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First Majestic Silver (MEX:AG1 N) E10 : MXN-8.00 (As of Mar. 2025)


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What is First Majestic Silver E10?

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.

First Majestic Silver's adjusted earnings per share data for the three months ended in Mar. 2025 was MXN0.205. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is MXN-8.00 for the trailing ten years ended in Mar. 2025.

During the past 3 years, the average E10 Growth Rate was -14.80% per year. During the past 5 years, the average E10 Growth Rate was -25.40% 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 First Majestic Silver was 14.50% per year. The lowest was -100.00% per year. And the median was -34.20% per year.

As of today (2025-07-07), First Majestic Silver's current stock price is MXN144.00. First Majestic Silver's E10 for the quarter that ended in Mar. 2025 was MXN-8.00. First Majestic Silver's Shiller PE Ratio of today is .

During the past 13 years, the highest Shiller PE Ratio of First Majestic Silver was 1248.00. The lowest was 54.00. And the median was 432.50.


First Majestic Silver E10 Historical Data

The historical data trend for First Majestic Silver'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.

* Premium members only.

First Majestic Silver E10 Chart

First Majestic Silver Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only -4.40 -8.23 -7.90 -7.85 -9.57

First Majestic Silver Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 -6.60 -6.91 -6.90 -9.57 -8.00

Competitive Comparison of First Majestic Silver's E10

For the Silver subindustry, First Majestic Silver'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.


First Majestic Silver's Shiller PE Ratio Distribution in the Metals & Mining Industry

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

* The bar in red indicates where First Majestic Silver's Shiller PE Ratio falls into.


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First Majestic Silver 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, First Majestic Silver's adjusted earnings per share data for the three months ended in Mar. 2025 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=0.205/129.1809*129.1809
=0.205

Current CPI (Mar. 2025) = 129.1809.

First Majestic Silver Quarterly Data

per share eps CPI Adj_EPS
201506 -0.314 100.500 -0.404
201509 -0.169 100.421 -0.217
201512 -13.584 99.947 -17.557
201603 -0.861 101.054 -1.101
201606 0.740 102.002 0.937
201609 0.967 101.765 1.228
201612 0.206 101.449 0.262
201703 0.377 102.634 0.475
201706 0.181 103.029 0.227
201709 -0.181 103.345 -0.226
201712 -6.677 103.345 -8.346
201803 -0.545 105.004 -0.670
201806 -4.323 105.557 -5.290
201809 0.561 105.636 0.686
201812 -17.475 105.399 -21.418
201903 0.194 106.979 0.234
201906 -1.153 107.690 -1.383
201909 0.790 107.611 0.948
201912 -3.722 107.769 -4.461
202003 -3.517 107.927 -4.210
202006 -1.154 108.401 -1.375
202009 3.093 108.164 3.694
202012 3.183 108.559 3.788
202103 0.204 110.298 0.239
202106 1.194 111.720 1.381
202109 -1.439 112.905 -1.646
202112 -0.329 113.774 -0.374
202203 0.597 117.646 0.656
202206 -6.438 120.806 -6.884
202209 -1.609 120.648 -1.723
202212 -1.170 120.964 -1.249
202303 -6.669 122.702 -7.021
202306 -1.029 124.203 -1.070
202309 -1.568 125.230 -1.617
202312 0.679 125.072 0.701
202403 -0.830 126.258 -0.849
202406 -3.114 127.522 -3.155
202409 -1.772 127.285 -1.798
202412 -0.834 127.364 -0.846
202503 0.205 129.181 0.205

Add all the adjusted EPS together and divide 10 will get our e10.


First Majestic Silver  (MEX:AG1 N) 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 First Majestic Silver was 1248.00. The lowest was 54.00. And the median was 432.50.


Be Aware

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


First Majestic Silver E10 Related Terms

Thank you for viewing the detailed overview of First Majestic Silver's E10 provided by GuruFocus.com. Please click on the following links to see related term pages.


First Majestic Silver Business Description

Address
925 West Georgia Street, Suite 1800, Vancouver, BC, CAN, V6C 3L2
First Majestic Silver Corp is engaged in the production, development, exploration, and acquisition of mineral properties with a focus on silver and gold production in North America. It owns three producing mines in Mexico consisting of the San Dimas Silver/Gold Mine, the Santa Elena Silver/Gold Mine, and the La Encantada Silver Mine.

First Majestic Silver Headlines

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