Star Paper Mills (NSE:STARPAPER) E10: ₹38.21 (As of Mar. 2026)


NSE:STARPAPER Star Paper Mills Ltd NSE:STARPAPER
77 GF Score
Price ₹138.10
GF Value ₹170.64
Valuation Modestly Undervalued
! 6 Warning Signs
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What is Star Paper Mills E10?

Star Paper Mills NSE:STARPAPER +0.15% 77 E10 is ₹38.21 as of Mar. 2026. GuruFocus rates NSE:STARPAPER with a GF Score™ of 77/100 and a GF Value™ of ₹170.64 (Modestly Undervalued). The stock has 6 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.

Star Paper Mills's adjusted earnings per share data for the three months ended in Mar. 2026 was ₹-0.830. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₹38.21 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Star Paper Mills's average E10 Growth Rate was 5.50% per year. During the past 3 years, the average E10 Growth Rate was 12.90% per year. During the past 5 years, the average E10 Growth Rate was 24.80% 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 Star Paper Mills was 38.00% per year. The lowest was 12.90% per year. And the median was 26.60% per year.

As of today (2026-06-28), Star Paper Mills's current stock price is ₹138.10. Star Paper Mills's E10 for the quarter that ended in Mar. 2026 was ₹38.21. Star Paper Mills's Shiller PE Ratio of today is 3.61.

During the past 13 years, the highest Shiller PE Ratio of Star Paper Mills was 12.60. The lowest was 3.27. And the median was 6.87.


Star Paper Mills  (NSE:STARPAPER) 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.

Star Paper Mills's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=138.10/38.21
=3.61

* 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 Star Paper Mills was 12.60. The lowest was 3.27. And the median was 6.87.


Be Aware

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


Star Paper Mills E10 Related Terms


Star Paper Mills E10 Historical Data

* Premium members only.

The historical data trend for Star Paper Mills'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.

Star Paper Mills E10 Chart

Star Paper Mills 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 17.89 26.44 34.29 36.23 38.21

Star Paper Mills 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 36.23 37.17 38.48 38.95 38.21

Star Paper Mills E10 Competitor Comparison

For the Paper & Paper Products subindustry, Star Paper Mills'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.


Star Paper Mills Shiller PE Ratio vs Forest Products Industry

For the Forest Products industry and Basic Materials sector, Star Paper Mills's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Star Paper Mills's Shiller PE Ratio falls into.


NSE:STARPAPER
77GF Score
Star Paper Mills Ltd NSE:STARPAPER
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
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Star Paper Mills 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, Star Paper Mills'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)
=-0.83/164.2724*164.2724
=-0.830

Current CPI (Mar. 2026) = 164.2724.

Star Paper Mills Quarterly Data

per share eps CPI Adj_EPS
201606 8.130 105.961 12.604
201609 10.050 105.961 15.581
201612 8.550 105.196 13.352
201703 11.740 105.196 18.333
201706 8.660 107.109 13.282
201709 9.400 109.021 14.164
201712 7.720 109.404 11.592
201803 8.970 109.786 13.422
201806 6.180 111.317 9.120
201809 5.230 115.142 7.462
201812 5.490 115.142 7.833
201903 17.180 118.202 23.876
201906 8.860 120.880 12.041
201909 4.320 123.175 5.761
201912 5.700 126.235 7.418
202003 5.000 124.705 6.586
202006 5.010 127.000 6.480
202009 1.020 130.118 1.288
202012 5.020 130.889 6.300
202103 5.010 131.771 6.246
202106 3.080 134.084 3.773
202109 4.370 135.847 5.284
202112 4.610 138.161 5.481
202203 11.410 138.822 13.502
202206 9.790 142.347 11.298
202209 13.580 144.661 15.421
202212 8.160 145.763 9.196
202303 10.550 146.865 11.800
202306 12.640 150.280 13.817
202309 9.730 151.492 10.551
202312 9.460 152.924 10.162
202403 9.170 153.035 9.843
202406 8.910 155.789 9.395
202409 9.300 157.882 9.676
202412 4.940 158.323 5.126
202503 3.210 157.552 3.347
202506 8.210 159.755 8.442
202509 8.340 162.289 8.442
202512 5.260 163.281 5.292
202603 -0.830 164.272 -0.830

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 ₹38.21 mean?
Star Paper Mills (NSE:STARPAPER) has a E10 of ₹38.21 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Star Paper Mills and its competitors.
Is Star Paper Mills' E10 too high?
Star Paper Mills' current E10 is ₹38.21. Overall, Star Paper Mills has a GF Score™ of 77/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Star Paper Mills' E10 compare to competitors?
Star Paper Mills' E10 of ₹38.21 can be compared against companies in the Forest Products 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 Forest Products company?
A good E10 depends on the Forest Products 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 Star Paper Mills and its competitors. Star Paper Mills's current E10 is ₹38.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Star Paper Mills stock overvalued right now?
Based on GuruFocus' analysis, Star Paper Mills (NSE:STARPAPER) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹170.64, compared to a current price of ₹138.10 — trading 19.1% below its estimated fair value. The current E10 is ₹38.21. Star Paper Mills' overall GF Score™ is 77/100 with 6 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 Star Paper Mills (NSE:STARPAPER), the current E10 is ₹38.21 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 Star Paper Mills (NSE:STARPAPER) Overvalued in 2026?

Based on GuruFocus' analysis, Star Paper Mills stock appears to be undervalued. The current stock price of ₹138.10 is trading 19.1% below its estimated GF Value™ of ₹170.64. GuruFocus considers Star Paper Mills to be Modestly Undervalued.

Key valuation signals for NSE:STARPAPER:

  • E10: ₹38.21
  • GF Value™: ₹170.64 vs. price of ₹138.10 (19.1% below fair value)
  • GF Score™: 77/100 with 6 warning signs

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


Star Paper Mills Business Description

Other Exchanges 516022:India
Address 31 Netaji Subhash Road, Duncan House, 2nd Floor, Kolkata, WB, IND, 700 001
Star Paper Mills Ltd is engaged in the manufacture and supply of Paper, paperboard, and other related products as its core business. It produces a wide range of Industrial Packaging and cultural paper catering to various segments of the consumer. It sells within Indian markets and Outside India.
77GF Score

Get the complete analysis for NSE:STARPAPER

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

₹138.10
Price
₹170.64
GF Value