BTQNF (BQE Water) E10: $0.96 (As of Mar. 2026)

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BTQNF BQE Water Inc BTQNF
78 GF Score
Price $48.09
GF Value $56.44
Valuation Modestly Undervalued
! 3 Warning Signs
View Full Analysis

What is BQE Water E10?

BQE Water BTQNF -12.02% 78 E10 is $0.96 as of Mar. 2026. GuruFocus rates BTQNF with a GF Score™ of 78/100 and a GF Value™ of $56.44 (Modestly Undervalued). The stock has 3 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.

BQE Water's adjusted earnings per share data for the three months ended in Mar. 2026 was $-0.714. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $0.96 for the trailing ten years ended in Mar. 2026.

During the past 12 months, BQE Water's average E10 Growth Rate was 116.90% 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 BQE Water was 52.40% per year. The lowest was 1.40% per year. And the median was 16.40% per year.

As of today (2026-08-04), BQE Water's current stock price is $48.09. BQE Water's E10 for the quarter that ended in Mar. 2026 was $0.96. BQE Water's Shiller PE Ratio of today is 50.09.

During the past 13 years, the highest Shiller PE Ratio of BQE Water was 744.44. The lowest was 49.99. And the median was 68.35.


BQE Water  (OTCPK:BTQNF) 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.

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

Shiller PE Ratio=Share Price/E10
=48.09/0.96
=50.09

* 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 BQE Water was 744.44. The lowest was 49.99. And the median was 68.35.


Be Aware

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


BQE Water E10 Related Terms


BQE Water E10 Historical Data

* Premium members only.

The historical data trend for BQE Water'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.

BQE Water E10 Chart

BQE Water Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1.71 -1.09 -0.25 0.23 0.91

BQE Water 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 0.38 0.57 0.70 0.91 0.96

BTQNF vs WM, RSG, WCN: E10 Comparison

For the Waste Management subindustry, BQE Water'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.


BQE Water Shiller PE Ratio vs Waste Management Industry

For the Waste Management industry and Industrials sector, BQE Water's Shiller PE Ratio distribution charts can be found below:

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


BTQNF
78GF Score
BQE Water Inc BTQNF
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

BQE Water 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, BQE Water'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)
=-0.714/132.2623*132.2623
=-0.714

Current CPI (Mar. 2026) = 132.2623.

BQE Water Quarterly Data

per share eps CPI Adj_EPS
201606 -1.551 102.002 -2.011
201609 0.096 101.765 0.125
201612 0.000 101.449 0.000
201703 -0.747 102.634 -0.963
201706 0.212 103.029 0.272
201709 0.814 103.345 1.042
201712 -1.081 103.345 -1.383
201803 -0.495 105.004 -0.623
201806 0.046 105.557 0.058
201809 0.767 105.636 0.960
201812 -0.203 105.399 -0.255
201903 -0.202 106.979 -0.250
201906 0.218 107.690 0.268
201909 0.529 107.611 0.650
201912 -0.395 107.769 -0.485
202003 -0.014 107.927 -0.017
202006 -0.030 108.401 -0.037
202009 0.884 108.164 1.081
202012 -0.133 108.559 -0.162
202103 -0.342 110.298 -0.410
202106 0.532 111.720 0.630
202109 0.971 112.905 1.137
202112 0.500 113.774 0.581
202203 0.118 117.646 0.133
202206 0.391 120.806 0.428
202209 0.337 120.648 0.369
202212 -0.147 120.964 -0.161
202303 -0.197 122.702 -0.212
202306 0.361 124.203 0.384
202309 1.234 125.230 1.303
202312 0.149 125.072 0.158
202403 -0.288 126.258 -0.302
202406 0.314 127.522 0.326
202409 2.001 127.285 2.079
202412 0.660 127.364 0.685
202503 0.926 129.181 0.948
202506 1.068 129.892 1.087
202509 1.532 130.287 1.555
202512 0.921 130.366 0.934
202603 -0.714 132.262 -0.714

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 $0.96 mean?
BQE Water (BTQNF) has a E10 of $0.96 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on BQE Water and its competitors.
Is BQE Water's E10 too high?
BQE Water's current E10 is $0.96. Overall, BQE Water has a GF Score™ of 78/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does BQE Water's E10 compare to WM and RSG?
BQE Water's E10 of $0.96 can be compared against companies in the Waste Management 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 Waste Management company?
A good E10 depends on the Waste Management 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 BQE Water and its competitors. BQE Water's current E10 is $0.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BQE Water stock overvalued right now?
Based on GuruFocus' analysis, BQE Water (BTQNF) is currently considered Modestly Undervalued. The stock's GF Value™ is $56.44, compared to a current price of $48.09 — trading 14.8% below its estimated fair value. The current E10 is $0.96. BQE Water's overall GF Score™ is 78/100 with 3 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 BQE Water (BTQNF), the current E10 is $0.96 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 BQE Water (BTQNF) Overvalued in 2026?

Based on GuruFocus' analysis, BQE Water stock appears to be undervalued. The current stock price of $48.09 is trading 14.8% below its estimated GF Value™ of $56.44. GuruFocus considers BQE Water to be Modestly Undervalued.

Key valuation signals for BTQNF:

  • E10: $0.96
  • GF Value™: $56.44 vs. price of $48.09 (14.8% below fair value)
  • GF Score™: 78/100 with 3 warning signs

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


BQE Water Business Description

Other Exchanges UL5A:GermanyBQE:Canada
Address 30 East 6th Avenue, Suite 200, Vancouver, BC, CAN, V5T 1J4
BQE Water Inc is a service provider specializing in water treatment and management for metals mining, smelting and refining. It is helping to transform the way the industry thinks about water in the context of natural resource projects by offering services and expertise that enable more sustainable water management practices and improved overall project performance at reduced risks. BQE Water invests in and has developed intellectual property through the commercialization of several new technologies at mine sites around the world for organizations including Glencore, Jiangxi Copper, Freeport-McMoRan and the US EPA.
78GF Score

Get the complete analysis for BTQNF

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

$48.09
Price
$56.44
GF Value