Northern Graphite (FRA:0NG) E10: €-0.07 (As of Mar. 2026)


FRA:0NG Northern Graphite Corp FRA:0NG
21 GF Score
Price €0.08
GF Value €0.09
Valuation Modestly Undervalued
! 4 Warning Signs
View Full Analysis

What is Northern Graphite E10?

Northern Graphite FRA:0NG +0.26% 21 E10 is €-0.07 as of Mar. 2026. GuruFocus rates FRA:0NG with a GF Score™ of 21/100 and a GF Value™ of €0.09 (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.

Northern Graphite's adjusted earnings per share data for the three months ended in Mar. 2026 was €-0.038. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €-0.07 for the trailing ten years ended in Mar. 2026.

During the past 3 years, the average E10 Growth Rate was -30.10% 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 Northern Graphite was -30.10% per year. The lowest was -31.00% per year. And the median was -30.55% per year.

As of today (2026-07-11), Northern Graphite's current stock price is €0.0766. Northern Graphite's E10 for the quarter that ended in Mar. 2026 was €-0.07. Northern Graphite's Shiller PE Ratio of today is .


Northern Graphite  (FRA:0NG) 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.


Be Aware

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


Northern Graphite E10 Related Terms


Northern Graphite E10 Historical Data

* Premium members only.

The historical data trend for Northern Graphite'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.

Northern Graphite E10 Chart

Northern Graphite 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 -0.03 -0.03 -0.04 -0.05 -0.06

Northern Graphite 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 -0.05 -0.05 -0.05 -0.06 -0.07

Northern Graphite E10 Competitor Comparison

For the Other Industrial Metals & Mining subindustry, Northern Graphite'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.


Northern Graphite Shiller PE Ratio vs Metals & Mining Industry

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

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


FRA:0NG
21GF Score
Northern Graphite Corp FRA:0NG
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Northern Graphite 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, Northern Graphite'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)
=-0.038/132.2623*132.2623
=-0.038

Current CPI (Mar. 2026) = 132.2623.

Northern Graphite Quarterly Data

per share eps CPI Adj_EPS
201606 -0.014 102.002 -0.018
201609 -0.002 101.765 -0.003
201612 0.000 101.449 0.000
201703 -0.002 102.634 -0.003
201706 -0.003 103.029 -0.004
201709 -0.002 103.345 -0.003
201712 -0.007 103.345 -0.009
201803 -0.006 105.004 -0.008
201806 -0.003 105.557 -0.004
201809 -0.002 105.636 -0.003
201812 -0.007 105.399 -0.009
201903 -0.002 106.979 -0.002
201906 -0.002 107.690 -0.002
201909 -0.001 107.611 -0.001
201912 0.000 107.769 0.000
202003 -0.001 107.927 -0.001
202006 -0.001 108.401 -0.001
202009 -0.006 108.164 -0.007
202012 0.000 108.559 0.000
202103 0.000 110.298 0.000
202106 -0.007 111.720 -0.008
202109 -0.007 112.905 -0.008
202112 -0.014 113.774 -0.016
202203 -0.022 117.646 -0.025
202206 -0.022 120.806 -0.024
202209 -0.030 120.648 -0.033
202212 -0.035 120.964 -0.038
202303 -0.020 122.702 -0.022
202306 -0.028 124.203 -0.030
202309 -0.035 125.230 -0.037
202312 -0.041 125.072 -0.043
202403 -0.048 126.258 -0.050
202406 -0.047 127.522 -0.049
202409 -0.027 127.285 -0.028
202412 -0.080 127.364 -0.083
202503 -0.026 129.181 -0.027
202506 -0.006 129.892 -0.006
202509 -0.043 130.287 -0.044
202512 -0.025 130.366 -0.025
202603 -0.038 132.262 -0.038

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 €-0.07 mean?
Northern Graphite (FRA:0NG) has a E10 of €-0.07 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Northern Graphite and its competitors.
Is Northern Graphite's E10 too high?
Northern Graphite's current E10 is €-0.07. Overall, Northern Graphite has a GF Score™ of 21/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Northern Graphite's E10 compare to competitors?
Northern Graphite's E10 of €-0.07 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 Northern Graphite and its competitors. Northern Graphite's current E10 is €-0.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Northern Graphite stock overvalued right now?
Based on GuruFocus' analysis, Northern Graphite (FRA:0NG) is currently considered Modestly Undervalued. The stock's GF Value™ is €0.09, compared to a current price of €0.08 — trading 14.9% below its estimated fair value. The current E10 is €-0.07. Northern Graphite's overall GF Score™ is 21/100 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 Northern Graphite (FRA:0NG), the current E10 is €-0.07 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 Northern Graphite (FRA:0NG) Overvalued in 2026?

Based on GuruFocus' analysis, Northern Graphite stock appears to be undervalued. The current stock price of €0.08 is trading 14.9% below its estimated GF Value™ of €0.09. GuruFocus considers Northern Graphite to be Modestly Undervalued.

Key valuation signals for FRA:0NG:

  • E10: €-0.07
  • GF Value™: €0.09 vs. price of €0.08 (14.9% below fair value)
  • GF Score™: 21/100 with 4 warning signs

No single metric tells the full story. See the FRA:0NG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Northern Graphite Business Description

Other Exchanges NGPHF:USANGC:Canada
Address 1000 Innovation Drive, Suite 500, Ottawa, ON, CAN, K2K 3E7
Northern Graphite Corp is the flake graphite-producing company in North America. It is focused on producing natural graphite and upgrading it into high-value products critical to the green economy, including anode material for lithium-ion batteries/EVs, fuel cells, and graphene, as well as industrial technologies. Its graphite assets include the producing Lac des Iles mine in Quebec, where the company is boosting output to meet growing demand from industrial customers and future demand from North American battery makers. It also owns the Bissett Creek graphite project in Ontario and the fully permitted Okanjande graphite mine in Namibia. It has three operating segments: Mining-LDI, Mining-Okanjande, Battery Materials, and corporate.
21GF Score

Get the complete analysis for FRA:0NG

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

€0.08
Price
€0.09
GF Value