Maxim Power (TSX:MXG) E10: C$0.32 (As of Jun. 2026)

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TSX:MXG Maxim Power Corp TSX:MXG
68 GF Score
Price C$4.18
GF Value C$3.81
Valuation Fairly Valued
! 2 Warning Signs
View Full Analysis

What is Maxim Power E10?

Maxim Power TSX:MXG +0.24% 68 E10 is C$0.32 as of Jun. 2026. GuruFocus rates TSX:MXG with a GF Score™ of 68/100 and a GF Value™ of C$3.81 (Fairly Valued). The stock has 2 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.

Maxim Power's adjusted earnings per share data for the three months ended in Jun. 2026 was C$-0.050. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is C$0.32 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Maxim Power's average E10 Growth Rate was 357.10% 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 Maxim Power was 122.40% per year. The lowest was -43.30% per year. And the median was 5.65% per year.

As of today (2026-09-09), Maxim Power's current stock price is C$4.18. Maxim Power's E10 for the quarter that ended in Jun. 2026 was C$0.32. Maxim Power's Shiller PE Ratio of today is 13.06.

During the past 13 years, the highest Shiller PE Ratio of Maxim Power was 461.00. The lowest was 12.81. And the median was 65.57.


Maxim Power  (TSX:MXG) 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.

Maxim Power's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=4.18/0.32
=13.06

* 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 Maxim Power was 461.00. The lowest was 12.81. And the median was 65.57.


Be Aware

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


Maxim Power E10 Related Terms


Maxim Power E10 Historical Data

* Premium members only.

The historical data trend for Maxim Power'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.

Maxim Power E10 Chart

Maxim Power 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 -0.08 -0.03 0.00 0.05 0.27

Maxim Power Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 0.07 0.11 0.27 0.00 0.32

TSX:MXG vs CEG, VST, NRG: E10 Comparison

For the Utilities - Independent Power Producers subindustry, Maxim Power'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.


Maxim Power Shiller PE Ratio vs Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Maxim Power's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Maxim Power's Shiller PE Ratio falls into.


TSX:MXG
68GF Score
Maxim Power Corp TSX:MXG
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Maxim Power 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, Maxim Power'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)
=-0.05/133.5265*133.5265
=-0.050

Current CPI (Jun. 2026) = 133.5265.

Maxim Power Quarterly Data

per share eps CPI Adj_EPS
201609 -0.370 101.765 -0.485
201612 -0.320 101.449 -0.421
201703 -0.070 102.634 -0.091
201706 0.730 103.029 0.946
201709 -0.100 103.345 -0.129
201712 -0.230 103.345 -0.297
201803 -0.060 105.004 -0.076
201806 0.050 105.557 0.063
201809 -0.070 105.636 -0.088
201812 0.160 105.399 0.203
201903 -0.030 106.979 -0.037
201906 -0.080 107.690 -0.099
201909 0.040 107.611 0.050
201912 -0.040 107.769 -0.050
202003 0.020 107.927 0.025
202006 -0.020 108.401 -0.025
202009 0.010 108.164 0.012
202012 0.170 108.559 0.209
202103 0.430 110.298 0.521
202106 0.480 111.720 0.574
202109 0.300 112.905 0.355
202112 0.070 113.774 0.082
202203 0.280 117.646 0.318
202206 0.150 120.806 0.166
202209 0.390 120.648 0.432
202212 -0.150 120.964 -0.166
202303 0.140 122.702 0.152
202306 0.110 124.203 0.118
202309 -0.100 125.230 -0.107
202312 0.310 125.072 0.331
202403 0.180 126.258 0.190
202406 0.020 127.522 0.021
202409 0.180 127.285 0.189
202412 -0.020 127.364 -0.021
202503 0.050 129.181 0.052
202506 0.010 129.892 0.010
202509 0.170 130.287 0.174
202512 0.038 130.366 0.039
202603 0.000 132.262 0.000
202606 -0.050 133.527 -0.050

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$0.32 mean?
Maxim Power (TSX:MXG) has a E10 of C$0.32 as of Jun. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Maxim Power and its competitors.
Is Maxim Power's E10 too high?
Maxim Power's current E10 is C$0.32. Overall, Maxim Power has a GF Score™ of 68/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Maxim Power's E10 compare to CEG and VST?
Maxim Power's E10 of C$0.32 can be compared against companies in the Utilities - Independent Power Producers 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 an Utilities - Independent Power Producers company?
A good E10 depends on the Utilities - Independent Power Producers 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 Maxim Power and its competitors. Maxim Power's current E10 is C$0.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Maxim Power stock overvalued right now?
Based on GuruFocus' analysis, Maxim Power (TSX:MXG) is currently considered Fairly Valued. The stock's GF Value™ is C$3.81, compared to a current price of C$4.18 — trading 9.7% above its estimated fair value. The current E10 is C$0.32. Maxim Power's overall GF Score™ is 68/100 with 2 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 Maxim Power (TSX:MXG), the current E10 is C$0.32 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 Maxim Power (TSX:MXG) Overvalued in 2026?

Based on GuruFocus' analysis, Maxim Power stock appears to be overvalued. The current stock price of C$4.18 is trading 9.7% above its estimated GF Value™ of C$3.81. GuruFocus considers Maxim Power to be Fairly Valued.

Key valuation signals for TSX:MXG:

  • E10: C$0.32
  • GF Value™: C$3.81 vs. price of C$4.18 (9.7% above fair value)
  • GF Score™: 68/100 with 2 warning signs

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


Maxim Power Business Description

Other Exchanges MXGFF:USAMP9:Germany
Address 715 - 5 Avenue SW, Suite 1800, Calgary, AB, CAN, T2P 2X6
Maxim Power Corp is an independent power producer. The company is engaged in the development, ownership, and operation of power generation facilities and the resultant sale of generating capacity and electricity. It is focused entirely on power projects in Alberta. The company's core asset is the 300 MW H.R. Milner Plant (M2) in Grande Cache, AB is a combined cycle gas-fired power plant that was commissioned in Q4, 2023. Further, MAXIM continues to explore further development options in Alberta, including its gas-fired generation projects and its wind power generation project.
68GF Score

Get the complete analysis for TSX:MXG

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

C$4.18
Price
C$3.81
GF Value