Eldorado Gold (MEX:EGO N) Cyclically Adjusted Book per Share: MXN223.80 (As of Mar. 2026)

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Director of Data and Quant Analytics at GuruFocus
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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.

MEX:EGO N Eldorado Gold Corp MEX:EGO N
91 GF Score
Price MXN338.00
GF Value MXN409.87
! 3 Warning Signs
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What is Eldorado Gold Cyclically Adjusted Book per Share?

Eldorado Gold MEX:EGO N 91 Cyclically Adjusted Book per Share is MXN223.80 as of Mar. 2026. GuruFocus rates MEX:EGO N with a GF Score™ of 91/100 and a GF Value™ of MXN409.87. The stock has 3 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years.

Eldorado Gold's adjusted book value per share for the three months ended in Mar. 2026 was MXN397.573. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is MXN223.80 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Eldorado Gold's average Cyclically Adjusted Book Growth Rate was -4.70% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was -5.50% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was -3.30% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 1.40% 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 Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Eldorado Gold was 27.70% per year. The lowest was -21.80% per year. And the median was 5.35% per year.

As of today (2026-07-21), Eldorado Gold's current stock price is MXN338.00. Eldorado Gold's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was MXN223.80. Eldorado Gold's Cyclically Adjusted PB Ratio of today is 1.51.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Eldorado Gold was 2.04. The lowest was 0.10. And the median was 0.38.


Eldorado Gold  (MEX:EGO N) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Eldorado Gold's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=338.00/223.80
=1.51

* 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 Cyclically Adjusted PB Ratio of Eldorado Gold was 2.04. The lowest was 0.10. And the median was 0.38.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


Eldorado Gold Cyclically Adjusted Book per Share Related Terms


Eldorado Gold Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Eldorado Gold's Cyclically Adjusted Book per Share 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.

Eldorado Gold Cyclically Adjusted Book per Share Chart

Eldorado Gold Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 625.30 649.39 406.39 322.06 216.17

Eldorado Gold Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cyclically Adjusted Book per Share 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 396.52 397.99 268.79 216.17 223.80

MEX:EGO N vs NEM, AU: Cyclically Adjusted Book per Share Comparison

For the Gold subindustry, Eldorado Gold's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB 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.


Eldorado Gold Cyclically Adjusted PB Ratio vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Eldorado Gold's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Eldorado Gold's Cyclically Adjusted PB Ratio falls into.


MEX:EGO N
91GF Score
Eldorado Gold Corp MEX:EGO N
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Eldorado Gold Cyclically Adjusted Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted Book per Share.

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, Eldorado Gold's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book= Book Value per Share /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=397.573/132.2623*132.2623
=397.573

Current CPI (Mar. 2026) = 132.2623.

Eldorado Gold Quarterly Data

Book Value per Share CPI Adj_Book
201606 451.921 102.002 585.992
201609 475.346 101.765 617.802
201612 501.004 101.449 653.178
201703 458.859 102.634 591.324
201706 442.047 103.029 567.474
201709 418.856 103.345 536.059
201712 450.607 103.345 576.694
201803 417.948 105.004 526.444
201806 449.016 105.557 562.614
201809 412.443 105.636 516.402
201812 406.008 105.399 509.488
201903 398.022 106.979 492.089
201906 395.975 107.690 486.326
201909 408.584 107.611 502.180
201912 390.376 107.769 479.098
202003 480.980 107.927 589.429
202006 469.418 108.401 572.744
202009 453.950 108.164 555.086
202012 414.619 108.559 505.147
202103 422.085 110.298 506.139
202106 400.806 111.720 474.504
202109 408.626 112.905 478.684
202112 400.949 113.774 466.103
202203 350.669 117.646 394.238
202206 351.244 120.806 384.554
202209 344.182 120.648 377.315
202212 338.020 120.964 369.592
202303 316.624 122.702 341.293
202306 288.761 124.203 307.497
202309 292.901 125.230 309.348
202312 293.977 125.072 310.877
202403 291.817 126.258 305.696
202406 328.341 127.522 340.547
202409 362.466 127.285 376.641
202412 396.525 127.364 411.776
202503 397.470 129.181 406.951
202506 378.376 129.892 385.281
202509 374.213 130.287 379.886
202512 389.189 130.366 394.850
202603 397.573 132.262 397.573

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

What does a Cyclically Adjusted Book per Share of MXN223.80 mean?
Eldorado Gold (MEX:EGO N) has a Cyclically Adjusted Book per Share of MXN223.80 as of Mar. 2026. Cyclically adjusted book value per share represents the company's inflation-adjusted book value per share over a 10-year period. View historical data on Eldorado Gold and its competitors.
Is Eldorado Gold's Cyclically Adjusted Book per Share too high?
Eldorado Gold's current Cyclically Adjusted Book per Share is MXN223.80. Overall, Eldorado Gold has a GF Score™ of 91/100, reflecting its overall financial health beyond just this single metric.
How does Eldorado Gold's Cyclically Adjusted Book per Share compare to NEM and AU?
Eldorado Gold's Cyclically Adjusted Book per Share of MXN223.80 can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted Book per Share for a Metals & Mining company?
A good Cyclically Adjusted Book per Share depends on the Metals & Mining industry context. However, Cyclically Adjusted Book per Share 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 Cyclically Adjusted Book per Share mean?
A high Cyclically Adjusted Book per Share can signal that a stock is expensive relative to its fundamentals. Cyclically adjusted book value per share represents the company's inflation-adjusted book value per share over a 10-year period. View historical data on Eldorado Gold and its competitors. Eldorado Gold's current Cyclically Adjusted Book per Share is MXN223.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Eldorado Gold stock overvalued right now?
Eldorado Gold (MEX:EGO N) has a current Cyclically Adjusted Book per Share of MXN223.80. The stock's GF Value™ is MXN409.87, compared to a current price of MXN338.00 — trading 17.5% below its estimated fair value. The current Cyclically Adjusted Book per Share is MXN223.80. Eldorado Gold's overall GF Score™ is 91/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted Book per Share calculated?
Cyclically Adjusted Book per Share is calculated from a company's financial statements. For Eldorado Gold (MEX:EGO N), the current Cyclically Adjusted Book per Share is MXN223.80 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 Eldorado Gold (MEX:EGO N) Overvalued in 2026?

Based on GuruFocus' analysis, Eldorado Gold stock appears to be undervalued. The current stock price of MXN338.00 is trading 17.5% below its estimated GF Value™ of MXN409.87.

Key valuation signals for MEX:EGO N:

  • Cyclically Adjusted Book per Share: MXN223.80
  • GF Value™: MXN409.87 vs. price of MXN338.00 (17.5% below fair value)
  • GF Score™: 91/100 with 3 warning signs

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


Eldorado Gold Business Description

Address 550 Burrard Street, Suite 1188, Vancouver, BC, CAN, V6C 2B5
Eldorado Gold Corp is a gold and base metals producer with mining, development, and exploration operations in Turkey, Canada, and Greece. It has a portfolio of high-quality assets and long-term partnerships with local communities. Some of its projects include Kisladag, Efemcukuru, Skouries; Perama Hill, and Certej projects. It has three geographical segments: The Turkiye reporting segment includes the Kisladag and the Efemcukuru mines and exploration activities in Turkiye. The Canada reporting segment that derives maximum revenue, includes Lamaque and exploration activities in Canada. The Greece reporting segment includes the Olympias mine, the Skouries and Perama Hill projects and exploration activities in Greece.
91GF Score

Get the complete analysis for MEX:EGO N

Cyclically Adjusted Book per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

MXN338.00
Price
MXN409.87
GF Value