EQX (Equinox Gold) E10: $0.09 (As of Mar. 2026)


EQX Equinox Gold Corp EQX
75 GF Score
Price $9.71
GF Value $5.91
Valuation Significantly Overvalued
! 3 Warning Signs
View Full Analysis

What is Equinox Gold E10?

Equinox Gold EQX +3.19% 75 E10 is $0.09 as of Mar. 2026. GuruFocus rates EQX with a GF Score™ of 75/100 and a GF Value™ of $5.91 (Significantly Overvalued). 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.

Equinox Gold's adjusted earnings per share data for the three months ended in Mar. 2026 was $0.380. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $0.09 for the trailing ten years ended in Mar. 2026.

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 Equinox Gold was 45.00% per year. The lowest was 15.10% per year. And the median was 39.20% per year.

As of today (2026-06-27), Equinox Gold's current stock price is $9.71. Equinox Gold's E10 for the quarter that ended in Mar. 2026 was $0.09. Equinox Gold's Shiller PE Ratio of today is 107.89.

During the past 13 years, the highest Shiller PE Ratio of Equinox Gold was 1503.00. The lowest was 106.23. And the median was 499.09.


Equinox Gold  (AMEX:EQX) 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.

Equinox Gold's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=9.71/0.09
=107.89

* 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 Equinox Gold was 1503.00. The lowest was 106.23. And the median was 499.09.


Be Aware

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


Equinox Gold E10 Related Terms


Equinox Gold E10 Historical Data

* Premium members only.

The historical data trend for Equinox Gold'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.

Equinox Gold E10 Chart

Equinox Gold 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 -0.11 -0.08 -0.07 0.01 0.05

Equinox Gold 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 0.00 0.01 0.02 0.05 0.09

EQX vs NEM, AU: E10 Comparison

For the Gold subindustry, Equinox Gold'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.


Equinox Gold Shiller PE Ratio vs Metals & Mining Industry

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

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


EQX
75GF Score
Equinox Gold Corp EQX
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Equinox Gold 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, Equinox Gold'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)
=0.38/132.2623*132.2623
=0.380

Current CPI (Mar. 2026) = 132.2623.

Equinox Gold Quarterly Data

per share eps CPI Adj_EPS
201606 -0.010 102.002 -0.013
201609 -0.008 101.765 -0.010
201612 0.001 101.449 0.001
201703 0.200 102.634 0.258
201706 0.150 103.029 0.193
201709 -0.150 103.345 -0.192
201712 -0.850 103.345 -1.088
201803 -0.050 105.004 -0.063
201806 -0.300 105.557 -0.376
201809 -0.090 105.636 -0.113
201812 -0.560 105.399 -0.703
201903 -0.070 106.979 -0.087
201906 -0.090 107.690 -0.111
201909 0.070 107.611 0.086
201912 -0.070 107.769 -0.086
202003 0.040 107.927 0.049
202006 -0.340 108.401 -0.415
202009 0.010 108.164 0.012
202012 0.440 108.559 0.536
202103 0.140 110.298 0.168
202106 1.190 111.720 1.409
202109 -0.030 112.905 -0.035
202112 0.310 113.774 0.360
202203 -0.070 117.646 -0.079
202206 -0.260 120.806 -0.285
202209 -0.100 120.648 -0.110
202212 0.070 120.964 0.077
202303 0.050 122.702 0.054
202306 0.020 124.203 0.021
202309 0.010 125.230 0.011
202312 0.010 125.072 0.011
202403 -0.130 126.258 -0.136
202406 0.900 127.522 0.933
202409 0.000 127.285 0.000
202412 0.040 127.364 0.042
202503 -0.170 129.181 -0.174
202506 0.050 129.892 0.051
202509 0.110 130.287 0.112
202512 0.290 130.366 0.294
202603 0.380 132.262 0.380

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 $0.09 mean?
Equinox Gold (EQX) has a E10 of $0.09 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Equinox Gold and its competitors.
Is Equinox Gold's E10 too high?
Equinox Gold's current E10 is $0.09. Overall, Equinox Gold has a GF Score™ of 75/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Equinox Gold's E10 compare to NEM and AU?
Equinox Gold's E10 of $0.09 can be compared against companies in the Metals & Mining 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 Metals & Mining company?
A good E10 depends on the Metals & Mining 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 Equinox Gold and its competitors. Equinox Gold's current E10 is $0.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Equinox Gold stock overvalued right now?
Based on GuruFocus' analysis, Equinox Gold (EQX) is currently considered Significantly Overvalued. The stock's GF Value™ is $5.91, compared to a current price of $9.71 — trading 64.3% above its estimated fair value. The current E10 is $0.09. Equinox Gold's overall GF Score™ is 75/100 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 Equinox Gold (EQX), the current E10 is $0.09 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 Equinox Gold (EQX) Overvalued in 2026?

Based on GuruFocus' analysis, Equinox Gold stock appears to be overvalued. The current stock price of $9.71 is trading 64.3% above its estimated GF Value™ of $5.91. GuruFocus considers Equinox Gold to be Significantly Overvalued.

Key valuation signals for EQX:

  • E10: $0.09
  • GF Value™: $5.91 vs. price of $9.71 (64.3% above fair value)
  • GF Score™: 75/100 with 3 warning signs

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


Equinox Gold Business Description

Other Exchanges 1LRC:GermanyEQX:Canada
Address 700 West Pender Street, Suite 1501, Vancouver, BC, CAN, V6C 1G8
Equinox Gold Corp is a mining company engaged in the operation, acquisition, exploration, and development of mineral properties, with a focus on gold. The company operates gold mines and a clear plan to increase production by advancing the pipeline of growth projects. Geographically, the company operates in the Canada, United States, Mexico, and others. The majority of its revenue is generated from Canada.
75GF Score

Get the complete analysis for EQX

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

$9.71
Price
$5.91
GF Value