Headwater Exploration (FRA:C6V) E10: €0.28 (As of Jun. 2026)

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FRA:C6V Headwater Exploration Inc FRA:C6V
83 GF Score
Price €8.65
GF Value €5.90
Valuation Significantly Overvalued
! 4 Warning Signs
View Full Analysis

What is Headwater Exploration E10?

Headwater Exploration FRA:C6V -3.35% 83 E10 is €0.28 as of Jun. 2026. GuruFocus rates FRA:C6V with a GF Score™ of 83/100 and a GF Value™ of €5.90 (Significantly Overvalued). 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.

Headwater Exploration's adjusted earnings per share data for the three months ended in Jun. 2026 was €0.221. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €0.28 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Headwater Exploration's average E10 Growth Rate was 90.90% per year. During the past 3 years, the average E10 Growth Rate was 81.70% 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 Headwater Exploration was 81.70% per year. The lowest was -28.30% per year. And the median was -9.50% per year.

As of today (2026-09-17), Headwater Exploration's current stock price is €8.65. Headwater Exploration's E10 for the quarter that ended in Jun. 2026 was €0.28. Headwater Exploration's Shiller PE Ratio of today is 30.67.

During the past 13 years, the highest Shiller PE Ratio of Headwater Exploration was 129.20. The lowest was 25.05. And the median was 52.46.


Headwater Exploration  (FRA:C6V) 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.

Headwater Exploration's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=8.65/0.282
=30.67

* 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 Headwater Exploration was 129.20. The lowest was 25.05. And the median was 52.46.


Be Aware

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


Headwater Exploration E10 Related Terms


Headwater Exploration E10 Historical Data

* Premium members only.

The historical data trend for Headwater Exploration'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.

Headwater Exploration E10 Chart

Headwater Exploration 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 -0.06 0.04 0.06 0.13 0.21

Headwater Exploration Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 0.15 0.16 0.20 0.22 0.28

FRA:C6V vs COP, EOG, OXY: E10 Comparison

For the Oil & Gas E&P subindustry, Headwater Exploration'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.


Headwater Exploration Shiller PE Ratio vs Oil & Gas Industry

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

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


FRA:C6V
83GF Score
Headwater Exploration Inc FRA:C6V
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Headwater Exploration 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, Headwater Exploration's adjusted earnings per share data for the three months ended in Jun. 2026 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=0.2211/133.5265*133.5265
=0.221

Current CPI (Jun. 2026) = 133.5265.

Headwater Exploration Quarterly Data

per share eps CPI Adj_EPS
201609 -0.010 101.765 -0.013
201612 0.097 101.449 0.127
201703 0.015 102.634 0.019
201706 -0.012 103.029 -0.015
201709 0.029 103.345 0.038
201712 0.102 103.345 0.132
201803 0.040 105.004 0.051
201806 -0.074 105.557 -0.094
201809 -0.014 105.636 -0.017
201812 0.046 105.399 0.058
201903 0.022 106.979 0.027
201906 -0.002 107.690 -0.003
201909 -0.010 107.611 -0.013
201912 0.011 107.769 0.014
202003 -0.044 107.927 -0.054
202006 -0.008 108.401 -0.009
202009 -0.008 108.164 -0.009
202012 0.065 108.559 0.079
202103 -0.043 110.298 -0.052
202106 0.015 111.720 0.017
202109 0.081 112.905 0.095
202112 0.088 113.774 0.103
202203 0.127 117.646 0.144
202206 0.153 120.806 0.169
202209 0.101 120.648 0.112
202212 0.122 120.964 0.135
202303 0.087 122.702 0.095
202306 0.089 124.203 0.096
202309 0.142 125.230 0.152
202312 0.130 125.072 0.139
202403 0.108 126.258 0.114
202406 0.153 127.522 0.160
202409 0.133 127.285 0.139
202412 0.138 127.364 0.145
202503 0.139 129.181 0.144
202506 0.101 129.892 0.104
202509 0.093 130.287 0.095
202512 0.075 130.366 0.077
202603 0.093 132.262 0.093
202606 0.221 133.527 0.221

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 €0.28 mean?
Headwater Exploration (FRA:C6V) has a E10 of €0.28 as of Jun. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Headwater Exploration and its competitors.
Is Headwater Exploration's E10 too high?
Headwater Exploration's current E10 is €0.28. Overall, Headwater Exploration has a GF Score™ of 83/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Headwater Exploration's E10 compare to COP and EOG?
Headwater Exploration's E10 of €0.28 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 Headwater Exploration and its competitors. Headwater Exploration's current E10 is €0.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Headwater Exploration stock overvalued right now?
Based on GuruFocus' analysis, Headwater Exploration (FRA:C6V) is currently considered Significantly Overvalued. The stock's GF Value™ is €5.90, compared to a current price of €8.65 — trading 46.6% above its estimated fair value. The current E10 is €0.28. Headwater Exploration's overall GF Score™ is 83/100 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 Headwater Exploration (FRA:C6V), the current E10 is €0.28 as of Jun. 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 Headwater Exploration (FRA:C6V) Overvalued in 2026?

Based on GuruFocus' analysis, Headwater Exploration stock appears to be overvalued. The current stock price of €8.65 is trading 46.6% above its estimated GF Value™ of €5.90. GuruFocus considers Headwater Exploration to be Significantly Overvalued.

Key valuation signals for FRA:C6V:

  • E10: €0.28
  • GF Value™: €5.90 vs. price of €8.65 (46.6% above fair value)
  • GF Score™: 83/100 with 4 warning signs

No single metric tells the full story. See the FRA:C6V stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Headwater Exploration Business Description

Industry EnergyOil & Gas
Other Exchanges CDDRF:USAHWX:Canada
Address 215 - 9th Avenue SW, Unit 1400, Calgary, AB, CAN, T2P 1K3
Headwater Exploration Inc is a Canadian resource company engaged in the exploration for and development and production of petroleum and natural gas in Canada. The company has high quality oil production, reserves, and lands in the prolific Clearwater play in the Marten Hills, Greater Peavine and Greater Nipisi areas of Alberta as well as low decline natural gas production and reserves in the McCully Field near Sussex, New Brunswick. Its core operating areas are Clearwater fairway, Alberta and McCully Field, New Brunswick.
83GF Score

Get the complete analysis for FRA:C6V

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

€8.65
Price
€5.90
GF Value