EPM (Evolution Petroleum) E10: $0.43 (As of Mar. 2026)


EPM Evolution Petroleum Corp EPM
75 GF Score
Price $3.82
GF Value $4.70
Valuation Modestly Undervalued
! 6 Warning Signs
View Full Analysis

What is Evolution Petroleum E10?

Evolution Petroleum EPM -0.78% 75 E10 is $0.43 as of Mar. 2026. GuruFocus rates EPM with a GF Score™ of 75/100 and a GF Value™ of $4.70 (Modestly Undervalued). The stock has 6 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.

Evolution Petroleum's adjusted earnings per share data for the three months ended in Mar. 2026 was $-0.260. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $0.43 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Evolution Petroleum's average E10 Growth Rate was -4.40% per year. During the past 3 years, the average E10 Growth Rate was 9.50% per year. During the past 5 years, the average E10 Growth Rate was 13.90% per year. During the past 10 years, the average E10 Growth Rate was 17.70% 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 Evolution Petroleum was 61.20% per year. The lowest was 6.30% per year. And the median was 16.30% per year.

As of today (2026-06-25), Evolution Petroleum's current stock price is $3.82. Evolution Petroleum's E10 for the quarter that ended in Mar. 2026 was $0.43. Evolution Petroleum's Shiller PE Ratio of today is 8.88.

During the past 13 years, the highest Shiller PE Ratio of Evolution Petroleum was 111.67. The lowest was 7.47. And the median was 18.68.


Evolution Petroleum  (AMEX:EPM) 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.

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

Shiller PE Ratio=Share Price/E10
=3.82/0.43
=8.88

* 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 Evolution Petroleum was 111.67. The lowest was 7.47. And the median was 18.68.


Be Aware

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


Evolution Petroleum E10 Related Terms


Evolution Petroleum E10 Historical Data

* Premium members only.

The historical data trend for Evolution Petroleum'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.

Evolution Petroleum E10 Chart

Evolution Petroleum Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.25 0.35 0.44 0.46 0.46

Evolution Petroleum 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 0.45 0.46 0.45 0.45 0.43

EPM vs GLND, EPSN, PED: E10 Comparison

For the Oil & Gas E&P subindustry, Evolution Petroleum'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.


Evolution Petroleum Shiller PE Ratio vs Oil & Gas Industry

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

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


EPM
75GF Score
Evolution Petroleum Corp EPM
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Evolution Petroleum 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, Evolution Petroleum'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)
=-0.26/330.2130*330.2130
=-0.260

Current CPI (Mar. 2026) = 330.2130.

Evolution Petroleum Quarterly Data

per share eps CPI Adj_EPS
201606 0.630 241.018 0.863
201609 0.020 241.428 0.027
201612 0.070 241.432 0.096
201703 0.070 243.801 0.095
201706 0.050 244.955 0.067
201709 0.060 246.819 0.080
201712 0.300 246.524 0.402
201803 0.090 249.554 0.119
201806 0.140 251.989 0.183
201809 0.170 252.439 0.222
201812 0.120 251.233 0.158
201903 0.070 254.202 0.091
201906 0.100 256.143 0.129
201909 0.080 256.759 0.103
201912 0.050 256.974 0.064
202003 0.110 258.115 0.141
202006 -0.070 257.797 -0.090
202009 -0.220 260.280 -0.279
202012 -0.380 260.474 -0.482
202103 0.040 264.877 0.050
202106 0.070 271.696 0.085
202109 0.150 274.310 0.181
202112 0.200 278.802 0.237
202203 0.170 287.504 0.195
202206 0.440 296.311 0.490
202209 0.320 296.808 0.356
202212 0.310 296.797 0.345
202303 0.410 301.836 0.449
202306 0.005 305.109 0.005
202309 0.040 307.789 0.043
202312 0.030 306.746 0.032
202403 0.010 312.332 0.011
202406 0.040 314.175 0.042
202409 0.060 315.301 0.063
202412 -0.060 315.605 -0.063
202503 -0.070 319.799 -0.072
202506 0.100 322.561 0.102
202509 0.020 324.800 0.020
202512 0.030 324.054 0.031
202603 -0.260 330.213 -0.260

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 $0.43 mean?
Evolution Petroleum (EPM) has a E10 of $0.43 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Evolution Petroleum and its competitors.
Is Evolution Petroleum's E10 too high?
Evolution Petroleum's current E10 is $0.43. Overall, Evolution Petroleum has a GF Score™ of 75/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Evolution Petroleum's E10 compare to GLND and EPSN?
Evolution Petroleum's E10 of $0.43 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 Evolution Petroleum and its competitors. Evolution Petroleum's current E10 is $0.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Evolution Petroleum stock overvalued right now?
Based on GuruFocus' analysis, Evolution Petroleum (EPM) is currently considered Modestly Undervalued. The stock's GF Value™ is $4.70, compared to a current price of $3.82 — trading 18.7% below its estimated fair value. The current E10 is $0.43. Evolution Petroleum's overall GF Score™ is 75/100 with 6 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 Evolution Petroleum (EPM), the current E10 is $0.43 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 Evolution Petroleum (EPM) Overvalued in 2026?

Based on GuruFocus' analysis, Evolution Petroleum stock appears to be undervalued. The current stock price of $3.82 is trading 18.7% below its estimated GF Value™ of $4.70. GuruFocus considers Evolution Petroleum to be Modestly Undervalued.

Key valuation signals for EPM:

  • E10: $0.43
  • GF Value™: $4.70 vs. price of $3.82 (18.7% below fair value)
  • GF Score™: 75/100 with 6 warning signs

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


Evolution Petroleum Business Description

Industry EnergyOil & Gas
Other Exchanges EP7:Germany
Address 1155 Dairy Ashford Road, Suite 425, Houston, TX, USA, 77079
Evolution Petroleum Corp is an independent energy company focused on owning and investing in onshore oil and natural gas properties across the United States. Its portfolio includes non-operated interests in various production fields such as CO2 enhanced oil recovery in Louisiana, secondary recovery production in Wyoming, and shale gas reservoirs in Texas and North Dakota. The company generates revenue from the production and sale of oil and natural gas, leveraging specialized technologies to extend reservoir life and enhance recoveries.
75GF Score

Get the complete analysis for EPM

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

$3.82
Price
$4.70
GF Value