GURE (Gulf Resources) E10: $ (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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.

GURE Gulf Resources Inc GURE
49 GF Score
Price $3.29
GF Value $8.15
Valuation Possible Value Trap
! 3 Warning Signs
View Full Analysis

What is Gulf Resources E10?

Gulf Resources GURE -1.50% 49 E10 is $ as of Mar. 2026. GuruFocus rates GURE with a GF Score™ of 49/100 and a GF Value™ of $8.15 (Possible Value Trap). The stock has 3 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.

Gulf Resources's adjusted earnings per share data for the three months ended in Mar. 2026 was $-2.481. 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 Mar. 2026.

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 Gulf Resources was -20.70% per year. The lowest was -62.70% per year. And the median was -41.40% per year.

As of today (2026-09-21), Gulf Resources's current stock price is $3.29. Gulf Resources's E10 for the quarter that ended in Mar. 2026 was $. Gulf Resources's Shiller PE Ratio of today is .

During the past 13 years, the highest Shiller PE Ratio of Gulf Resources was 10.58. The lowest was 0.95. And the median was 2.59.


Gulf Resources  (NAS:GURE) 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 Gulf Resources was 10.58. The lowest was 0.95. And the median was 2.59.


Be Aware

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


Gulf Resources E10 Related Terms


Gulf Resources E10 Historical Data

* Premium members only.

The historical data trend for Gulf 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.

Gulf Resources E10 Chart

Gulf Resources Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
E10
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Gulf 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 - - - - -

GURE vs GLGI, YMAT, SNES: E10 Comparison

For the Chemicals subindustry, Gulf 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.


Gulf Resources Shiller PE Ratio vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Gulf Resources's Shiller PE Ratio distribution charts can be found below:

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


GURE
49GF Score
Gulf Resources Inc GURE
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Gulf 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, Gulf 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)
=-2.4805/116.3033*116.3033
=-2.481

Current CPI (Mar. 2026) = 116.3033.

Gulf Resources Quarterly Data

per share eps CPI Adj_EPS
201606 14.000 101.400 16.058
201609 11.500 102.400 13.061
201612 6.500 102.600 7.368
201703 8.500 103.200 9.579
201706 14.500 103.100 16.357
201709 3.500 104.100 3.910
201712 -18.481 104.500 -20.568
201803 -7.500 105.300 -8.284
201806 -5.000 104.900 -5.544
201809 -20.824 106.600 -22.720
201812 -41.323 106.500 -45.126
201903 -5.230 107.700 -5.648
201906 -0.781 107.700 -0.843
201909 -13.691 109.800 -14.502
201912 -7.492 111.200 -7.835
202003 -0.744 112.300 -0.770
202006 -0.472 110.400 -0.497
202009 -3.045 111.700 -3.170
202012 0.277 111.500 0.289
202103 -2.503 112.662 -2.584
202106 -2.582 111.769 -2.687
202109 5.152 112.215 5.339
202112 -1.063 113.108 -1.093
202203 -0.115 114.335 -0.116
202206 3.726 114.558 3.783
202209 8.563 115.339 8.635
202212 -2.578 115.116 -2.605
202303 -0.535 115.116 -0.540
202306 -0.654 114.558 -0.664
202309 -1.702 115.339 -1.717
202312 -56.323 114.781 -57.070
202403 -3.722 115.227 -3.756
202406 -30.855 114.781 -31.264
202409 -3.256 115.785 -3.271
202412 -17.697 114.893 -17.914
202503 -3.962 115.116 -4.003
202506 -0.580 114.907 -0.587
202509 -26.349 115.471 -26.539
202512 -1.853 115.832 -1.860
202603 -2.481 116.303 -2.481

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?
Gulf Resources (GURE) has a E10 of $ as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Gulf Resources and its competitors.
Is Gulf Resources' E10 too high?
Gulf Resources' current E10 is $. Overall, Gulf Resources has a GF Score™ of 49/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Gulf Resources' E10 compare to GLGI and YMAT?
Gulf Resources' E10 of $ can be compared against companies in the Chemicals 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 Chemicals company?
A good E10 depends on the Chemicals 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 Gulf Resources and its competitors. Gulf Resources'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 Gulf Resources stock overvalued right now?
Based on GuruFocus' analysis, Gulf Resources (GURE) is currently considered Possible Value Trap. The stock's GF Value™ is $8.15, compared to a current price of $3.29 — trading 59.6% below its estimated fair value. The current E10 is $. Gulf Resources' overall GF Score™ is 49/100 with 3 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 Gulf Resources (GURE), the current E10 is $ 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 Gulf Resources (GURE) Overvalued in 2026?

Based on GuruFocus' analysis, Gulf Resources stock appears to be undervalued. The current stock price of $3.29 is trading 59.6% below its estimated GF Value™ of $8.15. GuruFocus considers Gulf Resources to be Possible Value Trap.

Key valuation signals for GURE:

  • E10: $
  • GF Value™: $8.15 vs. price of $3.29 (59.6% below fair value)
  • GF Score™: 49/100 with 3 warning signs

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


Gulf Resources Business Description

Address Level 11, Vegetable Building, Industrial Park of the East Shouguang City, Shandong, Shouguang, CHN, 262700
Gulf Resources Inc is a holding company engaged in the manufacture and trade of bromine and crude salt, and natural gas; manufactures and sells chemical products used in oil and gas field exploration, oil and gas distribution, oil field drilling, wastewater processing, papermaking chemical agents and inorganic chemicals, and manufactures and sells materials for human and animal antibiotics. It operates in four segments: Bromine, Crude Salt, Chemical Products and Natural Gas. It derives maximum revenue from the Bromine segment which is commonly used in brominated flame retardants, fumigants, water purification compounds, dyes, medicines and disinfectants.
49GF Score

Get the complete analysis for GURE

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

$3.29
Price
$8.15
GF Value