GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Pan American Silver Corp (BUE:PAAS) » Definitions » E10

Pan American Silver (BUE:PAAS) E10 : ARS10.96 (As of Dec. 2024)


View and export this data going back to 2021. Start your Free Trial

What is Pan American Silver 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.

Pan American Silver's adjusted earnings per share data for the three months ended in Dec. 2024 was ARS303.000. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ARS10.96 for the trailing ten years ended in Dec. 2024.

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 Pan American Silver was 58.70% per year. The lowest was -58.70% per year. And the median was -11.05% per year.

As of today (2025-04-09), Pan American Silver's current stock price is ARS9890.00. Pan American Silver's E10 for the quarter that ended in Dec. 2024 was ARS10.96. Pan American Silver's Shiller PE Ratio of today is 902.37.

During the past 13 years, the highest Shiller PE Ratio of Pan American Silver was 928.50. The lowest was 753.50. And the median was 861.25.


Pan American Silver E10 Historical Data

The historical data trend for Pan American Silver'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.

Pan American Silver E10 Chart

Pan American Silver Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only - -29.28 -72.81 -130.85 10.96

Pan American Silver Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 -130.85 -143.88 -187.82 -158.36 10.96

Competitive Comparison of Pan American Silver's E10

For the Gold subindustry, Pan American Silver'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.


Pan American Silver's Shiller PE Ratio Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Pan American Silver's Shiller PE Ratio falls into.


;
;

Pan American Silver 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, Pan American Silver's adjusted earnings per share data for the three months ended in Dec. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Dec. 2024 (Change)*Current CPI (Dec. 2024)
=303/127.3637*127.3637
=303.000

Current CPI (Dec. 2024) = 127.3637.

Pan American Silver Quarterly Data

per share eps CPI Adj_EPS
201503 -1.147 99.789 -1.464
201506 -0.454 100.500 -0.575
201509 -4.137 100.421 -5.247
201512 -11.390 99.947 -14.514
201603 0.146 101.054 0.184
201606 3.076 102.002 3.841
201609 4.177 101.765 5.228
201612 2.219 101.449 2.786
201703 2.004 102.634 2.487
201706 3.792 103.029 4.688
201709 1.928 103.345 2.376
201712 6.110 103.345 7.530
201803 6.246 105.004 7.576
201806 5.986 105.557 7.223
201809 -2.208 105.636 -2.662
201812 -15.836 105.399 -19.136
201903 0.782 106.979 0.931
201906 4.021 107.690 4.756
201909 10.067 107.611 11.915
201912 14.943 107.769 17.660
202003 -22.966 107.927 -27.102
202006 6.846 108.401 8.044
202009 23.014 108.164 27.099
202012 65.104 108.559 76.381
202103 -3.603 110.298 -4.160
202106 32.208 111.720 36.718
202109 9.778 112.905 11.030
202112 7.069 113.774 7.913
202203 38.654 117.646 41.847
202206 -99.874 120.806 -105.296
202209 -47.243 120.648 -49.873
202212 -137.473 120.964 -144.746
202303 15.804 122.702 16.404
202306 -21.600 124.203 -22.150
202309 -17.498 125.230 -17.796
202312 -75.810 125.072 -77.199
202403 -67.400 126.258 -67.990
202406 -53.730 127.522 -53.663
202409 152.080 127.285 152.174
202412 303.000 127.364 303.000

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


Pan American Silver  (BUE:PAAS) 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.

Pan American Silver's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=9890.00/10.96
=902.37

* 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 Pan American Silver was 928.50. The lowest was 753.50. And the median was 861.25.


Be Aware

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


Pan American Silver E10 Related Terms

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


Pan American Silver Business Description

Traded in Other Exchanges
Address
733 Seymour Street, Suite 2100, Vancouver, BC, CAN, V6B0S6
Pan American Silver Corp is a mining company principally engaged in the operation and development of, and exploration for, silver and gold-producing properties and assets. The company's principal products are silver and gold, although it also produces and sells zinc, lead, and copper. Its operating mines comprise La Colorada, Dolores, Huaron, Morococha, Shahuindo, La Arena, Timmins West, Bell Creek, Manantial Espejo, and San Vicente mines.