GLDG (GoldMining) E10: $-0.01 (As of May. 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.
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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.

GLDG GoldMining Inc GLDG
32 GF Score
Price $0.86
! 1 Warning Sign
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What is GoldMining E10?

GoldMining GLDG +0.43% 32 E10 is $-0.01 as of May. 2026. GuruFocus rates GLDG with a GF Score™ of 32/100. 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.

GoldMining's adjusted earnings per share data for the three months ended in May. 2026 was $-0.029. 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 May. 2026.

During the past 5 years, the average E10 Growth Rate was 25.70% 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 GoldMining was 50.00% per year. The lowest was 0.00% per year. And the median was 0.00% per year.

As of today (2026-07-23), GoldMining's current stock price is $0.8639. GoldMining's E10 for the quarter that ended in May. 2026 was $-0.01. GoldMining's Shiller PE Ratio of today is .


GoldMining  (AMEX:GLDG) 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.


GoldMining E10 Related Terms


GoldMining E10 Historical Data

* Premium members only.

The historical data trend for GoldMining'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.

GoldMining E10 Chart

GoldMining Annual Data
Trend Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23 Nov24 Nov25
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.01 -0.01 -0.01 -0.01 -0.01

GoldMining Quarterly Data
Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26 May26
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 -0.01 0.00 -0.01 -0.01 -0.01

GLDG vs NEM, AU: E10 Comparison

For the Gold subindustry, GoldMining'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.


GoldMining Shiller PE Ratio vs Metals & Mining Industry

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

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


GLDG
32GF Score
GoldMining Inc GLDG
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
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GoldMining 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, GoldMining's adjusted earnings per share data for the three months ended in May. 2026 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of May. 2026 (Change)*Current CPI (May. 2026)
=-0.029/134.0005*134.0005
=-0.029

Current CPI (May. 2026) = 134.0005.

GoldMining Quarterly Data

per share eps CPI Adj_EPS
201608 -0.015 101.686 -0.020
201611 -0.022 101.607 -0.029
201702 -0.008 102.476 -0.010
201705 -0.007 103.108 -0.009
201708 -0.016 103.108 -0.021
201711 -0.016 103.740 -0.021
201802 -0.008 104.688 -0.010
201805 -0.008 105.399 -0.010
201808 -0.008 106.031 -0.010
201811 -0.015 105.478 -0.019
201902 -0.008 106.268 -0.010
201905 -0.007 107.927 -0.009
201908 -0.008 108.085 -0.010
201911 -0.015 107.769 -0.019
202002 -0.008 108.559 -0.010
202005 -0.007 107.532 -0.009
202008 -0.015 108.243 -0.019
202011 -0.023 108.796 -0.028
202102 -0.016 109.745 -0.020
202105 0.561 111.404 0.675
202108 -0.040 112.668 -0.048
202111 0.032 113.932 0.038
202202 -0.016 115.986 -0.018
202205 -0.016 120.016 -0.018
202208 -0.015 120.569 -0.017
202211 -0.022 121.675 -0.024
202302 -0.030 122.070 -0.033
202305 -0.030 124.045 -0.032
202308 -0.037 125.389 -0.040
202311 -0.029 125.468 -0.031
202402 -0.007 125.468 -0.007
202405 -0.022 127.601 -0.023
202408 -0.037 127.838 -0.039
202411 -0.029 127.838 -0.030
202502 -0.014 128.786 -0.015
202505 -0.007 129.813 -0.007
202508 0.000 130.208 0.000
202511 -0.028 130.682 -0.029
202602 -0.022 131.077 -0.022
202605 -0.029 134.001 -0.029

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?
GoldMining (GLDG) has a E10 of $-0.01 as of May. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on GoldMining and its competitors.
Is GoldMining's E10 too high?
GoldMining's current E10 is $-0.01. Overall, GoldMining has a GF Score™ of 32/100, reflecting its overall financial health beyond just this single metric.
How does GoldMining's E10 compare to NEM and AU?
GoldMining's 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 GoldMining and its competitors. GoldMining'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 GoldMining stock overvalued right now?
GoldMining (GLDG) has a current E10 of $-0.01. The current E10 is $-0.01. GoldMining's overall GF Score™ is 32/100 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 GoldMining (GLDG), the current E10 is $-0.01 as of May. 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.

GoldMining Business Description

Address 1188 West Georgia Street, Suite 1830, Vancouver, BC, CAN, V6E 4A2
GoldMining Inc is a mineral exploration company with a focus on the acquisition, exploration, and development of projects in Colombia, Brazil, the United States, Canada, and Peru. Its principal projects are the La Mina Gold project and its Titiribi Gold-Copper project, located in Colombia; the Sao Jorge Gold Project, located in Brazil; and its interest in the Whistler Gold-Copper Project, located in Alaska, United States. Additionally, the company has several other projects in its portfolio, such as the Yellowknife Gold Project, Cachoeira Gold Project, Surubim Gold Project, Yarumalito Gold Project, Rea Uranium Project, etc. The firm has two operating segments, with U.S. GoldMining as one distinct operating segment and all other subsidiaries, or Others, being the second operating segment.
32GF Score

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

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