EQT (EQT) E10: $-0.41 (As of Jun. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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Charlie Tian
Founder & CEO of GuruFocus
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.

EQT EQT Corp EQT
73 GF Score
Price $54.06
GF Value $59.43
Valuation Fairly Valued
! 3 Warning Signs
View Full Analysis

What is EQT E10?

EQT EQT -0.57% 73 E10 is $-0.41 as of Jun. 2026. GuruFocus rates EQT with a GF Score™ of 73/100 and a GF Value™ of $59.43 (Fairly Valued). 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.

EQT's adjusted earnings per share data for the three months ended in Jun. 2026 was $0.340. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $-0.41 for the trailing ten years ended in Jun. 2026.

During the past 3 years, the average E10 Growth Rate was -1.20% per year. During the past 5 years, the average E10 Growth Rate was -27.90% 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 EQT was 27.40% per year. The lowest was -68.80% per year. And the median was 2.30% per year.

As of today (2026-08-12), EQT's current stock price is $54.06. EQT's E10 for the quarter that ended in Jun. 2026 was $-0.41. EQT's Shiller PE Ratio of today is .

During the past 13 years, the highest Shiller PE Ratio of EQT was 122.64. The lowest was 9.49. And the median was 19.92.


EQT  (NYSE:EQT) 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.

During the past 13 years, the highest Shiller P/E Ratio of EQT was 122.64. The lowest was 9.49. And the median was 19.92.


Be Aware

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


EQT E10 Related Terms


EQT E10 Historical Data

* Premium members only.

The historical data trend for EQT'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.

EQT E10 Chart

EQT 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 -1.01 -0.84 -0.77 -1.09 -0.87

EQT 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 -1.11 -1.10 -0.87 -0.65 -0.41

EQT vs TPL, EXE, PR: E10 Comparison

For the Oil & Gas E&P subindustry, EQT'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.


EQT Shiller PE Ratio vs Oil & Gas Industry

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

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


EQT
73GF Score
EQT Corp EQT
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

EQT 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, EQT'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)
=0.34/333.9520*333.9520
=0.340

Current CPI (Jun. 2026) = 333.9520.

EQT Quarterly Data

per share eps CPI Adj_EPS
201609 -0.046 241.428 -0.064
201612 -1.110 241.432 -1.535
201703 0.950 243.801 1.301
201706 0.240 244.955 0.327
201709 0.130 246.819 0.176
201712 5.830 246.524 7.898
201803 -5.990 249.554 -8.016
201806 0.070 251.989 0.093
201809 -0.150 252.439 -0.198
201812 -2.500 251.233 -3.323
201903 0.750 254.202 0.985
201906 0.490 256.143 0.639
201909 -1.410 256.759 -1.834
201912 -4.610 256.974 -5.991
202003 -0.650 258.115 -0.841
202006 -1.030 257.797 -1.334
202009 -2.350 260.280 -3.015
202012 0.230 260.474 0.295
202103 -0.130 264.877 -0.164
202106 -3.340 271.696 -4.105
202109 -5.540 274.310 -6.745
202112 4.690 278.802 5.618
202203 -4.050 287.504 -4.704
202206 2.190 296.311 2.468
202209 1.690 296.808 1.901
202212 4.280 296.797 4.816
202303 3.100 301.836 3.430
202306 -0.180 305.109 -0.197
202309 0.200 307.789 0.217
202312 1.130 306.746 1.230
202403 0.230 312.332 0.246
202406 0.020 314.175 0.021
202409 -0.540 315.301 -0.572
202412 0.690 315.605 0.730
202503 0.400 319.799 0.418
202506 1.300 322.561 1.346
202509 0.530 324.800 0.545
202512 1.080 324.054 1.113
202603 2.360 330.213 2.387
202606 0.340 333.952 0.340

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 $-0.41 mean?
EQT (EQT) has a E10 of $-0.41 as of Jun. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on EQT and its competitors.
Is EQT's E10 too high?
EQT's current E10 is $-0.41. Overall, EQT has a GF Score™ of 73/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does EQT's E10 compare to TPL and EXE?
EQT's E10 of $-0.41 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 EQT and its competitors. EQT's current E10 is $-0.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is EQT stock overvalued right now?
Based on GuruFocus' analysis, EQT (EQT) is currently considered Fairly Valued. The stock's GF Value™ is $59.43, compared to a current price of $54.06 — trading 9% below its estimated fair value. The current E10 is $-0.41. EQT's overall GF Score™ is 73/100 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 EQT (EQT), the current E10 is $-0.41 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 EQT (EQT) Overvalued in 2026?

Based on GuruFocus' analysis, EQT stock appears to be undervalued. The current stock price of $54.06 is trading 9% below its estimated GF Value™ of $59.43. GuruFocus considers EQT to be Fairly Valued.

Key valuation signals for EQT:

  • E10: $-0.41
  • GF Value™: $59.43 vs. price of $54.06 (9% below fair value)
  • GF Score™: 73/100 with 3 warning signs

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


EQT Business Description

Industry EnergyOil & Gas
Address 625 Liberty Avenue, Suite 1700, Pittsburgh, PA, USA, 15222
EQT is an independent natural gas production company. It focuses its operations in the cores of the Marcellus and Utica shales, located in the Appalachian Basin in the Eastern United States. Its main customers include marketers, utilities, and industrial operators in the Appalachian Basin. The company has three reportable segments in production, gathering, and its transmission segment, which is now an operated joint venture with Blackstone. All the firm's operating revenue is generated in the US, with most revenue flowing from the Marcellus Shale field and through the sale of natural gas.
73GF Score

Get the complete analysis for EQT

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

$54.06
Price
$59.43
GF Value