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B2Gold (B2Gold) E10 : $0.08 (As of Mar. 2024)


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What is B2Gold E10?

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.

B2Gold's adjusted earnings per share data for the three months ended in Mar. 2024 was $0.030. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $0.08 for the trailing ten years ended in Mar. 2024.

During the past 3 years, the average E10 Growth Rate was 26.00% 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 B2Gold was 26.00% per year. The lowest was 26.00% per year. And the median was 26.00% per year.

As of today (2024-07-15), B2Gold's current stock price is $3.03. B2Gold's E10 for the quarter that ended in Mar. 2024 was $0.08. B2Gold's Shiller PE Ratio of today is 37.88.

During the past 13 years, the highest Shiller PE Ratio of B2Gold was 936.00. The lowest was 30.91. And the median was 53.78.


B2Gold E10 Historical Data

The historical data trend for B2Gold'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.

* Premium members only.

B2Gold E10 Chart

B2Gold Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.02 0.04 0.06 0.07 0.08

B2Gold Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 0.08 0.09 0.08 0.08 0.08

Competitive Comparison of B2Gold's E10

For the Gold subindustry, B2Gold'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.


B2Gold's Shiller PE Ratio Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, B2Gold's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where B2Gold's Shiller PE Ratio falls into.



B2Gold 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, B2Gold's adjusted earnings per share data for the three months ended in Mar. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=0.03/126.2576*126.2576
=0.030

Current CPI (Mar. 2024) = 126.2576.

B2Gold Quarterly Data

per share eps CPI Adj_EPS
201406 -0.020 99.473 -0.025
201409 -0.390 99.394 -0.495
201412 -0.390 98.367 -0.501
201503 0.006 99.789 0.008
201506 -0.020 100.500 -0.025
201509 -0.020 100.421 -0.025
201512 -0.130 99.947 -0.164
201603 0.010 101.054 0.012
201606 -0.010 102.002 -0.012
201609 0.040 101.765 0.050
201612 0.006 101.449 0.007
201703 -0.010 102.634 -0.012
201706 0.020 103.029 0.025
201709 0.010 103.345 0.012
201712 0.030 103.345 0.037
201803 0.040 105.004 0.048
201806 0.020 105.557 0.024
201809 0.010 105.636 0.012
201812 -0.060 105.399 -0.072
201903 0.020 106.979 0.024
201906 0.040 107.690 0.047
201909 0.050 107.611 0.059
201912 0.170 107.769 0.199
202003 0.070 107.927 0.082
202006 0.120 108.401 0.140
202009 0.250 108.164 0.292
202012 0.160 108.559 0.186
202103 0.090 110.298 0.103
202106 0.060 111.720 0.068
202109 0.120 112.905 0.134
202112 0.130 113.774 0.144
202203 0.080 117.646 0.086
202206 0.040 120.806 0.042
202209 -0.020 120.648 -0.021
202212 0.150 120.964 0.157
202303 0.080 122.702 0.082
202306 0.060 124.203 0.061
202309 -0.030 125.230 -0.030
202312 -0.090 125.072 -0.091
202403 0.030 126.258 0.030

Add all the adjusted EPS together and divide 10 will get our e10.


B2Gold  (AMEX:BTG) 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.

B2Gold's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=3.03/0.08
=37.88

* 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 B2Gold was 936.00. The lowest was 30.91. And the median was 53.78.


Be Aware

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


B2Gold E10 Related Terms

Thank you for viewing the detailed overview of B2Gold's E10 provided by GuruFocus.com. Please click on the following links to see related term pages.


B2Gold (B2Gold) Business Description

Address
666 Burrard Street, Park Place, Suite 3400, Vancouver, BC, CAN, V6C 2X8
B2Gold Corp is an international, low-cost, senior gold mining company. It has three operating open-pit gold mines in Mali, Namibia, and the Philippines and numerous exploration projects across four continents. Other significant assets include the Gramalote and Kiaka gold projects. The company focuses on acquiring and developing interests in mineral properties with a primary focus on gold deposits as gold production forms all its revenue. There is no dependence on a particular purchaser because the gold is sold into a global market. The company's reportable operating segments include its mining operations and development projects, namely Fekola; Masbate; Otjikoto; other mineral properties; and corporate and other. It generates maximum revenue from the Fekola mine segment in Mali.