Anglogold Ashanti (STU:HT3) E10: € (As of Jun. 2026)

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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.

STU:HT3 Anglogold Ashanti PLC STU:HT3
86 GF Score
Price €89.14
GF Value €52.99
Valuation Significantly Overvalued
! 1 Warning Sign
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What is Anglogold Ashanti E10?

Anglogold Ashanti STU:HT3 -0.22% 86 E10 is € as of Jun. 2026. GuruFocus rates STU:HT3 with a GF Score™ of 86/100 and a GF Value™ of €52.99 (Significantly Overvalued). 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.

Anglogold Ashanti's adjusted earnings per share data for the three months ended in Jun. 2026 was €1.707. 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 Jun. 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 Anglogold Ashanti was 30.70% per year. The lowest was -97.40% per year. And the median was -51.70% per year.

As of today (2026-09-20), Anglogold Ashanti's current stock price is €89.14. Anglogold Ashanti's E10 for the quarter that ended in Jun. 2026 was . Anglogold Ashanti's Shiller PE Ratio of today is .

During the past 13 years, the highest Shiller PE Ratio of Anglogold Ashanti was 2005.00. The lowest was 38.19. And the median was 100.46.


Anglogold Ashanti  (STU:HT3) 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 Anglogold Ashanti was 2005.00. The lowest was 38.19. And the median was 100.46.


Be Aware

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


Anglogold Ashanti E10 Related Terms


Anglogold Ashanti E10 Historical Data

* Premium members only.

The historical data trend for Anglogold Ashanti'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.

Anglogold Ashanti E10 Chart

Anglogold Ashanti Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
E10
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Anglogold Ashanti Quarterly Data
Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Sep24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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STU:HT3 vs RGLD, CDE, AUGO: E10 Comparison

For the Gold subindustry, Anglogold Ashanti'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.


Anglogold Ashanti Shiller PE Ratio vs Metals & Mining Industry

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

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


STU:HT3
86GF Score
Anglogold Ashanti PLC STU:HT3
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Anglogold Ashanti 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, Anglogold Ashanti's adjusted earnings per share data for the three months ended in Jun. 2026 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=1.7065/333.9520*333.9520
=1.707

Current CPI (Jun. 2026) = 333.9520.

Anglogold Ashanti Quarterly Data

per share eps CPI Adj_EPS
200712 -1.099 210.036 -1.747
200803 -1.121 213.528 -1.754
200806 -0.051 218.815 -0.078
200809 -0.061 218.783 -0.093
200812 -2.612 210.228 -4.149
200903 0.000 212.709 0.000
200906 0.555 215.693 0.859
200909 -2.049 215.969 -3.169
200912 0.791 215.949 1.224
201003 0.301 217.631 0.462
201006 -0.386 217.965 -0.592
201009 0.127 218.439 0.194
201012 0.113 219.179 0.172
201103 0.448 223.467 0.670
201106 0.845 225.722 1.251
201109 0.803 226.889 1.182
201112 0.583 225.672 0.862
201203 0.870 229.392 1.266
201206 0.507 229.478 0.737
201209 0.384 231.407 0.554
201212 -0.424 229.601 -0.617
201303 0.205 232.773 0.293
201306 -4.405 233.504 -6.300
201309 -0.068 234.149 -0.097
201312 -0.556 233.049 -0.797
201403 0.070 236.293 0.099
201406 -0.143 238.343 -0.201
201409 0.076 238.031 0.106
201412 -0.115 234.812 -0.163
201503 -0.002 236.119 -0.003
201506 -0.315 238.638 -0.441
201509 -0.159 237.945 -0.223
201512 0.293 236.525 0.414
202409 0.484 315.301 0.512
202503 0.836 319.799 0.873
202506 1.172 322.561 1.214
202509 1.121 324.800 1.153
202512 1.410 324.054 1.453
202603 2.169 330.213 2.193
202606 1.707 333.952 1.707

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?
Anglogold Ashanti (STU:HT3) has a E10 of € as of Jun. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Anglogold Ashanti and its competitors.
Is Anglogold Ashanti's E10 too high?
Anglogold Ashanti's current E10 is €. Overall, Anglogold Ashanti has a GF Score™ of 86/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Anglogold Ashanti's E10 compare to RGLD and CDE?
Anglogold Ashanti's E10 of € 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 Anglogold Ashanti and its competitors. Anglogold Ashanti'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 Anglogold Ashanti stock overvalued right now?
Based on GuruFocus' analysis, Anglogold Ashanti (STU:HT3) is currently considered Significantly Overvalued. The stock's GF Value™ is €52.99, compared to a current price of €89.14 — trading 68.2% above its estimated fair value. The current E10 is €. Anglogold Ashanti's overall GF Score™ is 86/100 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 Anglogold Ashanti (STU:HT3), the current E10 is € as of Jun. 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 Anglogold Ashanti (STU:HT3) Overvalued in 2026?

Based on GuruFocus' analysis, Anglogold Ashanti stock appears to be overvalued. The current stock price of €89.14 is trading 68.2% above its estimated GF Value™ of €52.99. GuruFocus considers Anglogold Ashanti to be Significantly Overvalued.

Key valuation signals for STU:HT3:

  • E10:
  • GF Value™: €52.99 vs. price of €89.14 (68.2% above fair value)
  • GF Score™: 86/100 with 1 warning sign

No single metric tells the full story. See the STU:HT3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Anglogold Ashanti Business Description

Address 6363 S Fiddlers Green Circle, Suite 1000, Greenwood Village, Denver, CO, USA, 80111
Anglogold Ashanti PLC is an independent gold mining company. It has a diversified asset portfolio, including production from operations in eight countries (Argentina, Australia, Brazil, Egypt, Ghana, Guinea, the DRC, and Tanzania), supported by greenfield projects in the United States and Colombia. The company's main product is gold, which once mined, is processed into dore (unrefined gold bars) on site and then dispatched to precious metals refineries. Geographically, Anglogold generates maximum revenue from its operations in Africa (comprising operations at Kibali, Iduapriem, Obuasi, Siguiri, Geita, and Sukari mines), followed by Australia (including Sunrise Dam and Tropicana), and the Americas (comprising Cerro Vanguardia, AngloGold Ashanti Mineracao, and Serra Grande operations).
86GF Score

Get the complete analysis for STU:HT3

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

€89.14
Price
€52.99
GF Value