Surge Energy (FRA:41Z0) E10: €-1.34 (As of Mar. 2026)


FRA:41Z0 Surge Energy Inc FRA:41Z0
52 GF Score
Price €5.58
GF Value €3.89
Valuation Significantly Overvalued
! 9 Warning Signs
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What is Surge Energy E10?

Surge Energy FRA:41Z0 +0.18% 52 E10 is €-1.34 as of Mar. 2026. GuruFocus rates FRA:41Z0 with a GF Score™ of 52/100 and a GF Value™ of €3.89 (Significantly Overvalued). The stock has 9 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.

Surge Energy's adjusted earnings per share data for the three months ended in Mar. 2026 was €-0.158. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €-1.34 for the trailing ten years ended in Mar. 2026.

During the past 3 years, the average E10 Growth Rate was 13.90% per year. During the past 5 years, the average E10 Growth Rate was 12.60% per year. During the past 10 years, the average E10 Growth Rate was -7.10% 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 Surge Energy was 13.90% per year. The lowest was -44.10% per year. And the median was -16.30% per year.

As of today (2026-07-01), Surge Energy's current stock price is €5.575. Surge Energy's E10 for the quarter that ended in Mar. 2026 was €-1.34. Surge Energy's Shiller PE Ratio of today is .


Surge Energy  (FRA:41Z0) 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.


Surge Energy E10 Related Terms


Surge Energy E10 Historical Data

* Premium members only.

The historical data trend for Surge Energy'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.

Surge Energy E10 Chart

Surge Energy 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 -2.77 -2.18 -2.17 -2.00 -1.31

Surge Energy 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 -1.72 -1.63 -1.50 -1.31 -1.34

FRA:41Z0 vs COP, EOG, FANG: E10 Comparison

For the Oil & Gas E&P subindustry, Surge Energy'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.


Surge Energy Shiller PE Ratio vs Oil & Gas Industry

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

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


FRA:41Z0
52GF Score
Surge Energy Inc FRA:41Z0
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Surge Energy 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, Surge Energy'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)
=-0.158/132.2623*132.2623
=-0.158

Current CPI (Mar. 2026) = 132.2623.

Surge Energy Quarterly Data

per share eps CPI Adj_EPS
201606 -0.235 102.002 -0.305
201609 -0.116 101.765 -0.151
201612 -0.423 101.449 -0.551
201703 0.178 102.634 0.229
201706 0.171 103.029 0.220
201709 -0.232 103.345 -0.297
201712 -0.337 103.345 -0.431
201803 -0.053 105.004 -0.067
201806 0.055 105.557 0.069
201809 0.224 105.636 0.280
201812 -1.835 105.399 -2.303
201903 -0.169 106.979 -0.209
201906 -0.057 107.690 -0.070
201909 -0.058 107.611 -0.071
201912 -2.614 107.769 -3.208
202003 -10.194 107.927 -12.493
202006 -1.003 108.401 -1.224
202009 -0.212 108.164 -0.259
202012 -0.892 108.559 -1.087
202103 -0.167 110.298 -0.200
202106 4.761 111.720 5.636
202109 0.771 112.905 0.903
202112 -0.277 113.774 -0.322
202203 -0.186 117.646 -0.209
202206 0.613 120.806 0.671
202209 0.689 120.648 0.755
202212 0.813 120.964 0.889
202303 0.102 122.702 0.110
202306 0.097 124.203 0.103
202309 0.111 125.230 0.117
202312 -0.205 125.072 -0.217
202403 -0.027 126.258 -0.028
202406 -0.434 127.522 -0.450
202409 0.113 127.285 0.117
202412 -0.013 127.364 -0.013
202503 0.052 129.181 0.053
202506 0.203 129.892 0.207
202509 0.043 130.287 0.044
202512 -0.043 130.366 -0.044
202603 -0.158 132.262 -0.158

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 €-1.34 mean?
Surge Energy (FRA:41Z0) has a E10 of €-1.34 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Surge Energy and its competitors.
Is Surge Energy's E10 too high?
Surge Energy's current E10 is €-1.34. Overall, Surge Energy has a GF Score™ of 52/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Surge Energy's E10 compare to COP and EOG?
Surge Energy's E10 of €-1.34 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 Surge Energy and its competitors. Surge Energy's current E10 is €-1.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Surge Energy stock overvalued right now?
Based on GuruFocus' analysis, Surge Energy (FRA:41Z0) is currently considered Significantly Overvalued. The stock's GF Value™ is €3.89, compared to a current price of €5.58 — trading 43.3% above its estimated fair value. The current E10 is €-1.34. Surge Energy's overall GF Score™ is 52/100 with 9 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 Surge Energy (FRA:41Z0), the current E10 is €-1.34 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 Surge Energy (FRA:41Z0) Overvalued in 2026?

Based on GuruFocus' analysis, Surge Energy stock appears to be overvalued. The current stock price of €5.58 is trading 43.3% above its estimated GF Value™ of €3.89. GuruFocus considers Surge Energy to be Significantly Overvalued.

Key valuation signals for FRA:41Z0:

  • E10: €-1.34
  • GF Value™: €3.89 vs. price of €5.58 (43.3% above fair value)
  • GF Score™: 52/100 with 9 warning signs

No single metric tells the full story. See the FRA:41Z0 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Surge Energy Business Description

Industry EnergyOil & Gas
Address 520 - 3rd Avenue SW, Centennial Place - East Tower, Suite 1200, Calgary, AB, CAN, T2P 0R3
Surge Energy Inc is engaged in the exploration, development, and production of oil and gas from properties in western Canada. The company generates its revenue from the sale of petroleum and natural gas products such as Oil, Natural gas liquids and Natural gas, of which a majority of the revenue is derived from the sale of oil.
52GF Score

Get the complete analysis for FRA:41Z0

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

€5.58
Price
€3.89
GF Value