Safi Silver (FRA:6XU) E10: €-0.23 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
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.

FRA:6XU Safi Silver Corp FRA:6XU
49 GF Score
Price €0.18
GF Value €4.29
Valuation Significantly Undervalued
! 1 Warning Sign
View Full Analysis

What is Safi Silver E10?

Safi Silver FRA:6XU 49 E10 is €-0.23 as of Mar. 2026. GuruFocus rates FRA:6XU with a GF Score™ of 49/100 and a GF Value™ of €4.29 (Significantly Undervalued). The stock has 1 warning sign 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.

Safi Silver's adjusted earnings per share data for the three months ended in Mar. 2026 was €0.190. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €-0.23 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 Safi Silver was 43.00% per year. The lowest was -2.20% per year. And the median was 28.80% per year.

As of today (2026-08-10), Safi Silver's current stock price is €0.18. Safi Silver's E10 for the quarter that ended in Mar. 2026 was €-0.23. Safi Silver's Shiller PE Ratio of today is .


Safi Silver  (FRA:6XU) 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.


Safi Silver E10 Related Terms


Safi Silver E10 Historical Data

* Premium members only.

The historical data trend for Safi Silver'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.

Safi Silver E10 Chart

Safi Silver Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1.50 -0.62 -0.48 -0.30 -0.23

Safi Silver 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 -0.30 -0.26 -0.27 -0.20 -0.23

FRA:6XU vs EXK: E10 Comparison

For the Silver subindustry, Safi Silver'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.


Safi Silver Shiller PE Ratio vs Metals & Mining Industry

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

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


FRA:6XU
49GF Score
Safi Silver Corp FRA:6XU
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Safi Silver 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, Safi Silver'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)
=0.19/132.2623*132.2623
=0.190

Current CPI (Mar. 2026) = 132.2623.

Safi Silver Quarterly Data

per share eps CPI Adj_EPS
201606 -0.069 102.002 -0.089
201609 -0.068 101.765 -0.088
201612 -0.106 101.449 -0.138
201703 -0.142 102.634 -0.183
201706 -0.137 103.029 -0.176
201709 -0.203 103.345 -0.260
201712 -0.101 103.345 -0.129
201803 -0.115 105.004 -0.145
201806 -0.098 105.557 -0.123
201809 -0.066 105.636 -0.083
201812 -0.065 105.399 -0.082
201903 -0.104 106.979 -0.129
201906 -0.034 107.690 -0.042
201909 -0.034 107.611 -0.042
201912 -0.069 107.769 -0.085
202003 -0.014 107.927 -0.017
202006 -0.015 108.401 -0.018
202009 -0.127 108.164 -0.155
202012 -0.032 108.559 -0.039
202103 -0.035 110.298 -0.042
202106 -0.033 111.720 -0.039
202109 -0.033 112.905 -0.039
202112 -0.035 113.774 -0.041
202203 -0.114 117.646 -0.128
202206 -0.142 120.806 -0.155
202209 -0.051 120.648 -0.056
202212 -0.047 120.964 -0.051
202303 -0.299 122.702 -0.322
202306 -0.092 124.203 -0.098
202309 -0.088 125.230 -0.093
202312 -0.183 125.072 -0.194
202403 0.304 126.258 0.318
202406 -0.046 127.522 -0.048
202409 -0.153 127.285 -0.159
202412 -0.315 127.364 -0.327
202503 0.388 129.181 0.397
202506 -0.061 129.892 -0.062
202509 -0.043 130.287 -0.044
202512 0.299 130.366 0.303
202603 0.190 132.262 0.190

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 €-0.23 mean?
Safi Silver (FRA:6XU) has a E10 of €-0.23 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Safi Silver and its competitors.
Is Safi Silver's E10 too high?
Safi Silver's current E10 is €-0.23. Overall, Safi Silver has a GF Score™ of 49/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Safi Silver's E10 compare to EXK?
Safi Silver's E10 of €-0.23 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 Safi Silver and its competitors. Safi Silver's current E10 is €-0.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Safi Silver stock overvalued right now?
Based on GuruFocus' analysis, Safi Silver (FRA:6XU) is currently considered Significantly Undervalued. The stock's GF Value™ is €4.29, compared to a current price of €0.18 — trading 95.8% below its estimated fair value. The current E10 is €-0.23. Safi Silver's overall GF Score™ is 49/100 with 1 warning sign 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 Safi Silver (FRA:6XU), the current E10 is €-0.23 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 Safi Silver (FRA:6XU) Overvalued in 2026?

Based on GuruFocus' analysis, Safi Silver stock appears to be undervalued. The current stock price of €0.18 is trading 95.8% below its estimated GF Value™ of €4.29. GuruFocus considers Safi Silver to be Significantly Undervalued.

Key valuation signals for FRA:6XU:

  • E10: €-0.23
  • GF Value™: €4.29 vs. price of €0.18 (95.8% below fair value)
  • GF Score™: 49/100 with 1 warning sign

No single metric tells the full story. See the FRA:6XU stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Safi Silver Business Description

Other Exchanges PNTZF:USASF:Canada
Address 658 Lansdowne Avenue, Toronto, ON, CAN, M6H 3Y8
Safi Silver Corp is a Canadian exploration company with its core focus on polymetallic silver holdings in southern Morocco. Its project Portfolio includes the Addana Project, the Silver Hill Project, and the Kalahari Copper Project.
49GF Score

Get the complete analysis for FRA:6XU

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

€0.18
Price
€4.29
GF Value