ADFJF (ADF Group) E10: $ (As of Jul. 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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.

ADFJF ADF Group Inc ADFJF
73 GF Score
Price $9.58
GF Value $8.21
Valuation Modestly Overvalued
View Full Analysis

What is ADF Group E10?

ADF Group ADFJF -2.76% 73 E10 is $ as of Jul. 2026. GuruFocus rates ADFJF with a GF Score™ of 73/100 and a GF Value™ of $8.21 (Modestly Overvalued).

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.

ADF Group's adjusted earnings per share data for the three months ended in Jul. 2026 was $0.074. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $ for the trailing ten years ended in Jul. 2026.

During the past 12 months, ADF Group's average E10 Growth Rate was 28.60% per year. During the past 3 years, the average E10 Growth Rate was 68.70% per year. During the past 5 years, the average E10 Growth Rate was 94.50% per year. During the past 10 years, the average E10 Growth Rate was 9.00% 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.

During the past 13 years, the highest 3-Year average E10 Growth Rate of ADF Group was 111.80% per year. The lowest was -55.00% per year. And the median was 6.90% per year.

As of today (2026-09-20), ADF Group's current stock price is $9.58. ADF Group's E10 for the quarter that ended in Jul. 2026 was $. ADF Group's Shiller PE Ratio of today is .

During the past 13 years, the highest Shiller PE Ratio of ADF Group was 125.00. The lowest was 11.59. And the median was 25.67.


ADF Group  (OTCPK:ADFJF) 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.

During the past 13 years, the highest Shiller P/E Ratio of ADF Group was 125.00. The lowest was 11.59. And the median was 25.67.


Be Aware

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


ADF Group E10 Related Terms


ADF Group E10 Historical Data

* Premium members only.

The historical data trend for ADF Group'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.

ADF Group E10 Chart

ADF Group Annual Data
Trend Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24 Jan25 Jan26
E10
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ADF Group Quarterly Data
Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26 Jul26
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ADFJF vs ATI, CRS, MLI: E10 Comparison

For the Metal Fabrication subindustry, ADF Group'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.


ADF Group Shiller PE Ratio vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, ADF Group's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where ADF Group's Shiller PE Ratio falls into.


ADFJF
73GF Score
ADF Group Inc ADFJF
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

ADF Group 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, ADF Group's adjusted earnings per share data for the three months ended in Jul. 2026 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Jul. 2026 (Change)*Current CPI (Jul. 2026)
=0.074/134.2375*134.2375
=0.074

Current CPI (Jul. 2026) = 134.2375.

ADF Group Quarterly Data

per share eps CPI Adj_EPS
201610 0.001 102.002 0.001
201701 0.008 102.318 0.010
201704 0.008 103.029 0.010
201707 0.045 103.029 0.059
201710 -0.016 103.424 -0.021
201801 -0.213 104.056 -0.275
201804 -0.024 105.320 -0.030
201807 -0.015 106.110 -0.019
201810 0.045 105.952 0.057
201901 -0.019 105.557 -0.024
201904 0.037 107.453 0.046
201907 0.010 108.243 0.012
201910 -0.094 107.927 -0.117
202001 -0.003 108.085 -0.003
202004 0.002 107.216 0.002
202007 0.047 108.401 0.059
202010 0.060 108.638 0.074
202101 0.050 109.192 0.062
202104 0.107 110.851 0.130
202107 0.037 112.431 0.045
202110 0.068 113.695 0.080
202201 0.021 114.801 0.025
202204 0.103 118.357 0.117
202207 0.129 120.964 0.143
202210 0.067 121.517 0.074
202301 0.053 121.596 0.059
202304 0.122 123.571 0.132
202307 0.242 124.914 0.260
202310 0.253 125.310 0.271
202401 0.238 125.072 0.256
202404 0.345 126.890 0.365
202407 0.375 128.075 0.393
202410 0.403 127.838 0.423
202501 0.220 127.443 0.231
202504 0.214 129.102 0.223
202507 0.023 130.290 0.024
202510 0.259 130.603 0.267
202601 0.161 130.366 0.165
202604 0.308 132.736 0.311
202607 0.074 134.238 0.074

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 $ mean?
ADF Group (ADFJF) has a E10 of $ as of Jul. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on ADF Group and its competitors.
Is ADF Group's E10 too high?
ADF Group's current E10 is $. Overall, ADF Group has a GF Score™ of 73/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does ADF Group's E10 compare to ATI and CRS?
ADF Group's E10 of $ can be compared against companies in the Industrial 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 an Industrial Products company?
A good E10 depends on the Industrial 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 ADF Group and its competitors. ADF Group's current E10 is $. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ADF Group stock overvalued right now?
Based on GuruFocus' analysis, ADF Group (ADFJF) is currently considered Modestly Overvalued. The stock's GF Value™ is $8.21, compared to a current price of $9.58 — trading 16.7% above its estimated fair value. The current E10 is $. ADF Group's overall GF Score™ is 73/100. 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 ADF Group (ADFJF), the current E10 is $ as of Jul. 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 ADF Group (ADFJF) Overvalued in 2026?

Based on GuruFocus' analysis, ADF Group stock appears to be overvalued. The current stock price of $9.58 is trading 16.7% above its estimated GF Value™ of $8.21. GuruFocus considers ADF Group to be Modestly Overvalued.

Key valuation signals for ADFJF:

  • E10: $
  • GF Value™: $8.21 vs. price of $9.58 (16.7% above fair value)
  • GF Score™: 73/100

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


ADF Group Business Description

Other Exchanges 4QM:GermanyDRX:Canada
Address 300 Henry-Bessemer Street, Terrebonne, QC, CAN, J6Y 1T3
ADF Group Inc involves in the design and engineering of connections, fabrication, including industrial coating, and the installation of steel structures and steel built-ups, as well as miscellaneous and architectural metalwork. The company's products and services are intended for the five principal segments of the non-residential construction industry: Office towers and high-rises, Commercial and recreational buildings, Airport facilities, Industrial complexes, and Transport infrastructures and energy. It serves the client base in the non-residential construction industry, such as general contractors, project owners, engineering firms and project architects, and other steel structure fabricators in the United States and Canada.
73GF Score

Get the complete analysis for ADFJF

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

$9.58
Price
$8.21
GF Value