvalued right now?
Based on GuruFocus' analysis, Monte Carlo Fashions (NSE:MONTECARLO) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹801.24, compared to a current price of ₹537.25 — trading 32.9% below its estimated fair value. The current E10 is ₹46.23. Monte Carlo Fashions' overall GF Score™ is 86/100 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 Monte Carlo Fashions (NSE:MONTECARLO), the current E10 is ₹46.23 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 Monte Carlo Fashions (NSE:MONTECARLO) Overvalued in 2026?

Based on GuruFocus' analysis, Monte Carlo Fashions stock appears to be undervalued. The current stock price of ₹537.25 is trading 32.9% below its estimated GF Value™ of ₹801.24. GuruFocus considers Monte Carlo Fashions to be Significantly Undervalued.

Key valuation signals for NSE:MONTECARLO:

  • E10: ₹46.23
  • GF Value™: ₹801.24 vs. price of ₹537.25 (32.9% below fair value)
  • GF Score™: 86/100 with 4 warning signs

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


Monte Carlo Fashions Business Description

Other Exchanges 538836:India
Address G.T. Road, B-XXIX-106, Sherpur, Ludhiana, PB, IND, 141003
Monte Carlo Fashions Ltd is an apparel brand based in Ludhiana, Punjab, specializing in the manufacturing and retailing of woolen and cotton garments for men, women, and tweens. The company's product range includes designer woolen and cotton apparel, home textiles, and accessories. It operates through a multi-channel distribution network which includes exclusive brand outlets and multi-brand retail locations across India, alongside an expanding e-commerce presence. Monte Carlo combines in-house manufacturing facilities with high technology to design and produce seasonal collections, positioning itself in the mid-to-premium fashion segment.
86GF Score

Get the complete analysis for NSE:MONTECARLO

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

₹537.25
Price
₹801.24
GF Value