Calian Group (TSX:CGY) E10: C$2.05 (As of Mar. 2026)


TSX:CGY Calian Group Ltd TSX:CGY
93 GF Score
Price C$85.00
GF Value C$65.78
Valuation Modestly Overvalued
! 10 Warning Signs
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What is Calian Group E10?

Calian Group TSX:CGY +5.66% 93 E10 is C$2.05 as of Mar. 2026. GuruFocus rates TSX:CGY with a GF Score™ of 93/100 and a GF Value™ of C$65.78 (Modestly Overvalued). The stock has 10 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.

Calian Group's adjusted earnings per share data for the three months ended in Mar. 2026 was C$0.580. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is C$2.05 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Calian Group's average E10 Growth Rate was 6.80% per year. During the past 3 years, the average E10 Growth Rate was 0.20% per year. During the past 5 years, the average E10 Growth Rate was 0.20% per year. During the past 10 years, the average E10 Growth Rate was 1.10% 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 Calian Group was 30.90% per year. The lowest was -1.00% per year. And the median was 4.40% per year.

As of today (2026-06-28), Calian Group's current stock price is C$85.00. Calian Group's E10 for the quarter that ended in Mar. 2026 was C$2.05. Calian Group's Shiller PE Ratio of today is 41.46.

During the past 13 years, the highest Shiller PE Ratio of Calian Group was 44.94. The lowest was 10.77. And the median was 25.37.


Calian Group  (TSX:CGY) 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.

Calian Group's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=85.00/2.05
=41.46

* 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 Calian Group was 44.94. The lowest was 10.77. And the median was 25.37.


Be Aware

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


Calian Group E10 Related Terms


Calian Group E10 Historical Data

* Premium members only.

The historical data trend for Calian 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.

Calian Group E10 Chart

Calian Group Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.00 2.02 2.04 1.98 2.03

Calian 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 1.92 1.89 2.03 2.02 2.05

TSX:CGY vs CTAS, CPRT, GPN: E10 Comparison

For the Specialty Business Services subindustry, Calian 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.


Calian Group Shiller PE Ratio vs Business Services Industry

For the Business Services industry and Industrials sector, Calian Group's Shiller PE Ratio distribution charts can be found below:

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


TSX:CGY
93GF Score
Calian Group Ltd TSX:CGY
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Calian 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, Calian 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)
=0.58/132.2623*132.2623
=0.580

Current CPI (Mar. 2026) = 132.2623.

Calian Group Quarterly Data

per share eps CPI Adj_EPS
201606 0.520 102.002 0.674
201609 0.450 101.765 0.585
201612 0.450 101.449 0.587
201703 0.550 102.634 0.709
201706 0.450 103.029 0.578
201709 0.560 103.345 0.717
201712 0.540 103.345 0.691
201803 0.500 105.004 0.630
201806 0.500 105.557 0.626
201809 0.560 105.636 0.701
201812 0.430 105.399 0.540
201903 0.490 106.979 0.606
201906 0.540 107.690 0.663
201909 1.070 107.611 1.315
201912 0.540 107.769 0.663
202003 0.590 107.927 0.723
202006 0.400 108.401 0.488
202009 0.710 108.164 0.868
202012 0.250 108.559 0.305
202103 0.540 110.298 0.648
202106 0.180 111.720 0.213
202109 0.100 112.905 0.117
202112 0.380 113.774 0.442
202203 0.110 117.646 0.124
202206 0.600 120.806 0.657
202209 0.090 120.648 0.099
202212 0.390 120.964 0.426
202303 0.380 122.702 0.410
202306 0.400 124.203 0.426
202309 0.430 125.230 0.454
202312 0.460 125.072 0.486
202403 0.410 126.258 0.429
202406 0.110 127.522 0.114
202409 -0.050 127.285 -0.052
202412 -0.080 127.364 -0.083
202503 0.020 129.181 0.020
202506 0.050 129.892 0.051
202509 1.770 130.287 1.797
202512 0.440 130.366 0.446
202603 0.580 132.262 0.580

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$2.05 mean?
Calian Group (TSX:CGY) has a E10 of C$2.05 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Calian Group and its competitors.
Is Calian Group's E10 too high?
Calian Group's current E10 is C$2.05. Overall, Calian Group has a GF Score™ of 93/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Calian Group's E10 compare to CTAS and CPRT?
Calian Group's E10 of C$2.05 can be compared against companies in the Business Services 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 Business Services company?
A good E10 depends on the Business Services 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 Calian Group and its competitors. Calian Group's current E10 is C$2.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Calian Group stock overvalued right now?
Based on GuruFocus' analysis, Calian Group (TSX:CGY) is currently considered Modestly Overvalued. The stock's GF Value™ is C$65.78, compared to a current price of C$85.00 — trading 29.2% above its estimated fair value. The current E10 is C$2.05. Calian Group's overall GF Score™ is 93/100 with 10 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 Calian Group (TSX:CGY), the current E10 is C$2.05 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 Calian Group (TSX:CGY) Overvalued in 2026?

Based on GuruFocus' analysis, Calian Group stock appears to be overvalued. The current stock price of C$85.00 is trading 29.2% above its estimated GF Value™ of C$65.78. GuruFocus considers Calian Group to be Modestly Overvalued.

Key valuation signals for TSX:CGY:

  • E10: C$2.05
  • GF Value™: C$65.78 vs. price of C$85.00 (29.2% above fair value)
  • GF Score™: 93/100 with 10 warning signs

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


Calian Group Business Description

Other Exchanges CLNFF:USA
Address 770 Palladium Drive, Ottawa, ON, CAN, K2V 1C8
Calian Group Ltd provides services to industry and government across health, learning, defence, security, aerospace, engineering, AgTech, satcom, and IT. The company operates through four segments: Advanced Technologies, Health, Learning, and IT and Cyber Solutions (ITCS), with majority revenue from Advanced Technologies. Its solutions cover cybersecurity and cloud services, communication and connectivity, antennas and SatCom solutions, enterprise IT and managed services, defence and military support, software and embedded design, modelling and simulation, and healthcare services, including virtual care, psychological services, staff augmentation, and pharma PSP and CRO services. It generates the majority of revenue from Canada and has a presence in the United States, Europe, and other.
93GF Score

Get the complete analysis for TSX:CGY

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

C$85.00
Price
C$65.78
GF Value