Kinross Gold (FRA:KIN2) E10: €0.48 (As of Mar. 2026)


FRA:KIN2 Kinross Gold Corp FRA:KIN2
95 GF Score
Price €21.57
GF Value €16.14
Valuation Significantly Overvalued
! 1 Warning Sign
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What is Kinross Gold E10?

Kinross Gold FRA:KIN2 +2.86% 95 E10 is €0.48 as of Mar. 2026. GuruFocus rates FRA:KIN2 with a GF Score™ of 95/100 and a GF Value™ of €16.14 (Significantly Overvalued). 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.

Kinross Gold's adjusted earnings per share data for the three months ended in Mar. 2026 was €0.605. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €0.48 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Kinross Gold's average E10 Growth Rate was 160.00% 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 Kinross Gold was 77.30% per year. The lowest was -129.70% per year. And the median was -5.70% per year.

As of today (2026-06-29), Kinross Gold's current stock price is €21.57. Kinross Gold's E10 for the quarter that ended in Mar. 2026 was €0.48. Kinross Gold's Shiller PE Ratio of today is 44.94.

During the past 13 years, the highest Shiller PE Ratio of Kinross Gold was 668.00. The lowest was 43.83. And the median was 70.28.


Kinross Gold  (FRA:KIN2) 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.

Kinross Gold's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=21.57/0.48
=44.94

* 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 Kinross Gold was 668.00. The lowest was 43.83. And the median was 70.28.


Be Aware

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


Kinross Gold E10 Related Terms


Kinross Gold E10 Historical Data

* Premium members only.

The historical data trend for Kinross Gold'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.

Kinross Gold E10 Chart

Kinross Gold 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 -0.44 -0.34 -0.01 0.17 0.43

Kinross Gold 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 0.19 0.23 0.27 0.43 0.48

FRA:KIN2 vs NEM, AU, RGLD: E10 Comparison

For the Gold subindustry, Kinross Gold'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.


Kinross Gold Shiller PE Ratio vs Metals & Mining Industry

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

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


FRA:KIN2
95GF Score
Kinross Gold Corp FRA:KIN2
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Kinross Gold 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, Kinross Gold'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)
=0.605/132.2623*132.2623
=0.605

Current CPI (Mar. 2026) = 132.2623.

Kinross Gold Quarterly Data

per share eps CPI Adj_EPS
201606 -0.018 102.002 -0.023
201609 0.002 101.765 0.003
201612 -0.085 101.449 -0.111
201703 0.103 102.634 0.133
201706 0.027 103.029 0.035
201709 0.042 103.345 0.054
201712 0.144 103.345 0.184
201803 0.065 105.004 0.082
201806 0.002 105.557 0.003
201809 -0.069 105.636 -0.086
201812 -0.020 105.399 -0.025
201903 0.044 106.979 0.054
201906 0.053 107.690 0.065
201909 0.045 107.611 0.055
201912 0.369 107.769 0.453
202003 0.090 107.927 0.110
202006 0.133 108.401 0.162
202009 0.161 108.164 0.197
202012 0.510 108.559 0.621
202103 0.101 110.298 0.121
202106 0.075 111.720 0.089
202109 -0.034 112.905 -0.040
202112 -0.009 113.774 -0.010
202203 -0.372 117.646 -0.418
202206 -0.028 120.806 -0.031
202209 0.051 120.648 0.056
202212 -0.076 120.964 -0.083
202303 0.065 122.702 0.070
202306 0.111 124.203 0.118
202309 0.084 125.230 0.089
202312 0.046 125.072 0.049
202403 0.083 126.258 0.087
202406 0.158 127.522 0.164
202409 0.261 127.285 0.271
202412 0.210 127.364 0.218
202503 0.277 129.181 0.284
202506 0.373 129.892 0.380
202509 0.409 130.287 0.415
202512 0.632 130.366 0.641
202603 0.605 132.262 0.605

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 €0.48 mean?
Kinross Gold (FRA:KIN2) has a E10 of €0.48 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Kinross Gold and its competitors.
Is Kinross Gold's E10 too high?
Kinross Gold's current E10 is €0.48. Overall, Kinross Gold has a GF Score™ of 95/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Kinross Gold's E10 compare to NEM and AU?
Kinross Gold's E10 of €0.48 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 Kinross Gold and its competitors. Kinross Gold's current E10 is €0.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kinross Gold stock overvalued right now?
Based on GuruFocus' analysis, Kinross Gold (FRA:KIN2) is currently considered Significantly Overvalued. The stock's GF Value™ is €16.14, compared to a current price of €21.57 — trading 33.6% above its estimated fair value. The current E10 is €0.48. Kinross Gold's overall GF Score™ is 95/100 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 Kinross Gold (FRA:KIN2), the current E10 is €0.48 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 Kinross Gold (FRA:KIN2) Overvalued in 2026?

Based on GuruFocus' analysis, Kinross Gold stock appears to be overvalued. The current stock price of €21.57 is trading 33.6% above its estimated GF Value™ of €16.14. GuruFocus considers Kinross Gold to be Significantly Overvalued.

Key valuation signals for FRA:KIN2:

  • E10: €0.48
  • GF Value™: €16.14 vs. price of €21.57 (33.6% above fair value)
  • GF Score™: 95/100 with 1 warning sign

No single metric tells the full story. See the FRA:KIN2 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Kinross Gold Business Description

Address 25 York Street, 17th Floor, Toronto, ON, CAN, M5J 2V5
Kinross Gold is a Canada-based gold producer, producing roughly 2 million gold equivalent ounces in 2025. The company had about a decade of gold reserves at the end of 2025. It operates mines in the Americas and West Africa after selling its low-cost Russian operations in 2022 in response to the invasion of Ukraine. Kinross has historically used acquisitions to fuel expansion into new regions and production growth. In 2022, Kinross purchased the Great Bear project in Canada. If developed as we think likely, it could produce an average of more than 500,000 ounces of gold per year for at least a decade, with its unit cash costs likely in the first quartile of the industry cost curve. Though Great Bear's production is likely to be replacement ounces for falling volumes at other mines.
95GF Score

Get the complete analysis for FRA:KIN2

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

€21.57
Price
€16.14
GF Value