Agnico Eagle Mines (HAM:AE9) E10: €2.51 (As of Mar. 2026)


HAM:AE9 Agnico Eagle Mines Ltd HAM:AE9
98 GF Score
Price €139.45
GF Value €141.58
Valuation Fairly Valued
! 1 Warning Sign
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What is Agnico Eagle Mines E10?

Agnico Eagle Mines HAM:AE9 +1.71% 98 E10 is €2.51 as of Mar. 2026. GuruFocus rates HAM:AE9 with a GF Score™ of 98/100 and a GF Value™ of €141.58 (Fairly Valued). 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.

Agnico Eagle Mines's adjusted earnings per share data for the three months ended in Mar. 2026 was €2.924. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €2.51 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Agnico Eagle Mines's average E10 Growth Rate was 58.70% per year. During the past 3 years, the average E10 Growth Rate was 56.00% per year. During the past 5 years, the average E10 Growth Rate was 67.10% 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 Agnico Eagle Mines was 109.90% per year. The lowest was -53.40% per year. And the median was 2.10% per year.

As of today (2026-06-27), Agnico Eagle Mines's current stock price is €139.45. Agnico Eagle Mines's E10 for the quarter that ended in Mar. 2026 was €2.51. Agnico Eagle Mines's Shiller PE Ratio of today is 55.56.

During the past 13 years, the highest Shiller PE Ratio of Agnico Eagle Mines was 4032.00. The lowest was 33.90. And the median was 158.21.


Agnico Eagle Mines  (HAM:AE9) 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.

Agnico Eagle Mines's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=139.45/2.51
=55.56

* 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 Agnico Eagle Mines was 4032.00. The lowest was 33.90. And the median was 158.21.


Be Aware

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


Agnico Eagle Mines E10 Related Terms


Agnico Eagle Mines E10 Historical Data

* Premium members only.

The historical data trend for Agnico Eagle Mines'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.

Agnico Eagle Mines E10 Chart

Agnico Eagle Mines 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 0.61 0.66 1.26 1.56 2.26

Agnico Eagle Mines 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 1.65 1.78 1.93 2.26 2.51

HAM:AE9 vs NEM, AU, CDE: E10 Comparison

For the Gold subindustry, Agnico Eagle Mines'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.


Agnico Eagle Mines Shiller PE Ratio vs Metals & Mining Industry

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

* The bar in red indicates where Agnico Eagle Mines's Shiller PE Ratio falls into.


HAM:AE9
98GF Score
Agnico Eagle Mines Ltd HAM:AE9
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
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Agnico Eagle Mines 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, Agnico Eagle Mines'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)
=2.924/132.2623*132.2623
=2.924

Current CPI (Mar. 2026) = 132.2623.

Agnico Eagle Mines Quarterly Data

per share eps CPI Adj_EPS
201606 0.071 102.002 0.092
201609 0.196 101.765 0.255
201612 0.265 101.449 0.345
201703 0.309 102.634 0.398
201706 0.205 103.029 0.263
201709 0.260 103.345 0.333
201712 0.127 103.345 0.163
201803 0.154 105.004 0.194
201806 0.017 105.557 0.021
201809 0.060 105.636 0.075
201812 -1.477 105.399 -1.853
201903 0.142 106.979 0.176
201906 0.106 107.690 0.130
201909 0.291 107.611 0.358
201912 1.242 107.769 1.524
202003 -0.081 107.927 -0.099
202006 0.382 108.401 0.466
202009 0.773 108.164 0.945
202012 0.690 108.559 0.841
202103 0.496 110.298 0.595
202106 0.664 111.720 0.786
202109 0.417 112.905 0.488
202112 0.363 113.774 0.422
202203 0.281 117.646 0.316
202206 0.596 120.806 0.653
202209 0.152 120.648 0.167
202212 0.425 120.964 0.465
202303 3.605 122.702 3.886
202306 0.600 124.203 0.639
202309 0.328 125.230 0.346
202312 -0.706 125.072 -0.747
202403 0.644 126.258 0.675
202406 0.873 127.522 0.905
202409 1.018 127.285 1.058
202412 0.965 127.364 1.002
202503 1.498 129.181 1.534
202506 1.838 129.892 1.872
202509 1.789 130.287 1.816
202512 2.596 130.366 2.634
202603 2.924 132.262 2.924

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 €2.51 mean?
Agnico Eagle Mines (HAM:AE9) has a E10 of €2.51 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Agnico Eagle Mines and its competitors.
Is Agnico Eagle Mines' E10 too high?
Agnico Eagle Mines' current E10 is €2.51. Overall, Agnico Eagle Mines has a GF Score™ of 98/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Agnico Eagle Mines' E10 compare to NEM and AU?
Agnico Eagle Mines' E10 of €2.51 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 Agnico Eagle Mines and its competitors. Agnico Eagle Mines's current E10 is €2.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Agnico Eagle Mines stock overvalued right now?
Based on GuruFocus' analysis, Agnico Eagle Mines (HAM:AE9) is currently considered Fairly Valued. The stock's GF Value™ is €141.58, compared to a current price of €139.45 — trading 1.5% below its estimated fair value. The current E10 is €2.51. Agnico Eagle Mines' overall GF Score™ is 98/100 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 Agnico Eagle Mines (HAM:AE9), the current E10 is €2.51 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 Agnico Eagle Mines (HAM:AE9) Overvalued in 2026?

Based on GuruFocus' analysis, Agnico Eagle Mines stock appears to be undervalued. The current stock price of €139.45 is trading 1.5% below its estimated GF Value™ of €141.58. GuruFocus considers Agnico Eagle Mines to be Fairly Valued.

Key valuation signals for HAM:AE9:

  • E10: €2.51
  • GF Value™: €141.58 vs. price of €139.45 (1.5% below fair value)
  • GF Score™: 98/100 with 1 warning sign

No single metric tells the full story. See the HAM:AE9 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Agnico Eagle Mines Business Description

Address 145 King Street East, Suite 400, Toronto, ON, CAN, M5C 2Y7
Agnico Eagle is a gold miner with mines in Canada, Mexico, Finland, and Australia. Agnico operated just one mine, LaRonde, as recently as 2008 before bringing its other mines online in rapid succession in the following years. It merged with Kirkland Lake Gold in 2022, acquiring the Detour Lake and Macassa mines in Canada along with the high-grade, low-cost Fosterville mine in Australia. It sold around 3.4 million gold ounces in 2025 and had about 15 years of gold reserves at end 2025. Agnico Eagle is focused on increasing gold production in lower-risk jurisdictions and bought the remaining 50% of its Canadian Malartic mine along with the Wasamac project and other assets from Yamana Gold in 2023.
98GF Score

Get the complete analysis for HAM:AE9

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

€139.45
Price
€141.58
GF Value