Safari Industries (India) (NSE:SAFARI) E10: ₹16.31 (As of Mar. 2026)


NSE:SAFARI Safari Industries (India) Ltd NSE:SAFARI
79 GF Score
Price ₹1,639.90
GF Value ₹2,705.53
Valuation Possible Value Trap
! 2 Warning Signs
View Full Analysis

What is Safari Industries (India) E10?

Safari Industries (India) NSE:SAFARI +1.25% 79 E10 is ₹16.31 as of Mar. 2026. GuruFocus rates NSE:SAFARI with a GF Score™ of 79/100 and a GF Value™ of ₹2,705.53 (Possible Value Trap). 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.

Safari Industries (India)'s adjusted earnings per share data for the three months ended in Mar. 2026 was ₹7.650. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₹16.31 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Safari Industries (India)'s average E10 Growth Rate was 32.00% 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 (2026-07-03), Safari Industries (India)'s current stock price is ₹1639.90. Safari Industries (India)'s E10 for the quarter that ended in Mar. 2026 was ₹16.31. Safari Industries (India)'s Shiller PE Ratio of today is 100.55.

During the past 13 years, the highest Shiller PE Ratio of Safari Industries (India) was 325.98. The lowest was 86.94. And the median was 217.37.


Safari Industries (India)  (NSE:SAFARI) 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.

Safari Industries (India)'s Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=1639.90/16.31
=100.55

* 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 Safari Industries (India) was 325.98. The lowest was 86.94. And the median was 217.37.


Be Aware

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


Safari Industries (India) E10 Related Terms


Safari Industries (India) E10 Historical Data

* Premium members only.

The historical data trend for Safari Industries (India)'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.

Safari Industries (India) E10 Chart

Safari Industries (India) 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 8.63 12.35 16.31

Safari Industries (India) 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 12.35 13.55 14.81 15.50 16.31

NSE:SAFARI vs NKE, DECK, ONON: E10 Comparison

For the Footwear & Accessories subindustry, Safari Industries (India)'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.


Safari Industries (India) Shiller PE Ratio vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Safari Industries (India)'s Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Safari Industries (India)'s Shiller PE Ratio falls into.


NSE:SAFARI
79GF Score
Safari Industries (India) Ltd NSE:SAFARI
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Safari Industries (India) 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, Safari Industries (India)'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)
=7.65/164.2724*164.2724
=7.650

Current CPI (Mar. 2026) = 164.2724.

Safari Industries (India) Quarterly Data

per share eps CPI Adj_EPS
201309 -0.513 91.042 -0.926
201312 -0.111 91.425 -0.199
201403 0.081 91.425 0.146
201406 0.754 94.103 1.316
201409 -0.161 96.780 -0.273
201412 -0.063 96.780 -0.107
201503 0.792 97.163 1.339
201506 1.091 99.841 1.795
201603 0.000 102.518 0.000
201703 0.000 105.196 0.000
201803 0.000 109.786 0.000
201903 0.000 118.202 0.000
201906 1.845 120.880 2.507
201909 1.835 123.175 2.447
201912 2.125 126.235 2.765
202003 1.045 124.705 1.377
202006 -4.320 127.000 -5.588
202009 -2.005 130.118 -2.531
202012 0.265 130.889 0.333
202103 1.390 131.771 1.733
202106 0.535 134.084 0.655
202109 2.255 135.847 2.727
202112 1.455 138.161 1.730
202203 0.535 138.822 0.633
202206 5.785 142.347 6.676
202209 5.540 144.661 6.291
202212 7.210 145.763 8.126
202303 7.970 146.865 8.915
202306 10.450 150.280 11.423
202309 8.320 151.492 9.022
202312 8.980 152.924 9.646
202403 8.970 153.035 9.629
202406 9.070 155.789 9.564
202409 6.060 157.882 6.305
202412 6.360 158.323 6.599
202503 7.670 157.552 7.997
202506 10.310 159.755 10.602
202509 9.580 162.289 9.697
202512 6.700 163.281 6.741
202603 7.650 164.272 7.650

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 ₹16.31 mean?
Safari Industries (India) (NSE:SAFARI) has a E10 of ₹16.31 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Safari Industries (India) and its competitors.
Is Safari Industries (India)'s E10 too high?
Safari Industries (India)'s current E10 is ₹16.31. Overall, Safari Industries (India) has a GF Score™ of 79/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Safari Industries (India)'s E10 compare to NKE and DECK?
Safari Industries (India)'s E10 of ₹16.31 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 Safari Industries (India) and its competitors. Safari Industries (India)'s current E10 is ₹16.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Safari Industries (India) stock overvalued right now?
Based on GuruFocus' analysis, Safari Industries (India) (NSE:SAFARI) is currently considered Possible Value Trap. The stock's GF Value™ is ₹2,705.53, compared to a current price of ₹1,639.90 — trading 39.4% below its estimated fair value. The current E10 is ₹16.31. Safari Industries (India)'s overall GF Score™ is 79/100 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 Safari Industries (India) (NSE:SAFARI), the current E10 is ₹16.31 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 Safari Industries (India) (NSE:SAFARI) Overvalued in 2026?

Based on GuruFocus' analysis, Safari Industries (India) stock appears to be undervalued. The current stock price of ₹1,639.90 is trading 39.4% below its estimated GF Value™ of ₹2,705.53. GuruFocus considers Safari Industries (India) to be Possible Value Trap.

Key valuation signals for NSE:SAFARI:

  • E10: ₹16.31
  • GF Value™: ₹2,705.53 vs. price of ₹1,639.90 (39.4% below fair value)
  • GF Score™: 79/100 with 2 warning signs

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


Safari Industries (India) Business Description

Other Exchanges 523025:India
Address A/2, MV Road, 302-303, A Wing, The Qube, CTS No. 1498, Marol, Andheri (East), Mumbai, MH, IND, 400059
Safari Industries (India) Ltd is an India-based company engaged in the manufacturing and marketing of luggage and luggage accessories. The company offers Hard luggage cases and Soft luggage cases. The company's product range includes Laptop bags, Backpacks, suitcases, four and two-wheel trolleys, Duffle bags, and Rolling duffle bags, and others.
79GF Score

Get the complete analysis for NSE:SAFARI

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

₹1,639.90
Price
₹2,705.53
GF Value