Golden Cross Resources (FRA:ZML0) E10: €-0.01 (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:ZML0 Golden Cross Resources Inc FRA:ZML0
29 GF Score
Price €0.08
View Full Analysis

What is Golden Cross Resources E10?

Golden Cross Resources FRA:ZML0 -7.46% 29 E10 is €-0.01 as of Mar. 2026. GuruFocus rates FRA:ZML0 with a GF Score™ of 29/100.

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.

Golden Cross Resources's adjusted earnings per share data for the three months ended in Mar. 2026 was €-0.013. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €-0.01 for the trailing ten years ended in Mar. 2026.

During the past 3 years, the average E10 Growth Rate was 79.30% per year. During the past 5 years, the average E10 Growth Rate was 60.70% per year. During the past 10 years, the average E10 Growth Rate was 33.50% 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 Golden Cross Resources was 79.30% per year. The lowest was 7.40% per year. And the median was 13.10% per year.

As of today (2026-07-16), Golden Cross Resources's current stock price is €0.0782. Golden Cross Resources's E10 for the quarter that ended in Mar. 2026 was €-0.01. Golden Cross Resources's Shiller PE Ratio of today is .


Golden Cross Resources  (FRA:ZML0) 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.


Golden Cross Resources E10 Related Terms


Golden Cross Resources E10 Historical Data

* Premium members only.

The historical data trend for Golden Cross Resources'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.

Golden Cross Resources E10 Chart

Golden Cross Resources 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 -0.22 -0.95 -0.41 -0.03 -0.02

Golden Cross Resources 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 0.02 0.01 -0.02 -0.01

FRA:ZML0 vs NEM, AU: E10 Comparison

For the Gold subindustry, Golden Cross Resources'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.


Golden Cross Resources Shiller PE Ratio vs Metals & Mining Industry

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

* The bar in red indicates where Golden Cross Resources's Shiller PE Ratio falls into.


FRA:ZML0
29GF Score
Golden Cross Resources Inc FRA:ZML0
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Golden Cross Resources 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, Golden Cross Resources'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)
=-0.013/132.2623*132.2623
=-0.013

Current CPI (Mar. 2026) = 132.2623.

Golden Cross Resources Quarterly Data

per share eps CPI Adj_EPS
201606 -0.077 102.002 -0.100
201609 -0.068 101.765 -0.088
201612 0.107 101.449 0.140
201703 -0.001 102.634 -0.001
201706 -0.033 103.029 -0.042
201709 -0.011 103.345 -0.014
201712 -0.033 103.345 -0.042
201803 -0.031 105.004 -0.039
201806 -0.033 105.557 -0.041
201809 -0.016 105.636 -0.020
201812 -0.033 105.399 -0.041
201903 -0.033 106.979 -0.041
201906 -0.033 107.690 -0.041
201909 -0.034 107.611 -0.042
201912 0.034 107.769 0.042
202003 -0.032 107.927 -0.039
202006 -0.008 108.401 -0.010
202009 0.032 108.164 0.039
202012 -0.036 108.559 -0.044
202103 0.033 110.298 0.040
202106 -0.006 111.720 -0.007
202109 -0.007 112.905 -0.008
202112 -0.005 113.774 -0.006
202203 -0.004 117.646 -0.004
202206 -0.018 120.806 -0.020
202209 -0.008 120.648 -0.009
202212 0.434 120.964 0.475
202303 -0.017 122.702 -0.018
202306 -0.004 124.203 -0.004
202309 0.000 125.230 0.000
202312 0.017 125.072 0.018
202403 0.000 126.258 0.000
202406 0.000 127.522 0.000
202409 0.000 127.285 0.000
202412 -0.017 127.364 -0.018
202503 0.000 129.181 0.000
202506 -0.013 129.892 -0.013
202509 -0.018 130.287 -0.018
202512 -0.025 130.366 -0.025
202603 -0.013 132.262 -0.013

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 €-0.01 mean?
Golden Cross Resources (FRA:ZML0) has a E10 of €-0.01 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Golden Cross Resources and its competitors.
Is Golden Cross Resources' E10 too high?
Golden Cross Resources' current E10 is €-0.01. Overall, Golden Cross Resources has a GF Score™ of 29/100, reflecting its overall financial health beyond just this single metric.
How does Golden Cross Resources' E10 compare to NEM and AU?
Golden Cross Resources' E10 of €-0.01 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 Golden Cross Resources and its competitors. Golden Cross Resources's current E10 is €-0.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Golden Cross Resources stock overvalued right now?
Golden Cross Resources (FRA:ZML0) has a current E10 of €-0.01. The current E10 is €-0.01. Golden Cross Resources' overall GF Score™ is 29/100. 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 Golden Cross Resources (FRA:ZML0), the current E10 is €-0.01 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.

Golden Cross Resources Business Description

Other Exchanges ZCRMF:USAAUX:Canada
Address 1030 West Georgia, Suite 1012, Vancouver, BC, CAN, V6E 2Y3
Golden Cross Resources Inc is a Canadian mineral exploration company focused on advancing the Reedy Creek gold project in Victoria, Australia. Located just 10 km from Southern Cross Gold's Sunday Creek discovery, the project covers two contiguous tenements in Australia's active epizonal gold corridors. Its other project includes the Providence gold projects in Victoria, Australia.
29GF Score

Get the complete analysis for FRA:ZML0

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

€0.08
Price