Bragg Gaming Group (TSX:BRAG) E10: C$-4.43 (As of Mar. 2026)


TSX:BRAG Bragg Gaming Group Inc TSX:BRAG
42 GF Score
Price C$2.51
GF Value C$6.47
Valuation Possible Value Trap
! 1 Warning Sign
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What is Bragg Gaming Group E10?

Bragg Gaming Group TSX:BRAG +5.91% 42 E10 is C$-4.43 as of Mar. 2026. GuruFocus rates TSX:BRAG with a GF Score™ of 42/100 and a GF Value™ of C$6.47 (Possible Value Trap). 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.

Bragg Gaming Group's adjusted earnings per share data for the three months ended in Mar. 2026 was C$-0.079. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is C$-4.43 for the trailing ten years ended in Mar. 2026.

During the past 3 years, the average E10 Growth Rate was 24.70% per year. During the past 5 years, the average E10 Growth Rate was 25.00% per year. During the past 10 years, the average E10 Growth Rate was 17.20% 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 Bragg Gaming Group was 26.40% per year. The lowest was 8.10% per year. And the median was 14.95% per year.

As of today (2026-06-27), Bragg Gaming Group's current stock price is C$2.51. Bragg Gaming Group's E10 for the quarter that ended in Mar. 2026 was C$-4.43. Bragg Gaming Group's Shiller PE Ratio of today is .


Bragg Gaming Group  (TSX:BRAG) 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.


Bragg Gaming Group E10 Related Terms


Bragg Gaming Group E10 Historical Data

* Premium members only.

The historical data trend for Bragg Gaming Group'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.

Bragg Gaming Group E10 Chart

Bragg Gaming Group Annual Data
Trend Jan16 Jan17 Mar18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only -16.15 -11.01 -7.99 -6.45 -4.71

Bragg Gaming Group 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 -5.80 -5.45 -5.10 -4.71 -4.43

TSX:BRAG vs FLUT, DKNG, LNWO: E10 Comparison

For the Gambling subindustry, Bragg Gaming Group'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.


Bragg Gaming Group Shiller PE Ratio vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Bragg Gaming Group's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Bragg Gaming Group's Shiller PE Ratio falls into.


TSX:BRAG
42GF Score
Bragg Gaming Group Inc TSX:BRAG
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Bragg Gaming Group 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, Bragg Gaming Group'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)
=-0.079/132.2623*132.2623
=-0.079

Current CPI (Mar. 2026) = 132.2623.

Bragg Gaming Group Quarterly Data

per share eps CPI Adj_EPS
201604 -2.025 101.370 -2.642
201607 -1.978 101.844 -2.569
201610 -0.990 102.002 -1.284
201701 -3.337 102.318 -4.314
201706 -5.485 103.029 -7.041
201709 -1.122 103.345 -1.436
201712 -0.882 103.345 -1.129
201803 -5.224 105.004 -6.580
201806 -0.663 105.557 -0.831
201809 -3.927 105.636 -4.917
201812 -2.558 105.399 -3.210
201903 -0.403 106.979 -0.498
201906 -1.051 107.690 -1.291
201909 -0.040 107.611 -0.049
201912 -1.024 107.769 -1.257
202003 -1.095 107.927 -1.342
202006 -0.076 108.401 -0.093
202009 -0.608 108.164 -0.743
202012 -0.857 108.559 -1.044
202103 -0.090 110.298 -0.108
202106 -0.162 111.720 -0.192
202109 -0.179 112.905 -0.210
202112 -0.130 113.774 -0.151
202203 -0.056 117.646 -0.063
202206 0.006 120.806 0.007
202209 -0.119 120.648 -0.130
202212 -0.058 120.964 -0.063
202303 -0.029 122.702 -0.031
202306 0.029 124.203 0.031
202309 -0.188 125.230 -0.199
202312 -0.044 125.072 -0.047
202403 -0.118 126.258 -0.124
202406 -0.148 127.522 -0.154
202409 -0.015 127.285 -0.016
202412 -0.030 127.364 -0.031
202503 -0.171 129.181 -0.175
202506 -0.110 129.892 -0.112
202509 -0.146 130.287 -0.148
202512 -0.081 130.366 -0.082
202603 -0.079 132.262 -0.079

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 C$-4.43 mean?
Bragg Gaming Group (TSX:BRAG) has a E10 of C$-4.43 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Bragg Gaming Group and its competitors.
Is Bragg Gaming Group's E10 too high?
Bragg Gaming Group's current E10 is C$-4.43. Overall, Bragg Gaming Group has a GF Score™ of 42/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Bragg Gaming Group's E10 compare to FLUT and DKNG?
Bragg Gaming Group's E10 of C$-4.43 can be compared against companies in the Travel & Leisure 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 Travel & Leisure company?
A good E10 depends on the Travel & Leisure 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 Bragg Gaming Group and its competitors. Bragg Gaming Group's current E10 is C$-4.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bragg Gaming Group stock overvalued right now?
Based on GuruFocus' analysis, Bragg Gaming Group (TSX:BRAG) is currently considered Possible Value Trap. The stock's GF Value™ is C$6.47, compared to a current price of C$2.51 — trading 61.2% below its estimated fair value. The current E10 is C$-4.43. Bragg Gaming Group's overall GF Score™ is 42/100 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 Bragg Gaming Group (TSX:BRAG), the current E10 is C$-4.43 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 Bragg Gaming Group (TSX:BRAG) Overvalued in 2026?

Based on GuruFocus' analysis, Bragg Gaming Group stock appears to be undervalued. The current stock price of C$2.51 is trading 61.2% below its estimated GF Value™ of C$6.47. GuruFocus considers Bragg Gaming Group to be Possible Value Trap.

Key valuation signals for TSX:BRAG:

  • E10: C$-4.43
  • GF Value™: C$6.47 vs. price of C$2.51 (61.2% below fair value)
  • GF Score™: 42/100 with 1 warning sign

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


Bragg Gaming Group Business Description

Other Exchanges BRAG:USASL4:Germany
Address 130 King Street West, Suite 1955, Exchange Tower, Toronto, ON, CAN, M5X 1E3
Bragg Gaming Group Inc is predominantly a B2B online gaming technology platform and casino content aggregator. The company's proprietary studios offer high-performing, data-driven casino gaming titles from in-house brands Wild Streak, Spin, Atomic Slot Lab, Indigo Magic, and Oryx Gaming. It offers a full range of games including slot games, table games, card games, video bingo, scratch card games, virtual sports, and live dealer games which are featured on the company's PAM platform and also available for use on other gaming platforms offered by third parties. Geographically, the company generates a majority of its revenue from Malta, and the rest from Netherlands, Curacao, the United States, Croatia, Marshall Islands, Brazil, Isle of Man, Belgium, Czech Republic, and other regions.
42GF Score

Get the complete analysis for TSX:BRAG

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

C$2.51
Price
C$6.47
GF Value