ALM (Almonty Industries) E10: $-0.12 (As of Mar. 2026)


ALM Almonty Industries Inc ALM
53 GF Score
Price $16.45
GF Value $1.12
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Almonty Industries E10?

Almonty Industries ALM -9.51% 53 E10 is $-0.12 as of Mar. 2026. GuruFocus rates ALM with a GF Score™ of 53/100 and a GF Value™ of $1.12 (Significantly Overvalued). The stock has 5 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.

Almonty Industries's adjusted earnings per share data for the three months ended in Mar. 2026 was $-0.015. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $-0.12 for the trailing ten years ended in Mar. 2026.

During the past 3 years, the average E10 Growth Rate was -31.00% per year. During the past 5 years, the average E10 Growth Rate was -14.70% 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.

During the past 13 years, the highest 3-Year average E10 Growth Rate of Almonty Industries was 12.60% per year. The lowest was -50.40% per year. And the median was -31.00% per year.

As of today (2026-06-25), Almonty Industries's current stock price is $16.45. Almonty Industries's E10 for the quarter that ended in Mar. 2026 was $-0.12. Almonty Industries's Shiller PE Ratio of today is .


Almonty Industries  (NAS:ALM) 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.


Be Aware

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


Almonty Industries E10 Related Terms


Almonty Industries E10 Historical Data

* Premium members only.

The historical data trend for Almonty Industries'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.

Almonty Industries E10 Chart

Almonty Industries Annual Data
Trend Sep15 Sep16 Sep17 Sep18 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.04 -0.06 -0.08 -0.12 -0.13

Almonty Industries 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 -0.13 -0.15 -0.14 -0.13 -0.12

Almonty Industries E10 Competitor Comparison

For the Other Industrial Metals & Mining subindustry, Almonty Industries'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.


Almonty Industries Shiller PE Ratio vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Almonty Industries's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Almonty Industries's Shiller PE Ratio falls into.


ALM
53GF Score
Almonty Industries Inc ALM
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
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Almonty Industries 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, Almonty Industries'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)
=-0.015/132.2623*132.2623
=-0.015

Current CPI (Mar. 2026) = 132.2623.

Almonty Industries Quarterly Data

per share eps CPI Adj_EPS
201603 -0.057 101.054 -0.075
201606 -0.035 102.002 -0.045
201609 -0.092 101.765 -0.120
201612 -0.045 101.449 -0.059
201703 -0.034 102.634 -0.044
201706 -0.011 103.029 -0.014
201709 0.012 103.345 0.015
201712 -0.012 103.345 -0.015
201803 0.023 105.004 0.029
201806 0.046 105.557 0.058
201809 -0.115 105.636 -0.144
201812 0.045 105.399 0.056
201903 0.022 106.979 0.027
201906 0.002 107.690 0.002
201909 -0.011 107.611 -0.014
202003 -0.021 107.927 -0.026
202006 0.002 108.401 0.002
202009 -0.011 108.164 -0.013
202012 -0.023 108.559 -0.028
202103 -0.024 110.298 -0.029
202106 -0.012 111.720 -0.014
202109 -0.024 112.905 -0.028
202112 0.023 113.774 0.027
202203 -0.012 117.646 -0.013
202206 -0.012 120.806 -0.013
202209 -0.045 120.648 -0.049
202212 -0.011 120.964 -0.012
202303 -0.011 122.702 -0.012
202306 -0.011 124.203 -0.012
202309 -0.011 125.230 -0.012
202312 -0.011 125.072 -0.012
202403 -0.022 126.258 -0.023
202406 -0.007 127.522 -0.007
202409 -0.022 127.285 -0.023
202412 -0.028 127.364 -0.029
202503 -0.091 129.181 -0.093
202506 -0.219 129.892 -0.223
202509 0.094 130.287 0.095
202512 -0.348 130.366 -0.353
202603 -0.015 132.262 -0.015

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 $-0.12 mean?
Almonty Industries (ALM) has a E10 of $-0.12 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Almonty Industries and its competitors.
Is Almonty Industries' E10 too high?
Almonty Industries' current E10 is $-0.12. Overall, Almonty Industries has a GF Score™ of 53/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Almonty Industries' E10 compare to competitors?
Almonty Industries' E10 of $-0.12 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 E10 for a Metals & Mining company?
A good E10 depends on the Metals & Mining 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 Almonty Industries and its competitors. Almonty Industries's current E10 is $-0.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Almonty Industries stock overvalued right now?
Based on GuruFocus' analysis, Almonty Industries (ALM) is currently considered Significantly Overvalued. The stock's GF Value™ is $1.12, compared to a current price of $16.45 — trading 1368.8% above its estimated fair value. The current E10 is $-0.12. Almonty Industries' overall GF Score™ is 53/100 with 5 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 Almonty Industries (ALM), the current E10 is $-0.12 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 Almonty Industries (ALM) Overvalued in 2026?

Based on GuruFocus' analysis, Almonty Industries stock appears to be overvalued. The current stock price of $16.45 is trading 1368.8% above its estimated GF Value™ of $1.12. GuruFocus considers Almonty Industries to be Significantly Overvalued.

Key valuation signals for ALM:

  • E10: $-0.12
  • GF Value™: $1.12 vs. price of $16.45 (1368.8% above fair value)
  • GF Score™: 53/100 with 5 warning signs

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


Almonty Industries Business Description

Address 100 King Street West, Suite 5700, Toronto, ON, CAN, M5X 1C7
Almonty Industries Inc is engaged in the development of the Sangdong Mine in South Korea, and the Company is currently mining, processing, and shipping tungsten concentrate from the Panasqueira tin and tungsten mine in Covilha, Castelo Branco, Portugal (Panasqueira Mine). Additionally, the Company is evaluating its molybdenum project with inferred mineral resources on a separate property adjacent to the tungsten orebody at the Sangdong Mine, its Valtreixal tin and tungsten mine project located in Western Spain in the province of Zamora (Valtreixal Mine), and the newly-acquired Gentung Browns Lake tungsten project located in Montana, USA (Gentung-Browns Lake Project). The company has two geographical locations: the Iberian Peninsula (Spain and Portugal) and the Republic of Korea.
53GF Score

Get the complete analysis for ALM

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

$16.45
Price
$1.12
GF Value