CNX (CNX Resources) E10: $1.36 (As of Jun. 2026)

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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.

CNX CNX Resources Corp CNX
68 GF Score
Price $34.54
GF Value $43.07
Valuation Modestly Undervalued
! 4 Warning Signs
View Full Analysis

What is CNX Resources E10?

CNX Resources CNX -3.11% 68 E10 is $1.36 as of Jun. 2026. GuruFocus rates CNX with a GF Score™ of 68/100 and a GF Value™ of $43.07 (Modestly Undervalued). The stock has 4 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.

CNX Resources's adjusted earnings per share data for the three months ended in Jun. 2026 was $1.320. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $1.36 for the trailing ten years ended in Jun. 2026.

During the past 12 months, CNX Resources's average E10 Growth Rate was 183.30% 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 CNX Resources was 44.20% per year. The lowest was -75.60% per year. And the median was -6.80% per year.

As of today (2026-08-06), CNX Resources's current stock price is $34.54. CNX Resources's E10 for the quarter that ended in Jun. 2026 was $1.36. CNX Resources's Shiller PE Ratio of today is 25.40.

During the past 13 years, the highest Shiller PE Ratio of CNX Resources was 1082.50. The lowest was 4.93. And the median was 18.63.


CNX Resources  (NYSE:CNX) 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.

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

Shiller PE Ratio=Share Price/E10
=34.54/1.36
=25.40

* 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 CNX Resources was 1082.50. The lowest was 4.93. And the median was 18.63.


Be Aware

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


CNX Resources E10 Related Terms


CNX Resources E10 Historical Data

* Premium members only.

The historical data trend for CNX Resources'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.

CNX Resources E10 Chart

CNX Resources 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 0.02 -0.32 0.21 0.06 0.65

CNX Resources Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 0.48 0.54 0.65 0.94 1.36

CNX vs CRC, MUR, CRK: E10 Comparison

For the Oil & Gas E&P subindustry, CNX Resources'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.


CNX Resources Shiller PE Ratio vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, CNX Resources's Shiller PE Ratio distribution charts can be found below:

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


CNX
68GF Score
CNX Resources Corp CNX
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

CNX Resources 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, CNX Resources's adjusted earnings per share data for the three months ended in Jun. 2026 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=1.32/333.9520*333.9520
=1.320

Current CPI (Jun. 2026) = 333.9520.

CNX Resources Quarterly Data

per share eps CPI Adj_EPS
201609 0.110 241.428 0.152
201612 -1.330 241.432 -1.840
201703 -0.170 243.801 -0.233
201706 0.730 244.955 0.995
201709 -0.110 246.819 -0.149
201712 1.210 246.524 1.639
201803 2.350 249.554 3.145
201806 0.190 251.989 0.252
201809 0.590 252.439 0.781
201812 0.500 251.233 0.665
201903 -0.440 254.202 -0.578
201906 0.840 256.143 1.095
201909 0.610 256.759 0.793
201912 -1.450 256.974 -1.884
202003 -1.760 258.115 -2.277
202006 -0.780 257.797 -1.010
202009 -1.030 260.280 -1.322
202012 0.870 260.474 1.115
202103 0.430 264.877 0.542
202106 -1.610 271.696 -1.979
202109 -4.050 274.310 -4.931
202112 2.900 278.802 3.474
202203 -4.620 287.504 -5.366
202206 0.150 296.311 0.169
202209 -2.280 296.808 -2.565
202212 5.680 296.797 6.391
202303 3.610 301.836 3.994
202306 2.470 305.109 2.703
202309 0.120 307.789 0.130
202312 2.890 306.746 3.146
202403 0.040 312.332 0.043
202406 -0.120 314.175 -0.128
202409 0.370 315.301 0.392
202412 -0.970 315.605 -1.026
202503 -1.340 319.799 -1.399
202506 2.530 322.561 2.619
202509 1.210 324.800 1.244
202512 1.280 324.054 1.319
202603 2.180 330.213 2.205
202606 1.320 333.952 1.320

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 $1.36 mean?
CNX Resources (CNX) has a E10 of $1.36 as of Jun. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on CNX Resources and its competitors.
Is CNX Resources' E10 too high?
CNX Resources' current E10 is $1.36. Overall, CNX Resources has a GF Score™ of 68/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does CNX Resources' E10 compare to CRC and MUR?
CNX Resources' E10 of $1.36 can be compared against companies in the Oil & Gas 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 Oil & Gas company?
A good E10 depends on the Oil & Gas 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 CNX Resources and its competitors. CNX Resources's current E10 is $1.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CNX Resources stock overvalued right now?
Based on GuruFocus' analysis, CNX Resources (CNX) is currently considered Modestly Undervalued. The stock's GF Value™ is $43.07, compared to a current price of $34.54 — trading 19.8% below its estimated fair value. The current E10 is $1.36. CNX Resources' overall GF Score™ is 68/100 with 4 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 CNX Resources (CNX), the current E10 is $1.36 as of Jun. 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 CNX Resources (CNX) Overvalued in 2026?

Based on GuruFocus' analysis, CNX Resources stock appears to be undervalued. The current stock price of $34.54 is trading 19.8% below its estimated GF Value™ of $43.07. GuruFocus considers CNX Resources to be Modestly Undervalued.

Key valuation signals for CNX:

  • E10: $1.36
  • GF Value™: $43.07 vs. price of $34.54 (19.8% below fair value)
  • GF Score™: 68/100 with 4 warning signs

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


CNX Resources Business Description

Industry EnergyOil & Gas
Other Exchanges CGD:Germany
Address 1000 Horizon Vue Drive, CNX Center, Canonsburg, PA, USA, 15317-6506
CNX Resources Corp is an independent natural gas development, production, midstream and technology company centered in the Appalachian Basin. It is focused on unconventional shale formations, prominently the Marcellus Shale and Utica Shale, in Pennsylvania, Ohio and West Virginia. Additionally, the company operates and develops Coalbed Methane (CBM) properties in Virginia. the company has two reportable segments: Shale and Coalbed Methane. The majority of the company's revenue is derived from the Shale segment.
68GF Score

Get the complete analysis for CNX

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

$34.54
Price
$43.07
GF Value