Ferroglobe (FRA:5FG) E10: €-0.41 (As of Mar. 2026)


FRA:5FG Ferroglobe PLC FRA:5FG
71 GF Score
Price €2.92
GF Value €3.62
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Ferroglobe E10?

Ferroglobe FRA:5FG -5.63% 71 E10 is €-0.41 as of Mar. 2026. GuruFocus rates FRA:5FG with a GF Score™ of 71/100 and a GF Value™ of €3.62 (Modestly Undervalued). The stock has 2 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.

Ferroglobe's adjusted earnings per share data for the three months ended in Mar. 2026 was €-0.035. 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 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.

As of today (2026-06-28), Ferroglobe's current stock price is €2.915. Ferroglobe's E10 for the quarter that ended in Mar. 2026 was €-0.41. Ferroglobe's Shiller PE Ratio of today is .


Ferroglobe  (FRA:5FG) 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.


Ferroglobe E10 Related Terms


Ferroglobe E10 Historical Data

* Premium members only.

The historical data trend for Ferroglobe'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.

Ferroglobe E10 Chart

Ferroglobe 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 0.00 0.00 0.00 0.00 -0.41

Ferroglobe 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 -0.38 -0.36 -0.41 -0.41

FRA:5FG vs NB, TMCR, ALOY: E10 Comparison

For the Other Industrial Metals & Mining subindustry, Ferroglobe'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.


Ferroglobe Shiller PE Ratio vs Metals & Mining Industry

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

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


FRA:5FG
71GF Score
Ferroglobe PLC FRA:5FG
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ferroglobe 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, Ferroglobe'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)
=-0.035/140.8000*140.8000
=-0.035

Current CPI (Mar. 2026) = 140.8000.

Ferroglobe Quarterly Data

per share eps CPI Adj_EPS
201606 -0.223 101.000 -0.311
201609 -0.151 101.500 -0.209
201612 -1.337 102.200 -1.842
201703 -0.037 102.700 -0.051
201706 0.018 103.500 0.024
201709 -0.017 104.300 -0.023
201712 0.034 105.000 0.046
201803 0.170 105.100 0.228
201806 0.334 105.900 0.444
201809 -0.009 106.600 -0.012
201812 -0.308 107.100 -0.405
201903 -0.142 107.000 -0.187
201906 -0.212 107.900 -0.277
201909 -0.754 108.400 -0.979
201912 -0.387 108.500 -0.502
202003 -0.253 108.600 -0.328
202006 -0.062 108.800 -0.080
202009 -0.238 109.200 -0.307
202012 -0.403 109.400 -0.519
202103 -0.336 109.700 -0.431
202106 0.008 111.400 0.010
202109 -0.459 112.400 -0.575
202112 0.239 114.700 0.293
202203 0.726 116.500 0.877
202206 0.927 120.500 1.083
202209 0.525 122.300 0.604
202212 0.123 125.300 0.138
202303 0.103 126.800 0.114
202306 0.157 129.400 0.171
202309 0.197 130.100 0.213
202312 -0.028 130.500 -0.030
202403 -0.009 131.600 -0.010
202406 -0.334 133.000 -0.354
202409 0.090 133.500 0.095
202412 -0.239 135.100 -0.249
202503 -0.333 136.100 -0.344
202506 -0.052 138.400 -0.053
202509 -0.060 138.900 -0.061
202512 -0.367 139.900 -0.369
202603 -0.035 140.800 -0.035

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?
Ferroglobe (FRA:5FG) has a E10 of €-0.41 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Ferroglobe and its competitors.
Is Ferroglobe's E10 too high?
Ferroglobe's current E10 is €-0.41. Overall, Ferroglobe has a GF Score™ of 71/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ferroglobe's E10 compare to NB and TMCR?
Ferroglobe's E10 of €-0.41 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 Ferroglobe and its competitors. Ferroglobe'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 Ferroglobe stock overvalued right now?
Based on GuruFocus' analysis, Ferroglobe (FRA:5FG) is currently considered Modestly Undervalued. The stock's GF Value™ is €3.62, compared to a current price of €2.92 — trading 19.5% below its estimated fair value. The current E10 is €-0.41. Ferroglobe's overall GF Score™ is 71/100 with 2 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 Ferroglobe (FRA:5FG), the current E10 is €-0.41 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 Ferroglobe (FRA:5FG) Overvalued in 2026?

Based on GuruFocus' analysis, Ferroglobe stock appears to be undervalued. The current stock price of €2.92 is trading 19.5% below its estimated GF Value™ of €3.62. GuruFocus considers Ferroglobe to be Modestly Undervalued.

Key valuation signals for FRA:5FG:

  • E10: €-0.41
  • GF Value™: €3.62 vs. price of €2.92 (19.5% below fair value)
  • GF Score™: 71/100 with 2 warning signs

No single metric tells the full story. See the FRA:5FG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Ferroglobe Business Description

Other Exchanges GSM:USA
Address 13 Chesterfield Street, London, GBR, W1J 5JN
Ferroglobe PLC provides silicon-based alloys and specialty metals. It produces silicon metal and silicon and manganese-based alloy, serving customers in the specialty chemical, aluminum, solar, steel, and ductile iron foundry industries. The company's operating segments include Canada - Silicon Metals, Canada - Silicon Alloys, U.S. - Silicon Metals, U.S. - Silicon Alloys, Europe - Manganese Alloys, Europe - Silicon Metals, Europe - Silicon Alloys, South Africa - Silicon Metals, South Africa - Silicon Alloys, and Other segments. The primary raw materials the company uses to produce its electrometallurgy products include its coal and quartz mining operations and its silicon metal and ferroalloy production. The firm generates key revenue from Silicon metal and Manganese-based alloys.
71GF Score

Get the complete analysis for FRA:5FG

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

€2.92
Price
€3.62
GF Value