First Quantum Minerals (FRA:IZ1) E10: € (As of Jun. 2026)

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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.
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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:IZ1 First Quantum Minerals Ltd FRA:IZ1
68 GF Score
Price €26.86
GF Value €14.73
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is First Quantum Minerals E10?

First Quantum Minerals FRA:IZ1 -1.54% 68 E10 is € as of Jun. 2026. GuruFocus rates FRA:IZ1 with a GF Score™ of 68/100 and a GF Value™ of €14.73 (Significantly Overvalued). The stock has 6 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.

First Quantum Minerals's adjusted earnings per share data for the three months ended in Jun. 2026 was €0.140. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is for the trailing ten years ended in Jun. 2026.

During the past 12 months, First Quantum Minerals's average E10 Growth Rate was 128.60% per year. During the past 3 years, the average E10 Growth Rate was -34.60% per year. During the past 5 years, the average E10 Growth Rate was -40.50% per year. During the past 10 years, the average E10 Growth Rate was -23.70% 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 First Quantum Minerals was 39.90% per year. The lowest was -65.50% per year. And the median was -5.30% per year.

As of today (2026-09-22), First Quantum Minerals's current stock price is €26.855. First Quantum Minerals's E10 for the quarter that ended in Jun. 2026 was . First Quantum Minerals's Shiller PE Ratio of today is .

During the past 13 years, the highest Shiller PE Ratio of First Quantum Minerals was 741.00. The lowest was 6.82. And the median was 40.04.


First Quantum Minerals  (FRA:IZ1) 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.

During the past 13 years, the highest Shiller P/E Ratio of First Quantum Minerals was 741.00. The lowest was 6.82. And the median was 40.04.


Be Aware

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


First Quantum Minerals E10 Related Terms


First Quantum Minerals E10 Historical Data

* Premium members only.

The historical data trend for First Quantum Minerals'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.

First Quantum Minerals E10 Chart

First Quantum Minerals Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
E10
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First Quantum Minerals Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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FRA:IZ1 vs SCCO, FCX: E10 Comparison

For the Copper subindustry, First Quantum Minerals'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.


First Quantum Minerals Shiller PE Ratio vs Metals & Mining Industry

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

* The bar in red indicates where First Quantum Minerals's Shiller PE Ratio falls into.


FRA:IZ1
68GF Score
First Quantum Minerals Ltd FRA:IZ1
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

First Quantum Minerals 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, First Quantum Minerals'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)
=0.1402/133.5265*133.5265
=0.140

Current CPI (Jun. 2026) = 133.5265.

First Quantum Minerals Quarterly Data

per share eps CPI Adj_EPS
201609 0.047 101.765 0.061
201612 0.016 101.449 0.021
201703 -0.160 102.634 -0.208
201706 -0.045 103.029 -0.059
201709 -0.068 103.345 -0.088
201712 -0.144 103.345 -0.187
201803 0.057 105.004 0.072
201806 0.168 105.557 0.212
201809 0.077 105.636 0.098
201812 0.252 105.399 0.319
201903 0.068 106.979 0.085
201906 0.101 107.690 0.125
201909 -0.095 107.611 -0.118
201912 -0.151 107.769 -0.187
202003 -0.082 107.927 -0.101
202006 -0.206 108.401 -0.254
202009 0.036 108.164 0.044
202012 0.011 108.559 0.014
202103 0.170 110.298 0.206
202106 0.168 111.720 0.201
202109 0.371 112.905 0.439
202112 0.314 113.774 0.368
202203 0.496 117.646 0.562
202206 0.568 120.806 0.627
202209 0.162 120.648 0.179
202212 0.166 120.964 0.183
202303 0.101 122.702 0.110
202306 0.123 124.203 0.132
202309 0.431 125.230 0.459
202312 -1.946 125.072 -2.077
202403 -0.195 126.258 -0.206
202406 -0.051 127.522 -0.054
202409 0.118 127.285 0.124
202412 0.112 127.364 0.117
202503 -0.026 129.181 -0.027
202506 0.019 129.892 0.020
202509 -0.049 130.287 -0.051
202512 0.026 130.366 0.026
202603 -0.201 132.262 -0.203
202606 0.140 133.527 0.140

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 € mean?
First Quantum Minerals (FRA:IZ1) has a E10 of € as of Jun. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on First Quantum Minerals and its competitors.
Is First Quantum Minerals' E10 too high?
First Quantum Minerals' current E10 is €. Overall, First Quantum Minerals has a GF Score™ of 68/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does First Quantum Minerals' E10 compare to SCCO and FCX?
First Quantum Minerals' E10 of € 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 First Quantum Minerals and its competitors. First Quantum Minerals's current E10 is €. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Quantum Minerals stock overvalued right now?
Based on GuruFocus' analysis, First Quantum Minerals (FRA:IZ1) is currently considered Significantly Overvalued. The stock's GF Value™ is €14.73, compared to a current price of €26.86 — trading 82.3% above its estimated fair value. The current E10 is €. First Quantum Minerals' overall GF Score™ is 68/100 with 6 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 First Quantum Minerals (FRA:IZ1), the current E10 is € 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 First Quantum Minerals (FRA:IZ1) Overvalued in 2026?

Based on GuruFocus' analysis, First Quantum Minerals stock appears to be overvalued. The current stock price of €26.86 is trading 82.3% above its estimated GF Value™ of €14.73. GuruFocus considers First Quantum Minerals to be Significantly Overvalued.

Key valuation signals for FRA:IZ1:

  • E10:
  • GF Value™: €14.73 vs. price of €26.86 (82.3% above fair value)
  • GF Score™: 68/100 with 6 warning signs

No single metric tells the full story. See the FRA:IZ1 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


First Quantum Minerals Business Description

Address 330 Bay Street, Suite 1101, Toronto, ON, CAN, M5H 2S8
First Quantum Minerals Ltd is a diversified mining company. The company's principal activities include mineral exploration, mine engineering and construction, and development and mining operations. The firm produces copper in concentrate, copper anode, copper cathode, nickel, gold, zinc, silver, acid, and pyrite. It has operating mines located in Zambia, Panama, Turkey, Spain, Australia, and Mauritania. The company's reportable operating segments are Cobre Panama, Kansanshi, and Trident.
68GF Score

Get the complete analysis for FRA:IZ1

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

€26.86
Price
€14.73
GF Value